Condo insurance isn’t required by law in North Dakota, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.
Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.
To find the best condo insurance in North Dakota, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in North Dakota with average annual rates.
Key takeaways
- The residents of North Dakota pay an average of $319 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
- Based on the analysis by Insurance.com, State Farm is the top pick for the best condo insurance company in North Dakota.
- Metropolitan offers the cheapest condo insurance in North Dakota at an average of $157 per year.
Best condo insurance companies in North Dakota
In North Dakota, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction ratings of major insurers in North Dakota. Below are the best condo insurance companies in North Dakota based on Insurance.com’s analysis.
Company | J.D. Power Score | AM Best Rating | Average rating (out of 5) |
---|---|---|---|
State Farm | 829 | A++ | |
American Family | 842 | A | |
Country Financial | 830 | A+ | |
Allstate | 815 | A+ | |
Auto-Owners | 825 | A++ | |
Farmers | 792 | A |
Average cost of condo insurance in North Dakota
The average cost of condo insurance in North Dakota is $319 a year or $27 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.
To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.
Average Annual Premium | Average Monthly Premium |
---|---|
$319 | $27 |
CONDO INSURANCE CALCULATOR
Average condo insurance rates in NORTH DAKOTA
AVERAGE RATE: $337
Most & least expensive zip codes for condo insurance in North Dakota
Most Expensive
Zip Code | City | Highest Rate |
---|---|---|
58622 | Belfield | $338 |
58623 | Bowman | $338 |
58520 | Almont | $338 |
58524 | Braddock | $338 |
Least Expensive
Zip Code | City | Lowest Rate |
---|---|---|
58202 | Grand Forks | $325 |
58201 | Grand Forks | $325 |
58204 | Grand Forks AFB | $325 |
58203 | Grand Forks | $325 |
Condo insurance rates by company in North Dakota
Rates for condo insurance by company in North Dakota vary. It’s important to shop around and compare quotes to find the best price.
In the table given below, you’ll see condo insurance rates for major companies in North Dakota. The cheapest company for condo insurance in North Dakota is Metropolitan. Nodak Insurance, and State Farm, are the second and third cheapest options.
Company | Average Annual Rate |
---|---|
Nodak Insurance | $242 |
State Farm | $259 |
American Family | $274 |
Agraria Mutual | $276 |
Allstate | $298 |
Country Financial | $308 |
North Star Mutual | $332 |
Farmers | $405 |
Auto-Owners | $475 |
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.