Home Home insurance Average home insurance cost North Dakota Grand Forks, ND Average homeowners insurance cost in Grand Forks, ND View Carriers Please enter valid zip Compare top carriers in your area Written by By Insure.com's EditorUpdated on: September 3, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. In Grand Forks, homeowners pay an average annual rate of $2,877 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $295 more than the national average of $2,582. Homeowners insurance rates change from one home to another. The home insurance premium in Grand Forks depends on various factors, such as: 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, enabling you to find the right 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 takeawaysIn Grand Forks, homeowners insurance costs $2,877 annually. North Star Mutual offers the most affordable homeowners insurance in Grand Forks with an average annual premium of $1,922. If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $652 higher. Average homeowners insurance cost in Grand Forks per month According to Insure.com’s rate analysis, residents of Grand Forks pay an average of $240 per month for homeowners insurance. This is $34 less than the state average of $274 and $25 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Grand Forks can vary depending on your location, property value, and selected coverage options. Average homeowners insurance cost for a $200,000 house in Grand ForksThe average cost of homeowners insurance in Grand Forks, ND is $2,225 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city. Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage. Average homeowners insurance cost for a $300,000 house in Grand Forks 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 sufficient 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 analyzed, North Star Mutual is the most affordable homeowners insurance company in Grand Forks. It’s average annual rate for homeowners in Grand Forks is $1,922.Agraria Mutual, ranks second and Nodak Insurance makes it to the third spot with an average annual home insurance rate of $2,028.Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Grand Forks and compiled a list of the most affordable home insurance companies.Below are details of Grand Forks home insurance companies and their average annual premiums.Home Insurance Company Annual rate North Star Mutual$1,922Agraria Mutual$2,025Nodak Insurance$2,028American Family$2,243Allstate$2,324Country Financial$2,428Auto-Owners$2,637State Farm$2,844Farmers$4,399 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. How much is home insurance in other citiesBismarckFargoMinotWest Fargo In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? 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