South Dakota variant. This is a South Dakota-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in South Dakota typically runs about 0.30%–0.40% of home value per year. On the $290,000 median home, that's roughly $1,015 annually.
What South Dakota homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. South Dakota's $290,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the South Dakota average for your build cost and deductible.
About taxes and housing in South Dakota
South Dakota levies no state income tax on individuals.
South Dakota's effective property tax rate is near 1.17%, with median home values around $290,000.
South Dakota's economy is built on agriculture, financial services, and tourism centered on the Black Hills.
Worked example: $290,000 home
$290,000 × 0.35% ≈ $1,015/year ($85/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: No state income tax
- State sales tax: 4.2% (plus 1.91% avg local)
- Median home value: $290,000
- Median household income: $71,810
- Effective property tax rate: 1.17%
- Avg auto insurance: $1,830/yr
Frequently Asked Questions
How much is homeowners insurance in South Dakota?
Roughly $1,015/year on the $290,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in South Dakota?
No - flood coverage is purchased separately through the NFIP or private insurers.