Car Insurance in Minot, ND
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Driving in Minot, ND
Minot, ND, offers a lot for its approximately 47,800 residents. They can camp, fish and check out restaurants and breweries. Of course, cars can make everyday life easier, and auto insurance can make it even easier.
Minot operates several bus routes on weekdays from 7 a.m. to 7 p.m. This is helpful for a lot of people, but vehicles offer another layer of freedom and convenience. In fact, the average Minot household has two cars.
People in Minot aren't strangers to snow, especially in January. At 10.3 inches on average, it is the month with the most snowfall in Minot, and seven other months get significant snowfall as well. About three people in the city are involved in fatal car crashes per year, and car insurance is important for extra protection and peace of mind year-round, no matter how safely you drive. Fortunately, it is easy to compare rates from multiple auto insurers with VIU by HUB.
Requirements for Car Insurance in Minot, ND
North Dakota requires its drivers to carry liability, personal injury protection and uninsured motorist coverage.
- Liability: Covers bodily injuries and property damage you cause. This does not apply to your own injuries or damages. You're required to have 25/50/25 coverage, which means $25,000 bodily injury coverage for one person in an accident and $50,000 for multiple people, and $25,000 for property damage.
- Personal injury protection (medical payments): You need to have at least $30,000, and this coverage can help with medical expenses, lost income and other problems that occur from an accident regardless of fault.
- Uninsured motorist/underinsured motorist: Some drivers lack insurance or enough of it, or you could be hit by a hit-and-run driver whose information you never get. This coverage helps in these situations. You must have at least 25/50, $25,000 for one person's bodily injuries and $50,000 for multiple people's injuries.
Many drivers expand their coverage beyond these required minimums. For example, if you own a home and have investment accounts, those assets could be at risk. If you are at fault in an accident and your liability insurance is not enough to pay what is needed, the other party could sue and get your assets to pay for their expenses and other bills.
Lender Requirements
If you have an auto loan, you probably need collision and comprehensive car insurance in Minot, ND. These two types of coverage reduce lenders' risk because the insurance can help with car repairs or replacements. If your car is new or pricey, it can be a good idea to carry these two types of insurance, too.
Collision applies to car collisions and if you hit a standing object, such as a fence. Comprehensive can apply to car-animal collisions and instances such as fire and theft.
The Average Cost of Car Insurance in Minot, ND
On average, Minot drivers pay $126 a month or $1,512 a year, which is less than the national average. Factors such as the deductible amount and the types and levels of coverage could have you paying more or less than the average.
Other variables such as your car make and model, driving history, age, gender, credit score and marital status play a role as well. Each insurer weighs these factors differently and may consider other things when formulating risks, though, so comparing multiple quotes from different companies can get you the most affordable and reliable coverage. To find car insurance in Minot, ND, for your needs, use VIU by HUB's easy platform to quickly compare rates from many insurers at once.
This information is intended for general informational purposes only and is not intended to constitute legal advice.