The words “low-cost” and “insurance” really don’t belong together, in particular when searching for the best car insurance with multiple speeding tickets. Let’s teach you some situations that impact auto insurance premiums, and find out if we can help you lower the cost of your next policy.
One of the many criteria that are used to help calculate car insurance rates is where your car is garaged. More densely populated places will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The table below lists the most expensive places in Minnesota with multiple speeding tickets in which to buy car insurance. Minneapolis is ranked at #3 with an annual rate of $1,997 for the average policy, which is about $166 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Maplewood | $2,045 |
| 2 | Saint Paul | $2,009 |
| 3 | Minneapolis | $1,997 |
| 4 | Brooklyn Park | $1,816 |
| 5 | Richfield | $1,796 |
| 6 | Duluth | $1,794 |
| 7 | Blaine | $1,784 |
| 8 | Coon Rapids | $1,756 |
| 9 | Saint Louis Park | $1,754 |
| 10 | Maple Grove | $1,741 |
| 11 | Bloomington | $1,739 |
| 12 | Burnsville | $1,726 |
| 13 | Edina | $1,725 |
| 14 | Shakopee | $1,710 |
| 15 | Eden Prairie | $1,706 |
| 16 | Woodbury | $1,697 |
| 17 | Plymouth | $1,680 |
| 18 | Eagan | $1,678 |
| 19 | Minnetonka | $1,672 |
| 20 | Lakeville | $1,666 |
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Information shown are approximated as the vehicle garaging location can affect premiums significantly.
The vehicle model you are buying coverage for is one of the primary factors that determines whether or not you find economical insurance with multiple speeding tickets. Vehicles with average performance, good crash test ratings, or a track record of few liability claims will cost less to insure than adrenaline junky models.
The list below presents coverage costs for some of the more affordable vehicles to insure in Minnesota.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $2,077 |
| Ford Explorer XLT AWD | $2,329 |
| Ford Escape XLS 4WD | $2,414 |
| Toyota Tacoma Double Cab 4WD | $2,463 |
| Chevrolet Equinox LT 2WD | $2,472 |
| GMC Sierra SLE Crew Cab 2WD | $2,463 |
| Toyota Prius | $2,542 |
| Volkswagen Jetta SE 4-Dr Sedan | $2,644 |
| Ford Edge SE 2WD | $2,653 |
| Jeep Grand Cherokee Limited 2WD | $2,644 |
| Ford F-150 STX Regular Cab 4WD | $2,698 |
| Chevrolet Impala LT | $2,718 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $2,791 |
| Honda Odyssey EX | $2,802 |
| Ford Focus SES 4-Dr Sedan | $2,813 |
| Nissan Altima 2.5 S 2-Dr Coupe | $2,816 |
| Kia Optima SX | $2,826 |
| Toyota Camry Hybrid | $2,816 |
| Chevrolet Silverado LS Regular Cab 2WD | $2,843 |
| Toyota RAV4 Sport 4WD | $2,857 |
| Nissan Rogue SL 2WD | $2,912 |
| Dodge Grand Caravan SXT | $2,915 |
| Chevrolet Malibu LT | $2,922 |
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Data rating is based on single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, and homeowner. Information does not factor in specific location information which can influence auto insurance rates considerably.
Based upon the rates shown, you can assume that vehicles like the Honda CR-V, Ford Explorer, Ford Escape, and Toyota Tacoma should be a few of the cheapest vehicles to insure after a few driving violations.
Comparing quotes for low-cost insurance is hard enough, and figuring out which companies quote the cheapest auto insurance rates with multiple speeding tickets calls for additional perseverance. Every insurance company uses a slightly different approach for filing rates in each state, so we need to take a look at the auto insurance companies that tend to be cheaper in Minneapolis.
It’s important to know that Minneapolis, MN auto insurance rates are impacted by many things which can significantly increase or decrease the price you have to pay. Events such as a birthday, buying a home instead of renting, or getting a ticket for careless driving may cause policy rate changes resulting in some companies being much cheaper than others.
