Insurance Costs in Fargo, ND
Auto insurance in Fargo averages $1,329 per year for full coverage, which is lower than the national average. Here is a detailed breakdown of what residents pay.
Updated July 2026Auto Insurance in Fargo, ND: What You Need to Know
Fargo residents pay an average of $1,329 per year for full coverage auto insurance, which is 5.0% above the North Dakota state average and 20.6% below the national average.
With a population of 125,990, Fargo is a mid-size city in North Dakota. Insurance rates here are typical for the state.
Coverage Level Comparison
| Coverage Type | Annual Cost | Monthly Cost |
|---|---|---|
| Full Coverage (100/300/100) | $1,329 | $111 |
| Standard Coverage (50/100/50) | $1,090 | $91 |
| State Minimum (25/50/25) | $558 | $46 |
Homeowners Insurance in Fargo, ND
The average cost of homeowners insurance in Fargo is $1,943 per year ($162/month), which is 6.8% above the national average.
Home insurance costs are influenced by local factors including weather risks (hail, wind, flooding), property values, local building costs, and proximity to fire stations.
Renters Insurance in Fargo, ND
Renters insurance in Fargo averages $168 per year ($14/month). Renters insurance is affordable and protects your personal belongings, provides liability coverage, and may cover temporary living expenses if your rental becomes uninhabitable.
Compare with Other North Dakota Cities
| City | Auto Insurance | Home Insurance |
|---|---|---|
| Bismarck | $1,241/yr | $1,810/yr |
How to Save on Insurance in Fargo
- Shop around. Get quotes from at least 3-5 different insurers. Rates in Fargo can vary by $500 or more between companies for the same coverage.
- Bundle auto and home/renters. Many companies offer 10-25% off when you carry multiple policies.
- Increase your deductible. Raising your deductible from $500 to $1,000 can cut your premium by 15-30%.
- Ask about local discounts. Some insurers offer discounts for anti-theft devices, safe driving courses, or parking in a garage.
- Review coverage annually. Your needs change over time. Make sure you are not paying for coverage you do not need.
Frequently Asked Questions
How much is car insurance in Fargo, ND?
The average cost of car insurance in Fargo, ND is $1,329 per year for full coverage, or about $111 per month. Minimum coverage costs around $558 per year.
Is car insurance expensive in Fargo?
Car insurance in Fargo is relatively affordable compared to many U.S. cities.
How much is home insurance in Fargo?
Homeowners insurance in Fargo costs an average of $1,943 per year. Your actual cost depends on your home's value, age, construction type, and specific location.