The words “bargain” and “auto insurance” really shouldn’t be used in the same sentence, specifically when looking for the best price on coverage for a learners permit. To save some money, let’s start the ball rolling by going over a few of the things that significantly impact car insurance premiums, and come up with some ways to reduce the price of your next policy.
The car, truck, or SUV that is being insured is a large factor when comparison shopping for the cheapest insurance for a learners permit. Vehicles with high performance features, poor safety features, or high incidents of liability claims will cost much more to insure than more economical and safe models.
The table below features auto insurance rates for some of the more affordable automobiles to insure in Minnesota.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $5,009 |
| Honda CR-V EX-L 4WD | $5,016 |
| Honda Accord EX-L 4-Dr Sedan | $5,325 |
| Volkswagen Jetta S 2.5 Station Wagon | $5,334 |
| Toyota Prius | $5,373 |
| Honda Odyssey LX | $5,520 |
| Ford Explorer XLT 2WD | $5,570 |
| Ford F-150 XL Super Cab 4WD | $5,575 |
| Toyota RAV4 Sport 2WD | $5,886 |
| Dodge Grand Caravan Hero | $5,891 |
| Jeep Grand Cherokee Laredo 4WD | $5,886 |
| Chevrolet Silverado LT Extended Cab 4WD | $5,891 |
| Nissan Altima 2.5 4-Dr Sedan | $5,886 |
| Chevrolet Impala LT | $5,894 |
| Chevrolet Malibu Hybrid | $5,886 |
| Toyota Tacoma Double Cab 4WD | $5,933 |
| Ford Focus SES 4-Dr Sedan | $6,149 |
| Honda Civic LX-S 4-Dr Sedan | $6,158 |
| Toyota Camry SE | $6,199 |
| Hyundai Elantra GLS 4-Dr Sedan | $6,209 |
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Prices based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in vehicle garaging location which can impact auto insurance rates considerably.
Based upon these rates, you can presume that models like the Ford Escape, Honda CR-V, and Honda Accord are most likely going to be some of the cheapest vehicles to insure for new drivers. The price for an auto insurance policy will be more expensive just due to the fact that there is more liability exposure for a learners permit, but in general those particular vehicles will probably have the lowest prices compared to other vehicles.
Establishing which companies have the best insurance rates for a learners permit takes a tad more effort in order to find the most economical policy. Every auto insurer has their own unique process to establish rates, so let’s examine the most budget-friendly insurance companies in Minneapolis.
It’s a good idea to be aware that Minnesota insurance rates are influenced by many factors that can increase the cost of a policy. Improving your credit score, buying a home, or getting into an accident can trigger changes in premium resulting in some rates now being cheaper than others.
Find the Cheapest Auto Insurance in Minnesota
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $661 |
| 2 | Farm Bureau Mutual | $829 |
| 3 | USAA | $831 |
| 4 | Western National | $910 |
| 5 | The Hartford | $936 |
| 6 | West Bend Mutual | $943 |
| 7 | Allied | $1,198 |
| 8 | California Casualty | $1,214 |
| 9 | American Family | $1,242 |
| 10 | State Farm | $1,263 |
| 11 | General Casualty | $1,274 |
| 12 | Auto-Owners | $1,295 |
| 13 | Nationwide | $1,364 |
| 14 | Farmers | $1,365 |
| 15 | Auto Club Group | $1,380 |
| 16 | North Star | $1,390 |
| 17 | Progressive | $1,448 |
| 18 | Country | $1,455 |
| 19 | Allstate | $1,467 |
| 20 | MetLife | $1,596 |
| Find Your Rate Go | ||
Travelers offers some of the cheapest car insurance rates in Minneapolis at around $661 a year. Farm Bureau Mutual, USAA, Western National, and The Hartford also are some of the more affordable Minneapolis, MN car insurance companies.
As depicted above, if you are insured with Western National and switched to Farm Bureau Mutual, you could realize a yearly price reduction of upwards of $81. Insureds with The Hartford might save as much as $107 a year, and West Bend Mutual customers might lower prices by up to $114 a year.
Understand that those premium estimates are averages across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for a learners permit. So the car insurance company that fits your needs best may not even be in the list above. That emphasizes why you need to get car insurance quotes using your own specific driver and vehicle information.
For new drivers, one of the more important components that determine the amount you pay each year for auto insurance is where you choose to live in Minneapolis. Cities with larger populations tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from lower rates.
