Cheapest Auto Insurance Quotes for Teachers in Minnesota

When the topic is auto insurance, the word affordable shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Forgive the oxymoron, but cheap auto insurance for teachers is not always easy to find. We’ll try to make it up to you, because we are going to show you some ways you can get insurance that you can fit into your budget.

One of the key things that car insurance companies use when figuring the price of your policy is where your residence is. Larger areas like Minneapolis, Maplewood, and Coon Rapids tend to have more expensive car insurance rates, whereas areas that tend to be more rural generally pay lower car insurance rates.

The following table lists the most expensive cities in Minnesota for teachers to purchase auto insurance in.

Premium amounts are estimated as the specific zip code location can decrease or increase price quotes considerably.

The vehicle that needs insurance is probably the largest consideration when trying to find the most affordable coverage for teachers. Vehicles with limited top-end speed, a plethora of safety features, or a low likelihood of liability claims will cost much less to insure than high performance models. The list below shows coverage costs for some of the most cost-effective automobiles to buy coverage for.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rates do not factor in vehicle location which can modify coverage rates considerably.

By looking at the data, we can presume that makes and models like the Ford Escape, Honda CR-V, Volkswagen Jetta, Toyota Highlander, and Ford Focus should be some of the more affordable vehicles to insure for teachers and educators.

Ending up with a highly-rated car insurance company can be difficult considering how many companies provide coverage in Minnesota. The company rank data in the lists below can help you choose which insurers you want to consider comparing rates from. These ratings only include companies that insure vehicles across America, so smaller companies that only insure vehicles in Minnesota are not taken into consideration for this list.

Top 10 Major Auto Insurance Providers in Minnesota Ranked by Customer Service

1. Nationwide
2. State Farm
3. Safeco Insurance
4. American Family
5. Liberty Mutual
6. GEICO
7. Travelers
8. Allstate
9. The Hartford
10. Esurance

Full coverage versus liability only rates

Finding the cheapest auto insurance for teachers in Minnesota should be important to the majority of drivers, and one of the easiest ways to buy cheaper insurance is to only buy liability coverage. The illustration below illustrates the comparison of car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The costs are based on no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

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If we average all the age groups together, full coverage on your policy costs $2,479 per year more than just buying liability only. That proposes the question when is it safe to stop buying full coverage. There is no written rule for dropping physical damage insurance, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it might be time to buy liability only.