How much does condo insurance cost in South Dakota in 2025?

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If you’re shopping for condo insurance in South Dakota, you can expect to pay an average of $389 a year. However, you can save on your premiums by shopping around.

Iowa Farm bureau and State Farm offer the most affordable condo insurance rates in South Dakota, with average premiums of $266 and $266, respectively. These quotes are for a policy that includes $60,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.

Keep reading for a closer look at condo insurance costs in South Dakota by company, coverage amount, and other key factors.

Average cost of condo insurance in South Dakota

The average cost of condo insurance in South Dakota is $389 per year, or about $32 per month. That’s based on a sample policy with $60,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.

Condo insurance in South Dakota costs $267 less than the national average of $656.

Compare condo insurance rates in South Dakota by coverage level

Condo insurance rates depend on the coverage limits you select. For example, a policy with $40,000 in personal property coverage, $100,000 in liability protection, and a $1,000 deductible costs around $336 per year.

If you increase the personal liability coverage from $100,000 to $300,000, your rates will increase to $347 a year.

If you raise personal property coverage to $60,000 – while keeping liability at $100,000 and the deductible at $1,000 – you can expect to pay around $377 per year for condo insurance in South Dakota.

“Condo insurance provides a comprehensive and standardized package of coverages for the condominium owner. The insured gets coverage for both property and liability exposures, as well as assessment coverages. Assessments can result after a neighborhood association suffers damage to a piece of commonly owned property, such as the pool house or the leasing office,” says Brenda Wells, chair of the Department of Finance and Insurance at East Carolina University.

How much condo insurance coverage you need will impact the price of your policy. Below, you’ll see rates for condo insurance in South Dakota at various coverage levels so you know what to expect.

Average condo insurance cost from top companies in South Dakota

Condo insurance rates vary by company. Iowa Farm bureau offers the most affordable condo insurance rates in South Dakota at an average annual cost of $266. It’s followed by State Farm at $266 and Farmers Mutual Ins Co of NE at $276.

Below, you’ll see rates from the top condo insurance companies in South Dakota.

Condo insurance cost by city in South Dakota

Where you live in South Dakota also affects what you pay for condo insurance. Below are the average condo insurance rates for major cities in South Dakota. The cheapest city for condo insurance in South Dakota is Aberdeen at an average rate of $384 .

Best condo insurance companies in South Dakota

Rates aren’t everything; you want a condo insurance company with a good reputation and strong customer service, too. We analyzed rates, customer service ratings and financial stability scores to find the best condo insurance companies in South Dakota.

Farmers Mutual of Nebraska tops the list of the best condo insurance companies with an overall rating of 4.73 out of 5. The insurer received an A rating from AM Best and a score of 0.11 from NAIC.

Apart from Farmers Mutual of Nebraska, Iowa Farm Bureau and State Farm made it to the top three on our best condo insurance companies rankings, with an overall ranking of 4.54 and 4.35, respectively.

Condo insurance rates can vary based on location, coverage limits and the insurer you choose. On average, you’ll pay $32 per month for condo insurance in South Dakota, but your rate may be higher or lower depending on your situation. That’s why shopping around and comparing quotes from different insurers is important to get the best deal.

What our expert says

Q: What affects condo insurance rates?

Brenda WellsChair of the Department of Finance and Insurance at East Carolina University.

"The same factors that affect the rates on any other residential structure affect the rates on condominiums. The main things we look at in setting insurance rates are the buildings construction and safety features, the geographic location, and the occupancy or use of the property."

Methodology

Insure.com commissioned condo insurance rates from Quadrant Data Services for condo (HO-6) insurance policies in all 50 states and Washington, D.C. Rates were fielded for a condo insurance policy with coverage levels of $40,000, $60,000 and $100,000 for personal property and at $100,000 and $300,000, with a $1,000 deductible.

Rates were fielded from 34,588 ZIP codes and 145 companies and were based on a good credit tier where credit is used in calculating rates.

For the best insurance companies rankings, if two companies received the same overall score, the company with the lower average rate was ranked higher and the second company was placed immediately after.

Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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