Sioux Falls Home Insurance Costs (2026)

How much is homeowners insurance in Sioux Falls?

Homeowners insurance in Sioux Falls averages $273 a month for the house we priced, with rates as of Sept. 30, 2026. The 5 major insurers we compared are Farmers Mutual of Nebraska, American Family, Farmers, State Farm and Auto-Owners, and each one priced our sample home in all 7 Sioux Falls ZIP codes in our data, in Minnehaha County and Lincoln County. For this house, Sioux Falls is below the South Dakota average of $313 a month; it’s the only South Dakota city in our data with at least 5 ZIP codes priced.

Our figures are for a $300,000 dwelling, which works out to about $10.90 a year for each $1,000 of dwelling coverage in Sioux Falls; insuring a larger or costlier house for more usually costs more, though not always in step with the limit.

For the same insurers and ZIP codes, the Sioux Falls average rose 14.6% since Nov. 2025, from $2,855 a year ($238 a month) on Nov. 30, 2025, to $3,271 ($273) on Sept. 30, 2026, as Auto-Owners’ rose 92.6%, American Family’s fell 2.7% and the other insurers’ prices didn’t change.

Homeowners insurance averages by insurer in Sioux Falls for our sample home (rates as of Sept. 30, 2026)

Farmers Mutual of Nebraska averaged $210 a month ($2,524 a year), American Family $234 ($2,807), Farmers $271 ($3,249), State Farm $274 ($3,286) and Auto-Owners $374 ($4,488) for our sample home.

Same sample home: each insurer’s average yearly price in the same Sioux Falls ZIP codes, Nov. 30, 2025 and Sept. 30, 2026

All 5 insurers in the table priced the same 7 Sioux Falls ZIP codes on both dates.

By ZIP code: each insurer’s yearly price for the same house changed with the Sioux Falls address:

• Farmers Mutual of Nebraska ran from $2,440 a year in 57108 to $2,538 in 6 ZIP codes, including 57103.
• American Family ran from $2,698 a year in 2 ZIP codes, including 57103 to $2,970 in 57107.
• Farmers ran from $3,178 a year in 57103 to $3,492 in 57108.
• State Farm ran from $3,245 a year in 57107 to $3,400 in 57108.
• Auto-Owners ran from $4,393 a year in 57105 to $4,585 in 57104.

Who has the cheapest homeowners insurance in Sioux Falls?

Farmers Mutual of Nebraska had the lowest home average for our sample home of the insurers anyone can buy from, $210 a month ($2,524 a year), 10.1% below American Family’s $2,807 a year, the next of those insurers. It may not be the lowest for your house, so compare a few quotes.

What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. In Sioux Falls, ZIP code averages for this house ran from $269 to $277 a month, while insurers’ Sioux Falls averages ran from $210 to $374.

If prices stayed where they are today, the $1,964-a-year gap between the lowest and highest averages among the insurers anyone can buy from in Sioux Falls would add up to $9,820 over five years for this house.

Same house, different city: how does Sioux Falls compare?

Sioux Falls is the only South Dakota city in our data with at least 5 ZIP codes priced, so the table compares it with the state as a whole.

Same sample home: average home insurance prices in Sioux Falls and the South Dakota average (rates as of Sept. 30, 2026)

Each city covers the ZIP codes in our rate data with that city as their main mailing address; every row prices the same house.

Across the U.S., 157 of the other 291 cities in our data with at least 5 ZIP codes priced have a lower average for this house than Sioux Falls, and 134 a higher one.

For the statewide picture, see home insurance costs in South Dakota.

Compare all states: home insurance costs for the same house in all 50 states and D.C.

Is $200 a month a lot for home insurance in Sioux Falls?

$200 a month is less than our sample home costs in Sioux Falls: $273 a month. None of the 5 insurers we compared averaged under $200 for it; the lowest averaged $210. If a quote for your home is near $200, compare its dwelling limit and deductibles with ours ($300,000 and $1,000) before you decide.

What is the 80% rule in homeowners insurance?

A consumer guide from the National Association of Insurance Commissioners, the group of state insurance regulators, explains that many policies reduce a partial-loss payment if you insure for less than 80% of your home’s replacement cost, the cost to rebuild it. For our $300,000 sample house, that’s at least $240,000, so check your limit against a current rebuilding cost, not the home’s market value.

How do wind and hail deductibles work in Sioux Falls?

Your deductible is the amount you pay out of pocket on each claim before your insurer pays. The house we priced has a $1,000 deductible for covered losses other than a hurricane, including wind and hail. Our sample home request also includes a 2% hurricane deductible, a setting we use in every state; real Sioux Falls policies may use a separate wind and hail deductible, so ask for yours.

