The Best Cheap North Dakota Homeowners Insurance for 2024

Purchasing homeowners insurance may be one of the least exciting things you do when you buy a home, but it is one of the most important. A good homeowners insurance policy can protect you from financial peril when trouble strikes. Here, we'll help identify the best homeowners insurance in North Dakota, show you the cheapest policies in the state, and outline key factors to look for in choosing a North Dakota home insurance policy.

• Cheapest overall for North Dakota: Agraria Mutual
• Cheapest for new home construction: State Auto Mutual
• Cheapest for older homes: North Star Co.
• Cheapest for homeowners who have filed a claim: North Star Co.

Cheapest overall for North Dakota

For cheap homeowners insurance in North Dakota, these four companies are at the head of the pack:

• Agraria Mutual, with an average annual rate of $1,185
• North Star Co. coming in with an average rate of $1,195
• Country Insurance, with an average annual rate of $1,235
• Nodak Mutual, also competitive with an average rate of $1,375

Cheapest for new home construction

Buying a new construction home comes with all kinds of perks, including paying less for homeowners insurance. Insurance companies realize that all the components of a new house are unlikely to fall apart anytime soon. That means less chance of basement flooding, leaky roofs, and other issues older homes face. The expected savings get passed on to the homeowner through lower insurance premiums. Here are the cheapest North Dakota home insurance providers for newly built homes:

• State Auto Mutual, offering an average annual rate of $578
• Nodak Mutual, with an average annual rate of $755
• Agraria Mutual, with an average annual rate of $763
• North Star Co., coming in with an average annual rate of $786

Cheapest for older homes

Older homes often offer one-of-a-kind architectural designs. The problem is that older homes also tend to have more problems. Foundation issues and leaky pipes lead to insurance claims. It's for that reason insurers tend to charge more to insure an older home. In North Dakota, these four companies offer the most competitive rates for older homes:

• North Star Co., with an average annual rate of $1,082
• Agraria Mutual, offering an average annual rate of $1,126
• Allstate, with an average annual rate of $1,321
• Nodak Mutual, offering a competitive rate of $1,355

Cheapest when you've made a claim

Having homeowners insurance in place when it's needed offers peace of mind. The only problem is that once a claim has been made, a homeowner can expect their insurance company to increase their insurance premiums for a time. While the increase will not last forever, it's important to know that it can happen. For a North Dakota homeowner who has made a claim, these four insurance companies continue to offer a low rate -- even after a submitted claim:

• North Star Co., offering a forgiving rate of $1,082
• Agraria Mutual, coming in with an average annual rate of $1,090
• Country Insurance, offering an average annual rate of $1,273
• Nodak Mutual, with an average annual rate of $1,371

Average home insurance cost in North Dakota compared to the national average

The average cost of homeowners insurance in North Dakota is $1,719, almost exactly the same as the national average of $1,725.

North Dakota homeowners insurance overview

A homeowner can be sure they've found the best homeowners insurance in North Dakota when they land a policy with full coverage and a low premium. As new homeowners begin their search for coverage, they're likely to have several unfamiliar terms thrown their way. Here's a breakdown of what some of those terms mean.

Different types of homeowners coverage

Insurance companies offer different types of policies. These policies range from very basic coverage to coverage with all the bells and whistles, depending on what the homeowner wants and needs. The best homeowners insurance companies offer many coverage options. There are so many options it can be tough to choose. It can help to make a list of desired coverages before shopping. For example, if a person's new home includes custom-made inlaid floors, a homeowner can be sure that a barebones policy is not right for them and they'll need extra coverage.

Level of coverage

While a basic policy may be the cheapest, it may not cover all losses. That's not to say a homeowner should not shop for the lowest price possible -- but they should do so only after determining the level of coverage they need. Imagine that a home is destroyed and must be rebuilt from the ground up, then determine how much rebuilding and replacing personal items is likely to cost. Once that's decided, a homeowner can shop for the best insurance rates on a policy providing an appropriate level of coverage.

Amount of deductible

Any time a homeowner makes a claim, they pay an insurance deductible toward the cost of repair or replacement. Let's say a storm blows much of the roof away and it's going to cost $18,000 to replace. If there's a $1,000 deductible on the policy, the homeowner pays the contractor $1,000, and the insurance company covers the remaining $17,000. The lower a homeowner's deductible, the higher their policy premium will be. One way to keep the cost of a policy low is to choose a higher deductible.

Potential discounts

One of the best ways to find cheap homeowners insurance in North Dakota is to take advantage of all discounts offered. It's impossible to fairly compare one policy to another without knowing how much each policy costs after all discounts are factored in. Fortunately, most insurers offer a menu of home insurance discounts. These discounts cover everything from whether the home has an alarm system to whether the plumbing has been recently upgraded.

What are the most common homeowners insurance claims in North Dakota?

Identifying the most common North Dakota home insurance claims can help a homeowner shop for and purchase the best home insurance for their needs.

Windstorms

Windstorms in North Dakota can not only blow shingles off a home's roof, but they are also the cause of fallen trees, blowing debris, and roof damage.

Lightning strikes and fire

One of the most common claims nationwide involves lightning strikes, and those strikes can lead to a fire. Because North Dakota is no exception, it's important to have adequate protection to cover each event.

Water damage

North Dakota receives an average of 13 to 20 inches of rain each year, with higher elevations receiving more. Rain can lead to roof leaks, flooded basements, dry rot, and destroyed personal property. But it's not just rain that leads to insurance claims. Issues like broken pipes and leaky appliances also lead to expensive repairs.

Homeowners Insurance Coverage Options and Discounts in North Dakota

The best homeowners insurance in North Dakota provides comprehensive coverage at a low price.

Coverage options

Here's a rapid rundown of the eight types of homeowners insurance:

• One type covers renters.
• Another type covers mobile homes only.
• The other six range from basic coverage to more extensive protection.

A comprehensive policy may also include protection for things like rare coins, valuable art, expensive jewelry, and building upgrades. The best insurance company will offer coverage that suits the specific needs of the policyholder.

Discount options

A big part of snagging inexpensive homeowners insurance in North Dakota depends on claiming as many discounts as possible. Here are some of the most common discounts found in The Peace Garden State.

• Installing a burglar alarm saves an average of 9%.
• Having a smoke alarm saves an average of 6%.
• Upgrading the plumbing system saves an average of 7%.
• A roof upgrade saves an average of 17%.
• Bundling home and auto coverage can save a whopping 20%.

5 cheapest cities in North Dakota for homeowners insurance

As an insurer determines premiums, it takes many factors into account, including:

• Area crime rate
• Value of surrounding property
• Cost to rebuild
• How far a home is from a fire station

Here are the five cheapest cities in North Dakota for homeowners insurance:

5 most expensive cities in North Dakota for homeowners insurance

And here are the five most expensive cities in North Dakota for homeowners insurance:

A homeowner can rest easy once they've landed the best homeowners insurance in North Dakota.