The table below lists the most costly cities in Minnesota for a learners permit to buy car insurance in. Minneapolis comes in at #2 with a yearly premium of $2,058 for the average policy, which is about $172 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Maplewood | $2,066 |
| 2 | Minneapolis | $2,058 |
| 3 | Saint Paul | $1,988 |
| 4 | Brooklyn Park | $1,816 |
| 5 | Bloomington | $1,809 |
| 6 | Richfield | $1,796 |
| 7 | Coon Rapids | $1,792 |
| 8 | Edina | $1,777 |
| 9 | Maple Grove | $1,741 |
| 10 | Blaine | $1,731 |
| 11 | Duluth | $1,724 |
| 12 | Eden Prairie | $1,723 |
| 13 | Shakopee | $1,710 |
| 14 | Saint Louis Park | $1,702 |
| 15 | Lakeville | $1,700 |
| 16 | Saint Cloud | $1,686 |
| 17 | Woodbury | $1,680 |
| 18 | Apple Valley | $1,680 |
| 19 | Burnsville | $1,675 |
| 20 | Plymouth | $1,663 |
| 21 | Eagan | $1,661 |
| 22 | Minnetonka | $1,655 |
| 23 | Rochester | $1,623 |
| 24 | Moorhead | $1,550 |
| 25 | Mankato | $1,489 |
| Find the Best Rates Go | ||
Rate quotes are approximated as specific location information can alter price quotes noticeably.
The information below highlights how deductible selection can raise or lower insurance costs when trying to find cheap insurance for a learners permit. The costs are based on a married male driver, comp and collision included, and no discounts are applied.
The chart above illustrates that a 50-year-old driver could lower their policy premium by $266 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $400 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could shave up to $884 or more by selecting a higher deductible. When increasing deductibles, it will be required to have enough savings set aside to enable you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Types of discounts on Minneapolis auto insurance rates
Auto insurance companies that offer quotes for a learners permit may additionally offer discounts that could lower prices by 25% or more if you qualify. A list of insurance companies and a partial list of their discounts are included below.
- AAA policyholders can earn discounts including pay-in-full, multi-car, education and occupation, good student, AAA membership discount, and good driver.
- Progressive has savings for online quote discount, online signing, multi-vehicle, continuous coverage, good student, and multi-policy.
- State Farm may include discounts for driver’s education, multiple autos, accident-free, Steer Clear safe driver discount, safe vehicle, good student, and passive restraint.
- Esurance has discounts for renters, DriveSense, anti-lock brakes, emergency road assistance, paid-in-full, and Switch & Save.
- Nationwide includes discounts for defensive driving, family plan, Farm Bureau membership, anti-theft, business or organization, accident-free, and easy pay.
The information below visualizes the comparison of car insurance rates with and without discounts applied to the policy premium. The information is based on a male driver, a clean driving record, no claims, Minnesota state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with paperless filing, vehicle safety, continuous coverage, anti-theft, passive restraint, and good student discounts applied. When taking advantage of discounts, the average savings per year on insurance for a learners permit is 28% or $714.
Insuring your vehicle with a high-quality insurance company is hard considering how many companies sell coverage in Minneapolis. The rank data displayed below could help you choose which companies to look at purchasing coverage from.
These rankings are for companies that insure vehicles across America, so companies without a large exposure are not included in these rankings. To compare prices from the most competitive companies in Minnesota, simply click here.
| 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
Ideas for buying budget-friendly insurance for a learners permit
Lowering your rates is not difficult, and here are some of the recommended money-saving ideas that can help you find cheap coverage.
- Try to pay small claims out-of-pocket
- Save money by obeying traffic laws and keeping a clean driving record
- Insure your home and auto with the same company
- Higher credit scores may earn you cheaper rates
- Increase your policy deductibles
- Prevent rate increases by staying accident-free
- Keep rates low by shopping around frequently
That last idea is certainly significant, as we discussed in the article above. Prices vary considerably, so drivers shouldn’t be resistant to buy from a different company if you find a better deal.
Staying with the same company for years is fine, but it isn’t a good idea if that faithfulness ends up costing you thousands of dollars over the life of your policy. It takes less than five minutes to shop around and find cheaper insurance for a learners permit in Minneapolis.
If you wish to have a professional recommendation when comparing insurance rates for a learners permit, the agents below can help you make a decision which coverages and limits you need.
To find an auto insurance agency in your neighborhood, click the button at the bottom of the list or click here to compare rates now.
- State Farm: Brandon Walter
222 S 9th St #270 – Minneapolis, MN 55402 – (612) 843-8444 - Oakwood Insurance Inc
5188 Central Ave NE – Minneapolis, MN 55421 – (763) 862-4800 - Farmers Insurance – Mark Hansen
6001 Portland Ave – Minneapolis, MN 55417 – (612) 869-7760 - Minneapolis Insurance Specialists Team
333 N Washington Ave – Minneapolis, MN 55401 – (612) 460-7796 - AAA Minneapolis Insurance
5400 Auto Club Way – Minneapolis, MN 55416 – (952) 927-2518