If saving the most money is your goal, then the best way to save money on car insurance rates in Minneapolis is to begin comparing prices regularly from insurers that sell auto insurance in Minnesota.
Step 1: Learn about what is in your policy and the things you can change to drop your rates. Many policy risk factors that cause high rates like accidents, traffic violations, and poor credit history can be remedied by improving your driving habits or financial responsibility.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or State Farm, while independent agents can quote rates from multiple sources.
Step 3: Compare the quotes to your current policy premium to see if cheaper Captiva Sport coverage is available in Minneapolis. If you find better rates and switch companies, make sure coverage is continuous and does not lapse.
One thing to remember is that you’ll want to make sure you compare the same amount of coverage on every price quote and and to compare every insurance company. Doing this guarantees a fair rate comparison and a complete price analysis.
It’s an obvious conclusion that car insurance companies don’t want customers comparing rates. Insureds who compare rates once a year are inclined to switch companies because of the high probability of finding lower rate quotes. A recent survey revealed that drivers who routinely shopped for cheaper coverage saved approximately $3,500 over four years as compared to drivers who didn’t regularly shop around.
If finding low prices for Chevy Captiva Sport insurance is your ultimate goal, then understanding the best way to compare cheaper coverage can help make the process easier and more efficient.
Choosing the best rates in Minneapolis is actually very simple if you learn how to start. If you are already insured, you will definitely be able to shop for the lowest rates using this strategy. Comparison shoppers only need to know the most efficient way to get comparison quotes from many different companies online.
Finding a lower price on insurance is surprisingly easy. The only requirement is to invest a little time comparing rate quotes from some recommended companies.
Online shopping is fast and free, and it makes it obsolete to drive around to all the different Minneapolis insurance agencies. Comparing Chevy Captiva Sport insurance rate quotes online eliminates the middleman unless you have a complicated situation and need the trained guidance of an agent trained in personal lines coverage. If you prefer, some companies allow you to compare online quotes but have your policy serviced through an agent.
The companies shown below can provide free rate quotes in Minnesota. If you wish to find cheaper auto insurance in MN, we suggest you get price quotes from several of them in order to find the most competitive rates.
Three reasons to insure your Captiva Sport
Despite the high cost of buying insurance for a Chevy Captiva Sport in Minneapolis, insurance serves several important purposes.
First, most states have minimum liability requirements which means you are required to carry specific minimum amounts of liability in order to be legal. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Captiva Sport has a loan, more than likely the lender will stipulate that you have insurance to guarantee payment of the loan. If you do not pay your insurance premiums, the bank will be required to insure your Chevy at a much higher premium rate and force you to pay for the expensive policy.
Third, insurance safeguards both your assets and your Chevy Captiva Sport. It also can pay for all forms of medical expenses that are the result of an accident. Liability coverage will also pay for a defense attorney if you are named as a defendant in an auto accident. If your Chevy gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of insuring your Captiva Sport definitely exceed the price paid, especially if you ever need it. The average driver in America is currently overpaying as much as $869 every year so smart consumers compare quotes each time the policy renews to save money.
How to Lower Your Insurance Premiums
Consumers need to have an understanding of some of the things that go into determining the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that may reward you with big savings.
The items below are some of the things used by companies to determine your premiums.
- Can a thief steal your car? – Buying a car with a theft deterrent system can get you a discount on your auto insurance. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop vehicle theft.
- Rates impacted by vehicle usage – The more you drive your Chevy in a year’s time the higher the price you pay to insure it. The majority of insurers apply a rate based upon how you use the vehicle. Autos used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. Double check that your policy states the correct driver usage. Improper usage on your Captiva Sport can result in significantly higher rates.
- Compare rates if you bundle your policies – Some companies will award a discount to customers that purchase more than one policy such as combining an auto and homeowners policy. The amount of the discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, it’s in your best interest to comparison shop to help ensure you have the lowest rates. You may still save more without the discount by buying auto insurance from a different company.
- Teenagers are high risk – More experienced drivers tend to be more responsible, statistically cause fewer accidents, and tend to be get fewer driving tickets. Young drivers are statistically proven to get distracted easily when at the wheel of a vehicle therefore auto insurance rates are much higher.
- Better credit means lower prices – An insured’s credit score can be a huge factor in determining what you pay for auto insurance. People that have excellent credit scores tend to be better risks to insure than those with poor credit scores. If your credit rating leaves room for improvement, you could potentially save money when insuring your Chevrolet Captiva Sport by improving your credit score.
- Marriage can lower premiums – Being married may earn you lower rates on auto insurance. Marriage generally demonstrates drivers are more mature and responsible and it’s proven that married couples file fewer claims.
- Incidental coverages that may not be needed – There are many add-on coverages that can waste your money when buying auto insurance. Coverage for things like personal injury protection, better glass coverage, and extra equipment coverage are probably not needed. The coverages may be enticing when deciding what coverages you need, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
- City traffic equals higher premiums – Being located in a small town can be a good thing if you are looking for the lowest rates. Urban drivers have congested traffic and much longer commute distances. Fewer drivers means reduced accidents as well as less vandalism and auto theft.
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Insurance loss probability for a Chevy Captiva Sport – Insurers analyze historical claim data as a tool for profitable underwriting. Models that historically have high amounts or severity of claims will cost more for specific coverages.
The table below demonstrates the actual insurance loss data for Chevy Captiva Sport vehicles. For each coverage type, the claim probability for all vehicles averaged together is represented as 100. Values that are 100 or less represent a good loss history, while percentage values above 100 indicate frequent claims or a tendency for losses to be larger than average.
