Do you get overwhelmed by the number of auto insurance companies available to you? You’re not alone. Minnesota consumers have such a vast assortment of companies available that it can easily turn into a real challenge to find the best prices for Toyota Yaris insurance in Minneapolis. If you’ve ever been there, you know that Minneapolis is a great place to live, but trying to pay high auto insurance rates makes it difficult to pay other bills every month.
Surprisingly, a recent survey revealed that over 70% of consumers have remained with the same auto insurance company for four years or more, and 38% of customers have never compared quotes from other companies. Many consumers in Minneapolis can save roughly $1,000 each year, but they feel it’s too difficult to do a rate comparison.
It’s a great practice to compare prices occasionally because insurance rates change frequently. Just because you had the best rate on Toyota Yaris insurance in Minneapolis a year ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to use online quotes to remove unneeded coverages and save money.
Best companies for competitive Toyota Yaris insurance in Minnesota
The companies in the list below offer quotes in Minnesota. To find the best auto insurance in Minneapolis, MN, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.
Rates and statistics
The data table shown next covers different policy rates for Toyota Yaris models. Knowing how auto insurance prices are calculated helps drivers make smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $204 | $508 | $406 | $24 | $122 | $1,264 | $105 |
| Yaris 4-Dr Hatchback | $204 | $508 | $358 | $22 | $108 | $1,200 | $100 |
| Yaris 4-Dr Sedan | $204 | $508 | $358 | $22 | $108 | $1,200 | $100 |
| Yaris S 2-Dr Hatchback | $234 | $508 | $406 | $24 | $122 | $1,294 | $108 |
| Yaris S 4-Dr Hatchback | $234 | $508 | $358 | $22 | $108 | $1,230 | $103 |
| Yaris S 4-Dr Sedan | $234 | $508 | $358 | $22 | $108 | $1,230 | $103 |
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in specific location information which can revise prices significantly.
Rate comparison for different deductibles
The hardest decision when buying coverage is the level to set your comp and collision deductibles. The tables below approximate the differences in price between high and low insurance deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $238 | $492 | $358 | $22 | $108 | $1,243 | $104 |
| Yaris 4-Dr Hatchback | $238 | $492 | $318 | $18 | $94 | $1,185 | $99 |
| Yaris 4-Dr Sedan | $238 | $492 | $318 | $18 | $94 | $1,185 | $99 |
| Yaris S 2-Dr Hatchback | $272 | $492 | $358 | $22 | $108 | $1,277 | $106 |
| Yaris S 4-Dr Hatchback | $272 | $492 | $318 | $18 | $94 | $1,219 | $102 |
| Yaris S 4-Dr Sedan | $272 | $492 | $318 | $18 | $94 | $1,219 | $102 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Yaris 2-Dr Hatchback | $174 | $334 | $358 | $22 | $108 | $996 | $83 |
| Yaris 4-Dr Hatchback | $174 | $334 | $318 | $18 | $94 | $938 | $78 |
| Yaris 4-Dr Sedan | $174 | $334 | $318 | $18 | $94 | $938 | $78 |
| Yaris S 2-Dr Hatchback | $200 | $334 | $358 | $22 | $108 | $1,022 | $85 |
| Yaris S 4-Dr Hatchback | $200 | $334 | $318 | $18 | $94 | $964 | $80 |
| Yaris S 4-Dr Sedan | $200 | $334 | $318 | $18 | $94 | $964 | $80 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in garaging location in Minneapolis which can revise auto insurance rates substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you roughly $21 more each month or $252 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 19 months between claim filings, you would save money by selecting a higher deductible.
The information below highlights how deductible selection and can change Toyota Yaris insurance prices for each different age category. The rates are based on a married male driver, full coverage, and no additional discounts are factored in.
Illustration showing the impact of accidents and violations
The example below shows how violations and accidents influence Toyota Yaris car insurance rates for each age group. The data assumes a married female driver, full coverage, $100 deductibles, and no discounts are factored in.
Get cheaper Toyota Yaris insurance in Minneapolis with discounts
Some providers do not list all possible discounts in an easy-to-find place, so the below list has a few of the more common and also the more inconspicuous discounts that you may qualify for.
- Discount for New Cars – Putting insurance on a new Yaris can cost up to 25% less since new model year vehicles are generally safer.
- Discount for Life Insurance – Larger car insurance companies have better premium rates if you take out a life insurance policy as well.
- Distant College Student Discount – College-age children who live away from home to go to college without a vehicle on campus can receive lower rates.
- Pay Upfront and Save – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
- Defensive Driving Course – Successfully completing a safe driver course could earn you a small percentage discount and easily recoup the cost of the course.
- Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts in comparison with drivers with a long claim history.
- Safety Restraint Discount – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
As a sidenote, some credits don’t apply to the whole policy. Most cut the cost of specific coverages such as collision or personal injury protection. Just because you may think having all the discounts means you get insurance for free, nobody gets a free ride.
The information below visualizes the comparison of Toyota Yaris premium costs with and without some available policy discounts. The premiums are based on a female driver, no claims or violations, Minnesota state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, safe-driver, multi-policy, and marriage discounts applied.
Companies and their offered discounts are included below.
- GEICO may have discounts that include daytime running lights, defensive driver, multi-policy, anti-lock brakes, anti-theft, emergency military deployment, and air bags.
- Travelers discounts include good student, hybrid/electric vehicle, home ownership, save driver, and IntelliDrive.
- Nationwide has discounts for family plan, Farm Bureau membership, easy pay, anti-theft, and defensive driving.
- Farmers Insurance offers premium reductions for switch companies, youthful driver, multi-car, bundle discounts, and teen driver.
- Esurance policyholders can earn discounts including Switch & Save, online shopper, anti-theft, emergency road assistance, and renters.
- State Farm may include discounts for defensive driving training, good student, Steer Clear safe driver discount, anti-theft, student away at school, and accident-free.
- Progressive has savings for multi-policy, online signing, homeowner, good student, online quote discount, multi-vehicle, and continuous coverage.
- Mercury Insurance offers discounts including good student, multi-policy, accident-free, professional/association, location of vehicle, annual mileage, and anti-theft.
Double check with every prospective company what discounts are available to you. Savings might not be offered in Minneapolis. If you would like to choose from a list of providers that provide some of the discounts listed above in Minneapolis, click here to view.
Learn How to Lower Your Insurance Costs
Multiple criteria are used when you quote your car insurance policy. Some of the criteria are obvious such as your driving history, although some other factors are more transparent such as your marital status or your commute time.
- Cheaper rates after marriage – Your spouse can get you a discount on your auto insurance policy. Having a significant other translates into being more mature and insurance companies like that married drivers tend to file fewer claims.
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Does car insurance cost less for women? – The statistics show that women are safer drivers than men. This data doesn’t prove that women are BETTER drivers than men. Both genders are in accidents at a similar rate, but males get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers have the highest risk to insure so they pay the highest premiums.
The diagram below illustrates the comparison of Toyota Yaris annual premium costs for male and female drivers. The premiums assume no claims, a clean driving record, full physical damage coverage, $250 deductibles, drivers are not married, and no policy discounts are applied.
- The higher your credit rating the lower your prices – Your credit score can be a huge factor in determining what you pay. If your credit history is not that good, you may save money insuring your Toyota Yaris by repairing your credit. Insureds that have excellent credit scores tend to be less risk to insure than drivers who have lower ratings.
- Pay more out-of-pocket – The deductibles you choose state the amount of money you are willing to pay if the claim is covered. Physical damage coverage, also called comprehensive and collision insurance, protects your car from damage. Examples of covered claims are rear-ending another vehicle, fire damage, and damage caused by road hazards. The more damage repair cost you’re willing to pay, the less your company will charge you for insurance.
- An active policy claims history can cost you more – If you are the type of insured that files lots of claims you can expect higher rates. Auto insurance companies in Minnesota generally give the best rates to drivers who only file infrequent claims. Auto insurance is meant to be used in the event of the large, substantial claims.
- Safeguard your assets with liability insurance – The liability coverage on your policy provides coverage if a court rules you are at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense which can be incredibly expensive. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
- Your occupation and auto insurance rates – Did you know your job can affect your rates? Careers like real estate brokers, business owners, and emergency personnel tend to pay higher premiums than the average policyholder attributed to job stress and incredibly demanding work hours. Other professions such as farmers, historians and retirees generally pay rates lower than average.
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Toyota Yaris insurance loss statistics – Companies include the past claim trends for vehicles when setting rates for each model. Models that historically have higher claim frequency or loss amount will have higher premium rates.
The information below illustrates the insurance loss data used by companies for Toyota Yaris vehicles. For each policy coverage, the loss probability for all vehicles, regardless of make, model or trim level, equals 100. Percentage numbers below 100 imply a favorable loss record, while values that are above 100 point to more losses or tendency to have larger claims.
Toyota Yaris Insurance Loss Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Yaris 94 88 92 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Get rate quotes but work with a local Minneapolis insurance agent
Many drivers would prefer to get advice from a local agent and that can be a great decision The best thing about price shopping on the web is the fact that you can find cheap car insurance quotes and also buy local. Putting coverage with small agencies is definitely important in Minneapolis.
