North Dakota Homeowners Insurance

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Homeowners Insurance in North Dakota: Complete Consumer Guide

Are you thinking about moving to North Dakota? Here are some interesting facts about your new home state. North Dakota became the 39th state on November 2, 1889. North Dakota is the number one producer of honey in the United States. Nearly 90 percent of North Dakota’s land area is in farms and ranches. Most of the pasta in America is made from North Dakota durum wheat. North Dakota is home to more wildlife refuges, 63, than any other state. North Dakota’s Lake Sakakawea has more shoreline than the California Pacific coast. North Dakota holds the Guinness World Record for the most snow angels made simultaneously on February, 17, 2007, with 8,962 people making snow angels at the state capitol grounds. The state bird of North Dakota is the Western meadowlark. The state flower of North Dakota is the prairie rose. The state tree of North Dakota is the American elm. The capital of North Dakota is Bismarck.

Types of Homeowners Insurance policies in North Dakota

Do you know what kind of homeowners insurance policy that you need for your home? Not sure? Here is a look at the different types of homeowners insurance policies.

HO-1 Known as the “basic form,” this policy covers the 10 most common perils. But you won’t find these policies everywhere. Some insurance companies do not offer HO-1 forms.

HO-2 Called the “broad form,” this policy provides more limited coverage. But a HO-2 form still provides more coverage than a HO-1 basic form.

HO-3 This policy is the most commonly used and most widely purchased insurance policy. The HO-3 form provides coverage for named perils and personal property. With a HO-3 form, your insurance company will pay to repair or replace belongings damaged by 16 covered perils. These perils include theft, falling objects, the weight of snow, ice and sleet, water damage, fire, smoke, lightning, windstorm, hail, explosions and vandalism.

H-O6 The HO-6 form is for condominium units. This type of coverage is usually “walls-in” coverage and may protect the condo unit’s walls, ceilings and floors against 16 perils. The HO-6 form also includes coverage for the condo owner’s belongings

HO-8 The HO-8 form is for older homes and covers 10 perils. This form is paid on an actual cash value basis, which is the cost of the house items minus depreciation.

What factors affect rates on homeowners insurance in North Dakota?

There are many factors that affect the rate on a homeowners insurance policy. Let’s look at a few. For example, the construction materials of your home are big factors. So are some other things such as how much it will cost to rebuild the house and replace all your belongings. Whether you own a swimming pool or a trampoline on your home property will affect your home insurance rate as well. Do you own a dog? You’re liable for dog bites and injuries caused by your pet and this will affect your homeowners insurance rate. Credit also impacts the rate you pay on homeowners insurance. If you have good or excellent credit, you will pay a lower homeowners insurance rate than a homeowner with bad credit.

Top 5 Disasters in the State of North Dakota

North Dakota federally declared Flood as the most common disaster with 32 counts since 1953, followed by Severe Storms, Biological, Snow and Tornado disasters. Here are the top 5 federally declared disasters in the state of North Dakota:

Rank Declaration Title Disaster Number
1 Flood 32
2 Severe Storms 20
3 Biological 3
4 Snow 3
5 Tornado 3

Source: Federal Emergency Management Agency (FEMA)


How much is homeowners insurance in North Dakota?

The average cost of homeowners insurance in North Dakota is $906 per year.

Source: The average cost of homeowners insurance by state, Business Insider.

Crime Rate: Is North Dakota a safe state?

2019 Crime in North Dakota Crime Number Crime Rate*
Property Crime 15,066 1,977.0
Burglary 2,608 342.2
Larceny-Theft 10,666 1,399.6

*Rate per 100,000 inhabitants

Safest Cities in North Dakota by Property Crime*

  • West Fargo, ND has a population of 38,171 with a Property Crime rate of 15.3 per 1k. The city average home value is approximately $279,934.
  • Dickinson, ND has a population of 23,428 with a Property Crime rate of 19 per 1k. The average home value there is about $270,501.
  • Minot, ND came in third as the safest city in the state of North Dakota and has a population of 48,185 with a Property Crime rate of 20.4 per 1k. Its home value averaged at about $245,016.
  • Jamestown, ND has a population of 15,198 with a Property Crime rate of 20.7 per 1k. Its average home value is $140,798.
  • Grand Forks, ND has a population of 57,459 with a Property Crime rate of 24.7 per 1k. The city home value averaged $213,780.

*Based on FBI Uniform Crime Reporting 2019, some cities have been eliminated because of changes in the state/local agency's reporting practices and cities with populations under 10,000. Zillow’s State/Cities average home value for a single family home or a condo as of Sept. 2020.

Compare Home Insurance Rates in North Dakota

Top homeowners insurance companies in North Dakota

Auto Owners offers good customer service with a personal touch, a lineup of optional coverages that allow customers to customize their insurance coverages and an array of discounts. Discounts from Auto Owners include a multi-policy discount, a green discount for paperless billing and a paid-in-full discount.

Farmers Union is a regional insurance company that only offers insurance coverage in a few states. Because of its regional focus, Farmers Union understands the specific insurance needs of customers in North Dakota and the upper Midwest states. Farmers Union has been in business since 1945 and that is a long time to cultivate a deep understanding of its region.

State Farm has a strong online presence with an interactive website as well as speedy claims payments. State Farm also is known for the accuracy of its insurance quotes. An online tool on its website makes it easy to check insurance quotes. Discounts from State Farm include a multiple line discount, a home alert protection discount and a roofing discount based on the type of roofing materials used on the house.

North Dakota Home Insurance FAQs

How much should I carry for homeowners insurance?

You want the coverage of your home insurance policy to be high enough to cover the cost of rebuilding your home. So whatever your home is worth that is a good guideline for your insurance. You’ll also want to get liability coverage. Most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. But experts such as the Insurance Information Institute recommend $300,000 to $500,000 worth of liability coverage.

What is not covered by most homeowners insurance?

Earthquakes and floods are not covered by homeowners insurance policies. You’ll need to buy separate insurance policies for each of these natural disasters.

How much is homeowners insurance deductible in ND?

A standard homeowners insurance policy deductible is between $500 and $2,000, with $1,000 being the most common deductible amount. The deductible is the amount you need to pay before a home insurance company begins to pay for damages to your home and losses.

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