Cheapest Quotes for Ford Focus Insurance in Minneapolis

Are you intimidated by the sheer number of auto insurance companies that you can choose from? Consumers have so many companies available that it is a difficult challenge to find a cheaper company. Everyone knows that Minneapolis is the perfect city to reside in, but expensive auto insurance rates can make it hard for many residents to buy proper levels of coverage.

Everyone knows that auto insurance companies don’t want you to look at other companies. Consumers who rate shop once a year are likely to switch auto insurance companies because they stand a good chance of finding a cheaper policy. A recent survey discovered that drivers who made a habit of comparing rates saved over $72 a month compared to people who never shopped around for cheaper prices.

If finding the best price on insurance in Minneapolis is your intention, learning how to quote and compare insurance premiums can make the process more efficient.

When comparing insurance rates, know that comparing all the rates in your area will improve the odds of getting more affordable rates. Not every company does Minneapolis Focus insurance quotes online, so it’s important to compare prices on coverage from those companies, too.

The companies shown below are our best choices to provide free rate quotes in Minneapolis, MN. If you wish to find cheap car insurance in Minneapolis, we suggest you get rates from several of them to get a more complete price comparison.

Three good reasons to insure your Ford vehicle

Despite the fact that car insurance is not cheap in Minneapolis, paying for car insurance serves a purpose in several ways.

First, just about all states have mandatory liability insurance requirements which means you are required to carry a specific level of liability protection in order to license the vehicle. 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 have a lien on your car, almost all lenders will have a requirement that you have comprehensive coverage to ensure they get paid if you total the vehicle. If the policy lapses, the lender may insure your Ford for a lot more money and make you pay the higher price.

Third, car insurance protects both your Ford and your assets. It will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your Ford gets damaged, comprehensive and collision coverage will pay to repair the damage.

The benefits of having car insurance are definitely more than the cost, specifically if you ever have a liability claim. The average driver in Minnesota is currently overpaying as much as $865 each year so compare rate quotes at least once a year to make sure the price is not too high.

Ford Focus insurance coverage information

The premium table shown next showcases a range of coverage costs for Ford Focus models. Having knowledge of how premiums are established can be of help when making smart choices when selecting a coverage provider.

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in specific zip code location which can impact prices greatly.

Policy deductibles

One frequently asked question is how low should you set your deductibles. The rates shown below can help illustrate the differences in price between low and high coverage deductibles. The first rate comparisons uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price information does not factor in specific Minneapolis garaging location which can change auto insurance rates greatly.

Using the data above, we can ascertain that using a $250 deductible costs approximately $13 more each month or $156 for a full year than opting for the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 19 months between claim filings, you would probably come out ahead going with the higher deductible.

Ford Focus liability rates compared to full coverage

The chart below shows the difference between Ford Focus car insurance rates when comparing full coverage to state minimum liability only. The prices are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no additional discounts are factored in.

Should you pay for full coverage?

There is no exact formula for eliminating comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Ford Focus replacement cost is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $2,000 after paying your policy deductible. If premiums are more than $200 a year for physical damage coverage, then it might be time to buy liability only.

There are some cases where buying only liability insurance is not a good idea. If you haven’t paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

Discounts can help to save on Ford Focus insurance in Minneapolis

Companies don’t necessarily list all their discounts very clearly, so we break down both well-publicized and also the more inconspicuous discounts that you can inquire about if you buy Minneapolis auto insurance online.

• Government Employees – Federal government employees may reduce rates when you quote Minneapolis auto insurance with a few auto insurance companies.
• E-sign – A few larger online companies will provide an incentive simply for signing over the internet.
• New Car Discount – Insuring a vehicle that is new can save you some money because newer vehicles have to meet stringent safety requirements.
• No Claims – Drivers who don’t have accidents can save substantially when compared with frequent claim filers.
• Drive Safe and Save – Safe drivers could pay up to 40% less than their less cautious counterparts.

As a sidenote, some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like all the discounts add up to a free policy, it just doesn’t work that way.

The diagram below illustrates the difference between Ford Focus insurance prices with and without discounts applied to the rates. The premiums are based on a male driver, no accidents, no driving violations, Minnesota state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, multi-car, multi-policy, and homeowner discounts applied.

If you would like to view insurance companies that provide some of the discounts listed above in Minneapolis, click here to view.