Cheapest Auto Insurance for Teenagers in North Dakota

The safety and performance level of the vehicle to be insured is probably the most important factor when shopping for the cheapest auto insurance for teenagers in North Dakota. Vehicles with higher performance, poor crash test ratings, or a track record of large liability claims will cost much more to insure than safer, lower-performance models.

The information below showcases insurance costs for a handful of the most cost-effective automobiles to buy insurance for.

Cost estimates assume single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can affect premium rates noticeably.

Table data represents single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can impact rates noticeably.

Price data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in zip code location which can decrease or increase premium rates substantially.

Trying to buy budget auto insurance is hard enough, and deciding which companies quote the most affordable car insurance rates for teenagers involves a little more work. Coverage rates will more than likely be much greater than the average policy in North Dakota, with the higher price attributed to the extra risk that goes along with selling insurance for teen drivers, but affordable insurance should be available with some perseverence.

Every insurance provider uses their own calculation to set premium rates, so let’s rank the car insurance companies with the most affordable rates in North Dakota.

Best Insurance Companies for Teens

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USAA may offer some of the best car insurance rates in North Dakota at around $732 a year. Allied, Nodak Mutual, Grinnell, and State Farm also are some of the cheapest North Dakota insurance companies.

As the rates illustrate above, if you currently have coverage with Nodak Mutual and switched to USAA, you might see a yearly savings of about $224. Policyholders with Grinnell may save as much as $338 a year, and State Farm policyholders might see rate reductions of $376 a year.

Remember that these estimates are averaged for all ages of drivers and types of vehicles and do not take into consideration a price increase for teenagers. So the insurer that fits your needs best may not even be in the company chart above. That’s why you need to quote rates from many companies using your own specific driver information and vehicle.

Ending up with a highly-rated company can be rather challenging considering how many companies are available to choose from in North Dakota. The company rank data shown below may help you pick which coverage providers you want to consider when trying to find the cheapest insurance for teenagers.

The rankings below include the largest auto insurers in America, so smaller regional companies are not taken into consideration for the list. To view rates from these top insurers and more, follow this link.

Difference between full coverage and liability only rates

Finding the cheapest auto insurance for teenagers in North Dakota should be important to most people, and one good way to find cheaper insurance is to not pay for full coverage. The information below visualizes the comparison of auto insurance costs when comparing full coverage to liability only. The premiums are based on no claims or violations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

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If the expense is averaged for all age categories, physical damage coverage on your policy costs $2,127 per year more than just buying liability only. At some point, almost every driver questions when is the right time to remove full coverage. There is no written rule to delete physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after the deductible is paid. If it’s costing you more than $200 annually to have full coverage, then it might be time to buy liability only.

How to get the cheapest auto insurance for teenagers in North Dakota

The list below shows many money-saving solutions that can help drivers locate low-cost car insurance.

• Claim-free drivers earn discounts
• Remain accident-free and save
• Lower rates by purchasing a safer vehicle
• Be a safe driver
• Buy your auto and home insurance from the same company and save
• Compare rates regularly and switch companies to save money

That last tip is extraordinarily necessary, as was pointed out in this article. Coverage prices fluctuate constantly, so you should be ready to switch to a new company if a more affordable rate is found.

Many drivers have brand loyalty and that’s fine, but it’s not a great idea if that loyalty results in overpaying hundreds of dollars a year. In just a few minutes you could compare rates to find cheaper auto insurance for teenagers.

Who has the cheapest insurance quotes for teen drivers?

There are many different ways to quote cheap car insurance rates in North Dakota, but the most preferred methods are from an independent or non-exclusive agent, an exclusive agency like Auto-Owners or State Farm, or from a direct company like Geico. Each way has the same basic steps, but each is different in how they provide price quotes.

Independent agents work for many companies and can quote your policy with all of them. They will provide multiple price quotes, which can give you more bang for your buck. If you are not satisfied with one company, they can switch companies in-house and you won’t have to switch agencies.

An exclusive ageny is only able to place business with one insurance company, examples being a Liberty Mutual or State Farm agent. Exclusive agents are unable to provide rate quotes from other companies, so if finding the cheapest car insurance is your goal, you will want to shop around.

Buying direct means you skip a local agent and buy direct from companies such as Progressive or Geico. This car insurance option may be a decent choice drivers who have fewer assets and have some degree of understanding of how their policy works.

Out of those three methods, which one works best for finding the cheapest auto insurance for teenagers in North Dakota? It would be obvious to point out buying from a direct company results in the cheapest price since that prevents the need to pay agent commissions, but unfortunately, that is not the case. We could also assume that going through an independent agent results in the best rates since they have access to many companies, but that assumption is also not necessarily accurate. And sometimes, the exclusive agents may have very competitive prices that cannot be beaten by either independent or direct companies.

Due to that fact that car insurance uses so many rating variables, the one way to ensure the lowest rates is to compare lots of quotes. In a perfect world, youll get price quotes from all three in order to be able to find the lowest price. For a list of car insurance companies with low rates, click here to view.