Average homeowners insurance cost in Fargo, ND

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In Fargo, homeowners pay an average annual rate of $2,988 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $406 more than the national average of $2,582.

Homeowners insurance premiums can vary significantly from one property to another. In Fargo, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Fargo, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Fargo.

Key takeaways

The average cost of homeowners insurance in Fargo is $2,988 per year.
Agraria Mutual is the cheapest homeowners insurance company in Fargo with an average annual premium of $1,869.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $673 more a year for home insurance.

Average homeowners insurance cost in Fargo per month

Residents of Fargo pay an average of $249 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $25 less than the state average of $274 and $34 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Fargo may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Fargo

In Fargo, ND, homeowners pay an average of $2,315 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Fargo

According to Insure.com’s rate analysis, homeowners in Fargo typically pay an average of $2,988 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $673. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Fargo by company

After evaluating several carriers, Agraria Mutual is the least expensive homeowners insurance provider in Fargo. It’s average annual rate for homeowners in Fargo is $1,869.

North Star Mutual holds the second position, while Nodak Insurance secures the third spot with an average annual home insurance rate of $2,194.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Fargo and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Fargo and their average annual premiums.

Home Insurance Company	Annual rate
Agraria Mutual	$1,869
North Star Mutual	$1,998
Nodak Insurance	$2,194
Allstate	$2,324
American Family	$2,351
Country Financial	$2,637
State Farm	$2,728
Auto-Owners	$2,800
Farmers	$4,656

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Fargo for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.