Author Amy Stockberger | Founder, Amy Stockberger Real Estate | Creator, Lifetime Home Support™ Academy | Ranked the #1 Real Estate Team in South Dakota since 2017 and #33 in the Nation by Real Trends
When you’re buying a home in Sioux Falls, SD, get an insurance quote while you’re still comparing properties. If you already own a home, use your next renewal to see what another carrier would charge for similar coverage.
How much difference could it make? In its September 2026 Mortgage Monitor, Intercontinental Exchange (ICE) found that homeowners who switched private insurance carriers saved $440 a year on average compared with homeowners who stayed with their carrier. That’s a national benchmark. The savings for your home will depend on the quotes you receive.
Why This Matters in Sioux Falls, SD
If you’re weighing an older home near McKennan Park against a newer home on the west side, ask for an insurance quote for each address. Share the age and material of the roof, along with any documented upgrades. Ask how the policy would pay for roof damage after a hailstorm and what deductible would apply. Those details can make a difference when two quotes look similar on price.
Nationally, property insurance accounted for 9.6% of the average monthly mortgage payment in ICE’s report. Premiums were still rising, but the quarterly increase slowed from 4.3% in Q2 2024 to 1.8% in Q2 2026.
Chart by Keeping Current Matters using ICE Mortgage Monitor data.
3 Ways to Compare Homeowners Insurance Quotes
1. Get quotes for the specific property
If you’re buying, request quotes early enough to include the premium in your monthly budget before closing. If you already own the home, use your current policy’s declarations page as a starting point for comparing quotes before renewal.
ICE found that premiums fell 6.6% on average for homeowners who switched carriers and rose 10.4% on average for those who stayed. Among switchers, deductibles also fell 1.4% and coverage limits rose 7.3% on average.
Graphic by Keeping Current Matters using ICE Mortgage Monitor data.
2. Compare what each policy would pay after a claim
Ask each agent to quote similar dwelling and liability limits. Then compare the annual premium, the standard deductible, any separate wind or hail deductible, and whether roof damage is settled at replacement cost or actual cash value. If one quote is much lower, ask the agent to explain which coverage terms account for the difference.
3. Price insurance when comparing newer and older homes
John Burns Research and Consulting found that, nationally, homes built in 2020 or later cost 10% to 15% less per square foot to insure than homes built between 1980 and 2010. If you’re comparing newer construction with an established home in Sioux Falls, SD, use the quotes for those two addresses to see what the difference would mean for your budget.
How Amy Stockberger Real Estate Can Help
Through Lifetime Home Support™, we can connect you with local insurance professionals on our Home Support Team, including Plains Insurance Group and Jensen Insurance. Whether you’re buying or reviewing your renewal, a local agent can walk you through the coverage, deductibles, and exclusions in each quote. Explore our Home Support Team Partners.
Clients also have access to VIP moving resources and the Lifetime Home Hub™, where they can build a photo inventory of their belongings for insurance records. Explore the Lifetime Home Hub™.
Local Resources to Explore
Ready to Take the Next Step?
Planning a move in Sioux Falls, SD? Tell us what you’re looking for, and we’ll help you compare homes and connect you with a local insurance professional so you can factor coverage into your budget. Connect with Amy Stockberger Real Estate.
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