Unbelievably, most Minnesota insurance customers kept buying from the same company for over three years, and just under half have never compared quotes from other companies. American drivers can save hundreds of dollars each year just by shopping around, but they don’t invest the time required to compare rate quotes.
To save the most money, the best way to get more affordable Oldsmobile Alero insurance in Minneapolis is to make a habit of regularly comparing prices from insurance carriers who provide auto insurance in Minnesota. You can shop around by following these guidelines.
- Step 1: Take a few minutes and learn about the coverage provided by your policy and the measures you can take to prevent high rates. Many policy risk factors that are responsible for high rates like traffic citations, accidents, and a bad credit rating can be controlled by improving your driving habits or financial responsibility. Read the full article for more information to find cheap prices and earn larger discounts.
- Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices for a wide range of insurance providers. View rates
- Step 3: Compare the quotes to your existing rates to see if you can save by switching companies. If you find a lower rate quote, ensure coverage does not lapse between policies.
One key aspect when comparing rates is to make sure you enter the same liability limits and deductibles on every quote and to quote with as many carriers as you can. This enables the most accurate price comparison and a better comparison of the market.
If you already have coverage, you will surely be able to reduce premiums using the concepts you’re about to learn. Our goal in writing this article tell you how insurance works and how you can save the most money. Nevertheless, Minnesota consumers must know how big insurance companies sell online and use it to your advantage.
Discount Minneapolis insurance rates
Insurance is not an enjoyable expense, but discounts can save money and there are some available that can drop the cost substantially. Some discounts will apply when you quote, but a few must be inquired about before being credited. If you check and find you aren’t receiving every discount you qualify for, you are throwing money away.
- Discount for Good Grades – A discount for being a good student may save you up to 25%. Earning this discount can benefit you well after school through age 25.
- Early Signing – Select insurance companies give a discount for buying a policy prior to your current Alero insurance policy expiring. It can save you around 10%.
- Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
- Professional Organizations – Joining specific professional or occupational memberships or organizations may earn a discount on your next renewal.
- Distant College Student Discount – Older children who are enrolled in a college that is more than 100 miles from Minneapolis and do not have access to a covered vehicle can be insured at a reduced rate.
- Discount for New Cars – Buying insurance coverage on a new vehicle can be considerably cheaper since new vehicles have better safety ratings.
- Multi-Vehicle Discounts – Drivers who insure primary and secondary vehicles with the same insurance company can get a discount on all vehicles.
Discounts save money, but please remember that most of the big mark downs will not be given to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like adding up those discounts means a free policy, insurance companies aren’t that generous. But all discounts will definitely lower the cost of your policy.
To view insurance companies with the best discounts in Minnesota, click here.
To get affordable Minneapolis car insurance quotes, there a variety of ways to compare rate quotes from insurance companies in your area. The simplest method to find affordable Oldsmobile Alero insurance rates is simply to get online rate quotes. Keep in mind that quoting more increases the chance that you will find better pricing. Not every company provides Minneapolis Alero insurance quotes online, so it’s necessary to compare price quotes from them as well.
The providers in the list below have been selected to offer quotes in Minnesota. To get the cheapest car insurance in Minneapolis, it’s highly recommended you get price quotes from several of them in order to get a fair rate comparison.
When to contact a local insurance agent
Many people would prefer to talk to a local agent and we recommend doing that An additional benefit of comparing rate quotes online is that you can obtain lower rates and also buy local. And buying from local agencies is still important in Minneapolis.
To find an agent, once you fill out this quick form, the coverage information is immediately sent to insurance agents in Minneapolis that give free quotes for your car insurance coverage. You never need to leave your house since rate quotes are delivered immediately to your email address. You can most likely find cheaper rates without a big time investment. If you need to compare prices from a specific insurance company, you can always visit that company’s website and complete a quote there.
Shown below is a list of insurers in Minneapolis willing to provide rate quotes for Oldsmobile Alero insurance in Minneapolis.
