Who Has the Cheapest Auto Insurance Quotes for a Learners Permit in Minnesota?

Finding decent, reasonably-priced insurance is difficult, and figuring out which company offers the cheapest auto insurance rates for a learners permit requires even more shopping around. Insurance rates will more than likely be much more than the average price in Minnesota due to the potential for higher claims that comes with offering coverage for new drivers, but competitive insurance may be attainable if you are thorough. Every insurance company has a proprietary formula to set premium rates, so let’s take a look at the most affordable auto insurance companies in Minnesota.

It’s important to know that Minnesota auto insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. This is why Minnesota drivers need to shop around with many companies to get the most economical auto insurance rates for a learners permit. Insurance prices are made up of many different factors and can increase or decrease at any time, so the most economical company when you bought your policy may now not even be in the top five.

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Travelers generally has some of the best car insurance rates in Minnesota at around $641 each year. USAA, Farm Bureau Mutual, Western National, and The Hartford would also be considered some of the most economical Minnesota insurance companies.

As illustrated above, if you currently have coverage with Farm Bureau Mutual and switched to Travelers, you may see a yearly price reduction of in the vicinity of $196. Policyholders with Western National might save as much as $296 a year, and The Hartford policyholders might lower prices by up to $323 a year.

Remember that these prices are averages across all ages of drivers and types of vehicles and are not factoring in a price surcharge for a learners permit. So the auto insurance company that can offer you the lowest price may not even be featured in the above rate chart. That underscores the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

One of the more important components that auto insurance companies use to determine insurance cost is where you live in Minnesota. Densely populated urban areas like Minneapolis, Maplewood, and Brooklyn Park tend to pay higher rates, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive cheaper rates.

The following table rates the most costly cities in Minnesota for a learners permit to buy an auto insurance policy in.

Rate quotes are estimated as specific location information can alter prices greatly.

The make and model of vehicle needing coverage is a large factor when shopping for the cheapest car insurance for a learners permit in Minnesota. Vehicles with high performance features, a lack of modern safety features, or high incidents of liability claims will cost significantly more to insure than safer models. The next table ranks auto insurance rates for some of the more afforable vehicles to buy insurance for.

Data variables include single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can revise prices significantly.

Based upon the table data, we can expect models like the Honda Accord, Hyundai Elantra, Honda CR-V, Ford Escape, and Jeep Wrangler are going to be a few of the cheaper vehicles to insure for new drivers. Car insurance rates will trend higher because there is more risk for a learners permit, but in general those particular models will tend to have the least expensive rates compared to all other vehicles.

Buying coverage from the top insurance company is difficult considering how many choices there are in Minnesota. The rank data shown next may help you pick which car insurance companies you want to consider when insurance shopping for a learners permit. These ratings are only comprised of companies with a national presence, so companies that focus mainly on Minnesota business are not included in this list.

Discounts on Minnesota auto insurance rates

Auto insurance companies that offer the cheapest car insurance for a learners permit in Minnesota may provide special discounts that can lower rates by 40% or more if you meet specific eligibility requirements. The best auto insurance companies and some of the discounts are:

The information below compares car insurance costs with and without discounts applied. The rates are based on a male driver, no violations or claims, Minnesota state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with paid-in-full, continuous coverage, anti-theft, passive restraint, good student, and vehicle safety discounts applied. When these discounts are applied, the average savings per year on auto insurance for a learners permit is % or $.

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