Cheap Minnesota Auto Insurance

Are you looking for auto insurance? It’s expensive, and it almost seems as if every company wants to take much more than they need. If you feel that way, maybe you should use our free quote tool! We’re responsible for many policies for cheap auto insurance in Minnesota, and we’d be glad to help!

The state of Minnesota is a No Fault state. In a No Fault state, each individual involved in a car accident is responsible for the injuries and damages to themselves, their passengers and their vehicle. It does not matter who is cited as the cause of the accident. Minnesota requires all drivers to carry uninsured and underinsured coverage as well as PIP. If a car is financed, you will most likely be required to carry comprehensive and collision coverage on the vehicle but the state does not require this coverage, and even though they’re additional insurances, it doesn’t mean that a person is out when it comes to cheap Minnesota insurance. Failure to carry the required coverage in the state of Minnesota can be considered as a default of insurance coverage on your part.

Insurance companies in Minnesota do not have to cover members of your household if they are not listed on the policy. These exclusions are legal. Even though you do not have to list everyone on the policy, the company may request it. If you do not comply with the company’s request, they can deny the claims on any persons not included on the policy.

In the state of Minnesota, the insurance company is allowed to check out your personal credit history when offering you insurance and setting your premium rates. They may also look at your driving record, age, and the area where you live. Maintaining a good driving record and paying your bills on time may reduce your premiums, but it’s definitely a factor that a prospective insurance company would look as you’re trying to find cheap auto insurance in Minnesota.

The average insurance premium in Minnesota was about $753.00 as of 2006. Minnesota was ranked as having the 25th highest premium average in the United States. There are 476 state approved insurance companies doing business in the state of Minnesota, all willing and able to set a person up with cheap auto insurance in Minnesota. But before you go out in search of your policy, understand that insurance companies have their own criteria, too. But one where they generally all agree on is whether or not a person’s car is likely to be stolen. At current, here are the top ten vehicles likely to be stolen in Minnesota:

1. 1995 Honda Civic
2. 1991 Toyota Camry
3. 1989 Oldsmobile Cutlass
4. 1994 Honda Accord
5. 1996 Chevrolet Blazer
6. 1992 Buick Century
7. 1993 Saturn SL
8. 1992 Dodge Caravan
9. 1996 Ford Explorer
10. 1994 Chevrolet C/K 1500 Pickup (full size)

But, you’ll still find some kind of solace in the fact that there are other factors that play a part in determining whether or not you receive cheap Minnesota auto insurance. Safety devices, such as anti-lock brakes side air bags, automatic seat belts and daytime running lights may also reduce your premiums along with anti-theft devices like an alarm system and global positioning systems. Parking your car in a garage or secured area is another way to reduce your premiums. Where you live will affect your insurance rates which can be affected by weather extremes, high theft risk, and high traffic patterns.

Don’t forget to maintain a good credit record as the insurance company looks at this to determine how likely you are to pay your premiums on time, probably one of the most significant factors for cheap auto insurance in Minnesota. Prior accident claims will also be a red flag to insurance companies especially if there are several claims on your past record. The amount of your deductible is also a key factor when determining insurance rates. The higher your deductible is, the lower your insurance rates will be.

Even if you’re not necessarily sure that you’ll quality for cheap auto insurance in Minnesota, you may never know what you can come up with using our free quote tool. It’s fast, easy and most importantly – it’s free! You never know, you may come up with a rate that’s a lot lower than you’re paying currently.

Useful links:
Minnesota Division of Motor Vehicles
Minnesota Division of Insurance
Minnesota Department of Revenue

Bodily Injury Liability Per Person: $30,000.00 Limit
Bodily Injury Liability Per Accident: $60,000.00 Limit
Property Damage Liability: $10,000.00 Limit
Uninsured/Underinsured: $25,000.00/$50,000.00 Limit
PIP Per Person Per Accident: $40,000.00 Limit
PIP Hospital and Medical: $20,000.00 Limit
PIP Lost Wages and other Expenses: $20,000.00 Limit

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