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Auto insurance. North Dakota.

North Dakota Auto Insurance Information

   North Dakota state law requires that all motor vehicles registered and operated in the state carry certain minimum insurance coverages.
   Automobile insurance is a contractual agreement between an insurance company and an insured, which, in exchange for a premium, provides financial protection for risks associated with driving or owning an automobile.
   The personal auto policy provides coverage to the named insured, spouse and other relatives residing at home as well as anyone to whom the named insured has given permission to operate the vehicle.
   Driving without liability insurance is a class B misdemeanor and is punishable by a mandatory fine of at least $150. Additionally, if you are involved in any accident, the state will assess 14 points against your driver’s license, resulting in a suspension of your license.

The coverages and minimum limits mandated by law are:

   Bodily Injury Liability: $25,000 per person (the maximum amount payable to one person)/$50,000 per accident (the maximum amount payable to all people injured in one accident). Bodily injury liability provides coverage for claims brought against you for bodily injury caused to another person through the operation of your vehicle.
   Property Damage Liability: $25,000 per accident. Property damage liability provides coverage for claims brought against you for damage caused to someone else’s property through the operation of your vehicle. Also covers damage to a car you rent for personal use on a short-term basis.
   Uninsured Motorist Coverage: $25,000 per person/ $50,000 per accident. Uninsured motorist provides you coverage for a bodily injury claim you would have against another driver who does not have insurance. This coverage does not pay for physical damage to your vehicle.
   Underinsured Motorist Coverage: Underinsured motorist coverage must be equal to the uninsured motorist coverage. Underinsured motorist provides you coverage for a bodily injury claim you would have against another driver whose liability coverage is less than your underinsured coverage.
   Basic No-Fault: $30,000 per person. Basic no-fault provides you coverage for economic loss (such as medical expenses and work loss) as a result of an accidental injury in your auto without regard to fault. No-fault is also known as Personal Injury Protection or PIP.

   Auto insurance premiums vary considerably depending on risk, coverages, and vehicle type. Generally, premiums are based on:

The amounts and types of coverage you buy. Generally, the higher the limits and the broader the coverage, the higher the premium.
Your driving record. Accidents or traffic violations can result in higher premiums.
Your age, sex and marital status. For example, young, single male drivers generally pay more than any other group.
Where you live. The state is divided into territories for rating purposes. Generally people in metropolitan areas pay more than those in less congested areas.
How you use your car. The more you drive, the more you pay.
The type of car you drive. It costs more to repair some cars than others and companies charge accordingly.
Your credit history. Consumers with a poor credit history (financial stability score) might be charged a higher premium than a consumer with a good credit history.
Your claims history. Consumers with recent and/or frequent claims will likely pay higher premiums than a consumer without a claims history.

Discounts

   Company discounts may include: good student discount, accident free discount, antitheft device discount, defensive driving discount, multi-vehicle discount, and airbag or antilock brake discounts.

What is high risk insurance?

   Some companies specialize in writing individuals who have a history of claims, accidents, or a bad driving record. These are commonly referred to as high risk or non-standard companies. In addition to applying the normal rating factors, they also base the rate upon your record.
   Individuals who are unable to obtain insurance through standard carriers or through nonstandard (high risk) insurance can apply to the North Dakota Automobile Insurance Plan for coverage. This organization is also known as the Assigned Risk Plan. When you cannot get auto insurance through regular channels, your agent should be able to assist you in making application to the Assigned Risk Plan. The application is sent to the Plan manager who then assigns the application to a specific company. The company must issue a policy according to Plan rules and rates. The Plan’s premiums are very expensive, therefore it is only as a last resort.

   Certain violations such as a DUI, driving under suspension, refusal of a chemical test or driving without insurance will, by law, result in the suspension or revocation of your driver’s license. In these cases, the State Drivers License Division of the Department of Transportation is required to have the individual show proof of future financial responsibility for a period of one year. This may be in the form of liability insurance, a cash deposit in the amount of damages if an accident was involved, or a cash bond in the amount of $25,000. Drivers seeking to satisfy this future financial responsibility requirement may do so by having their auto insurance company file a SR-22 Financial Responsibility filing (SR- 22 is the form name) with the state. Generally, only those companies writing non-standard auto (high risk) insurance provide this certification form.

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