BISMARCK — The North Dakota Department of Insurance has released the results of an annual North Dakota auto insurance cost comparison survey.
Twenty car insurance companies were invited to participate in the survey. The companies in the survey sell more than 80% of the auto insurance written in the state. The list of participating companies is not an endorsement or recommendation by the department, but was chosen based on the volume of business in North Dakota.
“The survey is another reminder of the importance of meeting with your insurance agent, discussing your coverage, comparing rates, and finding the right coverage for you and/or your family,” said Insurance Commissioner Jon Godfread. “We encourage you to perform these reviews on an annual basis to ensure that you have the coverage you expect, should anything happen.”
The survey asked companies to report on the prices of 12 different scenarios of fictional North Dakotans and the price of insurance in different parts of the state. The price of insurance varies according to each insurer’s assessment of a driver’s degree of risk. Factors include age, gender, marital status, credit score, vehicle use, driving record, etc.
The survey is available at insurance.nd.gov.
Out-of-state drivers who are unable to purchase open-market insurance may be eligible for “assigned risk” plan. The plan is designed to make insurance accessible to any driver who wishes to purchase it, regardless of their driving record. Details are available at www.aipso.com/nd.