Cheapest Car Insurance for Uber Drivers in Minnesota

The words “low-cost” and “auto insurance” probably shouldn’t be used in the same sentence, in particular when searching for the best price on coverage for Uber drivers. In an attempt to save some money, let’s get started by showing you some situations that have an effect on car insurance rates, and see if you can reduce the cost of your next policy.

One of the key criteria that car insurance companies use to determine the price of your policy is your address in Minnesota. Cities with larger populations or higher claim trends like Maplewood, Saint Paul, and Blaine tend to have more expensive auto insurance rates, whereas areas that are not as densely populated have the enjoyment of a little cheaper coverage.

The next table lists the highest-priced places in Minnesota for Uber drivers to buy auto insurance in.

Premium amounts are estimated as the specific area where the vehicle is garaged can impact coverage prices greatly.

Locating affordable car insurance is not easy, and deciding which companies have the lowest-priced car insurance rates for Uber drivers requires even more rate comparisons. Every insurance company uses different criteria to set their prices, so to begin we’ll rank the car insurance companies with the most affordable rates in Minnesota.

It’s important to understand that Minnesota car insurance rates are impacted by many factors that can increase the cost of a policy. Taking a driver safety course, buying a different vehicle, or having an at-fault accident can trigger rate changes that can make some companies cheaper than competitors.

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google.charts.setOnLoadCallback(drawMNT5qcibChart);function drawMNT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Travelers’, 661, ‘#FF9333’], [‘Farm Bureau Mutual’, 829, ‘#D47A2A’], [‘USAA’, 831, ‘#B06523’], [‘The Hartford’, 936, ‘#92541D’], [‘Western National’, 937, ‘#794618’]]);var options = {title: ‘Top Five Low-Priced Car Insurance Companies in Minnesota’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1037,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

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

In the above example, if you currently buy coverage from The Hartford and switched to Farm Bureau Mutual, you might see an annual premium reduction of about $107. Minnesota drivers with Western National could save as much as $108 a year, and West Bend Mutual policyholders might reduce rates by $152 a year.

If you want to see how much you could save, click here to begin a quote or feel free to get quotes from the companies below.

Be aware that those estimates are averages for all ages of drivers and types of vehicles and and are not figured with a rate decrease for Uber drivers. So the company that has the cheapest rates for you may not even be included in the rate chart shown above. That helps illustrate why you need to get rate quotes from many companies using your own individual information.

Illustration showing the impact of accidents and violations

A great way to enjoy the cheapest auto insurance for Uber drivers in Minnesota is to be a careful driver and avoid getting tickets or having accidents. The illustration below illustrates how traffic citations and accidents impact car insurance costs for different age groups of insureds. The price estimates are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.

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 Two Accidents’],[‘Age 20’, 3035,3601,5971],[‘Age 30’, 1581,2141,4511],[‘Age 40’, 1545,2109,4475],[‘Age 50’, 1415,1977,4347],[‘Age 60’, 1373,1937,4305],[‘Age 70’, 1717,2281,4649]]);var options = {title: ‘Effect of Citations and Accidents on Minnesota Insurance Cost’,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 above shows the average cost of a car insurance policy per year with no violations or accidents is $1,778. Receive two speeding tickets and the average cost hikes up to $2,341, an increase of $563 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for Uber drivers increases to an average of $4,710. That’s an increase of $2,932, or $244 per month, just for not being attentive to the road!

Which car insurance company is best?

When shopping for auto insurance for Uber vehicles, some of the first companies to look at are Progressive, State Farm, Geico, and Allstate. The table below breaks down price and claims rank as well as some different options that are available for policyholders.

How to find the cheapest auto insurance for Uber drivers in Minnesota

Lowering your rates is not difficult, and here are some of the recommended money-saving ideas that can help Minnesota drivers buy cheaper coverage.

• Raise your physical damage coverage deductibles
• Save money by only buying liability coverage for older vehicles
• Good credit can mean cheaper rates
• Keep your driving record clean
• Vehicles with good safety ratings are usually cheaper to insure
• Remain accident-free and save
• Look for cheaper rates once a year by shopping around

The last tip is remarkably vital, as was pointed out in the prior article. Insurance rates in Minnesota can be changed at any time, so drivers shouldn’t be reluctant to switch to a new company if you can find a cheaper rate. We understand brand loyalty, but it’s not a good idea if that loyalty results in overpaying a fortune every year. It only take a few minutes to shop around and find cheaper auto insurance for Uber drivers.