Like many other states, in North Dakota auto insurance is required by law. However, as North Dakota auto insurance quotes are lower than they are in any other state, the dent in local wallets for carrying a policy is decidedly more affordable. While the average cost of car insurance nationwide is $804 a year, North Dakota auto insurance is $512. With averages in some other states running over $1,000, the Roughrider State truly has reason to celebrate.
Lowering North Dakota Auto Insurance Premiums
Of course, just because a state's average auto insurance rates are lower than the rest doesn't necessarily mean that each individual is getting the lowest premiums available. Auto insurance in North Dakota is affected by many factors, and adjusting these factors can mean discounts for you. Currently, North Dakota auto insurance providers give discounts or lower premiums to drivers who have outstanding credit scores, drivers who have been accident-free for 3 or more years, senior citizens, students with excellent grades, those who install an anti-theft device in their vehicle, and divers who voluntarily take a defensive driving course.
Of course, you can also lower your car insurance premiums by raising your deductible or lowering your coverage, but because both of these decisions can backfire if you get into an accident, careful consideration should be taken before either tactic is used.
Getting Multiple North Dakota Auto Insurance Quotes
All insurance companies consider the risks a particular policy holder poses when determining their premium. Young, single males are generally considered riskier to insure than married women over 55 because statistically the former gets into more accidents. Your age, your vehicle, your driving history, and many other factors give insurance providers an indication of how risky giving you a policy will be, but because different insurance providers put more weight on certain factors, it is often the case that the same person driving the same vehicle can be quoted very different rates from one company to the next.
Again, North Dakota auto insurance quotes are lower than those in other states, but unless you examine multiple quotes, you'll never know what the going rate is for insuring a driver with your particular characteristics. Whether you are purchasing your first policy or you have been with the same company for years, getting multiple quotes will tell you who will provide the best coverage for the least amount of money. In some cases, getting multiple North Dakota auto insurance quotes can save you hundreds of dollars a year.
Comparing Auto Insurance Policies
When examining auto insurance quotes, North Dakotans need to make sure they are comparing apples to apples. Make sure the quotes you are comparing have the same deductible, offer the same types of coverage, and have the same limits on how much they will pay out in the event of an accident. If these three factors are not in alignment, it can be difficult to tell which company is offering the best deal.
Common North Dakota Auto Insurance Policies
While individual policies can be customized to meet the needs of the people who buy them, most North Dakota auto insurance policies begin as one of a few basic models. The cheapest North Dakota auto insurance is designed to meet the bare minimums required by law. The minimum car insurance requirements are a little different in North Dakota than they are in other states because, in addition to liability coverage, the state also requires uninsured motorist coverage, underinsured motorist coverage, and basic no-fault coverage (also known as personal injury protection or PIP). The inclusion of these additional types of coverage makes the Peace Garden State an even safer place to drive in.
North Dakota auto insurance providers offer far more protection than the bare minimum, however, and unless you own your vehicle outright, collision and/or comprehensive insurance may be required by your lender. Collision insurance will cover damage to your vehicle, no matter who is at fault in an accident. Comprehensive coverage pays for damage caused by non-collision incidents like falling objects, vandalism, theft, and fire. Other types of coverage are available and the limits on collision, comprehensive, and other policies can be raised if you want added security in the event of an incident.
Remember: No matter what kind of coverage you currently have, different insurance providers may offer you a better rate on a similar policy. The only way to know if you're getting the best deal is, of course, to get a few auto insurance quotes and see what the other companies are offering.