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Best homeowners insurance companies in North Dakota for 2024
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare the best homeowners insurance companies in North Dakota
North Dakota homeowners pay an average of $1,900 per year for home insurance, substantially more than the national average of $1,428. Based on our research, though, three of the four best North Dakota homeowners insurance companies have rates lower than the state average. And although cheap home insurance is a perk, we also looked at other factors — like customer satisfaction scores from J.D. Power, available coverage types and discounts — to choose companies that are impressive in more than just their prices. If you’re shopping for the best homeowners insurance in North Dakota, you may want to get quotes from these companies:
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---|---|---|---|---|
634
/1,000 |
$251
|
$3,009
|
||
631
/1,000 |
$209
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$2,510
|
||
643
/1,000 |
$186
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$2,233
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638
/1,000 |
$130
|
$1,556
|
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635
/1,000 |
$186
|
$2,229
|
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Bankrate's trusted insurance industry expertise
Read our full methodologyThe home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.
46
years of industry expertise
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The top 5 home insurance companies in North Dakota
Best for discounts
4.6
4.6
Avg. premium for $300K dwelling
$251/mo
Avg. premium for $300K dwelling
$3,009/yr
Customer satisfaction
634/1,000
-
Why Auto-Owners made our list: Auto-Owners may not be the most widely-known home insurance company, but it is available in 26 states and offers a unique blend of low average rates, excellent financial strength and above-average customer satisfaction scores. Auto-Owners operates through local independent agents, which may be appealing to some. However, the company doesn’t have an online quoting tool.
Who Auto-Owners may be good for: If you’re looking for a list of discounts to help you lower your premium even more, Auto-Owners might be a good choice. The company offers potential savings for being mortgage-free, having an automatic water shut-off system and owning a qualifying life insurance policy.
Best for personalized coverage
4.2
4.2
Avg. premium for $300K dwelling
$209/mo
Avg. premium for $300K dwelling
$2,510/yr
Customer satisfaction
631/1,000
-
Why Allstate made our list: Allstate is a widely recognized name in the insurance industry. The company boasts high financial strength ratings, offers several discounts and unique endorsements, and has local agents available for those who prefer to handle their insurance needs in person. Allstate’s customer and claims satisfaction ratings from J.D. Power aren't the best, though, which is something to bear in mind when you are shopping for coverage.
Who Allstate may be good for: Allstate might be a good choice if you are looking for unique coverage offerings, such as an endorsement for home-sharing programs.
Best for local agents
4.2
4.2
Avg. premium for $300K dwelling
$186/mo
Avg. premium for $300K dwelling
$2,233/yr
Customer satisfaction
643/1,000
-
Why State Farm made our list: State Farm is the largest home insurance company in the country by market share and is a household-name insurer. With Superior AM Best financial strength, an above-average J.D. Power customer satisfaction score and plenty of coverage options, State Farm easily made our list of top North Dakota homeowners insurance companies.
Who State Farm may be good for: If you prefer to handle your insurance needs in person rather than by phone or digitally, State Farm could be a good choice.
Best for unique add-ons
4.2
4.2
Avg. premium for $300K dwelling
$130/mo
Avg. premium for $300K dwelling
$1,556/yr
Customer satisfaction
638/1,000
-
Why American Family made our list: American Family is the 12th largest property insurance company in the nation by market share and has the fourth-highest J.D. Power customer satisfaction ranking on our list. It sells insurance in 19 states, and based on our research, its average rate is one of the cheapest in North Dakota.
Who American Family may be good for: American Family may be a good fit if you’re looking for unique add-ons to maximize your home’s protection. The insurer offers a variety of optional coverage types, including equipment breakdown matching siding protection and sump pump and water backup coverage.
Best for tight budgets
3.9
3.9
Avg. premium for $300K dwelling
$186/mo
Avg. premium for $300K dwelling
$2,229/yr
Customer satisfaction
635/1,000
-
Why Country Financial made our list: Another more regional carrier, Country Financial, operates in 19 states and has the third-highest J.D. Power customer satisfaction rating on our list, as well as a below-average premium and a high financial strength rating. Country Financial also offers flood insurance through CC Services and earthquake insurance, but it does not offer online quoting.
Who Country Financial may be good for: With an average annual premium below North Dakota’s average, Country Financial might be a good choice for shoppers on a tight budget who like to conduct their insurance business with a local agent.
