How Much is Auto Insurance for Drivers with Accidents in Minnesota?

When talking about car insurance, the word “cheap” shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Forgive the oxymoron, but cheap auto insurance for drivers with accidents can be hard, if not impossible, to find. But don’t despair, because we can show you some ways you can find and buy car insurance that is easier on your budget.

Finding dependable, reasonably-priced auto insurance is challenging, and determining which companies have the cheapest car insurance rates for drivers with accidents takes more quotes for comparison. Policy prices may be somewhat pricier than the state average due to the added risk associated with selling insurance for drivers with at-fault accidents, but competitively-priced insurance should be achievable if you carefully shop around. Each insurer uses a little different formula for filing rates in each state, so we need to take a look at the most competitive car insurance companies in Minnesota.

It’s a good idea to know that Minnesota car insurance rates are determined by lots of factors which can substantially change the price you have to pay. This is why it is critical to compare many different companies to find the cheapest insurance rates for drivers with accidents. Insurance prices are impacted by many risk factors and can change without notice, so the best price when you bought your policy may now be wasting a lot of money.

Best Cheap Insurance Rates for Accident Prone Drivers

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Travelers quotes some of the best car insurance rates in Minnesota at around $661 each year. USAA, Farm Bureau Mutual, Western National, and The Hartford would also be considered some of the cheaper Minnesota car insurance companies.

In this example, if you are currently insured with USAA and switched to Travelers, you might achieve a yearly price reduction of roughly $138. Customers with Farm Bureau Mutual might save as much as $144 a year, and Western National insureds might reduce rates by $267 a year.

To get a quick, customized rate comparison, click here to begin a quote or quote rates from the companies below.

Understand that those estimates are averages across all drivers and vehicles and are not factoring in a price increase for drivers with accidents. So the auto insurance company that has the cheapest rates for you may not even be featured in the above list. That point stresses why you need to get car insurance quotes using your own driver information and specific vehicle type.

The type of vehicle needing coverage is a large consideration when shopping for cheap insurance for drivers with accidents in Minnesota. Vehicles with higher performance characteristics, poor passenger safety features, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.

The list below shows insurance premiums for the most economical vehicles to buy insurance for.

Data rating is based on single male driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Information does not factor in zip code location which can revise price quotes greatly.

Looking at the rates, we can expect models like the Honda CR-V, Honda Accord, and Chevrolet Traverse are some of the cheapest vehicles to insure for drivers with at-fault accidents. The price for an auto insurance policy will trend higher just because there is more claim risk for drivers with accidents, but in general those particular models will tend to have the least expensive rates compared to other types of vehicles.

For drivers with at-fault accidents, one of the more important considerations that car insurance companies use to determine the price of your policy is where you choose to live in Minnesota. Areas with a lot of weather claims or more people like Minneapolis, Maplewood, and Bloomington will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheap insurance for drivers with accidents in Minnesota.

The table below ranks the most costly cities in Minnesota for drivers with accidents to purchase auto insurance in.

Rate information is estimated as the specific garaging location can lower or raise insurance rates significantly.

Illustration showing the impact of accidents and violations

The easiest way to receive cheap insurance for drivers with accidents in Minnesota is to drive attentively and maintain a clean driving record. The diagram below shows how speeding tickets and accidents can drive up car insurance rates for different ages of insureds. The rate quotes are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 1957,2377,2801],[‘Age 30’, 1013,1433,1861],[‘Age 40’, 991,1409,1837],[‘Age 50’, 911,1329,1759],[‘Age 60’, 895,1313,1739],[‘Age 70’, 1049,1471,1897]]);var options = {title: ‘Effect of Citations and Accidents on Minnesota Auto Insurance Prices’,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 Auto Insurance Cost for Average Vehicle 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);}

The data in the chart shows the average cost of auto insurance in Minnesota per year with no violations or accidents is $1,136. Get written up for two speeding tickets and the average cost jumps to $1,555, an increase of $419 each year. Then add in one accident along with the two speeding tickets and the yearly cost of car insurance for drivers with accidents goes up to an average of $1,982. That’s an increase of $846, or $71 per month, just for not driving carefully!

Should you buy full coverage?

Finding cheap insurance for drivers with accidents in Minnesota is probably important to most vehicle owners, and one great way to pay lower rates for insurance is to not insure for full coverage. The diagram below compares yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The rates are based on a clean driving record, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3829,1271],[‘Age 30’, 1971,699],[‘Age 40’, 1953,647],[‘Age 50’, 1779,605],[‘Age 60’, 1719,595],[‘Age 70’, 2109,795]]);var options = {title: ‘Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Minnesota’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If averaged for all ages, physical damage coverage costs an extra $2,227 per year more than carrying just liability coverage. Many of you may wonder if buying full coverage is a waste of money. There isn’t a written rule to delete comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

There are some situations where eliminating full coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Who is cheaper: Allstate, State Farm, Progressive, or Geico?

If you are shopping around for auto insurance for drivers with at-fault accidents in Minnesota, probably the best companies to start with are Allstate, State Farm, Progressive, and Geico. When combined, they make up about half of all auto insurance written. All of them offer physical damage and liability coverage, but each has a slightly different mix of options and features that shoppers can select from. The data below compares pricing and service ratings, as well as optional policy coverages that are available for customers.