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If you are looking to save money on North Dakota home insurance, there are several factors to keep in mind. Living in the northern part of the state typically reduces your annual home insurance payments. Grand Forks has the lowest home insurance rates, followed by Devils Lake and Grafton. Factors such as historical claim rates and the cost of labor, construction, and materials required to rebuild and repair a property can also impact home insurance rates. In North Dakota, the quality of your local fire department, particularly in rural areas, can affect your annual home insurance rate.Fortunately, North Dakota homeowners insurance providers may give certain discounts based on lifestyle, customer loyalty, and preventative measures in their homes. Homes without smokers can qualify for lower premium rates, as can having functional protective devices such as smoke detectors and burglar alarms. Compared to the rest of the nation, North Dakota has a lower-than-average rate of serious crimes, which automatically reduces homeowner insurance rates statewide for that category. If you have a claim-free history, you may be eligible for a discounted premium rate. Some companies offer a better rate for multiple policies, such as bundling home and auto insurance. Age is also a factor, as individuals who are 60 years old or older may receive a discounted insurance rate.
As with other Midwestern states, North Dakota is subject to extremely cold winters and wind/hail from summertime thunderstorms and tornadoes. The likelihood of your home to encounter damage or loss from an extreme weather event can affect your premium rate. However, you may receive a discount for taking protective measures to reduce the risk of weather-related damage, such as installing a hail-proof roof and updating your heating system. It is a good idea to find out about windstorm damage coverage beforehand, as some companies require a separate deductible for loss attributed to severe storms. Most homeowner insurers do not offer flood protection in their premium plans, so if your home is prone to flood damage, you may want to consider purchasing that special coverage as an add-on value.
If you live in a mobile home, keep in mind that special prices and conditions may apply for mobile home insurance in this state. Policies for mobile homes are generally more limited than policies for standard homes, and they may cover the actual cash value of your residence instead of the replacement cost.