Trying to buy cheap auto insurance is not easy, and figuring out which company has the best auto insurance rates for postal workers takes even more work. Every auto insurer uses a little different formula for setting prices, so to begin we’ll rank the auto insurance companies with the most affordable rates in Minneapolis, MN.
Compare Cheap Insurance Quotes for USPS Employees
|Rank||Company||Cost Per Year|
|3||Farm Bureau Mutual||$829|
|5||West Bend Mutual||$943|
|13||Auto Club Group||$1,339|
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Travelers normally has some of the lowest car insurance rates in Minneapolis at around $647 a year. USAA, Farm Bureau Mutual, Western National, and West Bend Mutual also qualify as some of the cheaper Minneapolis, MN car insurance companies.
In the above example, if you are insured with West Bend Mutual and switched to USAA, you might achieve savings of approximately $136. Policyholders with The Hartford might save as much as $157 a year, and Allied policyholders might reduce rates by $367 a year.
Bear in mind that those rates are averages for all insureds and vehicles and do not factor in an exact vehicle garaging location for postal workers. So the insurer that fits you best may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.
For postal employees, one of the largest considerations that determine the amount you pay for auto insurance is where you keep your car in Minneapolis. Regions with more people or even just more weather-related claims tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents benefit from lower prices.
The next table ranks the most costly cities in Minnesota for postal workers to purchase car insurance in. Minneapolis is ranked #1 with an annual cost of $2,079 for the average policy, which is about $173 each month.
|13||Saint Louis Park||$1,720|
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Annual rates are comparative as the specific Minneapolis residence address can increase or decrease premium rates considerably.
The make and model of vehicle to be insured is probably the biggest factor that determines whether or not you find economical car insurance for postal workers. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost more to insure than more modest models.
The table below illustrates auto insurance rates for a selection of the cheapest automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,395|
|Dodge Grand Caravan CV||$1,567|
|Ford F-150 STX Super Cab 4WD||$1,599|
|Honda Accord LX 4-Dr Sedan||$1,605|
|Honda CR-V EX 2WD||$1,612|
|Ford Focus S 4-Dr Sedan||$1,621|
|Volkswagen Jetta 2.0T Station Wagon||$1,632|
|Chevrolet Malibu LS||$1,653|
|GMC Sierra SLE Crew Cab 2WD||$1,663|
|Ford Edge SE 2WD||$1,760|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,803|
|Dodge Ram 3500 Crew Cab ST 2WD||$1,836|
|Ford F-350 Super Cab Lariat 2WD||$1,844|
|Honda Odyssey EX||$1,860|
|Hyundai Elantra SE Touring Station Wagon||$1,862|
|Nissan Altima 2.5 S 2-Dr Coupe||$1,892|
|Toyota Tacoma Double Cab 4WD||$1,895|
|Ford Explorer Eddie Bauer 2WD||$1,924|
|Chevrolet Equinox LTZ AWD||$2,029|
|Toyota RAV4 2WD||$2,031|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,045|
|Chevrolet Impala LTZ||$2,139|
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Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Table data does not factor in specific garaging location which can affect premiums significantly.
Looking at the rates, you can figure that cars like the Ford Escape, Dodge Grand Caravan, and Ford F-150 are most likely going to be a few of the cheapest vehicles to insure for postal employees.
Types of discounts on Minneapolis auto insurance
Insurers that provide policies for postal workers may also offer policy discounts that could potentially reduce rates by as much as 40% or more if you are eligible for them. A list of auto insurance companies and a partial list of their discounts include:
- State Farm offers premium reductions for defensive driving training, safe vehicle, accident-free, good driver, passive restraint, and multiple policy.
- Progressive offers discounts for multi-policy, good student, online quote discount, multi-vehicle, homeowner, continuous coverage, and online signing.
- Progressive may have discounts that include good student, online signing, homeowner, multi-vehicle, continuous coverage, and online quote discount.
- MetLife may offer discounts for good driver, claim-free, multi-policy, good student, accident-free, and defensive driver.
- Farm Bureau may include discounts for multi-policy, multi-vehicle, good student, renewal discount, safe driver, youthful driver, and 55 and retired.
- GEICO discounts include seat belt use, multi-vehicle, air bags, military active duty, anti-theft, and daytime running lights.
- SAFECO offers discounts including anti-theft, teen safety rewards, drive less, homeowner, teen safe driver, accident prevention training, and multi-car.
The diagram below compares premium costs with and without discounts applied. The information is based on a female driver, no claims or driving violations, Minnesota state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with claim-free, multiple vehicle, passive restraint, anti-theft, marriage, and multiple policy discounts applied. When discounts are factored in, theamount saved on auto insurance for postal workers is 28% or $481.
Finding the top insurance company is hard considering how many different companies sell coverage in Minneapolis. The ranking data shown below may help you choose which providers you want to consider when buying insurance for postal workers.
These rankings include large, nationwide insurance companies, so companies that have a smaller presence will not be included in this list. To compare prices from these top insurers and more, just click here.
Top 10 Major Auto Insurers in Minneapolis Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- The General
Top 10 Major Auto Insurers in Minneapolis Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Liberty Mutual
- The Hartford
- Farmers Insurance
Rate difference between full and liability-only coverage
Finding cheaper auto insurance is important to the majority of drivers, and one common way to pay lower rates for insurance for postal workers is to not insure for full coverage. The chart below visualizes the comparison of insurance prices with and without physical damage coverage. The information is based on no tickets, no at-fault accidents, $250 deductibles, single marital status, and no policy discounts are applied.
If averaged for all ages, full coverage on your policy costs $1,670 per year over liability only. At some point, almost every driver questions when is the right time to remove full coverage. There is no exact rule for phasing out full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
There are some conditions where removing full coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Why you should compare rates
Minneapolis auto insurance rates are calculated based on many things that control the policy premium. Simply improving your credit, having a claim, or having an at-fault accident can produce rate changes resulting in some companies being more affordable than others. Additionally, car insurance companies file new Minnesota auto insurance rates at least once a year to help ensure profitability. Unexpectedly high claims may cause higher priced premiums, while a better loss history can produce more affordable Minneapolis car insurance rates.
The data below compares the cheapest car insurance in Minneapolis, MN for a 45-year-old female driver with no prior accidents, a clean driving record, and good credit. If we compare prices based on her personal profile, Travelers quotes the most affordable car insurance rates in Minneapolis at $869 each year. This is $552 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and West Bend Mutual are the remaining best Minneapolis, MN auto insurance companies.
Now we will pretend the driver from the first set of rates a couple of claims, poor credit, and an imperfect driving record. Because each insurer uses their own calculation to establish rates, analyzing rates may result in a new list of affordable companies as shown below.
USAA now has the best price in Minneapolis, MN with Farm Bureau Mutual, Allied, Travelers, and California Casualty also having competitive pricing. This example shows why consumers need to perform an extensive rate comparison to get the most economical auto insurance rates for postal workers.
Auto insurance prices are calculated by many things and change frequently, so the best price the last time you checked may now be costing you a lot of money.