More on Home Insurance
More on Home Insurance
The cost of homeowners insurance in North Dakota is $1,753 a year for the average amount of coverage. North Dakota residents can compare rates from multiple companies with Policygenius.
Published September 9, 2020|6 min read
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The statewide average cost of homeowners insurance in North Dakota is $1,753 per year, but policy premiums can differ greatly based on specific factors related to your home and the details of your policy. Your rates will be directly impacted by your home’s condition and style of build, its location, your credit and claims history, and your policy deductible amount. Rates also vary from company to company for the same level of coverage, which is why it’s so important to compare policies from different companies — that’s where we come in.
To help simplify your shopping experience, Policygenius reviewed the five best homeowners insurance companies in North Dakota offered through our website. We also calculated the cheapest and most expensive cities in North Dakota for home insurance based on hundreds of submitted quotes.
The average cost of homeowners insurance in North Dakota is $1,753 for $100,000–500,000 in coverage
The cheapest homeowners insurance company in North Dakota is State Auto, according to Policygenius quote data
When deciding on policy coverage, North Dakota residents should consider the state’s severe thunder and lightning storms
A great homeowners insurance company is financially stable, has dependable customer service, affordable coverage, flexible policy options, and high quality discounts.
State Auto provides the cheapest North Dakota home insurance quote of any Policygenius partner carrier. The average quote with Stillwater is $1,624 for $100,000–500,000 in coverage, which is over $100 cheaper than the statewide average of $1,753. If you’re a North Dakota homeowner looking for a budget pick, State Auto may be your best bet.
Stillwater offers a multi-policy discount if you bundle your home insurance policy with your auto insurance or another type of property insurance. Stillwater also offers discounts for fortifying your home with safety features like fire and burglar alarms. You may receive a discount if your roof was constructed within a certain number of years or built with a storm-resistant material. If you haven’t filed a claim in a few years, or if you recently purchased your home, that can also land you a discount with Stillwater.
Read our full review of Stillwater here
If you’re a North Dakota homeowner looking to maximize the coverage for the structure of your home, Safeco may be the way to go. Safeco has four comprehensive tiers of coverage, which all include the option to add extended replacement cost, a policy add-on that increases your home’s coverage limits an additional 25% or 50% if rebuild costs exceed your dwelling coverage amount. Safeco’s “Premier Plan”, its highest level of coverage, includes guaranteed replacement cost, which pays for a rebuild of your home regardless of the price.
Read our full review of Safeco here
An insurance company’s financial stability is important — you want an insurer that is reliable and trustworthy. A.M. Best is the most reliable credit-rating tool policyholders can use to gauge the financial health of a particular company. A good score with A.M. Best means a company is more likely to fulfill their financial obligation to you when it comes time to file a claim. With a score of A+, Progressive has close to the highest rating a company can receive from A.M. Best.
Progressive also has high ratings with Standard & Poors, which measures long-term financial stability, as well as Moody’s, which measures what the expected losses would be if a company were to go into default.
Read our full review of Progressive here
If you live in a high-value home in North Dakota, AIG may be the right company for you. AIG offers a “Private Client Group” package, which has all the primary coverage you’ll find in a standard policy — dwelling, other structures, personal property, loss-of-use, liability, and medical payments coverage — but with higher limits of liability and more flexible loss-settlements than you’d find in a standard carrier policy.
Read our full review of AIG here
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When comparing insurance companies, North Dakota residents may find that rates differ greatly from company to company for the same level of coverage. A more expensive policy may provide more coverage add-ons in a basic plan than their competitors, but some companies may simply charge more for coverage in certain areas than others.
After reviewing hundreds of quotes submitted with Policygenius, we found that State Auto is the cheapest insurance company in North Dakota with an average annual premium of $1,624 for $100,000–500,000 in coverage. Stillwater is the most expensive with an average annual premium of $2,074.
The average cost of homeowners insurance in North Dakota will also differ considerably based on the amount of insurance you have for your home. Below is the average homeowners insurance quoted rates for five different levels of coverage.
|Coverage Amount||Average Cost|
|Greater than $500,000||$ 1,593|
Insurance companies will also price policies differently based on where you live. We found Williston has the lowest rates in the state with a $880 average annual premium for $100,000-500,000 in coverage. The most expensive area on average is Thompson with an annual premium of $3,479 for the same amount of coverage.
|Grand Forks||$ 888|
|West Fargo||$ 1,673|
We selected the 8 largest cities in North Dakota by population where customers have submitted quotes with Policygenius. Quotes are based on a coverage amount between $100,000 and 500,000.
Thunder and lightning storms are the most common and most expensive threats to North Dakota homeowners, with storms costing the state $43.2 million per year in annualized property losses. Homeowners insurance does cover lightning damage, but North Dakota residents who experience frequent storms should consider installing lightning protection systems and surge protector devices for extra protection.
Winter storms are also a common occurrence in North Dakota. Although homeowners insurance cover repairs if the weight of snow and ice causes your roof to fall through or damages your foundation, homeowners should try to keep their roofs clear of ice dams and excessive snow.
Residents of the Flickertail State are also at risk for flooding, with floods being the second most expensive natural hazard in the state. Homeowners insurance does not cover flooding in North Dakota or any of the other 49 states. State residents can supplement that gap in coverage by purchasing a flood insurance policy.
Flood insurance can typically be purchased through the same insurance company that insures your home. Most flood policies are sold by private companies but administered by the federal government’s National Flood Insurance Program (NFIP). An NFIP flood policy can cover up to $250,00 for the structure of your home and up to $100,000 for personal belongings.
The North Dakota Insurance Department is a valuable resource both for North Dakota homeowners purchasing coverage for the first time or for those who are already insured. The NDID website has helpful information about what to prioritize when selecting your coverage, preparing for natural disasters, and buying flood insurance.
Homeowners insurance companies can cancel your insurance for a number of reasons — maybe the insurance company no longer offers coverage where you live, or maybe they determined your home was too risky to insure after a recent inspection.
Unlike other states, North Dakota doesn’t offer Fair Access to Insurance Requirements (FAIR) Plan. If you’re unable to get homeowners insurance with a standard carrier, look into coverage with a surplus or excess lines insurer. Surplus carriers specialize in risks that are typically rejected by traditional insurance companies.
A couple of downsides to getting coverage through a surplus carrier is it’s typically expensive and the companies aren’t admitted with the state, meaning they aren’t subject to the same rules and regulations as traditional insurance companies. But surplus lines coverage is a solid option if you’re an North Dakota resident looking for last minute coverage.
Not where you live? We've got you covered, check out our guide to homeowners insurance in your state