Nodak vs. State Farm: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Nodak offers significantly cheaper prices than State Farm
• Nodak offers more affordable rates for policyholders who are looking to purchase insurance with a spouse
• State Farm may help you save more money -- they offer more discounts than Nodak Insurance Company

Nodak or State Farm: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering substantial savings. But exactly how much can you save by switching?

You might have narrowed it down to Nodak or State Farm, but which one will save you the most?

Looking at nationwide averages, State Farm is quite a bit more expensive than Nodak, with premiums averaging $158 a month compared to just $111 with Nodak.

But Nodak may not be the most affordable or best option for every single driver out there. Auto insurance carriers use tons of complex algorithms to determine prices, so depending on how clean your driving record is or how good your credit score is (among a whole bunch of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average prices from both Nodak and State Farm by many different rate factors, so read on to find out which carrier is the best for you.

Nodak vs. State Farm: Average Car Insurance Rates by State

Nodak and State Farm only compete against each other in North Dakota, where State Farm offers the cheaper average rates. State Farm drivers tend to pay about $12 per month less on average compared to drivers who use Nodak for their car insurance.

There's a lot more that goes into your insurance cost than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any group out there on the road. It's usually because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

That being said, that doesn't mean that teen drivers have to just accept sky-high auto insurance prices. For example, 18-year-old drivers pay an average of almost 40% less a month by choosing Nodak over State Farm.

Even so, with both companies, you'll see your rates decrease significantly by the time you turn 25. State Farm offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Nodak still has the cheapest premiums at $106 a month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the most affordable insurance prices you'll ever see. After all, they've likely been driving for quite some time, which normally decreases their chances of collisions and other infractions that can raise premiums.

But who has the best rates for retired drivers between Nodak and State Farm? Nodak gets the edge here, with average prices coming in at around $84 monthly compared to State Farm's $111.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive auto insurance premiums than married couples. That's because policies for married policyholders generally cover more than one vehicle, which several carriers will give you a discount for.

For single drivers, the difference in average rates between these two companies is significant, with Nodak premiums coming in at a third less than State Farm's. For married drivers, the advantage is clear again - Nodak has the edge when it comes to average rates.

Nodak or State Farm: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll normally end up paying more for insurance than women.

Men usually pay about $5 per month more than women with Nodak, and around $12 more with State Farm.

Looking at the data for each company specifically, Nodak comes out as the cheapest option for both genders, with average prices 30% less for men and 28% cheaper for women.

Nodak vs. State Farm: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Car insurance can be a complicated subject for most people. Everyone needs auto insurance, but there are so many different terms and limits that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

Looking specifically at state minimum limits for liability insurance, Nodak has the significant edge, with average monthly rates coming in at $36. If you want a full coverage policy with the same state minimum limits, Nodak again has the edge, with policies averaging about $187 a month to State Farm's $216.

Is Nodak or State Farm Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that speeding tickets and collisions lead to higher prices, but which carrier -- Nodak or State Farm -- has the lowest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Nodak for their insurance can generally expect their monthly bill to go up around 16% after getting a speeding ticket. State Farm policyholders can expect a less drastic increase of about 14%.

However, Nodak tends to offer the best prices for drivers both with clean records and with a ticket -- their rates are around 33% more affordable for drivers with clean records and 31% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Nodak drivers who get in an accident can expect to see their prices rise by over 15%, while those who have insurance through State Farm will see around a 20% increase.

At the end of the day, Nodak offers the most affordable rates for drivers with an at-fault collision on their records, with average premiums coming in at $107 compared to State Farm's $163.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. For example, Nodak increases average rates by more than $50 per month -- that's more than a 35% increase.

How does Credit Score Impact Nodak and State Farm Rates?

Did you know many car insurance companies take your credit score into account when determining prices? This isn't true for everyone (for example, Michigan and Massachusetts are two states that ban the practice entirely), but it might come into play for lots of policyholders.

Insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with more affordable premiums.

Looking at Nodak and State Farm specifically, which company has the best rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Nodak or State Farm Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a big impact on how much auto insurance companies will charge for coverage? Typically, the more milage you put on your car each year, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, Nodak tends to be the less expensive option. State Farm's average prices for drivers with 6,000 annual miles come in nearly 30% more expensive than Nodak. Those who drive 12,000 miles yearly can expect to pay just under 30% more with State Farm over Nodak.

Nodak or State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for insurance, but the type of area you live in can have a sizable impact as well. Generally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of vehicles that are on the roads where they live.

Nodak boasts the lowest average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Nodak Insurance Company's average rates are about $74 less than State Farm. People who live in suburban areas pay around $50 less with Nodak compared to State Farm. Those in rural areas can expect to save about $15 with Nodak compared to State Farm.

Nodak vs. State Farm Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can. That's where auto insurance discounts comes into play.

The difficult part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Nodak and State Farm so that you can easily see which company offers the most discounts and, therefore, the largest savings.

State Farm knocks Nodak out of the park when it comes to the sheer number of discounts available, offering 14 more discounts than Nodak.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, and discounts for insuring multiple cars with the same company. State Farm also offers discounts for ABS, annual mileage, anti-theft, and more.

On the other hand, Nodak has a few proprietary discounts of their own for things like EFT discounts, low mileage discounts, and loyalty discounts.

Final Thoughts: Is Nodak or State Farm Best for You?

So, we've broken down the average premiums for many of the variables insurance carriers look at, and walked through the different discounts each company offers, too. But, at the end of the day, which carrier is the right carrier for you, your vehicle, and your wallet?

Nodak might be best for you if....

• You will be the only person on the car insurance policy.
• You want to save money while purchasing insurance for a teenager.

State Farm might be best for you if...

• You are considering moving to another state -- undefined is only available in.
• You're looking for discounts -- State Farm has the most.

Hopefully, this guide has ben a valuable resource as you compare Nodak and State Farm and that it aids in making a more informed decision about your car insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on auto insurance -- comparing quotes from multiple companies, not just Nodak and State Farm. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

Nodak vs. State Farm FAQs

Is Nodak or State Farm cheaper?

Nodak is the cheaper of the two companies when looking at national average prices, with policies averaging $111 a month with Nodak and $158 for State Farm. Even so, that doesn't mean Nodak will be the most affordable company for every policyholder, since there are multiple different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Nodak or State Farm?

Sadly, the answer truly is "it depends.". No one carrier is necessarily "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do Nodak and State Farm offer me different rates?

Auto insurance carriers use quite a few different variables when calculating the rates they charge. Factors such as where you park your car, where you call home, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Nodak and State Farm use different formulas, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Nodak or State Farm is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best company for you isn't Nodak or State Farm at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.