Cheap Insurance Quotes for Electric Cars in Minnesota

Deciphering which company offers the best car insurance rates for electric cars involves a bit more work in order to find the best price. Every car insurance company has their own guidelines for determining rates, so let’s take a look at the most competitive car insurance companies in Minnesota.

It’s a good idea to be aware that Minnesota car insurance rates are impacted by many things that control the price of your policy. Simply having a birthday, buying a different home, or having an at-fault accident may prompt premium changes that can now make some companies cheaper in comparison to the competition.

Best Insurance Companies for EV’s

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Travelers may offer some of the best car insurance rates in Minnesota at around $641 annually. Farm Bureau Mutual, USAA, Western National, and The Hartford also rank well as some of the cheapest Minnesota auto insurance companies.

In the rate table above, if you are insured with Farm Bureau Mutual and switched to Travelers, you may realize savings of around $164. Policyholders with USAA could save as much as $182 a year, and Western National customers might reduce prices by as much as $269 a year.

Remember that these premium estimates are averages for all ages of drivers and types of vehicles and do not take into consideration a price discount for electric cars. So the insurer that fits you best may not even be shown in the list above. That points out the importance of why you need to get car insurance quotes using your own personal information and vehicle type.

Performance level and cost of the vehicle requiring insurance is a large factor when quoting the best auto insurance for electric cars. Vehicles with reasonable performance levels, good safety features, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models.

The information below illustrates coverage premiums for some of the more afforable vehicles to insure in Minnesota.

Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can affect auto insurance rates noticeably.

Table data represents married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in specific location information which can increase or decrease insurance rates substantially.

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Price estimates do not factor in specific Minnesota garaging location which can modify coverage prices considerably.

Best rates: State Farm, Progressive, Geico, or Allstate

When buying auto insurance for eco-friendly vehicles in Minnesota, four of the larger companies to compare rates for are State Farm, Progressive, Geico, and Allstate. The data below compares price and claims rank as well as some different options offered by each one.