Sioux Falls Insurance Rates:

Sioux Falls, SD home insurance is approximately $572 to $773, about $47-$64/month. Our extensive guide shows customers can save as much as $269 by getting many quotes

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Sioux Falls Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
American Family Insurance
Home Insurance Rate of $260/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $170,000

2 Beds, 2 Bath 1540 sqft Vacation Property Constructed In 1986 with Wood Flooring, Shingles Roof, Crawl Space Foundation, Brick siding, Stucco Construction. Home Features Include Copper Water Pipes, Indoor Sprinklers, Smoke Alarm, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Married Female who has a Full Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $580/9 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $220,000

4 Beds, 4 Baths 2190 sqft Rental Property Constructed In 1992 with Ceramic Tile Flooring, Asphalt Shingles Roof, Slab Foundation, Stone Siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Fireplace, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

74 Years old Married Male who is Unemployed and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $510/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $295,000

4 Beds, 4 Baths 3180 sqft Primary Residence Constructed In 2010 with Linoleum, Composition Roof, Slab Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fireplace, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

59 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $170/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $260,000

4 Beds, 4 Baths 3040 sqft Vacation Property Constructed In 1987 with Carpet Flooring, Membrane Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $120/3 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $190,000

4 Beds, 4 Baths 2180 sqft Rental Property Constructed In 1987 with Linoleum, Asphalt Shingles Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Swimming Pool, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

46 Years old Married Female who is a Freelancer with household income of more than $150,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $220/6 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $160,000

2 Beds, 2 Bath 1610 sqft Rental Property Constructed In 1993 with Carpet Flooring, Composition Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Married Female who has a Full Time Job with household income of $50-$75,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Sioux Falls, SD Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
57108 $272,800 $740
57110 $186,600 $690
57106 $157,600 $680
57103 $144,600 $680
57105 $139,800 $670
57107 $132,700 $670
57104 $100,400 $660

Sioux Falls Rates & Quotes Analysis:

Sioux Falls Area Estimated House Insurance
S Medina Cir, W Bakker Cir, Jasmine Cir, S River Park Pl, S Hallow Ave, S Lewis Ave, S Tarragon Cir, S Cliff Ave, S Rain Tree Ln, W Sleigh Creek Trl$723
W 92nd St, E Justin Dr, E Chatham St, W 91st Pl, W Chicory Ln, S Quail Run Ave, S Landau Cir, S Honors Dr, E Sandpiper Trl, S Mustang Ave$723
W 86th Pl, Connie Ave, W Wicklow Ln, S Brenda Pl, Bitterroot Ct, W 65th St, W Devitt Dr, Heatherridge Ave, Grouse Point Pl, S Moor Cross Dr$721
Co Hwy 102, E 64th St, W 84th St, S Canterbury Pl, W 98th St, S Yellowstone Cir, E 57th St, S High Cross Trl, E Snowbird Cir, 94th St$727
S Edinburg Pl, W Wicklow Ct, S Holbrook Ave, Waterstone Dr, S Sunflower Trl, W 88th St, S Baneberry Ave, S Deer Park Dr, Trading Post Rd, S Ash Grove Ave$724

Insurance rates are influenced by a number of factors including:

  • Year Built: 10,081 Homes (15% of total homes ) built between 1970 to 1979 in Sioux Falls are paying home insurance between $1,091-$1,101. Places close to Sioux Falls, SD such as Pine Lakes Addition, Anderson, Springdale are more expensive by $49, $40, $88 respectively while Valley Springs and Worthing are cheaper by $29 and $26 respectively for similar homes.
  • Bedrooms: 12,219 4 bedrooms homes (18% of total homes ) in Sioux Falls are paying about $881. Areas near to Sioux Falls such as Pine Lakes Addition, Anderson, Springdale are costlier by $39, $33, $71 respectively whereas Meadow View Addition and Valley Springs are more economical by $35, $23 respectively for similar homes.
  • Auto Insurance Bundling: 19,817 Households (52% of all households) in Sioux Falls have 2 vehicles available and when it is bundled with home insurance you can save $134. Discounts for similar bundling in close by locations such as Pine Lakes Addition, Anderson, Springdale come to $140, $139, $145 respectively.
  • Senior Discounts: 15,025 seniors (more than 55 years) occupied housing units (39% of total) in Sioux Falls get discounts between $100 to $102. The comparative concessions in proximate regions such as Pine Lakes Addition, Anderson and Springdale are $105, $104 and $109 respectively.
  • New Homes discounts: New homes such as the 32,825 homes built between 2000 to 2009 in Sioux Falls can save $134 in contrast with Pine Lakes Addition ($140), Anderson ($139), Springdale ($145).

