The average North Dakota driver will pay $686 a year
According to the Insurance Information Institute. Compared to the national average of $935 per year, car insurance in North Dakota is the least expensive state in the United States.
Car insurance companies take into account your location, age, gender, and driving history to calculate premium rates. Other factors such as credit score, marital status, vehicle type, previous coverage, and miles traveled can all play a role in how much you’ll pay for coverage.
There are opportunities to save by shopping and comparing coverage beyond the premium or the amount you would pay for coverage.
Minimum Auto Liability Insurance Requirements in North Dakota
Liability coverage is required by law. If you are involved in an accident, liability insurance covers the damage you cause to the other vehicle, the driver and its passengers. If you are financing or renting your car, the lender will likely require comprehensive coverage and collision coverage.
The two main components of liability insurance are bodily injury and property damage, which are required by most states. Liability insurance also includes coverage for uninsured drivers and uninsured drivers, to protect you when a driver at fault hits you and they don’t have coverage, or they don’t have enough coverage.
North Dakota requires physical, property, personal, uninsured and uninsured coverage, according to the Insurance Information Institute. The minimum liability requirement in North Dakota is 25/50/25, which means up to $25,000 in injury protection for each person involved in an accident, up to $50,000 in injuries per accident, and up to $25,000 in damages Damage to property for every accident.
Best cheap car insurance in North Dakota based on credit score
Consumer Reports compiled a list of all auto insurance pricing formulas from all companies in each state. I used one average adult driver to find the best rates in each state, and found that three companies came out on top for three different credit levels. Here are the top three companies and their average prices for coverage:
*USAA is only available to military, veterans, and their families
Average Premiums for Teen Drivers in North Dakota
Since teen drivers are new drivers with little driving history and are more prone to accidents, their rates are high. Most insurance companies offer discounts for teen drivers to get good grades or attend driving safety lessons.
According to Goosehead Insurance, the average annual premium for teen drivers in North Dakota is about $2,657 per year.
Car insurance rates in North Dakota by city
Where you live affects your premium. Those who live in urban areas pay more than those who live in rural areas. Below is the estimated average annual premium
Policies per household in North Dakota’s most populous cities:
Data from S&P Global Market Intelligence
Best Car Insurance in North Dakota Based on Customer Satisfaction
Customer satisfaction with auto insurance providers may be a factor in your decision. Customer satisfaction is determined by five factors: billing process, policy information, claims, interaction, policy offerings, and price. According to a 2021 survey by JD Power, a consumer research firm that surveys customers, these are the largest auto insurers in the Central region (which includes North Dakota):
Most Popular Auto Insurance Companies in North Dakota based on Market Share
Here are the most popular North Dakota auto insurance companies, based on the percentage of insured North Dakota drivers who use them:
* USAA is intended for active military personnel, veterans and their families only.
Data from S&P Global Market Intelligence
Who Gets the Best Car Insurance in North Dakota?
The drivers with the best car insurance rates will be those with the best credit. There are many other factors that can change how an insurance company rates your premium, including your age, gender, the type of car you drive, and where you live in North Dakota.
Another way to save is to shop – every insurance company rates different policies, and no two policies are the same. Prices vary greatly depending on whether you get liability coverage, comprehensive or collision coverage.
Consider the amount of coverage and the types of coverage included in your quote. Remember that you are looking for the largest coverage for your money. Don’t forget to look at the deductible, or the amount you would pay out of pocket if you had an accident.
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