The words “low-priced” and “insurance” really don’t belong together, in particular when comparison shopping for the best car insurance rates for uninsured drivers. Let’s familiarize you with a few of the factors that determine auto insurance rates, and find a way to shave a little off the next policy you buy.
One of the more important criteria that help determine the cost of insurance is where your car is garaged in Minneapolis. Larger areas will most likely have higher rates, whereas areas that tend to be more rural can boast about having cheaper rates.
The table below lists the most expensive places in Minnesota for uninsured drivers to buy auto insurance in. Minneapolis is listed at #1 with a yearly premium of $2,058 for the average insurance policy, which is approximately $172 monthly.
|Rank||City||Average Per Year|
|12||Saint Louis Park||$1,720|
|Find Cheaper Insurance Go|
Price information shown is estimated as the garaging address in Minneapolis can raise or lower insurance rates considerably.
The type of vehicle requiring insurance is a large consideration when shopping for economical auto insurance for uninsured drivers. Vehicles with limited top-end speed, a great safety record, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models.
The information below ranks coverage premiums for some of the most affordable automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,422|
|Ford Edge SE 2WD||$1,565|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,598|
|Honda CR-V EX 2WD||$1,630|
|Hyundai Elantra GLS Touring Station Wagon||$1,638|
|Chevrolet Malibu Hybrid||$1,687|
|Ford Explorer Eddie Bauer 4WD||$1,720|
|Chevrolet Silverado LS Crew Cab 4WD||$1,806|
|Chevrolet Impala LS||$1,890|
|Ford Focus S 4-Dr Sedan||$1,899|
|Dodge Grand Caravan CV||$1,952|
|Ford F-150 FX2 Super Cab 2WD||$1,958|
|Toyota Corolla XLE||$2,031|
|Toyota Camry SE||$2,041|
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in vehicle garaging location which can decrease or increase prices considerably.
Looking at the numbers, we can tell that cars like the Ford Escape, Ford Edge, Toyota Prius, Jeep Wrangler, and Honda CR-V are most likely going to be some of the most budget-friendly vehicles to insure for drivers with no prior coverage.
Finding good, low-cost insurance is not easy, and deciding which companies have the most affordable car insurance rates for uninsured drivers will require a bit more work.
Each auto insurance company uses their own calculation to determine premium rates, so let’s rank the car insurance companies with the overall cheapest rates in Minneapolis. It’s a good idea to be aware that Minnesota car insurance rates are impacted by many factors which can substantially decrease or increase the cost of a policy. This is why Minneapolis drivers need to do a thorough rate comparison to get the most budget-friendly insurance quotes for uninsured drivers. Prices are determined by many different factors and change dramatically, so the most economical company when you last compared rates may now be one of the more expensive options.
Cheapest Insurance Rates in Minnesota
|Rank||Company||Cost Per Year|
|2||Farm Bureau Mutual||$829|
|5||West Bend Mutual||$943|
|13||Auto Club Group||$1,339|
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Travelers has some of the cheapest car insurance rates in Minneapolis at around $647 annually. This is $774 less than the average price paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, Western National, and West Bend Mutual also are some of the cheaper Minneapolis, MN insurance companies.
In this example, if you currently have a policy with Western National and switched to Travelers, you may realize a yearly price reduction of roughly $290. Drivers with West Bend Mutual may save as much as $296 a year, and The Hartford customers might realize rate reductions of up to $307 a year.
To see if your current coverage is too expensive, click here to start your free quote or click through to the companies below.
Be aware that those prices are averages across all drivers and vehicles in Minnesota and do not take into consideration an exact zip code location for uninsured drivers. So the company that is best suited for you may not even be in the top 24 companies shown above. That point stresses why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
How careless driving impacts car insurance rates
In a perfect world, the best way to enjoy the cheapest car insurance prices in Minnesota for drivers with no prior coverage is to be an attentive driver and avoid accidents and violations. The information below highlights how traffic violations and accident claims can drive up car insurance rates for different insured age categories. Data assumes a single male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,027. Get written up for one speeding ticket and the average cost hikes up to $2,280, an increase of $253 each year. Then include one accident along with the one speeding ticket and the 12-month cost of car insurance for uninsured drivers increases to an average of $3,002. That’s an increase of $975, or $81 per month, just for not driving carefully!
Finding the best auto insurance company is hard considering how many choices drivers have in Minneapolis. The ranking information shown below may help you decide which insurers you want to consider putting your business with. These ratings are only made up of the largest companies in the United States, so companies that only write business in Minnesota or surrounding areas are not factored into this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The diagram below highlights how deductible choice can impact insurance prices when trying to find cheap insurance for uninsured drivers. The premium estimates are based on a single male driver, comp and collision included, and no other discounts are factored in.
A 30-year-old driver could pocket $292 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $442 by using a $1,000 deductible. Even younger insureds, like the age 20 example, could save $856 or even more by choosing a higher deductible. If you do decide to increase your deductibles, it is important to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
If you like to have the advice of a professional agent when comparing insurance rates for drivers with no prior coverage, the agents shown below are willing to provide answers to your questions and help you determine which coverages you need. To locate a Minneapolis auto insurance agent near you, click the button at the bottom.
State Farm: Brandon Walter
222 S 9th St #270 – Minneapolis, MN 55402 – (612) 843-8444
Allstate Insurance: Mohamud Isse
331 E Lake St – Minneapolis, MN 55408 – (612) 353-6667
Farmers Insurance – Mark Hansen
6001 Portland Ave – Minneapolis, MN 55417 – (612) 869-7760
Farmers Insurance – Natalie Fox
210 N 2nd St #70 – Minneapolis, MN 55401 – (612) 208-0276