These are the best car insurance options in Fargo, N.D.: USAA, North Star Mutual, Auto-Owners, State Farm and Nodak. These companies provide cheaper-than-average rates, offer high-quality coverage and have smooth claims processes.
Keep reading: Cheap auto insurance
Unless stated otherwise, the following cost tables show average rates for the driving profile of a 35-year-old married driver with good credit and a clean driving history.
How Much Is Car Insurance in Fargo, N.D.?
Our data shows that the average cost of car insurance for minimum coverage in Fargo is $42 per month or $501 per year. This is about 20% less than the national average of $52 per month or $627 per year. Full-coverage insurance costs $133 per month or $1,601 per year on average, which is also 20% less expensive than the national average of $167 per month or $2,008 per year for full coverage.
Cheapest Liability Car Insurance in Fargo
USAA offers the cheapest liability insurance with average rates of $23 per month or $272 per year. North Star Mutual is the second-cheapest option in Fargo with average rates of $23 per month or $276 per year.
Liability coverage is the minimum coverage required by the state of North Dakota. According to North Dakota law, all drivers must either meet or exceed the following minimum insurance requirements:
$25,000 bodily injury liability per person
$50,000 bodily injury liability per accident
$25,000 property damage liability per accident
$25,000 underinsured/uninsured motorist bodily injury coverage per person
$50,000 underinsured/uninsured motorist bodily injury coverage per accident
$30,000 personal injury protection
Cheapest Full-Coverage Car Insurance in Fargo
A full-coverage car insurance policy can be pricey in Fargo. Full coverage includes liability plus comprehensive coverage and collision coverage, which protect against damages to your vehicle caused by car accidents, severe weather and instances of theft or vandalism. USAA is the cheapest full-coverage option with average rates of $82 per month or $980 per year.
Fargo Car Insurance Quotes by Driver Profile
There are lots of factors that influence car insurance prices, so what’s cheap for one person may not be for someone else. In this part, we’ll check out how much car insurance costs in Fargo vary based on the driver’s age, credit score and driving history.
Drivers can save on auto insurance by increasing their deductibles and by comparing quotes from insurance agencies throughout Fargo and West Fargo. Bundling auto coverage with life insurance, renters insurance and homeowners insurance is also a good idea.
Fargo Car Insurance Cost by Age
Teenagers and young drivers generally pay the most money for car insurance because they have a greater chance of getting into a car accident or breaking traffic rules. Our data shows that 16-year-olds pay about $200 per month or $2,398 per year for car insurance in Fargo.
The cost of car insurance gets cheaper as people enter their 20s, and it keeps getting lower as the years go by. Take a look at the average minimum-coverage car insurance prices in Fargo for different age groups.
Cheapest Car Insurance in Fargo: Teen Drivers
Car insurance for teens is expensive, but some insurance providers tend to be more affordable than others. Our data shows that North Star Mutual is the cheapest car insurance company for teen drivers with minimum-coverage rates as low as $56 per month or $678 per year. Auto-Owners, American Family and Grinnell Mutual also offer cheap insurance premiums for Fargo teens.
Fargo Car Insurance Cost by Credit Score
The majority of states, including North Dakota, permit car insurance companies to consider credit scores when setting insurance rates. Individuals with low credit scores will have to pay higher premiums for their car insurance, while those with good credit scores usually pay less.
Cheapest Car Insurance in Fargo: Poor Credit
Our rate data shows that North Star Mutual is the cheapest option for car insurance with bad credit in Fargo. The company offers minimum-coverage options to policyholders with poor credit for rates of $38 per month or $460 per year. This is 8% less than the overall state average for minimum coverage with good credit.
Fargo Car Insurance Cost by Driving Record
People who’ve been issued speeding tickets, gotten into accidents or received DUIs should anticipate higher car insurance costs. On average, speeding can increase your rates by 17%, an at-fault accident by 30% and a DUI by 48%.
Through our team’s research, we’ve concluded that State Farm is the top choice in Fargo for those with driving record violations. The table below shows average rates by company for drivers who have either a speeding ticket, accident or DUI on their record.
Keep reading: Insurance rates for high-risk drivers
Cheapest Car Insurance in Fargo: Speeding Ticket
Let’s take a closer look at prices for high-risk drivers. According to our data, USAA offers the cheapest auto insurance rates to those with a speeding ticket on their records —$27 per month or $325 per year. State Farm follows with an average monthly rate of $32, while North Star Mutual, Auto-Owners and Nodak round out the top five options for cheap speeding ticket car insurance in Fargo.
Cheapest Car Insurance in Fargo: At-Fault Accident
If you’ve previously caused a car accident, your insurance rates could go up by a larger amount than if you had gotten a speeding ticket. USAA and State Farm are the cheapest options here with average rates of about $34 per month and $35 per month, respectively. You can see that some auto insurance companies charge much more for this coverage after an accident.
Cheapest Car Insurance in Fargo: DUI
Getting a DUI is a major offense that can cause your car insurance rates in Fargo to go up by hundreds of dollars each year. State Farm is far cheaper than other companies, offering average rates of $32 per month or $382 per year for drivers with a DUI. American Family, Grinnell Mutual and Progressive are also good options with rates under $53 per month on average.
Cheap Car Insurance in Fargo, N.D.: The Bottom Line
In Fargo, car insurance costs 13% more than the average in North Dakota but 20% less than the average across the country. USAA offers the cheapest minimum-coverage plans in the city, starting at around $23 per month. USAA also has affordable full-coverage rates for Fargo drivers starting at $82 each month.
Compare free auto insurance quotes to find the company that meets your North Dakota car insurance needs at the best rate possible. You can compare insurance products and get quotes online or from insurance agents.
Cheapest Auto Insurance in Fargo, N.D.: FAQ
Here are some frequently asked questions about the cheapest auto insurance in Fargo:
*Cost data comes from Quadrant Information Services and is accurate at time of publication.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.