Average Renters Insurance Cost in North Dakota: $149/Year
According to the NAIC's 2022 data, North Dakota's average renters insurance premium is $149/year—below the national average of $168. That's ~$12.40/month for ~$30,000 personal property / $100,000 liability coverage.
What Moves the Needle
- Location: Fargo/Bismarck > rural. Fargo avg ~$165; small-town ~$130.
- Coverage limits: $20k property / $100k liability = cheaper. $50k / $300k = +20–30%.
- Deductible: $500 standard. $1,000 saves ~10%. $250 costs ~15% more.
- Building age/construction: Older, wood-frame = higher. Newer, sprinklered = lower.
- Credit-based insurance score: Major factor in ND. Good credit = 20–40% discount vs. poor.
- Bundling: Auto + renters with same carrier = 10–25% off both.
Sample Annual Premiums (2024 estimates)
| Profile | Est. Annual |
|---|
| Fargo, 1BR apt, $30k/$100k, $500 ded, good credit | $155 |
| Bismarck, 2BR, $40k/$300k, $500 ded, avg credit | $185 |
| Grand Forks, studio, $20k/$100k, $1k ded, good credit | $120 |
| Rural (Walsh Co), house, $30k/$100k, $500 ded, good credit | $130 |
Where to Shop
- ND-based: Nodak Mutual, Center Mutual, North Star Mutual.
- National: State Farm, Farmers, Allstate, Progressive, Lemonade (app-based).
- Comparison: ND Insurance Dept complaint ratios + NAIC buyer's guide.
Get 3 quotes. Ask about "replacement cost" vs. "actual cash value" on contents—replacement cost worth the extra $10–20/yr.
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