Best homeowners insurance in North Dakota for 2023

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:

The top 4 home insurance companies in North Dakota

How Bankrate chose the best home insurance companies in North Dakota

To find the best homeowners insurance companies in North Dakota, Bankrate’s insurance editorial team used Quadrant Information Services to obtain 2023 premium information. We also reviewed J.D. Power’s 2022 U.S. Home Insurance Study, which ranked companies based on customer satisfaction. The providers included as the best home insurance companies in North Dakota were selected based on average premiums, policy options, discounts, customer service scores and financial strength ratings. These factors were used to calculate a Bankrate Score for each carrier, with five points being the highest score.

While coverage options, insurer availability, affordability and customer experience are often top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

How much is homeowners insurance in North Dakota?

In North Dakota, the average cost of homeowners insurance is $1,900 per year for a policy with $250,000 in dwelling coverage, much higher than the national average premium of $1,428 per year for the same coverage amount. However, North Dakota homeowners pay less, on average, than homeowners in neighboring states. Minnesota homeowners, for example, pay an average of $1,930 per year. And North Dakota homeowners enjoy much cheaper rates than South Dakota homeowners, who pay an average of $2,105 per year. On the other hand, Montana residents pay less than North Dakota homeowners, averaging $1,736 annually.

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.

How to find the best cheap home insurance in North Dakota

Finding home insurance within your budget is important, but there are other considerations outside of price. When you’re searching for the best and cheapest North Dakota home insurance, you may want to consider these steps:

1. Understand your needs: The first step in finding the right home insurance for you likely involves understanding what you are looking for. Do you want a company with stellar customer service? Are you looking for a specific endorsement? Would you like a local agent or a highly-rated mobile app?
2. Research companies: Once you know what you’re looking for in a company, you can begin to research carriers to find some that fit your needs. You may want to look at third-party scores, coverage types, digital tools and available discounts.
3. Work with an agent: Home insurance can be complex, and if you aren’t sure how much coverage you need, what kinds of coverage you need or what the coverage types mean, you may want to work with an agent to help guide you.
4. Obtain quotes: Most companies offer online quotes, but you may also need to call a company or visit a local agency. Once you have a few in hand, you can compare the quotes from a premium and coverage perspective to find the right fit.

Common home insurance discounts in North Dakota

Home insurance discounts may be one of the quickest ways to lower your premium. North Dakota homeowners looking for lower rates might want to consider these common discounts:

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.

Frequently asked questions