Fargo Insurance Rates:

Fargo, ND home insurance is roughly $743 to $1,008, about $61-$84/month. Our detailed analysis reveals consumers can save as much as $350 by getting multiple quotes

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Fargo Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
American Family Insurance
Home Insurance Rate of $490/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $240,000

4 Beds, 4 Baths 2640 sqft Rental Property Constructed In 1986 with Hardwood Flooring, Membrane Roof, Chainwall Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Smoke Alarm, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Single Male who is a Freelancer with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $480/7 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $255,000

5 Beds, 5 Baths 3110 sqft Seasonal Residence Constructed In 2011 with Carpet Flooring, Shingles Roof, Slab Foundation, Stone Siding, Stucco Construction. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

68 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $280/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

4 Beds, 4 Baths 2540 sqft Vacation Property Constructed In 1940 with Ceramic Tile Flooring, Wood Shake Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Smoke Alarm, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

49 Years old Married Female who is Unemployed with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $70/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $115,000

2 Beds, 2 Bath 1410 sqft Vacation Property Constructed In 1995 with Carpet over wood flooring, Membrane Roof, Crawl Space Foundation, Stucco siding, Brick Frame. Home Features Include Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

28 Years old Single Female who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $110/3 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $90,000

2 Beds, 2 Bath 930 sqft Vacation Property Constructed In 1940 with Linoleum, Tile Roof, Piers Foundation, Brick siding, Brick Frame. Home Features Include Smoke Alarm, Copper Water Pipes, Central Air Conditioning, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Fargo, ND Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
58103 $141,600 $880

Fargo Rates & Quotes Analysis:

Fargo Area Estimated House Insurance
Co Rd 81 S, 28 1/2 Ave S, Briarwood Pl, 52 1/2 St SE, Co Rd 8, Cinnamon Ridge Pl, Elm St N, 16th Ave NW, 11th Ave S, S River Dr$897
Bakers Ln N, 27th Ave N, 40th Ave W, Dakota Park Cir, Peterson Pkwy NE, 169th Ave SE, 52nd St S, Sunrise Dr, Great Northern Dr, 29th Ave S$887
70th St S, 5th Ave S, 21st St E, Northwood Dr, 1st Ave SE, 36th St SW, 6th Ave S, 12th St E, Eagle Run Dr, 36 Ave N$897
39 1/2 Ave W, 57 1/2 Ave N, Whitestone Cir, Fillmore St S, 4th Ave N, 31st Ave N, 44th St N, 31st Ave SW, Sagittarius Cir, 60th Ave S$894
47th St S, 34th Ave S, 12th Ave S, Dakota Dr, Burrell Ct N, 35 St S, 48th Ave N, 16 1/2 St S, 7th Ave E, Windwood St S$934
39 1/2 Ave S, 41st Ave W, 49th Ave E, Kelly St N, 24th Ave S, South Ter, Horseshoe Bend, Cherry Ln, Lincoln St S, Auburn Ave$897
Eagle Run Ln, 112th Ave S, 7th Ave S, 16th St N, 50th St SE, 37 1/2 Ave S, 52nd St SW, 47th Ave S, Railroad Ave N, Co Rd 22$887
10th St W, 33 1/2 Ave S, 52nd St SE, Queens Way, 47 Ave S, Co Rd 17, Meadowlark Ln, 41st Ave SW, 36th St S, 17th Ave N$904
52nd Ave N, 27th St SW, Birdie St NE, Dakota Dr N, 51 St S, Co Rd 24, Suntree Dr, 41st Ave S, W Lynmar N, Kensington Dr$888
26th Ave N, 53 Ave S, 48th St SW, 29th Ave N, 30th St S, Monroe St, Lind Ln, 46th Ave SW, W Ponderosa Dr, 32nd Ave E$895

Insurance rates are influenced by a number of factors including:

