Would you like to save money by finding cheaper insurance rates in Fargo, ND? Feel like you're a prisoner to an underperforming, overpriced insurance policy? You're in good company because there are a lot of people in Fargo just like you who feel imprisoned by their insurance policy.

A recent insurance study revealed that a large majority of consumers have purchased from the same company for at least four years, and almost 40% of drivers have never compared rates from other carriers. The average driver in Fargo could cut their rates by about 40% a year just by comparing rates, but most tend to underestimate the large savings they would see if they moved their coverage to a different company.

There are many car insurance companies to buy insurance from, and even though it's nice to be able to choose, so many choices can make it hard to get the best deal.

Cheap companies for Fargo auto insurance

The providers in the list below can provide price quotes in North Dakota. If more than one company is shown, it's a good idea that you get rate quotes from several of them in order to get a fair rate comparison.

Insurance Rates for Popular Vehicles in Fargo
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LS $918 $459 $77
Chevrolet Silverado LT Regular Cab 2WD $856 $428 $71
Dodge Grand Caravan Crew $860 $430 $72
Dodge Ram Quad Cab ST 2WD $892 $446 $74
Ford Escape Limited 4WD $968 $484 $81
Ford F-150 XLT Crew Cab 4WD $1,098 $549 $92
Ford Focus SES 4-Dr Sedan $1,198 $599 $100
Honda Accord LX-P 4-Dr Sedan $804 $402 $67
Honda CR-V EX 2WD $664 $332 $55
Honda Civic SI 2-Dr Coupe $1,240 $620 $103
Honda Odyssey EX-L W/Navigation $890 $445 $74
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,022 $511 $85
Nissan Altima 3.5 SR 4-Dr Sedan $1,148 $574 $96
Toyota Camry XLE $970 $485 $81
Toyota Corolla XRS $1,290 $645 $108
Toyota RAV4 2WD $914 $457 $76
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Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Rate quotes do not factor in garaging location in Fargo which can modify coverage rates noticeably.

Physical damage deductible comparison

The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The tables below illustrate the costs and benefits between low and high policy deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Accord insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $204 $324 $258 $16 $78 $905 $75
Accord LX 4-Dr Sedan $204 $324 $258 $16 $78 $905 $75
Accord EX 4-Dr Sedan $204 $324 $258 $16 $78 $905 $75
Accord LX-P 4-Dr Sedan $204 $324 $258 $16 $78 $905 $75
Accord LX-P 4-Dr Sedan $204 $324 $258 $16 $78 $905 $75
Accord EX-L 4-Dr Sedan $234 $394 $258 $16 $78 $1,005 $84
Accord EX 2-Dr Coupe $234 $464 $342 $20 $102 $1,187 $99
Accord LX-S 2-Dr Coupe $234 $464 $342 $20 $102 $1,187 $99
Accord EX-L 2-Dr Coupe $264 $464 $342 $20 $102 $1,217 $101
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Honda Accord insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $166 $262 $258 $16 $78 $780 $65
Accord LX 4-Dr Sedan $166 $262 $258 $16 $78 $780 $65
Accord EX 4-Dr Sedan $166 $262 $258 $16 $78 $780 $65
Accord LX-P 4-Dr Sedan $166 $262 $258 $16 $78 $780 $65
Accord LX-P 4-Dr Sedan $166 $262 $258 $16 $78 $780 $65
Accord EX-L 4-Dr Sedan $190 $318 $258 $16 $78 $860 $72
Accord EX 2-Dr Coupe $190 $374 $342 $20 $102 $1,028 $86
Accord LX-S 2-Dr Coupe $190 $374 $342 $20 $102 $1,028 $86
Accord EX-L 2-Dr Coupe $214 $374 $342 $20 $102 $1,052 $88
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Dakota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in your specific Fargo location which can increase or decrease coverage prices significantly.

Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $11 more each month or $132 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you have at least 23 months between claim filings, you would probably save some money if you opt for a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $250 deductibles: $84
Average monthly premium for $500 deductibles (subtract): - $73
Monthly savings from raising deductible: $11
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One big caveat is that increasing deductibles to lower your rates means you will have to pay more of your own money at claim time. You should have some extra funds in the event you need to pay the higher deductible in order to repair your vehicle.

Responsible drivers pay cheaper auto insurance rates

The example below demonstrates how citations and at-fault accidents can affect Chevrolet Silverado insurance costs for different age groups. The premiums assume a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Chevrolet Silverado rates are for example purposes only. To get rates for your specific vehicle, click here.

Get cheaper rates by applying discounts

Car insurance can cost a lot, but you may qualify for discounts that many consumers don't even know exist. Most are applied when you purchase, but less common discounts must be manually applied before being credited. If you do not double check each discount you qualify for, you could be paying more than you need to.Save money with discounts

As is typical with insurance, most credits do not apply the the whole policy. Most only cut the cost of specific coverages such as liability and collision coverage. So even though you would think it's possible to get free car insurance, insurance companies wouldn't stay in business. But any discount will lower the amount you pay for coverage.

To see a list of insurers that offer many of these discounts in Fargo, click this link.

