The words “low-priced” and “insurance” probably shouldn’t be used together, specifically when trying to find the best car insurance after a speeding ticket. Because it’s so expensive, let’s teach you some of the things that can significantly affect insurance rates, and come up with some ways to slash the price of your next policy.
One of the many criteria that are looked at to help calculate car insurance rates is where you keep your car in Minneapolis. Regions with larger populations or more claims tend to pay slightly more, whereas less populated areas have the benefit of cheaper auto insurance prices.
The following table sorts the most costly cities in Minnesota after a speeding ticket in which to purchase auto insurance. Minneapolis comes in at #2 with a yearly cost of $2,018 for the average insured, which is around $168 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Maplewood | $2,045 |
| 2 | Minneapolis | $2,018 |
| 3 | Saint Paul | $1,988 |
| 4 | Coon Rapids | $1,809 |
| 5 | Duluth | $1,777 |
| 6 | Brooklyn Park | $1,762 |
| 7 | Richfield | $1,760 |
| 8 | Bloomington | $1,756 |
| 9 | Blaine | $1,748 |
| 10 | Woodbury | $1,731 |
| 11 | Eden Prairie | $1,723 |
| 12 | Saint Louis Park | $1,720 |
| 13 | Edina | $1,707 |
| 14 | Saint Cloud | $1,702 |
| 15 | Burnsville | $1,675 |
| 16 | Maple Grove | $1,673 |
| 17 | Minnetonka | $1,672 |
| 18 | Lakeville | $1,666 |
| 19 | Apple Valley | $1,663 |
| 20 | Plymouth | $1,663 |
| 21 | Eagan | $1,661 |
| 22 | Shakopee | $1,642 |
| 23 | Rochester | $1,639 |
| 24 | Moorhead | $1,504 |
| 25 | Mankato | $1,474 |
| Find the Best Rates Go | ||
Premium amounts are approximated as the specific area where the vehicle is garaged can decrease or increase coverage prices considerably.
Deciding which companies quote the cheapest car insurance rates after a speeding ticket calls for a little more work in order to find the best policy. Every auto insurer has a unique approach for filing rates in each state, so let’s examine the most affordable car insurance companies in Minnesota.
It’s important that readers know that Minneapolis car insurance rates are based on many factors that will increase or decrease the policy premium. Improving your credit rating, moving to a different location, or having a fender bender can cause premium changes that can now make some companies affordable when they were higher priced.
Best Insurance Companies with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $661 |
| 2 | Farm Bureau Mutual | $813 |
| 3 | USAA | $823 |
| 4 | Western National | $928 |
| 5 | The Hartford | $954 |
| 6 | West Bend Mutual | $972 |
| 7 | Allied | $1,210 |
| 8 | State Farm | $1,250 |
| 9 | California Casualty | $1,264 |
| 10 | American Family | $1,280 |
| 11 | Auto-Owners | $1,295 |
| 12 | General Casualty | $1,313 |
| 13 | Farmers | $1,351 |
| 14 | Auto Club Group | $1,380 |
| 15 | North Star | $1,390 |
| 16 | Progressive | $1,405 |
| 17 | Nationwide | $1,406 |
| 18 | Allstate | $1,437 |
| 19 | Country | $1,455 |
| 20 | MetLife | $1,581 |
| Find Cheaper Rates Go | ||
Travelers normally has some of the best car insurance rates in Minneapolis at around $661 each year. This is $760 less than the average policy premium paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, Western National, and The Hartford also make the cut as some of the cheapest Minneapolis, MN auto insurance companies.
As shown above, if you have coverage with Western National and switched to Farm Bureau Mutual, you could see an annual premium reduction of in the neighborhood of $115. Drivers with The Hartford may save as much as $141 a year, and West Bend Mutual policyholders might lower prices by up to $159 a year.
To find the cheapest coverage for you, click here to start a quote or quote prices from the following companies.
Bear in mind that those policy rates are averages across all types of insureds and vehicles and and are not figured with a specific vehicle garaging location after a speeding ticket. So the car insurance company that is best suited for you may not even be in the top 24 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
The information below demonstrates how deductible levels can affect insurance prices when searching for cheap insurance after a speeding ticket. The rate quotes are based on a married female driver, full coverage, and no discounts are applied.
A 30-year-old driver could pocket $252 a year by changing from a $100 deductible up to a $500 deductible, or save $380 by selecting a $1,000 deductible. Even younger insureds, like the age 20 example, could potentially save up to $538 every year by choosing larger deductibles on their policy. When insureds make the decision to increase the deductibles on their policy, it will be required to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Picking the highest-rated insurance provider can be challenging considering how many different companies there are to choose from in Minneapolis. The company information in the lists below could help you analyze which auto insurance companies you want to consider to insure your vehicles. The rankings below include the largest companies in America, so companies without a large exposure are not factored into this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
A good deal can quickly turn bad
Minneapolis, MN car insurance rates are based on many factors that control the price of your policy. Simply having a birthday, having a teenage driver, or getting a few speeding tickets can trigger changes in premium that can cause some rates to be cheaper in comparison to the competition. Not only may your risk profile change, but companies change the rates they charge in Minnesota without warning in order to offset underwriting gains or losses. Larger than normal claims can cause additional price hikes, while a better loss history may produce more affordable Minneapolis car insurance rates.
For example, the chart below demonstrates which company has the cheapest car insurance in Minneapolis, MN for a 30-year-old female driver with a clean driving record, no accidents, and great credit. When comparing rates based on her personal profile, Travelers quotes the cheapest car insurance rates in Minneapolis at $869 a year. This is $552 less than the average rate paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, The Hartford, and Western National are also included in the cheapest Minneapolis, MN auto insurance companies.
In this example, we will give the driver from above an accident claim, a little lower credit rating, and a speeding citation. Due to the fact that each insurance company uses their own method for setting rates, comparing insurance quotes may result in a different set of companies as shown below.
Farm Bureau Mutual now has the best auto insurance rate in Minneapolis with USAA, Allied, State Farm, and American Family also having competitive pricing. This example demonstrates why consumers need to take the time to compare rates to get the best insurance rates after a speeding ticket. Rates are impacted by many factors and can increase or decrease at any time, so the cheapest option the last time you shopped your coverage around may now be costing you a lot of money.
The Minneapolis car insurance agencies listed below are willing to help you make a decision which policy fits your needs best, since some drivers have questions and prefer to have a little guidance when comparing insurance rates after a speeding ticket. It can be time-consuming to find the cheapest auto insurance company, so getting advice from a licensed Minnesota insurance agent can give you comfort knowing your coverage gives you adequate asset protection. To find an agent nearest to you, click the button following the list or click here to compare price quotes.
- Minneapolis St. Paul Agency Insurance and Risk Management
2469 University Ave W – St Paul, MN 55114 – (651) 647-9665 - Jerry Vang – State Farm Insurance Agent
701 4th Ave S #220 – Minneapolis, MN 55415 – (612) 338-6400 - Landreau Insurance Group Inc
2615 E Franklin Ave – Minneapolis, MN 55406 – (612) 276-7035 - State Farm Insurance: Karl Herman
3017 W 56th St – Minneapolis, MN 55410 – (612) 455-8844