Who Has Cheap Auto Insurance for High Mileage Drivers in Minnesota?

Deciphering which company offers the cheapest auto insurance rates for high mileage drivers calls for a little more effort in order to find the best price. Each company has a unique approach for setting prices, so we’ll go over the auto insurance companies that tend to be cheaper in Minnesota.

Keep in mind that Minnesota auto insurance rates are calculated based on many things which can significantly increase or decrease the price you pay. Simply having a birthday, buying a home, or getting a speeding ticket can trigger changes in premium that can make some companies cheaper than competitors.

Cheapest Insurance Rates in Minnesota

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Travelers may offer some of the most affordable car insurance rates in Minnesota at around $661 annually. USAA, Farm Bureau Mutual, Western National, and The Hartford are also some of the more affordable Minnesota auto insurance companies.

As shown above, if you have coverage with Farm Bureau Mutual and switched to Travelers, you might realize a yearly price reduction of roughly $176. Policyholders with Western National could save as much as $249 a year, and The Hartford insureds might lower prices by $303 a year.

These estimates are averages across all types of drivers and the different vehicles they drive and do not take into consideration a price decrease for high mileage drivers. So the insurer that can offer you the best rate may not even be in the above rate chart. That point stresses why you need to get auto insurance quotes using your own personal information and vehicle type.

For Minnesota drivers, one of the considerations used to establish a rate quote is where your home is located in Minnesota. Areas that are more densely populated or have higher claim rates like Minneapolis, Saint Paul, and Richfield likely pay more, whereas cities that are not as densely populated benefit from lower prices.

The table below rates the highest-priced areas in Minnesota for high mileage drivers in which to buy car insurance.

Price information shown is estimated as specific Minnesota zip code can raise or lower coverage rates noticeably.

How to get discounts on Minnesota car insurance

Insurance providers that sell cheap auto insurance for high mileage drivers in Minnesota could also offer price discounts that could reduce prices by 25% or more if you are eligible. A few popular companies and a summarized list of policyholder discounts are:

• State Farm discounts include multiple policy, good student, passive restraint, good driver, Drive Safe & Save, and Steer Clear safe driver discount.
• Esurance may offer discounts for online shopper, DriveSense, renters, emergency road assistance, multi-policy, and safety device.
• Progressive may include discounts for multi-policy, online quote discount, continuous coverage, multi-vehicle, and good student.
• Liberty Mutual has discounts for new vehicle discount, good student, multi-car, new move discount, safety features, and preferred payment discount.
• Auto-Owners Insurance may have discounts that include multi-policy, anti-lock brakes, student away at school, teen driver, mature driver, air bags, and company car.
• GEICO includes discounts for anti-lock brakes, good student, emergency military deployment, seat belt use, anti-theft, and multi-vehicle.

The diagram below illustrates the comparison of annual premium costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with accident-free, homeowner, vehicle safety, safe-driver, passive restraint, and claim-free discounts applied. When these discounts are applied, the the average yearly reduction on auto insurance for high mileage drivers is 28% or $650.

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Best cheap insurance quotes for high mileage drivers

Due to technology, there are many ways to buy auto insurance in Minnesota, but the most prevalent ways are through an exlusive agent like State Farm or Liberty Mutual, an independent agent, or buying direct from a company like Geico or Progressive. Each way has the same basic process, but it’s important to point out the distinctions in how they price policies.

Independent agencies have contracts with multiple insurance companies and can compare rates with all of them. These types of agencies are able to provide multiple price quotes, which can give you the best idea of how your rates compare. If a cheaper rate is found, they can switch companies in-house and you don’t have to switch agencies.

An exlusive, or captive, agency is only able to quote your policy with a single company, examples being an Allstate or State Farm agent. These agents normally cannot give you multiple price quotes, so you will not be able to compare multiple prices.

If you buy direct, you skip local insurance agents and instead buy buying direct from a company like Progressive or Geico. Buying direct is good for consumers who do not need advice for asset protection and understand how auto insurance works and possible exclusions.

Out of those three methods, which one works best for finding cheap auto insurance for high mileage drivers in Minnesota? Most drivers assume that buying from a direct car insurance company results in the best prices because there are no middleman commissions, but unfortunately, that is not the case. A good argument could also be made that going through an independent agent saves the most money since they can provide multiple quotes, but that idea is not necessarily true either. In many cases, exclusive agents have really good rates that are the lowest in Minnesota.

Because it’s impossible to say who has the best auto insurance rates, the best way to not overpay for auto insurance is to compare rate quotes from as many companies as possible. Be sure to get quotes from all three types to give yourself enough choices. For a list of companies with online discounts, click here to view.