Wouldn’t it be so easy if we could magically tell you the single best company that has the cheapest policy rates for government employees? It’s not that simple, unfortunately, as there are a whole bunch of unknown factors such as the number of miles you drive each year, your marital status, the amount of coverage you want, and if you are a homeowner, that all impact the cost of coverage. This article will cover the different ways to avoid overpaying and educate you enough to have a good start in finding the cheapest insurance.
For state and federal workers, one of the more important considerations that aid in calculating the price you pay for insurance is where your residence is in Minneapolis. Cities with more crime and/or more people tend to pay more, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.
The table below shows the priciest cities in Minnesota for government employees to buy car insurance in. Minneapolis is listed at #1 with an annual cost of $2,079 for car insurance, which is approximately $173 each month.
|Rank||City||Average Per Year|
|14||Saint Louis Park||$1,702|
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Premium amounts are estimated as specific Minneapolis garaging address can decrease or increase coverage prices significantly.
The type of vehicle that is being insured is probably the largest consideration that determines whether or not you find low-priced coverage for government employees. Vehicles with reasonable performance levels, excellent safety ratings, or a track record of few liability claims will cost significantly less to insure than high performance models.
The next list estimates car insurance costs for a selection of the most cost-effective vehicles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,515|
|Honda CR-V EX 4WD||$1,522|
|Ford Edge SE AWD||$1,720|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,731|
|Chevrolet Equinox LS AWD||$1,753|
|Ford Explorer Limited AWD||$1,786|
|Chevrolet Silverado LT Crew Cab 4WD||$1,877|
|Ford F-150 XL Crew Cab 4WD||$1,944|
|Nissan Rogue SL AWD||$1,971|
|Honda Civic DX 4-Dr Sedan||$1,974|
|Ford Focus SE 4-Dr Sedan||$1,982|
|Toyota Camry Hybrid||$2,004|
|Jeep Grand Cherokee Laredo 2WD||$2,013|
|Toyota RAV4 Limited 4WD||$2,020|
|GMC Sierra 2500HD SLT Extended Cab 2WD||$2,098|
|Nissan Altima 3.5 SR 2-Dr Coupe||$2,106|
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium amounts do not factor in specific location information which can raise or lower rates greatly.
Based on these rates, we can expect cars like the Ford Escape, Honda CR-V, and Toyota Prius are going to be some of the most affordable vehicles to insure for state and federal workers.
Accidents and violations increase rates
The easiest method to find affordable insurance premiums in Minneapolis for state and federal workers is to drive cautiously and avoid at-fault accidents and violations. The information below demonstrates how speeding tickets and at-fault claims raise insurance prices for different age groups. The data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of auto insurance in Minnesota per year with no accidents or violations is $1,577. Add in one speeding ticket and the average cost hikes up to $1,808, an increase of $231 each year. Then include two accidents along with the one speeding ticket and the annual cost of insurance for government employees goes up to an average of $3,746. That’s an increase of $2,169, or $181 per month, just for being a careless driver!
Get discounts on Minneapolis insurance rates
Insurers that provide coverage for government employees may also provide premium discounts that can lower rates by as much as 35% if you meet the requirements. A few of the larger companies and some of the premium reductions they offer are outlined below.
- 21st Century offers premium reductions for 55 and older, homeowners, air bags, theft prevention, anti-lock brakes, and defensive driver.
- State Farm policyholders can earn discounts including good student, safe vehicle, multiple policy, passive restraint, and student away at school.
- AAA discounts include good student, multi-car, education and occupation, good driver, anti-theft, multi-policy, and AAA membership discount.
- Liberty Mutual may offer discounts for new move discount, newly retired, safety features, preferred payment discount, newly married, good student, and new graduate.
- Progressive offers discounts for continuous coverage, online quote discount, homeowner, good student, and multi-policy.
The diagram below visualizes the comparison of insurance premiums with and without discounts applied to the rates. The rates are based on a male driver, a clean driving record, no at-fault accidents, Minnesota state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, vehicle safety, safe-driver, accident-free, homeowner, and marriage discounts applied. In this example, theaverage amount saved on insurance for government employees is 28% or $371.
The chart below shows how choosing a deductible can increase or decrease insurance costs when searching for cheap insurance for government employees. The premium estimates are based on a married male driver, full physical damage coverage, and no policy discounts are applied.
As shown above, a 50-year-old driver could cut expenses by $220 a year by increasing from a $100 deductible to a $500 deductible, or save $334 by switching to a $1,000 deductible. Young drivers, like the 20-year-old category, could reduce their rates up to $736 annually just by using higher deductibles. When choosing a higher deductible, it will be important to have enough spare savings to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Why you should compare rates
Minnesota insurance rates are based on many factors that control the cost of having a policy. Simply getting older, increasing liability limits, or having an at-fault accident may cause policy rate changes that can make some companies cheaper than others.
Also, car insurance companies modify rates as often as every three months in order to protect their financial rating. Unexpectedly high claims can cause higher rates, while profitable underwriting may cause cheaper Minneapolis car insurance rates.
To help illustrate this point, the chart below shows the company with the cheapest car insurance in Minneapolis, MN for a 30-year-old female driver with a good driving record, no prior claims, and good credit. When comparing rates based on her personal risk profile, Travelers may have the best car insurance rates in Minneapolis at $922 per year. This is $499 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford round out the rest of the cheapest Minneapolis, MN auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example an accident claim, slightly worse credit, and a traffic citation. Since each auto insurance company has their own process for determining rates in each state, comparing insurance quotes may now present a substantially altered list of affordable companies as shown below.
Farm Bureau Mutual now has the best auto insurance rate in Minneapolis with USAA, Allied, American Family, and State Farm now rounding out the top five. This example demonstrates why Minneapolis drivers need to shop around to find affordable insurance quotes for government employees. Car insurance prices are calculated by many risk factors and change substantially, so the cheapest option the last time you checked may now be an over-priced policy.
If you prefer to have some professional guidance when trying to find lower insurance rates for state and federal workers, the insurance agencies below can answer your questions and help you decide which coverages are best. To locate an agency by location nearest to you, click the button following the list or click here to compare price quotes now.
Kelly Mulligan Allstate Insurance Agency
80 8th St S – Minneapolis, MN 55402 – (612) 713-9253
Semlak Miernicki Insurance Agency
2657 Dupont Ave S – Minneapolis, MN 55408 – (612) 208-0873
Allstate Insurance: Mohamud Isse
331 E Lake St – Minneapolis, MN 55408 – (612) 353-6667
American Family Insurance – Dawn Bartell
4649 Bloomington Ave – Minneapolis, MN 55407 – (612) 333-5554
State Farm: Ashkan Morvari
25 W Diamond Lake Rd – Minneapolis, MN 55419 – (612) 455-4196