Home Insurance in Sioux Falls, SD
Protect your home with competitive rates for home insurance in Sioux Falls.
South Dakota's largest city, Sioux Falls is the seat of Minnehaha County and extends into Lincoln County, one of the fastest-growing urban centers in the United States. With a strong, diverse economy boasting service, agricultural, tourism and banking jobs, Sioux Falls has a 3.2% unemployment rate compared to the national average of 6.0% and a cost of living that is 9.3% lower than the national average.
Sioux Falls houses a population of over 200,000. in addition to tourists who travel to the metropolitan area from many places. Over 60% of Sioux Falls citizens live in owner-occupied housing. Locals and tourists can enjoy the Big Sioux River Falls, the Old Courthouse Museum and the Loess Hills. Most tourists visit during the warm summer months.
Sioux Falls is a midwestern city, which means it has a climate typical of that region. While summers bring high temperatures of around 85°F. winters can be cold, snowy and harsh, which means residents and tourists need to be prepared for severe winter weather. Due to its location, the city may also experience tornadoes, particularly during the spring and summer, which is peak tornado season.
All homeowners need some amount of home insurance coverage to protect themselves and their property. Most comprehensive home insurance plans include coverage for homeowner liability, the home's structure, property within the home and additional expenses. Using VIU by HUB can help you compare coverage to find the best policy for your property.
One of the biggest risks Sioux Falls homeowners need to be aware of is wind and storm damage. The primary risk factor is the damage caused by tornadoes. It's important to check whether your home insurance in Sioux Falls protects your property against this type of damage. The overall cost and toll of tornado damage varies depending on the severity of the storm and the amount of time before it dissipates.
Sioux Falls has a moderate flood risk level. As a midwestern city, Sioux Falls has a much lower risk of damage due to hurricanes. However, it is at elevated risk for shallow flooding due to the high levels of annual precipitation in the region. While there are measures in place to protect infrastructure and mitigate flood damage, flood insurance is still important for homeowners to have. Not all comprehensive insurance policies include flood insurance, so some homeowners need to purchase additional coverage.
Compared to the rest of the state, Sioux Falls has a relatively high property crime rate, with a one in thirty-five chance of becoming a victim, whereas your risk is one in fifty-three in the rest of South Dakota. This means homeowners need insurance to protect their property against crimes such as theft and arson.
In Sioux Falls, the average cost of home insurance is $2,525 annually or $210 per month. This is slightly higher than the national average. There are many reasons one location may have higher average insurance costs than another, including the cost of living, property crime rates, the size, location and value of a home and environmental or weather-related risk factors.
Because everyone has different property protection needs, homeowners need insurance policies for their unique circumstances. VIU by HUB offers an easy online tool for comparing home insurance in Sioux Falls, including providers, policies and coverage. Get started today and save money on your new policy.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
National Association of Counties
