Cheap Insurance Quotes for Used Cars in North Dakota

Buying cheap car insurance is not the easiest thing to accomplish, and finding out which companies offer the cheapest car insurance rates for used cars requires even more perseverance. Each company uses their own formula for establishing rates, so we’ll go over the car insurance companies with the overall cheapest rates in North Dakota.

Best Cheap Insurance Rates for Used Cars

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USAA may have some of the best car insurance rates in North Dakota at around $711 per year. Allied, Nodak Mutual, Grinnell, and State Farm also make the cut as some of the cheaper North Dakota auto insurance companies.

As shown above, if you currently buy coverage from State Farm and switched to Allied, you may see an annual premium reduction of in the vicinity of $196. Drivers with Safeco may save as much as $222 a year, and Progressive insureds might see rate reductions of $369 a year.

Understand that those premium estimates are averages across all insureds and vehicles and and are not figured with a rate discount for used cars. So the company that can offer the best rates for your situation may not even be featured in the chart above. That points out the importance of why you need to get quotes using your own personalized driver profile and vehicle information.

When buying insurance for pre-owned vehicles, one of the key components that insurance companies take into consideration when calculating the amount you pay for auto insurance is where you live in North Dakota. Areas with more people or higher crime rates like Beulah, Belcourt, and Grafton are more likely to have higher rates, whereas areas with less traffic congestion and claims enjoy lower insurance rates.

The illustration below ranks the most expensive areas in North Dakota for used cars in which to purchase auto insurance.

Premium amounts are comparative as zip code location can impact auto insurance rates greatly.

The make and model of vehicle requiring insurance is one of the biggest factors when trying to find the cheapest coverage for used cars. Vehicles with high performance, a lack of modern safety features, or high incidents of liability claims will cost more to insure than safer, lower-performance models. The data below ranks coverage costs for some of the most economical automobiles to buy insurance for.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rates do not factor in your specific North Dakota location which can revise premiums significantly.

Looking at the numbers, cars like the Chevrolet Traverse, Toyota Sienna, Honda CR-V, Ford Escape, and Chevrolet Equinox are most likely going to be a few of the most affordable vehicles to insure for pre-owned vehicles.

Full coverage rates vs. liability-only in North Dakota

Finding cheap insurance for used cars in North Dakota is probably important to most drivers, and a good way to pay lower rates for insurance is to not buy comprehensive and collision coverage. The example below illustrates the comparison of yearly insurance costs with and without physical damage coverage. The data assumes no tickets, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.

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If we average all the age groups together, full coverage on your policy costs an extra $1,275 per year more than just buying liability only. At some point, almost every driver questions if buying full coverage is a waste of money. There is no definitive guideline of when to phase out full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s say your vehicle’s replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $2,000 after paying your policy deductible. If you are currently paying more than $200 a year for full coverage, then you might want to think about dropping full coverage.

The information below highlights how deductible selection can raise or lower insurance prices when searching for cheap insurance for used cars. The data assumes a married female driver, full coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1915,1757,1575,1401],[‘Age 30’, 1345,1229,1093,967],[‘Age 40’, 1329,1217,1087,965],[‘Age 50’, 1163,1067,957,851],[‘Age 60’, 1111,1019,913,811],[‘Age 70’, 1191,1093,983,879]]);var options = {title: ‘Deductible Levels and Insurance Rates in North Dakota’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 40-year-old driver could lower their car insurance rates by $206 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $312 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could lower their rates as much as $514 each year by selecting a higher deductible. If you make the decision to raise deductibles, it will be required to have additional funds squirreled away to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Progressive, Geico, Allstate, or State Farm: Who is best?

When comparing auto insurance for pre-owned vehicles in North Dakota, four companies to definitely compare rates with are Progressive, Geico, Allstate, and State Farm. When combined, they have over 45% of the entire U.S. market share. The table below breaks down ratings and policy coverage options that may be available in North Dakota.