North Dakota Auto Insurance Requirements
By law, ND requires that owners of motor vehicles carry bodily injury liability, no-fault, and uninsured and underinsured motorist coverage. For personal injury protection, ND’s laws require some of the highest requirements of the United States. The coverage amount for personal injury coverage is a minimum of $30,000 and this coverage includes coverage for personal injuries and lost salaries, but not property.
The State of ND also requires uninsured and underinsured motorist coverage that protects losses and expenses for medical, legal costs and funerals in the event you are in an accident with someone who does not carry insurance. Minimum liability coverage for bodily injury and property damage including uninsured and underinsured follow the 25/50/25 formula where $25,000 goes to one person’s injuries and property damage and $50,000 goes to multiple injuries.
For drivers with bad records who have trouble getting insurance through corporate or private insurance companies because of DUIs, accidents, or traffic violations, the state of ND established the North Dakota Automobile Insurance Plan. This plan was instituted to ensure that all drivers are given an opportunity to obtain the required coverage, regardless of driving history. If your auto insurance premiums for the past 12 months have been paid off, you are a state resident with a valid driver’s license, and have a registered vehicle; you are eligible to receive coverage through this plan. The setback is that the premium rates are more expensive than ordinary coverage.
North Dakota Auto Insurance Laws
Driving without the minimum insurance coverage requirements in ND is a class B misdemeanor. There is a mandatory minimum fine of $150 for getting caught driving without insurance, and if you are in an accident without coverage, your license will be automatically suspended because there is a 14-point penalty that goes against your license.
North Dakota Auto Insurance Coverage
The basic types of insurance coverage are no-fault or personal injury protection coverage. Regardless of fault, if you miss work or accrue medical expenses, no-fault insurance provides coverage for these losses.
Property damage liability is coverage meant to protect other people’s property as the result of damage caused by your vehicle. It also covers rental cars that are leased out for less than 30 days.
Bodily injury liability covers injuries to other people that are a direct result of operation of your vehicle.
Uninsured motorist coverage does not cover damage to your vehicle, rather covers bodily injury to yourself if you are in an accident with someone who does not have insurance coverage.
Underinsured motorist coverage covers you for bodily in the event that the liability coverage of the other driver is less than your underinsured coverage amount.
Other types of insurance coverage are good to have but not required. This includes collision insurance, which is sometimes required if you have a loan against your vehicle. Collision insurance covers damage to your vehicle if you are at fault or another driver is uninsured or underinsured.
Comprehensive insurance is an additional insurance option that covers damages and loss from theft, fire, and other incidents that happen to your car.
Rental coverage will provide you with a rental vehicle in the event you are in an accident and need to send your car to the shop for repairs.
Towing/Emergency Roadside coverage will protect you from losses in the event that your car breaks down and needs towing or needs emergency repairs in order to get it to the shop.
Death and dismemberment coverage protects you in the event that you should die or lose and appendage as the result of an auto accident.
GAP coverage will cover the amount of your vehicle loan in the event of theft or total loss as the result of an accident.
Cheap North Dakota Auto Insurance Quotes
ND currently has some of the lowest when shopping for car insurance, insurance companies will provide you with a free quote based on the type of coverage you want and several personal factors. Oftentimes, you may enter this information at a web site online about the type of coverage and vehicle you have and you can receive multiple quotes from agents. The agents will contact you by telephone and by email, which saves you the trouble of having to call multiple agents by looking up their numbers yourself.
Your quote will be determined by several factors. One of these is the risk level you pose to the company. If you have a history of accidents, your premiums will be higher than someone who has a clean driving record. Your credit history is also looked at and the better your credit rating the lower your premium. The type of vehicle you drive is also a key factor because the cost of repairing different makes and models vary.
North Dakota Auto Insurance Companies
There are twenty major companies in ND that issue more than 80 percent of the car insurance policies sold in the state. The companies that consistently had the highest rates for eight different household driving scenarios. The companies that had the highest rates consistently for these scenarios were Allstate, Center Mutual, Grinnell Select, and State Auto. The companies that consistently held the lowest premiums across the eight scenarios were Progressive Direct, Progressive NW, and State Farm Mutual.
North Dakota Auto Insurance Ratings
The highest overall satisfaction ratings for insurance companies according to JP Morgan go to Amica and USAA, both of which received five stars. State Farm received four stars in terms of overall satisfaction while Progressive, State Auto and Farmers received three stars in terms of customer satisfaction.