Best Cheap Car Insurance for Felons in North Dakota

You’ve seen the catchy commercials from car insurance companies like Allstate, Progressive, and Farmers that make promises of the cheapest price. So you should just pick one at random, right?

It’s not quite that easy, unfortunately, as there are a lot of unknown elements like your marital status, the liability claim history for your vehicle model, if you rent or own your home, and whether or not you are currently insured. We will touch on these types of topics and will hopefully give the reader a good start in finding the cheapest insurance.

For felons, one of the largest things that influence the price you pay for insurance is where you keep your car. Areas with a lot of weather claims or more people like Beulah, Williston, and Hazen tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.

The information below lists the higher priced cities in North Dakota for felons to buy auto insurance in.

Premium costs are estimated as zip code location can modify auto insurance rates substantially.

Buying cost effective insurance is not the easiest thing to do, and determining which company quotes the cheapest insurance rates for felons will take more quotes for comparison.

Every insurance company uses their own formula for establishing rates, so let’s begin by taking a look at the insurance companies with the overall cheapest rates in North Dakota. It’s important that you understand North Dakota insurance rates are based on many factors which can substantially change the cost of coverage. Simply getting older, having a claim, or having a fender bender can cause premium changes resulting in some rates now being more expensive than others.

Lowest Insurance Price Quotes for Felons

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USAA generally has some of the most affordable car insurance rates in North Dakota at around $725 per year. Allied, Nodak Mutual, Grinnell, and Safeco would also make the list of some of the lowest-priced North Dakota insurance companies.

As shown above, if you are a customer of Nodak Mutual and switched to USAA, you may see savings of roughly $231. Policyholders with Grinnell might save as much as $334 a year, and Safeco customers might reduce rates by $397 a year.

Understand that those premiums are averaged across all drivers and vehicles and are not factoring in a rate decrease for felons. So the auto insurance company that fits your needs best may not even be included in the list of companies shown earlier. That points out the importance of why you need to compare rates from as many companies as possible using your own individual information.

Comparison of full coverage and liability-only policies

Finding the best cheap car insurance for felons in North Dakota is the goal of the majority of people, and an effective way to pay lower rates for insurance is to only pay for liability coverage. The example below illustrates the difference between insurance rates with full coverage and liability only. Data assumes no claims or driving citations, $100 deductibles, single marital status, and no additional discounts are factored in.

Averaged out for all age groups, physical damage coverage on your policy costs an additional $2,327 per year more than just buying liability insurance. That is a significant amount which raises the question if paying for full coverage is a waste of money. There is no definitive formula of when to exclude full coverage, but there is a broad 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 assume your vehicle’s claim settlement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $10,000 after the deductible is paid. If you are paying more than $1,000 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are some circumstances where only buying liability is not a good idea. If you still owe a portion of the original loan, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Ratings for North Dakota insurance companies

Selecting the highest-rated auto insurance provider can be challenging considering how many choices drivers have in North Dakota. The company ratings displayed below can help you choose which auto insurance companies to look at when shopping insurance around for felons. The ratings below include companies with a national presence, so smaller companies are not factored into this list.

Top 10 Large Auto Insurance Companies Overall in North Dakota

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. American Family
10. Allstate

Top 10 Large Auto Insurance Companies in North Dakota Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. State Farm – A++
4. Allstate – A+
5. Progressive – A+
6. Esurance – A+
7. Nationwide – A+
8. The Hartford – A+
9. The General – A-
10. Safeco Insurance – A

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

When buying car insurance for felons, the companies with the most market share are Geico, State Farm, Allstate, and Progressive. The next table rates pricing and service ratings, plus some optional coverages offered by each one.