Did you make the mistake of buying an overpriced insurance policy? Trust us when we tell you many Grand Forks consumers feel financially strained by their insurance policy.
Shockingly, most North Dakota insurance customers have purchased from the same company for at least four years, and almost half have never compared rate quotes at all. Drivers in America can save hundreds of dollars each year, but they just don't want to save money by comparing rate quotes. Numerous auto insurance companies battle for your business, so it can be very hard to choose a provider to find the absolute cheapest price on insurance.
It's a good idea to compare prices before your next renewal due to the fact that insurance prices tend to go up over time. Even if you think you had the best deal on insurance a few years ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about insurance because you're going to learn how to quote online to find lower rates on insurance.
If you're already insured or just want a better rate, use these money-saving tips to find the best rates while maintaining coverages. Finding the cheapest car insurance coverage in Grand Forks is not that difficult. You just have to learn the most effective way to compare insurance rates over the internet.
Car insurance companies offering low-cost rates in North Dakota
The providers in the list below have been selected to offer quotes in Grand Forks, ND. If more than one company is shown, we suggest you compare several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Silverado LTZ Extended Cab 4WD||$1,314||$657||$110|
|Dodge Grand Caravan CV||$904||$452||$75|
|Dodge Ram Quad Cab SLT 2WD||$986||$493||$82|
|Ford Escape XLS 2WD||$862||$431||$72|
|Ford F-150 XL Super Cab 4WD||$884||$442||$74|
|Ford Focus SES 2-Dr Coupe||$1,210||$605||$101|
|GMC Sierra SLT Extended Cab 2WD||$1,130||$565||$94|
|Honda Accord LX 4-Dr Sedan||$664||$332||$55|
|Honda CR-V EX-L 4WD||$910||$455||$76|
|Honda Civic LX 4-Dr Sedan||$1,118||$559||$93|
|Hyundai Sonata GLS 4-Dr Sedan||$946||$473||$79|
|Nissan Altima 2.5 S 2-Dr Coupe||$920||$460||$77|
|Toyota Camry LE||$954||$477||$80|
|Toyota Corolla LE||$842||$421||$70|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Dakota minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can impact coverage prices substantially.
Violations and accidents raise rates
The illustration below highlights how traffic violations and at-fault claims impact Honda Civic yearly insurance costs for each age group. The premiums assume a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.
Grand Forks insurance premiums by gender and age
The chart below shows the comparison of premium costs for male and female drivers in Grand Forks. The costs are based on no tickets, no at-fault accidents, comp and collision included, $100 deductibles, drivers are single, and no policy discounts are applied on a GMC Acadia SL.
GMC Acadia rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Liability only or full coverage
The diagram below visualizes the comparison of Toyota Corolla car insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no claims or driving citations, $1,000 deductibles, single male driver, and no discounts are taken into consideration.
Toyota Corolla rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you pay for full coverage?
There is no definitive formula for excluding comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let's assume your Toyota Corolla book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after paying your deductible. If premiums are more than $700 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some cases where removing full coverage is not recommended. If you haven't satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.
Grand Forks car insurance discounts
Car insurance is expensive, but you might already qualify for some discounts that could help you make your next renewal payment. Most are applied at the time you complete a quote, but lesser-known reductions have to be manually applied before being credited. If you check and find you aren't receiving every discount available, you could be getting lower rates.
- Accident Waiver - This one isn't a discount, but some insurance companies will forgive one accident before your rates go up if you are claim-free for a set time period.
- Theft Deterrent - Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and qualify for as much as a 10% discount.
- Pay Upfront and Save - If you can afford to pay the entire bill rather than spreading payments over time you can avoid the installment charge.
- Save over 55 - Drivers over the age of 55 can get lower premium rates.
- Defensive Driver Discounts - Successfully completing a course teaching defensive driver skills could possibly earn you a 5% discount if your company offers it.
- Discount for Life Insurance - If the company offers life insurance, you could get a discount if you purchase life insurance.
- Low Mileage - Fewer annual miles may allow you to get lower premium rates due to less chance of an accident.
- Good Student - This discount can earn a discount of 20% or more. Many companies even apply the discount to college students up until you turn 25.
- Buy New and Save - Buying a new car instead of a used car can save you some money since new vehicles are generally safer.
