Who Has Affordable Auto Insurance Rates for 16 Year Olds in Minneapolis?

The words “low-priced” and “auto insurance” probably shouldn’t be used together, in particular when trying to find the best price on coverage for 16 year olds. Because it’s so expensive, let’s start the ball rolling by going over some things that determine car insurance prices, and find out if we can help you take a little off your next policy.

One of the many criteria that are looked at to help calculate the amount you pay each year for auto insurance is your address in Minneapolis. Areas with increased crime or more people tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents receive better rates.

The next table lists the most expensive places in Minnesota for 16 year olds to buy auto insurance in. Minneapolis ranks #3 costing $1,997 on average, which is approximately $166 per month.

Car insurance prices in Minneapolis
Rank City Average Per Year
1 Maplewood $2,066
2 Saint Paul $2,049
3 Minneapolis $1,997
4 Brooklyn Park $1,798
5 Coon Rapids $1,792
6 Edina $1,777
7 Saint Louis Park $1,772
8 Richfield $1,760
9 Bloomington $1,739
10 Blaine $1,731
11 Duluth $1,724
12 Shakopee $1,710
13 Saint Cloud $1,702
14 Woodbury $1,680
15 Eagan $1,678
16 Burnsville $1,675
17 Maple Grove $1,673
18 Eden Prairie $1,672
19 Minnetonka $1,672
20 Plymouth $1,663
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Rates are comparative as vehicle location can modify premiums greatly.

The vehicle model you are trying to insure is one of the primary factors when comparing quotes for the most economical coverage for 16 year olds. Vehicles with high performance, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models. The next list presents car insurance prices for a handful of the most affordable automobiles to insure in Minnesota.

Cheapest Vehicles to Insure in Minneapolis, MN
Make and Model Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $5,786
Hyundai Elantra GLS Touring Station Wagon $5,795
Ford Escape XLT 2WD $5,786
Honda CR-V EX-L 4WD $5,840
Toyota Prius $6,243
Jeep Wrangler Sport Islander Package 4WD 2-Dr $6,457
Ford F-150 XLT Regular Cab 2WD $6,465
Toyota Tacoma 4WD $6,511
Honda Odyssey EX $6,807
Ford Focus SE 4-Dr Sedan $6,817
Toyota RAV4 2WD $6,862
Jeep Grand Cherokee Laredo 4WD $6,872
Chevrolet Malibu LS $6,862
Ford Explorer Limited 2WD $6,914
Dodge Grand Caravan SXT $6,919
Chevrolet Impala LTZ $7,215
Toyota Camry SE $7,223
Ford Edge Limited AWD $7,215
Toyota Corolla S $7,223
GMC Sierra SLE Extended Cab 4WD $7,267
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Prices based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific location which can affect insurance rates significantly.

Looking at the rates, we can assume that cars like the Honda Accord, Hyundai Elantra, Ford Escape, Honda CR-V, and Toyota Prius will definitely be some of the most affordable vehicles to insure for new drivers. Prices will be more expensive just due to the fact that there is more exposure for 16 year olds, but in general those vehicles will tend to have the best rates possible.

Impact of citations and accidents on Minneapolis insurance rates

The easiest way to score the best auto insurance rates in Minneapolis for new drivers is to be a cautious driver and avoid accidents and traffic citations. The information below shows how traffic citations and at-fault collisions impact auto insurance rates for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of car insurance in Minnesota per year with no accidents and a clean driving record is $2,118. Receive one speeding ticket and the average cost hikes up to $2,430, an increase of $313 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of auto insurance for 16 year olds goes up to an average of $3,319. That’s an increase of $1,202, or $100 per month, just for being a less-than-perfect driver!

Get discount Minneapolis insurance rates

Auto insurance for new drivers in Minneapolis, MNCar insurance companies that offer quotes for 16 year olds may have discounts that could reduce prices by as much as 30% if you are eligible to receive them. Larger auto insurance companies and their possible discounts are included below.

The illustration below illustrates the comparison of car insurance costs with and without policy discounts. The price estimates are based on a male driver, no claims or driving citations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, continuous coverage, good student, paperless filing, anti-theft, and passive restraint discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for 16 year olds is 28% or $659.

Which auto insurance company is best in Minneapolis?

Buying coverage from a high-quality insurance provider can be a challenge considering how many companies there are to choose from in Minneapolis. The rank data shown below may help you select which companies you want to consider when shopping your coverage around. The ratings below only include large insurance companies, so companies without a large exposure are not taken into consideration for this list.

Top Auto Insurance Companies for 16 Year Olds in Minneapolis, MN
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Insure.com Best Car Insurance Companies

If you aren’t sure which coverage to buy and prefer to get some help when trying to find the best insurance rates for 16 year olds, the insurance agencies below can help you make a decision which car insurance company is the best fit. To find an auto insurance agency in your neighborhood, click the button at the bottom of the list.

Higgins Insurance
2214 Central Ave NEMinneapolis, MN 55418(612) 789-7231

Insurance Advantage Agency LLC
7600 Parklawn Ave #350Minneapolis, MN 55435(952) 746-5770

RC4 Insurance Agency, LLC
7220 Metro Blvd #150Minneapolis, MN 55439(952) 896-9542

True Insurance Agency and Financial Services – Minneapolis Home and Auto Insurance
4708 Excelsior BlvdSt Louis Park, MN 55416(952) 388-2006

Find a Minneapolis, MN insurance agent near you

How to find the cheapest insurance for 16 year olds

The list below summarizes a few money-saving suggestions that can help you quote cheap car insurance.

That last tip is especially necessary, as we discussed in the article above. Prices charged by companies vary greatly, so don’t hesitate to change to a new company if you can save money.

Having brand loyalty is commendable, but it’s not a great idea if that loyalty results in overpaying a wad of cash every year. Take a couple minutes and compare prices to find cheaper insurance for 16 year olds in Minneapolis.