Do you want a faster way to compare the cheapest car insurance rates in West Fargo, ND? Getting the cheapest quotes can seem to be somewhat intimidating for vehicle owners that are not comfortable with quoting and comparing rates over the internet. With so many insurance agents and insurers available, how can vehicle owners be able to compare every possible option in order to find cheaper car insurance rates?
Unfortunately, a large majority of consumers have bought car insurance from the same company for well over three years, and nearly half have never even compared quotes to find affordable rates. With the average car insurance premium being $2,000, North Dakota drivers could cut their rates by roughly $739 a year just by getting comparison quotes, but they don't invest the time required to compare other rate quotes.
It's a good idea to compare premium rates on a regular basis because prices are variable and change quite frequently. Even if you got the lowest rate on car insurance last year a different company probably has better premium rates today. Forget anything you know (or think you know) about car insurance because you're about to find out one of the easiest ways to properly buy coverages while reducing your premium.
If you have a policy now, you will most likely be able to reduce premiums using the tips covered below. Our objective is to introduce you to how car insurance quotes work and some tricks to saving. But North Dakota car owners do need to learn the methods companies use to calculate your car insurance rates because rates fluctuate considerably.
When quoting auto insurance, remember that getting more free quotes will increase your chances of finding a better price. Not every company does rate quotes online, so it's important to compare price quotes from those companies as well.
The companies shown below are our best choices to provide quotes in North Dakota. If multiple companies are listed, we recommend you visit as many as you can in order to get a fair rate comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT 4WD||$880||$440||$73|
|Chevrolet Equinox LTZ 2WD||$1,252||$626||$104|
|Chevrolet Malibu Hybrid||$914||$457||$76|
|Chevrolet Silverado Crew Cab Hybrid 4WD||$1,350||$675||$113|
|Dodge Ram Quad Cab SLT 2WD||$1,274||$637||$106|
|Ford Escape XLS 2WD||$794||$397||$66|
|Ford F-150 STX Regular Cab 4WD||$1,000||$500||$83|
|Ford Focus S 4-Dr Sedan||$886||$443||$74|
|Honda Accord LX 4-Dr Sedan||$594||$297||$50|
|Honda CR-V EX-L 4WD||$800||$400||$67|
|Honda Civic SI 2-Dr Coupe||$1,028||$514||$86|
|Hyundai Elantra SE 4-Dr Sedan||$844||$422||$70|
|Hyundai Sonata GLS 4-Dr Sedan||$1,268||$634||$106|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,262||$631||$105|
|Nissan Rogue S 2WD||$1,016||$508||$85|
|Toyota Camry Hybrid||$1,052||$526||$88|
|Toyota Corolla LE||$996||$498||$83|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,156||$578||$96|
|Get Your Own Custom Quote Go|
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can lower or raise auto insurance rates significantly.
Should you buy full coverage?
The diagram below illustrates the difference between Chevrolet Silverado insurance costs with and without physical damage coverage. The rates are based on no tickets, no at-fault accidents, $500 deductibles, single male driver, 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.
Should you be buying full coverage?
There is no set guideline to exclude comp and collision coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.
For example, let's say your Chevrolet Silverado replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after paying the physical damage deductible. If it's costing in excess of $600 a year for full coverage, then it may be the right time to buy liability only.
There are some scenarios where buying only liability insurance is not financially feasible. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
Rate comparison of male drivers versus female drivers
The chart below visualizes the comparison of annual premium costs for male and female drivers in West Fargo. The premium estimates are based on no violations or accidents, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium on a Ford Escape Limited.
Ford Escape rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Why you need insurance for your vehicle
Despite the potentially high cost of insurance, insurance is required by state law in North Dakota and it also provides benefits you may not be aware of.
- Most states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance in order to be legal. In North Dakota these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a lienholder, almost all lenders will make it mandatory that you carry insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank may insure your vehicle at an extremely high rate and force you to reimburse them for it.
- Insurance protects not only your vehicle but also your assets. It will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are sued as the result of an accident. If you have damage to your vehicle as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance outweigh the cost, specifically if you ever have a liability claim. As of last year, the average driver in North Dakota is overpaying more than $865 each year so it's important to compare rates every year to ensure rates are inline.
Get cheaper rates on insurance with these nine discounts
Insurance is not an enjoyable expense, but you can get discounts to help offset the cost. Some discounts will apply at the time of purchase, but a few must be asked about before you get the savings. If you are not receiving all the discounts available, you are just wasting money.
- Auto/Life Discount - Not all companies offer life insurance, but some may give you a discount if you purchase life insurance from them.
- Use Seat Belts - Drivers who require all occupants to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
- 55 and Retired - If you qualify as a senior citizen, you may qualify for a discount up to 10%.
- Discount for Home Ownership - Just owning your own home can help you save on insurance since home ownership means you have a higher level of financial diligence.
- Discounts for Federal Employees - Active or former government employment could provide a small rate reduction depending on your company.
- Defensive Driving Course - Taking a class that teaches driver safety techniques could earn you a small percentage discount and also improve your driving technique.
- Discounts for Cautious Drivers - Safe drivers may receive a discount up to 45% than drivers with accident claims.
- New Car Discount - Insuring a new car can get you a discount because newer models have to meet stringent safety requirements.
- Discount for Good Grades - Being a good student can save 20 to 25%. This discount can apply up to age 25.
Keep in mind that most credits do not apply to the whole policy. Some only reduce specific coverage prices like liability, collision or medical payments. If you do the math and it seems like all the discounts add up to a free policy, you aren't that lucky.
A few companies who may offer some of the discounts shown above possibly include:
Before you buy a policy, ask every insurance company what discounts are available to you. Discounts might not be offered on policies in your area. If you would like to view insurers who offer online insurance quotes in West Fargo, follow this link.
Car insurance 101
Understanding the coverages of your insurance policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection when the "other guys" do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your vehicle.
Since a lot of drivers only purchase the least amount of liability that is required (25/50/25), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like damage from flooding, rock chips in glass, hitting a bird and vandalism. The highest amount you'll receive from a claim is the actual cash value, so if the vehicle's value is low consider dropping full coverage.
Auto liability insurance
Liability coverage provides protection from damage that occurs to a person or their property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against things like funeral expenses, loss of income, repair costs for stationary objects, bail bonds and legal defense fees. How much liability should you purchase? That is a personal decision, but it's cheap coverage so purchase as large an amount as possible. North Dakota requires drivers to carry at least 25/50/25 but you should think about purchasing better liability coverage.
Coverage for collisions
Collision insurance covers damage to your vehicle from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like backing into a parked car, scraping a guard rail, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.
Medical expense coverage
Coverage for medical payments and/or PIP pay for expenses for things like hospital visits, EMT expenses, prosthetic devices and pain medications. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Cheap car insurance rates are possible
Lower-priced car insurance in West Fargo is attainable from both online companies as well as from independent agents in West Fargo, so get free West Fargo auto insurance quotes from both of them to have the best selection. Some car insurance companies do not offer online rate quotes and many times these regional carriers only sell through local independent agencies.
We just covered many ways to save on car insurance in West Fargo. It's most important to understand that the more you quote West Fargo auto insurance, the more likely it is that you will get a better rate. You may even be surprised to find that the best premium rates are with a company that doesn't do a lot of advertising.
Insureds leave their current company for any number of reasons including high rates after DUI convictions, not issuing a premium refund, questionable increases in premium or delays in responding to claim requests. Whatever your reason, switching car insurance companies is not as hard as you think.
To learn more, feel free to browse the articles below: