Cheapest Car Insurance Quotes for First-time Drivers in Minnesota

Wouldn’t it be so easy if we could tell you instantly that one special company that has the cheapest rates for first-time drivers? Unfortunately, it’s not that simple as there are a whole slew of unknown factors such as your financial responsibility, if you have points on your license, deductibles for comprehensive and collision coverage, and the amount of coverage you want, that all go into determining the rate you pay. The information below will cover the best ways to avoid high prices and will give you a good start in finding the cheapest insurance.

When buying insurance for new drivers, one of the key criteria that affect the amount you pay for auto insurance is where your car is garaged in Minnesota. More densely populated places like Minneapolis, Maplewood, and Bloomington likely pay more, whereas areas that are not as densely populated have the benefit of the cheapest car insurance for first-time drivers in Minnesota.

The following table sorts the highest-priced areas in Minnesota for first-time drivers to buy an auto insurance policy in.

Table data uses comparative as vehicle location can lower or raise premiums substantially.

The vehicle model on the policy is probably the biggest factor that determines whether or not you find the cheapest car insurance for first-time drivers in Minnesota. Vehicles with high performance features, poor passenger safety features, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models. The next tables features car insurance premiums for the more afforable vehicles to insure.

Data variables include single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific Minnesota garaging location which can increase or decrease coverage prices substantially.

Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in specific location information which can lower or raise coverage rates considerably.

Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in zip code location which can affect premium rates greatly.

Deciphering which companies quote the cheapest insurance rates for first-time drivers calls for a bit more work than just quoting one company’s rates.

Each auto insurance company uses their own method to determine premium rates, so let’s look at the rankings for the overall cheapest insurance companies in Minnesota. It’s important that you understand Minnesota insurance rates are calculated based on many things that may substantially change the price of your policy. Simply having a birthday, moving across town, or getting a ticket for careless driving can trigger price changes that can cause some rates to be cheaper than competitors.

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Travelers may offer some of the lowest car insurance rates in Minnesota at around $661 per year. USAA, Farm Bureau Mutual, The Hartford, and Western National would also be considered some of the lowest-priced Minnesota car insurance companies.

In the above example, if you have coverage with The Hartford and switched to Travelers, you could earn an annual savings of about $275. Policyholders with Western National may save as much as $276 a year, and West Bend Mutual policyholders might cut rates by $282 a year.

To see how much you can save, click here to start your free quote or visit several of the following companies.

Understand that those prices are averaged for all drivers and vehicles and and are not figured with a price surcharge for first-time drivers. So the company that has the lowest price for you may not even be included in the list above. That point stresses why you need to get auto insurance quotes using your own individual information.

Cautious Minnesota drivers save money

The easiest way to obtain the cheapest car insurance for first-time drivers in Minnesota is to drive cautiously and avoid accidents and violations. The diagram below illustrates how violations and at-fault accidents can influence yearly insurance costs for different age groups of insureds. The premiums are based on a single female driver, full coverage, $100 deductibles, and no other discounts are factored in.

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In the previous example, the average cost of car insurance in Minnesota per year with no accidents or violations is $2,308. Factor in two speeding tickets and the average cost hikes up to $3,107, an increase of $799 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for first-time drivers increases to an average of $3,927. That’s an increase of $1,619, or $135 per month, just for a couple of infractions!

Allstate, Progressive, Geico, or State Farm: Which is best?

When comparing car insurance for new drivers in Minnesota, the companies that insure more vehicles than anyone else are Allstate, Progressive, Geico, and State Farm. Each one has a slightly different mix of options and features that shoppers can choose from. The data below ranks pricing and service ratings, as well as optional policy coverages offered by each one.