Fargo, ND Car Insurance

On average, Fargo drivers pay a monthly average rate of around $88 for their car insurance. To find out more check out our guide below.
How much can residents of Fargo expect to pay for their car insurance? How does Fargo compare to the surrounding area and the rest of North Dakota? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:  

How much is car insurance in Fargo?

Area Average Monthly Car Insurance Premium
Fargo$88
ND$88
United States$81

Based on the chart above, you can see that the costs for coverage in Fargo are in line with rates across the rest of North Dakota.

If you're considering relocating to Fargo from out of state, you may want to budget a little extra for your insurance. The average monthly payment in Fargo is about $7 more expensive than the rate for the rest of the U.S.

Although these are the average rates for auto insurance in Fargo, that doesn't mean it's exactly what you'll pay. The amount that insurance companies end up charging you is determined by a number of factors. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

We've broken down average rates for Fargo to help you understand what your policy's monthly premium will cost. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$121
25-34$68
35-44$62
45-54Not Enough Data
55-64$59
65+$62

The older you are, the more experience you're likely to have behind the wheel, right? When it comes to auto insurance premiums, that experience pays off. As you can see, 18-24-year-olds pay a lot more than drivers 65 and older.

You can expect to see your monthly premium drop every 10 years or so. Having said that, once you approach retirement age your rates may climb back up in Fargo.

Average Car Insurance Rates by Gender

Gender Average
Male$91
Female$84

Car insurance rates for men are usually slightly more expensive than they are for women. This is true in Fargo, where women pay around $7 less per month. As illustrated in the table above, female drivers in the area pay about $84 on average, while male drivers pay around $91 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$92
Multiple Accidents$104
1 Ticket$110
Multiple TicketsNot Enough Data

One of the key factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. The rate for drivers in Fargo with a single accident on their record is about $92 a month. In addition, drivers with a single ticket on their record can expect to pay around $110 a month on average.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. Remember, the safer you are as a driver, the cheaper your car insurance will be.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$117
2-3 Years$92
4-5 Years$95
6-7 Years$65
8-10 Years$86
11-14 Years$98
15 Years or Older$71

In Fargo, the cheapest vehicles to insure are typically cars, with drivers paying around $86 per month for insurance.

SUV owners, on the other hand, usually pay around $93 a month, while truck and van drivers can expect to pay about $89 per month for auto insurance.

Your vehicle's age also plays a role in your monthly payment. Newer vehicles are generally going to be the most expensive to insure. However, your rates may start to drop back down once your car is around 5 years old. In Fargo, the most expensive vehicles to insure are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$92
Married$77
Divorced$80
Widowed$53

On average, people who are married will pay slightly less to insure their vehicle. This usually happens because companies will extend special discounts to policyholders with multiple vehicles that are on the same policy.

The cost of auto insurance in Fargo reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $15 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$67
Rent$93
Live with parents$78

Another factor that comes into play is your living accommodations. In Fargo, homeowners can expect to pay around $26 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.

Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average costs, depending on your insurance company.

Car Insurance Companies in Fargo, ND

Recent trends in car insurance for Fargo drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when selecting an auto insurance policy.

Auto insurance rates in Fargo dropped from 2017-2019, before steadying out in 2020. Rates began decreasing again in 2021, and finished down in 2022, at $63.

How does Fargo compare to neighboring areas?

Why are car insurance rates in Fargo different from other areas?

When considering how much to charge for an insurance policy, car insurance companies will evaluate several factors. While we've discussed the ones that affect your personal policy, others are based around where you live and drive. These include things like:

  • Road Safety (frequency of local car accidents)
  • Total number of drivers in the region
  • Prevalence of crime
  • Off-street parking access
  • Laws

An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Fargo?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

Luckily, Compare.com has you covered. Simply enter your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from a number of the car insurance companies offering plans in Fargo in no time.

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Fargo Insurance FAQs

What factors affect car insurance quotes in Fargo?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Fargo different from other neighboring cities?

Things like local laws, crime rates, and parking situations, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

Which car insurance company will offer me the cheapest rate in Fargo?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Fargo?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Fargo or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes