Average homeowners insurance cost in Grand Forks, North Dakota

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The average cost of homeowners insurance in Grand Forks is $2,877 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $295 more than the national average of $2,582 .

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Grand Forks depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Grand Forks, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Grand Forks.

Key Takeaways

The cost of your homeowners insurance policy in Grand Forks can vary based on factors such as your location, the value of your home, and the coverage options you select.
North Star Mutual is the cheapest homeowners insurance company in Grand Forks with an average annual premium of $1,922 .
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $652 more annually for home insurance.

Average homeowners insurance cost in Grand Forks per month

Residents of Grand Forks pay an average of $240 a month for homeowners insurance. It’s $34 less than the state average of $274 and $25 more than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Grand Forks may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Grand Forks, ND, homeowners pay an average of $2,225 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

As per rate analysis by Insure.com, homeowners residing in Grand Forks typically pay an average of $2,877 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $652 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Grand Forks by company

Among the carriers we analyzed, North Star Mutual is the cheapest homeowners insurance company in Grand Forks. Its average annual rate for Grand Forks homeowners is $1,922 , while Agraria Mutual ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Grand Forks and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
North Star Mutual	$1,922
Agraria Mutual	$2,025
Nodak Insurance	$2,028
American Family	$2,243
Allstate	$2,324
Country Financial	$2,428
Auto-Owners	$2,637
State Farm	$2,844
Farmers	$4,399

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in North Dakota that can impact your home insurance

Living in North Dakota comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

North Dakota is commonly affected by Cold wave and Winter weather.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Grand Forks for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.