Cheapest Ford Flex Insurance in Minneapolis

We don’t have to tell you that car insurance companies don’t want policyholders to shop around. Insureds who compare other prices are likely to switch companies because they have a good chance of finding a more affordable policy. A recent survey revealed that drivers who compared rates annually saved about $3,400 over four years as compared to drivers who never compared prices.

If saving the most money on auto insurance in Minneapolis is your objective, learning how to shop and compare auto insurance can save time and money.

Truthfully, the best way to find discount car insurance rates in Minneapolis is to do an annual price comparison from insurers who provide car insurance in Minnesota. This can be done by completing these steps.

• Step 1: Try to learn a little about car insurance and the modifications you can make to keep rates down. Many policy risk factors that increase rates like at-fault accidents, speeding tickets, and poor credit history can be remedied by improving your driving habits or financial responsibility. Later in this article we will cover information to help find cheaper rates and find discounts that you may qualify for.
• Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can quote rates for a wide range of companies.
• Step 3: Compare the quotes to your existing policy and determine if there is any savings. If you find better rates and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
• Step 4: Give notification to your agent or company to cancel your current auto insurance policy and submit a down payment along with a completed application for your new policy. Once the application is submitted, place the new proof of insurance certificate somewhere easily accessible.

One piece of advice is that you’ll want to make sure you compare the same coverage limits and deductibles on every quote request and and to compare as many carriers as you can. This provides an apples-to-apples comparison and many rates to choose from.

If you have a policy now, you will definitely be able to find the best rates using this information. This article will tell you how to get online quotes. Although Minnesota vehicle owners must know the way companies sell insurance online and use this information to your advantage.

The easiest way to compare policy rates for Ford Flex insurance in Minneapolis is to know most larger insurance companies pay for the opportunity to give rate comparisons. The only thing you need to do is provide a little information like your general credit rating, which vehicles you own, if you lease or own, and how your vehicles are used. That rating information gets transmitted to all major companies and you will get price comparisons very quickly.

To compare rates for your car now, click here and enter the information requested.

The car insurance companies shown below have been selected to offer price comparisons in Minneapolis, MN. If you wish to find the best auto insurance in Minneapolis, MN, we suggest you click on several of them to get a more complete price comparison.

Three reasons to not skimp on insurance

Even though it’s not necessarily cheap to insure a Ford in Minneapolis, insurance serves an important purpose.

First, the majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability in order to drive the car. 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.

Second, if you bought your Ford Flex with a loan, most banks will require that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank or lender will purchase a policy for your Ford at a much higher premium rate and force you to pay for it.

Third, insurance safeguards both your assets and your Ford. It will also provide coverage for all forms of medical expenses incurred in an accident. Liability coverage will also pay for a defense attorney if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your insurance policy will pay all costs to repair after the deductible has been paid.

The benefits of buying insurance are definitely more than the cost, particularly for liability claims. But the average driver in Minnesota is overpaying over $830 a year so compare rates at every policy renewal to save money.

Insurance statistics and figures

The rate table displayed below highlights detailed analysis of insurance coverage prices for Ford Flex models. Learning more about how insurance policy rates are figured is important to be able to make smart choices when comparing insurance quotes.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in zip code location which can impact price quotes considerably.

Policy deductible comparison

One of the more difficult decisions when buying insurance is what deductibles to buy. The premium rates below illustrate the differences in price when you select higher and lower comp and collision deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify price quotes significantly.

Based on the figures above, using a $100 deductible costs approximately $36 more each month or $432 each year across all Ford Flex models than selecting the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 25 months between claims, you would probably come out ahead by selecting a higher deductible.

Safe drivers Minneapolis pay cheaper rates

The information below illustrates how traffic citations and at-fault claims raise Ford Flex insurance premiums for different categories of driver ages. The data is based on a single female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.

Rate difference between full and liability-only coverage

The information below compares Ford Flex annual premium costs when comparing full coverage to liability only. The rates are based on no claims or driving citations, $1,000 deductibles, single status, and no discounts are applied to the premium.

When to switch to liability coverage only

There is no exact formula to stop buying physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Ford Flex book value is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If it’s costing in excess of $200 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not buy liability only.

These discounts can lower Ford Flex insurance rates

Insurance is not cheap nor is it fun to buy but you can get discounts that can help lower your rates. Some discounts apply automatically at quote time, but lesser-known reductions have to be specially asked for before you will receive the discount. If they aren’t giving you every credit available, it’s possible you qualify for a lower rate.

