South Dakota Title Insurance Cost: What an Owner's and Lender's Policy Costs
An owner's title insurance policy on a $318,500 South Dakota home costs about $763, and the lender's policy issued with it about $50, under the filed rate schedule. The owner's policy rate is $3.50 per $1,000 up to $50,000, $3 per $1,000 from $50,000 to $100,000, $2 per $1,000 from $100,000 to $500,000, $1.75 per $1,000 from $500,000 to $1,000,000, $1.25 per $1,000 above $1,000,000, with a minimum premium of $100 (the price is rounded up to the next $1,000).
South Dakota title insurance by purchase price
| Purchase price | Owner's policy | Lender's policy (issued together) | Both policies |
|---|---|---|---|
| $150,000 | $425 | $50 | $475 |
| $200,000 | $525 | $50 | $575 |
| $250,000 | $625 | $50 | $675 |
| $300,000 | $725 | $50 | $775 |
| $350,000 | $825 | $50 | $875 |
| $400,000 | $925 | $50 | $975 |
| $450,000 | $1,025 | $50 | $1,075 |
| $500,000 | $1,125 | $50 | $1,175 |
| $600,000 | $1,300 | $50 | $1,350 |
| $700,000 | $1,475 | $50 | $1,525 |
| $800,000 | $1,650 | $50 | $1,700 |
| $1,000,000 | $2,000 | $50 | $2,050 |
South Dakota uses filed rates: each underwriter files its own rate manual with the state insurance department, so premiums differ by a few hundred dollars from one title company to another. The schedule below is one underwriter's filed rate. Schedule shown: Stewart Title Guaranty Company.
South Dakota title insurance calculator
Enter a purchase price to see the owner's and lender's policy premiums from the filed South Dakota rate schedule.
Who pays for the owner's policy
Who pays for the owner's policy in South Dakota is negotiable in the purchase contract. South Dakota does not mandate a payer for title insurance by law; allocation follows the sale contract and local closing custom.
When the owner's and lender's policies are issued together at closing, the lender's policy is charged at the reduced simultaneous-issue rate (a flat $50); that is the lender figure used on this page.
Title insurance at the county median price
The rate schedule is statewide; what changes from county to county is the home price. The ten most populous counties are shown; every South Dakota county is in the list below.
| County | Median home price | Owner's policy |
|---|---|---|
| Brookings County | $246,300 | $619 |
| Brown County | $212,900 | $551 |
| Codington County | $218,000 | $561 |
| Davison County | $190,000 | $505 |
| Lawrence County | $310,800 | $747 |
| Lincoln County | $323,500 | $773 |
| Meade County | $274,800 | $675 |
| Minnehaha County | $266,600 | $659 |
| Pennington County | $270,400 | $667 |
| Yankton County | $208,200 | $543 |
All 66 South Dakota counties
- Aurora County
- Beadle County
- Bennett County
- Bon Homme County
- Brookings County
- Brown County
- Brule County
- Buffalo County
- Butte County
- Campbell County
- Charles Mix County
- Clark County
- Clay County
- Codington County
- Corson County
- Custer County
- Davison County
- Day County
- Deuel County
- Dewey County
- Douglas County
- Edmunds County
- Fall River County
- Faulk County
- Grant County
- Gregory County
- Haakon County
- Hamlin County
- Hand County
- Hanson County
- Harding County
- Hughes County
- Hutchinson County
- Hyde County
- Jackson County
- Jerauld County
- Jones County
- Kingsbury County
- Lake County
- Lawrence County
- Lincoln County
- Lyman County
- Marshall County
- McCook County
- McPherson County
- Meade County
- Mellette County
- Miner County
- Minnehaha County
- Moody County
- Oglala Lakota County
- Pennington County
- Perkins County
- Potter County
- Roberts County
- Sanborn County
- Spink County
- Stanley County
- Sully County
- Todd County
- Tripp County
- Turner County
- Union County
- Walworth County
- Yankton County
- Ziebach County
Title insurance in South Dakota cities
| City | Median home price | Owner's policy |
|---|---|---|
| Sioux Falls | $271,400 | $669 |
| Rapid City | $270,000 | $665 |
What the two policies cover
The owner's policy protects your equity against title defects that predate your purchase: undisclosed liens, forged deeds, missing heirs, recording errors. The lender's policy protects only the mortgage lender for the loan amount and is required by nearly every lender. Premiums are one-time and paid at closing. Because underwriters file competing rates, getting two quotes at your purchase price is worth a few hundred dollars.
Frequently asked questions
How much is title insurance in South Dakota?
On a $318,500 home, the South Dakota median, an owner's title policy costs about $763 under the filed rate schedule, and the lender's policy issued with it costs $50, so both policies together are about $813. The premium rises with the purchase price; the table on this page shows it from $150,000 to $1,000,000.
Who pays for title insurance in South Dakota?
Who pays for the owner's policy in South Dakota is negotiable in the purchase contract. South Dakota does not mandate a payer for title insurance by law; allocation follows the sale contract and local closing custom.
Is title insurance a one-time cost?
Yes. Both the owner's policy and the lender's policy are paid once at closing and cover the property for as long as you (or your lender) hold an interest in it. There are no annual premiums.
Can I shop for title insurance in South Dakota?
Yes. South Dakota underwriters file their own rate manuals, so premiums differ by company; ask two or three title companies for a quote at your price and compare their settlement fees as well.
Sources
Rates as filed or promulgated, checked September 22, 2026. Premiums are computed from the schedule above and rounded to the dollar; endorsements, settlement fees and search fees are separate. All sources.
See all South Dakota buyer closing costs →
Premiums are computed from the rate schedule cited above and rounded to the dollar; your title company's quote may add endorsements, search and settlement fees. This is general information, not financial advice.
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