Who Has the Cheapest Auto Insurance for Safe Drivers in Minnesota?

For good drivers, one of the more important considerations that is used by insurance companies to calculate auto insurance rates is the neighborhood you call home in Minnesota. Cities with larger populations like Maplewood, Minneapolis, and Richfield tend to have higher rates, whereas areas with less traffic congestion and claims generally pay lower insurance rates.

The table below rates the more expensive cities in Minnesota for safe drivers in which to buy car insurance.

Table data uses comparative as the specific garaging location can influence price quotes substantially.

The make and model of vehicle driven is probably the biggest factor when trying to find the cheapest auto insurance for safe drivers in Minnesota. Vehicles with average performance, excellent safety ratings, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models.

The information below showcases car insurance prices for some of the cheapest automobiles to insure.

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Prices do not factor in specific garaging location which can impact rates greatly.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Rates do not factor in specific location which can lower or raise rates greatly.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Premium costs do not factor in specific garaging location which can raise or lower rates greatly.

Figuring out which companies quote the cheapest insurance rates for safe drivers may require a bit more work than just picking a company at random. Every auto insurer has their own unique process for determining rates in each state, so let’s take a look at the lowest cost insurance companies in Minnesota.

It’s a good idea to know that Minnesota insurance rates are impacted by many factors that will increase or decrease the price of coverage. Simply getting older, moving to a new city, or getting a speeding ticket can cause premium changes that can make some companies cheaper than competitors.

Find the Cheapest Auto Insurance for Safe Drivers

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Travelers quotes some of the best car insurance rates in Minnesota at around $641 per year. USAA, Farm Bureau Mutual, Western National, and The Hartford would also make the list of some of the most economical Minnesota insurance companies.

As the rates illustrate above, if you have coverage with USAA and switched to Travelers, you could realize yearly savings of in the vicinity of $182. Minnesota drivers with Farm Bureau Mutual might save as much as $196 a year, and Western National policyholders might realize rate reductions of up to $287 a year.

Bear in mind that those premiums are averages for all types of insureds and vehicles and and are not calculated with a rate decrease for safe drivers. So the auto insurance company that has the cheapest price for you may not even be shown in the list of companies above. That illustrates why you need to get auto insurance quotes using your own specific driver and vehicle information.

Discount Minnesota car insurance

Insurance companies that sell the cheapest auto insurance for safe drivers in Minnesota may also provide price discounts that can reduce rates by as much as 35% if you are eligible for them. Companies and some of the premium reductions they offer are detailed below.

• State Farm may offer discounts for accident-free, anti-theft, Steer Clear safe driver discount, multiple autos, and multiple policy.
• Progressive offers discounts including online signing, good student, continuous coverage, multi-vehicle, and online quote discount.
• Progressive discounts include continuous coverage, multi-policy, good student, online quote discount, multi-vehicle, and homeowner.
• MetLife offers discounts for good student, multi-policy, good driver, accident-free, defensive driver, claim-free
• Farm Bureau offers premium reductions for renewal discount, good student, multi-vehicle, youthful driver, multi-policy, and driver training.
• GEICO may have discounts that include membership and employees, seat belt use, multi-policy, good student, military active duty, and federal employee.
• SAFECO may include discounts for anti-theft, safe driver, accident prevention training, multi-car, teen safety rewards, and homeowner.

The chart below illustrates the difference between annual premium costs with and without discounts applied to the rates. The prices are based on a female driver, no claims or driving citations, Minnesota state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, defensive driving course, safe-driver, homeowner, accident-free, and passive restraint discounts applied. When discounts are factored in, the the amount saved on insurance for safe drivers is 28% or $588.

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Minnesota insurance companies ranked

Buying coverage from the best auto insurance provider can be challenging considering how many companies there are in Minnesota. The rank data listed below could help you decide which providers you want to consider when looking for cheaper rates. These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies with more of a regional focus are not included in this list.

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

1. USAA – 92%
2. 21st Century – 88%
3. American Family – 88%
4. Nationwide – 88%
5. State Farm – 88%
6. Progressive – 87%
7. Liberty Mutual – 87%
8. AAA Insurance – 87%
9. The Hartford – 87%
10. Farmers Insurance – 87%

Top 10 Large Car Insurance Companies in Minnesota Ranked by Value

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

Find the cheapest auto insurance for safe drivers in Minnesota

It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help Minnesota drivers quote more affordable auto insurance.

• Do not get into accidents
• Raise deductibles to save money
• Avoid filing excessive claims
• Insure your home and auto with the same company
• Ensure your driving record is clean
• Higher credit ratings may save you money
• Keep rates low by comparing prices once a year

The last tip is certainly crucial, as we pointed out in the article above. Prices charged by companies vary considerably, so drivers shouldn’t be resistant to change to a new company if a cheaper rate is available. We understand brand loyalty, but is isn’t recommended if that stubbornness costs you hundreds every year. Take a few minutes and compare prices to find cheaper car insurance for safe drivers.

Cheapest insurance quotes for good drivers

There are many different ways to compare cheaper insurance rates in Minnesota, but the most prevalent ways are from a captive (or exclusive) agent like Liberty Mutual or State Farm, an independent insurance agent, or direct online or over the phone from a company like Progressive or Geico. Each way has the same basic steps, but insurance shoppers should know the differences in how they price policies.

Independent agencies have contracts with many companies and can compare coverage rates with every one. These agents are usually affiliated with several companies and can provide multiple price quotes, which may give you a better chance of saving money. If you want to switch companies, the agent simply finds a different carrier which prevents you from having to find an new insurance agent.

An exlusive, or captive, agency is able to place business with one company, two of the more popular are a State Farm or Farmers agent. Exclusive agents generally are unable to provide multiple price quotes, so you will not be able to compare other companys’ rates.

Consumers who buy insurance direct do not use an independent or exclusive agent and instead shop from a direct company like Geico. Shopping for insurance direct may be preferred by consumers who have little risk and have a good understanding of what specific coverages they need.

Which way works best to find the cheapest auto insurance for safe drivers in Minnesota? It would be premature to say buying direct saves money because you bypass the agent, but unfortunately, that is not the case. We could also assume that buying insurance from an independent agent results in the cheapest rates since they have access to many companies, but again, it’s not necessarily true. In a lot of cases, the exclusive agents may have prices that are impossible to beat.

Due to the large number of rating factors, the only true way to ensure you are not overpaying for insurance is to get quotes and compare. Smart shoppers will get quotes from all three in order to find the best price. For a list of companies with some of the cheapest Minnesota insurance rates, click here to view.