Auto Insurance Rates for a Ford Transit Connect in Minneapolis

Do you want an efficient way to compare lower-priced Ford Transit Connect insurance in Minneapolis? Sick and tired of being strong-armed to keep your car insured? You’re in the same situation as the majority of other people in Minnesota.

It’s a known fact that car insurance companies don’t want policyholders to shop around. Insureds who compare rates annually are inclined to switch to a new company because there is a great chance of finding lower prices. Remarkably, a study showed that drivers who routinely shopped for cheaper coverage saved on average $3,400 over four years compared to other drivers who don’t make a habit of comparing rates.

If finding the lowest rates on insurance is your ultimate target, then learning a little about how to quote prices and compare auto insurance can make it easier for you to save money. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate all claim big savings with fancy advertisements and it is difficult to separate fact from fiction and take the time to shop coverage around.

You should take the time to compare prices before your next renewal since insurance prices are adjusted regularly by insurance companies. Just because you had the lowest quotes on Ford Transit Connect insurance in Minneapolis two years ago you may be paying too much now. Ignore everything you know about car insurance because I’m going to teach you one of the best ways to properly buy coverages and cut your premium.

Companies offering Ford Transit Connect insurance in Minnesota

The providers in the list below provide quotes in Minneapolis, MN. In order to find the best car insurance in Minnesota, it’s highly recommended you get rate quotes from several of them in order to find the lowest rates.

Coverage analysis

The price information shown next showcases a range of coverage costs for Ford Transit Connect models. Having a better understanding of how insurance prices are figured can be of help when making smart choices when selecting a coverage provider.

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Table data does not factor in vehicle garaging location which can impact coverage rates considerably.

Higher deductibles lower rates

One frequently asked question is how high or low should comp and collision deductibles be. The tables below determine the price difference when you choose different policy deductibles. The first set of prices uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price estimates do not factor in specific location which can increase or decrease coverage prices considerably.

We can estimate from the data above that using a $100 deductible costs roughly $30 more each month or $360 every year across all Ford Transit Connect models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average more than 30 months between claims, you would come out ahead going with the higher deductible. The numbers below show how you can come to your own conclusion.

One important issue to know is that raising deductibles means you will have to pay more when you have a physical damage claim. That will force you to have enough savings in the event you have to pay the deductible for vehicle repair.

How careless driving impacts Minneapolis auto insurance rates

The diagram below shows how speeding tickets and at-fault fender-benders increase Ford Transit Connect insurance costs for different age groups. The rates are based on a single female driver, full coverage, $250 deductibles, and no other discounts are factored in.

Ford Transit Connect insurance discounts in Minneapolis

Insuring your fleet can be pricey, but you might find some hidden discounts that many people don’t even know exist. A few discounts will automatically apply at the time of quoting, but less common discounts must be manually applied prior to getting the savings.

• Switch and Save Discount – A few insurance companies offer discounts for switching to them before your current coverage expires. It’s a savings of about 10%.
• Distant Student Discount – Any of your kids who are enrolled in higher education away from home and don’t have a car may be insured at a cheaper rate.
• Buy New and Save – Insuring a new Transit Connect can get you a discount since newer models have better safety ratings.
• ABS Braking Discount – Vehicles with ABS braking systems or traction control prevent accidents and qualify for as much as a 10% discount.
• One Accident Forgiven – This isn’t a discount exactly, but companies like GEICO, State Farm, and Progressive may permit one accident before they charge you more for coverage so long as you haven’t had any claims for a particular time prior to the accident.
• Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
• Club Memberships – Joining a civic or occupational organization in Minneapolis may earn a discount on your policy.
• Anti-theft Discount – Cars and trucks with anti-theft systems are less likely to be stolen and will save you 10% or more on Transit Connect insurance in Minneapolis.
• Multiple Vehicles – Insuring multiple cars on the same insurance policy can get a discount on all vehicles.
• Passive Restraints – Options like air bags or automatic seat belts may earn rate discounts of 20% or more.

Discounts lower rates, but most discount credits are not given to all coverage premiums. Most cut specific coverage prices like collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, you aren’t that lucky. But any discount should help reduce your premiums.

The example below illustrates the comparison of Ford Transit Connect insurance premiums with and without discounts applied. The rate quotes are based on a female driver, no claims or violations, Minnesota state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, safe-driver, multi-policy, and claim-free discounts applied.

To see insurance companies that offer the discounts shown above in Minnesota, click here to view.

Different people need different car insurance coverages

Always keep in mind that when comparing the right insurance coverage for your vehicles, there really is no “best” method to buy coverage. You are unique.

For instance, these questions can aid in determining whether or not you could use an agent’s help.

• What policy terms are available?
• Is my son or daughter covered when driving my car?
• What does PIP insurance cover?
• Is extra glass coverage worth it?
• Am I covered if I back into my garage door?
• Do I get a pro-rated refund if I cancel my policy early?
• Which companies will insure high-risk drivers?
• What if I don’t agree with a claim settlement offer?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It is quick, free and may give you better protection.

Get rate quotes but work with a local neighborhood Minneapolis car insurance agent

Many people prefer to buy from a licensed agent and that is not a bad decision Professional insurance agents are very good at helping people manage risk and help submit paperwork. The biggest benefit of getting online price quotes is you can get the best rates and still have a local agent. Buying from neighborhood insurance agencies is still important in Minneapolis.

