For teen girls, one of the big components that are looked at to determine auto insurance rates is your zip code in Minneapolis. Cities with larger populations or higher claim trends tend to pay more, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.
The following table lists the most expensive places in Minnesota for teenage females in which to buy car insurance. Minneapolis is ranked #1 having an annual price of $2,018 for the average insured, which is about $168 each month.
|15||Saint Louis Park||$1,702|
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Rate information is approximated as the specific Minneapolis residence address can modify coverage rates considerably.
The car, truck, or SUV you are trying to insure is a significant factor when comparison shopping for the lowest-priced coverage for teenage females. Vehicles with higher performance characteristics, poor safety ratings, or high incidents of liability claims will cost substantially more to insure than more modest models. The data below shows coverage premiums for the most cost-effective automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$5,371|
|Ford Escape XLT 4WD||$5,425|
|Jeep Wrangler Sahara 4WD 2-Dr||$6,036|
|Ford F-150 XLT Super Cab 2WD||$6,046|
|Toyota Tacoma 4WD||$6,036|
|Ford Focus SE 4-Dr Sedan||$6,320|
|Jeep Grand Cherokee Laredo 2WD||$6,375|
|Volkswagen Jetta S 4-Dr Sedan||$6,381|
|Chevrolet Impala LT||$6,375|
|Toyota RAV4 Limited 2WD||$6,384|
|Dodge Grand Caravan SXT||$6,427|
|Ford Explorer Eddie Bauer AWD||$6,435|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$6,427|
|Hyundai Elantra Blue 4-Dr Sedan||$6,660|
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Prices based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in your specific Minneapolis, MN location which can impact insurance rates noticeably.
Looking at the data, cars like the Honda CR-V, Ford Escape, and Toyota Prius will be a few of the cheaper vehicles to insure for teen girls. Car insurance rates will be higher anyway because there is more exposure for teenage females, but generally speaking those specific models will tend to have the cheapest rates available.
Figuring out which companies quote the most affordable insurance rates for teenage females involves more time in order to find the best price. Each auto insurance company uses a different method for determining rates in each state, so we’ll take a look at the insurance companies with the most affordable rates in Minneapolis.
It’s important to know that Minnesota insurance rates are based on many factors which can substantially change the cost of your policy. Simply having another birthday, buying a different home, or getting a driving violation may generate price changes that can make some companies cheaper than others.
Find Cheaper Car Insurance for Teens
Travelers has some of the most affordable car insurance rates in Minneapolis at around $667 a year. This is $754 less than the average policy premium paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and West Bend Mutual also qualify as some of the most economical Minneapolis, MN car insurance companies.
As shown above, if you have coverage with Farm Bureau Mutual and switched to Travelers, you might achieve annual savings of in the neighborhood of $170. Drivers with Western National may save as much as $270 a year, and West Bend Mutual policyholders might lower prices by $276 a year.
To get a fast rate comparison, click here to start a quote or visit any of the low-priced companies below.
Understand that those prices are averaged across all ages of drivers and types of vehicles and and are not figured with a vehicle location for teenage females. So the auto insurance company that fits your age and vehicle best may not even be in the top 24 companies shown above. That emphasizes why you need to quote rates from many companies using your own individual information.
Bad driving habits will cost you more
The best way to snag the best insurance prices in Minneapolis for teen girls is to drive safe and avoid getting tickets or having accidents. The diagram below demonstrates how citations and at-fault collisions can affect yearly insurance costs for each different age group. The information is based on a single female driver, full coverage, $500 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of a car insurance policy in Minneapolis per year with no accidents and a clean driving record is $1,931. Receive two speeding tickets and the average cost surges to $2,583, an increase of $652 each year. Now add in two accidents along with the two speeding tickets and the 12-month cost of insurance for teenage females jumps again to an average of $5,116. That’s an increase of $3,185, or $265 per month, just for a couple of infractions!
Insuring your vehicle with the right car insurance company can be a challenge considering how many companies there are to choose from in Minnesota. The company information shown next could help you analyze which coverage providers you want to consider when trying to find cheaper insurance for teenage females. These ratings are only made up of companies that write coverage in many states, so smaller companies are not taken into consideration for these rankings.
Top 10 Large Auto Insurance Providers in Minneapolis Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
Top 10 Large Auto Insurance Providers in Minneapolis Ranked by Value
- AAA Insurance
- Liberty Mutual
- State Farm
- Safeco Insurance
- 21st Century
Low rates today, overpriced tomorrow
Minneapolis, MN insurance rates are impacted by many factors that will increase or decrease the cost of having a policy. Simply turning a year older, buying a home instead of renting, or getting a ticket for careless driving may cause policy rate changes resulting in some rates now being cheaper than competitors.
In addition to those changes, auto insurance companies amend premium rates at least once a year in order to offset underwriting gains or losses. Significantly higher claims can cause rate hikes, while a lower level of claims can produce lower-cost Minneapolis car insurance rates.
The data below shows a variety of companies that have the cheapest car insurance in Minneapolis, MN for a 40-year-old male driver with a good driving record, no prior claims, and great credit. If we estimate prices based on his current risk profile, Travelers may have the best car insurance rates in Minneapolis at $886 per year. This is $535 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and West Bend Mutual also make the list of the cheapest Minneapolis, MN auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example a claim, bad credit, and a stop sign violation. Due to the fact that every insurance company uses a different method for determining prices, getting updated rate quotes may now result in a different list of the cheapest car insurance companies in Minneapolis as shown below.
USAA now has the cheapest price in Minneapolis, MN with Allied, Travelers, Farm Bureau Mutual, and State Farm also being competitive. This illustrates why consumers need to take the time to shop around to find cheap auto insurance rates for teenage females.
Insurance rates can be determined by many things and change dramatically, so the most economical company two years ago may now be an over-priced policy.
If you wish to get some professional input when trying to find lower insurance rates for teenage females, the agents listed below are willing to answer your questions and help you decide which car insurance policy is best.
To locate a Minneapolis car insurance agency by location nearest to you, click the button after the list or click here to compare price quotes.
Farmers Insurance – Natalie Fox
210 N 2nd St #70 – Minneapolis, MN 55401 – (612) 208-0276
2214 Central Ave NE – Minneapolis, MN 55418 – (612) 789-7231
Farmers Insurance – Mark Hansen
6001 Portland Ave – Minneapolis, MN 55417 – (612) 869-7760
Mary Trondson – State Farm Insurance Agent
1215 Lagoon Ave – Minneapolis, MN 55408 – (612) 823-4111
American Family Insurance – Patrick Fagerlee Agency Inc
3910 Central Ave NE – Minneapolis, MN 55421 – (763) 789-6201
Tips for finding economical car insurance for teenage females
The list below summarizes some of the better money-saving ideas that can help drivers buy cheaper car insurance.
- At-fault accidents will increase rates
- Safer vehicles cost less to insure
- Raise deductibles to save money
- Avoid getting tickets or violations
- Improve your credit score
- Save money by only buying liability coverage for older vehicles
- Compare prices frequently to find the best deal
The last idea is highly crucial, as was noted in this write-up. Car insurance prices in Minneapolis can be changed at any time, so drivers shouldn’t be reluctant to change insurance companies if a cheaper rate is available. Sticking with a specific company is fine, but it isn’t a good idea if it’s costing you thousands of dollars over the life of your policy. In just a couple of minutes you could compare prices and find cheaper auto insurance for teenage females.