Best Insurance for a Toyota Yaris in Minneapolis

Insurance quote for Toyota Yaris in MinneapolisDo you get overwhelmed by the number of auto insurance companies available to you? You’re not alone. Minnesota consumers have such a vast assortment of companies available that it can easily turn into a real challenge to find the best prices for Toyota Yaris insurance in Minneapolis. If you’ve ever been there, you know that Minneapolis is a great place to live, but trying to pay high auto insurance rates makes it difficult to pay other bills every month.

Surprisingly, a recent survey revealed that over 70% of consumers have remained with the same auto insurance company for four years or more, and 38% of customers have never compared quotes from other companies. Many consumers in Minneapolis can save roughly $1,000 each year, but they feel it’s too difficult to do a rate comparison.

It’s a great practice to compare prices occasionally because insurance rates change frequently. Just because you had the best rate on Toyota Yaris insurance in Minneapolis a year ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to use online quotes to remove unneeded coverages and save money.

Best companies for competitive Toyota Yaris insurance in Minnesota

The companies in the list below offer quotes in Minnesota. To find the best auto insurance in Minneapolis, MN, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.

Rates and statistics

The data table shown next covers different policy rates for Toyota Yaris models. Knowing how auto insurance prices are calculated helps drivers make smart choices when buying a car insurance policy.

Toyota Yaris Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $204 $508 $406 $24 $122 $1,264 $105
Yaris 4-Dr Hatchback $204 $508 $358 $22 $108 $1,200 $100
Yaris 4-Dr Sedan $204 $508 $358 $22 $108 $1,200 $100
Yaris S 2-Dr Hatchback $234 $508 $406 $24 $122 $1,294 $108
Yaris S 4-Dr Hatchback $234 $508 $358 $22 $108 $1,230 $103
Yaris S 4-Dr Sedan $234 $508 $358 $22 $108 $1,230 $103
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in specific location information which can revise prices significantly.

Rate comparison for different deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below approximate the differences in price between high and low insurance deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second data table uses a $500 deductible.

Toyota Yaris insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $238 $492 $358 $22 $108 $1,243 $104
Yaris 4-Dr Hatchback $238 $492 $318 $18 $94 $1,185 $99
Yaris 4-Dr Sedan $238 $492 $318 $18 $94 $1,185 $99
Yaris S 2-Dr Hatchback $272 $492 $358 $22 $108 $1,277 $106
Yaris S 4-Dr Hatchback $272 $492 $318 $18 $94 $1,219 $102
Yaris S 4-Dr Sedan $272 $492 $318 $18 $94 $1,219 $102
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Toyota Yaris insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Yaris 2-Dr Hatchback $174 $334 $358 $22 $108 $996 $83
Yaris 4-Dr Hatchback $174 $334 $318 $18 $94 $938 $78
Yaris 4-Dr Sedan $174 $334 $318 $18 $94 $938 $78
Yaris S 2-Dr Hatchback $200 $334 $358 $22 $108 $1,022 $85
Yaris S 4-Dr Hatchback $200 $334 $318 $18 $94 $964 $80
Yaris S 4-Dr Sedan $200 $334 $318 $18 $94 $964 $80
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in garaging location in Minneapolis which can revise auto insurance rates substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $21 more each month or $252 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 19 months between claim filings, you would save money by selecting a higher deductible.

The information below highlights how deductible selection and can change Toyota Yaris insurance prices for each different age category. The rates are based on a married male driver, full coverage, and no additional discounts are factored in.

Illustration showing the impact of accidents and violations

The example below shows how violations and accidents influence Toyota Yaris car insurance rates for each age group. The data assumes a married female driver, full coverage, $100 deductibles, and no discounts are factored in.

Get cheaper Toyota Yaris insurance in Minneapolis with discounts

Some providers do not list all possible discounts in an easy-to-find place, so the below list has a few of the more common and also the more inconspicuous discounts that you may qualify for.Save money with discounts

As a sidenote, some credits don’t apply to the whole policy. Most cut the cost of specific coverages such as collision or personal injury protection. Just because you may think having all the discounts means you get insurance for free, nobody gets a free ride.

The information below visualizes the comparison of Toyota Yaris premium costs with and without some available policy discounts. The premiums are based on a female driver, no claims or violations, Minnesota state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, safe-driver, multi-policy, and marriage discounts applied.

Companies and their offered discounts are included below.

Double check with every prospective company what discounts are available to you. Savings might not be offered in Minneapolis. If you would like to choose from a list of providers that provide some of the discounts listed above in Minneapolis, click here to view.

Learn How to Lower Your Insurance Costs

Multiple criteria are used when you quote your car insurance policy. Some of the criteria are obvious such as your driving history, although some other factors are more transparent such as your marital status or your commute time.

Get rate quotes but work with a local Minneapolis insurance agent

Many drivers would prefer to get advice from a local agent and that can be a great decision The best thing about price shopping on the web is the fact that you can find cheap car insurance quotes and also buy local. Putting coverage with small agencies is definitely important in Minneapolis.

Find insurance agent in MinneapolisTo find an agent, once you fill out this simple form, your coverage information is instantly submitted to participating agents in Minneapolis that provide free Minneapolis car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to visit any agencies as quotes are delivered to you instantly. You’ll get the best rates without the usual hassles of price shopping. If for some reason you want to compare prices for a specific company, you would need to go to their quote page and submit a quote form there.

Compare rates from both independent and exclusive car insurance agents

If you want to use a reliable insurance agent, there are two types of insurance agents and how they work. Minneapolis agents are categorized either independent or exclusive depending on the company they work for.

Independent Agencies or Brokers

These agents are not employed by one company so they have the ability to put coverage through many different car insurance companies and find the cheapest rate. If they find a lower price, they simply move your policy to a different company and you don’t have to find a new agent.

When shopping rates, you will definitely want to get quotes from a few independent agents for the best price selection. Most also write with less well-known companies which may have better rates.

Featured below are Minneapolis independent insurance agencies that can give you free car insurance quotes.

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Exclusive Car Insurance Agencies

Exclusive agencies generally can only insure with one company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agencies are unable to shop your coverage around so keep that in mind. They are well trained on their company’s products and that allows them to sell at a higher price point. Drivers often use the same agent primarily because of high brand loyalty rather than having low rates.

Shown below is a list of exclusive insurance agents in Minneapolis that can give you comparison quotes.

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Picking the best insurance agency is decision based upon more than just a cheap price. The answers to these questions are important, too.

Compare rates regularly to save

In this article, we covered a lot of ways to lower your Toyota Yaris insurance prices in Minneapolis. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the lowest priced car insurance comes from some of the lesser-known companies.

When you buy Minneapolis car insurance online, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where an insured cut collision coverage and discovered at claim time they didn’t have enough coverage. Your goal is to buy the best coverage you can find at the best price, but do not sacrifice coverage to save money.

Cheaper car insurance in Minneapolis can be found from both online companies and with local Minneapolis insurance agents, and you should be comparing both to have the best rate selection. Some companies may not have the ability to get a quote online and many times these small, regional companies provide coverage only through local independent agents.

Steps to finding cheaper quotes for Toyota Yaris insurance in Minneapolis

Truthfully, the best way to find discount car insurance rates in Minneapolis is to compare prices regularly from different companies that sell auto insurance in Minnesota.

A key point to remember is that you use the same level of coverage on every price quote and and to analyze every insurance company. Doing this ensures a fair price comparison and a thorough price selection.

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