A recent auto insurance study revealed that a large majority of drivers kept their coverage with the same auto insurance company for over three years, and almost half have never even compared rates from other companies. Minneapolis drivers can save hundreds of dollars each year just by shopping around, but they don’t know the amount of money they would save if they changed companies.
Truthfully, the best way to find better pricing on car insurance rates is to regularly compare price quotes from different companies who sell auto insurance in Minneapolis.
- Read about what is in your policy and the steps you can take to prevent expensive coverage. Many rating criteria that result in higher rates such as high-risk driving behaviors and a not-so-good credit rating can be remedied by making minor driving habit or lifestyle changes.
- Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can provide prices from multiple insurance companies.
- Compare the new rate quotes to your current policy premium and determine if cheaper TTS coverage is available in Minneapolis. If you find a lower rate and change companies, verify that coverage does not lapse between policies.
- Tell your current company to cancel the current policy and submit the completed application along with a down payment for your new policy. Once received, place your new proof of insurance certificate in your vehicle.
The critical component of shopping around is that you use the same physical damage deductibles and liability limits on every quote and and to get price quotes from as many companies as possible. This guarantees a fair price comparison and a complete price analysis.
Locating the most cost-effective car insurance policy in Minneapolis is much easier if you know where to start. In a nutshell, every vehicle owner who is looking for cheaper car insurance stands a good chance to find a lower-cost policy. But Minnesota drivers must understand the methods companies use to market on the web and use it to find better rates.
Earn discounts on Minneapolis car insurance
Car insurance companies don’t list the complete list of policy discounts in an easy-to-find place, so we break down both the well known in addition to some of the lesser obvious discounts that may be available.
- Safety Course Discount – Participating in a defensive driving course may get you a small discount if your company offers it.
- Military Rewards – Having an actively deployed family member can result in better prices.
- Save with More Vehicles Insured – Drivers who insure multiple cars on the same car insurance policy can reduce rates for all insured vehicles.
- Seat Belts Save more than Lives – Forcing all vehicle occupants to buckle up before driving could save 15% on the medical payments or PIP coverage costs.
- Discount for Good Grades – A discount for being a good student may save as much as 25% on a Minneapolis auto insurance quote. This discount can apply until age 25.
While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to specific coverage prices like medical payments or collision. Despite the fact that it seems like all those discounts means the company will pay you, that’s just not realistic.
Some companies that may offer policyholders some of the above discounts possibly include:
If you need lower rates, check with every insurance company how you can save money. A few discounts might not be offered in every state. To locate providers that offer many of these discounts in Minneapolis, click here.
What car insurance coverages do you need?
Learning about specific coverages of car insurance can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.
UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your Audi TTS.
Since many Minnesota drivers carry very low liability coverage limits (30/60/10 in Minnesota), their limits can quickly be used up. So UM/UIM coverage is a good idea.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like doctor visits, prosthetic devices, funeral costs and hospital visits. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Collision – This coverage covers damage to your TTS from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims such as colliding with another moving vehicle, hitting a mailbox, scraping a guard rail, crashing into a building and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible on your TTS to get cheaper collision coverage.
Comprehensive or Other Than Collision – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like hitting a deer, fire damage, rock chips in glass and hail damage. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Liability coverages – This coverage protects you from injuries or damage you cause to other people or property by causing an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 30/60/10 that means you have a limit of $30,000 per injured person, $60,000 for the entire accident, and a limit of $10,000 paid for damaged property.
Liability coverage pays for claims such as loss of income, repair costs for stationary objects and emergency aid. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford. Minnesota requires minimum liability limits of 30/60/10 but you should consider buying more liability than the minimum.
The chart below shows why the minimum limit may not be adequate.
Final considerations
Some companies don’t offer rates over the internet and usually these regional insurance providers work with independent agents. Budget-friendly insurance in Minneapolis can be purchased both online and with local Minneapolis insurance agents, so compare prices from both to have the best chance of lowering rates.
People who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, poor customer service, being labeled a high risk driver and policy cancellation. Whatever your reason, choosing a new company is easier than you think.
We just covered a lot of techniques to lower your Audi TTS insurance rates in Minneapolis. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even discover the biggest savings come from the smaller companies.
More information can be found below:
- Think You’re a Safe Driver? (State Farm)
- Who Has Cheap Auto Insurance Quotes for Government Employees in Minneapolis? (FAQ)
- How Much is Auto Insurance for Drivers Under 25 in Minneapolis? (FAQ)
- What Car Insurance is Cheapest for 18 Year Olds in Minneapolis? (FAQ)
- Who Has the Cheapest Minneapolis Car Insurance Quotes for Uninsured Drivers? (FAQ)
- Who Has the Cheapest Minneapolis Auto Insurance Rates for a GMC Acadia? (FAQ)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Medical Payments Coverage (Liberty Mutual)
- Tread Depth and Tire Safety (State Farm)
- How to shop for a safer car (Insurance Institute for Highway Safety)