Who Has the Cheapest Car Insurance Quotes for Inexperienced Drivers in Minneapolis?

Deciding which companies quote the lowest-priced car insurance rates for inexperienced drivers requires a little more work than just picking a company at random. Each insurance company has their own process for determining prices, so we will examine the most budget-friendly car insurance companies in Minneapolis, MN.

It’s important that you understand Minnesota car insurance rates are determined by lots of factors that can increase the cost of having a policy. Simply turning a year older, buying a different vehicle, or having a fender bender can trigger rate changes that can cause some rates to be affordable when they were higher priced.

Cheapest Insurance Rates for Newbies

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Minnesota auto insurance company rankings
Rank Company Cost Per Year
1 Travelers $667
2 Farm Bureau Mutual $805
3 USAA $807
4 Western National $910
5 The Hartford $954
6 West Bend Mutual $972
7 Allied $1,174
8 California Casualty $1,214
9 State Farm $1,226
10 American Family $1,268
11 Auto-Owners $1,295
12 General Casualty $1,313
13 Farmers $1,365
14 Auto Club Group $1,380
15 North Star $1,404
16 Nationwide $1,420
17 Progressive $1,463
18 Country $1,470
19 Allstate $1,481
20 MetLife $1,534
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Travelers has some of the lowest car insurance rates in Minneapolis at around $667 annually. Farm Bureau Mutual, USAA, Western National, and The Hartford also qualify as some of the lowest-priced Minneapolis, MN auto insurance companies.

As illustrated above, if you are insured with Western National and switched to Travelers, you could see an annual savings of in the vicinity of $243. Policyholders with The Hartford might save as much as $287 a year, and West Bend Mutual policyholders might reduce rates by $305 a year.

Understand that those premiums are averaged across all types of insureds and vehicles and are not factoring in a specific vehicle garaging location for inexperienced drivers. So the company that fits your needs best may not even be in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

The make and model of vehicle to be insured is one of the biggest factors when looking for low-cost insurance for inexperienced drivers. Vehicles with limited top-end speed, a plethora of safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models.

The data below outlines insurance costs for some of the most economical vehicles to insure in Minnesota.

Cheapest Vehicles to Insure in Minneapolis, MN
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $1,427
Honda Accord EX-L 4-Dr Sedan $1,513
Dodge Grand Caravan CV $1,567
Ford Edge SEL AWD $1,621
Ford Escape XLT 4WD $1,639
Toyota RAV4 Limited 4WD $1,653
Toyota Corolla XRS $1,771
Nissan Altima Hybrid 4-Dr Sedan $1,781
Hyundai Sonata GLS 4-Dr Sedan $1,774
Ford Explorer XLT 2WD $1,795
Dodge Ram Quad Cab TRX4 Off Road 2WD $1,806
Chevrolet Silverado 3500HD LTZ Crew Cab 2WD $1,835
Chevrolet Silverado Crew Cab Hybrid 4WD $1,889
Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD $1,899
Toyota Prius $1,902
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in garaging location in Minneapolis, MN which can revise insurance rates greatly.

By looking at the data, we can infer that cars like the Honda CR-V, Honda Accord, Dodge Grand Caravan, Ford Edge, and Ford Escape are some of the most budget-friendly vehicles to insure for new drivers.

One of the more important criteria that are looked at to determine the amount you pay for auto insurance is where you live. Areas with high crime rates or more dense population will most likely pay more, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.

The next table lists the highest-priced areas in Minnesota for inexperienced drivers in which to purchase auto insurance. Minneapolis ranks #1 with an annual cost of $2,079 for the average insured, which is about $173 per month.

