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Best homeowners insurance companies in North Dakota for 2024

Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.

Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.

Powered by Coverage.com (NPN: 19966249)

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At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict  editorial integrity, this post may contain references to products from our partners. Here’s an explanation of  how we make money. Our content is backed by Coverage.com  LLC, a licensed entity (NPN: 19966249). For more information, please see our  Insurance Disclosure.

Homeowners in North Dakota pay an average of $2,475 per year for home insurance, 15 percent more than the national average. But price isn't everything. Bankrate's insurance editorial team — including licensed insurance agents — aims to help you find home insurance that fits both your needs and budget. Our goal is to provide insights about the North Dakota insurance market so you can feel confident making the right choice for your needs.

To find the best homeowners insurance in North Dakota, we reviewed each company's average rates, coverage offerings, discounts, digital tools, third-party ratings, accessibility and more. We compiled that data into a proprietary Bankrate Score. Based on our assessment, these are some of the best North Dakota homeowners insurance companies:

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

This content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Compare the best homeowners insurance companies in North Dakota 

North Dakota homeowners pay an average of $2,475 per year for home insurance, substantially more than the national average of $2,151. Based on our research, though, three of the five best North Dakota homeowners insurance companies have rates lower than the state average. And although cheap home insurance is a perk, we also looked at other factors — like customer satisfaction scores from J.D. Power, available coverage types and discounts — to choose companies that are impressive in more than just their prices. If you’re shopping for the best homeowners insurance in North Dakota, you may want to get quotes from these companies:

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

The top five home insurance companies in North Dakota

Allstate

Best for personalized coverage

Average annual premium

Average annual premium

Why Allstate made our list: Allstate is a widely recognized name in the insurance industry, and for good reason. The company boasts high financial strength ratings, offers several discounts and unique endorsements, and has local agents available for those who prefer to handle their insurance needs in person. Allstate’s customer and claims satisfaction ratings from J.D. Power aren't the best, though, which is something to bear in mind when you are shopping for coverage.

Who Allstate may be good for: Allstate might be a good choice if you are looking for unique coverage offerings, such as an endorsement for home-sharing programs.

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Auto-Owners

Best for discounts

Average annual premium

Average annual premium

Why Auto-Owners made our list: Auto-Owners may not be the most widely-known home insurance company, but it is available in 26 states and offers a unique blend of low average rates, excellent financial strength and above-average customer satisfaction scores. Auto-Owners operates through local independent agents, which may be appealing to some. However, the company doesn’t have an online quoting tool.

Who Auto-Owners may be good for: If you’re looking for a list of discounts to help you lower your premium even more, Auto-Owners might be a good choice. The company offers potential savings for being mortgage-free, having an automatic water shut-off system and owning a qualifying life insurance policy.

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Country Financial

Best for tight budgets

Average annual premium

Average annual premium

Why Country Financial made our list: Another more regional carrier, Country Financial, operates in 19 states and has the second-highest J.D. Power customer satisfaction rating on our list, as well as a below-average premium and a high financial strength rating. Country Financial also offers flood insurance through CC Services and earthquake insurance, but it does not offer online quoting. 

Who Country Financial may be good for: With an average annual premium well below North Dakota’s average, Country Financial might be a good choice for shoppers on a tight budget who like to conduct their insurance business with a local agent.

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State Farm

Best for local agents

Average annual premium

Average annual premium

Why State Farm made our list: State Farm is the largest home insurance company in the country by market share and is a well-known household name. With Superior AM Best financial strength, an above-average J.D. Power customer satisfaction score and plenty of coverage options, State Farm easily made our list of top North Dakota homeowners insurance companies. State Farm’s average rate in North Dakota is higher than the state average, though.

Who State Farm may be good for: If you prefer to handle your insurance needs in person rather than by phone or digitally, State Farm could be a good choice.

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American Family

Best for unique add-ons

Average annual premium

Average annual premium

Why American Family made our list: American Family is the 12th largest property insurance company in the nation and has the highest J.D. Power customer satisfaction ranking on our list. It sells insurance in 19 states, and based on our research, it’s average rate is the second cheapest in North Dakota.

Who American Family may be good for: American Family may be a good fit if you’re looking for unique add-ons to maximize your home’s protection. The insurer offers a variety of optional coverages, including equipment breakdown matching siding protection and sump pump and water backup coverage.

