When you ask how much is homeowners insurance in South Dakota, you may be happy to hear the answer. Homeowners insurance rates in South Dakota are among the most affordable rates in the country, with the average cost of homeowners insurance in South Dakota sitting at just over $1000 per year, which is just a few dollars shy of the nation’s average homeowners insurance rates. While the South Dakota average homeowners insurance rate sits at roughly $1000, some low-cost options go for as low as $580 per year. Your final premium will depend on various factors, including your area or city your property is situated in, the age and condition of the house, and some of your personal information such as credit and insurance history. When you are shopping for homeowners insurance in South Dakota, it might be tempting to clutch onto the cheapest policy options that you can find- but it is important to remember that the cheapest rates are not always in you or your property’s best interests. Homeowners insurance rates in South Dakota are cheaper than the national average rates, so it may be cost-effective to invest in an extensive homeowners insurance policy that offers your home a solid safety net. The cost of your policy will also be dependant on the city or area your property is in. For example, you could be paying more for the same premium if you lived in Belle Fourche (averaging $1449 per year) than if you lived in Huron ($1221 per year).