To help locate an agent, after submitting this simple form, your information is immediately sent to agents in your area who can give free rate quotes for your business. There is no need to search for an agent as quotes are delivered immediately to your email address. In the event you want to get a comparison quote from a specific company, you can always visit that company’s website to submit a rate quote request.

Exclusive or Independent: There is a difference

If you are wanting to find a local agent, you need to know there are two types of insurance agents and how they can quote your rates. Agents are categorized either exclusive or independent. Both types can sell affordable car insurance policies, but it’s worth mentioning the difference between them since it may influence which agent you choose.

Independent Car Insurance Agencies

Agents that choose to be independent are not locked into one company so they can write business with any number of different companies and help determine which has the cheapest rates. To move your coverage to a new company, they simply switch companies in-house which is easy for the insured.

If you are comparing car insurance prices, we highly recommend that you compare prices from several independent agencies to have the most options to choose from.

Shown below is a partial list of independent agencies in Minneapolis who may be able to give you free rate quotes.

View more agents

Exclusive Insurance Agencies

Exclusive insurance agents can only quote rates from one company such as Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot give you multiple price quotes so they have no alternatives for high prices. These agents are usually well trained on sales techniques which helps them sell insurance even at higher premiums.

Listed below are Minneapolis exclusive agencies willing to provide rate quotes.

View more agents

Selecting an auto insurance agent requires you to look at more than just a low price. Any good agent in Minneapolis should know the answers to these questions.

• Is there a local claims center in Minneapolis?
• Is the coverage adequate for your vehicle?
• How often do they review policy coverages?
• How long have they been in business?
• What is the agency’s Better Business Bureau rating?
• Can you get a list of referrals?
• What insurance companies do they recommend if they are an independent agent?
• Is assistance available after office hours?

After talking to the agent and getting answers to your satisfaction to all your questions and inexpensive Ford Transit Connect insurance in Minneapolis quotes, you’ve probably found an auto insurance agent that is reliable enough to insure your vehicles.

Insurance coverage breakdown

Knowing the specifics of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Liability insurance – Liability coverage provides protection from damage that occurs to a person or their property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 30/60/10 which means a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things such as loss of income, attorney fees, medical expenses, bail bonds and structural damage. How much liability should you purchase? That is up to you, but you should buy higher limits if possible. Minnesota requires minimum liability limits of 30/60/10 but you should think about purchasing better liability coverage.

The next chart shows why the minimum limit may not be enough.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like damage from getting keyed, damage from flooding, hitting a deer, a broken windshield and vandalism. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision – Collision coverage will pay to fix damage to your Transit Connect resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as scraping a guard rail, sustaining damage from a pot hole, driving through your garage door, colliding with a tree and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also increase the deductible on your Transit Connect in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your Ford Transit Connect.

Because many people have only the minimum liability required by law (which is 30/60/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for rehabilitation expenses, EMT expenses and hospital visits. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Car insurance savings summarized

Cheaper Ford Transit Connect insurance in Minneapolis is available online as well as from independent agents in Minneapolis, and you should be comparing both to get a complete price analysis. Some insurance providers may not have online price quotes and usually these small insurance companies work with independent agents.

In this article, we covered a lot of ways to save on Ford Transit Connect insurance in Minneapolis. The key concept to understand is the more providers you compare, the better likelihood of getting inexpensive Minneapolis car insurance quotes. Consumers could even find that the biggest savings come from some of the smallest insurance companies.

Insureds who switch companies do it for many reasons like policy cancellation, policy non-renewal, high rates after DUI convictions or delays in paying claims. Regardless of your reason, choosing a new company can be less work than you think.

Steps to saving on Ford Transit Connect insurance in Minneapolis

Truthfully, the best way to find better pricing on Ford Transit Connect insurance is to start comparing prices regularly from companies that insure vehicles in Minneapolis. This can be done by following these steps.

• First, gain an understanding of how insurance companies determine prices and the modifications you can make to keep rates low. Many factors that drive up the price like multiple speeding tickets and an unacceptable credit score can be eliminated by making minor changes to your lifestyle.
• Second, compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can give you price quotes from multiple insurance companies. View a list of agents
• Third, compare the new rate quotes to your current policy to see if a cheaper rate is available. If you find better rates, make sure there is no coverage gap between policies.

A tip to remember is to make sure you’re comparing identical limits and deductibles on each quote request and and to look at as many different insurance providers as possible. Doing this ensures an apples-to-apples comparison and the best price selection.

To read more, feel free to visit the articles below:

• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• Who Has the Cheapest Car Insurance Quotes for Inexperienced Drivers in Minneapolis? (FAQ)
• Who Has Cheap Minneapolis Auto Insurance Rates for Good Drivers? (FAQ)
• What Auto Insurance is Cheapest for Felons in Minneapolis? (FAQ)
• What Insurance is Cheapest for Single Moms in Minneapolis? (FAQ)
• How Much are Car Insurance Quotes for a GMC Sierra in Minneapolis? (FAQ)
• What Auto Insurance is Cheapest for a Company Car in Minneapolis? (FAQ)
• What is a Telematics Device? (Allstate)
• Frontal Crash Tests (iihs.org)
• Tread Depth and Tire Safety (State Farm)
• Vehicle Insurance in the U.S. (Wikipedia)