What Car Insurance is Cheapest for Teenage Males in Minneapolis?

For teen boys, one of the largest considerations that help determine insurance cost is where you live. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas more rural areas have the gratification of cheaper auto insurance rates.

The next table sorts the most costly cities in Minnesota for teenage males to buy an auto insurance policy in. Minneapolis is ranked #1 with the yearly price of $2,079 for the average insurance policy, which is around $173 each month.

How much does auto insurance cost in Minneapolis?
Rank City Annual Rate
1 Minneapolis $2,079
2 Saint Paul $2,070
3 Maplewood $2,005
4 Coon Rapids $1,809
5 Bloomington $1,792
6 Duluth $1,777
7 Edina $1,777
8 Saint Louis Park $1,772
9 Blaine $1,748
10 Brooklyn Park $1,744
11 Richfield $1,742
12 Burnsville $1,726
13 Eagan $1,712
14 Minnetonka $1,706
15 Lakeville $1,700
16 Shakopee $1,693
17 Maple Grove $1,690
18 Saint Cloud $1,686
19 Woodbury $1,680
20 Eden Prairie $1,672
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Price information shown is approximated as the vehicle garaging location can change coverage rates considerably.

Finding out which company quotes the lowest-priced car insurance rates for teenage males will take more work than just picking a company at random.

Each insurance company has a unique formula for establishing rates, so let’s examine the car insurance companies with the overall cheapest rates in Minneapolis.

Lowest Insurance Price Quotes for Teens

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Rankings for the cheapest car insurance companies in Minnesota
Rank Company Cost Per Year
1 Travelers $641
2 USAA $823
3 Farm Bureau Mutual $837
4 The Hartford $936
5 Western National $937
6 West Bend Mutual $943
7 Allied $1,174
8 California Casualty $1,214
9 American Family $1,242
10 State Farm $1,263
11 Auto-Owners $1,295
12 General Casualty $1,313
13 Auto Club Group $1,393
14 North Star $1,404
15 Progressive $1,405
16 Farmers $1,407
17 Nationwide $1,420
18 Allstate $1,467
19 Country $1,470
20 MetLife $1,581
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Travelers may offer some of the most affordable car insurance rates in Minneapolis at around $641 per year. USAA, Farm Bureau Mutual, The Hartford, and Western National would also be considered some of the more affordable Minneapolis, MN car insurance companies.

As shown in the rates above, if you have coverage with Farm Bureau Mutual and switched to Travelers, you might achieve an annual premium reduction of in the neighborhood of $196. Drivers with The Hartford could save as much as $295 a year, and Western National policyholders might reduce prices by as much as $296 a year.

To get a quick, customized rate comparison, click here or feel free to get quotes from the companies below.

It’s important to note that these premiums are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a specific vehicle garaging location for teenage males. So the insurer that fits you best may not even be in the top 24 companies shown above. That point stresses why you need to get rate quotes from many companies using your own driver information and specific vehicle type.

Buying coverage from the best insurance company is hard considering how many choices there are in Minneapolis. The company information in the lists below may help you pick which providers to look at when shopping around.

The rankings below are only made up of the largest companies in the United States, so smaller companies that only insure vehicles in Minnesota are not factored into this list. To check rates from these and other companies in Minnesota, click this link.

Top Car Insurance Companies for Teenage Males in Minnesota
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

The example below illustrates how your choice of deductibles can influence insurance costs when searching for cheap insurance for teenage males. The costs are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.

The chart above illustrates that a 40-year-old driver could pocket $364 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $546 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could roll back prices $1,202 each year just by using higher deductibles.

If you do make the decision to raise your deductibles, it will be important to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to find economical car insurance for teenage males

It is possible to find better rates, and here are some of the recommended money-saving suggestions that can help Minnesota drivers get lower-cost car insurance.

The last tip in the list is extremely important, as we pointed out in the prior article. Rates vary considerably, so don’t hesitate to change to a new company if you can save money. Staying with the same company for years is fine, but we do not recommend it if that dedication is costing major coinage every year. It only takes a couple minutes to compare rates and find cheaper car insurance for teenage males in Minneapolis.

The insurance agencies listed below can help you decide which auto insurance coverages would be the best in your situation, since some drivers have questions and prefer to have some advice when shopping for cheaper insurance for teenage males. It can be difficult to find the cheapest rate yourself, and getting advice from a licensed agent can bring peace of mind knowing your policy gives you adequate coverage if you have an accident or claim.

To locate an agency using an interactive map, click the button below the list or click here to compare prices now.

View map of Minneapolis, MN insurance agents