• New Vehicle Savings – Insuring a vehicle that is new is cheaper since new model year vehicles have better safety ratings.
• Full Payment Discount – If paying your policy premium upfront rather than paying monthly you may reduce your total bill.
• Passenger Safety Discount – Options like air bags or motorized seat belts may qualify for discounts up to 30%.
• ABS Brakes – Anti-lock brake equipped vehicles can avoid accidents and the ABS can save up to 10%.
• Telematics Discount – Insureds that choose to allow driving data submission to spy on driving patterns by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they show good driving skills.
• Military Discounts – Having a family member in the military could qualify you for better premium rates.
• Own a Home and Save – Owning a home in Minneapolis can earn you a little savings because maintaining a house means you have a higher level of financial diligence.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. Most cut individual premiums such as collision or personal injury protection. If you do the math and it seems like it’s possible to get free car insurance, insurance companies aren’t that generous.

The diagram below compares Ford Flex insurance prices with and without discounts applied to the premium. The data assumes a male driver, no accidents or driving violations, Minnesota state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, safe-driver, multi-policy, and multi-car discounts applied.

To choose providers who offer insurance discounts in Minneapolis, click here.

Local agents and insurance

Many drivers prefer to get professional advice from a licensed agent and there is nothing wrong with that. One of the benefits of comparing insurance online is the fact that you can find better rates but also keep your business local.

To help locate an agent, after submitting this simple form, the quote information is emailed to companies in Minneapolis who will give you bids for your coverage. There is no need to drive around due to the fact that quote results will go immediately to you. It’s the lowest rates and an insurance agent to talk to. In the event you want to quote rates from a specific insurance provider, feel free to visit that company’s website and submit a quote form there.

Choosing the best insurance company should depend on more than just the price. Some important questions to ask are:

• Which company do they place the most coverage with?
• Does the agency support the community they serve?
• Does the quote include credit and driving reports?
• How many companies do they write for?
• Do they review policy coverages at every renewal?

When narrowing the list to find a local Minneapolis insurance agency, it’s important to understand the different types of agents that you can choose from. Agencies in Minneapolis can be described as either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agents

These agents can only place business with one company such as Farmers Insurance or State Farm. Exclusive agents are unable to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents receive a lot of sales training on sales techniques which helps them sell on service rather than price. A lot of people purchase coverage from exclusives mainly due to loyalty to the company and the convenience of having a single billing for all their coverages.

Below are exclusive agents in Minneapolis who may provide you with comparison quotes.

• Farmers Insurance – Steven Wolfson
  1516 W Lake St Suite 203 – Minneapolis, MN 55408 – (612) 822-1287 – View Map
• Farmers Insurance – Gretchen Frana
  5445 S 28th Ave – Minneapolis, MN 55417 – (612) 724-4309 – View Map
• Kelly Mulligan Allstate Insurance Agency
  80 8th St S – Minneapolis, MN 55402 – (612) 713-9253 – View Map

More Minneapolis agents

Independent Agents (or Brokers)

Agents that choose to be independent do not sell for just one brand so they have the ability to put coverage with any number of different companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they simply move the coverage in-house and you stay with the same agent. When comparing rates, you definitely need to include rate quotes from at least one independent agent to maximize your price options. Most also write with companies that do not advertise much which may have better rates.

Listed below are independent agencies in Minneapolis that are able to give comparison quotes.

• Patrick J. Thomas Agency
  121 S 8th St #980 – Minneapolis, MN 55402 – (612) 339-5522 – View Map
• Erickson Insurance Agency
  8525 Edinbrook Crossing #401 – Minneapolis, MN 55443 – (763) 657-7608 – View Map
• Higgins Insurance
  2214 Central Ave NE – Minneapolis, MN 55418 – (612) 789-7231 – View Map

More Minneapolis agents

Do I need special coverages?

Always keep in mind that when comparing proper insurance coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that.
These are some specific questions could help you determine whether or not you would benefit from professional advice.

• Can I get by with minimal medical coverage if I have good health insurance?
• Am I covered if my car is in a flood?
• Do I need replacement cost coverage on my Ford Flex?
• Should I waive the damage coverage when renting a car?
• Which is better, split liability limits or combined limits?
• Which companies will insure high-risk drivers?

If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

One last thing about your coverage

Lower-priced Ford Flex insurance in Minneapolis can be bought both online as well as from insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not have rates over the internet and many times these regional carriers only sell coverage through local independent agencies.

We covered many tips how you can lower your Ford Flex insurance rates in Minneapolis. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding affordable Ford Flex insurance quotes. You may even be surprised to find that the best price on auto insurance is with the least-expected company. These smaller insurers may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as State Farm or Progressive.

Additional auto insurance information is located on the following sites:

• Auto Crash Statistics (Insurance Information Institute)
• Who Has Affordable Minneapolis Auto Insurance Rates for Immigrants? (FAQ)
• Teen Driving Statistics (iihs.org)
• Auto Insurance Learning Center (State Farm)
• Five Mistakes to Avoid (Insurance Information Institute)
• Parking Tips to Reduce Door Dings (State Farm)