By: Ishan Mukhopadhyay Jul. 11, 2018

Raltin’s recent analysis of car insurance premiums in Fargo, North Dakota, found that the price difference between the median and cheapest policies is from  $165 to $493, depending on the customer segment. The most significant difference was observed for 48-year-old single women driving a 2009 Buick LaCrosse CXL sedan. For this analysis, Raltin used data published by the North Dakota Insurance Department.

To compare insurance plans, Raltin has used the following criteria: the liability limit for bodily injury to another person has been chosen as either $25,000 or $100,000. The liability limit for property damage has been chosen as either $25,000 or $50,000. The limit for bodily injury from uninsured motorist has been chosen as either $25,000 or $100,000. Finally, the personal injury protection limit is set as $30,000.

Natural Farmers Union offers the cheapest premium for 48-year-old single women driving a 2009 Buick LaCrosse CXL sedan. Center Mutual offers the median premium for the same cohort of drivers, at $792.

The cohort of drivers that reports the second highest savings, of $415, between the median and cheapest premiums, is married couples aged 46 years driving a 2009 Chevrolet Silverado pickup. For the same segment,  the most expensive premium is $1841, which is offered by Geico Indemnity. Buyers can save up to $868 by choosing a company which offers premiums less than or equal to the median premium of $973.

Nodak Mutual offers the cheapest premiums in 7 of the 10 driver segments analyzed, while Geico Indemnity offers the most expensive premiums in 7 of the 10 driver segments.

The following graph compares car premiums across companies in Fargo, ND.

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The following table compares the car insurance premiums offered by key companies in Fargo, North Dakota. It also lists the names of companies included in the study and the differences between the median and cheapest or most expensive rates.

CohortCheapest Car Insurance Companies in Fargo, NDSecond Cheapest Car Insurance Companies in Fargo, NDMedian Car Insurance Companies in Fargo, NDSecond Most Expensive Car Insurance Companies in Fargo, NDMost Expensive Car Insurance Companies in Fargo, NDDifference between Cheapest and Median PricesDifference in Price from Most Expensive and Median Prices
48-year-old single women driving a 2009 Buick LaCrosse CXLNatural Farmers Union ($299)Nodak Mutual ($332)Center Mutual ($792)GEICO Indemnity ($1,242)Safeco ($1,534)$493$742
Married couples aged 46 years driving a 2009 Chevrolet Silverado pickupProgressive Direct ($558)Nodak Mutual ($561)Mid Century ($973)Safeco ($1,651)GEICO Indemnity ($1,841)$415$868
30-year-old single women driving a 2013 Acura TLNodak Mutual ($230)Mid Century ($289)Grinnell Select ($433)Allstate ($718)GEICO Indemnity ($759)$203$326
Married couples aged 25 years driving a 2007 Toyota SolaraNodak Mutual ($433)Progressive Direct ($557)Safeco ($728)Grinnell Select ($1,176)GEICO Indemnity ($1,348)$295$620
25-year-old single men driving a 2011 Ford F150 XLTNodak Mutual ($267)Progressive Direct ($273)NationalFarmers Union ($494)Metropolitan ($742)GEICO Indemnity ($898)$227$404
21-year-old single men driving a 2006 Ford MustangNodak Mutual ($171)National Farmers Union ($241)American Standard ($442)State Farm Fire ($762)Metropolitan ($978)$271$536
72-year-old single women driving a 2010 Lincoln town carNodak Mutual ($147)Progressive Direct ($214)State Farm Mutual ($417)Safeco ($568)GEICO Indemnity ($668)$270$251
40-year-old single men driving a 2010 Chevrolet ImpalaProgressive NW ($126)Progressive Direct ($137)Mid Century ($291)Allied ($524)Metropolitan ($680)$165$389
Married couples aged 35 years driving a 2008 Dodge RamNodak Mutual ($305)Progressive Direct ($332)American Family ($536)Center Mutual ($871)GEICO Indemnity ($1,054)$231$518
Married couples aged 65 years driving a 2013 Ford F-150 super crew pickupNodak Mutual ($284)Progressive Direct ($311)National Farmers Union ($550)Center Mutual ($883)GEICO Indemnity ($1,367)$266$817


ABOUT THE AUTHOR

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Ishan Mukhopadhyay

Ishan has over 5 years of experience as a freelance journalist and a content writer. He graduated from The English and Foreign Languages University and holds a Masters degree from the University of Hyderabad. Apart from the English language, Ishan's other passion is data driven journalism.

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