Save Money on Ford Ranger Insurance in Minneapolis

It takes a few minutes, but the best way to find cheaper Ford Ranger insurance in Minneapolis is to start doing a yearly price comparison from different companies in Minnesota. You can shop around by completing these steps.

1. Try to learn a little about car insurance and the measures you can take to drop your rates. Many risk factors that drive up the price such as traffic violations and a not-so-good credit rating can be controlled by improving your driving habits or financial responsibility.
2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes from multiple insurance companies.
3. Compare the new quotes to your current policy premium to determine if you can save on Ranger insurance. If you find better rates and switch companies, verify that coverage does not lapse between policies.
4. Provide notification to your current company of your intention to cancel your current auto insurance policy and submit a down payment along with a signed application to your new agent or company. As soon as coverage is bound, place your new certificate verifying proof of insurance along with the vehicle’s registration papers.

The key aspect of shopping around is to try to compare similar limits and deductibles on each quote and and to get price quotes from as many different insurance providers as possible. Doing this ensures an apples-to-apples comparison and maximum price selection.

It’s an obvious statement that insurance companies want to keep your business as long as possible. Consumers who shop for lower rates will, in all likelihood, buy a new policy because there is a high probability of finding good coverage at a lower price. A study discovered that people who shopped around every year saved $865 annually compared to policyholders who didn’t regularly shop around.

If finding the cheapest rates on car insurance is your goal, then having a good understanding how to find companies and compare car insurance can help simplify the task of finding more affordable coverage.

Best companies for low-cost Ford Ranger insurance in Minnesota

The companies shown below can provide free rate quotes in Minnesota. To buy the best cheap car insurance in Minneapolis, we suggest you visit several of them in order to find the most affordable rates.

Car insurance statistics and figures

The price information shown below covers estimates of insurance premium costs for Ford Ranger models. Learning more about how auto insurance premiums are established can assist in making smart choices when comparing insurance rates.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in specific location information which can lower or raise price quotes greatly.

Analysis of deductible levels

One of the more difficult decisions when buying car insurance is which deductibles should you choose. The comparison tables below illustrate the cost difference when you select higher and lower physical damage coverage deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price information does not factor in specific location which can lower or raise prices significantly.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $20 more each month or $240 a year than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have at least 20 months between claims, you would save money if you choose a higher deductible. The numbers below show a better example of how you can come to your own conclusion.

The chart below illustrates how choosing a deductible and can raise or lower Ford Ranger premium costs for different ages of insureds. The rates are based on a single female driver, comprehensive and collision coverage, and no policy discounts are applied.

Car insurance prices based on gender

The information below compares Ford Ranger insurance prices for male and female drivers. The costs are based on no accidents or driving violations, full coverage, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

Full coverage or liability only

The information below compares Ford Ranger auto insurance costs with full coverage and liability only. The premium estimates are based on no claims or violations, $500 deductibles, drivers are single, and no discounts are applied.

When to stop buying full coverage

There isn’t a steadfast formula to drop physical damage insurance, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s say your Ford Ranger replacement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 a year for physical damage coverage, then it might be time to buy liability only.

There are some circumstances where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.

Slash rates with these premium slashing discounts

Insuring your vehicles can cost a lot, but you may qualify for discounts to help bring down the price. Many of these discounts will be applied automatically when you purchase, but a few must be inquired about prior to getting the savings. If you are not receiving all the discounts you deserve, you are throwing money away.

• Good Drivers – Drivers who avoid accidents can save up to 40% or more on their Minneapolis auto insurance quote than drivers with accident claims.
• Anti-lock Brakes – Anti-lock brake equipped vehicles have fewer accidents and the ABS can save up to 10%.
• Auto/Home Discount – If you can bundle your auto and home insurance with one company they may give you a discount of at least 10 to 15 percent or more.
• Smart Student Discounts – Maintaining excellent grades can save 20 to 25%. Most companies allow this discount well after school through age 25.
• Early Renewal Discounts – A few companies give discounts for switching policies before your current expiration date. The savings is around 10%.

One thing to note about discounts is that most discount credits are not given to the entire cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think you would end up receiving a 100% discount, you’re out of luck. But all discounts will help lower the amount you pay for coverage.

