It’s hard to believe, but a large majority of auto insurance policyholders have purchased from the same company for at least the last four years, and nearly 40% of drivers have never compared auto insurance rates at all. Drivers in Minneapolis could save almost 50% a year, but most undervalue the benefits if they moved their coverage to a different company.
To save the most money, the best way to save on Dodge Durango insurance in Minneapolis is to make a habit of comparing prices annually from different companies that sell auto insurance in Minnesota.
- Step 1: Take a few minutes and learn about how auto insurance works and the changes you can make to prevent rate increases. Many rating factors that result in higher rates like traffic violations, accidents, and an unacceptable credit rating can be rectified by making minor changes in your lifestyle.
- Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can give you price quotes from multiple insurance companies.
- Step 3: Compare the new rate quotes to your existing rates and see if you can save money. If you find better rates and decide to switch, make sure there is no coverage gap between policies.
One key aspect of rate comparisons is to try to compare the same coverage limits and deductibles on each quote request and and to get rate quotes from as many carriers as you can. This ensures a fair rate comparison and and a good selection of different prices.
Our goal is to let you in on the best methods to compare rates and also pocket some savings If you currently have a car insurance policy, you will be able to save money using the ideas covered in this article. But Minnesota consumers need to have an understanding of how the larger insurance companies calculate their prices and apply this information to your search.
Save money with these discounts on Dodge Durango insurance in Minneapolis
Car insurance is expensive, but you can get discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time you complete a quote, but a few must be asked about prior to getting the savings.
- Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
- Distant College Student Discount – Kids living away from Minneapolis attending college and do not take a car to college could qualify for this discount.
- ABS and Traction Control Discounts – Cars, trucks, and SUVs with ABS braking systems or traction control are much safer to drive and the ABS can save up to 10%.
- Anti-theft System – Anti-theft and alarm system equipped vehicles help deter theft and will qualify for a discount on a Minneapolis auto insurance quote.
- Accident Waiver – Not necessarily a discount, but certain companies will turn a blind eye to one accident without the usual rate increase if you have no claims for a specific time period.
- Driver Safety – Taking a class that teaches defensive driver techniques could save 5% or more and easily recoup the cost of the course.
As a disclaimer on discounts, most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like you would end up receiving a 100% discount, that’s just not realistic.
Larger car insurance companies and their offered discounts are:
- GEICO includes discounts for anti-theft, federal employee, multi-policy, military active duty, driver training, air bags, and five-year accident-free.
- USAA discounts include vehicle storage, loyalty savings, annual mileage, multi-vehicle, military installation, and driver training.
- Progressive may include discounts for multi-vehicle, good student, homeowner, multi-policy, and online quote discount.
- American Family has savings for good driver, multi-vehicle, defensive driver, TimeAway discount, and accident-free.
- Esurance offers discounts including renters, DriveSense, Switch & Save, defensive driver, and Pac-12 alumni.
- Farmers Insurance may have discounts that include multi-car, bundle discounts, business and professional, teen driver, early shopping, and distant student.
- State Farm has discounts for student away at school, accident-free, passive restraint, good student, defensive driving training, and Steer Clear safe driver discount.
Check with all the companies which discounts you qualify for. Savings may not apply to policies in Minneapolis.
When price shopping your coverage, more quotes gives you a better chance of getting the best offered rates. Some insurance companies are not set up to provide Minneapolis Durango insurance quotes online, so you also need to get prices on coverage from those companies, too.
The companies in the list below provide price comparisons in Minneapolis, MN. If you wish to find cheap car insurance in Minneapolis, MN, it’s a good idea that you visit as many as you can to find the cheapest auto insurance rates.
How do Insurers Determine Dodge Durango Insurance Prices?
A large part of saving on car insurance is knowing some of the factors that aid in calculating the rates you pay for car insurance. If you have some idea of what controls the rates you pay, this helps enable you to make changes that may result in lower car insurance prices. Many different elements are used in the calculation when you get your auto insurance bill. Most are fairly basic such as your driving record, but other factors are not as apparent like where you live or how safe your car is.
- Extra policy coverages that may not be needed – There are a lot of extra add-on coverages that can waste your money on your Durango policy. Add-on coverages like vanishing deductibles, better glass coverage, and term life insurance may be wasting your money. They may seem good at first, but your money might be better spent on other coverage so remove them from your policy.
- City dwellers may pay more – Choosing to live in areas with lower population is a positive aspect when trying to find low car insurance rates. Residents of big cities have to deal with more aggressive driving styles and longer commute times. Fewer people means less chance of accidents.
- Where do you drive? – Driving more miles every year the more you’ll pay to insure it. Almost all companies rate vehicles based upon how the vehicle is primarily used. Cars left parked in the garage receive better premium rates than vehicles that have high annual mileage. It’s a good idea to make sure your car insurance policy is rated on how each vehicle is driven, because it can save money. Having an incorrect usage rating on your Durango may be costing you higher rates.
