North Dakota Renters Insurance
Whether you rent a modern apartment in Fargo just a block from the Red River or a single-family home outside Bismarck, renters insurance in North Dakota can help you repair or replace your personal belongings if they’re damaged or stolen.
How much does renters insurance generally cost in North Dakota?
Renters insurance in North Dakota can cost as little as $10 a month (or $118 per year) for around $30,000 in coverage1, according to 2022 data (the most recent available) from the National Association of Insurance Commissioners (NAIC). That’s less than what renters nationwide paid — an average of $185 per year for coverage, the NAIC report shows. Keep in mind that insurance premiums in most states have changed since then. Also, your cost may be different depending on things like how much personal property you want to cover, what deductible you choose and risks specific to your location.
When you bundle renters and auto policies with Farmers®, you could save up to 8% on your auto policy and up to 20% on renters. You can bundle your policies online or ask your Farmers agent for details.
What does North Dakota renters insurance typically cover?
Typically, renters insurance policies in North Dakota can provide coverage against damage to or loss of personal belongings if caused by:
- Windstorms
- Hail
- Lightning strikes
- Fire
- Vandalism and theft
- Explosions
- Falling objects
- The weight of snow or ice
Flooding — a common risk in some locations in North Dakota — is not covered, but special flood insurance through the National Flood Insurance Program (NFIP) may be available for renters.
Is renters insurance required in North Dakota?
No. In North Dakota, no state laws require you to have renters insurance. However, landlords can require you to have a renters policy as part of a lease agreement. It may help pay for another person’s medical bills or repairs to their property if you’re found legally responsible for their injuries or property damage. Renters liability coverage may also help cover your legal expenses if you’re sued over an incident that occurs in the place you’re renting. Keep in mind that your landlord’s insurance provides coverage for the building itself, but this likely does not include your personal belongings.
Wild Prairie Rose
More coverage options in North Dakota
Learn From Experience
Do you have more questions about renters insurance? We have answers.
New paint and hardwood floors are fine, but in-unit washer/dryers, smart lights and pet-friendly features are catnip to apartment seekers.
Your renters policy helps cover the contents of your apartment for a number of perils — including theft. If someone walks off with your laptop or sound system, your policy can help cover the cost to go out and buy a new one.
The amount of coverage you should consider getting depends on the combined value of all your personal possessions.
1 Estimate is based on HO-4 policy with coverage of $30,000 to $34,999.