Remarkably, a study showed that a large majority of car insurance policyholders have remained with the same car insurance company for over three years, and nearly the majority have never even compared rates from other companies. The average driver in Minnesota could pocket $1,039 a year just by getting comparison quotes, but most just don’t grasp the big savings they would realize if they swap their current policy for a cheaper one.
If saving money is your primary concern, then the best way to get budget Chevy Avalanche insurance is to compare quotes annually from companies in Minneapolis. You can compare rates by completing these steps.
- Step 1: Get an understanding of the different coverages in a policy and the modifications you can make to keep rates low. Many risk factors that cause high rates like distracted driving and a poor credit score can be remedied by being financially responsible and driving safely.
- Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while independent agents can quote rates for a wide range of insurance providers.
- Step 3: Compare the new rate quotes to the price on your current policy and determine if cheaper Avalanche coverage is available. If you find a better price, make sure coverage is continuous and does not lapse.
A valuable tip to remember is that you use the same level of coverage on every quote and to quote with as many car insurance companies as possible. This guarantees a level playing field and a thorough selection of prices.
Buying the cheapest auto insurance in Minneapolis seems hard but is not really that difficult. If you have insurance now, you should be able to find the best rates using the ideas you’re about to read. But Minnesota consumers do need to learn the way companies sell online and use it to find better rates.
The are a couple different ways to compare rate quotes from local Minneapolis insurance companies. The best way to lower the rate you pay for Chevy Avalanche insurance is to perform an online rate comparison. Just remember that comparing more rates from different companies provides better odds of finding the best offered rates. Some smaller insurers do not give Minneapolis Avalanche insurance quotes online, so you should also compare quotes from those companies as well.
The companies in the list below are our best choices to provide price quotes in Minnesota. If you want cheap car insurance in Minneapolis, it’s a good idea that you compare several of them to get the lowest price.
Chevy Avalanche detailed coverage information
The table shown below covers detailed analysis of rate quotes for Chevy Avalanche models. Having knowledge of how insurance policy premiums are determined can assist in making decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Avalanche LS 2WD||$132||$216||$372||$22||$112||$854||$71|
|Avalanche LT 2WD||$132||$254||$372||$22||$112||$892||$74|
|Avalanche LS 4WD||$132||$254||$372||$22||$112||$892||$74|
|Avalanche LT 4WD||$132||$254||$372||$22||$112||$892||$74|
|Avalanche LTZ 2WD||$146||$254||$372||$22||$112||$906||$76|
|Avalanche LTZ 4WD||$146||$254||$372||$22||$112||$906||$76|
|Get Your Own Custom Quote Go|
Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Price information does not factor in specific zip code location which can alter auto insurance rates considerably.
Price comparison of only insuring for liability
The illustration below compares Chevy Avalanche premium costs when comparing full coverage to state minimum liability only. The premiums assume no accidents, no driving violations, $250 deductibles, single status, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no exact rule that works best for making the decision to drop physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s say your Chevy Avalanche claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after you pay the deductible. If it’s costing in excess of $200 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Three reasons auto insurance is important
Despite the high cost of buying insurance for a Chevy Avalanche in Minneapolis, insuring your vehicle is mandatory in Minnesota but it also protects more than you think.
First, almost all states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability protection in order to get the vehicle licensed. 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 you have a lien on your car, it’s guaranteed your bank will make it a condition of the loan that you buy insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Chevy at a much higher rate and require you to fork over much more than you were paying before.
Third, auto insurance preserves your Chevy and your assets. It will also provide coverage for most medical and hospital costs incurred in an accident. Liability insurance also covers legal expenses in the event you are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance are definitely more than the cost, particularly if you ever have a claim. Despite what companies tell you, the average driver is currently overpaying as much as $700 annually so compare rate quotes at every renewal to save money.
Choices You Make Can Impact Your Insurance Rates
It’s important that you understand a few of the rating criteria that play a part in calculating your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that could result in lower car insurance prices. Many things are part of the equation when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, but other criteria are not quite as obvious such as your credit history or your commute time.
The factors shown below are just a few of the factors utilized by car insurance companies to help set your prices.
- Safer vehicles cost less to insure – Safer cars tend to be cheaper to insure. These vehicles reduce injuries and better occupant protection translates into savings for insurance companies passed on to you as lower rates.
- Deter vehicle theft – Choosing a vehicle with advanced anti-theft systems can earn a premium discount. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
- You might want pay the minor insurance claims yourself – If you tend to file frequent claims, don’t be surprised to see either higher rates or even cancellation. Insurance companies in Minnesota provide the best rates to drivers who are not frequent claim filers. Insurance coverage is intended for claims that pose a financial burden.
- City dwellers may pay more – Being located in areas with lower population can be a good thing when it comes to car insurance. Drivers who live in large cities regularly have more auto accidents and longer commute times. Lower population translates into fewer accident claims in addition to fewer liability claims.
Are you male or female? – Over the last 30 years, statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that men are worse drivers. Women and men cause accidents in similar numbers, but the male of the species cause more damage. They also get more serious tickets like DWI (DUI) or reckless driving.
The information below shows the comparison of Chevy Avalanche insurance premiums for male and female drivers. The prices are based on no accidents, no driving violations, comp and collision included, $500 deductibles, drivers are not married, and no discounts are applied.
Tickets and citations cost more than a fine – Even one speeding ticket can increase rates twenty percent or more. Careful drivers tend to pay less for car insurance than their less careful counterparts. Drivers who have gotten flagrant violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to prevent a license revocation.
The information below illustrates how traffic citations and at-fault claims influence Chevy Avalanche insurance premiums for each age group. The prices are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
What type of car do you drive? – The type of vehicle you are trying to find cheaper insurance for makes a substantial difference in determining your rates. The best insurance prices will generally be found on lower performance four cylinder passenger cars, but the final cost of insurance is determined by many other factors.
The following chart is based on a single female driver age 50, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Chevrolet Avalanche policy rates compared to other makes and models that have different risk factors.
What is the best car insurance company in Minnesota?
Selecting a highly-rated insurance provider can be a challenge considering how many companies sell insurance in Minneapolis. The company rank data in the next section may help you analyze which coverage providers you want to consider to insure your vehicles.
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+
Top 10 Minneapolis Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Liberty Mutual
One last thing about your coverage
Drivers who switch companies do it for a variety of reasons including lack of trust in their agent, policy non-renewal, denial of a claim and extreme rates for teen drivers. No matter why you want to switch, finding a great new company is less work than it seems.
We’ve covered some good ideas how you can compare Chevy Avalanche insurance premium rates in Minneapolis. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding cheaper Minneapolis car insurance quotes. Consumers could even find that the most savings is with a small local company.
Affordable Chevy Avalanche insurance in Minneapolis can be sourced from both online companies and with local Minneapolis insurance agents, so you need to quote Minneapolis car insurance with both to get a complete price analysis. Some insurance companies do not provide online price quotes and these small insurance companies provide coverage only through independent agents.
To learn more, feel free to visit the resources below:
- Rental Car Insurance Tips (Insurance Information Institute)
- How Much are Auto Insurance Rates for Young Drivers in Minneapolis? (FAQ)
- Who Has Affordable Car Insurance Rates for Lyft Drivers in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance for a Hyundai Sonata? (FAQ)
- Determining Auto Insurance Rates (GEICO)
- Auto Insurance Learning Center (State Farm)
- Child Safety FAQ (iihs.org)