The illustration below illustrates the comparison of Ford Ranger annual premium costs with and without discounts applied. The data is based on a female driver, no driving violations, no at-fault accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, homeowner, multi-policy, and marriage discounts applied.

Insurance companies that may include these money-saving discounts include:

• State Farm
• Farmers Insurance
• Progressive
• GEICO
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

If you are trying to find low cost Minneapolis auto insurance quotes, ask all companies you are considering which discounts can lower your rates. All car insurance discounts might not apply in your state. To choose insurers that can offer you the previously mentioned discounts in Minnesota, follow this link.

Buying from insurance agencies

A small number of people just prefer to talk to a local agent and that is a smart decision A nice benefit of getting free rate quotes online is you may find cheaper auto insurance rates and still choose a local agent.

To help locate an agent, after submitting this short form, your insurance coverage information is submitted to insurance agents in Minneapolis who will give you quotes and help you find cheaper coverage. There is no need to search for an agent since price quotes are sent to the email address you provide. Get lower rates and an insurance agent to talk to. If you need to quote rates from a specific car insurance provider, you can always visit that company’s website and complete a quote there.

Picking the best provider needs to be determined by more than just a cheap price. Below are some questions you should ask.

• Do they review policy coverages at every renewal?
• In the event of vehicle damage, can you pick the collision repair facility?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• If your car is in the repair shop, do you have coverage for a rental car?
• Does the company have a local claim office in Minneapolis?
• Do the coverages you’re quoting properly cover your vehicle?
• Are they properly licensed to sell insurance in Minnesota?

When finding a local Minneapolis insurance agent, it helps to know the two different types of agencies and how they can quote your rates. Insurance agencies in Minneapolis can be described as either exclusive or independent agents depending on their company appointments.

Exclusive Car Insurance Agents

Agents of this type can only write with one company like Allstate, State Farm and Farmers Insurance. Exclusive agencies are unable to provide rate quotes from other companies so you need to shop around if the rates are high. These agents are highly trained on their products and sales techniques and that enables them to sell even at higher rates.

Listed below is a short list of exclusive insurance agents in Minneapolis that can give you price quote information.

More Minneapolis agents

Independent Insurance Agents

These type of agents are not restricted to one company so as a result can place your coverage through lots of different companies and possibly get better coverage at lower prices. If your agent finds better pricing, the agent simply finds a different carrier and the insured can keep the same agent. If you are comparing car insurance prices, we highly recommend that you include rate quotes from at a minimum one independent agency so that you have a good selection of quotes to compare.

Below are Minneapolis independent insurance agencies that can give you rate quotes.

More Minneapolis agents

Best auto insurance company in Minneapolis

Finding the highest-rated company is hard considering how many choices there are in Minnesota. The company rank data shown next can help you choose which coverage providers to look at comparing rates with.

Top 10 Minneapolis Car Insurance Companies Overall

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Top 10 Minneapolis Car Insurance Companies Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. State Farm
5. Liberty Mutual
6. Allstate
7. Safeco Insurance
8. 21st Century
9. Travelers
10. Titan Insurance

Insurance savings summarized

Low-cost Ford Ranger insurance in Minneapolis can be found on the web in addition to many Minneapolis insurance agents, and you need to price shop both so you have a total pricing picture. A few companies don’t offer rates over the internet and many times these small, regional companies sell through local independent agents.

Throughout this article, we presented some good ideas how to get a better price on Ford Ranger insurance in Minneapolis. The most important thing to understand is the more price quotes you have, the better your comparison will be. Drivers may even discover the lowest rates are with a lesser-known regional company. They may only write in your state and offer lower car insurance rates than the large multi-state companies such as State Farm, GEICO and Nationwide.

Additional information can be read at these links:

• Top Signs Your Brakes are Giving Out (State Farm)
• How Much is Car Insurance for Drivers Over Age 50 in Minneapolis? (FAQ)
• How Much is Car Insurance for High Risk Drivers in Minneapolis? (FAQ)
• Who Has the Cheapest Minneapolis Auto Insurance Quotes for Business Use? (FAQ)
• Distracted Driving Statistics (Insurance Information Institute)
• Distracted Driving Extends Beyond Texting (State Farm)
• Older Driver Statistics (Insurance Information Institute)
• Understanding your Policy (NAIC.org)