- Allstate Insurance: Charles Fritz
2213 Johnson St NE – Minneapolis, MN 55418 – (612) 788-6279 – View Map - Nathan Dao – State Farm Insurance Agent
220 South 6th St #180 – Minneapolis, MN 55402 – (612) 338-6422 – View Map - Horizon Agency Inc
11000 W 78th St – Minneapolis, MN 55423 – (952) 944-2929 – View Map - American Family Insurance – Patrick Fagerlee Agency Inc
3910 Central Ave NE – Minneapolis, MN 55421 – (763) 789-6201 – View Map
Finding the right insurer is decision based upon more than just a cheap price quote. The following questions are important to ask.
- Do they assist clients in filing claims?
- Is the agency active in community causes in Minneapolis?
- Are claims handled at the agent’s location?
- Is auto insurance their primary focus in Minneapolis?
- How will an accident affect your rates?
- Will you get a loaner vehicle if you car is being repaired?
- Do they offer claims assistance after hours?
- Do they feel the quoted coverages are adequate?
After you get answers to your satisfaction to all your questions in addition to an acceptable price estimate, you may have just found an provider that is reliable enough to provide car insurance coverage.
Car insurance does more than just protect your car
Despite the high cost, car insurance may be required for several reasons.
First, almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability coverage 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 your Oldsmobile Alero has a loan, almost every bank will have a requirement that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the lender may insure your Oldsmobile at a significantly higher premium and require you to pay the higher premium.
Third, car insurance preserves your vehicle and your assets. It will also pay for medical expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay to defend you if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of buying car insurance definitely exceed the cost, especially for larger claims. The average driver in America is currently overpaying as much as $850 per year so it’s recommended you shop around at least once a year to ensure rates are inline.
Auto insurance coverage information
Understanding the coverages of auto insurance aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.
Auto liability
Liability coverage protects you from damage or injury you incur to other people or property in an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 30/60/10 which stand for a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against claims such as repair costs for stationary objects, repair bills for other people’s vehicles and structural damage. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible. Minnesota requires drivers to carry at least 30/60/10 but you should think about purchasing more liability than the minimum.
The illustration below shows why buying minimum limits may not provide you with enough coverage.
UM/UIM Coverage
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Oldsmobile Alero.
Because many people only carry the minimum required liability limits (30/60/10 in Minnesota), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liability limits.
Comprehensive or Other Than Collision
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from getting keyed, a broken windshield, damage from a tornado or hurricane and fire damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like hitting a mailbox, colliding with a tree, crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your Alero to bring the cost down.
Medical costs insurance
Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like dental work, ambulance fees and doctor visits. They are utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible
Minnesota car insurance companies ranked
Selecting a high-quality insurance provider can be rather challenging considering how many different companies insure vehicles in Minnesota. The information shown below can help you choose which auto insurers you want to consider comparing rates from.
Top 10 Minneapolis Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- GEICO
- Safeco Insurance
- Mercury Insurance
- Esurance
Top 10 Minneapolis Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 92%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
- Progressive – 87%
In Summary
Lower-priced insurance in Minneapolis can be bought on the web in addition to local insurance agencies, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who do not offer internet price quotes and many times these smaller providers sell through independent agencies.
People switch companies for many reasons like policy cancellation, lack of trust in their agent, extreme rates for teen drivers or even delays in responding to claim requests. No matter why you want to switch, finding the right insurance provider can be easy and end up saving you some money.
Throughout this article, we presented quite a bit of information on how to save on Oldsmobile Alero insurance in Minneapolis. The most important thing to understand is the more rate quotes you have, the better likelihood of getting the cheapest Oldsmobile Alero rate quotes. Drivers may even discover the lowest car insurance rates come from some of the lesser-known companies.
To learn more, link through to the resources below:
- Senior Drivers (Insurance Information Institute)
- What Insurance is Cheapest for High School Students in Minneapolis? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Low Mileage Drivers in Minneapolis? (FAQ)
- How Much is Minneapolis Car Insurance for a 20 Year Old Male? (FAQ)
- How Much is Minneapolis Car Insurance for College Students? (FAQ)
- Who Has Affordable Auto Insurance for Welfare Recipients in Minneapolis? (FAQ)
- What Car Insurance is Cheapest for Teenage Males in Minneapolis? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Electronic Stability Control FAQ (iihs.org)