Best Cheap Car Insurance Quotes for Drivers with a Bad Driving Record in Minnesota

Everyone has different tastes in autos, and the style of vehicle needing coverage is a significant factor in finding the cheapest coverage for drivers with a bad driving record. Vehicles with high performance, a lack of modern safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models. The lists below shows coverage prices for the most affordable automobiles to buy insurance for.

Data variables include married male driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact coverage rates significantly.

Table data assumes married male driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Prices do not factor in vehicle location which can modify premiums greatly.

Data assumes married male driver age 30, two speeding tickets, two at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in vehicle location which can alter prices greatly.

When shopping for insurance for bad drivers, one of the many components that insurance companies take into consideration when calculating a rate quote is where your residence is. Cities with larger populations like Maplewood, Saint Paul, and Brooklyn Park tend to pay more, whereas areas with less people or fewer weather incidents generally have lower rates.

The illustration below sorts the higher priced cities in Minnesota for drivers with a bad driving record to purchase a policy in.

Price information shown is approximated as the specific Minnesota residence address can raise or lower prices noticeably.

Buying coverage from a highly-rated car insurance company is difficult considering how many companies provide coverage in Minnesota. The company rank data shown next can help you analyze which auto insurance companies to look at when trying find the best insurance for drivers with a bad driving record. The ratings below are only made up of major nationwide insurance companies, so smaller companies that only insure vehicles in Minnesota are not included in the list.

Top 10 Large Car Insurance Companies in Minnesota Ranked by Customer Service

1. State Farm
2. Nationwide
3. Safeco Insurance
4. American Family
5. Travelers
6. Liberty Mutual
7. GEICO
8. Allstate
9. The Hartford
10. Farmers Insurance

Top 10 Large Car Insurance Companies Overall in Minnesota

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Full coverage rates compared to liability only

Finding the best cheap car insurance for drivers with a bad driving record in Minnesota is important to the majority of vehicle owners, and one of the fastest ways to reduce the cost of insurance is to only pay for liability coverage. The illustration below compares car insurance costs with and without full coverage. The information is based on no accidents, no driving violations, $500 deductibles, single status, and no discounts are applied to the premium.

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As an average, full coverage costs an additional $1,996 per year over and above liability only. At some point, almost every driver questions when is it safe to stop buying full coverage. There is no definitive formula of when to eliminate physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your vehicle’s replacement value is $10,500 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $9,500 after paying your policy deductible. If it’s costing in excess of $950 a year for physical damage coverage, then it could be time to drop full coverage.

There are some circumstances where buying only liability insurance is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.

Who has the cheapest insurance quotes for bad drivers?

There are many different ways to find cheap insurance in Minnesota, but the most popular methods are using an independent agent, an exlusive agent such as State Farm or Liberty Mutual, or direct either online or via phone.

They all have the same basic principle, but insurance shoppers should know the differences in how they price policies.

Independent agents have contracts with many companies and can do rate comparisons with all of them. These agents do not write with just one company and can give you more rate choices, which can help you get a better chance of finding cheaper coverage. If they find a cheaper price, your policy is moved internally which requires no work on your part.

An exclusive agent is restricted to one company, two examples being a Farmers or Allstate agent. These agents normally cannot compare rates from other companies, which will not provide a complete price comparison.

Buying direct means you bypass local insurance agents and instead shop buying direct from a company like Progressive or Geico. Shopping for insurance direct may be good for families who do not have complex finances and understand what specific coverages and deductibles they need.

So which method is best to find the best cheap car insurance for drivers with a bad driving record in Minnesota? It would be easy to say buying from a direct car insurance company yields the cheapest rates since no commissions are paid to an agent, but in reality, that is not true. We could also assume that buying from an independent agent guarantees the best prices due to having more companies to select from, but that is not necessarily true either. In many circumstances, the exclusive agents may have very competitive prices that are impossible to beat.

Because there is so much variation in insurance prices, the best way to get the cheapest rates is to compare lots of quotes. The best approach is to get rate quotes from independent agents, exclusive agents, and direct companies in order to find the best price. For a list of insurance companies with low rates, click here to view.

How to find the best cheap car insurance for drivers with a bad driving record in Minnesota

It’s not impossible to find cheaper rates, and here are some of the better penny-pinching ideas that can help Minnesota drivers find more affordable coverage.

• Home or renters coverage can save on auto insurance
• Avoid preventable accidents
• Ensure your driving record is clean
• Drive a car with a high safety rating
• Pay for small claims rather than turning them in to your insurance company
• Compare quotes from other companies often

That final tip is extremely important, as was noted in this article. Rates can change significantly in a year, so drivers shouldn’t be reluctant to change insurance companies if a more affordable price is available. Loyalty to a specific company is fine, but is isn’t recommended if that faithfulness ends up costing you major coinage every year. Take a few minutes and compare rates and find cheaper insurance for drivers with a bad driving record.