1. Home
  2. The Best Cheap Homeowners Insurance in North Dakota

The 5 Best Homeowners Insurance Companies in North Dakota

To get comprehensive, yet cheap, home insurance in North Dakota, you should assess each company’s main features such as costs, coverages, ability to pay claims and customer support quality. Decide on an insurer that gives you the assurance it can efficiently process your claim and pay for any damages that may occur.

MoneyGeek ranked the state’s top five carriers based on factors like their affordability, J.D. Power customer satisfaction scores and AM Best’s financial stability ratings to help you figure out the best homeowners insurance in North Dakota will be for you.


1

Country FinancialScore: 93

4.8/5

Affordability

4.5/5

User Satisfaction

4.5/5

Financial Stability


Country Financial's standard coverage features include dwelling, personal property, liability and medical coverages. Country Financial's additional coverage options include extended replacement cost, additional replacement cost, coverage for high-value items, identity theft, earthquake damage, seasonal dwellings, sump failure or backup of drain or sewer, mine subsidence, loss assessments and flood insurance.

Read MoneyGeek's Country Financial Home Insurance Review

2

AllstateScore: 93

5/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability


Apart from standard home insurance coverage, Allstate offers added options such as water backup coverage, scheduled property coverage, green improvement, electronic data recovery, yard and garden, identity theft restoration and business property. Allstate has numerous discounts available including multi-policy, automatic payments, fire protection device, early-signing, welcome and loyalty, retired persons, smoke-free home, hail-resistant roof discounts and more.

Read MoneyGeek's Allstate Home Insurance Review

3

MetLifeScore: 92

5/5

Affordability

4/5

User Satisfaction

4.5/5

Financial Stability


MetLife's home insurance coverage covers vandalism, theft, hail, fire, tornadoes and more. It offers customers the option to replace damaged items without deducting for depreciation — even if you lose your property. Liability coverage protects you if you are sued for any accident in your home. Each MetLife policy includes identity protection services and flexible payment plans.

Read MoneyGeek's MetLife Home Insurance Review

4

FarmersScore: 86

4.2/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability


Beyond standard coverage features, Farmers provides some unique endorsements like tree and shrub coverage, contents replacement cost, an eco-rebuild option and Identity Shield. Farmers offers rebates such as bundle, non-smoker, home renovation, new home, UL approved roofing materials, home safety and protective devices discounts.

Read MoneyGeek's Farmers Home Insurance Review

5

State FarmScore: 83

3.8/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability


State Farm’s standard coverage includes the primary areas of dwelling (your main home), loss of use, other structures (such as fences and detached garages), liability and medical payments (if a guest is injured in your home) and personal possessions. State Farm stands out with its useful online quote tool and high financial strength and customer satisfaction ratings.

Read MoneyGeek's State Farm Home Insurance Review

What Is the Average Cost of Homeowners Insurance in North Dakota?

$0
$0

home insurance is 0.0% more than the average.

The average annual cost of home insurance in North Dakota is $2,270 for an average dwelling cost of $250,000 — which is 7.9% higher than the national average of $2,103. Home insurance rates in North Dakota may be higher than elsewhere in the country as properties throughout the state are vulnerable to natural disasters like earthquakes, tornadoes and floods.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in North Dakota

Many elements impact your homeowners insurance rates in North Dakota, including your home’s age, location, dwelling value, pet types and pool, among others. The provider will analyze your circumstances and region-related risks to decide your quote.

moneygeek-logo

Home Insurance Calculator

State

North Dakota

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in North Dakota

Allstate offers one of the best homeowners insurance policies in North Dakota. Its average yearly premium is $1,238 for an average dwelling cost of $250,000. This average annual cost is around $1,032, or 45.5%, cheaper than the state average. The $250,000 dwelling coverage can pay for rebuilding expenses if your property’s damage is due to a covered incident. You can look to compare homeowners insurance quotes to find a suitable package for your unique needs.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$250,000
Company
Amountper year
1. Allstate
In 2020, Allstate ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in North Dakota.
$1,238
2. MetLife
In 2020, MetLife ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in North Dakota.
$1,250
3. Country Financial
In 2020, Country Financial ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in North Dakota.
$1,428
4. Farmers
In 2020, Farmers ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in North Dakota.
$2,181
5. State Farm
In 2020, State Farm ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in North Dakota.
$2,710

Best Cheap Homeowners Insurance Companies for Expensive Homes

Allstate may be an ideal option for people looking for cheap homeowners insurance in North Dakota as it offers an average package price of $7,696 per year. Other firms’ average rates can go up to $26,399 a year, so it’s wise to compare house insurance quotes to see where you can save.