Insurance Loss Ratings for Chevrolet Captiva Sport Vehicles Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Captiva Sport 4dr 2WD 89 95 88 123 115 105 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Save money on Chevy Captiva Sport insurance in Minneapolis with these discounts
Some companies don’t list the entire discount list very well, so we took the time to find both well-publicized and also the lesser-known ways to save on car insurance.
- Drive Less and Save – Driving fewer miles could qualify for better rates on cars that stay parked.
- Discount for Life Insurance – Select insurance companies reward you with lower prices if you buy life insurance from them.
- Defensive Driver Discount – Participating in a course teaching safe driver skills could cut 5% off your bill and easily pay for the cost of the class.
- Professional Memberships – Being in certain professional organizations may earn a discount on your bill.
- Service Members Pay Less – Having an actively deployed family member could qualify you for better car insurance rates.
- Minneapolis Homeowners Discount – Owning a house in Minneapolis may earn you a small savings because owning a home demonstrates responsibility.
Discounts lower rates, but most discounts do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think adding up those discounts means a free policy, car insurance companies aren’t that generous.
To see a list of companies that offer many of these discounts in Minneapolis, click here.
Local agents and auto insurance
Many drivers would prefer to sit down with an agent and that can be a smart move Good insurance agents are highly skilled in risk management and give you someone to call. The biggest benefit of comparing rates online is you may find lower rates and still buy from a local agent.
For easy comparison, once you complete this form (opens in new window), your coverage information is sent to agents in your area who will give you bids and help you find cheaper coverage. You don’t have to even leave your home because quoted prices will be sent immediately to you. If you want to quote rates from a particular provider, you can always navigate to their website and fill out their quote form.
Choosing an provider is decision based upon more than just a cheap price quote. Get answers to these questions too.
- Do the agents have professional certifications like CPCU or CIC?
- Are aftermarket or OEM parts used to repair vehicles?
- Are they in the agency full-time?
- How long have they been in business?
- What company holds the largest book of business for them?
- Is the agent and/or agency licensed to do business in Minnesota?
How to choose the best car insurance agent in Minneapolis
If you want to buy auto insurance from a local agent, it can be helpful to understand the types of insurance agents and how they can service your needs differently. Minneapolis agents may be either exclusive or independent agents depending on their company appointments. Both types can do a good job, but it’s important to know the differences since it may influence your selection of an agent.
Exclusive Agencies
Agents that elect to be exclusive can only provide pricing for a single company like AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot place coverage with different providers so keep that in mind. They receive a lot of sales training on what they offer which aids in selling service over price.
The following are exclusive insurance agents in Minneapolis who may provide you with price quotes.
Farmers Insurance – Gretchen Frana
5445 S 28th Ave – Minneapolis, MN 55417 – (612) 724-4309 – View Map
Allstate Insurance: Lois A. Castaneda
127 W Grant St, # C – Minneapolis, MN 55403 – (612) 871-6830 – View Map
AAA Minneapolis Insurance
5400 Auto Club Way – Minneapolis, MN 55416 – (952) 927-2518 – View Map
Independent Insurance Agents
Independent agencies do not work for one specific company and that gives them the ability to insure with multiple insurance companies enabling the ability to shop coverage around. To move your coverage to a new company, the agent simply finds a different carrier and you can keep the same agent. When comparison shopping, we highly recommend that you get several quotes from at least one independent agent to get the best comparison.
Listed below is a short list of independent agents in Minneapolis that can give you price quotes.
Semlak Miernicki Insurance Agency
2657 Dupont Ave S – Minneapolis, MN 55408 – (612) 208-0873 – View Map
TCF Agency Insurance Services Inc
801 S Marquette Ave – Minneapolis, MN 55402 – (612) 661-8400 – View Map
Germain Insurance Agency
315 W 46th St – Minneapolis, MN 55419 – (612) 822-7983 – View Map
Once you have good answers in addition to an acceptable price estimate, you’ve probably found an insurance agent that is reliable enough to properly insure your vehicles.
Ratings for Minneapolis car insurance companies
Choosing a highly-rated company is difficult considering how many companies provide coverage in Minnesota. The ranking information in the next section may help you choose which providers to look at comparing rates from.
Top 10 Minneapolis Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Mercury Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Cover all your bases
In this article, we presented a lot of information how to find affordable Chevy Captiva Sport insurance in Minneapolis. The key concept to understand is the more companies you get rates for, the better chance you’ll have of finding the cheapest Chevrolet Captiva Sport rate quotes. Drivers may even discover the lowest prices are with the least-expected company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.
Low-cost Chevy Captiva Sport insurance in Minneapolis can be bought on the web and also from your neighborhood Minneapolis agents, and you need to price shop both to have the best rate selection. Some insurance providers do not offer price quotes online and most of the time these small, regional companies only sell through local independent agencies.
As you shop your coverage around, don’t be tempted to skimp on coverage in order to save money. There have been many situations where an insured dropped uninsured motorist or liability limits and discovered at claim time that it was a big error on their part. Your focus should be to get the best coverage possible for the lowest cost while not skimping on critical coverages.
More information can be read at these links:
- Understanding Rental Car Insurance (Insurance Information Institute)
- What Car Insurance is Cheapest for a Ford Escape in Minneapolis? (FAQ)
- Who Has Affordable Auto Insurance Rates for 16 Year Olds in Minneapolis? (FAQ)
- Who Has the Cheapest Minneapolis Car Insurance for Drivers with a Bad Driving Record? (FAQ)
- How Much are Car Insurance Rates for Safe Drivers in Minneapolis? (FAQ)
- How to Avoid Staged Accidents (State Farm)
- Information for Teen Drivers (GEICO)
- Electronic Stability Control FAQ (iihs.org)
- Credit Impacts Car Insurance Rates (State Farm)