Who Has Cheap Minneapolis Car Insurance for High Mileage Drivers?

The words “low-priced” and “insurance” really should not be used together, specifically when you are shopping around for the lowest insurance rates for high mileage drivers. Because it’s not cheap, let’s learn about some situations that determine car insurance premiums, and find a few ways to take the bite out of your next policy.

For high mileage drivers, one of the more important things that determine auto insurance rates is where your residence is in Minneapolis. More populated areas will most likely pay more, whereas areas that tend to be more rural get the luxury of paying less.

The information below shows the highest-priced places in Minnesota for high mileage drivers in which to purchase auto insurance. Minneapolis makes the list at #2 with a yearly premium of $2,018 on average, which is approximately $168 monthly.

How much does auto insurance cost in Minneapolis?
Rank City Annual Premium
1 Maplewood $2,066
2 Minneapolis $2,018
3 Saint Paul $1,988
4 Brooklyn Park $1,798
5 Duluth $1,794
6 Saint Louis Park $1,772
7 Bloomington $1,756
8 Woodbury $1,748
9 Richfield $1,742
10 Coon Rapids $1,739
11 Blaine $1,731
12 Edina $1,725
13 Maple Grove $1,724
14 Lakeville $1,717
15 Eagan $1,712
16 Burnsville $1,709
17 Minnetonka $1,706
18 Shakopee $1,693
19 Plymouth $1,663
20 Eden Prairie $1,655
21 Saint Cloud $1,652
22 Rochester $1,639
23 Apple Valley $1,631
24 Moorhead $1,550
25 Mankato $1,489
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Rates are approximated as the specific zip code location can lower or raise insurance rates considerably.

The make and model of vehicle requiring coverage is a large consideration when quoting the best cheap coverage for high mileage drivers. Vehicles with higher performance, a lack of modern safety features, or a high likelihood of having liability claims will cost significantly more to insure than more modest models.

The data below outlines insurance prices for a handful of the cheaper automobiles to insure.

Cheapest Vehicles to Insure in Minneapolis, MN
Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,504
Hyundai Elantra GLS Touring Station Wagon $1,648
Ford Escape XLT 2WD $1,654
Toyota Prius $1,667
Honda Accord EX 4-Dr Sedan $1,697
Toyota Tacoma Double Cab 4WD $1,780
Volkswagen Jetta S 2.5 Station Wagon $1,794
Toyota Camry SE $1,877
Chevrolet Silverado LT Extended Cab 2WD $1,907
Jeep Grand Cherokee Limited 4WD $1,910
Nissan Altima Hybrid 4-Dr Sedan $1,916
Chevrolet Equinox LS 2WD $1,952
Ford Focus SE 4-Dr Sedan $1,965
Ford Edge SEL AWD $1,975
Ford Explorer Limited AWD $1,990
Chevrolet Malibu Hybrid $2,010
Toyota RAV4 Limited 4WD $2,020
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Information does not factor in specific location which can raise or lower auto insurance rates significantly.

Based upon the rates shown, you can see that models like the Honda CR-V, Hyundai Elantra, and Ford Escape are likely to be a few of the most economical vehicles to insure for high mileage drivers.

The illustration below demonstrates how deductibles can raise or lower insurance costs when trying to find cheap insurance for high mileage drivers. The information is based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

As shown above, a 30-year-old driver could pocket $340 a year by changing from a $100 deductible up to a $500 deductible, or save $512 by using a $1,000 deductible. Young drivers, like the Age 20 category, can save $724 or more just by choosing higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it will be required to have plenty of savings on hand to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Price comparison of only insuring for liability

Saving money on insurance is important to the majority of people, and one of the best ways to reduce the cost of insurance for high mileage drivers is to buy only liability coverage. The diagram below illustrates the difference between insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no policy discounts are applied.

If we average the cost for all age groups, full coverage costs $1,445 per year over liability only. That is a significant amount which raises the question if it’s a good idea to buy full coverage. There is no set rule to exclude full coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

Buying coverage from a high-quality auto insurance company can be challenging considering how many companies sell coverage in Minnesota. The information in the next section may help you decide which providers to look at putting your business with.

These rankings include large, nationwide insurance companies, so companies without a large exposure are not factored into this list. If you wish to compare prices from the insurers below and more, follow this link.

Top 10 Major Auto Insurance Companies in Minneapolis Ranked by Customer Service

  1. State Farm
  2. Nationwide
  3. Safeco Insurance
  4. American Family
  5. Travelers
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. The Hartford
  10. Farmers Insurance

Top 10 Major Auto Insurance Companies in Minneapolis Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Progressive – A+
  9. Allstate – A+
  10. The General – A-

How to find cheaper car insurance for high mileage drivers

Below you’ll find some thrifty ideas that can help you locate cheap car insurance.

The last idea is remarkably necessary, as was discussed in this write-up. Prices charged by auto insurers in Minneapolis can be adjusted at any time, so don’t be afraid to switch to a new company if a cheaper rate is available.

Brand loyalty is not necessarily bad, but we do not recommend it if that dedication is costing money that could be used for better things. It only takes a couple minutes to compare rates and find cheaper auto insurance for high mileage drivers.

If you prefer to have a professional recommendation when trying to find lower insurance rates for high mileage drivers, the agents shown below are willing to help you determine which policy fits your needs best. To find an agent using an interactive map, click the link after the list.

More Minneapolis, MN insurance agents