Things would sure be easy if we could just give you the name of the one best car insurance company that is cheapest in Minnesota. Unfortunately, it’s not that simple as there are many unknown elements like the crime level of your neighborhood, if you have maintained coverage continuously, if you are a homeowner, and the deductible level you need. This article will cover the different ways to avoid overpaying and will hopefully give the reader a jump start in finding the best auto insurance.
The type of vehicle you are insuring is one of the main factors when shopping for the most economical coverage for nurses. Vehicles with lots of horsepower, a lack of modern safety features, or a history of substantial liability claims will cost much more to insure than more modest models. The list below presents insurance costs for a selection of the cheaper vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,396|
|Honda CR-V LX 4WD||$1,401|
|Dodge Grand Caravan SE||$1,435|
|Ford F-150 XL Super Cab 4WD||$1,444|
|Chevrolet Malibu LS||$1,515|
|Chevrolet Impala LT||$1,522|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,529|
|Honda Civic LX-S 4-Dr Sedan||$1,562|
|Chevrolet Equinox LTZ AWD||$1,623|
|Jeep Grand Cherokee Limited 2WD||$1,631|
|Ford Fusion Sport 4-Dr Sedan||$1,623|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,653|
|Ford Focus S 4-Dr Sedan||$1,656|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,686|
|Toyota RAV4 2WD||$1,695|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$1,703|
|Honda Accord EX-L 2-Dr Coupe||$1,733|
|Ford Explorer Limited 4WD||$1,743|
|Toyota Camry SE||$1,736|
|Compare Cheap Rates Go|
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Information does not factor in zip code location which can influence coverage prices noticeably.
By looking at the data, we can conclude that models like the Ford Escape, Honda CR-V, and Dodge Grand Caravan are likely to be the less-costly vehicles to insure for health professionals.
One of the many criteria that help determine car insurance rates is where you normally keep your vehicle. Areas with increased crime or more people are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims profit from lower rates.
The information below ranks the most costly cities in Minnesota for nurses to buy an auto insurance policy in. Minneapolis makes the list at #3 with an annual rate of $2,018 on average, which is about $168 each month.
|Rank||City||Premium Per Year|
|12||Saint Louis Park||$1,720|
|Find the Best Rates Go|
Premium costs are comparative as specific Minneapolis zip code can influence premium rates substantially.
Insuring your vehicle with the best insurance provider can be difficult considering how many different companies there are to choose from in Minneapolis. The rank data shown next can help you analyze which companies you want to consider when trying to find cheaper insurance for nurses.
These rankings are only made up of the largest auto insurers in America, so companies that only write business in Minnesota or surrounding areas are not included in these rankings. If you’d like to compare prices and find the cheapest rates for nurses, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
The example below demonstrates how choosing different deductibles can affect insurance rates when getting quotes for cheap insurance for nurses. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could save $396 a year by switching from a $100 deductible up to a $500 deductible, or save $596 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could shave up to $1,176 each year by choosing larger deductibles on their policy.
When raising deductibles, it is important to have enough savings set aside to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Irresponsible driving raises your rates
One of the best ways to get the most affordable car insurance prices in Minnesota for health professionals is to be a careful driver and have a clean driving record. The chart below highlights how speeding tickets and at-fault fender-benders can influence insurance prices for different age groups. Data assumes a single female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of a car insurance policy in Minneapolis per year with a clean driving record and no accidents is $1,426. Receive two speeding tickets and the average cost rises to $1,906, an increase of $479 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance for nurses jumps again to an average of $3,776. That’s an increase of $2,350, or $196 per month, just for not being a responsible driver!
Here’s why you should compare rates often
Minneapolis, MN car insurance rates are impacted by many factors which can significantly increase or decrease the cost of coverage. Improving your credit score, marrying your spouse, or getting caught speeding may prompt premium changes that can cause some rates to be cheaper than competitors. Additionally, auto insurance companies modify pricing every year to ensure their profitability. An unexpected high level of claims can result in high rates, while long-term profits may produce cheaper Minneapolis car insurance rates.
For example, the graph below shows which company has the cheapest car insurance in Minneapolis, MN for a 45-year-old female driver with a good driving record, no prior claims, and good credit. When comparing rates based on her personal risk profile, Travelers might quote the best car insurance rates in Minneapolis at $913 each year. This is $508 less than the average rate paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, Western National, and West Bend Mutual round out the rest of the top five cheapest Minneapolis, MN auto insurance companies.
In this example, we will give the driver from the first set of rates an at-fault accident, a lower credit score, and a few blemishes on her driving record. Since every car insurance company uses their own calculation to set their prices, analyzing rate quotes could now result in a substantially altered list of affordable companies as shown below.
Farm Bureau Mutual now has the cheapest car insurance in Minneapolis, MN with Allied, USAA, State Farm, and American Family now being in the top five. This example demonstrates why drivers need to compare as many rates as possible when trying to get the cheapest auto insurance quotes for nurses. Insurance rates are made up of many things and can change without notice, so the most affordable company the last time you compared rates may now be costing you a lot of money.
The Minneapolis car insurance agencies listed below can help you determine which coverages and limits you need, as some people prefer to get some professional input when buying car insurance for nurses. It can be hard to find the best policy on your own, and getting professional guidance from a licensed agent can add satisfaction knowing you have sufficient protection if you have a claim. To find a Minneapolis insurance agency close to where you live, click the button following the list.
Allstate Insurance: Charles Fritz
2213 Johnson St NE – Minneapolis, MN 55418 – (612) 788-6279
Kim Nybo – State Farm Insurance Agent
2724 University Ave SE – Minneapolis, MN 55414 – (612) 767-7775
True Insurance Agency and Financial Services – Minneapolis Home and Auto Insurance
4708 Excelsior Blvd – St Louis Park, MN 55416 – (952) 388-2006
John Arens – State Farm Insurance Agent
3259 Johnson St NE – Minneapolis, MN 55418 – (612) 781-3454