Sioux Falls Homeowners insurance Facts

  • Sioux Falls, SD has 38,109 owner occupied houses which is 61.6% of all units whereas Pine Lakes Addition, Anderson and Springdale have 100.0%, 100.0% and 89.71% respectively.
  • Sioux Falls, SD homeowners yearly insurance price at $673 is 0.45% of the typical house value of $151,100 which is in contrast with 0.31% in Pine Lakes Addition, 0.33% at Anderson & 0.26% in Springdale.
  • Homeowners in Sioux Falls, SD pay 2.45% of their income ($25,000 to $29,999) in insurance whereas homeowners in Split Rock, Harrisburg and Delapre pay 2.67%, 2.46% and 2.59% respectively.
  • Sioux Falls, SD’s insurance is 4.4% of monthly housing costs of $1,273/month, for owners with a mortgage compared to 3.18% in Anderson, 3.15% at Springdale & 4.29% in Meadow View Addition. But, for households without a mortgage, insurance is 13.1% of costs ($427 in Sioux Falls, SD) in contrast with 11.87% in Anderson, 11.58% at Springdale & 27.75% in Meadow View Addition.

Sioux Falls, SD Home Values & Insurance rates

For example, insurance for 2,444 Homes (6.0% of total homes ) valued between $250,000 to $299,999 in Sioux Falls, SD is about $1,224. Rates in nearby areas in such as Anderson, Springdale, Wayne are cheaper by $324, $527, $367 respectively while Minnehaha County and Hartford are costlier by $19 and $17 respectively for similar homes.

Sioux Falls, SD Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 2,870 7.0% $107
$50,000 to $59,999 411 1.0% $228
$60,000 to $69,999 620 1.0% $289
$70,000 to $79,999 805 2.0% $329
$80,000 to $89,999 1,375 3.0% $376
$90,000 to $99,999 1,544 4.0% $417
$100,000 to $124,999 4,744 13.0% $484
$125,000 to $149,999 6,425 17.0% $605
$150,000 to $174,999 5,890 16.0% $720
$175,000 to $199,999 3,323 9.0% $834
$200,000 to $249,999 3,672 10.0% $1002
$250,000 to $299,999 2,444 6.0% $1224
$300,000 to $399,999 2,151 5.0% $1554

Renters Insurance in Sioux Falls

  • Average Renters Insurance in Sioux Falls :  $118($9/month)

  • Median Gross Rent in Sioux Falls :  $703

  • Sioux Falls Renters Insurance to Median Rent Ratio:  1.28%

  • Renter occupied housing units in Sioux Falls :  23,733

Sioux Falls Renters Insurance as a Percentage of Rent

Sioux Falls Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 433 1.0% $329
$200 to $299 525 2.0% $779
$300 to $499 2,731 11.0% $1229
$500 to $749 9,491 41.0% $1904
$750 to $999 6,097 26.0% $2654
$1,000 to $1,499 2,981 13.0% $3779
$1,500 or more 663 2.0% $5429

Rent Affordability in Sioux Falls:

Approximately 36.0% (8,614) of households are spending more than 35% of their income on gross rent in Sioux Falls

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 3,471 14.0%
15.0 to 19.9 percent 3,518 14.0%
20.0 to 24.9 percent 3,389 14.0%
25.0 to 29.9 percent 2,764 11.0%
30.0 to 34.9 percent 1,977 8.0%
35.0 percent or more 8,614 36.0%

Sioux Falls Renters Insurance Discounts:

Sioux Falls Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Sioux Falls, SD Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 11,892 50.0% $11.8
2 vehicles available 6,602 27.0% $17.7
3 or more vehicles available 2,053 8.0% $23.6

Sioux Falls Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 1,353 5.0% $70
60 to 64 years 964 4.0% $56
65 to 74 years 1,006 4.0% $45
75 years and over 2,400 10.0% $35

Protective device discount in Sioux Falls Up to :  $17

Claims-free discount in Sioux Falls Up to :  $23