Cheap Car Insurance with Multiple Speeding Tickets in Minnesota

The words “affordable” and “insurance” probably shouldn’t be used together, in particular when you are trying to find the lowest insurance prices with multiple speeding tickets. Because it’s not cheap, let’s familiarize you with some situations that have a considerable impact on insurance prices, and find a few ways to lower the price of your next policy.

Comparing rates for cheap car insurance is difficult, and finding out which companies offer the lowest-priced insurance rates with multiple speeding tickets will take even more work. Each company has a proprietary formula for filing rates in each state, so we’ll go over the overall cheapest insurance companies in Minnesota.

Lowest Insurance Price Quotes with License Points

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Travelers normally has some of the cheapest car insurance rates in Minnesota at around $667 annually. Farm Bureau Mutual, USAA, Western National, and West Bend Mutual are also some of the cheaper Minnesota insurance companies.

As illustrated above, if you are a policyholder with Western National and switched to Farm Bureau Mutual, you could earn an annual premium reduction of upwards of $123. Drivers with West Bend Mutual could save as much as $138 a year, and The Hartford policyholders might reduce rates by $159 a year.

These policy rates are averaged across all drivers and vehicles and do not factor in a price discount with multiple speeding tickets. So the company that can offer you the lowest price may not even be in the above list. That is why you need to get car insurance quotes using your own individual information.

For Minnesota drivers, one of the considerations that is looked at to help calculate the annual cost of car insurance is where you call home in Minnesota. Areas with increased crime or more people like Minneapolis, Saint Paul, and Duluth will most likely have higher rates, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.

The following table illustrates the most costly cities in Minnesota with multiple speeding tickets to buy car insurance in.

Table data uses comparative as the garaging address in Minnesota can impact insurance rates noticeably.

The cost and performance of the vehicle requiring insurance is one of the main factors when comparison shopping for the best car insurance with multiple speeding tickets. Vehicles with high performance engines, a lack of modern safety features, or a track record of large liability claims will cost much more to insure than safer models.

The data below illustrates coverage prices for a selection of the cheapest vehicles to insure in Minnesota.

Data based on single male driver age 50, two speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific location which can change prices substantially.

Table data represents 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-policy, and multi-vehicle. Table data does not factor in vehicle garaging location which can modify coverage rates greatly.

Data assumes single male driver age 50, two speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, and multi-policy. Rate information does not factor in specific garaging location which can raise or lower auto insurance rates greatly.

The information below highlights how deductible selection can impact yearly insurance costs when researching cheap insurance with multiple speeding tickets. Data assumes a single female driver, comp and collision included, and no discounts are factored in.

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A 40-year-old driver could lower their car insurance rates by $252 a year by switching from a $100 deductible up to a $500 deductible, or save $380 by using a $1,000 deductible. Younger drivers, like the 20-year-old category, can save $638 or even more by using a higher deductible.

If you do raise deductibles, it will be required to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Liability only or full coverage

Finding cheap auto insurance with multiple speeding tickets in Minnesota is important to most drivers, and one way to lower the cost of insurance is to buy only liability coverage. The diagram below shows the difference between insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The information is based on no claims or driving citations, $500 deductibles, single status, and no policy discounts are applied.

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As an overall average, full coverage on your policy costs $2,027 per year more than insuring for liability only. Many of you may wonder if buying full coverage is a good investment. There is no clear-cut rule to exclude full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

There are a few cases where eliminating full coverage is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not buy liability only.

How to get cheap auto insurance with multiple speeding tickets in Minnesota

It is possible to find better rates, and here are some of the better thrifty suggestions that can help Minnesota drivers quote lower-cost car insurance.

• Maintain a safe distance and avoid accidents
• Bundle home and auto and earn a discount
• Do not file small claims
• Increase deductibles to save money
• Drivers with good credit often pay less
• Tickets and violations raise rates
• Shop around for cheaper prices

That final tip is particularly significant, as was discussed in the prior information. Coverage prices in Minnesota can be changed at any time, so drivers shouldn’t be resistant to switch companies if a cheaper price is available.

Brand loyalty is not necessarily bad, but is isn’t recommended if that faithfulness ends up costing you potentially thousands of dollars a year. If you have a few minutes, compare prices to find cheaper car insurance with multiple speeding tickets.