- College Student Discount - College-age children who are attending college without a vehicle on campus may qualify for this discount.
One last thing about discounts, most discount credits are not given to all coverage premiums. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So when the math indicates having all the discounts means you get insurance for free, you won't be that lucky.
To choose insurance companies that can offer you the previously mentioned discounts in North Dakota, click this link.
You are unique and your auto insurance should be too
Keep in mind that when it comes to choosing coverage online or from an agent, there isn't really a single plan that fits everyone. Your needs are not the same as everyone else's so this has to be addressed. Here are some questions about coverages that can help discover if your situation might need an agent's assistance.
- What is GAP insurance?
- Will damage be repaired with OEM parts?
- Can I afford to pay high deductible claims out of pocket?
- Where can I get insurance after a DUI in North Dakota?
- Are split liability limits better than a combined single limit?
- How much will a speeding ticket raise my rates?
- Why are teen drivers so expensive to add on to my policy?
- Does car insurance cover theft of personal property?
If it's difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It's fast, free and you can get the answers you need.
Exclusive or independent insurance agents
A small number of people just want to visit with an insurance agent and doing that can be a smart decision Experienced insurance agents can answer important questions and help file insurance claims. One of the best bonuses of comparing rate quotes online is you can get lower rates but also keep your business local.
Once you complete this quick form, the quote information is immediately sent to companies in Grand Forks that give free quotes for your coverage. It makes it easy because there is no need to leave your computer due to the fact that quote results will go to you instantly. If you have a need to get a rate quote for a specific company, feel free to go to their quote page and give them your coverage information.
Selecting a insurer requires more thought than just a cheap price. Any agent in Grand Forks should be forthright in answering these questions:
- How long has their agency been open in Grand Forks?
- Do they reduce claim amounts on high mileage vehicles?
- Can they provide you with a list of referrals?
- What companies can they write with?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Can glass repairs be made at your home?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Do the companies they represent have a solid financial rating?
If you get good responses to all your questions and an acceptable price quote, chances are good that you have found an insurance company that will properly insure your vehicles.
Car insurance policy specifics
Learning about specific coverages of your car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on the average car insurance policy.
Liability car insurance
Liability coverage will cover damages or injuries you inflict on people or other property. It protects YOU against claims from other people, and doesn't cover damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability can pay for claims such as structural damage, bail bonds, legal defense fees, repair bills for other people's vehicles and pain and suffering. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford. North Dakota state law requires minimum liability limits of 25/50/25 but it's recommended drivers buy more coverage.
Medical expense coverage
Medical payments and Personal Injury Protection insurance kick in for expenses for things like doctor visits, surgery and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as damage from a tornado or hurricane, rock chips in glass, hitting a bird and falling objects. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.
Coverage for collisions
This coverage will pay to fix damage to your vehicle resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things such as crashing into a ditch, damaging your car on a curb, colliding with another moving vehicle and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.
Uninsured or underinsured coverage
Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your vehicle.
Since many North Dakota drivers only purchase the least amount of liability that is required (25/50/25 in North Dakota), it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.
More quotes mean more insurance savings
We just showed you many ideas to shop for insurance online. The key concept to understand is the more price quotes you have, the higher your chance of finding cheaper Grand Forks car insurance quotes. Drivers may even discover the lowest priced insurance comes from a smaller regional carrier. Regional companies may only write in your state and offer lower prices as compared to the big name companies such as State Farm, GEICO and Nationwide.
When searching for affordable Grand Forks car insurance quotes, make sure you don't buy less coverage just to save a little money. There are too many instances where drivers have reduced collision coverage only to regret at claim time they didn't have enough coverage. Your focus should be to buy enough coverage at the best cost while still protecting your assets.
More information is available below:
- Avoiding Deer Collisions (Insurance Information Institute)
- How Much is North Dakota Auto Insurance for 18 Year Olds? (FAQ)
- Who Has Cheap Car Insurance Rates for a Toyota RAV4 in North Dakota? (FAQ)
- Who Has the Cheapest Auto Insurance for a Nissan Altima in North Dakota? (FAQ)
- Who Has Cheap North Dakota Car Insurance for Low Income Drivers? (FAQ)
- What is the Best Cheap Auto Insurance in Jamestown, North Dakota? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Teen Driving Statistics (iihs.org)