In North Dakota, all drivers must carry proof of financial responsibility before they can legally drive within state limits. Failure to furnish insurance documents will result in a minimum fine of $150 the first time a driver is caught, and successive offenses result in impoundment of your vehicle. North Dakota, with an annual average insurance rate of $1334, is the 15th least expensive state to buy auto insurance in the United States. Fargo, North Dakota’s largest city, has an annual average insurance rate of $1031.
If you are planning to buy a used car, the Honda Civic is one of the most affordable options in Fargo. The median price of the Honda Civic is $11,999, but it costs around $1020 to insure it every year. The Honda Accord, on the other hand, has a median price of $13,999, but costs $969 to insure on an annual basis.
The table below lists the insurance rates of the most popular cars in Fargo –
|Make||Model||Year Range||Annual Average Insurance Rate ($)|
|Honda||CR-V||2005 - 2012||874|
|Toyota||Corolla||2005 - 2012||949|
|Honda||Accord||2005 - 2012||969|
|Toyota||Camry||2005 - 2012||997|
|Honda||Civic||2005 - 2012||1,020|
|Ford||F-Series||2005 - 2012||1,020|
|Nissan||Altima||2005 - 2012||1,101|
|Chevrolet||Silverado||2005 - 2012||1,126|
The Honda CR-V is clearly the least expensive car in terms of insurance costs. Its median price is, however, pretty steep in Fargo. It costs around $25,599 in Fargo, though it can be purchased for a median price of merely $10,000 from Nashville, Tennessee. If you buy your vehicle from Nashville and have it shipped back home, you stand to save more than $10,000. Even if you add auto transport charges and buy the best transport insurance that money can buy, you will end up saving a huge chunk of your upfront costs.