How Much are Auto Insurance Quotes for Good Drivers in Minnesota?

How Much are Auto Insurance Quotes for Good Drivers in Minnesota?

When shopping for insurance for safe drivers, one of the many considerations that play a part in determining a rate quote is where you choose to live. Areas that are more densely populated like Minneapolis, Maplewood, and Edina tend to pay slightly more, whereas areas that are not as densely populated generally benefit from lower insurance rates.

The information below ranks the highest-priced areas in Minnesota for good drivers to buy an auto insurance policy in.

Minnesota cities ranked by car insurance cost
Rank City Average Per Year
1 Minneapolis $2,079
2 Saint Paul $2,049
3 Maplewood $1,985
4 Brooklyn Park $1,798
5 Edina $1,777
6 Bloomington $1,756
7 Saint Louis Park $1,754
8 Richfield $1,742
9 Maple Grove $1,741
10 Coon Rapids $1,739
11 Blaine $1,731
12 Duluth $1,724
13 Burnsville $1,709
14 Lakeville $1,700
15 Woodbury $1,697
16 Shakopee $1,693
17 Saint Cloud $1,686
18 Plymouth $1,680
19 Minnetonka $1,672
20 Eden Prairie $1,672
21 Eagan $1,661
22 Apple Valley $1,631
23 Rochester $1,623
24 Moorhead $1,504
25 Mankato $1,474
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Prices are approximated as specific Minnesota zip code can increase or decrease premium rates substantially.

The make and model of vehicle you are buying coverage for is one of the primary factors when looking for the most affordable auto insurance for good drivers. Vehicles with average performance, advanced safety features, or a track record of few liability claims will cost less to insure than higher performance models.

The list below ranks insurance prices for some of the most budget-friendly vehicles to insure.

Cheapest Auto Insurance Rates for Good Drivers in Minnesota
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape Limited 4WD $655
Honda CR-V EX 2WD $659
Honda Accord LX 4-Dr Sedan $666
Subaru Forester X Premium AWP AWD $670
Toyota Highlander 2WD $678
Toyota Tacoma 4WD $687
Chevrolet Impala LT $714
Volkswagen Jetta S 4-Dr Sedan $723
Subaru Outback 3.6R Premium $729
Toyota Prius $735
Hyundai Elantra Blue 4-Dr Sedan $736
Ford F-150 XLT Regular Cab 2WD $742
Kia Forte EX 4-Dr Sedan $738
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rates do not factor in vehicle location which can influence premiums considerably.

Looking at the numbers, you can figure that makes and models like the Ford Escape, Honda CR-V, Honda Accord, Subaru Forester, and Toyota Highlander are most likely to be some of the cheapest vehicles to insure for safe drivers.

Determining which companies offer the lowest-priced auto insurance rates for good drivers will require a little more work than just quoting one company’s rates.

Each insurer has a unique formula to determine premium rates, so we’ll go over the auto insurance companies that tend to have lower prices in Minnesota.

Best Cheap Insurance Rates for Good Drivers

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Cheapest Minnesota auto insurance companies
Rank Company Cost Per Year
1 Travelers $661
2 Farm Bureau Mutual $805
3 USAA $831
4 Western National $928
5 West Bend Mutual $943
6 The Hartford $964
7 Allied $1,174
8 American Family $1,230
9 State Farm $1,250
10 California Casualty $1,251
11 Auto-Owners $1,282
12 General Casualty $1,300
13 Auto Club Group $1,352
14 Nationwide $1,378
15 North Star $1,390
16 Progressive $1,405
17 Farmers $1,407
18 Country $1,470
19 Allstate $1,481
20 MetLife $1,534
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Travelers may offer some of the cheapest car insurance rates in Minnesota at around $661 a year. Farm Bureau Mutual, USAA, Western National, and West Bend Mutual also rank well as some of the cheapest Minnesota insurance companies.

As depicted above, if you currently have coverage with West Bend Mutual and switched to Farm Bureau Mutual, you might see annual savings of approxmiately $138. Policyholders with The Hartford might save as much as $159 a year, and Allied insureds might lower prices by up to $369 a year.

Understand that those rates are averages for all types of drivers and the different vehicles they drive and are not factoring in a price decrease for good drivers. So the auto insurance company that fits your needs best may not even be featured in the list of companies shown earlier. That affirms the importance of why you need to get rate quotes from many companies using your own specific driver information and vehicle.

How accidents and tickets impact rates

The easiest way to score the most affordable auto insurance rates for safe drivers is to drive attentively and not get tickets or have accidents. The illustration below illustrates how violations and fender-benders impact insurance premiums for different age groups of insureds. The data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

The data above shows the average cost of car insurance in Minnesota per year with a clean driving record and no accidents is $1,288. Add in two speeding tickets and the average cost increases to $1,828, an increase of $540 each year. Next add one accident along with the two speeding tickets and the 12-month cost of auto insurance for good drivers goes up to an average of $2,367. That’s an increase of $1,079, or $90 per month, just for not being attentive to the road!

The illustration below illustrates how your deductible choice can raise or lower insurance rates when getting quotes for cheap insurance for good drivers. The rate quotes are based on a single female driver, full coverage, and no discounts are applied to the premium.

The data above shows that a 40-year-old driver could lower their car insurance rates by $252 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $380 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, can cut as much as $638 each year by using a higher deductible.

If you make the decision to raise deductibles, it will be required to have additional savings on hand to allow you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

How to find cheap auto insurance for good drivers in Minnesota

Lowering your rates is not difficult, and here are some money-saving suggestions that can help Minnesota drivers find cheaper auto insurance.

  • Good credit scores may make rates cheaper
  • Drive safe vehicles
  • Full coverage is expensive so only insure older vehicles for liability only
  • Bundle home and auto and save
  • Prevent price hikes by avoiding at-fault accidents
  • Shop around once a year for cheaper rates

The last tip is extraordinarily significant, as we hit on in the prior information. Prices charged by car insurance companies go up and down frequently, so you should be ready to change to a new company if a more affordable rate is found. Having a favorite company is fine, but it’s not a good idea if that inflexibility results in costing you hundreds every year. Take a couple minutes and compare rates and find cheaper car insurance for good drivers.