What Insurance is Cheapest for Single Moms in Minneapolis?

The vehicle you are insuring is a large consideration when shopping for low-priced coverage for single moms. Vehicles with higher performance characteristics, poor crash test ratings, or a high likelihood of having liability claims will cost substantially more to insure than more modest models.

The table below presents insurance costs for a number of the most budget-friendly vehicles to insure.

Cheapest Vehicles to Insure in Minneapolis, MN
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $1,455
Honda Accord LX-P 4-Dr Sedan $1,631
Chevrolet Equinox LS 2WD $1,688
Ford Explorer Eddie Bauer 4WD $1,721
Toyota Tacoma Double Cab 4WD $1,728
Honda Civic LX-S 4-Dr Sedan $1,742
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,748
Honda Odyssey LX $1,791
GMC Sierra 3500HD SLE Regular Cab 2WD $1,840
Ford Edge SEL AWD $1,894
Ford Escape Limited 4WD $1,899
Toyota Camry Hybrid $1,929
Toyota Camry Hybrid $1,934
Kia Optima EX $1,929
Toyota RAV4 Limited 4WD $1,932
Toyota Prius $1,940
Hyundai Elantra Blue 4-Dr Sedan $1,994
Chevrolet Impala LTZ $2,032
Jeep Grand Cherokee Limited 4WD $2,067
Volkswagen Jetta 2.0T 4-Dr Sedan $2,076
Compare Rates Now Go

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in Minneapolis, MN location which can impact coverage rates significantly.

By looking at the data, vehicles like the Honda CR-V, Honda Accord, and Chevrolet Equinox are a few of the less-costly vehicles to insure for single parents.

Finding dependable, low-priced insurance is easier said than done, and finding out which companies offer the cheapest auto insurance rates for single moms will take even more diligence.

Every insurance provider uses their own method to establish rates, so let’s rank the auto insurance companies that tend to have lower prices in Minnesota. It’s important that readers know that Minneapolis, MN auto insurance rates are based on many factors that may substantially change the price you have to pay for coverage. That is why Minnesota drivers need to shop around when trying to find cheap car insurance rates for single moms. Insurance prices can be determined by many risk factors and change dramatically, so the most affordable company the last time you compared rates may now be an over-priced policy.

Cheapest Insurance Rates for Single Moms

Compare Rates and Save

What’s the cheapest car insurance in Minnesota?
Rank Company Cost Per Year
1 Travelers $647
2 Farm Bureau Mutual $805
3 USAA $831
4 Western National $901
5 The Hartford $936
6 West Bend Mutual $952
7 Allied $1,162
8 California Casualty $1,214
9 American Family $1,242
10 State Farm $1,250
11 General Casualty $1,261
12 Auto-Owners $1,321
13 Farmers $1,351
14 Auto Club Group $1,380
15 North Star $1,390
16 Nationwide $1,420
17 Country $1,427
18 Progressive $1,448
19 Allstate $1,467
20 MetLife $1,549
Get a Custom Quote Go

Travelers has some of the cheapest car insurance rates in Minneapolis at around $647 a year. Farm Bureau Mutual, USAA, Western National, and The Hartford would also make the list of some of the cheapest Minneapolis, MN car insurance companies.

In this example, if you are a customer of USAA and switched to Travelers, you may see an annual premium reduction of around $184. Minnesota drivers with Western National could save as much as $254 a year, and The Hartford insureds might reduce prices by as much as $289 a year.

To see how much you can save, click here to get quotes or click through to the companies below.

These premiums are averages for all types of drivers and the different vehicles they drive and do not take into consideration a vehicle location for single moms. So the auto insurance company that is best suited for you may not even be in the top 24 companies in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

For single parents, one of the big factors that aid in calculating the amount you pay for auto insurance is where you call home in Minneapolis. Regions with larger populations or more claims tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims receive better rates.

The illustration below ranks the priciest cities in Minnesota for single moms to purchase auto insurance in. Minneapolis shows up at #3 with a yearly cost of $1,997 on average, which is about $166 per month.

How much is auto insurance in Minneapolis, MN?
Rank City Premium Per Year
1 Saint Paul $2,070
2 Maplewood $2,066
3 Minneapolis $1,997
4 Brooklyn Park $1,816
5 Coon Rapids $1,809
6 Blaine $1,801
7 Richfield $1,796
8 Duluth $1,794
9 Bloomington $1,792
10 Edina $1,777
11 Saint Louis Park $1,754
12 Plymouth $1,731
13 Burnsville $1,726
14 Maple Grove $1,724
15 Eden Prairie $1,706
16 Minnetonka $1,706
17 Saint Cloud $1,702
18 Woodbury $1,697
19 Eagan $1,661
20 Shakopee $1,659
21 Lakeville $1,649
22 Apple Valley $1,631
23 Rochester $1,575
24 Moorhead $1,504
25 Mankato $1,489
Compare Rates Now Go

Rate information is comparative as vehicle location can change coverage rates noticeably.

Should you buy full coverage?

Finding cheaper auto insurance is important to most vehicle owners, and one of the fastest ways to lower the cost of insurance for single moms is to not pay for full coverage. The information below compares auto insurance costs with and without full coverage. The prices are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are factored in.

As an overall average, physical damage coverage costs an extra $1,498 per year over liability only. That raises the question when is the right time to remove full coverage. There is no clear-cut rule that works best for making the decision to drop physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s assume your vehicle’s claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $2,000 after paying your deductible. If it’s costing in excess of $200 annually for full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where only buying liability is not a good plan. If you haven’t paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should maintain full coverage.

Best auto insurance in Minnesota

Finding the highest-rated auto insurance provider can be a challenge considering how many different companies insure vehicles in Minnesota. The ranking data below could help you decide which car insurance companies you want to consider to insure your vehicles.

These ratings are only made up of the largest companies in America, so companies that only write business in Minnesota or surrounding areas are not taken into consideration for this list. If you’d like to compare prices and find cheaper insurance for single moms, just click here.

Minneapolis, MN Auto Insurance Company Rankings
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
Compare Rates Now Go

Data Source: Insure.com Best Car Insurance Companies

The agencies below can answer your questions and help you decide which coverages you need, as some drivers aren’t sure which coverage they need and prefer to have professional advice when shopping for the best coverage for single moms. It can be complicated to do it yourself, and getting professional guidance from a licensed agent can give you satisfaction knowing you have adequate coverage when you need it most.

To find an auto insurance agency nearest to you, click the link at the bottom or click here to get price quotes now.

More Minneapolis, MN insurance agents

How to find cheaper auto insurance for single moms

The list below details a few money-saving suggestions that can help Minnesota drivers locate low-cost auto insurance.

That last tip is notably significant, as was pointed out in the article above. Insurance prices in Minneapolis change frequently, so don’t hesitate to buy from a different company if you find a better deal.

Many consumers stick with the same company and that’s fine, but it’s not a good idea if that dedication is costing hundreds every year. If you have a few minutes, compare rates and find cheaper insurance for single moms.