Cheapest and Best Renters Insurance South Dakota Has to Offer as Rated by Customers in 2023
While it’s an insurance coverage that’s often overlooked, renters insurance is beneficial for all renters. Many renters assume their personal items will be covered under their landlord’s insurance if they experience a peril in their apartment. But that’s unfortunately not true! While your landlord’s insurance covers the structure of the building you’re living in, you’ll need renters insurance if you want coverage for your personal items you bring into the apartment — your TV, furniture, etc. Plus, liability issues also aren’t covered without renters insurance.
So if you want to ensure you’re properly covered while renting, it’s important to find one of the best South Dakota renters insurance companies. But where do you start? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best South Dakota renters insurance rankings.
Interested in learning more about one of the companies on the list of the best renters insurance companies in South Dakota? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.
On this page:
- South Dakota renters insurance rates
- Renters insurance for South Dakota college students
- South Dakota property crime statistics
As you’re shopping for renters insurance in South Dakota, you may want to get quotes from multiple different companies because rates can vary by company. Some companies may offer renters insurance in South Dakota for a cheaper rate than others. In the table below, you can see average annual South Dakota renters insurance rates from some of the largest companies in the state.
|Company||Average renters insurance rates|
|American Family Insurance||$108.31|
|Farm Bureau Property & Casualty Insurance Company (FBPCIC)||$111.19|
|Farmers Mutual Insurance Company of Nebraska||$121.00|
These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in South Dakota will differ. Rate data is provided by Quadrant Information Services.
If you’re attending a college or university in South Dakota, you may decide to rent an off-campus apartment. There are a few things for college students renting housing in South Dakota to consider in order to protect their personal belongings.
Typically, college students who live in dorms located on the college campus are covered by their parents homeowners insurance policy. That’s usually only the case for students who live on campus, though. South Dakota college students who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection.
College students will most likely have roommates in the apartment they rent. It’s not advised that students share renters insurance policies with roommates. Rather, each student should have their own renters insurance policy to protect their own belongings.
Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in South Dakota compare to other states around the country? The FBI published the following statistics on crime in South Dakota for 2016:
- Property crime - 17,141
- Burglary - 3,000
- Larceny theft - 12,639
When compared to the national average rate per 100,000 inhabitants, all three crime statistics for South Dakota rank below the national average.
How to save money on your renters insurance in South Dakota
While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your South Dakota renters insurance premium and have some extra spending money?
Here are the top 5 ways to save on your renters insurance:
- Raise your deductible
- Ask about potential discounts
- Bundle your policies
- Determine the value of your personal property
- Pay in full by check
How Clearsurance rates and ranks the best renters insurance companies in South Dakota
Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.
The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.
Renters insurance guide
As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in South Dakota, it’s important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing.
We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.