North Dakota Car Insurance
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Hitting the Road with North Dakota Car Insurance
The Basics
North Dakota car insurance is an agreement between you and your insurance company which says in exchange for paying the premiums, they will pay for damages and losses as specified in your policy.
Under your North Dakota car insurance policy, you, your spouse, any family members living in your home and anyone you give permission to drive your car are covered for damages resulting from an accident.
North Dakota car insurance is required for all motorists. You must carry certain minimum coverages to comply with state regulations. Driving without North Dakota car insurance is punishable by a mandatory fine starting at $150. If you are involved in an accident while uninsured, 14 points will be added to your driving record, thereby suspending your driving privileges.
Mandatory Coverage
Under North Dakota law, you must carry bodily injury liability, property damage liability and uninsured/underinsured motorist coverage to legally drive a car.
Bodily injury liability provides financial protection if you injure other motorists in an accident. The minimum amounts for bodily injury liability are $25,000 per person and $50,000 per accident.
Property damage liability provides financial protection if you damage someone's car in an accident. The minimum coverage amount for property damage liability is $25,000.
Not surprisingly, uninsured/underinsured motorist coverage provides financial protection if you are hit by an uninsured or underinsured motorist. It pays for damages that would normally be covered by the other driver. The minimum coverage amounts for uninsured/underinsured motorist coverage are $25,000 per person and $50,000 per accident-it does not cover damage to your car.
While you are required to carry these minimum limits, it is important to realize that they may not be enough to pay all the damages after an accident. You may want to consider purchasing higher limits of coverage.
Additionally, there are other forms of coverage you may add to your North Dakota car insurance to protect your car. Ask your agent for details.
High-Risk Insurance
If you are unable to obtain North Dakota car insurance through the normal market, you may be eligible for coverage through the North Dakota Automobile Insurance Plan.
Coverage under the North Dakota Automobile Insurance Plan is considered "high-risk", resulting in extremely high premiums. Therefore, coverage under this plan should only be considered as a last resort.
Factors Affecting Your Premium
Before writing your North Dakota car insurance policy, insurers will need to gauge how risky you are to insure. They will judge this risk using some of the following factors:
Driving Record—accidents, traffic violations and frequent claims increase your risk, thereby increasing your premium.
Age, Sex and Marital Status—statistically, young, single men have more car accidents and will therefore pay more for North Dakota car insurance. Conversely, statistics show married couples are less likely to have an accident and will therefore pay less.
Location—metropolitan areas see higher incidents of theft and accident. So if you live or work in the city, be prepared to pay higher premiums.
Use of Car—the more you drive, the higher your risk of getting into an accident. It is for this reason that frequent drivers may pay more for North Dakota car insurance.
Credit History—some insurers will use your credit history to determine your risk. Be sure to check your credit score to be sure it contains no errors.
You will want to ask your North Dakota car insurance agent what other factors may be used to determine your risk. The more informed you are, the smarter a consumer you will be.
For More Information
For more on North Dakota car insurance, contact the North Dakota Insurance Department at (701) 328-2440. You may get more information on the North Dakota's high-risk insurance plan by calling (877) 251-3200.
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