Your wind and hail deductible in dollars (illustration only)

The table shows deductibles, not premiums. At 2%, the deductible on our sample home’s $300,000 dwelling is $6,000, more than the $3,271 a year that house averages in Sioux Falls.

A higher deductible usually lowers your premium, so weigh the lower price against the bigger bill you’d face after a storm.

What if an insurer won’t renew your Sioux Falls home?

Read the notice and your policy’s own cancellation and nonrenewal terms, then start shopping right away. If a notice doesn’t make sense to you, or you need help with a claim, call the South Dakota Division of Insurance at 605-773-3563.

In our data, every insurer we compared priced our sample home in all 7 Sioux Falls ZIP codes.

How much is condo insurance in Sioux Falls?

Condo insurance for our sample condo averages $27 a month ($318 a year) in Sioux Falls. For our sample condo, prices among the 5 insurers we compared ranged from $18 to $52 a month, a $34-a-month gap for the same coverage.

Condo insurance averages by insurer in Sioux Falls for our sample condo (rates as of Sept. 30, 2026)

Farmers Mutual of Nebraska averaged $18 a month ($215 a year), State Farm $19 ($231), Auto-Owners $21 ($254), Farmers $22 ($266) and American Family $52 ($622) for our sample condo.

Farmers Mutual of Nebraska had the lowest condo average for our sample condo of the insurers anyone can buy from, $18 a month ($215 a year), 6.9% below State Farm’s $231 a year, the next of those insurers. Your unit may price differently, so get a few condo quotes.

American Family’s condo average is about 2.6 times the other insurers’ average; without it, Sioux Falls’ condo average would be $20 a month ($241 a year).

Sioux Falls’ condo average is about the same as the South Dakota condo average of $319 a year ($27 a month) and 34.0% below the average of the 50 states and D.C., $481 a year ($40 a month). Among the 292 U.S. cities in our data with at least 5 ZIP codes priced, 14 have a lower condo average for our sample condo than Sioux Falls, 277 a higher one. Each insurer’s Sioux Falls condo average for our sample condo is within $1 a month of its South Dakota average. Our sample condo’s policy costs about 10% of what our sample home costs to insure in Sioux Falls.

For the same insurers and ZIP codes, the Sioux Falls condo average fell 0.5% since Nov. 2025, from $319 to $318 a year, as Auto-Owners’ fell 22.6%, American Family’s rose 11.9% and the other insurers’ prices didn’t change.

By ZIP code, the Sioux Falls condo average for our sample condo ran from $26 a month in 57106 to $27 in 57107.

Each insurer’s yearly condo price for our sample condo by Sioux Falls ZIP code:

• Farmers Mutual of Nebraska charged $215 a year in every Sioux Falls ZIP code it priced.
• State Farm charged $231 a year in every Sioux Falls ZIP code it priced.
• Auto-Owners ran from $253 a year in 57106 to $254 in 6 ZIP codes, including 57103.
• Farmers charged $266 a year in every Sioux Falls ZIP code it priced.
• American Family ran from $600 a year in 57106 to $631 in 57107.

Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. The owner is 40, single, has good credit and no claims in 10 years.

• $60K unit coverage
• $60K belongings
• $1,000 deductible
• Built 2005

Which part of a Sioux Falls condo is yours to insure?

The association’s master policy covers the building, and your condo policy covers what the declaration and master policy leave to you. In our sample policy, $60,000 covers the inside of the unit and $60,000 your belongings, and that package averages $27 a month in Sioux Falls.

What to check with your HOA before you buy condo insurance

• The master policy: ask the association or manager for its certificate of insurance and declarations page.
• Bare walls or more: find out whether it stops at the bare walls or also covers fixtures and finishes; that sets your unit coverage.
• The master deductible: ask how large it is and whether the association can pass part of it to owners after a storm.
• Loss assessment: ask your insurer how much loss assessment coverage your policy includes (it can pay your share if the association bills owners for a covered loss to shared parts of the building).

Official resources for Sioux Falls homeowners

• National Weather Service Sioux Falls: May 12, 2022 derecho Wind reports and damage from the derecho across the Sioux Falls area.
• City of Sioux Falls: is my property in a floodplain? How to check a property for floodplain status.
• South Dakota Division of Insurance Consumer help, complaints and licensed insurers. Consumer line: 605-773-3563.
• National Weather Service The National Weather Service event summary (July 23, 2010).
• National Association of Insurance Commissioners: homeowners guide Coverage basics and the 80% rule.
• FEMA Flood Map Service Center The official source for FEMA flood maps.
• FloodSmart FEMA’s site for the National Flood Insurance Program.