Home Insurance in Minot, ND
Find high-quality home insurance in Minot, ND, with the tools at VIU by HUB.
Minot is a growing city. The population increased by almost 7,000 between 2010 and 2022. With air travel access via Minot International Airport, education opportunities at Minot State University and attractions such as the Roosevelt Park Zoo, the city has much to offer new and established residents.
The median home value for Minot residents is $217,500, lower than the national average of $244,900. However, the median household income is only about $500 less than the national average. These figures mean it may be possible for more Minot residents to afford a home. If you're a homeowner, home insurance is an essential way to protect your biggest investment. VIU by HUB has the tools you need to compare insurers. You can assess rates and policy options and find the coverage that suits your lifestyle.
While property crime spiked in Minot in 2015, the rate is decreasing. Property crimes happen at an average of 2,042 per 100,000 residents, which is below the national average. Still, any home has a risk of property crime, which includes burglary and vandalism.
Most North Dakota residents are familiar with winter weather. It can pose hazards to homeowners, especially when it's severe. Minot gets about 46 inches of snow annually, much higher than the country's average of 28 inches. Northern states are susceptible to blizzards that bring high winds and heavy snowfall with them, putting your home at risk for roof damage, ice dams and floods from melting snow.
Ice storms can weigh down power lines and tree limbs, causing them to break and fall. Homeowners can face roof damage or extended power outages that cause pipes to freeze. Ice and snow on sidewalks and driveways can cause people to slip and fall.
Summer weather can cause hazards, too. Storms bring risks for lightning, hail, high winds, heavy rain and the occasional tornado. All of these events can damage your house, fence, deck and other structures.
Fortunately, home insurance in Minot, ND, can cover many of the risks that homeowners face.
A standard home insurance policy covers:
You can also add coverage for high-priced belongings, identity theft protection and more. Flood and earthquake insurance are separate policies; a standard policy does not cover them.
North Dakota law does not require homeowners to have a policy. However, your lender may require it if you have a mortgage.
Your policy covers perils such as:
A standard policy does not cover damage from neglect or wear and tear.
The average Minot home insurance policy costs $1,975 annually. about the same as the North Dakota average. Home insurance is more expensive in some cities. Factors that affect rates from place to place include crime rate statistics and weather risks. The cost of living is a significant factor; the more it costs to build and replace a home, the higher the premiums.
When shopping for home insurance in Minot, ND, VIU by HUB provides an excellent way to compare policies. You can view rates from multiple insurers and determine which policy fits your budget and lifestyle. Protect your home and enjoy the peace of mind a high-quality insurance policy provides.
