For teen boys, one of the largest considerations that help determine insurance cost is where you live. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas more rural areas have the gratification of cheaper auto insurance rates.
The next table sorts the most costly cities in Minnesota for teenage males to buy an auto insurance policy in. Minneapolis is ranked #1 with the yearly price of $2,079 for the average insurance policy, which is around $173 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Minneapolis | $2,079 |
| 2 | Saint Paul | $2,070 |
| 3 | Maplewood | $2,005 |
| 4 | Coon Rapids | $1,809 |
| 5 | Bloomington | $1,792 |
| 6 | Duluth | $1,777 |
| 7 | Edina | $1,777 |
| 8 | Saint Louis Park | $1,772 |
| 9 | Blaine | $1,748 |
| 10 | Brooklyn Park | $1,744 |
| 11 | Richfield | $1,742 |
| 12 | Burnsville | $1,726 |
| 13 | Eagan | $1,712 |
| 14 | Minnetonka | $1,706 |
| 15 | Lakeville | $1,700 |
| 16 | Shakopee | $1,693 |
| 17 | Maple Grove | $1,690 |
| 18 | Saint Cloud | $1,686 |
| 19 | Woodbury | $1,680 |
| 20 | Eden Prairie | $1,672 |
| Compare Prices Now Go | ||
Price information shown is approximated as the vehicle garaging location can change coverage rates considerably.
Finding out which company quotes the lowest-priced car insurance rates for teenage males will take more work than just picking a company at random.
Each insurance company has a unique formula for establishing rates, so let’s examine the car insurance companies with the overall cheapest rates in Minneapolis.
Lowest Insurance Price Quotes for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $641 |
| 2 | USAA | $823 |
| 3 | Farm Bureau Mutual | $837 |
| 4 | The Hartford | $936 |
| 5 | Western National | $937 |
| 6 | West Bend Mutual | $943 |
| 7 | Allied | $1,174 |
| 8 | California Casualty | $1,214 |
| 9 | American Family | $1,242 |
| 10 | State Farm | $1,263 |
| 11 | Auto-Owners | $1,295 |
| 12 | General Casualty | $1,313 |
| 13 | Auto Club Group | $1,393 |
| 14 | North Star | $1,404 |
| 15 | Progressive | $1,405 |
| 16 | Farmers | $1,407 |
| 17 | Nationwide | $1,420 |
| 18 | Allstate | $1,467 |
| 19 | Country | $1,470 |
| 20 | MetLife | $1,581 |
| Get a Custom Quote Go | ||
Travelers may offer some of the most affordable car insurance rates in Minneapolis at around $641 per year. USAA, Farm Bureau Mutual, The Hartford, and Western National would also be considered some of the more affordable Minneapolis, MN car insurance companies.
As shown in the rates above, if you have coverage with Farm Bureau Mutual and switched to Travelers, you might achieve an annual premium reduction of in the neighborhood of $196. Drivers with The Hartford could save as much as $295 a year, and Western National policyholders might reduce prices by as much as $296 a year.
To get a quick, customized rate comparison, click here or feel free to get quotes from the companies below.
It’s important to note that these premiums are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a specific vehicle garaging location for teenage males. So the insurer that fits you best may not even be in the top 24 companies shown above. That point stresses why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
Buying coverage from the best insurance company is hard considering how many choices there are in Minneapolis. The company information in the lists below may help you pick which providers to look at when shopping around.
The rankings below are only made up of the largest companies in the United States, so smaller companies that only insure vehicles in Minnesota are not factored into this list. To check rates from these and other companies in Minnesota, click this link.
| 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
The example below illustrates how your choice of deductibles can influence insurance costs when searching for cheap insurance for teenage males. The costs are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
The chart above illustrates that a 40-year-old driver could pocket $364 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $546 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could roll back prices $1,202 each year just by using higher deductibles.
If you do make the decision to raise your deductibles, it will be important to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
How to find economical car insurance for teenage males
It is possible to find better rates, and here are some of the recommended money-saving suggestions that can help Minnesota drivers get lower-cost car insurance.
- Increase your comprehensive and collision deductibles
- Increase your credit score
- Be a cautious driver
- Accident-free drivers may qualify for discounts
- Buy a car with high safety ratings
- Compare quotes from other companies often
The last tip in the list is extremely important, as we pointed out in the prior article. Rates vary considerably, so don’t hesitate to change to a new company if you can save money. Staying with the same company for years is fine, but we do not recommend it if that dedication is costing major coinage every year. It only takes a couple minutes to compare rates and find cheaper car insurance for teenage males in Minneapolis.
The insurance agencies listed below can help you decide which auto insurance coverages would be the best in your situation, since some drivers have questions and prefer to have some advice when shopping for cheaper insurance for teenage males. It can be difficult to find the cheapest rate yourself, and getting advice from a licensed agent can bring peace of mind knowing your policy gives you adequate coverage if you have an accident or claim.
To locate an agency using an interactive map, click the button below the list or click here to compare prices now.
- Farmers Insurance – Natalie Fox
210 N 2nd St #70 – Minneapolis, MN 55401 – (612) 208-0276 - Allstate Insurance: Ed Scislow
5208 Bloomington Ave – Minneapolis, MN 55417 – (612) 353-5410 - Criterion Insurance Agency
3300 Fernbrook Ln N #170 – Minneapolis, MN 55447 – (800) 701-5909 - Semlak Miernicki Insurance Agency
2657 Dupont Ave S – Minneapolis, MN 55408 – (612) 208-0873