Average homeowners insurance cost in Brookings, SD

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In Brookings, homeowners pay an average annual rate of $3,147 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $565 more than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Brookings depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Brookings, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Brookings.

Key takeaways

The average cost of homeowners insurance in Brookings is $3,147 per year.
Auto-Owners is the cheapest homeowners insurance company in Brookings with an average annual premium of $1,915.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $818 more a year for home insurance.

Average homeowners insurance cost in Brookings per month

Residents of Brookings pay an average of $262 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $19 less than the state average of $281 and $47 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Brookings may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Brookings

In Brookings, SD, homeowners pay an average of $2,329 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Brookings

According to Insure.com’s rate analysis, homeowners in Brookings typically pay an average of $3,147 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $818. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Brookings by company

After evaluating several carriers, Auto-Owners is the least expensive homeowners insurance provider in Brookings. It’s average annual rate for homeowners in Brookings is $1,915.

Allstate holds the second position, while North Star Mutual secures the third spot with an average annual home insurance rate of $2,162.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Brookings and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Brookings and their average annual premiums.

Home Insurance Company	Annual rate
Auto-Owners	$1,915
Allstate	$2,029
North Star Mutual	$2,162
Farmers Mutual Ins Co of NE	$2,646
State Farm	$2,952
Nationwide	$3,044
American Family	$3,164
Farmers	$4,853
Iowa Farm bureau	$2,413
USAA*	$2,868

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Brookings for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.