Home Renters insurance Renters insurance cost North Dakota Fargo, ND Average renters insurance cost in Fargo, North Dakota The average cost of renters insurance in Fargo is $171 per year or $14 per month. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite 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. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: May 12, 2025 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 Fargo, renters insurance costs an average of $171 per year for $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible, which is $5 less than the statewide average of $176.It can be higher or lower depending on the coverage limit you choose and the amount of liability the policy provides. If you rent, you should consider buying renters insurance because it protects your personal belongings from damage caused by covered perils such as fire or smoke damage, theft, vandalism and other mishaps. Looking for affordable renters insurance in Fargo? We’ve compared the top companies to help you find the cheapest options.Key TakeawaysRenters insurance in Fargo costs an average of $171 per year or $14 monthly.State Farm offers the cheapest renters in Fargo, with a monthly premium of $10.Renters can save more on insurance by taking advantage of discounts, including those for having a security system or bundling policies.What is the average cost of renters insurance per month in Fargo?On average, renters insurance costs in Fargo are $14 per month. It’s $1 less than the state average of $15. Renters in Fargo pay these rates for a coverage limit of $40,000 in personal property coverage, $1,000 deductible, and $300,000 in liability protection coverage.Renters insurance rates can vary by city based on your insurer and the amount of coverage you choose. In Fargo, for example, renters pay around $10 per month for $20,000 in personal property coverage with a $1,000 deductible. If you increase your coverage to $40,000, the monthly premium goes up by $4.If you own high-value items like jewelry, electronics, or designer furniture, it’s a good idea to consider higher coverage limits to make sure you’re fully protected.How much is renters insurance in Fargo by deductible?Renters insurance in Fargo costs $133 per year for a $500 deductible and $20,000 in personal property coverage.Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay $12 less every year for insurance.Below are the renters insurance rates for different personal property coverage and deductible amounts.Deductible$20,000 personal property$40,000 personal property$60,000 personal property$500$133$191$243$1,000$121$171$218Note: The liability protection coverage is $100,000.Who offers affordable renters insurance in Fargo?State Farm provides the cheapest rates in Fargo, with an annual premium of $114 or $10 per month. American Family is the second-cheapest company, followed by Allstate.Below is a list of the cheapest renters insurance companies and their average annual and monthly rates.Renter insurance providerAverage annual rateAverage per month rateState Farm$114$10American Family$129$11Allstate$138$12Nodak Insurance$157$13North Star Mutual$182$15Agraria Mutual$186$16Country Financial$201$17Farmers$202$17Auto-Owners$205$17How to lower the cost of renters insuranceFollow these tips to reduce the cost of your renters insurance in Fargo:Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Fargo provide discounts for bundled policies.Increase your deductible. A higher deductible can lower your premium in Fargo, but make sure you’re comfortable with the potential out-of-pocket costs if you file a claim.Choose the right coverage amount. Review your renters insurance policy regularly to ensure you aren’t paying for unnecessary coverage, such as excess personal property coverage if you don’t own many valuables.Avoid filing too many claims. Filing frequent small claims can increase your rates. It might be worth paying for minor damages out-of-pocket instead of using your insurance.Compare quotes. Don’t accept the first quote you get. Shop around and compare renters insurance rates from different insurers in Fargo to find the best deal.Renters in Fargo should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.MethodologyInsure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Fargo in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment. How much is renters insurance in other cities?BismarckGrand ForksMinotWest FargoShivani GiteContributing 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. 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 2025 What is dwelling coverage and how much do you need? 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By Nupur Gambhir State Farm home and auto bundle insurance in 2025 By Jessica Olson $400K home insurance cost calculator By Zack Sigel On this page What is the average cost of renters insurance per month in Fargo?How much is renters insurance in Fargo by deductible?Who offers affordable renters insurance in Fargo?How to lower the cost of renters insuranceMethodology ZIP Code Please enter valid ZIP See rates