Best Cheap Insurance Rates with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $667 |
| 2 | USAA | $799 |
| 3 | Farm Bureau Mutual | $837 |
| 4 | Western National | $928 |
| 5 | The Hartford | $964 |
| 6 | West Bend Mutual | $981 |
| 7 | Allied | $1,198 |
| 8 | State Farm | $1,213 |
| 9 | American Family | $1,242 |
| 10 | California Casualty | $1,251 |
| 11 | Auto-Owners | $1,282 |
| 12 | General Casualty | $1,300 |
| 13 | Farmers | $1,351 |
| 14 | Auto Club Group | $1,380 |
| 15 | North Star | $1,390 |
| 16 | Nationwide | $1,420 |
| 17 | Country | $1,427 |
| 18 | Allstate | $1,437 |
| 19 | Progressive | $1,463 |
| 20 | MetLife | $1,581 |
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Travelers normally has some of the lowest car insurance rates in Minneapolis at around $667 a year. This is $754 less than the average rate paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford also rank well as some of the cheaper Minneapolis, MN car insurance companies.
In the above rates, if you are insured with The Hartford and switched to USAA, you could earn annual savings of upwards of $165. Customers with West Bend Mutual might save as much as $182 a year, and Allied customers might see rate reductions of $399 a year.
Be aware that those policy rates are averaged across all types of insureds and vehicles and and are not calculated with a specific vehicle garaging location with multiple speeding tickets. So the auto insurance company that can offer you the best price may not even be in the top 24 companies in the list above. That is why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
The information below highlights how deductible selection can impact insurance prices when researching cheap insurance with multiple speeding tickets. The premiums are based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The chart above illustrates that a 40-year-old driver could cut expenses by $302 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $456 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could drop their prices up to $766 or even more just by choosing larger deductibles.
When insureds make the decision to increase the deductibles on their policy, it will be important to have additional funds squirreled away to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Cautious drivers save money
In a perfect world, the ideal way to enjoy the cheapest auto insurance premiums in Minnesota after a few driving violations is to be a careful driver and avoid accidents and traffic violations. The diagram below shows how speeding tickets and at-fault collisions increase annual premium costs for different age categories. The premiums are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
In the prior example, the average cost of car insurance in Minneapolis per year with no accidents or violations is $1,024. Get one speeding ticket and the average cost jumps to $1,196, an increase of $171 each year. Then throw in one accident along with the one speeding ticket and the yearly cost of auto insurance with multiple speeding tickets jumps again to an average of $1,667. That’s an increase of $643, or $54 per month, just for not driving carefully!
Which auto insurance company is best in Minnesota?
Choosing a highly-rated car insurance provider is difficult considering how many companies sell coverage in Minneapolis. The information in the next section can help you analyze which auto insurers to look at shopping prices with.
These rankings are for the companies with a significant amount of written premium nationwide, so companies that may only write in Minnesota will not be included in these rankings. To get price quotes and find the cheapest rates with multiple speeding tickets, simply click here.
Top 10 Major Auto Insurers Overall in Minneapolis
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Top 10 Major Auto Insurers in Minneapolis Ranked by Customer Service
- State Farm
- Nationwide
- Safeco Insurance
- American Family
- Travelers
- Liberty Mutual
- GEICO
- Allstate
- The Hartford
- Farmers Insurance
You are probably paying too much for car insurance
Minneapolis, MN auto insurance rates are based on many factors which can significantly increase or decrease the price of your policy. Simply turning a year older, adding a teenager to your policy, or getting a few speeding tickets may prompt premium changes that may make certain companies affordable when they were higher priced.
In addition, auto insurance companies file new Minnesota car insurance rates at least once a year in order to protect their financial rating. Heavier than normal losses may cause additional premium costs, while a better claims history can cause lower-cost Minneapolis car insurance rates.
As an example, the chart below shows which company has the cheapest car insurance in Minneapolis, MN for a 30-year-old male driver with no accidents or violations, and great credit. If we look at prices based on his current rating profile, Travelers offers the most affordable car insurance rates in Minneapolis at $913 per year. This is $508 less than the average premium paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, Western National, and The Hartford are the remainder of the cheapest Minneapolis, MN auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison a claim or two, a little lower credit rating, and a traffic ticket or two. Because every insurance company has a proprietary method for establishing rates, comparing prices could result in a different list of affordable companies as shown below.
USAA now has the lowest price on auto insurance in Minneapolis, MN with Farm Bureau Mutual, Allied, California Casualty, and State Farm also having competitive pricing. This illustrates why drivers need to compare rates when trying to find the best car insurance rates with multiple speeding tickets. Prices can be determined by many things and can increase or decrease at any time, so the best company the last time you compared rates may now be one of the higher cost companies.