Who Has Cheap Auto Insurance Quotes for 17 Year Olds in Minnesota?

The model of vehicle that needs insurance is a significant factor when comparison shopping for cheap car insurance for 17 year olds in Minnesota. Vehicles with high performance features, poor safety ratings, or a high likelihood of having liability claims will cost substantially more to insure than safer, lower-performance models.

The next tables shows car insurance costs for a handful of the cheapest automobiles to buy coverage for.

Table data represents single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in specific location information which can raise or lower prices considerably.

Prices above based on single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in specific location information which can increase or decrease premium rates significantly.

Above prices assume single female driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can impact rates considerably.

Buying budget insurance is confusing at best, and determining which companies quote the lowest-priced insurance rates for 17 year olds requires more quotes for comparison. Coverage rates will more than likely be quite a bit higher than the average policy in Minnesota due to the posibility of more claims that comes with offering coverage for teen drivers, but reasonable insurance should be achievable if you carefully shop around. Each insurance company uses their own method for filing rates in each state, so let’s rank the insurance companies with the overall cheapest rates in Minnesota.

It’s a good idea to be aware that Minnesota insurance rates are determined by lots of factors which can significantly increase or decrease the price you pay. Events like a birthday, buying higher coverage limits, or getting a DUI may cause policy rate changes that may make certain companies more affordable than competitors.

Best Cheap Insurance Rates for Teens

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Travelers offers some of the cheapest car insurance rates in Minnesota at around $647 a year. USAA, Farm Bureau Mutual, Western National, and The Hartford also rank well as some of the best Minnesota insurance companies.

In this example, if you are currently insured with USAA and switched to Travelers, you might achieve savings of in the vicinity of $184. Minnesota drivers with Farm Bureau Mutual might save as much as $190 a year, and Western National policyholders might see rate reductions of $263 a year.

It’s important to note that these premiums are averages for all drivers and vehicles and do not take into consideration a rate increase for 17 year olds. So the car insurance company that fits your age and vehicle best may not even be shown in the list of companies above. That is why you need to quote rates from many companies using your own driver information and specific vehicle type.

For teen drivers, one of the big criteria that insurance companies take into consideration when calculating rate quotes is the neighborhood you call home in Minnesota. Areas with more people or higher crime rates like Minneapolis, Maplewood, and Bloomington likely pay more, whereas areas with less congestion have the benefit of cheaper auto insurance prices.

The next table rates the priciest cities in Minnesota for 17 year olds in which to purchase auto insurance.

Price information shown is comparative as specific Minnesota zip code can affect premiums greatly.

Minnesota insurance company ratings

Insuring your vehicle with the right insurance provider can be a challenge considering how many different companies sell coverage in Minnesota. The company rank data shown below can help you analyze which auto insurers you want to consider when shopping car insurance rates for 17 year olds. The ratings below include major nationwide insurance companies, so smaller companies will not be included in this list.

How to get discounts on Minnesota insurance rates

Auto insurance companies that offer cheap car insurance for 17 year olds in Minnesota may additionally offer policy discounts that can lower rates by 35% or more if you are eligible. A few of the larger companies and a summarized list of policyholder discounts can be found below.

• GEICO offers discounts for multi-vehicle, membership and employees, air bags, anti-theft, daytime running lights, and driver training.
• SAFECO offers premium reductions for multi-car, anti-lock brakes, homeowner, teen safe driver, and anti-theft.
• State Farm has savings for passive restraint, good driver, student away at school, anti-theft, defensive driving training, and multiple policy.
• MetLife discounts include multi-policy, defensive driver, good student, good driver, and accident-free.
• 21st Century offers discounts including good student, teen driver, air bags, anti-lock brakes, defensive driver, early bird, and 55 and older.
• Progressive includes discounts for multi-policy, online quote discount, continuous coverage, homeowner, online signing, good student, and multi-vehicle.

The illustration below shows the difference between insurance costs with and without discounts applied. The premiums are based on a female driver, no accidents, no driving violations, Minnesota state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with continuous coverage, passive restraint, good student, paperless filing, anti-theft, and vehicle safety discounts applied. When these discounts are applied, the the amount saved on insurance for 17 year olds is 28% or $661.

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Cheap insurance quotes for teen drivers

Drivers have a lot of ways to quote cheap insurance rates in Minnesota, but the most frequently used methods are through an independent agent, a captive (or exclusive) agency such as State Farm or Liberty Mutual, or direct from companies such as Progressive or Geico. Each way has the same basic steps, but they are slightly different in how they give price quotes.

Independent insurance agents can place your business with multiple companies and can compare rates with each one. These types of agencies are appointed with more than one company and can give you more rates, which can help you get the best shot at cutting your rates. If they quote lower rates, your policy can be easily switched to a different company and you don’t have to find a new agent.

A captive or exclusive agent is ‘exlusive’ to a single insurance company, examples being a Liberty Mutual or State Farm agent. This type of agents cannot provide other companys’ prices, so unless you get quotes from other companies, you cannot determine which is cheapest.

Direct insurance buyers bypass the middleman (the agent) and instead buy from a direct company like Esurance or Geico. Shopping direct may be good for people who do not have a lot of assets and know more than average about what coverages, limits, and deductibles they need.

Out of those three methods, which one works best to buy cheap car insurance for 17 year olds in Minnesota? Most people assume that shopping direct results in the cheapest price because there are no middleman commissions, but unfortunately, that is not always true. We could also say that using an independent agent can save the most money since they have more companies to choose from, but again, it’s not necessarily true. And occasionally, the exclusive agents have coverage prices that are the cheapest in Minnesota.

Since insurance prices vary so much, really the best method to make sure you’re not overpaying for insurance is to get rate quotes and compare. It takes a little work, but we recommend you get prices from all three types to give yourself the best selection. We compiled a list of companies with some of the cheapest online rates that you can click here to view.

Find cheap car insurance for 17 year olds in Minnesota

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

• Do not get traffic tickets
• Good credit can mean cheaper rates
• Drop full coverage on older vehicles
• Buy vehicles with five-star safety ratings
• Raise your deductibles
• Accidents can significantly increase rates
• Comparison shop frequently

That last piece of advice is certainly necessary, as we noted in this write-up. Insurance prices in Minnesota can be adjusted at any time, so don’t be tentative to buy from a new company if you find a cheaper price. Staying with the same car insurance company is fine, but it’s not recommended if that stubbornness costs you money that could be used for better things. Now is a great time to shop around and find cheaper auto insurance for 17 year olds.