North Dakota Auto Insurance
In the state of North Dakota, you are required to have insurance in order to legally own and/or operate a motor vehicle. In fact, the state is so stringent about its laws as they pertain to drivers and insurance that anyone who is caught operating a motor vehicle without insurance will be fined a minimum of $150. If a person who does not have automobile insurance is involved in a wreck or an accident, he or she will have the driver’s license suspended and fourteen points will be charged to the driving record, making it hard (and very expensive) to obtain auto insurance once getting the license back.
Obviously, it is much easier to just abide by the rules in North Dakota, rather than to face the heavy consequences. In addition to having insurance, drivers must make sure that their insurance policies meet certain minimum standards set in place by the state. These include at least:
- $25,000/$50,000 in bodily injury liability
- $25,000 for property damage liability
- $25,000/ $60,000 uninsured motorist coverage
- and at least $30,000 of personal injury protection (also known as no-fault basic insurance)
North Dakota is a No Fault Insurance state?
North Dakota operates under a set of “no fault” auto insurance laws. Most states operate under the tort system so if you are new to no fault insurance it is definitely something that can take some time to get used to. The most important thing to remember however is that when an accident occurs, no matter who “caused” it, your insurance will be responsible for paying your medical bills and any damages to your vehicle. Many people find this unfair, but it does keep the risk of litigation down. Just make sure that you have enough insurance to adequately protect yourself in the event of an accident. Ideally, you should have good coverage throughout, but if you can only afford to up your policy in one area, choose personal injury protection. This is the insurance that will pay for expensive medical bills, lost wages, and more if you are injured in an accident.
Should I buy more auto insurance in a No Fault state?
North Dakota auto insurance requirements are sufficient in most cases but “no-fault” insurance does not mean “no liability” in a car accident. Your auto insurance policy is simply coverage for insured events up to your policy limits. Any damages or costs exceeding the amount of your coverage can still be your own personal liability. Most North Dakota drivers opt for at least $100,000 in coverage.
How much does auto insurance cost in North Dakota
North Dakota drivers average $1,365 annually in auto insurance premiums – almost 10% lower than the national average but still higher than 40% of America. Drivers can often find much cheaper auto insurance rates by shopping around however it’s important to understand how auto insurance works before comparing policy quotes. As with most states very few people really understand how auto insurance works but taking the time to learn about discounts, the different types of insurance and how different policy deductibles can lower your premiums can certainly result in obtaining much better coverage for you and your family. With a little effort you can pay well below the state average for your auto insurance.
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