Who Has the Cheapest Car Insurance Quotes for Drivers with Bad Credit in North Dakota?

You have surely seen all the captivating ads from auto insurance companies like GEICO, Farmers, and The General that promise the cheapest rates, so you should just pick the company with the cutest commercial, right?

It’s not quite that easy, unfortunately, as there are a whole bunch of unknown factors such as where your residence is in North Dakota, whether you are male or female, how high your deductibles should be, and if you have purchased a home, that all have an effect on the price of a policy. We will touch on these types of topics and will hopefully give you a good start to your coverage search.

The vehicle model driven is a large consideration that determines whether or not you find economical insurance for drivers with bad credit. Vehicles with limited speed and performance, modern passenger safety features, or a track record of few liability claims will cost much less to insure than fast, unsafe models.

The data below ranks auto insurance prices for the cheaper vehicles to insure.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rates do not factor in vehicle garaging location which can decrease or increase rates considerably.

Based upon the table data, we can presume that cars like the Honda Accord, Honda CR-V, and Chevrolet Traverse are most likely to be the cheapest vehicles to insure for people with poor credit. Rates will tend to be higher just because there is more risk for drivers with bad credit, but in general those specific models will have the best rates available.

For people with poor credit, one of the largest components that help set the price you pay for insurance is where you normally keep your vehicle in North Dakota. Cities with larger populations or higher claim trends like Rugby, Beulah, and Belcourt tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims receive better rates.

The table below rates the priciest cities in North Dakota for drivers with bad credit to buy an auto insurance policy in.

Rate quotes are approximated as the garaging address in North Dakota can alter rates considerably.

Deciding which companies offer the cheapest auto insurance rates for drivers with bad credit will require a little more effort in order to find the lowest price quote. Each auto insurance company used slightly different criteria for setting rates, so we’ll go over the auto insurance companies with the most affordable rates in North Dakota.

Find the Cheapest Auto Insurance with Bad Credit

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USAA has some of the most affordable car insurance rates in North Dakota at around $704 per year. Allied, Nodak Mutual, Grinnell, and State Farm also are some of the more affordable North Dakota auto insurance companies.

In the above rates, if you currently buy coverage from State Farm and switched to Allied, you may realize yearly savings of about $199. Drivers with Safeco could save as much as $235 a year, and Progressive insureds might see rate reductions of $360 a year.

It’s important to note that these estimates are averaged across all types of insureds and vehicles and do not take into consideration a price surcharge for drivers with bad credit. So the car insurance company that has the lowest price for you may not even be included in the list above. That emphasizes why you need to get car insurance quotes using your own driver and vehicle profiles.

Discounts on the cheapest car insurance for drivers with bad credit in North Dakota

Car insurance companies that provide coverage for drivers with bad credit may additionally offer policy discounts that could lower prices by 40% or more if you meet eligibility requirements. Larger auto insurance companies and the discounts they provide are:

• Farmers Insurance has discounts for good student, youthful driver, homeowner, mature driver, multi-car, and distant student.
• Esurance has savings for anti-theft, renters, multi-car, online quote, and homeowner.
• State Farm policyholders can earn discounts including anti-theft, student away at school, defensive driving training, Drive Safe & Save, and multiple policy.
• GEICO offers discounts including defensive driver, anti-lock brakes, driver training, daytime running lights, and good student.
• Allstate includes discounts for farm vehicle, economy car, senior citizen, passive restraint, and utility vehicle.

The example below shows the comparison of auto insurance rates with and without some available policy discounts. The information is based on a male driver, no tickets, no at-fault accidents, North Dakota state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with homeowner, anti-theft, marriage, claim-free, safe-driver, and defensive driving course discounts applied. When these discounts are applied, the average savings per year on auto insurance for drivers with bad credit is 28% or $480.

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The information below highlights how deductible selection can raise or lower annual premium costs when searching for cheap insurance for drivers with bad credit. The information is based on a single male driver, comp and collision included, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3331,3015,2671,2349],[‘Age 30’, 1717,1569,1399,1235],[‘Age 40’, 1711,1555,1377,1207],[‘Age 50’, 1551,1411,1253,1101],[‘Age 60’, 1499,1365,1215,1069],[‘Age 70’, 1805,1651,1483,1321]]);var options = {title: ‘Impact of Deductible Levels on Auto Insurance Rates in North Dakota’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

The data above shows that a 50-year-old driver could save $298 a year by increasing from a $100 deductible up to a $500 deductible, or save $450 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old example, can cut $982 or even more just by using higher deductibles. When increasing deductibles, it’s a good idea to have enough spare savings to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.