Average homeowners insurance cost in North Dakota

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in North Dakota costs an average of $3,134 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in North Dakota by insurance company and ZIP code.

Key Takeaways

Homeowners insurance costs an average of $3,134 a year, based on our analysis.
Of all the ZIP codes in North Dakota, 58201 has the most affordable home insurance rates at around $2,842 annually.
In North Dakota, North Star Mutual provides the most affordable home insurance at an average annual premium of $1,883.

Average home insurance cost in North Dakota by coverage level

In North Dakota, the annual homeowners insurance cost is $3,134, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $3,885 in North Dakota, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in North Dakota based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,418	$202
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,431	$203
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,134	$261
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,147	$262
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,885	$324
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,898	$325
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$5,199	$433
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$5,213	$434
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$7,846	$654
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$7,861	$655

In North Dakota, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in North Dakota

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in North Dakota using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in North Dakota. Based on the analysis, North Star Mutual received the lowest NAIC score and A+ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
North Star Mutual	$1,883	A+	0.72	5
American Family	$2,431	A	0.37	4.94
Agraria Mutual	$2,017	A	0.22	4.88
Allstate	$2,586	A+	0.9	4.66
Auto-Owners	$3,154	A++	0.33	4.49
State Farm	$3,119	A++	0.95	4.48
Country Financial	$3,188	A+	0.26	4.4
Farmers	$4,513	A	0.54	3.68

Average homeowners insurance cost by company in North Dakota

North Star Mutual offers the most affordable homeowners insurance in North Dakota, at an average annual premium of $1,883, followed by Agraria Mutual and American Family.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for North Dakota homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
North Star Mutual	$1,883	$157
Agraria Mutual	$2,017	$168
American Family	$2,431	$203
Nodak Insurance	$2,552	$213
Allstate	$2,586	$215
State Farm	$3,119	$260
Auto-Owners	$3,154	$263
Country Financial	$3,188	$266
Farmers	$4,513	$376

North Dakota homeowners insurance rates by ZIP code

In North Dakota, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in North Dakota. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in North Dakota

Not every area in North Dakota has the same home insurance cost. How much you pay for homeowners insurance in North Dakota depends on many factors, including your ZIP code. Our data shows that 58201 ZIP has low-cost home insurance rates in North Dakota, at about $2,842 a year or $237 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in North Dakota.

ZIP code	Average annual rate	Average monthly rate
58201	$2,842	$237
58256	$2,870	$239
58203	$2,875	$240
58258	$2,899	$242
58204	$2,901	$242
58316	$2,909	$242
58278	$2,911	$243
58078	$2,912	$243
58202	$2,914	$243
58318	$2,919	$243

Most expensive ZIP codes for home insurance rates in North Dakota

In North Dakota, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 58533 ZIP pay the highest insurance rates in North Dakota, with an average annual premium of $3,605.

Below is a list of some of the most expensive ZIP codes in North Dakota for homeowners insurance.

ZIP code	Average annual rate	Average monthly rate
58533	$3,605	$300
58631	$3,591	$299
58638	$3,582	$298
58520	$3,581	$298
58646	$3,579	$298
58650	$3,573	$298
58563	$3,572	$298
58647	$3,564	$297
58580	$3,546	$295
58562	$3,535	$295

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in North Dakota by city

See rates in your city

Fargo

Grand Forks

West Fargo

Home insurance rate trend in North Dakota

We analyzed home insurance rate trends in North Dakota and found that homeowners insurance rates experienced an overall increase of 7% or $203, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

2019 rates	2022 rates	2023 rates
$2,239	$2,931	$3,134

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in North Dakota.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.