  • Year Built: 7,417 Homes (14% of total homes ) built between 1980 to 1989 in Fargo are paying home insurance between $1,305-$1,318. Places close to Fargo, ND such as Moorhead(MN), Frontier, Reile's Acres are more expensive by $196, $33, $77 respectively while Mapleton and Durbin are cheaper by $17 and $95 respectively for similar homes.
  • Bedrooms: 18,402 2 bedrooms homes (38% of total homes ) in Fargo are paying about $508 compared to West Fargo (+$8), Moorhead(MN) (+$146), Frontier (+$22), Davenport (-$10) and Kindred (-$9).
  • Auto Insurance Bundling: 5,190 Households (24% of all households) in Fargo have 3 or more vehicles available and when it is bundled with home insurance you can save $218. Discounts for similar bundling in close by locations such as Prairie Rose, West Fargo, Moorhead (MN)come to $229, $218, $251 respectively.
  • Senior Discounts: 8,845 seniors (more than 55 years) occupied housing units (41% of total) in Fargo get discounts between $131 to $133 and varies from Prairie Rose ($137), West Fargo ($131), Moorhead(MN) ($150).
  • New Homes discounts: New homes such as the 23,163 homes built between 2000 to 2009 in Fargo can save $175 and similar new home insurance discounts in nearby towns and cities like Prairie Rose, West Fargo and Moorhead(MN) are $183, $174 and $201 respectively.

Fargo Homeowners insurance Facts

  • Fargo, ND has 21,467 owner occupied houses which is 45.4% of all units whereas Prairie Rose, West Fargo and Moorhead have 100.0%, 70.17% and 62.09% respectively.
  • Fargo, ND homeowners yearly insurance price at $875 is 0.57% of the typical house value of $154,000 which is in contrast with 0.37% in Prairie Rose, 0.59% at West Fargo & 0.66% in Moorhead.
  • Homeowners in Fargo, ND pay 5.0% of their income ($15,000 to $19,999) in insurance whereas homeowners in West Fargo, Moorhead and Frontier pay 4.99%, 5.75% and 5.13% respectively.
  • Fargo, ND’s insurance is 5.2% of monthly housing costs of $1,396/month, for owners with a mortgage compared to 4.64% in Prairie Rose, 5.18% at West Fargo & 6.44% in Moorhead. But, for households without a mortgage, insurance is 13.9% of costs ($523 in Fargo, ND) in contrast with 16.12% in Prairie Rose, 15.7% at West Fargo & 19.45% in Moorhead.

Fargo, ND Home Values & Insurance rates

For example, insurance for 466 Homes (2.0% of total homes ) valued between $70,000 to $79,999 in Fargo, ND is about $420. Rates in nearby areas in such as Briarwood, Elmwood, Spring Prairie are cheaper by $121, $11, $67 respectively while West Fargo and Moorhead are costlier by $17 and $72 respectively for similar homes.

Fargo, ND Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,040 5.0% $140
$60,000 to $69,999 240 1.0% $367
$70,000 to $79,999 466 2.0% $420
$80,000 to $89,999 583 2.0% $481
$90,000 to $99,999 1,099 5.0% $533
$100,000 to $124,999 2,790 13.0% $621
$125,000 to $149,999 3,944 19.0% $778
$150,000 to $174,999 2,837 13.0% $918
$175,000 to $199,999 2,056 10.0% $1058
$200,000 to $249,999 2,844 13.0% $1277
$250,000 to $299,999 1,397 6.0% $1557
$300,000 to $399,999 1,073 5.0% $1986

Renters Insurance in Fargo

  • Average Renters Insurance in Fargo :  $131($10/month)

  • Median Gross Rent in Fargo :  $636

  • Fargo Renters Insurance to Median Rent Ratio:  1.57%

  • Renter occupied housing units in Fargo :  25,848

Fargo Renters Insurance as a Percentage of Rent

Fargo Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 536 2.0% $782
$300 to $499 4,314 16.0% $1232
$500 to $749 12,368 48.0% $1907
$750 to $999 4,972 19.0% $2657
$1,000 to $1,499 2,359 9.0% $3782
$1,500 or more 709 2.0% $5432

Protective device discount in Fargo Up to :  $19

Claims-free discount in Fargo Up to :  $26