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Auto Insurance Questions

How much insurance do I need?

How much insurance do I need?

North Dakota requires that all licensed drivers carry the minimum required liability limits to drive in the state. These limits are $25,000/50,000.

Beyond that, it depends upon your financial protection needs. For example;

  • Will your budget allow for unexpected expenses after an accident?
  • What would happen if someone sues you as a result of an auto accident?
  • What if you were required to pay expenses out of your own pocket?

You can see there's not an easy answer, but your Nodak Insurance Company agent can help explain different coverage levels and assess your needs, your budget and your comfort level.

What will an accident do to my rates?

What will an accident do to my rates?

If you're found to be "at fault" in an accident, it could affect your insurance premiums.

The bad news

Your premiums may increase by a little or a lot, depending on your negligence, the amount of the loss and the number of claims you've had. Some companies might even drop you as a customer.

The good news

You don't have to be penalized indefinitely. At-fault accidents are typically removed from your record in three years. Some insurance companies don't share that information with you, charging you a higher premium indefinitely. Conversely, your Nodak Insurance Company agent wants to get you back into a more economical premium as soon as you're eligible.

What determines my premium rate?

What determines my premium rate?

How much you pay for car insurance depends on a variety of factors, like:

  • Age
  • Gender
  • Driving record
  • Where you live
  • Type of vehicle you drive
  • Types and amount of coverages
  • Claims history

You can also make choices that will help you save money—such as choosing a particular type of car or taking advantage of our safe drivers, good student or multi-vehicle discounts.

How do I choose the best deductible for me?

How do I choose the best deductible for me?

You have some choices to make here.

Higher deductible = lower premium

But you'll also need to come up with more money out of your own pocket should something happen to your vehicle.

Lower deductible = higher monthly premium

But, if something happens to your car, you won't have much expense from your own pocket.

Your choice of deductible boils down to how much money you have at your fingertips at any given time—and how much of a risk you are willing to take.

How do I get a good rate without sacrificing coverage?

How do I get a good rate without sacrificing coverage?

Nodak Insurance Company enables you to receive our best protection at a reasonable price. For further incentives, we offer discounts for things like taking safe driving courses and further discounts for have multiple policies with us, for example, you homeowner's insurance or excess liability, or multi-vehicle discount when you insure more than one vehicle with us.

Your agent wants you to get the most coverage for your money. He or she will guide you through every possible discount.

Teen Driver Questions

When does a teen driver get added to his/her parents' policy?

When does a teen driver get added to his/her parents' policy?

Although a new driver is not added to the family policy until he or she gets a driver's license, we encourage parents to call your agent when your teen receives his or her driver's permit. Then your agent can give you helpful tips for keeping your premium affordable and keeping your driver safe.

What will a teen driver do to a family's auto rates?

What will a teen driver do to a family's auto rates?

Obviously, adding another driver to a family policy will affect your rates, but there are ways to minimize the impact through discounts.

Are there discounts available for teen drivers?

Are there discounts are available for teen drivers?

Yes, definitely. You can take advantage of the good student discount, the 10% E-F-T payment discount, multi-line and multi-vehicle discounts and the safe driving program discounts, as well as others. Your agent will be able to pinpoint those which apply to you.

Where can I find information about teen driving and alcohol?

Where can I find information about teen driving and alcohol?

There are several sources of information available about alcohol, drugs and driving. We've pulled just a few.

  • Alcohol affects your brain and impairs your judgment, resulting in slowed reflexes, loss of coordination and distorted vision
  • A teenager whose Blood Alcohol Content (BAC) is between .05% and .10% is 36 times more likely to be involved in an accident than a sober teenager
  • 32% of all fatally injured teenage drivers were legally intoxicated
  • A person dies every 24 minutes from an alcohol-related auto accident
  • Someone is injured by a drink driver every two minutes
  • Approximately two in every five motorists will be involved in an alcohol-related accident

General Insurance Questions

What's the advantage of having all my insurance with one company?

What's the advantage of having all my insurance with one company?

You'll find many benefits when you work with one local insurance company...multi-line savings such as newer home and good student discounts, one easy-to-follow bill, local adjusters and a local agent who knows you and your insurance needs.

See the discounts available to our clients.

Homeowner's Insurance Questions

Why do you sometimes hear about fire victims that don't have the coverage to rebuild?

Why do you sometimes hear about fire victims that don't have the coverage to rebuild?

Some people buy a home and a homeowner's policy and never think of it again. The problem is, the home increases in value but the policy hasn't been updated. It's a problem that's easily avoided with a proactive insurance agent.

How often do I need to review my homeowners insurance?

How often do I need to review my homeowners insurance?

Most people purchase a policy when they buy a home, and rarely think of it again. The problem is, your home appreciates over time. The value also increases as you make improvements.

With that in mind, it's a good idea to review annually so you have the coverage you need if something happens to your home.

How do I determine my deductible?

How do I determine my deductible?

You have some choices to make here.

