In Fargo, car insurance costs $743 on average per year. This price is equal to the annual average statewide cost for North Dakota. The cheapest option for comprehensive coverage comes from Nodak Mutual and costs an average of $492 per year. MoneyGeek studied car insurance rates across different coverage levels and driving profiles to ensure that drivers in Fargo shopping for quality coverage find the lowest rates for their needs.
Compare the Cheapest Car Insurance Quotes in Fargo, ND
The Cheapest and Best Car Insurance in Fargo
The Cheapest Car Insurance Companies in Fargo
For drivers looking for the most affordable full coverage car insurance, the cheapest providers, on average, are:
- USAA: $403 per year (offered only to former and current military members)
- Nodak Mutual: $492 per year
For this analysis, MoneyGeek obtained car insurance rates for a sample 40-year-old male driver with a full coverage policy. The policy has liability insurance and comprehensive and collision insurance that covers damages to your own car.
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Average Cost of Car Insurance in Fargo
In Fargo, the average annual cost of car insurance is $743, which is equal to the state average and markedly lower than the national average. Compared with the typical cost of car insurance in the United States, drivers in Fargo spend an average of 47.8% less on their premiums.
The Best Car Insurance Companies in Fargo
MoneyGeek ranked car insurance companies using a methodology that includes affordability, user satisfaction and financial stability scores from J.D. Power. For Fargo drivers seeking quality coverage at low costs, MoneyGeek’s ratings ensure that they find the cheapest rates from the best providers.
According to the scores, the best auto insurance companies in the city for most drivers are:
- Auto-Owners: MoneyGeek score of 98 out of 100
- GEICO: MoneyGeek score of 93 out of 100
USAA received the highest score in Fargo by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
Personalized Quotes to Get You the Cheapest Car Insurance in Fargo
Car insurance companies in Fargo rely on a variety of factors to analyze risk profiles when providing personalized car insurance quotes. Age, vehicle type, driving record and the make and model of the vehicle can be major considerations. For example, a Nodak Mutual policy would cost an average of $649 more for an 18-year-old driver in comparison with a 40-year-old driver. Personalized quotes can help you get the right rates, deals and savings options for your current situation.
Shopping around for car insurance in Fargo could save you $251, which is enough to buy:
Cheapest Car Insurance in Fargo by Coverage Amount
In Fargo and elsewhere, the coverage level you purchase, among other factors, impacts the cost of your car insurance. A minimum liability policy costs an average of $376 per year, whereas full coverage car insurance costs roughly $743 annually. Drivers pay a difference of $366 on average, depending on the amount of coverage they choose.
North Dakota Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
- Personal Injury Protection$30,000 per person.
Across different insurance plans, the level and nature of coverage can vary widely. As an example, Nodak Mutual offers 50/100/50 plans with both liability-only and full-coverage options that include coverage for $50,000 worth of medical bills per person, totaling $100,000 per vehicle, with $50,000 worth of property damage repair.
The full-coverage policy with Nodak Mutual is $231 more expensive on average than the liability-only policy and can cover your expenses after an accident. Another option can be a 100/300/100 full-coverage plan that averages approximately $284 more than the state minimum expense. This can be a worthwhile expense if you need the extra coverage.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- 2.Nodak Mutual$208$233
- Company50 / 100 / 50per year100 / 300 / 100per year
- 2.Nodak Mutual$464$492
Cheapest Car Insurance in Fargo if You Have Driving Violations
Drivers with traffic violations on their records are expected to pay significantly more for car insurance. For example, getting a speeding ticket would add around $121 to the insurance costs for Allied policyholders in Fargo, while a DUI violation adds an average of $924 per year. Drivers with clean records would also typically pay around $450 less for an Allied policy compared with drivers with at-fault accidents on their records.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 3.Nodak Mutual$584$641$770
Average Cost of Car Insurance by Postal Code
Car insurance quotes in Fargo don’t vary much based on where you reside. Price variation across different ZIP codes in Fargo is negligible, with rates differing by only about $13 across different neighborhoods on average.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Fargo
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Fargo. How Fargo ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Fargo are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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