Compare rates but still have a neighborhood Fargo auto insurance agent

Some consumers just prefer to get professional advice from a licensed agent and doing that can be a smart decision One of the best bonuses of getting free rate quotes online is that you can find the best rates and still choose a local agent.

Insurance agents in FargoAfter filling out this quick form, your insurance data is instantly submitted to local insurance agents who want to provide quotes for your insurance coverage. There is no reason to drive around because prices are sent to you. Get lower rates AND a local agent. If you need to compare prices from a particular provider, you would need to search and find their rate quote page to submit a rate quote request.

Choosing the best insurer shouldn't rely on just the price. These questions are important to ask:

If you prefer to buy auto insurance from local Fargo agents, it can be helpful to understand the types of agencies and how they differ in how they can insure your vehicles. Agents are classified as either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agents

Exclusive agents are contracted to one company and examples are Farmers Insurance and State Farm. They generally cannot shop your coverage around so they have no alternatives for high prices. Exclusive agents are well schooled on their company's products which helps them compete with independent agents.

Shown below is a list of exclusive insurance agents in Fargo who may provide you with comparison quotes.


1330 Page Dr Ste 103 - Fargo, ND 58103 - (701) 293-8932 - View Map


5180 Prosperity Way S, Ste 102 - Fargo, ND 58104 - (701) 281-9200 - View Map


4357 13th Ave S #107 - Fargo, ND 58103 - (701) 552-7970 - View Map

View more Fargo agents

Independent Agents (or Brokers)

Independent insurance agents do not sell for just one brand so they have the ability to put coverage with many different companies depending on which coverage is best. If prices rise, they simply switch companies in-house and the insured can keep the same agent.

If you are comparing auto insurance prices, you will definitely want to include rate quotes from at a minimum one independent agency for maximum quote selection.

Shown below are independent agencies in Fargo willing to provide price quote information.


222 40th St S #1c - Fargo, ND 58103 - (866) 410-9444 - View Map


3033 Brandt Dr S #200 - Fargo, ND 58104 - (701) 232-7353 - View Map


1020 36th St S c - Fargo, ND 58103 - (701) 280-8860 - View Map

View more Fargo agents

Big brands don't always mean big savings

Well-known car insurance companies like 21st Century, Allstate and State Farm consistently run ads in print and on television. They all make the point that you can save if you move to their company. How does each company lower your auto insurance rates?

Insurance providers require specific criteria for the type of driver that earns them a profit. For example, a profitable customer could be between 25 and 40, carries high limits, and has great credit. Any customer who meets those qualifications will get the preferred rates in Fargo and therefore will cut their car insurance rates if they switch.

Drivers who do not fit this ideal profile may be required to pay higher prices and ends up with business not being written. The ad wording is "people that switch" not "everyone who quotes" save that kind of money. This is how insurance companies can lure you into getting a quote. Different companies use different criteria so it's extremely important to quote coverage with many companies. It's impossible to know which company will provide you with the cheapest car insurance in Fargo.

Insurance claim statistics

What vehicles have the most claims? The data below show the best and worst cars and trucks for overall likelihood of having claims.

Comprehensive Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
GMC Sierra 2500 Porsche Panamera GTS
Ford F-350 Bentley Continental GT
Chevy Silverado 2500 Mercedes-Benz S Class
Nissan Xterra BMW M6
Smart ForTwo Bentley Continental GTC
Nissan Leaf BMW M6

Statistics from IIHS.org for 2013-2015 Model Years

Liability Insurance Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Audi A6 Mitsubishi Lancer
Fiat 500 Mitsubishi Mirage
Subaru Outback Chevrolet Sonic
Acura MDX Hyndai Accent
Volvo XC60 Chevrolet Impala
Chevrolet Corvette Chrysler 200

Statistics from IIHS.org for 2013-2015 Model Years

Vehicles with the Lowest and Highest Medical Payment Claims
Lowest Overall Losses Highest Overall Losses
Ford Expedition Dodge Charger
Tesla Model S Mitsubishi Mirage
Chevrolet Silverado 3500 Kia Forte
Chevrolet Silverado 2500 Chevrolet Sonic
Ford F-250 SuperCrew Nissan Versa
Ford F-350 SuperCrew Hyundai Accent

Statistics from IIHS.org for 2013-2015 Model Years

Lowest and Highest Collision Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Chevrolet Colorado Bently Continental GTC
Nissan Xterra Bently Continental GT
Ford F-250 SuperCab Bentley Continental Flying Spur
Jeep Wrangler BMW M6
Smart ForTwo Nissan GT-R
GMC Canyon Audi RS7

Statistics from IIHS.org for 2013-2015 Model Years

You can find affordable coverage

More affordable auto insurance in Fargo can be purchased online and also from your neighborhood Fargo agents, and you should be comparing both in order to have the best chance of saving money. Some companies may not offer rates over the internet and many times these small insurance companies prefer to sell through independent insurance agencies.

Throughout this article, we presented a lot of techniques to shop for auto insurance online. The key concept to understand is the more quotes you get, the better your comparison will be. You may even discover the lowest car insurance rates are with the smaller companies. These smaller insurers may only write in your state and offer lower premium rates than the large multi-state companies such as State Farm, GEICO and Nationwide.

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