Higher deductible = lower premium

But you'll also need to come up with more money out of your own pocket should something happen to your home or its contents.

Lower deductible = higher monthly premium

But, if something happens to your home or belongings, you won't have much expense from your own pocket.

Your choice of deductible boils down to how much money you have at your fingertips at any given time—and how much of a risk you are willing to assume.

How much is enough?

How much is enough?

If you have a mortgage on you home, you will be required to have a certain amount of coverage. Beyond that, some things you may want to consider are:

  • The cost to replace your home if it was completely destroyed
  • Additional coverage for jewelry, electronics, or kept collectibles within your home
  • What would it cost to replace all the contents of your home? Do you have enough coverage to do so?
  • If someone were injured on your property or as a result of your negligence, do you have enough coverage to protect all your personal assets?

Are there discounts available?

Are there discounts available?

Yes. Discounts for homeowners include:

  • Multi-line discount
  • Age of dwelling/newer home discount
  • Protective device discount
  • Extended household discount
  • Mature homeowners' discount

Learn more about all the discounts available for Nodak Insurance Company customers.

Life Insurance Questions

As a stay-at-home parent, do I need life insurance?

As a stay-at-home parent, do I need life insurance?

No one could replace you, but the jobs you do at home—like childcare and home management—may need to be hired out in your absence. At a bare minimum, you want coverage for funeral expenses and financial obligations should the unexpected occur.

Agriculture-related Insurance Questions

How do I know I'm getting the best deal on my Farm & Ranch insurance?

How do I know I'm getting the best deal on my Farm & Ranch insurance?

Our Farm & Ranch policy is one that others try to emulate. If you look around, you may find coverage that appears similar, but in reality, no other policy offers the flexibility to get the exact protection you need without paying for extra coverage. Plus, we're the backed by the North Dakota Farm Bureau.

With my farm or ranch operation, do I have to sacrifice coverage for a competitive price?

With my farm or ranch operation, do I have to sacrifice coverage for a competitive price?

Not at all. Nodak Insurance Company has been a leader insuring Farm & Ranches in North Dakota for more than 60 years. Ask your neighbors—our Farm & Ranch policy is recognized as an industry leader providing quality protection at a competitive price.

Should I carry collapse coverage on my outbuildings?

Should I carry collapse coverage on my outbuildings?

The answer depends on several factors including, age and type of construction as well as the use of the building. Visit with your professional local Nodak Insurance Company agent to make the best decisions for your specific farm or ranch operation.

What types of discounts are available to Farm & Ranch customers?

Nodak Insurance Company offers Farm & Ranch clients, a variety of discounts, including:

  • Multi-line discount
  • Newer home discount
  • Protective device discounts
  • Longevity discount
  • Extended household discount

Get more information about Nodak Insurance Company discounts

Business Insurance Questions

My employee prefers his own tools on the job. Is that covered?

My employee prefers his own tools on the job. Is that covered?

Things like employee tools can be covered under a policy that's specifically for contractors.

Many of my tools "walked away" when an employee left.

Many of my tools "walked away" when an employee left.

Employee dishonesty can be devastating to your business. That's why we include it in all of our Business Owner Policies.

If a fire damages or destroys my business, how will I replace the loss of business income or operating expenses?

If a fire damages or destroys my business, how will I replace the loss of business income or operating expenses?

Damage or destruction to your business can cripple your operation and jeopardize your future. To protect your business and ensure its future, Nodak Insurance Company coverage provides for loss of business income and extra expenses, such as payroll, that might result from a fire.

Insurance Terminology

All-risk: Policy which covers all causes of loss except those specifically excluded.

Annuity: A contract in which you pay premiums and elect to receive a series of periodic payments in the future. In the meantime, the premiums you've paid can earn interest on an income tax-deferred basis.

APH: Actual production history. Protection against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects, and disease.

Assets: Property or items owned that could be converted into cash, including stocks, bonds and real estate, machinery, vehicles, savings accounts, etc.

At-fault Accident: An accident of which you were found to be the cause.

Replacement Cost: A settlement that replaces contents after a loss without any deduction for the age or condition of the property.

Deductible: The amount of loss paid by the policyholder. Either a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid. The bigger the deductible, the lower the premium charged for the same coverage.

Indemnity: Compensation for damage or loss sustained

Liability: Insurance for what the policyholder is legally obligated to pay because of bodily injury or property damage caused to another person.

Life Insurance: A contract in which you pay premiums for a specified level of protection and, in turn, at your death, the insurance company will pay the specified amount to the person/people you designate.

Negligence: The failure to exercise the degree of care that protects other persons or their interests.

Peril: A specific risk or cause of loss covered by an insurance policy, such as a fire, windstorm, or theft. A named-peril policy covers the policyholder only for the risks named in the policy in contrast to an all-risk policy, which covers all causes of loss except those specifically excluded.

Premium: A periodic payment on an insurance policy.

Risk: The chance of loss or the person or entity that is insured.