Cheapest Car Insurance Minnesota: Cost and Options (2023) (2023)

The Cheapest Minnesota Car Insurance Rates Are $345 Per Year for Liability Insurance From USAA and $1,060 Per Year for Full Coverage From USAA

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Finding cheap car insurance in Minnesota isn’t always easy, but it’s not impossible, either. We at the Guides Auto Team have reviewed the best car insurance companies with the cheapest rates in Land of 10,000 Lakes.

To help you find the best deal for your Minnesota car, we’ll cover company ratings, reviews, coverage, insurance laws and more — with estimates for drivers from different profiles and a list of recommended providers.

Why Trust Our TeamThe Guides Auto Team is committed to providing reliable information to help you make the best possible decision regarding insurance for your vehicle. Our researchers, writers and editors are dedicated to investigating providers and analyzing customer feedback and insights so you can choose with confidence.

Cheapest Car Insurance Minnesota: Cost and Options (2023) (1)

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Cheapest Car Insurance Minnesota: Cost and Options (2023) (2)

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Cheapest Car Insurance Minnesota: Cost and Options (2023) (3)

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Cheapest Car Insurance in Minnesota

Because insurance coverage rates are slightly cheaper in Minnesota than the national average, you have a good chance at finding great car insurance in Minnesota at excellent prices. Here, we’ll look at the cheapest car insurance companies and coverage options in the state, beginning with the most affordable providers and coverage options.

Cheapest Car Insurance Companies in Minnesota

When shopping for car insurance, it’s important to look at providers’ prices but also while considering factors like claims satisfaction and discount availability. Below are our top five recommendations for car insurance in Minnesota, and our ratings for each across several categories.

We recommend looking into State Farm, USAA, Geico, Liberty Mutual and American Family Insurance for the cheapest auto insurance in Minnesota.

Cheap Minnesota Car Insurance Companies

Overall Rating

Coverage Rating

Cost Rating

1. State Farm








3. Geico




4. Liberty Mutual




5. American Family Insurance




(Video) How To Get The CHEAPEST CAR INSURANCE In Minneapolis / Lowest Cost Insurance In MN!

*Our research team considers nationwide factors when scoring providers. The ranking of providers in this table is specific to car insurance in Minnesota.

Cheapest Car Insurance Coverage in Minnesota

Our rate estimates revealed that drivers in Minnesota can find full coverage car insurance for as cheap as $1,060 per year and minimum coverage as low as $345 per year. Below are the largest providers in Minnesota, ranked by the cheapest coverage cost.

Car Insurance CompanyMinimum Liability Annual EstimateFull Coverage Annual Estimate
Auto-Owners Insurance$353$1,541
North Star Mutual Insurance Company$437$1,832
State Farm$490$1,228
Western National Insurance$561$1,881
American Family Insurance$701$1,288

These estimates are based on a 35-year-old driver with good credit and a clean driving record. Your rates will vary depending on factors like your age, credit history, driving record and more. When shopping around, always be sure to compare car insurance quotes to find the best option for you.

Cheap Car Insurance in Minnesota

Age, driving histories and credit scores can have huge impacts on the cost of car insurance in Minnesota. Below we compare cheap car insurance estimates for Minnesota drivers in these categories.

Cheapest Car Insurance for Young Drivers in Minnesota

Young drivers in their teens and early 20s can pay significantly more for car insurance than older adults. The series of tables below show the cheapest car insurance for young drivers in Minnesota, along with estimated monthly and annual costs.

Cheapest Minnesota Auto Insurance for 16-Year-Olds

Sixteen-year-olds on their own insurance can find full coverage as low as $3,036 per year.

Cheapest Car Insurance in MinnesotaEstimated Monthly CostEstimated Annual Cost
State Farm$253$3,036
Auto-Owners Insurance$280$3,355
North Star Mutual Insurance Company$287$3,442

Cheapest Minnesota Car Insurance for 17-Year-Olds

Car insurance prices are slightly cheaper for 17-year-olds in Minnesota, with average costs starting at $2,726 per year.

Cheapest Car Insurance in MinnesotaEstimated Monthly CostEstimated Annual Cost
State Farm$227$2,726
Auto-Owners Insurance$259$3,113
North Star Mutual Insurance Company$287$3,442

Cheapest Minnesota Car Insurance for 18-Year-Olds

Eighteen-year-olds can find full coverage insurance as low as $2,470 per year on average in Minnesota.

Cheapest Car Insurance in MinnesotaEstimated Monthly CostEstimated Annual Cost
State Farm$206$2,470
Auto-Owners Insurance$238$2,859
American Family Insurance$265$3,182

Cheapest Minnesota Car Insurance for 21-Year-Olds

Prices for car insurance in Minnesota drop for 21-year-olds. Drivers can find full coverage policies as low as $1,631 per year.

Cheapest Car Insurance in MinnesotaEstimated Monthly CostEstimated Annual Cost
State Farm$161$1,927
Auto-Owners Insurance$175$2,103
American Family Insurance$182$2,188

Cheapest Minnesota Car Insurance for 25-Year-Olds

In Minnesota, 25-year-olds can find full coverage insurance as cheap as $1,341 per year on average.

