North Dakota Auto Insurance

North Dakota is one of the least populated states with around a million people. However, it has one of the highest auto ownership ratios with just over one car per head. This is consistent with other scarcely occupied areas in the country where people may have to make private arrangements to solve transportation problems. It is a cycle; you cannot run cost effective public and private transport facilities when you don’t have large populations to support it. This in turn will push more and more people to owning private automobiles and less dependence on alternative transport.

Living costs are on the expensive side compared to many other regions. On the plus side, Number of Uninsured Drivers is at 9% and well below the average of 14% across the country. It is good to see that most people are sensible enough to get covered even though living costs are high. These motorists are a burden to the economy and policyholders since everyone else has to pay for the damages they cause. So, premiums would go down for everybody when more of those join in the pool and contribute.

North Dakota Auto Insurance Requirements

It has No-Fault rules, which are designed to keep small injury claims out of courts by requiring motorists to cover their own losses. However, it operates on a threshold basis. People can claim small injuries through their own policies but they can sue for larger amounts. It is mandatory to have basic liability coverage like most others. Here are the minimum Requirements;

  • $25,000 for bodily injury or death per person.
  • $50,000 total for bodily injury or death per accident.
  • $25,000 for property damage. 

North Dakota in PicturesAnd also you must have below limits for Uninsured Motorists and Personal Injury Protection to comply with no-fault requirements.

  • $25,000/$50,000 in uninsured motorist bodily injury coverage
  • $30,000 in personal injury protection

You can check the state website for more information. It is the source of valuable information, guidance and advice. They can help you fight against unjust practices in the market and find coverage if you are struggling to get anything affordable. You can also check company ratings as each publishes the complaints they receive from consumers. Commissioners are there to implement the laws, supervise the participants and help drivers in many ways, including directing them to helpful resources.

It is important that every consumer looks to find the best deal they can. Then, we would have a consumer driven market rather than a marketplace where companies can get away with expensive prices. There are many studies that show they try to figure out how many of their policyholders would stay put without checking alternatives at renewal so that they can charge more to those people.

So, you shouldn’t be an easy target and always see if you are paying too much for car insurance. There is no doubt that a large portion of household spending is spared for policies. When the premiums are high and life is expensive you have a higher chance of saving a decent amount of money.

Spending a few minutes online should help you see if you pay a fair premium. Comparison websites are great for getting quick quotes. It may not look to be the case but they are one of the easiest ways of going direct. It will take time to find each one. However, comparison websites will help you identify those more competitive names in no time.

Better Priced Auto Insurers in North Dakota

You could start getting quotes from these below carriers that are known to offer lower rates in The Peace Garden State. Premiums can be as much as 80% different between the lowest and highest. That could easily mean a couple of thousand dollars savings for a student or high risk driver. That is why it is highly recommended that you search well and never buy vehicle insurance without shopping.

  • Allied, $792
  • Nodak Mutual, $823
  • State Farm, $861

You may want to stay away from Dairyland since ValuePenguin found the company to be quoting 2.5 times higher rates than the local average. You can afford to overlook one or two of them when there are so many others to consider. Liberty Mutual and North Star are the other two most expensive auto insurers to give a miss. Many people may think that they are all similar but that cannot be any further than the truth. Each has its own underwriting rules, claim experience, and corporate and shareholder structure that it is natural to see so many price fluctuations in the marketplace.

The median premium expenditure figures hold across the state where there is no one city that is deviating notably from them. So, it doesn’t really matter which city you are from. Also, those 3 cheapest companies remain the same across all cities.

Average Premiums in North Dakota

Here you have one of the lowest average costs of car insurance in the US with only $605 against the national figure of $841. However, full coverage average is $1,200 and it is comparatively less affordable, as it is twice more than a typical driver spends. This suggests that motorists in this state buy policies to comply with the requirements but are not keen enough to go for full coverage to protect their own automobiles for possible losses. This seems to be the case in less populated locations in the country.

There may be many other reasons for cheap vehicle insurance rates here. Usually, the number of accidents and claims play a major role in premium calculations. The Peace Garden State with Great Plains appears to be a perfect example of low countryside rates due to fewer accidents. Auto repair costs and theft numbers are probably lower compared to more densely populated regions.

Where you live does affect premiums. But there are more influential factors like traffic history, recent claims, credit score and type of the car. One of the simplest rules is that you need to find as many discounts as you can if you really want the lowest rates possible. So, stay a bit longer on this site to read our tips or get a few quotes on our platform.