Best Cheap Car Insurance After a Speeding Ticket in Minnesota

When discussing auto insurance, the words cheap or affordable should never be used anywhere to describe car insurance prices. Nonetheless, cheap auto insurance after a speeding ticket may be a thing of the past. Don’t get your dauber down, because we are going to show you how you can still get car insurance that is more budget-friendly.

The car, truck, or SUV that needs insurance is probably the biggest factor when quoting the best cheap auto insurance after a speeding ticket in Minnesota. Vehicles with reasonable performance levels, advanced safety features, or a low likelihood of having liability claims will cost significantly less to insure than adrenaline junky models. The next list features car insurance costs for some of the most economical automobiles to buy coverage for.

Prices above based on single male driver age 50, two speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in specific location information which can raise or lower auto insurance rates considerably.

By looking at the data, we can expect models like the Ford Escape, Honda CR-V, Volkswagen Jetta, Jeep Wrangler, and Chevrolet Traverse will definitely be some of the cheaper vehicles to insure after a few driving violations.

Comparing quotes for low-cost auto insurance is hard enough, and deciding which companies have the cheapest car insurance rates after a speeding ticket will involve even more shopping around. Every insurance provider has their own guidelines for establishing rates, so let’s begin by examining the car insurance companies that tend to be cheaper in Minnesota.

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Travelers quotes some of the best car insurance rates in Minnesota at around $661 per year. USAA, Farm Bureau Mutual, Western National, and The Hartford would also make the list of some of the most economical Minnesota car insurance companies.

As illustrated above, if you are currently insured with The Hartford and switched to USAA, you may see yearly savings of in the neighborhood of $105. Drivers with West Bend Mutual might save as much as $121 a year, and Allied insureds might reduce rates by $379 a year.

To get a quick, customized rate comparison, click here to begin a quote or visit any of the companies below.

These estimates are averaged for all types of drivers and the different vehicles they drive and do not factor in a rate discount after a speeding ticket. So the insurer that is best suited for you may not even be included in the list of companies shown earlier. That underscores the importance of why you need to compare prices as often as possible using your own personal information and vehicle type.

Do you need full coverage?

Finding the best cheap auto insurance after a speeding ticket in Minnesota is the goal of the majority of vehicle owners, and one easy way to find cheap insurance is to only pay for liability coverage. The example below shows the difference between premium costs with and without full coverage. The data assumes no violations or accidents, $500 deductibles, single status, and no additional discounts are factored in.

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As an overall average, full coverage costs an additional $1,996 per year over and above liability only. That is a significant amount which raises the question if full coverage is worth the money. There is no written rule to stop paying for comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s replacement value is $8,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,500 after you pay the deductible. If it’s costing you more than $750 annually for physical damage coverage, then it might be time to buy liability only.

There are some situations where dropping full coverage is not recommended. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

How to find low-cost auto insurance after a speeding ticket

It is possible to find better rates, and here are some money-saving suggestions that can help Minnesota drivers get low-cost auto insurance.

• On older vehicles, drop full coverage
• Staying accident-free helps keep rates low
• Vehicles with safetly features generally cost less to insure
• Avoid price increases by not filing claims
• Bundle home and auto and save
• Avoid getting citations and tickets
• Shop around for cheaper prices often

That last idea is extremely valuable, as we stressed in the prior information. Prices charged by auto insurers vary greatly, so you should be ready to switch carriers if a better deal can be had. Many consumers stick with the same company and that’s fine, but it isn’t a good idea if that inflexibility results in costing you money that could be spent on other things. Spend a few minutes and compare rates to find cheaper auto insurance after a speeding ticket.