Who Has The Cheapest Renters Insurance Quotes in North Dakota?

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North Dakota is an upper Midwestern state with an economy that has boomed in the 21st century due to natural resources. The Peace Garden State has fewer than 750,000 residents and is one of the least densely populated in the U.S. but it still has a sizeable number of renters. To see who has the cheapest and most expensive renters insurance rates, we evaluated quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage). The results showed the most expensive renters insurance rates were 11% higher than the cheapest. Since we used one sample property, the rates have comparative value, but are not indicative of what all tenants can expect to pay for their renters insurance. 

Cheapest Renters Insurance in North Dakota

We conducted a study to find the cheapest renters insurance provided in North Dakota by collecting quotes from major insurance companies for a 1,000 square-foot residence. We found that for our sample renters policy, State Farm offered the lowest average annual rate of $98. This rate is about 58% lower than the most expensive insurance offered in North Dakota by Farmers. Below are the average annual rates for major insurance carriers in the state, ranked from the cheapest to the most expensive:

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 State Farm $98
2 Allstate $137
3 Amica $185
4 GEICO $193
5 Farmers $236
Average $170

The above rates were for a profiled property. To determine the best rate for yourself, we encourage you to look up quotes from multiple companies and compare them.

Best Renters Insurance Rates in North Dakota: by City

The five places with the best renters insurance rates in North Dakota are all rouhgly located in the northeast quadrant of the state. The place with the best rates, Bottineau, had premiums that were 1.7% lower than the state average.

RankCityAverage Annual Rate% Difference vs State Average
1 Bottineau $167 -1.70%
2 Devils Lake 167 -1.70%
3 Fargo 167 -1.70%
4 Grafton 167 -1.70%
5 Grand Forks 167 -1.70%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Bottineau, ND

The city with the best renters insurance rates in North Dakota was Bottineau. It has more than 2,200 residents and is home to Dakota College at Bottineau. It also is known for some unique things. Some of it’s main attractions include Winter Park and "Tommy Turtle,” the world's largest turtle, which is made of fiberglass and has become a landmark for the city. Gary Dahl, the entrepreneur best known as the inventor of the Pet Rock, was born in Bottineau. Renters insurance premiums in Bottineau are 1.7% lower than the state average. 

Devils Lake, ND

European fur traders settled what is now Devils Lake in 1815. Captain Duncan Graham, one of the early settlers, built a trading post there after the war of 1812. Today, it has a population of more than 7,000 residents and home to Lake Region State College. The body of water known as Devils Lake is the largest natural body of water in the state. The city also has some of the best renters insurance rates in North Dakota, with premiums 1.7% lower than the state average.

Fargo, ND

Fargo is the largest city in North Dakota. With more than 115,000 residents, it accounts for roughly 16% of the state’s population. There are a number of major companies with a presence in Fargo, including Microsoft and a number of retailers. The city also is home to the Plains Art Museum which is recognized as the largest museum of art in North Dakota. The movie “Fargo” by Joel and Ethan Coen is set in the namesake city but it was not filmed there. Renters insurance premiums in Fargo are 1.7% lower than the state average. 

Grafton, ND

Grafton got its start in the late 19th century as a railroad town. Since then, the population has grown to more than 4,200 residents and the Grafton State School, a home for the developmentally disabled, has been listed on the National Register of Historic Places. Renters insurance rates are 1.7% lower than the state average. 

Grand Forks, ND

Grand Forks was once an important trading and gathering point for Native American tribes. Early fur trappers and French explorers referred the area as Les Grandes Fourches. A steamboat captain named Alexander Griggs, who platted the city in 1875, is regarded as "The Father of Grand Forks." Today, its has more than 50,000 residents and is serviced by the Grand Forks International Airport and Grand Forks Air Force Base. Renters insurance quotes in Grand Forks are 1.7% lower than the state average. 

Most Expensive Renters Insurance in North Dakota

The five places with the cheapest renters insurance in North Dakota are scattered thoughout the middle third of the state. The place with the most expensive rates is Belcourt, where rates were 9.68% higher than the state average.

RankCityAverage Annual Rate% Difference vs State Average
1 Belcourt $186 9.68%
2 New Town 182 7.17%
3 Center 180 5.72%
4 Ashley 174 2.19%
5 Underwood 174 2.19%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Belcourt, ND

The place with the most expensive renters insurance rates in North Dakota is Belcourt. The census-designated place has a population of more than 2,000 and is located within the Turtle Mountain Indian Reservation. It has a humid continental climate and is known for hot summers and sometime exceptionally cold winters. Premiums for renters insurance are 9.68% higher in Belcourt than the state average. 

New Town, ND

Known as the heart of Lake Sakakawea, New Town is a small city with about 2,000 residents. Some of the outdoor highlights include fishing, boating, hunting and great views of the lake. An annual ice fishing derby is one of the most popular events in the city. Dozens participate in it. Renters insurance rates in New Town are 7.17% higher than the state average. 

Center, ND

Center is nearly located in the middle of the state of North Dakota. It was founded in 1902 and has fewer than 600 residents. It was badly affected by a notoriously bad blizzard in 1920. Renters insurance premiums in Center are 5.72% higher than the average in the state. 

Ashley, ND

Established in 1888, the city of Ashley is proud of its tradition and history. It has more than 700 residents and the childhood home of David Berman, a Las Vegas gambling pioneer and Jewish mob boss. Quotes for the study sample property were 2.19% higher in Ashley than the state average. 

Underwood, ND

Underwood, North Dakota is a small rural community with a population of  about 775 people. The town is located adjacent to significant energy resources and development between the larger cities of Bismarck and Minot. Premiums are 2.19% higher than the state average.

Average Cost of Renters Insurance in North Dakota: by City

Our comparative study of renters insurance premiums in North Dakota was done by gathering and analyzing quotes from five major carriers across 30 cities in the state. Our analysis showed premiums from the most expensive place were 11% higher than the cheapest place in the state. That difference between the cheapest and the most expensive premiums is far from dramatic in comparison to other states. For example, the most expensive city in Delaware is only 7% more expensive that the cheapest, while the difference in the state of Texas is 74%. 

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of North Dakota. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

RankCityAverage Annual Rate% Difference vs State Average
25 Ashley $174 2.19%
30 Belcourt 186 9.68%
16 Beulah 170 -0.05%
17 Bismarck 170 -0.05%
1 Bottineau 167 -1.70%
18 Carrington 170 -0.05%
28 Center 180 5.72%
23 Crosby 171 0.54%
2 Devils Lake 167 -1.70%
19 Dickinson 170 -0.05%
3 Fargo 167 -1.70%
4 Grafton 167 -1.70%
5 Grand Forks 167 -1.70%
20 Hazen 170 -0.05%
24 Horace 171 0.54%
21 Jamestown 170 -0.05%
6 Kenmare 167 -1.70%
7 Lisbon 167 -1.70%
22 Mandan 170 -0.05%
8 Minot 167 -1.70%
29 New Town 182 7.17%
9 Parshall 167 -1.70%
10 Rugby 167 -1.70%
26 Underwood 174 2.19%
11 Valley City 167 -1.70%
12 Wahpeton 167 -1.70%
27 Washburn 174 2.19%
13 Watford City 167 -1.70%
14 West Fargo 167 -1.70%
15 Williston 167 -1.70%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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