Cheapest Homeowners Insurance Companies for High-Value Homes
Company
Amountper year
1. Allstate
In 2020, Allstate ranked #1 in North Dakota for the cheapest homeowners insurance for high-value homes.
$7,696
2. Country Financial
In 2020, Country Financial ranked #2 in North Dakota for the cheapest homeowners insurance for high-value homes.
$8,706
3. Farmers
In 2020, Farmers ranked #3 in North Dakota for the cheapest homeowners insurance for high-value homes.
$8,726
4. MetLife
In 2020, MetLife ranked #4 in North Dakota for the cheapest homeowners insurance for high-value homes.
$10,578
5. American Family
In 2020, American Family ranked #5 in North Dakota for the cheapest homeowners insurance for high-value homes.
$12,347

Best Homeowners Insurance Companies if You Have a Pool

A pool is a great luxury to have, but it can increase your home insurance prices. In North Dakota, Allstate offers the most affordable rate for pool properties, with an average annual premium of $1,238 for an average dwelling cost of $250,000. In comparison, the state’s costliest provider, American Family, has an average annual rate of $3,971.

Cheapest Homeowners Insurance for Pool Home
Company
Amountper year
1. Allstate
In 2020, Allstate ranked #1 in North Dakota for the cheapest homeowners insurance for homes with a pool.
$1,238
2. Farmers
In 2020, Farmers ranked #2 in North Dakota for the cheapest homeowners insurance for homes with a pool.
$2,181
3. State Farm
In 2020, State Farm ranked #3 in North Dakota for the cheapest homeowners insurance for homes with a pool.
$2,693
4. American Family
In 2020, American Family ranked #4 in North Dakota for the cheapest homeowners insurance for homes with a pool.
$3,971

Cheapest Home Insurance in North Dakota if You Have Poor Credit

Many carriers use a homeowner’s credit score to compute their insurance costs. Raising your credit score by keeping your credit usage rate less than 30% and paying down high credit card debt can help you decrease your home insurance premium. Country Financial offers the best homeowners insurance package in North Dakota for those with poor credit. Its average rate is $1,428 per year for an average dwelling cost of $250,000.

Cheapest Homeowners Insurance for Poor Credit
Company
Amountper year
1. Country Financial
In 2020, Country Financial ranked #1 for the cheapest homeowners insurance for owners with poor credit in North Dakota.
$1,428
2. Allstate
In 2020, Allstate ranked #2 for the cheapest homeowners insurance for owners with poor credit in North Dakota.
$2,032
3. MetLife
In 2020, MetLife ranked #3 for the cheapest homeowners insurance for owners with poor credit in North Dakota.
$2,716
4. Farmers
In 2020, Farmers ranked #4 for the cheapest homeowners insurance for owners with poor credit in North Dakota.
$3,184
5. Auto-Owners Insurance Co
In 2020, Auto-Owners Insurance Co ranked #5 for the cheapest homeowners insurance for owners with poor credit in North Dakota.
$3,348

How to Get Homeowners Insurance Quotes in North Dakota

When looking to buy home insurance in North Dakota, you’ll need to provide certain information to your carrier so they can compute your annual premium. You might need to disclose your house’s age, condition, current market value, location, distance to a fire department, recreational items and other details. Discuss the scope and amount of coverage you want with your provider. Compare individualized quotes from several companies to find the most accurate plan for your needs.

Auto Insurance Rates

Compare Home Insurance Rates

Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.

Other Considerations for Homeowners Insurance in North Dakota

You should ideally prepare for emergencies and hazardous weather conditions beforehand to be adequately covered against natural disasters. Carriers assess the weather risks, crime figures and average home value in your area to calculate your annual premium.

North Dakota ranks 27th in the U.S. for average home value. The average property cost in the state is $235,012. In terms of the number of crimes, North Dakota ranks 30th. FBI statistics reveal that there were 2,133 incidents of violent crime and 15,507 property crimes in the state in 2018.


Do You Need Flood Insurance in North Dakota?This is an icon

North Dakota ranks 27th in the nation for flood risk, with about 56,400, or 9.1%, of homes exposed to flooding. To obtain protection, you can try to get government-sponsored National Flood Insurance Program (NFIP) coverage. A good option to increase your coverage amount is to invest in an incremental private policy.

Do You Need Hail Insurance in North Dakota?This is an icon

North Dakota ranks 26th in the nation for the number of hail events. So, it’s advisable to prepare for this danger by purchasing adequate home insurance protection beforehand.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in North Dakota that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across North Dakota. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

Sources