Auto Insurance Rates for a Chevy HHR in Minneapolis

If saving the most money is your goal, then the best way to find cheaper prices for Chevy HHR insurance in Minneapolis is to compare prices regularly from companies in Minnesota. You can shop around by following these guidelines.

1. Learn about individual coverages and the measures you can control to keep rates low. Many rating factors that result in higher rates like inattentive driving and a not-so-good credit history can be remedied by improving your driving habits or financial responsibility. Read the full article for more ideas to help prevent costly coverage and get discounts that may be available to you.
2. Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO and State Farm, while independent agents can quote rates for a wide range of companies.
3. Compare the new rate quotes to your current policy premium to see if cheaper HHR coverage is available. If you find a lower rate quote and make a switch, ensure there is no coverage lapse between policies.
4. Provide notification to your current company of your intention to cancel the current policy and submit a completed policy application and payment for your new policy. As soon as coverage is bound, place the new proof of insurance paperwork in an accessible location in your vehicle.

One tip to remember is to make sure you’re comparing identical deductibles and limits on each price quote and and to analyze as many companies as you can. Doing this enables a fair price comparison and a complete selection of prices.

Astonishing but true according to a recent study, most consumers in Minnesota kept their coverage with the same insurance company for at least the last four years, and virtually 40% of consumers have never compared quotes from other companies. U.S. drivers could cut their rates by roughly $860 a year by just shopping around, but they mistakenly think it’s difficult to compare rate quotes online.

When price shopping your coverage, comparing all the rates in your area increases the chance that you will find the best price. Some regional insurers cannot provide Minneapolis HHR insurance quotes online, so you also need to get quotes on coverage from those companies, too.

The following companies can provide price quotes in Minnesota. If you want cheap car insurance in Minneapolis, it’s highly recommended you get price quotes from several of them in order to find the most competitive rates.

Chevy HHR coverage statistics

The table shown below outlines a range of coverage costs for Chevy HHR models. Having insight into how rates are established is important for making decisions on the best policy coverages.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in your specific Minneapolis location which can alter premiums greatly.

Auto insurance deductibles

One common question asked by Minneapolis drivers is where should you set your physical damage deductibles. The premium rates below may aid in understanding how much more rates are between low and high policy deductibles. The first rate quote example uses a $250 physical damage deductible and the second price chart uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Prices do not factor in vehicle location which can influence auto insurance rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $25 more each month or $300 each year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 30 months between claim filings, you would come out ahead by selecting a higher deductible.

Chevrolet HHR insurance costs by age and gender

The information below illustrates the difference between Chevy HHR insurance costs for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

How much more does full coverage cost?

The chart below visualizes the comparison of Chevy HHR insurance premiums with full physical damage coverage compared to only buying liability only. The data assumes no claims or driving citations, $100 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop paying for full coverage

There is no definitive formula to delete full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s pretend your Chevy HHR replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $7,000 after you pay the deductible. If you are paying in excess of $700 a year for your policy with full coverage, then you might consider buying liability only.

There are some scenarios where only buying liability is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Best reasons to buy insurance in Minnesota

Even though it’s not necessarily cheap to insure a Chevy in Minneapolis, maintaining insurance may be required and benefits you in several ways.

• Most states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability protection in order to get the vehicle licensed. 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 you took out a loan on your Chevy, most lenders will make it a condition of the loan that you buy insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender may have to buy a policy to insure your Chevy at a much higher rate and force you to reimburse them the higher price.
• Insurance safeguards your Chevy and your assets. It will also reimburse you for medical bills that are the result of an accident. Liability insurance also covers legal expenses if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, your policy will pay to have it repaired.

The benefits of carrying enough insurance outweigh the cost, especially with large liability claims. The average driver in Minnesota is overpaying more than $820 a year so compare rates once a year at a minimum to be sure current rates are still competitive.

Save Money with These Tips

It’s important that you understand some of the things that play a part in calculating the level of your policy premiums. When you know what positively or negatively determines premiums, this enables you to make decisions that could result in cheaper rates.

Listed below are a few of the things car insurance companies consider when setting your premiums.

• High credit scores save money – Having a bad credit history is a big factor in determining premium rates. Insureds with excellent credit scores tend to file fewer claims and have better driving records than drivers who have lower credit ratings. So if your credit score is not that good, you could pay less to insure your Chevrolet HHR if you improve your credit rating.
• Limits of liability coverage – The liability section of your policy is the protection when you are found to be at fault for causing personal injury or damage in an accident. It will provide you with a defense in court to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.

• Avoid tickets and save – Being a careful driver has a big impact on rates. Careful drivers have lower premiums as compared to careless drivers. Even a single driving citation can increase rates forty percent or more. Drivers unfortunate enough to have flagrant violations like DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with their state DMV in order to keep their license.

  The example below shows how violations and at-fault accidents can increase Chevy HHR insurance costs for different insured age categories. The data is based on a single female driver, full coverage, $1,000 deductibles, and no discounts are factored in.

• Small frequent insurance claims are not good – If you frequently file small claims, you can look forward to higher premiums or even policy non-renewal. Auto insurance companies in Minnesota generally give discounts to insureds who do not file claims often. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
• Know your vehicle’s IIHS safety rating – Cars with five star safety ratings tend to have lower insurance rates. These vehicles reduce the chance of injuries and lower injury rates translates directly to fewer claims and more competitive rates for policyholders.

Discounts for lower-cost insurance rates

Car insurance can cost a lot, but you can get discounts that you may not know about. Some discounts apply automatically when you purchase, but occasionally some discounts must be specifically requested in order for you to get them.

