Cheapest Auto Insurance Quotes for Drivers Under 21 in Minnesota

For minors, one of the big considerations that help determine the price you pay for insurance is your zip code. Densely populated urban areas like Minneapolis, Maplewood, and Bloomington are more likely to pay higher prices, whereas areas with less people or fewer weather incidents benefit from lower prices.

The information below ranks the more expensive cities in Minnesota for drivers under 21 to purchase car insurance in.

Table data uses estimated as zip code location can influence price quotes noticeably.

The vehicle model to be insured is probably the largest consideration when shopping for the cheapest auto insurance for drivers under 21 in Minnesota. Vehicles with lower acceleration and performance, advanced safety features, or a positive history of liability claims will cost significantly less to insure than adrenaline junky models. The next list estimates insurance premiums for a number of the most cost-effective automobiles to buy coverage for.

Data based on single male driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in garaging location in Minnesota which can change insurance rates greatly.

Based upon the rates shown, models like the Honda Accord, Honda CR-V, Ford Escape, Ford F-150, and Chevrolet Traverse are most likely going to be a few of the cheapest vehicles to insure for minors. The price for an auto insurance policy will be more costly just due to the fact that there is a higher risk for drivers under 21, but overall those vehicles will have the best insurance prices available.

Finding out which companies quote the lowest-priced auto insurance rates for drivers under 21 involves a little more sweat in order to find a policy that fits your budget. Each insurance company uses different criteria for determining prices, so we will examine the auto insurance companies that tend to have lower prices in Minnesota.

Lowest Insurance Price Quotes for Minors

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Travelers has some of the cheapest car insurance rates in Minnesota at around $661 per year. USAA, Farm Bureau Mutual, Western National, and The Hartford also qualify as some of the cheapest Minnesota car insurance companies.

In this example, if you are currently insured with The Hartford and switched to USAA, you could realize an annual premium reduction of about $165. Policyholders with West Bend Mutual might save as much as $173 a year, and Allied policyholders might realize rate reductions of up to $375 a year.

If you want to see how much you could save, click here to start your custom quote or quote rates from the companies below.

Be aware that those rates are averaged for all insureds and vehicles and and are not figured with a price surcharge for drivers under 21. So the company that has the cheapest price for you may not even be shown in the list above. That affirms the importance of why you need to quote rates from many companies using your own driver information and specific vehicle type.

The information below demonstrates how choosing different deductibles can increase or decrease insurance prices when searching for cheap insurance for drivers under 21. The costs are based on a married female driver, full coverage, and no discounts are applied.

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The chart above illustrates that a 40-year-old driver could lower their car insurance rates by $292 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $440 by selecting a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could roll back prices as much as $724 or even more by choosing a higher deductible.

If you do make the decision to raise your deductibles, it is necessary to have emergency funds available to allow you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.