How to Save on Dodge Avenger Insurance in Minneapolis

If saving the most money is your goal, then the best way to get cheaper car insurance rates in Minneapolis is to start doing a yearly price comparison from different companies who sell auto insurance in Minnesota.

• Step 1: Get a basic knowledge of how insurance works and the things you can change to keep rates down. Many risk factors that are responsible for high rates like at-fault accidents, speeding tickets, and a poor credit rating can be amended by improving your driving habits or financial responsibility. This article provides more details to lower rates and find possible discounts that are available.
• Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
• Step 3: Compare the new rate quotes to your existing policy to determine if switching companies saves money. If you find better rates and buy the policy, make sure there is no lapse in coverage.
• Step 4: Tell your current company to cancel the current policy. Submit the required down payment along with the signed application to the new company. Immediately place your new certificate verifying coverage in your vehicle’s glove compartment or console.

A good tip to remember is to try to compare similar deductibles and liability limits on every quote and and to get rate quotes from as many carriers as you can. Doing this provides an apples-to-apples comparison and a better comparison of the market.

It’s easy to assume that insurance companies want to keep you from shopping around. Drivers who shop around at least once a year will, in all likelihood, switch companies because there is a high probability of finding coverage at a more affordable price. A survey found that drivers who compared prices once a year saved about $865 a year compared to drivers who never shopped for cheaper rates.

If finding budget-friendly rates on auto insurance in Minneapolis is your ultimate objective, then having some knowledge of how to find companies and compare insurance rates can help you succeed in saving money.

If you already have coverage, you will surely be able to shop for the lowest rates using the tips covered below. Buying affordable auto insurance in Minneapolis can be made easier if you know where to look. Nevertheless, Minnesota drivers must learn the way companies price online insurance because it varies considerably.

To find the best insurance rates, there are several ways to compare quotes from different Minneapolis insurance companies. One of the best ways to find the lowest Dodge Avenger rates is simply to get online rate quotes.

Doing price comparisons online is so simple that it makes it a waste of time to waste gas driving to insurance agencies in your area. Comparing online rate quotes can eliminate the need for a local agent unless you want the extra assistance only provided by licensed Minneapolis agents. Although you can find lower rates online but buy the policy through an agent. When comparison shopping, comparing all the rates in your area helps you find more affordable insurance.

The companies shown below are our best choices to provide free rate quotes in Minneapolis, MN. If your goal is to find the best cheap car insurance in Minneapolis, MN, we suggest you get rates from several of them to get the lowest price.

Why do I need car insurance?

Even though Minneapolis Avenger insurance rates can get expensive, car insurance is required in Minnesota but it also protects you in many ways.

• Most states have minimum mandated liability insurance limits which means you are required to buy specific minimum amounts of liability insurance coverage in order to drive the car legally. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Dodge Avenger has a loan, almost every bank will force you to carry insurance to protect their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your Dodge at a more expensive rate and force you to pay for the much more expensive policy.
• Insurance safeguards both your assets and your car. Insurance will pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance more than cancel out the cost, especially if you ever need it. On average, a vehicle owner in Minneapolis is overpaying over $865 each year so compare quotes from several companies at every policy renewal to help ensure money is not being wasted.

Car insurance statistics for a Dodge Avenger

The rate information below highlights detailed analysis of policy rates for Dodge Avenger models. Having a better idea how rate quotes are established can be useful when making decisions on which insurance to purchase.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in specific Minneapolis garaging location which can modify prices significantly.

Policy deductibles

When shopping for car insurance, a common question is how high should the physical damage coverage deductibles be. The rates shown below sum up the cost difference between low and high physical damage coverage deductibles. The first rate quote example uses a $250 deductible and the second price chart uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in specific garaging location which can decrease or increase coverage rates noticeably.

Based on the above data, using a $250 deductible will cost you approximately $25 more each month or $300 each year than buying the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 30 months between claims, you would save more money if you opt for a higher deductible.

The example below highlights how deductible choice and can change Dodge Avenger annual premium costs for different age groups of insureds. Data assumes a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

Rate comparison of male drivers versus female drivers

The information below shows the comparison of Dodge Avenger premium costs for male and female drivers. The data assumes a clean driving record, no claims, full physical damage coverage, $250 deductibles, single marital status, and no additional discounts are factored in.

Cost of full coverage in Minneapolis

The information below shows the difference between Dodge Avenger auto insurance costs with liability coverage only compared to full coverage. The rate quotes are based on no claims or violations, $250 deductibles, drivers are single, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no set guideline for phasing out full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your Dodge Avenger replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $4,000 after paying your deductible. If you are paying over $400 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are a few situations where eliminating full coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Get cheaper Dodge Avenger insurance in Minneapolis with discounts

Not too many consumers would say car insurance is affordable, but there could be available discounts that many people don’t even know exist. Certain reductions will be credited when you purchase, but a few need to be inquired about before being credited.

• Passive Restraints – Factory options such as air bags or automatic seat belts may qualify for discounts of more than 20%.
• Fewer Miles Equal More Savings – Low annual miles could qualify for lower premium rates due to less chance of an accident.
• Defensive Driving Course – Completing a defensive driver class can save you 5% or more and make you a better driver.
• Senior Discount – If you qualify as a senior citizen, you could receive reduced rates.
• Memberships – Having an affiliation with certain professional organizations is a good way to get lower rates when getting a Minneapolis car insurance quote.
• Distant Student – Older children who are enrolled in higher education away from home and leave their car at home can receive lower rates.
• Active Military Service – Being deployed in the military could qualify you for better premium rates.

As is typical with insurance, some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, nobody gets a free ride.

The example below compares Dodge Avenger yearly insurance costs with and without discounts applied. The premium estimates are based on a female driver, no claims, a clean driving record, Minnesota state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, multi-policy, safe-driver, and multi-car discounts applied.

Popular car insurance companies and some of the premium reductions they offer are outlined below.

• Farm Bureau may include discounts for renewal discount, safe driver, youthful driver, good student, multi-vehicle, 55 and retired, and driver training.
• State Farm has savings for multiple policy, good driver, safe vehicle, defensive driving training, and student away at school.
• Progressive includes discounts for multi-policy, online signing, multi-vehicle, homeowner, continuous coverage, and online quote discount.
• Allstate offers discounts for senior citizen, anti-lock brakes, anti-theft, farm vehicle, economy car, and multi-policy.
• Nationwide offers discounts including defensive driving, business or organization, Farm Bureau membership, multi-policy, easy pay, anti-theft, and good student.
• MetLife may have discounts that include defensive driver, good driver, claim-free, accident-free, and good student.

Before purchasing a policy, check with each insurance company which discounts you qualify for. Some of the earlier mentioned discounts might not apply in Minneapolis. If you would like to choose from a list of companies that provide some of the discounts listed above in Minnesota, click here.

What is the best insurance coverage?

When selecting a policy for your vehicles, there is no perfect coverage plan. Your needs are unique to you.

These are some specific questions might point out if your situation would benefit from an agent’s advice.

• Is extra glass coverage worth it?
• Can I still get insurance after a DUI?
• Does liability extend to a camper or trailer?
• Is business equipment covered while in my vehicle?
• Does medical payments coverage apply to all occupants?
• Does low annual mileage earn a discount?
• Are rock-chip repairs free?
• Does car insurance cover theft of personal property?
• When should I not buy collision coverage?
• What is the rate difference between pleasure use and commuting?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form.