Cheapest Homeowners Insurance in North Dakota (2024 Rates)


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Updated: May 22, 2024

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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.

MoneyGeek Logo IconCheapestHome InsuranceNorth Dakota
2024

Why Trust MoneyGeek? MoneyGeek used information from the North Dakota Insurance Department and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in North Dakota as of 2024.

Overall Cheapest Homeowners Insurance in North Dakota

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
North Star MutualAnnual Premium$759
Agraria InsuranceAnnual Premium$792
AllstateAnnual Premium$793
COUNTRY FinancialAnnual Premium$992
FarmersAnnual Premium$1,036
American FamilyAnnual Premium$1,123
Auto-Owners InsuranceAnnual Premium$1,218
State FarmAnnual Premium$1,344

Compare North Dakota Home Insurance Quotes Online

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.

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Rates updated:

Jul 13, 2024

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Cheapest Home Insurance in North Dakota for High-Value Homes

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
American FamilyAnnual Premium$3,464
COUNTRY FinancialAnnual Premium$3,544
Agraria InsuranceAnnual Premium$3,700
AllstateAnnual Premium$4,056
Auto-Owners InsuranceAnnual Premium$4,479
North Star MutualAnnual Premium$4,492
State FarmAnnual Premium$5,581
FarmersAnnual Premium$7,812

Cheapest Home Insurance in North Dakota for New Homes

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
AllstateAnnual Premium$511
Agraria InsuranceAnnual Premium$554
North Star MutualAnnual Premium$555
FarmersAnnual Premium$619
COUNTRY FinancialAnnual Premium$670
State FarmAnnual Premium$802
American FamilyAnnual Premium$838
Auto-Owners InsuranceAnnual Premium$871

Cheapest Home Insurance in North Dakota for Low Credit Scores

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.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Agraria InsuranceAnnual Premium$792
North Star MutualAnnual Premium$1,251
AllstateAnnual Premium$1,254
COUNTRY FinancialAnnual Premium$1,409
American FamilyAnnual Premium$2,097
Auto-Owners InsuranceAnnual Premium$2,243
FarmersAnnual Premium$2,251
State FarmAnnual Premium$3,036

Cheapest Home Insurance in North Dakota With a Claims History

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.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
North Star MutualAnnual Premium$759
Agraria InsuranceAnnual Premium$792
AllstateAnnual Premium$1,093
Auto-Owners InsuranceAnnual Premium$1,218
COUNTRY FinancialAnnual Premium$1,251
American FamilyAnnual Premium$1,338
State FarmAnnual Premium$1,344
FarmersAnnual Premium$1,599

Cheapest Home Insurance in North Dakota by Home and Roof Materials

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.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
North Star MutualAnnual Premium$759
Agraria InsuranceAnnual Premium$792
AllstateAnnual Premium$865
COUNTRY FinancialAnnual Premium$992
FarmersAnnual Premium$1,036
American FamilyAnnual Premium$1,052
State FarmAnnual Premium$1,344
Auto-Owners InsuranceAnnual Premium$1,717

Cheapest Home Insurance in North Dakota by Deductible

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.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
AllstateAnnual Premium$629
North Star MutualAnnual Premium$701
Agraria InsuranceAnnual Premium$733
FarmersAnnual Premium$882
COUNTRY FinancialAnnual Premium$896
Auto-Owners InsuranceAnnual Premium$1,032
American FamilyAnnual Premium$1,093
State FarmAnnual Premium$1,237

Cheapest Home and Auto Insurance Bundle in North Dakota

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.

AllstateAnnual Premium$2,148
State FarmAnnual Premium$2,395
Auto-Owners Insurance CoAnnual Premium$2,412
FarmersAnnual Premium$2,498

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.