- Pay more for higher performance vehicles – The performance of the car, truck or SUV you are buying insurance for makes a substantial difference in determining your rates. The most favorable rates will normally be found when insuring small economy passenger vehicles, but that’s not the only thing that factors into the final price.
Insurance loss data for a Dodge Durango – Car insurance companies use statistical claims data to calculate a rate that offsets possible losses. Models that the statistics show to have higher loss trends will have increased rates.
The table below illustrates the compiled insurance loss statistics for Dodge Durango vehicles. For each policy coverage, the claim probability for all vehicles, regardless of manufacturer or model, is set at 100. Values under 100 are indicative of better than average losses, while values that are 100 or greater indicate higher probability of having a loss or a tendency for losses to be larger than average.
Dodge Durango Insurance Loss Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Dodge Durango 4dr 2WD 88 110 91 104 90 100 Dodge Durango 4dr 4WD 90 115 97 92 93 102BETTERAVERAGEWORSE
Statistics from IIHS.org for 2013-2015 Model Years
Exclusive or independent insurance agencies
Some consumers would rather sit down and talk to an agent and that is OK! The biggest benefit of comparing insurance prices online is you can get the lowest rates but also keep your business local. Supporting local agencies is important particularly in Minneapolis.
To make it easy to find an agent, after completing this form (opens in new window), the coverage information is immediately sent to participating agents in Minneapolis that give free quotes for your insurance coverage. It makes it easy because there is no need to contact any agents because prices are sent to the email address you provide. You can find the lowest rates AND a local agent. If you want to get a comparison quote from a specific insurance company, don’t hesitate to jump over to their website and complete a quote there.
If you want to use a local insurance agency, it helps to know the two different types of agencies and how they are distinctly different. Insurance agents are classified as either exclusive or independent (non-exclusive).
Independent Insurance Agencies
These agents are appointed with more than one company so they can quote policies with an assortment of companies and potentially find a lower price. To transfer your coverage to a different company, they can switch companies in-house which is easy for the insured. When comparing rates, it’s a good idea to contact several independent agencies to maximize your price options.
Featured below is a partial list of independent agencies in Minneapolis that can give you price quotes.
True Insurance Agency and Financial Services – Minneapolis Home and Auto Insurance
4708 Excelsior Blvd – St Louis Park, MN 55416 – (952) 388-2006 – View Map
Exclusive Insurance Agencies
Agents in the exclusive channel normally can only provide a single company’s rates like American Family, State Farm, and Allstate. These agents are not able to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are trained well on the products they sell which helps them sell on service rather than price.
Listed below are exclusive insurance agents in Minneapolis that can give you price quote information.
Choosing the best auto insurance agent should depend on more than just the bottom line cost. Here are some questions to ask:
- Are they able to provide referrals?
- Do you work with a CSR or direct with the agent?
- Do they specialize in personal lines coverage in Minneapolis?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Are they in the agency full-time?
- Will one accident increase rates?
- Does the agent have a valid license to sell insurance in Minnesota?
If you get positive responses to any questions you may have as well as a price you’re happy with, it’s a good possibility that you have found an insurance agent that will service your policy.
Insurance in Minnesota serves several purposes
Despite the high cost, insurance serves several important purposes.
- The majority of states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance if you don’t want to risk a ticket. 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.
- If you took out a loan on your Dodge Durango, more than likely the lender will stipulate that you buy full coverage to guarantee payment of the loan. If you let the policy lapse, the bank may buy a policy for your Dodge at a much higher rate and require you to reimburse them for it.
- Insurance safeguards both your assets and your car. It will also provide coverage for medical expenses incurred in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your policy will pay to have it repaired.
The benefits of carrying enough insurance greatly outweigh the cost, specifically if you ever have a liability claim. The average driver in Minnesota is overpaying over $855 a year so compare quotes from several companies at every renewal to ensure rates are competitive.
Persistence pays off
When shopping online for auto insurance, do not skimp on critical coverages to save a buck or two. In many cases, an insured cut collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your objective should be to buy the best coverage you can find at the best price and still be able to protect your assets.
Some insurance companies may not have the ability to get a quote online and usually these regional carriers only sell coverage through independent insurance agencies. Cheap Dodge Durango insurance in Minneapolis is attainable online as well as from independent agents in Minneapolis, so you need to compare both to have the best rate selection.
Much more information about auto insurance in Minnesota can be read at these links:
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- What Auto Insurance is Cheapest for a Nissan Rogue in Minneapolis? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Retired Military in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Car Insurance for High Mileage Drivers? (FAQ)
- Who Has Cheap Minneapolis Car Insurance Quotes for a 20 Year Old Female? (FAQ)
- What Car Insurance is Cheapest for Teenage Males in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance for a Hyundai Sonata? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Should I Buy a New or Used Car? (Allstate)