Additional North Dakota home insurance companies to consider
Homeowners who want pre-packaged coverage options
Farmers Insurance is known for its customizable policies, allowing homeowners to tailor their coverage to their specific needs. This carrier might appeal to homeowners looking for a personalized insurance experience, with options to add coverage for eco-rebuilds, identity shield and more. Farmers could be an excellent choice for those who value flexibility in their policy and want to work with an insurer that offers a range of endorsements to enhance their home protection.
Homeowners with multiple insurance needs
Liberty Mutual stands out for its comprehensive standard policies and an extensive list of discounts, making it a viable option for homeowners looking to balance robust coverage with potential savings. This carrier may be especially suitable for those who appreciate an insurer that rewards safety features and responsible homeowner habits with discounted rates. Liberty Mutual could be considered by homeowners interested in leveraging discounts for multi-policy bundling, safety features installed in the home and being claims-free, to potentially lower their premium costs.
Cheapest home insurance companies in North Dakota
Finding affordable homeowners insurance in North Dakota can be challenging due to the state's unique environmental risks, including potential flooding and severe winter storms. However, being aware of the insurers that typically offer more competitive rates can help you make a cost-effective choice. Below, we've highlighted insurance companies known for offering lower average premiums in North Dakota. It's important to note that coverage options and exclusions, such as for wind or hail damage, can differ significantly between companies, locations and policy types, all of which can influence the overall cost of your insurance.
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$130
|
$1,556
|
- $1,266 |
|
North Star Mutual
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$133
|
$1,594
|
- $1,228 |
Nodak
|
$148
|
$1,773
|
- $1,049 |
$186
|
$2,229
|
- $593 |
|
$186
|
$2,233
|
- $589 |
How to get cheap North Dakota home insurance
Finding home insurance within your budget is important, but there are other considerations outside of price. When searching for the best cheap home insurance in North Dakota, you may want to consider these steps:
Best home insurance discounts in North Dakota
Home insurance discounts may be one of the easiest ways to lower your premium. North Dakota homeowners looking for lower rates might want to consider these common discounts:
How to save on home insurance policy renewals in North Dakota
When it comes time to renew your home insurance policy in North Dakota, there are several strategies you might consider to potentially reduce your premiums without compromising on coverage. Being proactive and informed can lead to significant savings:
- Review your policy annually: It's a good idea to assess your coverage needs each year, as changes in your life or property may mean you're paying for more coverage than necessary.
- Inquire about discounts: Many insurers offer discounts for various reasons, such as installing security systems, being claims-free or bundling multiple policies. It's worth asking your provider about any discounts that could apply to you.
- Increase your deductible: Opting for a higher deductible could lower your premium costs, but ensure it's an amount you could comfortably afford in the event of a claim.
- Improve your home's resilience: Upgrades to roofing, electrical and plumbing systems, as well as adding storm shutters, can not only make your home safer but may also qualify you for lower insurance rates.
- Compare quotes: Before renewing, it might be beneficial to shop around and compare quotes from different insurers to ensure you're getting the best rate for your coverage needs.
How much is home insurance in North Dakota?
In North Dakota, the average cost of homeowners insurance is $2,822 per year for a policy with $300,000 in dwelling coverage — much higher than the national average premium of $2,304 per year for the same coverage amount. Compared to homeowners in neighboring states, Minnesota homeowners pay an average of 9 percent less than North Dakota homeowners, at $2,578 per year. South Dakota homeowners pay an average of 1 percent more at $2,838 per year compared to North Dakota.
Home insurance premiums are determined by using several rating factors. Your ZIP code, credit score, claims history, marital status and home details are considered rating factors for home insurance rates in North Dakota. North Dakota’s higher-than-average insurance premiums could be partly due to the state’s common causes of loss, including wildfires, winter storms and tornadoes.
North Dakota homeowners insurance rates by city
Homeowners insurance rates in North Dakota can differ significantly from one city to another, influenced by local risk factors such as weather patterns, crime rates and proximity to emergency services. For instance, cities prone to flooding or with harsher winter conditions might see higher insurance costs. Below, we've provided a map and searchable data table to help you explore how rates vary across different cities within the state. This tool can offer valuable insights into the potential cost of insuring your home, depending on its location within North Dakota.
Even within states, homeowners in different cities may see different rates. If you live in an area where home damage is less common or less expensive to repair, you might enjoy lower average rates. Here are the five cheapest cities for North Dakota homeowners insurance, based on our analysis of average rates:
- West Fargo: $2,391 per year — 15 percent below state average
- Fargo: $2,435 per year — 14 percent below state average
- Grand Forks: $2,482 per year — 12 percent below state average
- Minot Afb: $2,483 per year — 12 percent below state average
- Grand Forks Afb: $2,514 per year — 11 percent below state average
Just like some areas have lower average rates, others have higher average rates. These five cities have the highest North Dakota home insurance premiums, which may mean they are more at risk for claims or have more expensive claims:
- Cannon Ball: $3,149 per year — 12 percent above state average
- Solen: $3,148 per year — 12 percent above state average
- Raleigh: $3,145 per year — 11 percent above state average
- Saint Anthony: $3,140 per year — 11 percent above state average
- Flasher: $3,139 per year — 11 percent above state average
What does home insurance cover in North Dakota?