How much does car insurance cost in Minneapolis, MN?
Rank City Annual Premium
1 Minneapolis $2,079
2 Saint Paul $2,049
3 Maplewood $2,045
4 Coon Rapids $1,809
5 Bloomington $1,809
6 Richfield $1,760
7 Brooklyn Park $1,744
8 Plymouth $1,731
9 Blaine $1,731
10 Woodbury $1,731
11 Duluth $1,724
12 Eagan $1,712
13 Edina $1,707
14 Saint Louis Park $1,702
15 Maple Grove $1,690
16 Minnetonka $1,672
17 Lakeville $1,666
18 Apple Valley $1,663
19 Burnsville $1,658
20 Eden Prairie $1,655
21 Shakopee $1,642
22 Rochester $1,639
23 Saint Cloud $1,636
24 Moorhead $1,504
25 Mankato $1,474
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Table data uses approximated as zip code location can influence coverage rates significantly.

Reckless driving habits raise car insurance rates

In a perfect world, the ideal way to earn good car insurance prices in Minnesota for new drivers is to drive safe and not have accidents or get tickets. The chart below demonstrates how traffic citations and at-fault collisions can affect car insurance rates for different ages of insureds. Data assumes a married female driver, full coverage, $100 deductibles, and no discounts are factored in.

In the chart above, the average cost of auto insurance in Minnesota per year with no accidents or violations is $1,405. Factor in one speeding ticket and the average cost surges to $1,634, an increase of $229 each year. Now include one accident along with the one speeding ticket and the 12-month cost of car insurance for inexperienced drivers goes up to an average of $2,279. That’s an increase of $874, or $73 per month, just for not being attentive to the road!

Choosing the highest-rated car insurance provider is difficult considering how many choices there are in Minnesota. The ranking data shown next may help you decide which companies to look at to insure your vehicles. These ratings are for companies that insure vehicles across America, so smaller regional companies are not included in this list.

Best Ten Car Insurance Companies for Inexperienced Drivers in Minneapolis
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
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Data Source: Insure.com Best Car Insurance Companies

Your cheap policy may actually be overpriced

Minneapolis car insurance rates are based on many factors that control the cost of a policy. Getting older, becoming a homeowner, or getting a few speeding tickets may prompt premium changes resulting in some rates now being more affordable than before.

Not only may your situation change, but car insurance companies change premium rates at least once a year to adjust for unexpected claims or profits. Significantly higher losses may result in higher priced premiums, while a profitable period may produce lower-cost Minneapolis car insurance rates.

For instance, the chart below shows which companies have the cheapest car insurance in Minneapolis, MN for a 45-year-old female driver with a clear driving record, no claims, and a good credit history. When quoting prices based on her current rating profile, Travelers may offer the cheapest car insurance rates in Minneapolis at $886 a year. This is $535 less than the average price paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, Western National, and The Hartford are the remaining top five cheapest Minneapolis, MN auto insurance companies.

Let’s now give the driver from the first rate comparison an accident claim, less-than-perfect credit, and a speeding citation. Due to the fact that every insurance company has their own process to establish rates, comparing quotes may now show a different list of affordable companies as shown below.

Farm Bureau Mutual now has the lowest price in Minneapolis, MN with USAA, Allied, State Farm, and Western National also having competitive pricing. This example proves why it is crucial to perform an extensive rate comparison to get the most budget-friendly car insurance quotes for inexperienced drivers.

Insurance rates are made up of many things and can change without notice, so the most affordable company the last time you checked may now be an over-priced policy.

The insurance agencies listed below can probably answer your questions and help you decide which policy fits your needs best, as lots of drivers aren’t clear which coverage they need and would like to get some help when buying car insurance for new drivers. It can be challenging to find coverage yourself, so getting advice from a licensed Minnesota insurance agent can provide you peace of mind knowing you have sufficient coverage for your assets. To find a Minneapolis insurance agency near you, click the link after the list or click here to get price quotes now.

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Tips to find more affordable auto insurance for inexperienced drivers

It is possible to find better rates, and here are many thrifty ideas that can help Minneapolis drivers find cheap coverage.

The last tip in the list is highly significant, as we pointed out in the article above. Prices charged by auto insurers adjust frequently, so drivers shouldn’t hesitate to buy from a different company if you can save money.

Staying with the same company for years is fine, but we do not recommend it if that faithfulness ends up costing you hundreds every year. Now is a great time to compare prices and find cheaper auto insurance for inexperienced drivers in Minneapolis.