Who Has Cheap Auto Insurance for 19 Year Olds in Minnesota?

The words “low-cost” and “auto insurance” really shouldn’t be used together, especially when shopping around for the best car insurance for 19 year olds. To save some money, let’s introduce you to some of the factors that have an impact on auto insurance prices, and find a way to reduce the cost of the next policy you buy.

When buying car insurance for teenage drivers, one of the key criteria that help determine auto insurance rates is where your car is garaged in Minnesota. Areas with more people like Minneapolis, Maplewood, and Duluth are more likely to pay higher prices, whereas cities that are not as densely populated have the luxury of cheap auto insurance for 19 year olds in Minnesota.

The following table shows the more expensive cities in Minnesota for 19 year olds in which to buy car insurance.

Rates are comparative as the specific area where the vehicle is garaged can affect coverage rates noticeably.

Cost and performance of the vehicle you are trying to insure is one of the largest considerations when shopping for cheap auto insurance for 19 year olds in Minnesota. Vehicles with more horsepower, poor passenger safety features, or high incidents of liability claims will cost more to insure than more modest models. The next tables features insurance premiums for a selection of the cheapest automobiles to buy coverage for.

Price data assumes single male driver age 19, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific zip code location which can increase or decrease coverage prices noticeably.

Premium data assumes single male driver age 19, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in garaging location in Minnesota which can increase or decrease auto insurance rates noticeably.

Data rating is based on single male driver age 19, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in Minnesota location which can impact coverage rates significantly.

The information below demonstrates how deductible levels can impact insurance costs when trying to find cheap insurance for 19 year olds. The costs are based on a single male driver, full coverage, and no discounts are applied to the premium.

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The data above shows that a 40-year-old driver could save $314 a year by changing from a $100 deductible up to a $500 deductible, or save $470 by using a $1,000 deductible. Even younger insureds, such as the 20-year-old example, have the ability to save $1,028 or more just by choosing higher deductibles.

When raising deductibles, it is important to have enough in a savings account to offset the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Auto insurance company ratings

Finding the highest-rated car insurance company is hard considering how many companies there are in Minnesota. The company rank data in the lists below could help you select which car insurance companies to look at when shopping car insurance rates for 19 year olds. These ratings are only comprised of companies with a nationwide focus, so companies that may only write in Minnesota will not be included in these rankings.

Top 10 Major Car Insurance Companies in Minnesota Ranked by Customer Satisfaction

1. USAA – 92%
2. 21st Century – 88%
3. American Family – 88%
4. Nationwide – 88%
5. State Farm – 88%
6. Progressive – 87%
7. Liberty Mutual – 87%
8. AAA Insurance – 87%
9. The Hartford – 87%
10. Farmers Insurance – 87%

Who has the cheapest insurance quotes for teenage drivers?

There are many different ways to compare cheaper auto insurance rates in Minnesota, but the most prevalent are from a non-exclusive or independent agent, an exclusive agency such as State Farm or Liberty Mutual, or direct from companies such as Geico or Progressive. They all have the same end result, but auto insurance shoppers should know the differences in how they function.

Independent insurance agencies work for many companies and can compare rates with every one. These types of agencies will compare multiple rates, which can help you get better odds of saving money. If your agent finds a cheaper company, the business is moved internally without you having to go to a different agency.

A captive, or exclusive, agent is only able to quote your policy with just one company, for example Allstate and Liberty Mutual agents. These agents are unable to provide a range of price quotes, so you need to shop around if the rates are high.

Drivers who opt to buy auto insurance direct skip local agents and instead shop from a direct company like Progressive or Esurance. This option can be good for consumers who do not need advice for risk management and have a decent understanding of what coverages they need.

So comparing independent agents, exclusive agents, and direct, which one works best to find cheap auto insurance for 19 year olds in Minnesota? Most people would assume that shopping direct results in the best prices since there is no middleman, but unfortunately, it’s not that simple. We could also assume that buying auto insurance from an independent agent is the best way since they have more companies to choose from, but that idea is not necessarily true either. For the right applicant, exclusive agents may have very competitive prices that are impossible to beat.

Since auto insurance companies use so many rating factors, the one way to make sure you’re not overpaying for auto insurance is to get rate quotes and compare. If you want to save money, get quotes from all three to have a good selection of rates to choose from. For a list of companies offering online discounts, click here to view.

Tips for finding low-cost insurance for 19 year olds

The list below details many money-saving ideas that can help Minnesota drivers buy cheaper coverage.

• Buy a car with high safety ratings
• Do not get traffic citations
• Better credit rating means better rates
• Increase your comprehensive and collision deductibles
• Avoid preventable accidents
• Keep rates low by shopping around frequently

That last piece of advice is notably valuable, as was emphasized in the prior information. Prices go up and down frequently, so don’t hesitate to switch to a new company if a lower-cost policy is available.

Staying with the same company for years is fine, but we do not recommend it if that inflexibility results in costing you a lot of money every month. If you have a few minutes, now is a great time to shop around to find cheaper auto insurance for 19 year olds.