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How Bankrate chose the best home insurance companies in North Dakota

To find the best homeowners insurance companies in North Dakota, Bankrate’s insurance editorial team used Quadrant Information Services to obtain 2024 premium information. We also reviewed J.D. Power’s 2023 U.S. Home Insurance Study, which ranked companies based on customer satisfaction. The providers included as the best home insurance companies in North Dakota were selected based on average premiums, policy options, discounts, customer service scores and financial strength ratings. These factors were used to calculate a Bankrate Score for each carrier, with five points being the highest score.

While coverage options, insurer availability, affordability and customer experience are often top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

How much is homeowners insurance in North Dakota?

In North Dakota, the average cost of homeowners insurance is $2,475 per year for a policy with $300,000 in dwelling coverage, much higher than the national average premium of $2,151 per year for the same coverage amount. However, North Dakota homeowners pay more, on average, than homeowners in neighboring states. Minnesota homeowners, for example, pay an average of $2,527 per year. And North Dakota homeowners pay slightly more expensive rates than South Dakota homeowners, who pay an average of $2,529 per year. On the other hand, Montana residents pay less than North Dakota homeowners, averaging $2,311 annually.

Home insurance premiums are determined by using several rating factors. Your ZIP code, credit score, claims history, marital status and home details are considered rating factors for home insurance rates in North Dakota. North Dakota’s higher-than-average insurance premiums could be partly due to the state’s common causes of loss, including wildfires, winter storms and tornadoes.

How to find the best cheap home insurance in North Dakota

Finding home insurance within your budget is important, but there are other considerations outside of price. When you’re searching for the best and cheapest North Dakota home insurance, you may want to consider these steps:

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.

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Common home insurance discounts in North Dakota

Home insurance discounts may be one of the quickest ways to lower your premium. North Dakota homeowners looking for lower rates might want to consider these common discounts:

Home insurance coverage options in North Dakota

Homeowners in North Dakota can purchase a standard home insurance policy with common coverage types, like dwelling, personal property, liability, medical payments and loss of use. Most North Dakota home insurance policies offer optional endorsements and coverage you can use to tailor your policy to your specific needs, such as:

North Dakota homeowners may also want to consider flood insurance. Confirming how your policy covers wind, hail and water damage could also be worthwhile since severe weather is common.

Frequently asked questions

Based on our research, the cheapest home insurance companies in North Dakota include Farmers Mutual, Nodak and North Star Mutual. Keep in mind that rates vary based on a number of rating factors, such as the crime rate in your neighborhood, the size and age of your home and your claims history. Shopping around and getting quotes from multiple insurance companies may be one of the best ways to find the most competitive price for you.

Based on our research, the cheapest home insurance companies in North Dakota include Farmers Mutual, Nodak and North Star Mutual. Keep in mind that rates vary based on a number of rating factors, such as the crime rate in your neighborhood, the size and age of your home and your claims history. Shopping around and getting quotes from multiple insurance companies may be one of the best ways to find the most competitive price for you.

Is homeowners insurance required in North Dakota?

Home insurance is not legally required in North Dakota or any other state. However, most mortgage lenders require homeowners insurance as a loan requirement. If you do not have a mortgage or other kind of home loan, you may be able to go without home insurance, but you could potentially be open to great financial risk. Consider the cost to repair or rebuild your home if it is damaged or destroyed, and plan accordingly. Homeowners insurance could protect you from financial devastation and is often an important part of your financial plan.

Home insurance is not legally required in North Dakota or any other state. However, most mortgage lenders require homeowners insurance as a loan requirement. If you do not have a mortgage or other kind of home loan, you may be able to go without home insurance, but you could potentially be open to great financial risk. Consider the cost to repair or rebuild your home if it is damaged or destroyed, and plan accordingly. Homeowners insurance could protect you from financial devastation and is often an important part of your financial plan.

How do I get home insurance in North Dakota?

To purchase home insurance in North Dakota, you will want to determine what you need from your policy. Once you know what you are looking for, you can research companies that offer the type of coverage you need and request quotes for comparison. If you are not sure what kind of coverage to purchase, you can talk to a licensed agent who can help guide you through the process.

To purchase home insurance in North Dakota, you will want to determine what you need from your policy. Once you know what you are looking for, you can research companies that offer the type of coverage you need and request quotes for comparison. If you are not sure what kind of coverage to purchase, you can talk to a licensed agent who can help guide you through the process.

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.

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