State Farm is one of the best home insurance companies in North Dakota. Its overall rating is 3 and J.D Power awarded it 835 scores out of 1000, the highest among the carriers surveyed. Besides, A.M Best rated it A++, which is the highest they offer.
Whereas Farmers is the cheapest homeowners insurance company in North Dakota, based on a rate analysis by Insurance.com. Its average rate for North Dakota homeowners is $1,439 a year. It's $866 less than the national average ($2,305).
But the cheapest is not always the best. Homeowners insurance coverage varies among insurance providers and thus the home insurance premiums.
Among all the different North Dakota homeowners insurance companies on the market, it's not easy to find the one that fits your needs. That's why we have created this guide to help you make an informed decision.
We've compiled a list of some of the best and cheap home insurance companies to help you decide which one is best for you.
- Best home insurance companies in North Dakota
- Compare best homeowners insurance companies in North Dakota
- Average cost of homeowners insurance in North Dakota
- 10 Most expensive zip codes in North Dakota for homeowners insurance
- 10 Least expensive zip codes in North Dakota for homeowners insurance
- Cheap homeowners insurance in North Dakota
- Home and auto bundle discounts in North Dakota
Best home insurance companies in North Dakota
If you're looking for the best homeowners insurance company in North Dakota, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in North Dakota:
- State Farm
- Liberty Mutual
Compare best homeowners insurance companies in North Dakota
The best homeowners insurance is not always the most expensive. If you ask yourself, "Which homeowners insurance company should I choose?" Then it might be time to start comparing quotes from different insurance providers and find the one that offers a standard homeowners insurance policy and adequate insurance coverage for your needs.
To help you pick the right insurance company, we've compared the insurers using the J.D. Power scores as well as ratings from A.M Best.
Following is a list of the best home insurance providers and their average annual premium.
| Company | Overall rating | J.D. Power score | AM Best rating |
|---|---|---|---|
| State Farm | 3 | 835 | A++ |
| Liberty Mutual | 2 | 806 | A |
Average cost of homeowners insurance in North Dakota
The average cost of home insurance in North Dakota is $2,601 a year or $217 a month, but this number may vary depending on the coverage options you choose and where you live. Basic coverage options include personal property coverage, dwelling coverage, and additional living expenses.
Many other factors go into determining your home insurance rates in North Dakota, including property value and local crime rates.
| Average annual premium | Average monthly premium |
|---|---|
| $2,601 | $217 |
10 Most expensive zip codes in North Dakota for homeowners insurance
You may know that homeowners insurance costs vary significantly by ZIP code. The most expensive ZIP code for homeowners insurance in North Dakota is 58563. Its average rate for North Dakota homeowners is $2,612 annually.
Home insurance rates vary depending on where you live. Besides ZIP code, insurers consider these factors to decide your home insurance cost-
- Building costs in your area
- Your home's square footage
- Your own home's construction and materials used
- Crime rates in your locality
- Risk of damage caused by certain types of disasters
Let's take a look at the most expensive ZIP codes and their average annual home insurance rates-
| ZIP code | Average annual rate |
|---|---|
| 58563 | $2,612 |
| 58646 | $2,603 |
| 58533 | $2,600 |
| 58650 | $2,595 |
| 58520 | $2,590 |
| 58638 | $2,588 |
| 58528 | $2,584 |
| 58647 | $2,582 |
| 58530 | $2,576 |
| 58566 | $2,572 |
10 Least expensive zip codes in North Dakota for homeowners insurance
Below is a list of the ten least expensive ZIP codes for homeowners insurance in North Dakota, based on Insurance.com's rate analysis. You will find that the least expensive ZIP code for home insurance in North Dakota is 58078. Its average annual insurance cost for North Dakota homeowners is $2,073---$232 less than the national average ($2,305).
| ZIP code | Average annual rate |
|---|---|
| 58078 | $2,073 |
| 58256 | $2,085 |
| 58201 | $2,095 |
| 58316 | $2,106 |
| 58204 | $2,115 |
| 58203 | $2,120 |
| 58278 | $2,126 |
| 58225 | $2,130 |
| 58244 | $2,132 |
| 58849 | $2,133 |
Cheap homeowners insurance in North Dakota
Farmers, Allstate, Nodak Mut Ins Co, Safeco, and American Family are the top five cheap homeowners' insurance companies in North Dakota, based on Insurance.com's rate analysis.
When shopping for insurance, the first thing that you should do is compare rates and coverage from different companies. Why? Insurance prices vary by hundreds of dollars even if they offer exactly the same type or amount of protection - so it pays to shop around.
Insurers use different methods when deciding on your insurance premium; as a result, prices vary significantly between carriers. Make sure you compare price quotes when you shop for home insurance, suggests Insurance.com's former Senior Consumer Analyst Penny Gusner.
Following is a list of cheapest home insurance companies along with their average annual premium-
| Company name | Average annual premium |
|---|---|
| Farmers | $1,439 |
| Allstate | $2,109 |
| Nodak Mut Ins Co | $2,146 |
| Safeco | $2,683 |
| American Family | $3,976 |
| State Farm | $4,599 |
| Fire Insurance | $4,890 |
| Auto Owners | $12,484 |
Home and auto bundle discounts in North Dakota
Homeowners insurance in North Dakota may be expensive for some ZIP codes, but still, there are ways to save on your home insurance.
If you buy both home and auto insurance from the same insurance provider, you can save an average of $421 a year or 16%, based on Insurance.com's analysis. However, it will depend on your insurer as well as your homeowners profile.
Here's a list of major North Dakota insurance companies that offer a discount on bundling your home and auto insurance policies.
| Company | $ Bundle average saving | % Bundle average saving |
|---|---|---|
| American Family | $929 | 23% |
| Metropolitan | $640 | 24% |
| Farmers | $592 | 20% |
| State Farm | $526 | 19% |
| Country Mut | $515 | 22% |
| Allstate | $367 | 20% |
| Auto Owners | $249 | 9% |
| Nodak | $209 | 8% |
| North Star | $155 | 9% |
| Foremost Insurance | $31 | 1% |