How Much is Car Insurance for Welfare Recipients in Minnesota?

You have probably watched the captivating commercials from auto insurance companies like GEICO and Liberty Mutual that claim big savings, so you just need to choose any of them, right?

It’s not that easy, however, as there are many unknown elements like your gender, what liability limits you need, the number of miles you drive each year, and your age, that all have an effect on the price of a policy. This article goes into detail about these topics and will give you a good beginning to your quest for cheaper car insurance in Minnesota.

For Minnesota drivers, one of the things that car insurance companies use to calculate rate quotes is where you keep your vehicle in Minnesota. Areas with a lot of weather claims or more people like Saint Paul, Minneapolis, and Richfield will most likely have higher rates, whereas areas with less congestion generally pay less for car insurance.

The illustration below rates the priciest cities in Minnesota for welfare recipients to buy car insurance in.

Annual rates are estimated as the specific geographic location can influence price quotes noticeably.

The vehicle driven is one of the largest factors when comparing economical car insurance for welfare recipients. Vehicles with higher performance, a lack of modern safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models.

The information below ranks auto insurance costs for some of the most economical automobiles to insure.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in specific location which can increase or decrease coverage rates substantially.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Prices do not factor in garaging location in Minnesota which can lower or raise premiums considerably.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate information does not factor in specific garaging location which can decrease or increase price quotes significantly.

Figuring out which company offers the cheapest insurance rates for welfare recipients involves a bit more effort than just getting one or two price quotes.

Every auto insurer has a unique approach for determining prices, so let’s rank the lowest cost insurance companies in Minnesota. Keep in mind that Minnesota insurance rates are based on many factors which can substantially decrease or increase the cost of a policy. Turning one year older, marrying your spouse, or getting a speeding ticket may cause policy rate changes that can now make some companies much cheaper than others.

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Travelers generally has some of the best car insurance rates in Minnesota at around $667 each year. USAA, Farm Bureau Mutual, Western National, and West Bend Mutual would also be considered some of the most economical Minnesota auto insurance companies.

As the rates illustrate above, if you buy coverage from Western National and switched to Travelers, you may see annual savings of roughly $261. Minnesota drivers with West Bend Mutual might save as much as $285 a year, and The Hartford policyholders might reduce prices by as much as $287 a year.

If you would like to find cheap auto insurance for welfare recipients in Minnesota, click here or visit any of the companies below.

It’s important to note that these premium estimates are averages across all types of drivers and the different vehicles they drive and are not factoring in a price decrease for welfare recipients. So the auto insurance company that has the cheapest rates for you may not even be featured in the above rate chart. That’s why you need to get quotes using your own specific driver and vehicle information.

The information below demonstrates how deductible levels can increase or decrease insurance premiums when researching cheap insurance for welfare recipients. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are taken into consideration.

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As shown above, a 50-year-old driver could save $252 a year by switching from a $100 deductible up to a $500 deductible, or save $380 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old, could drop their prices as much as $638 or more by selecting a higher deductible.

If you make the decision to raise deductibles, it is a good idea to have additional funds in a savings account to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Poor driving habits will raise your insurance rates

The recommended way to snag the best insurance rates in Minnesota for drivers on welfare is to be a safe driver and maintain a clean driving record. The information below highlights how traffic violations and at-fault claims can raise auto insurance rates for each age group. The premiums are based on a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

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The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,136. Receive one speeding ticket and the average cost rises to $1,306, an increase of $170 each year. Next add one accident along with the one speeding ticket and the yearly cost of insurance for welfare recipients jumps again to an average of $1,777. That’s an increase of $641, or $53 per month, just for not being a responsible driver!