How Much Does Auto Insurance Cost for Good Drivers in North Dakota?

Locating cheap auto insurance is not always easy, and finding out which company quotes the best auto insurance rates for good drivers involves a bit more work. Rates will probably be somewhat cheaper than the average rate in North Dakota, with the lower cost attributed to the potentially lower risk that comes with selling insurance for safe drivers. Competitively-priced coverage should be easily found with minimal effort.

Each insurer has their own formula to determine premium rates, so we’ll take a look at the most affordable auto insurance companies in North Dakota.

USAA may offer some of the best car insurance rates in North Dakota at around $711 per year. Allied, Nodak Mutual, Grinnell, and Safeco also rank well as some of the lowest-priced North Dakota auto insurance companies.

As the rates illustrate above, if you are a customer of Allied and switched to USAA, you could earn a yearly savings of about $201. North Dakota drivers with Nodak Mutual could save as much as $245 a year, and Grinnell policyholders might see rate reductions of $359 a year.

It’s important to note that these policy rates are averages for all drivers and vehicles in North Dakota and and are not figured with a rate discount for good drivers. So the company that is best for you may not even be included in the list of companies shown earlier. That’s why you need to compare as many prices as possible using your own driver and vehicle profiles.

For North Dakota drivers, one of the considerations that is used by insurance companies to calculate the price of your policy is where you choose to live in North Dakota. Cities with larger populations or higher claims like Beulah, Carrington, and Bottineau tend to have higher rates, whereas areas that are not as densely populated generally benefit from lower insurance rates.

The table below lists the priciest cities in North Dakota for good drivers to purchase auto insurance in.

Premium amounts are comparative as specific location information can decrease or increase coverage rates noticeably.

Full coverage rates compared to liability only

Finding cheap auto insurance for good drivers in North Dakota is probably important to most drivers, and an effective way to lower the cost of insurance is to not insure for full coverage. The illustration below shows the difference between insurance costs with and without physical damage coverage. The data is based on no claims or driving violations, $500 deductibles, single status, and no other discounts are factored in.

If we average the cost for all age groups, physical damage insurance costs an additional $1,431 per year over and above liability only. Lot’s of drivers question if buying full coverage is worth the money. There is no clear-cut formula of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s replacement value is $4,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $3,500 after paying the physical damage deductible. If premium cost is more than $350 a year for your policy with full coverage, then it could be time to drop full coverage.

Buying coverage from the top car insurance company can be difficult considering how many companies sell coverage in North Dakota. The company ratings shown below can help you analyze which companies to look at when shopping your coverage around. These rankings only include large insurance companies, so companies that focus mainly on North Dakota business are not included in these rankings.

Top 10 Large Auto Insurance Companies in North Dakota Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. State Farm
5. Liberty Mutual
6. Safeco Insurance
7. Allstate
8. 21st Century
9. Nationwide
10. American Family

Discounts on cheap auto insurance for good drivers in North Dakota

Car insurance companies that sell policies for good drivers may also offer rate discounts that can lower rates by as much as 25% or more if you meet eligibility requirements. Large auto insurance companies and their offered discounts include:

The chart below illustrates the difference between auto insurance rates with and without discounts applied to the premium. Data assumes a female driver, no driving violations, no at-fault accidents, North Dakota state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, homeowner, passive restraint, accident-free, claim-free, and safe-driver discounts applied. When taking advantage of discounts, the average yearly reduction on auto insurance for good drivers is % or $.

How to find cheaper insurance for good drivers

The list below shows some of the better money-saving suggestions that can help North Dakota drivers locate lower-cost car insurance.

• Drive attentively and avoid accidents
• Claim-free drivers earn discounts
• Drive vehicles with five-star safety ratings
• Speeding tickets and other violations increase rates
• Good credit can help you save money
• Look for cheaper rates once a year by shopping around

The last suggestion is extraordinarily necessary, as was affirmed in this article. Car insurance prices in North Dakota fluctuate constantly, so you should be ready to change to a new company if a lower-cost policy is available.

Brand loyalty is not necessarily bad, but is isn’t recommended if that faithfulness ends up costing you a lot of money every month. Spend a few minutes and compare rates and find cheaper insurance for good drivers.