Cheapest Insurance for a Honda Civic in Minnesota

When the topic is car insurance, the words “affordable” or “cheap” should never be used as a descriptor for auto insurance rates. Despite the oxymoron, cheap auto insurance for a Honda Civic is not easy to find. Don’t let that get you down, though, because we will teach you how you can find insurance that is more budget-friendly.

The chances that you’ll find the best cheap car insurance for a Honda Civic in Minnesota depends upon a very complex rating algorithm that uses multiple factors such as whether you are a homeower, whether or not you have prior claims, and your policy deductibles. Drivers in Minnesota pay an average rate of $1,020 annually to insure a Civic, but that price is a ballpark figure that uses rate data for a 40-year-old single male driver who purchased full comprehensive and collision coverage and $1,000 physical damage deductibles.

It’s highly likely that you are not 40 and possibly not even male, possibly married instead of single, and maybe you want higher deductibles. Even a very minor difference in price quote data can lead to a significant difference in the policy cost.

Every policy is rated specifically for the driver, so the best way to quote the most affordable coverage for your Honda is to take your time and compare rates from as many companies as possible.

Find Cheaper Honda Civic Insurance

The specific model of Civic can impact the yearly cost, so the cost to insure a Civic DX 4-Dr Sedan trim level will cost $330 less than the cost to insure the more costly Civic SI 2-Dr Coupe trim level, as shown in the table below.

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Price information does not factor in garaging location in Minnesota which can affect auto insurance rates greatly.

Selecting a highly-rated insurance company can be a challenge considering how many different companies sell coverage in Minnesota. The company ratings below can help you pick which companies to look at buying from.

The rankings below include large, nationwide insurance companies, so smaller companies are not included in the list. To check prices from many more Minnesota auto insurance companies, follow this link.

Top 10 Major Auto Insurance Providers in Minnesota Ranked by Customer Satisfaction

1. USAA – 92%
2. American Family – 88%
3. State Farm – 88%
4. Nationwide – 88%
5. 21st Century – 88%
6. The Hartford – 87%
7. Progressive – 87%
8. AAA Insurance – 87%
9. Farmers Insurance – 87%
10. Liberty Mutual – 87%

Top 10 Major Auto Insurance Providers in Minnesota Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Liberty Mutual
5. State Farm
6. Allstate
7. Safeco Insurance
8. Travelers
9. 21st Century
10. Nationwide

Top Companies for Honda Civic Insurance in Minnesota

Liability-only versus full coverage

Finding the cheapest insurance for a Honda Civic in Minnesota should be important to most vehicle owners, and one of the quickest ways to save on the cost of insurance is to not pay for full coverage. The illustration below illustrates the difference between premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no violations or claims, $100 deductibles, drivers are single, and no discounts are applied.

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As an overall average, physical damage coverage costs $2,499 per year more than just buying liability insurance. Many drivers may wonder when is the right time to remove full coverage. There is no definitive guideline to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s say your vehicle’s claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after paying your deductible. If you are currently paying more than $400 annually to have full coverage, then you may want to consider only buying liability coverage.

Impact of citations and accidents on Minnesota insurance rates

The recommended way to receive the cheapest car insurance premiums in Minnesota for a Civic is to be a cautious driver and avoid accidents and keep your driving record clean. The chart below highlights how speeding tickets and at-fault accidents influence insurance costs for each age group. Data assumes a single female driver, full coverage, $500 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2807,3057,3781],[‘Age 30’, 1911,2165,2889],[‘Age 40’, 1781,2033,2757],[‘Age 50’, 1555,1807,2533],[‘Age 60’, 1505,1761,2483],[‘Age 70’, 1771,2023,2747]]);var options = {title: ‘Effect of Citations and Accidents on Minnesota Honda Civic Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Honda Civic in Minnesota’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the chart above, the average cost of car insurance in Minnesota per year with no accidents or violations is $1,888. Get one speeding ticket and the average cost jumps to $2,141, an increase of $253 each year. Then add one accident along with the one speeding ticket and the yearly cost of car insurance for a Honda Civic goes up to an average of $2,865. That’s an increase of $977, or $81 per month, just for not maintaining a clean driving record!

Is the best company Geico, Allstate, Progressive, or State Farm?

When comparing rates for insurance for a Civic, the most popular companies are Geico, Allstate, Progressive, and State Farm. They all have your normal coverages like liability, comprehensive, and collision, but each one offers a distict selection of optional coverages and features that you can choose from. The table below shows price and claims rank as well as some different options that are available for customers.