How Much Does Auto Insurance Cost in North Dakota? If you’re looking for cheap auto insurance in North Dakota, consider local averages to get an idea of what you might end up paying. The average cost of auto insurance in North Dakota is $ 285 and $ 1,264 per year for minimum coverage and full coverage, respectively, according to Bankrate’s 2021 survey of annual rated premiums. While averages can give a good idea, it’s important to remember that prices can vary widely on either side of the average. This price range is one more reason to look for savings whenever they are available.
When it comes to auto insurance premiums, every detail counts, so it can be helpful to understand what influences your rates. Seeing how things like location or age can affect costs helps customers make more informed purchases when trying to find the best auto insurance policy for them.
How Much Does Auto Insurance Cost in North Dakota?
Auto insurance premiums are calculated using a wide range of variables. Age, address, driving record, insurance score, vehicle information and more can be used by insurance companies to determine rates. Still, knowing the different average rates per state can help paint a more informed picture. For example, when you consider North Dakota auto insurance rates, the average cost of minimum coverage is $ 285 per year and the average cost of full coverage is $ 1,264 per year. In contrast, the US average is $ 1,674 per year for full coverage. But how much does auto insurance in North Dakota cost per month? Per month for full coverage the average is $ 105 and for minimum coverage it is $ 24.
But just knowing you’re paying less on average in North Dakota may not be enough. There are often ways to save more on can insurance. Auto insurance cost reduction strategies can include everything about the company you choose, the discounts you qualify for, and the type of coverage and limits you want.
North Dakota Auto Insurance Rates by Company
Each auto insurance company calculates its own rates, often using its own proprietary systems. The difference between them is enough to appear when their average rates are considered together. Below is a table of the top auto insurance companies in North Dakota, along with the average annual North Dakota auto insurance rates for each company.
|Auto insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Allstate||$ 460||$ 1,827|
|American family||$ 263||$ 819|
|Car owners||$ 281||$ 1,334|
|Farmers||$ 188||$ 990|
|Geico||$ 241||$ 1,122|
|Grinnell Mutual||$ 334||$ 1,779|
|MetLife||$ 525||$ 2,734|
|At national scale||$ 262||$ 1,090|
|Nodak||$ 164||$ 1,294|
|Mutual Etoile du Nord||$ 220||$ 1,434|
|Progressive||$ 370||$ 1,129|
|QBE||$ 440||$ 1,184|
|State farm||$ 284||$ 1,224|
|United States||$ 180||$ 815|
North Dakota Auto Insurance Rates by City
Average auto insurance rates in North Dakota can vary widely from city to city and sometimes within cities. Based on population size, the top twenty cities were compared by average auto insurance rates. These rates were then measured against the state average for auto insurance rates in North Dakota.
|City||Average annual premium for full coverage||% increase over the average annual state premium|
|Large fork||$ 1,100||-13%|
|Fargo West||$ 1,072||-15%|
|Devils Lake||$ 1,247||-1%|
|Valley town||$ 1,201||-5%|
|Minot AFB||$ 1,194||-6%|
|New city||$ 1,342||6%|
|Town of Watford||$ 1,325||5%|
North Dakota Auto Insurance Rates by Age
Age is one of the main pieces of information that goes into calculating auto insurance premiums. On average, the youngest and oldest drivers are more likely to be the victims of automobile accidents or to commit traffic violations. As a result, providers charge these age groups based on the cost of insurance.
* 16 years calculated on the disclosure of the parents’ policy; 18 and 20 year olds are tenants
North Dakota Auto Insurance Rates by Driving Record
Driving records and past infractions are two key variables used to determine rates. However, not all traffic violations have the same impact on premiums. For example, DUIs typically raise rates much more than speeding tickets. Knowing the cost of certain infractions can help encourage drivers to adopt safer driving habits.
|Driving incident||Average annual premium for full coverage in North Dakota||% increase in average annual premium|
How To Save On Auto Insurance In North Dakota
Beyond choosing where you live, there are often several ways to save on auto insurance. When trying to find the best cheap auto insurance in North Dakota, it helps to combine several strategies for saving money. Everything from discounts to policy details to basic demographics can play a role in lowering costs.
- Take advantage of discounts: Many auto insurers offer discounts. These savings can be linked to different requirements. Rewards for paperless billing, safe driving history, policy bundling, and vehicle safety features are some common examples. The more discounts you get and use them, the more you can save on your rates.
- Reduce coverage: If you have more than the amount of auto insurance required by law, you can lower your coverage limits. This will lower your premiums, but it is essential to note that this comes at the cost of reduced financial security around your vehicle.
- Increase deductibles: Higher deductibles can often result in lower rates, but it can be a risky method. You must pay out of pocket an amount equal to your deductible before your insurance policy makes any payments on a claim. So a higher deductible will save you on rates, but cost you more if you have to file a claim.
- Wait and drive carefully: The driving record is one of the main factors that contributes to the calculation of auto insurance rates. By spending a lot of time (usually 1 to 3 years) staying free from traffic violations or insurance incidents, you can often reduce your costs.
Frequently Asked Questions
How Much Car Insurance Do I Need in North Dakota?
All but three states have auto insurance minimums required by law. In North Dakota, these minimums are $ 25,000 in personal injury liability per person, $ 50,000 in accidental bodily injury liability and $ 25,000 in accidental property damage liability. In addition to this, North Dakota requires uninsured motorist insurance of at least $ 25,000 per person and $ 50,000 per accident.
What is the best auto insurance in North Dakota?
The best auto insurance for one driver is not always the best auto insurance for another driver. The rates are so individualized and the policies can make it so that two clients do not have exactly the same experience, even with the same companies and types of insurance. This is one of the reasons why it is recommended to compare many providers when researching a policy. Consider starting with the best auto insurance companies for 2021.
Can I save on auto insurance when moving?
Typically, the costs of moving far exceed the savings one could achieve on their auto insurance policy. If you are already considering a move, it won’t hurt to check the average postal code rates in your city. If there are two places you plan to live and one has a zip code with cheaper rates, this can help inform your decision.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 in civil liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.
These are sample rates and should be used for comparison purposes only.
Age: The rates were calculated by evaluating our baseline profile with ages 18-60 (baseline: 40) applied. Depending on the age, drivers can be renters or owners.
Incident: The rates were calculated by evaluating our basic profile with the following incidents applied: clean criminal record (basic), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.