• Federal Government Employee – Simply working for the federal government can save as much as 8% depending on your company.
• Driver Training Discounts – Taking a defensive driver class could possibly earn you a 5% discount if you qualify.
• Minneapolis Homeowners Pay Less – Owning a home in Minneapolis may earn you a small savings because owning a home shows financial diligence.
• Multi-Vehicle Discounts – Buying insurance for several vehicles on a single policy can reduce the rates for all insured vehicles.
• Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn lower insurance rates if you buy auto and life insurance together.
• Safe Driver Discounts – Drivers without accidents may receive a discount up to 45% than drivers with accident claims.
• Low Mileage – Low annual miles can earn better insurance rates on cars that stay parked.
• 55 and Retired – Drivers over the age of 55 may be able to get a slight reduction on a Minneapolis auto insurance quote.
• Good Student – Getting good grades can save 20 to 25%. Many companies even apply the discount to college students until age 25.

Consumers should know that some credits don’t apply to the overall cost of the policy. Most only cut individual premiums such as medical payments or collision. Just because you may think having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. But any discount will lower the premium cost.

The diagram below illustrates the difference between Chevy HHR car insurance costs with and without discounts applied. The premium estimates are based on a male driver, no claims or violations, Minnesota state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, multi-policy, and claim-free discounts applied.

Popular insurance companies and their offered discounts are detailed below.

• GEICO offers discounts for military active duty, anti-lock brakes, air bags, seat belt use, and multi-vehicle.
• Auto-Owners Insurance offers premium reductions for student away at school, safe driver, anti-theft, company car, and mature driver.
• American Family has savings for TimeAway discount, bundled insurance, good driver, Steer into Savings, and good student.
• Esurance may have discounts that include claim free, multi-policy, defensive driver, safety device, multi-car, homeowner, and good driver.
• Progressive offers discounts including good student, multi-policy, continuous coverage, homeowner, online signing, online quote discount, and multi-vehicle.
• State Farm discounts include Drive Safe & Save, Steer Clear safe driver discount, good driver, student away at school, multiple autos, passive restraint, and multiple policy.
• AAA policyholders can earn discounts including good driver, education and occupation, good student, pay-in-full, multi-policy, and AAA membership discount.

If you want low cost Minneapolis auto insurance quotes, ask every prospective company which credits you are entitled to. Some discounts listed above might not be available to policyholders in your state. If you would like to see a list of insurers that can offer you the previously mentioned discounts in Minneapolis, follow this link.

Local Minneapolis insurance agencies

Certain consumers just want to sit down with an agent and doing so can bring peace of mind One of the best bonuses of getting online price quotes is the fact that drivers can get cheap car insurance quotes and still have a local agent.

Once you complete this quick form, the quote information is sent to agents in your area who will return price quotes and help you find cheaper coverage. You won’t even need to contact any agents since price quotes are sent immediately to you. You can most likely find cheaper rates without the usual hassles of price shopping. If you have a need to compare prices from a specific company, you would need to jump over to their website and complete a quote there.

Deciding on an insurance company needs to be determined by more than just the price. Ask your prospective agent these questions:

• Do the agents have professional certifications like CPCU or CIC?
• Who are their largest clients?
• Are claims handled at the agent’s location?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Do they assist clients in filing claims?
• Will one accident increase rates?

If you are wanting to find a reliable insurance agent, it helps to know the two different agency structures and how they can write your policy. Car insurance agents may be either independent or exclusive.

Exclusive Agencies

Agents in the exclusive channel can usually just insure with one company such as Farmers Insurance or State Farm. Exclusive agents cannot compare rates from other companies so they really need to provide good service. Exclusive agents are highly trained in insurance sales which helps them compete with independent agents.

Listed below are Minneapolis exclusive agencies that are able to give price quotes.

View more Minneapolis agents

Independent Agents

These agents do not sell for just one brand so they can write business with many different companies and find you the best rates. To transfer your coverage to a different company, they can switch companies in-house which makes it simple for you. If you need cheaper car insurance rates, we highly recommend that you get several quotes from independent agents to get the best comparison.

Listed below is a short list of independent agencies in Minneapolis willing to provide price quote information.

View more Minneapolis agents

Which auto insurance company is best in Minneapolis?

Buying coverage from a good quality insurer can be challenging considering how many choices you have in Minnesota. The company ratings listed below could help you decide which auto insurance companies to look at shopping prices with.

Top 10 Minneapolis Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Allstate – A+
6. Progressive – A+
7. Mercury Insurance – A+
8. The Hartford – A+
9. Nationwide – A+
10. Esurance – A+

Smart shoppers get results

As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. In too many instances, consumers will sacrifice liability coverage limits and discovered at claim time they didn’t purchase enough coverage. The proper strategy is to buy a smart amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

There are still a few companies who may not have the ability to get a quote online and many times these regional insurance providers only sell coverage through independent insurance agents. Cheaper Chevy HHR insurance in Minneapolis can be sourced from both online companies as well as from independent agents in Minneapolis, so compare prices from both to have the best selection.

More information can be found at the links below

• Rental Reimbursement Coverage (Allstate)
• How Much are Car Insurance Rates for Unemployed Drivers in Minneapolis? (FAQ)
• Who Has the Cheapest Car Insurance for Infrequent Drivers in Minneapolis? (FAQ)
• Who Has Cheap Car Insurance Quotes for Handicapped Drivers in Minneapolis? (FAQ)
• Who Has Affordable Auto Insurance for Low Credit Scores in Minneapolis? (FAQ)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Airbag FAQ (iihs.org)