Cheapest Auto Insurance in Fargo, North Dakota (2024)

Nestled along the Red River of the North, Fargo is the most populated city in North Dakota. The average cost of car insurance in Fargo is $130 a month, which is more expensive than North Dakota’s average rate of $119.

Auto insurance policies in Fargo may be more expensive than the state average due to its population density and geographical location, making it more likely for policyholders to file a claim.

Cheapest car insurance companies in Fargo

The right car insurance depends on various factors like your risk level, claims history, and budget. If you’re in the market for an insurance policy, these are Fargo’s best car insurance companies.

Best insurer for high-risk drivers: Bristol West

Best insurer for full coverage: Midvale Home & Auto 

Best insurer for students: The General

How to get the cheapest car insurance in Fargo

Just because an auto policy has the lowest rates doesn’t mean it’s right for you. When shopping for a car insurance policy, look for an insurer with a solid reputation and coverages that fit your needs. Finding quality coverage and staying within your budget is possible.

Here are some tips for getting cheap car insurance in Fargo:

• Shop around. Comparing quotes from multiple insurance companies can help you get the lowest price for your ideal policy. The Insurance Information Institute recommends gathering quotes from at least three different insurance companies.^[2]

• Improve your credit score. A high credit score indicates you’re less likely to file a claim. Therefore, people with good to excellent credit tend to snag the best rates.

• Find discounts. Qualifying for vehicle, driving history-related, affiliation, policy-related, and driver-specific discounts can significantly curb your auto insurance rates.

• Increase your deductible. A higher deductible can help you save money on your premiums. Ensure you can afford the higher deductible if you need to file a claim.

• Bundle policies. Get savings on your car insurance policy by bundling it with multiple insurance products, like a life or homeowners insurance policy.

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Cheapest liability-only car insurance in Fargo

Liability-only insurance is the minimum required liability coverage in North Dakota and costs an average of $94 a month. This policy only covers medical expenses and vehicle repairs of the other party if you’re at fault in an accident.

The table below illustrates more car insurance companies with the most affordable liability-only policies.

Cheapest full-coverage car insurance in Fargo

While a liability-only insurance policy covers the other party’s damages and injuries in an at-fault accident, full-coverage insurance offers liability coverage and protection for your vehicle.

If you have a high-value car or drive frequently, consider protecting your vehicle with full-coverage insurance. Keep in mind that your lender may require you to carry this policy if you have a loan or lease on your car. In contrast, a liability-only policy may suffice for those who rarely drive or can’t afford full-coverage insurance.

The average cost of full-coverage auto insurance in Fargo is $166 a month, but drivers may also consider these insurance companies for cheap full-coverage policies.

Car insurance requirements in North Dakota

North Dakota is a no-fault state, meaning you must carry your own car insurance medical coverage via medical payments or personal injury protection (PIP) coverage. And if you drive without insurance, the state may fine you $150 and require you to file SR-22 insurance.

Here are North Dakota’s minimum insurance requirements:^[3]

While North Dakota residents can drive legally with just the minimum requirements above, it may not be enough to feel fully protected on the road. Here are some additional coverages to consider adding to your policy:

• 

  Collision coverage

  Typically part of a full-coverage policy, collision coverage pays for vehicle repairs when you hit an object or another vehicle, even if you’re at fault.

• 

  Comprehensive coverage

  Also usually in a full-coverage policy, comprehensive coverage pays for vehicle repairs resulting from non-collision incidents like vandalism, falling objects, theft, or natural disasters.

• 

  Gap insurance

  Gap insurance covers the difference between the current value of your car and the outstanding balance of your auto loan or lease in the event of a total loss.

• 

  Rental car reimbursement

  You can tap into this coverage to pay for a rental car while your vehicle is in the shop for repairs.

North Dakota Automobile Assigned Claims Plan 

Cheapest car insurance for drivers with an incident

Driving incidents include speeding tickets, driving under the influence (DUI), at-fault accidents, and other moving violations. Drivers with an incident on their records can expect to pay more expensive car insurance premiums because of the higher risk of filing a claim they pose to insurance companies.

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Cheapest car insurance for drivers with a speeding ticket

Speeding tickets indicate that you’re more likely to engage in risky driving behavior, causing an increase in your insurance premiums. In 2021, 34% of fatal car crashes in North Dakota involved speeding or aggressive driving.^[4] But a speeding ticket doesn’t have to prevent you from getting an affordable car insurance policy.

The table below also shows some of Fargo’s best companies for drivers with speeding tickets.

Cheapest car insurance for drivers with an at-fault accident

In 2021, North Dakota had more than 9,500 vehicle crashes resulting in fatalities, injuries, and property damage.^[4] An at-fault accident can result in rate increases, as it indicates to insurers that you’re more likely to cause future accidents. However, high-risk drivers still have available options when it comes to budget-friendly car insurance.

These insurance companies also offer the best deals for drivers in Fargo with an at-fault accident on their records.

Cheapest car insurance for drivers with a DUI

You may have to carry an SR-22 certificate if you have a DUI conviction to prove you have the minimum coverage required in North Dakota. Many insurers may refuse to offer insurance coverage to high-risk drivers. And if they offer insurance, it’s usually at a lofty rate.

While you can’t undo a DUI, you can mitigate the financial effect of increased premiums by finding an affordable policy. These companies also provide competitive rates for people with a DUI on their motor vehicle record.

Cheapest car insurance for seniors

More driving experience usually results in lower rates. However, this isn’t always the case. While insurance premiums wane at age 35, they may climb at 75. Seniors see higher insurance rates as age-related conditions, like slower reaction times or decreased hearing and vision, increase their risk on the road.^[5]

Regardless, you can still get low-cost coverage in your 70s. These auto insurance companies also offer cost-effective options for senior drivers in Fargo.

Cheapest car insurance for teens

Teenagers pay some of the highest car insurance rates due to their lack of experience on the road. However, teen drivers can lower costs by staying on their parents’ policy, driving safe vehicles, and getting good grades in school.

They can also take advantage of insurance companies offering the best rates for teen drivers. The table below displays more cheap car insurance companies for young drivers.

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Fargo car insurance quotes by credit tier

Insurance companies in North Dakota can use your credit score to determine your rates. North Dakota drivers with excellent or good credit scores often pay lower premiums, while drivers with poor credit scores may pay higher premiums.^[1]

Is car insurance more expensive in Fargo?

The average monthly cost of car insurance in Fargo is $130, while the national monthly average is $159. Fargo’s car insurance rates are cheaper than the national average, but this figure can vary by city. For instance, the average policy in Minot is 21% more expensive than in Fargo. Factors like crime rates, traffic density, and accident rates in the city can affect premiums for everyone.

More cities in North Dakota

According to Insurify data, Williston, Minot, and Grand Forks drivers have higher rates than Fargo drivers. While residents of Bismarck, the capital of North Dakota, pay lower rates than drivers in Fargo.

Fargo car insurance FAQs