The words “low-priced” and “auto insurance” probably shouldn’t be used together, in particular when trying to find the best price on coverage for 16 year olds. Because it’s so expensive, let’s start the ball rolling by going over some things that determine car insurance prices, and find out if we can help you take a little off your next policy.
One of the many criteria that are looked at to help calculate the amount you pay each year for auto insurance is your address in Minneapolis. Areas with increased crime or more people tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents receive better rates.
The next table lists the most expensive places in Minnesota for 16 year olds to buy auto insurance in. Minneapolis ranks #3 costing $1,997 on average, which is approximately $166 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Maplewood | $2,066 |
| 2 | Saint Paul | $2,049 |
| 3 | Minneapolis | $1,997 |
| 4 | Brooklyn Park | $1,798 |
| 5 | Coon Rapids | $1,792 |
| 6 | Edina | $1,777 |
| 7 | Saint Louis Park | $1,772 |
| 8 | Richfield | $1,760 |
| 9 | Bloomington | $1,739 |
| 10 | Blaine | $1,731 |
| 11 | Duluth | $1,724 |
| 12 | Shakopee | $1,710 |
| 13 | Saint Cloud | $1,702 |
| 14 | Woodbury | $1,680 |
| 15 | Eagan | $1,678 |
| 16 | Burnsville | $1,675 |
| 17 | Maple Grove | $1,673 |
| 18 | Eden Prairie | $1,672 |
| 19 | Minnetonka | $1,672 |
| 20 | Plymouth | $1,663 |
| Start a Quote Go | ||
Rates are comparative as vehicle location can modify premiums greatly.
The vehicle model you are trying to insure is one of the primary factors when comparing quotes for the most economical coverage for 16 year olds. Vehicles with high performance, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models. The next list presents car insurance prices for a handful of the most affordable automobiles to insure in Minnesota.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $5,786 |
| Hyundai Elantra GLS Touring Station Wagon | $5,795 |
| Ford Escape XLT 2WD | $5,786 |
| Honda CR-V EX-L 4WD | $5,840 |
| Toyota Prius | $6,243 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $6,457 |
| Ford F-150 XLT Regular Cab 2WD | $6,465 |
| Toyota Tacoma 4WD | $6,511 |
| Honda Odyssey EX | $6,807 |
| Ford Focus SE 4-Dr Sedan | $6,817 |
| Toyota RAV4 2WD | $6,862 |
| Jeep Grand Cherokee Laredo 4WD | $6,872 |
| Chevrolet Malibu LS | $6,862 |
| Ford Explorer Limited 2WD | $6,914 |
| Dodge Grand Caravan SXT | $6,919 |
| Chevrolet Impala LTZ | $7,215 |
| Toyota Camry SE | $7,223 |
| Ford Edge Limited AWD | $7,215 |
| Toyota Corolla S | $7,223 |
| GMC Sierra SLE Extended Cab 4WD | $7,267 |
| Start Your Quote Go | |
Prices based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific location which can affect insurance rates significantly.
Looking at the rates, we can assume that cars like the Honda Accord, Hyundai Elantra, Ford Escape, Honda CR-V, and Toyota Prius will definitely be some of the most affordable vehicles to insure for new drivers. Prices will be more expensive just due to the fact that there is more exposure for 16 year olds, but in general those vehicles will tend to have the best rates possible.
Impact of citations and accidents on Minneapolis insurance rates
The easiest way to score the best auto insurance rates in Minneapolis for new drivers is to be a cautious driver and avoid accidents and traffic citations. The information below shows how traffic citations and at-fault collisions impact auto insurance rates for different categories of driver ages. The premium estimates are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of car insurance in Minnesota per year with no accidents and a clean driving record is $2,118. Receive one speeding ticket and the average cost hikes up to $2,430, an increase of $313 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of auto insurance for 16 year olds goes up to an average of $3,319. That’s an increase of $1,202, or $100 per month, just for being a less-than-perfect driver!
Get discount Minneapolis insurance rates
Car insurance companies that offer quotes for 16 year olds may have discounts that could reduce prices by as much as 30% if you are eligible to receive them. Larger auto insurance companies and their possible discounts are included below.
- The Hartford discounts include driver training, air bag, anti-theft, defensive driver, good student, and vehicle fuel type.
- American Family offers premium reductions for mySafetyValet, bundled insurance, good driver, defensive driver, and multi-vehicle.
- Progressive may offer discounts for online quote discount, good student, multi-policy, multi-vehicle, and online signing.
- Travelers may have discounts that include home ownership, early quote, multi-policy, hybrid/electric vehicle, driver training, and multi-car.
- Farmers Insurance policyholders can earn discounts including multi-car, electronic funds transfer, youthful driver, mature driver, and alternative fuel.
- USAA has discounts for driver training, military installation, safe driver, defensive driver, family discount, and multi-policy.
- Liberty Mutual includes discounts for new move discount, preferred payment discount, newly retired, hybrid vehicle, and exclusive group savings.
The illustration below illustrates the comparison of car insurance costs with and without policy discounts. The price estimates are based on a male driver, no claims or driving citations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, continuous coverage, good student, paperless filing, anti-theft, and passive restraint discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for 16 year olds is 28% or $659.
Which auto insurance company is best in Minneapolis?
Buying coverage from a high-quality insurance provider can be a challenge considering how many companies there are to choose from in Minneapolis. The rank data shown below may help you select which companies you want to consider when shopping your coverage around. The ratings below only include large insurance companies, so companies without a large exposure are not taken into consideration for this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
If you aren’t sure which coverage to buy and prefer to get some help when trying to find the best insurance rates for 16 year olds, the insurance agencies below can help you make a decision which car insurance company is the best fit. To find an auto insurance agency in your neighborhood, click the button at the bottom of the list.
Higgins Insurance
2214 Central Ave NE – Minneapolis, MN 55418 – (612) 789-7231
Insurance Advantage Agency LLC
7600 Parklawn Ave #350 – Minneapolis, MN 55435 – (952) 746-5770
RC4 Insurance Agency, LLC
7220 Metro Blvd #150 – Minneapolis, MN 55439 – (952) 896-9542
True Insurance Agency and Financial Services – Minneapolis Home and Auto Insurance
4708 Excelsior Blvd – St Louis Park, MN 55416 – (952) 388-2006
Find a Minneapolis, MN insurance agent near you
How to find the cheapest insurance for 16 year olds
The list below summarizes a few money-saving suggestions that can help you quote cheap car insurance.
- Safer vehicles cost less to insure
- Increase your credit score
- Do not pay for full coverage on older vehicles
- Multi-policy discounts save money
- Maintain a safe distance and avoid accidents
- Shop around for cheaper prices
That last tip is especially necessary, as we discussed in the article above. Prices charged by companies vary greatly, so don’t hesitate to change to a new company if you can save money.
Having brand loyalty is commendable, but it’s not a great idea if that loyalty results in overpaying a wad of cash every year. Take a couple minutes and compare prices to find cheaper insurance for 16 year olds in Minneapolis.