Average Costs and Cheapest Homeowners Insurance Companies in North Dakota

The cost of home insurance varies depending on various factors. Allstate offers the cheapest homeowners insurance in North Dakota overall. It’s also the cheapest to insure expensive homes, newer houses and dwellings with pools. Meanwhile, homeowners with poor credit can find the most inexpensive rates from Country Financial.

MoneyGeek collected thousands of home insurance quotes in North Dakota and calculated average rates to help homeowners find the cheapest providers for their profile.

MoneyGeek used costs and service measures to break down the best homeowners insurance providers in North Dakota if you want to balance cost and quality.

MoneyGeek analyzed thousands of quotes from various insurers for different dwelling coverages to find the cheapest homeowners insurance in North Dakota. Our research shows that Allstate has the most affordable policies for baseline dwelling coverage of $250,000.

The providers offering the cheapest policies for the following dwelling coverages are:

• Cheapest for $100,000: MetLife, $528 per year
• Cheapest for $250,000: Allstate, $1,238 per year
• Cheapest for $500,000: Allstate, $2,456 per year

The amount of dwelling coverage you need depends on the replacement cost of your home — more expensive houses require more coverage. Toggle the table to see insurance costs for various dwelling coverage levels.

The cost of your home insurance will vary significantly depending on how much dwelling coverage you buy. The average cost of home insurance in North Dakota is $2,270 for a policy with a baseline dwelling coverage of $250,000.

If you choose a higher coverage level, you’re protected against more damage, although your rates will be higher. For instance, the average annual rate for dwelling coverage of $100,000 is $1,368. If you select dwelling coverage of $3 million, your insurance premium will be approximately $19,281 per year. That’s a difference of roughly $17,913.

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

You can adjust your coverage limits, deductible and other limits to see how the average cost of homeowners insurance in North Dakota changes based on your needs.

To find the most affordable homeowners insurance in North Dakota, MoneyGeek evaluated thousands of quotes from insurers across the state for different dwelling coverages.

For homeowners looking for $2 million in dwelling coverage, the cheapest North Dakota home insurers for expensive homes are:

• Allstate: $7,696 per year
• Country Financial: $8,706 per year

The cost of insuring expensive homes varies depending on various factors, and it can significantly change from one company to another. Shopping around and comparing quotes from several providers is the best way to find the cheapest options.

MoneyGeek averaged thousands of quotes from various insurance companies to find the cheapest policies for insuring newer homes in North Dakota. We used a sample home built in 2015 with $250,000 in dwelling coverage in this analysis.

Our study found that the most affordable policies are from:

• Allstate: $1,008 per year
• Farmers: $1,825 per year

Insurance rates can also vary depending on the house’s age. On average, homes built in 2015 are $758 cheaper to insure than those built in 2000.

If you’re wondering why the numbers for homes built in 2000 are different from the first section of our guide, it’s because of a different ZIP code collection process.

In North Dakota, insuring a newer home costs approximately $1,763 per year, while insurance for houses built in 2000 is around $2,520 per year.

Older homes are more expensive to insure since they can be harder to repair and replace. The materials used tend to be less resistant to fire and weather events. Years of wear and tear also add to the risk of accidents, such as burst pipes, which increases the likelihood of claims. To offset all that, companies charge a higher premium when insuring older homes.

MoneyGeek evaluated thousands of quotes to find the cheapest homeowners insurance in North Dakota with baseline coverage of $250,000 for homes with pools. Our analysis shows these providers have the lowest rates:

• Allstate: $1,238
• Farmers: $2,181

A pool increases both your home’s value and potential repair costs, making it more expensive to insure. Insurers consider pools a liability hazard since they can lead to accidents or injuries. If you have a pool on your property, you will need additional liability coverage for pool-related injuries and accidents.

There’s not much difference in insurance costs for homeowners with a pool in North Dakota. If you have a pool, you’ll pay $2,521 per year on average for home insurance with a $250,000 dwelling coverage limit. Without a pool, you’ll pay around $2,520.

Note that not all insurers include pools on their dwelling coverage limit. In that case, you may be required to purchase different insurance to cover your pool.

MoneyGeek studied thousands of quotes from various insurance companies in North Dakota to find the most affordable home insurance for homeowners with poor credit records.

We found the following providers offer the cheapest rates for homeowners with poor credit and a baseline dwelling coverage of $250,000:

• Country Financial: $1,428 per year
• Allstate: $2,032 per year

Your credit record plays a significant role in the cost of your premiums. If you have a poor credit score, you will likely face higher rates than those with good to excellent credit.

Home insurance costs change depending on the homeowner’s credit background. Insurance companies consider people with poor credit scores riskier to insure, so they charge higher rates.

In North Dakota, the average cost of homeowners insurance for those with poor credit scores is $3,544, while it’s $2,305 for homeowners with good credit scores. This means your credit score can impact rates by up to $1,239.

The cost of your homeowners insurance and the most affordable provider vary depending on where you live in the state. Based on MoneyGeek’s research, Allstate is Fargo’s most affordable home insurance company, with rates for $250,000 dwelling coverage $1,032 cheaper than the city’s average rates across all companies.

To get a binding home insurance quote from an insurance company in North Dakota, you’ll need to provide information. In addition to your name, address, phone number and social security number, this information includes the age of your home, its condition and current market value, and the distance to the closest fire station. You should include security features and add-ons like a pool or solar panels.

Alternatively, you can use MoneyGeek’s North Dakota home insurance calculator to get an anonymous estimate. Our tool gives estimated costs based on the thousands of quotes we compiled.

MoneyGeek analyzed homeowners insurance premiums from seven 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.