Fargo Car Insurance

The Zebra
May 30, 2018

Car Insurance in Fargo

Fargo premiums fall below the state average by $154, which is why the city is recognized for its low-cost premiums. Let’s get started on how to save on car insurance in Fargo.

  • City Average: $1,076
  • State Average: $1,230
  • National Average: $1,427

Fargo Car Insurance by Age

The biggest reduction in premiums between any age group is from the teenage age range to the 20s, as drivers in Fargo start saving 65% on car insurance. The first time drivers can expect their age to trigger a rise in car insurance premiums is when they turn 60. Car insurance premiums are highest for teenage drivers, with average rates of $4,284 per year. At $930, drivers in their 50s have the smallest car insurance payments among any age group. Those in their 60s ($948) aren’t paying much more.

  • Teenagers: $4,284
  • 20s: $1,514
  • 30s: $1,065
  • 40s: $1,017
  • 50s: $930
  • 60s: $948
  • 70s: $1,160

Fargo Car Insurance by Gender and Marital Status

There are quite a few factors, including marital status and gender, that can come into play when determining car insurance premiums in Fargo. You can save an average of 6% per year if you're married as opposed to single. Rates for those who are widowed are moderately cheaper than rates for those who are single. Usually, males have premiums that are a little more pricey than those for females.

  • Female: $1,074
  • Male: $1,076
  • Single: $1,076
  • Married: $1,015
  • Divorced: $1,076
  • Widowed: $1,050

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Fargo Car Insurance by Credit Rating

There is a disparity of $1,055/year between car insurance premiums for individuals with Very Poor credit (300-579) and Exceptional credit (800-850). Drivers can save an average of $312 per year when they upgrade their credit tier from Very Poor (300-579) to Fair (580-669).

  • Very Poor: $1,975
  • Fair: $1,659
  • Good: $1,347
  • Very Good: $1,125
  • Exceptional: $920

Fargo Car Insurance by Accident or Violation History

Previous accidents and violations can cost you in terms of car insurance rates. In Fargo, drivers with a DUI have rates 67% greater than the city average of $1,076. Reckless driving will also push your rates up, with average rates of $1,746, which are 62% higher than the city average! For individuals in Fargo with at-fault accidents, $504 is the increase that can be expected to annual insurance premiums.

  • DUI: $1,794
  • Reckless Driving: $1,746
  • At-fault Accident (damages less than $1000): $1,580
  • At-fault Accident (damages greater than $2000): $1,580
  • Speeding Ticket (16-20 mph over speed limit): $1,339