Best and Cheapest Homeowners Insurance in North Dakota for 2024

Best homeowners insurance North Dakota

As a homeowner, you want a homeowners insurance company that will help you every step of the way if you need to make a claim. Unfortunately, there are a number of things that may lead to a claim, ranging from storm damage to a break-in or an injury to a third party. Don’t you want to be sure you have the best North Dakota homeowners insurance company to protect your home from various perils?

To help you be more confident in your homeowners insurance company, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best North Dakota home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the best North Dakota homeowners insurance rankings.

If you’re looking for additional information on one of the best homeowners insurance companies in North Dakota, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.

On this page:

• Cheapest homeowners insurance rates in North Dakota for a $200K dwelling
• Cheapest homeowners insurance rates in North Dakota for a $400K dwelling
• North Dakota crime statistics
• North Dakota disaster statistics

Who offers the best homeowners insurance rates in North Dakota for a $200K home?

Of the insurers analyzed, Auto-Owners has the cheapest homeowners insurance rates in North Dakota for a $200K home, on average.

Average homeowners insurance rates in North Dakota vary by company, so which insurers have the cheapest average price for a $200K home? In the table below, compare average rates for five different companies.

These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in North Dakota will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in North Dakota for a $400K home?

Of the home insurance companies analyzed, Auto-Owners has the cheapest homeowners insurance rates in North Dakota, on average, for a $400K home.

In the table below, see average North Dakota home insurance rates for a $400K home for five different companies.

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in North Dakota will differ. Rate data is provided by Quadrant Information Services.

What do North Dakota property crime statistics indicate?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in North Dakota compare to other states around the country? The FBI published the following statistics on crime in North Dakota for 2016:

• Property crime - 17,402
• Burglary - 3,243
• Larceny theft - 12,195

When compared to the national average rate per 100,000 inhabitants, all three crime statistics for North Dakota rank below the national average.

What do North Dakota disaster statistics indicate?

Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the North Dakota federally declared disasters since 1953:

• Flood - 29
• Severe storm - 20
• Snow - 3
• Tornado - 3
• Coastal storm - 1
• Fire - 1

How are homeowners insurance rates calculated in North Dakota?

Ever wonder why you pay what you do for home insurance in North Dakota? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:

• The level of coverage required
• The size of your mortgage
• Your credit score
• The square footage of your home
• The geographic location of your home in North Dakota
• The condition of your home
• The age of your home
• The proximity of your home to a fire station
• Your previous claims record
• The amount of your deductible
• Optional add-ons like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

The average cost of homeowners insurance in North Dakota is higher than the national average cost. Homeowners in North Dakota pay more for home insurance compared to surrounding states like Minnesota and Montana, but they certainly enjoy cheaper rates than South Dakota homeowners. Factors such as your ZIP code, age, credit score, marital status, and other specific details of your home can affect home insurance premiums. In North Dakota, homeowners pay higher-than-average home insurance premiums due to the state's common causes of loss.

Residents should consider damaging weather events when buying a policy in North Dakota. Common causes of loss include: windstorms, extreme weather and storms, floods, and winter weather. There are several different insurance coverage options that come with a standard home insurance policy. Most policies include: dwelling coverage, liability coverage, personal property coverage, medical payments coverage and loss of use.

Depending on where you live in the state, you may consider flood insurance as additional coverage to protect you from potential flood damage. You should also make sure you're covered for wind damage, hail damage and water damage as severe weather is quite common.

An insurance agent can help you decide which homeowenrs coverages are appropriate for your situation.

How does Clearsurance rate and rank the best homeowners insurance companies in North Dakota?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Homeowners insurance guide

Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best North Dakota homeowners insurance companies. But beyond just picking a company, it’s crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!