In North Dakota, a standard HO-3 homeowners insurance policy offers a broad level of protection for your home, personal property and other structures on your property. The dwelling and other structures are typically covered on an open perils basis, meaning they are protected against all risks except for those explicitly excluded in the policy. On the other hand, personal property coverage under an HO-3 policy is generally based on named perils, which are specifically listed risks.
For homeowners in North Dakota, understanding the scope of coverage is crucial, especially given the state's susceptibility to certain natural events. Here are a few of the most relevant covered perils for North Dakota, taking into account the state's climate and environmental conditions:
- Weight of snow, ice or sleet: This coverage is particularly pertinent in North Dakota due to the state's harsh winters. It typically covers damage to your home's structure that might occur from the heavy weight of snow or ice accumulation, which is not an uncommon occurrence in the region.
- Hail or windstorms: Given North Dakota's location in the northern plains, it is prone to severe weather events, including hail and windstorms, especially during the spring and summer. This coverage could provide homeowners with peace of mind, knowing that damages from such storms are usually covered.
- Freezing of a heating, plumbing, fire sprinkler or air conditioning system or household appliance: The freezing temperatures common in North Dakota winters can cause significant damage to a home's heating, plumbing and air conditioning systems. Coverage for such perils typically includes damages due to the freezing and resultant bursting or cracking of these systems.
It's important for homeowners to review their insurance policies closely and consult with their insurance provider to understand the specific perils covered and any exclusions that may apply. This ensures that you have the appropriate coverage in place to protect your home against the risks most relevant to your location in North Dakota.
Additional home insurance coverage options in North Dakota
Homeowners in North Dakota can purchase a standard home insurance policy with common coverage types, like dwelling, personal property, liability, medical payments and loss of use. Most North Dakota home insurance policies offer optional endorsements and coverage you can use to tailor your policy to your specific needs, such as:
- Backup of sewer and drains: This coverage offers protection if something occurs to cause a clog or backup in your sewer or drains. It also provides coverage if your sump pump stops working and the water flows into your basement or lower level.
- Inflation protection: This endorsement helps your coverage limits keep up with inflation. At each renewal, your dwelling coverage automatically increases. This helps protect you if you have a substantial claim that could potentially go above your original coverage limit.
- Personal property replacement coverage: Without this endorsement, your home policy would pay depreciated value for your damaged personal property. By adding replacement cost coverage for your belongings, you can replace damaged or destroyed items with new items at current market value.
North Dakota homeowners may also want to consider flood insurance. Confirming how your policy covers wind, hail and water damage could also be worthwhile since severe weather is common.
Related content:
Common North Dakota home insurance problems
Homeowners in North Dakota may face several challenges when securing insurance due to the state's unique geographical and climatic conditions. The extreme weather patterns, including severe winters with heavy snowfall and potential spring flooding, can make finding comprehensive and affordable coverage more complex. Insurers may also consider the risk of hail and windstorms, which are relatively common in the region, when underwriting policies. These factors can lead to higher premiums and more stringent policy terms.
- High risk of flooding: Many areas in North Dakota are prone to flooding, especially during the spring thaw. Standard homeowners policies typically do not cover flood damage, requiring homeowners to purchase separate flood insurance, which can be an additional financial burden.
- Severe winter weather: The state's harsh winters pose risks like freezing pipes and the weight of snow or ice on structures, leading to potential exclusions or higher deductibles for winter-related damages in homeowners policies.
- Limited availability in rural areas: Homeowners in more remote or rural parts of North Dakota might find fewer insurance options available to them. Limited access to services and increased response times for claims can also be challenges in these areas.
Navigating these issues often requires homeowners to thoroughly research and compare insurance options, possibly consider additional coverage like flood insurance and implement preventive measures to mitigate risks and possibly lower insurance costs.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage levels:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Additional profiles:
- Coverage A, Dwelling: $150,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $35,000, $45,000, &75,000
- Coverage C, Personal Property: $75,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $30,000, $70,000, $90,000, $150,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
Bankrate Scores
Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
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Cost & ratings 50%
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Coverage & savings 30%
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Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.