If you want to save the most money, the best way to get the cheapest auto insurance rates in Minneapolis is to do an annual price comparison from different companies that sell auto insurance in Minnesota.
- Step 1: Get a basic knowledge of how companies price auto insurance and the modifications you can make to lower rates. Many risk factors that drive up the price such as distracted driving and a negative credit score can be improved by paying attention to minor details. Later in this article we will cover instructions to help prevent expensive coverage and get discounts that may be available to you.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while independent agents can give you price quotes for many different companies.
- Step 3: Compare the new rates to your current policy to see if a cheaper price is available in Minneapolis. If you can save some money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Provide proper notification to your current company of your intention to cancel the current policy and submit a down payment and signed policy application to the new company. Make sure you keep your new proof of insurance paperwork with your registration paperwork.
A tip to remember is that you use the same deductibles and limits on every quote and and to get price quotes from as many companies as you can. This ensures an accurate price comparison and a better comparison of the market.
Astonishing but true according to a recent study, most auto insurance policyholders have remained with the same auto insurance company for a minimum of four years, and almost 40% of drivers have never shopped around. Many consumers in Minnesota could save themselves roughly $1,040 a year just by getting comparison quotes, but they just assume it’s a time-consuming process to find cheaper auto insurance rates.
If you have insurance now, you stand a good chance to be able to reduce premiums using these tips. This article’s intent is to instruct you on how to effectively get price quotes and some money-saving tips. Nevertheless, Minnesota car owners should learn how big insurance companies determine premium rates and take advantage of how the system works.
Get discounts on Minneapolis insurance
Insuring your vehicles can cost a lot, but you may qualify for discounts that could drop your premiums quite a bit. Some of these discounts will be visible when you get a quote, but lesser-known reductions have to be specially asked for before being credited.
- Smart Student Discounts – Excelling in school may save as much as 25% on a Minneapolis car insurance quote. Many companies even apply the discount to college students up to age 25.
- Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
- Theft Deterrent System – Cars, trucks, and SUVs with anti-theft systems help deter theft so companies will give you a small discount.
- Discounts for Good Drivers – Drivers who don’t get into accidents can save as much as half off their rates than drivers with accident claims.
- Early Switch Discount – Select larger companies give a discount for switching to them before your current coverage expires. It can save you around 10%.
- Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
- Student in College – Any of your kids who live away from home at college and do not have access to a covered vehicle could qualify for this discount.
- Discount for Passive Restraints – Options like air bags and/or automatic seat belt systems may earn rate discounts of 20 to 30 percent.
- Low Mileage Discounts – Keeping the miles down on your Mazda may enable drivers to earn slightly better premium rates than normal.
- 55 and Retired – Drivers that qualify as senior citizens may qualify for reduced rates.
As a footnote on discounts, some of the credits will not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think all those discounts means the company will pay you, you’re out of luck.
The chart below visualizes the comparison of Mazda 6 insurance costs with and without discounts applied to the policy rates. The data assumes a male driver, no tickets, no at-fault accidents, Minnesota state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, marriage, claim-free, and multi-policy discounts applied.
A few companies that may have most of these discounts possibly include:
It’s a good idea to ask every prospective company which discounts can lower your rates. Savings may not apply to policyholders in Minneapolis. To view companies that can offer you the previously mentioned discounts in Minnesota, follow this link.
The best way we recommend to compare insurance rates in your area is to know the trick most of the bigger providers allow for online access to provide you with free rate quotes. To start a quote, the only thing you need to do is give the companies some data like how many miles driven, if it has an anti-theft system, the year, make and model of vehicles, and if you have an active license. Those rating factors is automatically sent to multiple different insurance companies and they return quotes almost instantly.
To check rates for your Mazda 6 now, click here and see if a lower rate is available in Minneapolis.
The providers in the list below are ready to provide quotes in Minnesota. If you want to find cheaper car insurance in Minnesota, we suggest you compare several of them to get the most affordable price.
Insurance analysis for a Mazda 6
The coverage information displayed next highlights different insurance rates for Mazda 6 models. Being more informed about how car insurance prices are formulated can help drivers make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 6 I Sport 4-Dr Sedan | $268 | $566 | $384 | $22 | $114 | $1,354 | $113 |
| 6 I SV 4-Dr Sedan | $268 | $566 | $384 | $22 | $114 | $1,354 | $113 |
| 6 I Touring 4-Dr Sedan | $268 | $566 | $384 | $22 | $114 | $1,354 | $113 |
| 6 I Touring Plus 4-Dr Sedan | $302 | $566 | $384 | $22 | $114 | $1,388 | $116 |
| 6 I Touring Plus 4-Dr Sedan | $302 | $566 | $384 | $22 | $114 | $1,388 | $116 |
| 6 I Grand Touring 4-Dr Sedan | $302 | $668 | $384 | $22 | $114 | $1,490 | $124 |
| 6 S Touring Plus 6 Cyl 4-Dr Sedan | $302 | $668 | $384 | $22 | $114 | $1,490 | $124 |
| 6 S Touring Plus 4-Dr Sedan | $302 | $668 | $384 | $22 | $114 | $1,490 | $124 |
| 6 S Grand Touring 4-Dr Sedan | $302 | $668 | $384 | $22 | $114 | $1,490 | $124 |
| 6 S Grand Touring 6 Cyl 4-Dr Sedan | $302 | $668 | $384 | $22 | $114 | $1,490 | $124 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in vehicle location which can revise premiums substantially.
How Insurance Providers Calculate Mazda 6 Insurance Rates
A large part of saving on auto insurance is knowing a few of the rating criteria that help determine your auto insurance rates. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that could help you find much lower annual insurance costs.
