Cheap Auto Insurance for a School Permit in North Dakota

One of the more important things used to calculate the price of your policy is your address in North Dakota. Areas with increased crime or more people like Rugby, Belcourt, and Beulah tend to have higher rates, whereas areas with less people or fewer weather incidents generally have lower rates.

The following table illustrates the most expensive cities in North Dakota for a school permit to purchase auto insurance in.

Annual rates are comparative as the vehicle garaging location can increase or decrease auto insurance rates substantially.

The vehicle model that is being insured is one of the largest considerations that determines whether or not you find the cheapest insurance for a school permit. Vehicles with high performance, poor safety features, or a track record of large liability claims will cost much more to insure than more modest models.

The data below showcases car insurance rates for some of the most economical automobiles to insure.

Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in vehicle location which can increase or decrease premium rates considerably.

Data variables include single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in vehicle garaging location which can raise or lower premium rates substantially.

Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific North Dakota garaging location which can revise coverage prices greatly.

Discount North Dakota insurance

Insurers that offer cheap auto insurance for a school permit in North Dakota may also give you special discounts that can lower rates by 40% or more if you meet certain criteria. A list of companies and some of the discounts include:

• American Family discounts include good driver, defensive driver, Steer into Savings, air bags, good student, and mySafetyValet.
• Nationwide may offer discounts for family plan, accident-free, multi-policy, business or organization, easy pay, and good student.
• MetLife has discounts for defensive driver, good driver, accident-free, multi-policy, good student, claim-free
• 21st Century offers premium reductions for good student, 55 and older, teen driver, homeowners, student driver, automatic seat belts, and theft prevention.
• Farmers Insurance offers discounts for multi-car, electronic funds transfer, pay in full, homeowner, and good student.
• Allstate offers discounts including 55 and retired, resident student, new car, anti-theft, and economy car.

The example below compares insurance prices with and without discounts applied to the policy premium. The data is based on a male driver, no accidents or driving violations, North Dakota state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, paid-in-full, good student, passive restraint, continuous coverage, and paperless filing discounts applied. When taking advantage of discounts, the the average yearly reduction on insurance for a school permit is 28% or $770.

Cost difference between full coverage and liability

Finding cheap auto insurance for a school permit in North Dakota is important to the majority of people, and one great way to reduce the cost of insurance is to only pay for liability coverage. The diagram below shows the difference between insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in North Dakota. The information is based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are factored in.

As an average, full coverage costs an additional $1,698 per year over liability only. At some point, almost every driver questions if you should buy full coverage. There is no exact rule to drop comp and collision coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s pretend your vehicle’s replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are some conditions where eliminating full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.