How much is Flood Insurance in South Dakota?
The average cost per policy in South Dakota through the NFIP is $976.56. Depending on where you live, this average could vary substantially! Premiums can change depending on your deductibles, the cost of your home and contents inside your home. The Top 10 most populated cities in South Dakota are listed below with their average cost per policy through the NFIP. If you're interested in a quote for a private flood insurance policy to compare costs, we offer a 100% online quote process.
Average Costs through the NFIP
Average Cost per Policy
Prices as of Dec, 2022.
Our private flood insurance averages are much lower than those shown above! Get a quote online and find out how much we can save you.
Not interested in private flood, or not sure whether you should choose an NFIP policy or a private flood insurance policy? We offer both! Give us a call and we'll answer all of your questions.
Our Prices are Consistently Lower!
Does my homeowners insurance cover flooding?
Standard homeowner's insurance generally excludes flood coverage. Obtaining a flood insurance policy is typically left up to the homeowner. If you're looking to get a policy, we offer a 100% online process. You can get a quote started here!
Do I need flood insurance in SD?
You do not need to live near water to be flooded. Floods are caused by snow melt, hurricanes, water backup, storms, etc. Don't wait until a big storm is looming on the horizon or flooding is in the forecast to look into flood insurance. Consider that 20% of flooding happens in areas considered low-risk for floods.
Find out if you're in a flood zone! Enter your address on our FEMA Flood Zone Map lookup tool.
If you're ready to get coverage from the most common natural disaster, the first step is obtaining an instant flood insurance quote. Simply click the button below to get started! If you're happy with the price, you can pay online instantly and go from quote to covered in as little as 5 minutes!
How to Get Flood Insurance Without a Flood Elevation Certificate.
Quality flood insurance is available without the added expense and trouble of getting an elevation certificate. FloodPrice can compare the rates for both private flood insurance and the NFIP to make sure you are getting the right coverage for the best price. Check out our quote page now to find out what coverage we can offer.
Risk Rating 2.0 Pricing in South Dakota.
FEMA's flood program through the NFIP has begun using a new pricing methodology, Risk Rating 2.0. This will result in a price change for 96% of policyholders. This will impact nearly all of the 3,700 NFIP policies in force in South Dakota.
New NFIP Policyholders can expect to see these changes October 1st, 2021. If you're an existing policyholder, these rate changes won't affect you until April 1st, 2022.
If you already have a policy through the NFIP, be sure to compare the Risk Rating 2.0 price to a Private Flood Insurance quote. You could possibly save hundreds of dollars. The time to start comparing prices on your flood insurance is before your policy is set to renews.
The NFIP does not allow mid-term cancellations. This means that once your policy renews, you have no option to cancel it unless you meet very restrictive guidelines, such as the sale of your home. The process can be difficult and frustrating. Here is a link to the guidelines to cancel an NFIP policy mid-term: FEMA Cancellation Form.
What is not covered by the NFIP?
Debris removal, additional living expenses, and belongings located in your basement, aren't covered. You would be required to purchase a secondary policy to cover appurtenant structures, such as a detached garage or shed. Visit their website to see more details on what the NFIP covers.
If you'd like to be free from these limitations and have more options for coverage, consider getting flood insurance from FloodPrice,
*60% of NFIP policy holders in South Dakota (2,243 policies) will see an average increase of $0-$120 per year. 5% of policyholders (192 policies) will see an increase of $120-$240 per year. 4% of policyholders (160 policies) will see an increase of greater than $240 per year. Source: https://www.fema.gov/sites/default/files/documents/fema_south-dakota-state-profile_03-2021.pdf