Cheap Auto Insurance for Drivers Requiring a SR22 in Minnesota

Our editors always tell us that when writing about auto insurance, the word affordable should never appear anywhere in the article to describe car insurance rates. Notwithstanding, cheap auto insurance for drivers requiring a SR22 can be extremely hard to find. But fear not, because there may be ways you can find and buy insurance that is considered budget-friendly.

One of the key factors that auto insurance companies take into consideration when calculating the policy price is where your residence is in Minnesota. More populated areas like Saint Paul, Minneapolis, and Coon Rapids will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.

The next table rates the most expensive places in Minnesota for drivers requiring a SR22 to buy auto insurance in.

Rate information is estimated as the specific zip code location can modify price quotes substantially.

Figuring out which company quotes the cheapest auto insurance rates for drivers requiring a SR22 will take a tad more effort than just comparing rates from one or two companies. Every insurance provider has a different process to establish rates, so let’s examine the lowest cost auto insurance companies in Minnesota.

Lowest Insurance Price Quotes for SR22 Drivers

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Travelers normally has some of the best car insurance rates in Minnesota at around $667 annually. USAA, Farm Bureau Mutual, The Hartford, and Western National are also some of the best Minnesota insurance companies.

As the example above demonstrates, if you are a policyholder with The Hartford and switched to Travelers, you may see a yearly savings of approxmiately $269. Minnesota drivers with Western National could save as much as $270 a year, and West Bend Mutual insureds might realize rate reductions of up to $305 a year.

It’s important to note that these prices are averages across all insureds and vehicles and do not factor in a rate surcharge for drivers requiring a SR22. So the company that is best suited for you may not even be in the rate chart shown above. That’s why you need to get quotes using your own personalized driver profile and vehicle information.

Accidents and violations increase rates

The common sense way to earn cheap auto insurance rates in Minnesota for high risk drivers is to be a good driver and maintain a clean driving record. The example below demonstrates how citations and fender-benders can raise insurance rates for different categories of driver ages. The costs are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

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The data charted above shows the average cost of auto insurance in Minnesota per year with no accidents or violations is $2,114. Get two speeding tickets and the average cost swells to $2,839, an increase of $725 each year. Then throw in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for drivers requiring a SR22 jumps again to an average of $5,535. That’s an increase of $3,421, or $285 per month, just for not keeping your driving record clean!

Progressive vs Geico vs Allstate vs State Farm

When it comes to buying car insurance for high risk drivers, four companies to take a look at are Progressive, Geico, Allstate, and State Farm. The next table illustrates ratings for price and service, as well as some optional coverages you can buy with each company.

How to find more affordable auto insurance for drivers requiring a SR22

Below you’ll find many money-saving suggestions that can help Minnesota drivers buy cheaper auto insurance.

• Avoid filing excessive claims
• Do not get into accidents
• Raise comprehensive and collision coverage deductibles
• Do not pay for full coverage if not needed
• Serious violations like DUI or careless driving can make car insurance unaffordable
• Check for cheaper rates once a year

That last idea is remarkably critical, as was noted in the article above. Car insurance rates adjust frequently, so you should be ready to buy from a new company if you can find a cheaper rate. Loyalty to a specific company is fine, but is isn’t recommended if that faithfulness ends up costing you several hundred dollars every year. Now is a great time to compare prices to find cheaper car insurance for drivers requiring a SR22.

Cheap insurance quotes for high risk drivers

There are quite a few ways to find cheap auto insurance in Minnesota, but the most popular are either through a captive (or exclusive) agent like State Farm or Auto-Owners, an independent agent, or direct online or over the phone from a company like Progressive or Geico. Each way has the same basic steps, but they differ in how they provide price quotes.

Independent insurance agents work with multiple companies and can quote your policy with every one. These types of agencies are usually affiliated with several companies and can provide multiple price quotes, which may give you the best shot at cutting your rates. If you are not satisfied with one company, it’s simple to move the policy and you do not have to find a new agent.

A captive or exclusive agent is limited to just one company such as a Liberty Mutual or State Farm agent. Exclusive agents generally are unable to provide rate quotes from other companies, so you will not be able to compare their rates to other companies.

Auto insurance from a direct company means you bypass an independent or exclusive agent and instead buy buying direct from a company like Geico or Progressive. Shopping direct may be good for consumers who do not need high levels of coverage and have a decent understanding of how auto insurance works and possible exclusions.

So what is the best way to buy cheap car insurance for drivers requiring a SR22 in Minnesota? Most people assume that buying direct results in the cheapest price because you bypass the agent, but unfortunately, it’s not that cut and dried. We could also assume that buying from an independent agent guarantees the lowest rates because they can shop around, but that assumption is also not necessarily accurate. And sometimes, exclusive agents have really good rates that are the cheapest in Minnesota.

Due to the large number of rating factors, really the only way to buy the cheapest policy is to get as many comparison quotes as possible. It’s recommended that drivers get quotes from all three to have enough rates to compare. We compiled a list of companies with some of the cheapest online rates that you can click here to view.