It takes a little time, but the best way to find better pricing on auto insurance rates is to do a yearly price comparison from different companies who can sell car insurance in Minneapolis. You can compare rates by following these steps.
First, gain an understanding of how insurance works and the modifications you can make to prevent high rates. Many things that result in higher prices such as your driving record and a less-than-favorable credit rating can be remedied by paying attention to minor details. Keep reading for additional ideas to get affordable coverage and get additional discounts that may have been overlooked.
Second, compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can provide price quotes from many different companies.
Third, compare the new rates to the price on your current policy to see if a cheaper price is available. If you find better rates and decide to switch, make sure there is no lapse in coverage.
The key aspect of shopping around is to try to use identical coverage information on every quote request and and to get prices from as many companies as feasibly possible. Doing this helps ensure the most accurate price comparison and the best rate selection.
A recent study showed that a large majority of drivers kept their coverage with the same car insurance company for at least the last four years, and almost half have never compared rate quotes at all. Many consumers in Minnesota could save 50% a year by just comparing quotes, but they just feel it’s too hard to shop their coverage around.
If you have a current car insurance policy, you will definitely be able to lower your rates using the ideas covered in this article. Comparison shopping for affordable protection in Minneapolis can be fairly easy. But Minnesota drivers should learn how big insurance companies compete online because rates are impacted by many factors.
Companies offering low-cost Jeep Cherokee price quotes in Minneapolis, MN
The companies in the list below offer comparison quotes in Minnesota. In order to find the best auto insurance in Minneapolis, we recommend you click on several of them in order to get a fair rate comparison.
Discounts mean cheaper rates for Jeep Cherokee insurance in Minneapolis
Car insurance can cost a lot, but there may be some discounts that you may not even know about. Some discounts apply automatically at the time of purchase, but some discounts are required to be inquired about before you get the savings.
- Senior Citizen Rates – Mature drivers could receive reduced rates.
- New Vehicle Savings – Buying a new car model may earn a small discount compared to insuring an older model.
- Defensive Driver – Taking time to complete a driver safety course can save you 5% or more and easily recoup the cost of the course.
- Distant Student Discount – Youth drivers who live away from home to go to college without a vehicle on campus can receive lower rates.
- Drive Safe and Save – Drivers who don’t get into accidents can pay as much as 50% less than their less cautious counterparts.
- Organization Discounts – Affiliation with certain professional organizations is a good way to get lower rates on your bill.
- Drive Less and Save – Keeping the miles down on your Jeep could qualify for cheaper car insurance rates.
- Claim Free – Drivers who don’t have accidents can earn big discounts in comparison to drivers who are more careless.
- Own a Home and Save – Simply owning a home may trigger a policy discount on car insurance since home ownership demonstrates responsibility.
Just know that most of the big mark downs will not be given to your bottom line cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, you won’t be that lucky.
For a list of companies with the best discounts in Minneapolis, click this link.
Informed Drivers Can Reduce Insurance Rates
Lots of factors are used when quoting car insurance. Some factors are common sense like a motor vehicle report, although others are more transparent like your vehicle usage or how safe your car is. A large part of saving on auto insurance is knowing a few of the rating criteria that go into determining the price you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with cheaper rates.
The itemized list below are a partial list of the pieces that factor into rates.
High comp and collision deductibles save money – Physical damage protection, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Jeep. Examples of some claims that would be covered could be a dented fender, hail damage, and damage caused by flying debris. Deductibles for physical damage represent how much money you are willing to pay out-of-pocket in the event of a claim. The larger the amount you’re willing to pay, the bigger discount you will receive.
How your age affects rates – Young drivers in Minnesota have a tendency to be inattentive and easily distracted in a vehicle therefore auto insurance rates are much higher. Adding a teen driver to your auto insurance policy can be very expensive. More mature drivers tend to be more responsible, tend to file fewer claims, and usually have better credit.
Credit score impact auto insurance rates – Having a good credit score will be a significant factor in your rate calculation. Drivers who have excellent credit scores tend to be better risks to insure as compared to drivers with poor credit. If your credit score is not that good, you could save money insuring your Jeep Cherokee by improving your credit score.
Never let your policy expire – Driving with no insurance is illegal and companies may charge more for letting your coverage have a gap. And not only will insurance be more expensive, getting caught without coverage might get you a fine, jail time, or a revoked license.
Save money with GPS tracking and theft deterrents – Purchasing a vehicle that has a built-in theft deterrent system can earn a premium discount. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder vehicle theft.
Responsible drivers pay less – Getting just one ticket may cause rates to rise forty percent or more. Careful drivers receive lower rates compared to bad drivers. People who have dangerous violations such as DUI, reckless driving or excessive speeding may find that they have to to complete a SR-22 to the state department of motor vehicles in order to continue driving.
Safer vehicles means better prices – Cars with high safety ratings tend to have lower insurance rates. These vehicles protect occupants better and reduced instances of injuries translates into fewer and smaller insurance claims and lower rates for you.
