Fargo ,ND Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Fargo, ND homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Fargo, ND is $2036. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Fargo, ND. VHome Insurance will help you navigate the world of homeowners insurance coverages in Fargo, ND.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $814 |
| $200,000 | $1,384 |
| $300,000 | $1,710 |
| $400,000 | $2,606 |
| $500,000 | $3,278 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Fargo, ND, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,088 |
| $1000 Deductible | $1,867 |
| $1500 Deductible | $1,761 |
| $2500 Deductible | $1,588 |
| $5000 Deductible | $1,344 |
| Home Insurance Company Near Fargo, ND | Homeowners Insurance Agency Near Fargo, ND | Address |
|---|---|---|
| NA | Halvorson Company, Inc | 3320 Westrac Drive South 3320 Westrac Drive South, Fargo, ND, 58103 |
| NA | Twin Valley Insurance Agency, Llc | Po Box 247 Twin Valley, Twin Valley, MN, 56584 |
| State Farm | David Eggers | 1401 8th St S, Moorhead, MN, 56560-3605 |
| Allstate | Modern Ins Service | 1135 Washington Ave Ste 101, Detroit Lakes, MN, 56501 |
| Liberty Mutual Independent | Warner And Company | 318 BROADWAY N, FARGO, ND, 58102 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Prairie Rose city, North Dakota | $115 | $153 | $229 |
| West Fargo city, North Dakota | $109 | $145 | $218 |
| Moorhead city, Minnesota | $126 | $167 | $251 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Fargo, ND | 5.2% | 13.9% |
| Prairie Rose | 4.64% | 16.12% |
| West Fargo | 5.18% | 15.7% |
| Moorhead | 6.44% | 19.45% |
| 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 |
| Streets in Fargo Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Fargo | $131 to $133 |
| Prairie Rose | $137 |
| West Fargo | $131 |
| Moorhead | $150 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,100 | $4,100 |
| Yearly Fargo Homeowner Insurance Premium Example | $2,400 | $1,800 |
| Out of Pocket Expense During Claim | $1,100 | $4,100 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $17,900 | $16,700 |
| Net Savings to Fargo Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Fargo, ND Home Replacement Value MORE than Home Value | Fargo, ND Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $221,000 | $133,000 |
| Insurance Premium based on Replacement Value | $1,100 | $675 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $46,500 | Risk Exposure from Under Insuring Coverage is $41,500 |
| Premium Impact | Insurance cheaper by $200/year | Insurance costlier by $225/year |
| Insurance Company | American Family Insurance | Liberty Mutual | Allstate |
| Monthly Premium | 57 | 22 | 54 |
| Year Built | 1983 | 2002 | 1999 |
| Home Details | 4 Beds, 1 Baths | 2 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $50000-$75000 | $150000-$175000 |
| Deductible | $2500-$5000 Deductible | $500- $1000 Deductible | $500 Deductible |