I’m a vehicle owner in North Dakota. Why do I need auto insurance?
Auto insurance acts as a contractual agreement between yourself and your chosen carrier subject to a premium being paid. Once an auto insurance policy is in place, you will be protected from the risks that are commonly associated with the ownership or driving of a motor vehicle.
What can I expect from my auto insurance policy?
This will vary greatly depending on the type of coverage you purchase. The policy itself is a three-part document and the first page will highlight the types of coverage that are in effect and the value your auto insurance reaches. This particular page is known as the Declaration. The second page is called the Text and details exactly who (or what) is covered by the terms and conditions of the policy. The final page, the Endorsement, lists any modifications or limits that can be applied to the Text.
How important is it that I purchase auto insurance?
Auto insurance is a mandatory measure in the state of North Dakota and all vehicles that are registered in the state must meet the minimum requirements.
What are those minimum requirements?
The following levels of mandatory auto insurance coverage are currently in place and these must be met as a minimum requirement:
- $25,000 worth of property damage liability per person
- $50,000 worth of property damage liability per accident
- $25,000 worth of property damage liability
- $25,000 worth of uninsured or underinsured motorist coverage per person
- $50,000 worth of uninsured or underinsured motorist coverage per accident
- $30,000 worth of personal injury protection
What can happen if I fail to purchase adequate auto insurance?
Continuing to use a vehicle without sufficient auto insurance coverage in place is a Class B misdemeanor and you will receive a minimum fine of $150 for a first offence. If you are involved in a road traffic accident and are found to be driving without auto insurance, a total of 14 points will be added to your driving license and this will result in an immediate suspension.
I’m concerned that a basic policy might not cover my needs. What options do I have?
A basic policy can be upgraded at the time of purchase and it is always recommended that you increase the financial limits on all of your liability and no-fault basic features. However, there are a number of other add-ons that you may wish to consider:
Collision Coverage – Collision coverage provides protection for any damage caused to your vehicle irrespective of who is found to be at fault in an accident.
Comprehensive Insurance – Comprehensive insurance offers coverage for any damage to your vehicle outside of an accident scenario. This could include acts of theft or vandalism, fire damage, falling objects, adverse weather conditions and even hitting an animal.
Towing – Towing coverage will reimburse you for any costs incurred where your vehicle needs to be towed away from North Dakota highways.
Death and Dismemberment – Death and dismemberment can be added to a policy as a means of providing financial coverage if you are fatally injured or lose a limb as a result of a road traffic accident.
GAP Insurance – GAP insurance will cover any payments owed to a lender if your vehicle is declared a total loss after a road traffic accident or if it is stolen. All outstanding loans will be met even if the market value of the vehicle is below the final settlement figure.
Who is covered on my auto insurance policy?
Your auto insurance policy will cover the named driver, spouse and any other family members currently residing at the same address. The policy will also offer protection for anyone else who uses the vehicle as long as they have the express permission of the vehicle owner.
Can my auto insurance policy be cancelled for any reason?
Once a 60 day period has elapsed, your auto insurance company can only cancel your policy for one or more of the following reasons:
- Non-payment of outstanding premiums due on a policy
- Suspension, revocation or withdrawal of the license of the named insured driver
- Fraud or misrepresentation during an auto insurance policy purchase
- The insured vehicle is mechanically defective
- The named insured driver relocates to a state outside of North Dakota where the carrier has no license to operate
- Failure to pay fees or dues to any organization or association where membership was a prerequisite of obtaining the auto insurance policy
What happens if I ever overlook a payment?
The chances are that your policy will be automatically cancelled as soon as a missed payment shows up on the system of your preferred carrier. Although a very small number of auto insurance companies have a period of grace for late payments, the overwhelming majority of carriers will not permit any grace whatsoever.
How are auto insurance rates regulated within the state of North Dakota?
Auto insurance rates are regulated by the North Dakota Insurance Department but they are actually set by the carriers themselves. If an auto insurance company wants to raise typical rates, the North Dakota Insurance Department will review any proposals to see if price increases are actually justified.
These answers make things clearer. However, I’m still confused over the way my auto insurance quotes are determined. How does this work?
Auto insurance quotes are compiled using an advanced mathematical formula that assimilates risk. This task is carried out by a team of underwriters and auto insurance quotes will be offered once all of the following factors have been considered:
- Type of coverage purchased
- Amount of coverage purchased
- Marital status
- Vehicle usage
- Type of vehicle
- Credit history
- Claims history
What can I do to find the lowest auto insurance rates?
The best thing to do is shop around. There are still a number of different ways to purchase auto insurance and there are still many land-based outlets and telephone call centers that supply competitively-priced policies. However, most consumers prefer to shop online for auto insurance quotes and price comparison websites make this much easier because multiple policy offers can be found from a single central marketplace.
Will shopping around guarantee cheap auto insurance quotes?
No. However, it’ll certainly help in terms of reviewing the coverage you are being offered. By comparing multiple policies on a side-by-side basis, you will find it much easier to see where the most competitive deals lie. Road users in North Dakota should always remember that the cheapest auto insurance deals are not always likely to be the best ones.
What other steps can I take to lower my auto insurance rates?
There are a number of steps a driver can take to help lower premiums. Cheap auto insurance quotes can be easier to find if at least one of the following actions is taken:
- Obtain a copy of your credit record and make sure that all entries contained on it are correct
- Consider increasing the deductible figure on your auto insurance policy so your premium goes down
- Take a defensive driving course as a means of displaying a responsible attitude to vehicle use
- Fit advanced safety and security features to your vehicle to lower the factor of risk
- Reduce your annual mileage
What happens to my auto insurance rates if I’m involved in an accident?
Unfortunately, the chances are that your auto insurance rates will increase. In most cases, a surcharge will be applied to your policy and this will be enforced for a period of three years. The surcharge cannot be added while a current auto insurance policy is in operation and will usually be applied once coverage is being renewed.
Auto insurance seems so complicated? Where can I get the best advice on the subject?
Promiga Auto Insurance Quotes run a dedicated platform that specializes in providing detailed information about coverage in all 50 US states. Motorists in North Dakota can find a series of regularly updated articles that contain fresh content regarding the world of auto insurance throughout the Peace Garden State.
Isn’t this just another price comparison website?
Absolutely not! Promiga provide one of the most comprehensive resources available to bring our customers the very best auto insurance quotes in the current marketplace. We only operate in conjunction with the most prolific auto insurance companies in the country and every single one of our partners enjoys an elusive A-rating. When you purchase your auto insurance policy through Promiga, you’ll also be buying a small piece of our excellent reputation for great products at the very best prices.
How do I get my auto insurance quotes?
Promiga ask you for nothing more than a North Dakota ZIP code and we’ll never pester you for personal information. We simply act as an immediate between you and our partners and never sell on your details to any third party companies. By visiting Promiga for your free auto insurance quotes, you’ll be able to compare one of the widest ranges of policies available without any obligation to purchase whatsoever.