Put fewer miles on your vehicle – The more you drive your Jeep each year the more you’ll pay to insure your vehicle. A lot of companies rate vehicles based upon how you use the vehicle. Vehicles left parked in the garage can be on a lower rate level as compared to vehicles used primarily for driving to work. An incorrectly rated Cherokee is just wasting money. Ask your agent if your auto insurance policy is rated on the proper vehicle usage, because improper ratings can cost you money.
Insurance loss data for Jeep Cherokee vehicles – Insurance companies take into consideration historical loss data for every vehicle to help determine the rate you pay. Vehicles that the data determines to have higher prevalence or dollar amount of losses will cost more for specific coverages. The table below illustrates the compiled insurance loss statistics for Jeep Cherokee vehicles.
For each policy coverage, the claim amount for all vehicles averaged together is a value of 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 point to more claims or a tendency for claims to be larger.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Jeep Cherokee 4dr 2WD||76||105||77||87||90||109|
|Jeep Cherokee 4dr 4WD||78||115||82||75||79||103|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare rate quotes but buy from a local Minneapolis insurance agency
A lot of people still prefer to get advice from a local agent and that is a smart decision A good thing about comparing insurance prices online is that you can find cheap auto insurance rates and still buy from a local agent. Supporting local agencies is especially important in Minneapolis.
For easy comparison, once you complete this quick form, your coverage information is submitted to companies in Minneapolis who will give you quotes for your business. You never need to do any legwork since price quotes are sent to you instantly. You can most likely find cheaper rates AND an agent nearby. In the event you want to compare prices from a specific insurance company, you can always visit that company’s website and fill out the quote form the provide.
When finding an insurance agent, it can be helpful to understand the different types of agencies that you can select. Agencies in Minneapolis can be described as either exclusive agents or independent agents.
Independent Auto Insurance Agencies
Independent agents often have many company appointments so they can quote policies with lots of companies and find you the best rates. To move your coverage to a new company, the agent simply finds a different carrier and you don’t have to switch agencies.
When searching for an agent, you absolutely need to compare prices from several independent insurance agents to have the best price comparison. Most can insure with companies that do not advertise much which could offer lower prices.
Featured below are Minneapolis independent insurance agencies who can help you get competitive price quotes.
- Glover Insurance Agency
2520 NE Lowry Ave – Minneapolis, MN 55411 – (612) 284-3227 – View Map
- A Act One Auto Insurance Agency
2925 Glenhurst Ave – Minneapolis, MN 55416 – (612) 722-8010 – View Map
- Higgins Insurance
2214 Central Ave NE – Minneapolis, MN 55418 – (612) 789-7231 – View Map
Exclusive Auto Insurance Agencies
These type of agents write business for a single company and examples are Allstate, Farmers Insurance or State Farm. They usually cannot provide rate quotes from other companies so they really need to provide good service. These agents are very knowledgeable on what they offer which helps them sell insurance even at higher premiums. Consumers often buy insurance from these agents mostly because of the brand and solid financial strength.
Listed below are Minneapolis exclusive agencies willing to provide comparison quotes.
- Farmers Insurance – Matthew Nye
2104 Stevens Ave #309 – Minneapolis, MN 55404 – (612) 979-2330 – View Map
- Julie Nadeau – State Farm Insurance Agent
7801 E Bush Lake Rd #200 – Minneapolis, MN 55439 – (952) 937-2020 – View Map
- AAA Minneapolis Insurance
5400 Auto Club Way – Minneapolis, MN 55416 – (952) 927-2518 – View Map
Finding the right insurance agency is decision based upon more than just a cheap price. These are some questions your agent should answer.
- What is the financial rating for the quoted company?
- Can you use your own choice of collision repair facility?
- Are they able to influence company decisions when a claim is filed?
- If your car is in the repair shop, do you have coverage for a rental car?
- Will a damage claim use OEM or aftermarket replacement parts?
You can lower your car insurance rates
When buying insurance coverage, never skimp on coverage in order to save money. There are many occasions where someone sacrificed collision coverage only to discover later that the savings was not a smart move. The proper strategy is to purchase a proper amount of coverage at the lowest possible cost and still be able to protect your assets.
Cheaper car insurance in Minneapolis is definitely available from both online companies in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture. Some companies may not provide rates over the internet and usually these regional insurance providers only sell through local independent agents.
In this article, we covered some good ideas how you can save on Jeep Cherokee insurance in Minneapolis. The most important thing to understand is the more rate quotes you have, the better your comparison will be. You may even be surprised to find that the lowest prices are with some of the lesser-known companies.
More detailed car insurance information can be found in the articles below:
- Understanding Rental Car Insurance (Insurance Information Institute)
- What Car Insurance is Cheapest for a Ford Escape in Minneapolis? (FAQ)
- Choosing an Insurance Company (Insurance Information Institute)
- Senior Drivers (Insurance Information Institute)