Cheapest Homeowners Insurance in North Dakota (2024 Rates)

In North Dakota, various providers offer cheap home insurance rates for distinct needs. North Star offers the most budget-friendly rates overall, making it an excellent choice for homeowners looking to save money on insurance. If you own a high-value home, American Family provides competitive rates, while Allstate is the top pick for coverage on new homes and policyholders with poor credit. Meanwhile, Allstate is the cheapest option for bundled home and insurance packages. Compare quotes from different providers with MoneyGeek.

North Dakota's most affordable provider for $100K in dwelling coverage is North Star Mutual, with rates averaging $759 per year. It's important to note that dwelling coverage influences insurance rates significantly. Here's a glance at North Dakota's cheapest insurance providers among varying dwelling coverage tiers:

• Cheapest for $100,000: North Star Mutual at $759 per year
• Cheapest for $250,000: North Star Mutual at $1,391 per year
• Cheapest for $500,000: COUNTRY Financial at $2,565 per year

Check out cheap home insurance on MoneyGeek to explore changes in costs by dwelling coverage.

Comparing quotes from several insurance providers will help you secure the most affordable home insurance rates in North Dakota. MoneyGeek's home insurance calculator provides a simple way to get North Dakota quotes immediately without personal information.

For high-value homes in North Dakota, the best home insurance is American Family, which offers the lowest average rate for $750K in dwelling coverage, charging just $3,464 per year. Remember, dwelling coverage is a major factor driving costs, and policyholders with high-value homes typically pay more. Here are the most cost-effective options in North Dakota:

• Cheapest for $750,000: American Family at $3,464 per year
• Cheapest for $1,000,000: American Family at $4,241 per year

We recommend securing dwelling coverage that covers your home's replacement cost, not just its property value. View MoneyGeek's table below to see how premiums vary based on dwelling coverage.

The most affordable home insurance company in North Dakota for new homes is Allstate, with average annual premiums of $511 for $100K Dwelling Coverage. Typically, insuring newer homes in North Dakota tends to be cheaper due to their superior construction standards and safer technology, reducing potential insurance risks. Let's delve into the cheapest average policies for different coverage levels:

• Cheapest for $100,000: Allstate at $511 per year
• Cheapest for $250,000: Allstate at $932 per year
• Cheapest for $500,000 COUNTRY Financial at $1,733 per year

Refer to our table below to explore how costs fluctuate for newly built homes based on dwelling coverage.

In North Dakota, Agraria Insurance offers the most affordable home insurance for homeowners with poor credit and $100K in dwelling coverage. Insurers in North Dakota consider credit scores to evaluate risk, ultimately affecting insurance rates.

• Cheapest for $100,000: Agraria Insurance at $792 per year
• Cheapest for $250,000: Agraria Insurance at $1,514 per year
• Cheapest for $500,000: Agraria Insurance at $2,610 per year

The impact of poor credit becomes apparent when comparing the average home insurance costs for poor and good credit profiles. For $100K in dwelling coverage, the cheapest provider for homeowners with poor credit is Agraria Insurance at $792 per year. If you have good credit, North Start Mutual offers the most affordable policies at $759 annually.

North Star Mutual is the most affordable home insurance company in North Dakota for homeowners with one claim in the past five years, offering an average yearly premium of $759 for coverage values of $100K in dwelling coverage. It is important to note that homeowners with previous claims generally face higher insurance costs due to the increased risk of future claims.

To compare further, here's a look at the most cost-effective companies according to varying dwelling coverages under the same conditions:

• Cheapest for $100,000: North Star Mutual at $759 per year
• Cheapest for $250,000: North Star Mutual at $1,391 per year
• Cheapest for $500,000: Agraria Insurance at $2,610 per year

On average, North Dakota homeowners with a minimal record pay $312 less for insurance annually than those with two claims in the past five years. This difference in cost underlines the benefits of maintaining a no-claims record, a key consideration for those aiming to manage their home insurance expenses effectively in North Dakota.

The type of home construction and roof materials can significantly influence the cost of your home insurance. If your home in North Dakota is of "frame" type construction with a shake-treated roof, the company offering the lowest home insurance premium is North Star Mutual, with an average annual cost of $759. This relatively higher cost is because frame-type homes with shake-treated roofs are at greater risk for damage, leading to more expensive insurance premiums than homes built with superior construction and tile roofs.

Here are the cheapest companies for varying dwelling coverages in North Dakota:

• Cheapest for $100,000: North Star Mutual at $759 per year
• Cheapest for $250,000: North Star Mutual at $1,391 per year
• Cheapest for $500,000: American Family at $2,487 per year

By comparing these figures, the impact of the roof and home materials on the insurance premium becomes clear — a comparison of frame construction and a shake-treated roof to superior construction with a tile roof reveals an average annual premium difference of $266. As such, homeowners in North Dakota might find it more cost-effective to choose constructions and materials viewed as safer and more durable by insurance providers.

Switching your deductible could save you hundreds yearly. In North Dakota, the most affordable home insurance with a $2,000 deductible is from Allstate at $629 annually, compared to Agraria Insurance at $792 for a $500 deductible. For $100K in dwelling coverage, the least expensive providers are:

• $2,000 deductible: Allstate at $629 per year
• $1,500 deductible: Allstate at $629 per year
• $1,000 deductible: North Star Mutual at $759 per year
• $500 deductible: Agraria Insurance at $792 per year

Regarding home insurance policies, a deductible is your initial payment before insurance covers the balance. The average cost difference between $2,000 and $500 deductibles is $191.

The most affordable company for a home and auto bundle policy in North Dakota is Allstate, offering an average annual premium of $2,148. You can reap significant savings by consolidating home and auto insurance. The cheapest bundle providers include:

• Allstate at $2,148 per year
• State Farm at $2,395 per year

Bundling provides the added convenience of managing both policies under one insurer. Not only does this streamline the process, it also facilitates efficient communication with a single point of contact. Discover more by exploring the best North Dakota insurance bundle.