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Gender and insurance prices – Over time, data shows women are more cautious behind the wheel. This data doesn’t prove that males are worse at driving than females. They both are in fender benders in similar percentages, but the males cause more damage. Men also statistically get cited for more serious violations such as DWI and reckless driving.
The diagram below illustrates the difference between Mazda 6 auto insurance costs for male and female drivers. The prices are based on no claims or driving violations, full physical damage coverage, $100 deductibles, single status, and no discounts are factored in.
- Your car’s features help determine prices – Buying a car with anti-theft technology or alarm system can help lower your rates. Theft prevention devices such as OnStar, LoJack tracking, and tamper alarms can thwart vehicle theft.
- Where do you drive? – The more miles you rack up on your Mazda annually the higher the price you pay to insure it. Almost all companies calculate prices based upon how the vehicle is primarily used. Cars and trucks that sit idle most of the time qualify for better rates than those used for commuting. Incorrect rating for your 6 is just wasting money. It’s always a good idea to double check that your auto insurance policy reflects annual mileage, because it can save money.
- Low physical damage deductibles can be expensive – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your vehicle. Some examples of claims that would be covered would be running into the backend of another car, collision with an animal, and damage caused by flying debris. Your deductibles are the amount of money you are willing to pay before a claim is paid by your company. The higher the amount the insured is willing to pay, the less your company will charge you for insurance.
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Mazda 6 insurance loss data – Car insurance companies include the past claim trends for vehicles to calculate a price that will offset any claims. Models that the statistics show to have a trend towards higher claims will cost more for coverage.
The next table shows the historical loss data for Mazda 6 vehicles. For each coverage category, the claim probability for all vehicles averaged together is set at 100. Values that are 100 or less indicate a favorable loss history, while values that are above 100 indicate more frequent losses or larger claims.
Car Insurance Loss Data for Mazda 6 Models Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Mazda 6 99 92 112 94 98 94 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Do I need special coverages?
When it comes to the best car insurance coverage for your vehicles, there really is not a perfect coverage plan. Your financial needs are unique so your insurance needs to address that. Here are some questions about coverages that could help you determine whether or not you would benefit from professional advice.
- What discounts do I qualify for?
- When does my teenage driver need to be added to my policy?
- Is my dog or cat covered if injured in an accident?
- Is coverage enough to protect my assets?
- Do I have coverage when pulling a U-Haul trailer?
- What is an adequate liability insurance limit?
- What is the premium to book value ratio for dropping full coverage?
- Do I have coverage when making deliveries for my home business?
- Does every company file a SR-22 automatically?
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Local agents and auto insurance
Many drivers prefer to get advice from a local agent and that is recommended in a lot of cases One of the great benefits of price shopping on the web is that drivers can save money and get better rates and also buy local.
To help locate an agent, after submitting this quick form, your insurance coverage information is emailed to agents in your area that can give you free Minneapolis car insurance quotes and help you find cheaper coverage. It’s much easier because you don’t need to contact any insurance agencies since price quotes are sent immediately to your email address. You can find the lowest rates without the usual hassles of price shopping. If you need to get a price quote from a particular provider, you can always jump over to their website to submit a rate quote request.
Finding a good company should include more criteria than just a cheap price quote. These questions are important to ask:
- What are the financial ratings for the companies they represent?
- Do they regularly work with personal auto policies in Minneapolis?
- Are they paid to recommend certain coverages?
- Does the agency provide any after hours assistance?
- If your car is totaled, how to they determine the replacement cost?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Do they feel the quoted coverages are adequate?
- How much can you save by raising your physical damage deductibles?
Why you need insurance for your Mazda vehicle
Even though it’s not necessarily cheap to insure a Mazda in Minneapolis, paying for auto insurance is required in Minnesota but it also protects you in many ways.
- Just about all states have compulsory liability insurance requirements which means the state requires a minimum amount of liability protection in order to drive the car. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Mazda, it’s guaranteed your bank will force you to have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank will be required to insure your Mazda at a more expensive rate and make you pay a much higher amount than you were paying before.
- Auto insurance protects your Mazda 6 and your assets. Insurance will pay for all forms of medical expenses incurred in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of insuring your 6 greatly outweigh the cost, especially when you need to use it. According to a recent study, the average American driver overpays more than $750 every year so shop around every year to ensure rates are competitive.
Best auto insurance company in Minnesota
Ending up with a highly-rated insurer can be challenging considering how many different insurance companies sell coverage in Minnesota. The company rank data in the lists below can help you decide which insurers you want to consider comparing rates from.
Top 10 Minneapolis Car Insurance Companies Ranked by Value
- USAA
- GEICO
- AAA Insurance
- State Farm
- Liberty Mutual
- Allstate
- Safeco Insurance
- 21st Century
- Travelers
- Titan Insurance
Don’t give up on cheap premiums
When getting Minneapolis car insurance quotes online, you should never sacrifice coverage to reduce premiums. In many instances, an insured cut full coverage only to regret at claim time that the small savings ended up costing them much more. Your goal is to purchase plenty of coverage for the lowest price and still be able to protect your assets.
Cheaper car insurance in Minneapolis can be found from both online companies in addition to many Minneapolis insurance agents, and you should be comparing both to have the best selection. Some insurance companies may not have online rate quotes and these smaller providers only sell through local independent agents.
For more information, take a look at the articles below:
- Anti-Lock Brake FAQ (iihs.org)
- Who Has the Cheapest Minneapolis Car Insurance for Drivers with a Bad Driving Record? (FAQ)
- What Auto Insurance is Cheapest for Teenage Females in Minneapolis? (FAQ)
- Who Has the Cheapest Minneapolis Car Insurance Quotes for Uninsured Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance for a Ford Explorer in Minneapolis? (FAQ)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Airbag FAQ (iihs.org)
- Preventing Carjacking and Theft (Insurance Information Institute)