Best Home Insurance Rates In North Dakota

On average, your neighbors pay $95 a month.

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Compare Homeowners Insurance In North Dakota

North Dakota is our nation’s largest producer of beans, flaxseed, honey, and sunflower oil. It's been called the “best-run state in the country”. That said, The Peace Garden State is located at the north end of Tornado Alley, posing some homeowners insurance risks.

Average North Dakota Homeowners Insurance Rates

How much is home insurance in North Dakota? Homeowners insurance premiums in North Dakota are slightly higher than the rest of the country. The average cost of homeowners insurance in the state of North Dakota is $1,200. That's almost exactly the same as the national average of $1,173. Seventeen states have higher average homeowners insurance rates than North Dakota.

North Dakota Average Annual Homeowners Insurance Rates
  2013 2014 2015
North Dakota Annual Average $1,078 $1,136 $1,200
North Dakota Price Per Month $90 $95 $100
US Annual Average $1,096 $1,132 $1,173
US Cost Per Month $91 $94 $98
National Rank 23 22 18
Source: Facts + Statistics: Homeowners insurance

The graph below shows the change in average North Dakota home insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, North Dakota homeowners insurance rates increased from $969 in 2011 to $1,200 in 2015, a jump of $231 dollars, or 23.84 percent.

North Dakota average homeowners insurance rates

Choosing a homeowners insurance company in North Dakota should be easier. Actually, it’s already easy. The key to finding the cheapest homeowners insurance rates in North Dakota is to compare quotes from multiple companies.

Best North Dakota Home Insurance Companies

Last year, these were the most common home insurance companies reported by QuoteWizard users living in the state of North Dakota. Out of the 1,699 North Dakota homeowners that used QuoteWizard to request insurance quotes last year, 102 had no home insurance.

  1. American Family
  2. Progressive
  3. Allstate
  4. Geico
  5. MetLife
  6. USAA
  7. 21st Century
  8. Country Financial
  9. AAA
  10. Hartford
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Best Homeowners Insurance Companies in North Dakota

The above list shows the most popular home insurers in North Dakota according to our users. But popular doesn’t always mean best.

Our study on the Best Homeowners Insurance Companies focuses on top of the line companies. In no particular order, these companies stand out among the rest:

  1. Amica: Best Overall
  2. MetLife: Best for Bundling
  3. Allstate: Best for Local Agents
  4. Hartford: Best for Seniors
  5. State Farm: Best for Pet Owners
  6. Travelers: Best for Flexible Policies
  7. Nationwide: Best Replacement Coverage
  8. Farmers: Best for Eco-Friendly Homes
  9. Liberty Mutual: Best for Quick and Easy Quotes
  10. Auto Owners Insurance: Best Claims Experience
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Top North Dakota Home Insurance Company Market Share

Source: National Association of Insurance Commissioners
Rank Company Financial Rating Market Share
1 American Family A+ 12.26%
2 Farmers Union Mutual Insurance NR 8.93%
3 Nodak Mutual A 7.68%
4 Auto Owners Owners A++ 7.59%
5 Farmers Insurance A+ 5.99%
6 North Star Company Group NR 5.68%
7 Metropolitan Group NR 3.27%
8 USAA A++ 3.04%
9 Country Financial A+ 3.02%
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North Dakota Home Insurance Rate Factors

Many different factors come into play when insurance companies calculate the cost of homeowners insurance. Some, like the age of your home, are within your control. Others, like crime rates or natural disasters, are beyond your control. Here are some of the factors that affect the cost of homeowners insurance in North Dakota.

Average Home Listing Prices

Home prices can greatly affect the cost of insurance in any given state. A higher average home price generally means higher premiums in that state. For North Dakota, the average listing price is $244,124 as of July 2015, a bit lower than the national average of $284,748.

Average Burglary Rates

Burglary is a serious and sometimes violent property crime. States with higher average burglary rates generally have higher average home insurance premiums, because the likelihood that someone will need to file a claim is higher. According to data from the FBI Uniform Crime Report, in 2013, North Dakota’s average burglary rate was 405.6 per 100,000 people, which is much lower than the national average of 610.0 per 100,000.

States with more law enforcement per capita tend to be safer than states with fewer policemen and women. In North Dakota, there are 25.6 law enforcement personnel per 100,000 total citizens, slightly lower than the national median of 32 per 100,000.

Home Insurance Hazards

North Dakota’s climate is typical of the Midwest, as it sits atop the entire region. While the size of the state leads to some variation from east to west, by in large, the climate is fairly uniform. North Dakota’s climate leads to several homeowners insurance hazards, mostly due to extreme weather and severe winters.

Extremely cold winters: In North Dakota, winter starts as early as November, and can last through April. Typically, January is the coldest month of the year. Throughout the state, high temperatures in January are about 20 degrees, and lows range from -4 degrees to 6 degrees, and the record cold temperature in North Dakota is -60 degrees. Average low temperatures stay below freezing until April, when most areas finally break freezing. North Dakota’s cold winters contribute to its extremely low average year-round temperature of 40 degrees, making it the second-coldest state after only Alaska. North Dakota winters are also quite snowy, and the state averages 45 days of snow per year, and about 51 inches of snow per year. That said, actual snowfall varies greatly in different parts of the state. To the east, in Fargo, the average is 38 days of snow per year and about 50 inches of snow annually. On the west end, in Medora, they average only about 19 days of snow per year, and about 30 inches annually. Snowfall is largely due to blizzards, which are a common weather event in winter in North Dakota. Low pressure storms move south from Canada, mixing with North Dakota’s humid air, creating severe storms. Because air on the eastern end of the state is more humid, they experience more blizzards and other storms, and therefore have higher average snowfall.

Thunderstorms: The same conditions that make North Dakota so prone to blizzards in the winter also make it susceptible to thunderstorms in the spring and summer. Precipitation is not extremely high in North Dakota--the annual average is about 18 inches, though it varies within the state. In Fargo, they average 106 days of rain per year and about 23 inches annually. To the west, at the Pretty Rock Wildlife Refuge, they average only 74 days of rain per year, and about 16 inches of rain. June is the wettest month of the year, and about a quarter of all yearly rainfall happens during this month. Throughout the state, June averages about 11 days of rain, and close to 4 inches of rain. As humidity increases in the summer, so does the likelihood of thunderstorms. As such, North Dakota averages 28 days of thunderstorms per year. These thunderstorms can be quite severe, including heavy rains, strong winds, thunder and lightning, and can cause tornadoes and flash floods. The mostly flat terrain throughout the state floods from time to time. So it’s important to note that the only way to obtain flood insurance is through the National Flood Insurance Program. Learn more about the NFIP here.

Tornadoes: Spring and summertime thunderstorms can often give way to tornadoes, especially because North Dakota sits at the very top of Tornado Alley. According to the National Oceanic and Atmospheric Administration, North Dakota averages 20 tornadoes per year. Tornadoes are the most violent kind of storm, especially when coupled with a thunderstorm. A tornado can uproot trees, and severely damage property, and a severe tornado can flip cars and rip buildings from their foundations. Strong tornadoes are marked by winds around 100 mph and the ability to travel miles before slowing. July is when tornadoes are most common, but can occur between April and October.

North Dakota Insurance Department

Insurance Commissioner:
Jon Godfread
Insurance Hotline:
(800) 247 – 0560
Office Hours:
Monday - Friday
8:00 am to 5:00 pm
File a Consumer Insurance Complaint
Complaint Page

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