To find an agent, once you fill out this simple form, your coverage information is instantly submitted to participating agents in Minneapolis that provide free Minneapolis car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to visit any agencies as quotes are delivered to you instantly. You’ll get the best rates without the usual hassles of price shopping. If for some reason you want to compare prices for a specific company, you would need to go to their quote page and submit a quote form there.
Compare rates from both independent and exclusive car insurance agents
If you want to use a reliable insurance agent, there are two types of insurance agents and how they work. Minneapolis agents are categorized either independent or exclusive depending on the company they work for.
Independent Agencies or Brokers
These agents are not employed by one company so they have the ability to put coverage through many different car insurance companies and find the cheapest rate. If they find a lower price, they simply move your policy to a different company and you don’t have to find a new agent.
When shopping rates, you will definitely want to get quotes from a few independent agents for the best price selection. Most also write with less well-known companies which may have better rates.
Featured below are Minneapolis independent insurance agencies that can give you free car insurance quotes.
- RJF Agencies, Inc.
7225 Northland Dr N #300 – Minneapolis, MN 55428 – (763) 746-8000 – View Map - Minneapolis St. Paul Agency Insurance and Risk Management
2469 University Ave W – St Paul, MN 55114 – (651) 647-9665 – View Map - Abbco Insurance Agency Co.
6227 University Ave NE – Minneapolis, MN 55632 – (763) 571-2880 – View Map
Exclusive Car Insurance Agencies
Exclusive agencies generally can only insure with one company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agencies are unable to shop your coverage around so keep that in mind. They are well trained on their company’s products and that allows them to sell at a higher price point. Drivers often use the same agent primarily because of high brand loyalty rather than having low rates.
Shown below is a list of exclusive insurance agents in Minneapolis that can give you comparison quotes.
- Farmers Insurance – Gretchen Frana
5445 S 28th Ave – Minneapolis, MN 55417 – (612) 724-4309 – View Map - Kim Nybo – State Farm Insurance Agent
2724 University Ave SE – Minneapolis, MN 55414 – (612) 767-7775 – View Map - Farmers Insurance – Natalie Fox
210 N 2nd St #70 – Minneapolis, MN 55401 – (612) 208-0276 – View Map
Picking the best insurance agency is decision based upon more than just a cheap price. The answers to these questions are important, too.
- Which companies can they place coverage with?
- Is their price quote a firm figure or are their hidden costs?
- Will the company cover a rental car if your car is getting fixed?
- Do the agents have professional certifications like CPCU or CIC?
- Is the agency involved in supporting local community causes?
Compare rates regularly to save
In this article, we covered a lot of ways to lower your Toyota Yaris insurance prices in Minneapolis. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the lowest priced car insurance comes from some of the lesser-known companies.
When you buy Minneapolis car insurance online, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where an insured cut collision coverage and discovered at claim time they didn’t have enough coverage. Your goal is to buy the best coverage you can find at the best price, but do not sacrifice coverage to save money.
Cheaper car insurance in Minneapolis can be found from both online companies and with local Minneapolis insurance agents, and you should be comparing both to have the best rate selection. Some companies may not have the ability to get a quote online and many times these small, regional companies provide coverage only through local independent agents.
Steps to finding cheaper quotes for Toyota Yaris insurance in Minneapolis
Truthfully, the best way to find discount car insurance rates in Minneapolis is to compare prices regularly from different companies that sell auto insurance in Minnesota.
- Step 1: Spend some time learning about how companies price auto insurance and the factors you can control to keep rates low. Many policy risk factors that cause rate increases such as at-fault accidents, careless driving, and an unacceptable credit rating can be amended by making minor changes in your lifestyle.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Allstate, while independent agents can provide price quotes from multiple companies.
- Step 3: Compare the price quotes to your existing rates to determine if you can save on Yaris insurance in Minneapolis. If you can save some money and change companies, make sure there is no lapse in coverage.
- Step 4: Provide written notification to your current company of your intention to cancel your current auto insurance policy and submit payment and a signed application to the new company. Once coverage is bound, keep the new certificate verifying proof of insurance in your vehicle.
A key point to remember is that you use the same level of coverage on every price quote and and to analyze every insurance company. Doing this ensures a fair price comparison and a thorough price selection.
To read more, take a look at these articles:
- Young Drivers: The High Risk Years Video (iihs.org)
- Who Has the Cheapest Car Insurance Quotes for Retired Military in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Car Insurance for a Hyundai Elantra? (FAQ)
- What Auto Insurance is Cheapest for a Company Car in Minneapolis? (FAQ)
- How do I File a Claim? (Insurance Information Institute)
- Collision Coverage (Liberty Mutual)
- Get the Right Protection (InsureUonline.org)