(Video) How Much Car Insurance Do I Actually Need?
Cheapest Car Insurance in MinnesotaEstimated Monthly CostEstimated Annual Cost
State Farm$118$1,415
American Family Insurance$123$1,471
Auto-Owners Insurance$146$1,748

Cheapest Minnesota Car Insurance for High-risk Drivers

At-risk drivers who have had a speeding ticket, DUI or recent accident can pay substantially more for auto insurance. The sections below provide estimates for the cheapest car insurance rates for drivers who may fall into these categories.

Cheapest Minnesota Car Insurance for Drivers With a Speeding Ticket

If you get a speeding ticket, you can count on your auto insurance rates going up. On average, Minnesota drivers with a speeding ticket pay around $2,217 per year for full coverage insurance.

Car Insurance CompanyEstimated Monthly CostEstimated Annual Cost
State Farm$117$1,408
American Family Insurance$147$1,768

Cheapest Minnesota Car Insurance for Drivers With a Recent Accident

Having an at-fault accident on your record can raise your rates substantially. On average, drivers with a recent accident pay around $2,918 per year for full coverage insurance in Minnesota.

Car Insurance CompanyEstimated Monthly CostEstimated Annual Cost
State Farm$127$1,518
American Family Insurance$138$1,650

Cheapest Minnesota Car Insurance for Drivers With a DUI

As a serious traffic violation, a DUI can send your car insurance premiums soaring. On average, full coverage insurance costs around $3,567 per year for drivers with a DUI.

Car Insurance CompanyEstimated Monthly CostEstimated Annual Cost
State Farm$117$1,408
American Family Insurance$147$1,768
Western National Group$172$2,059

Cheapest Minnesota Car Insurance for Drivers With Poor Credit

In Minnesota, insurance companies are legally allowed to adjust your premiums based on your credit score. On average, Minnesota drivers with poor credit scores pay $3,107 per year for a full coverage policy.

Car Insurance CompanyEstimated Monthly CostEstimated Annual Cost
American Family Insurance$213$2,558
State Farm$220$2,645

Best Cheap Car Insurance in Minnesota

For those who would like to know about the cheapest auto insurance in the Gopher State, the sections below contain more detailed information, including each provider’s rank in the J.D. Power 2022 U.S. Auto Insurance Study:

1. State Farm: Editor’s Choice

J.D. Power regional rating: 843/1,000
AM Best financial strength rating: A++
Better Business Bureau (BBB) rating: A+

When it comes to car insurance in Minnesota, State Farm offers low average rates and extensive coverage options. In Minnesota, you can get extras such as rental car reimbursement, travel expense coverage, roadside assistance and rideshare insurance.

If you’re a good driver with a low average mileage, you can save money with the Drive Safe & SaveTM usage-based program. State Farm is also known for having a great student discount of 25%.

Keep reading: State Farm insurance review

(Video) Top 10 Car Insurers for Bad Driving 2023: Car Insurance Cheapest Price & More Benefits 🔶 RISK S2•E11

2. USAA: Low Rates for Military

J.D. Power regional rating: 879/1,000
AM Best financial strength rating: A++
BBB rating: A-

According to our rate estimates, USAA is the cheapest auto insurance provider for many drivers in Minnesota. However, you can only get coverage from USAA if you are a member of the military or a veteran, or if you have close family in the military. USAA’s usage-based program, SafePilot®, is available in Minnesota. You can save up to 30% with the program depending on your driving habits. USAA offers extras including accident forgiveness, roadside assistance and car replacement assistance.

Keep reading: USAA insurance review
Compare: USAA vs. Geico

3. Geico: Affordable for Most Drivers

J.D. Power regional rating: 847/1,000
AM Best financial strength rating: A++
BBB rating: A+

Geico is another good option for cheap car insurance in Minnesota. One thing that sets Geico apart from other providers is that it offers mechanical breakdown insurance, which is similar to an extended warranty for internal components of your vehicle. Geico also offers a range of extra coverage options, including roadside assistance and rental reimbursement.

Keep reading: Geico insurance review
Compare: State Farm vs. Geico

4. Liberty Mutual: Good Programs for Young Drivers

J.D. Power regional rating: 840/1,000
AM Best financial strength rating: A
BBB rating: A+

In our research, we found that Liberty Mutual can be a great option for teens and military drivers in Minnesota. The company offers a number of extra coverage options, including a lifetime repair guarantee. With this option, Liberty Mutual makes arrangements for repairs and guarantees the repairs for as long as you own your vehicle. You can also get options such as gap insurance, original parts replacement and rental reimbursement from the company.

Keep reading: Liberty Mutual insurance review

5. American Family Insurance: Low Full-coverage Rates

J.D. Power regional rating: 839/1,000
AM Best financial strength rating: A
BBB rating: A

American Family is another affordable option for car insurance in Minnesota. Extra options from American Family include gap insurance, rental reimbursement and emergency roadside assistance. The company also offers rideshare insurance for drivers in the gig economy to stay protected on the road.

Keep reading: American Family insurance review

Average Car Insurance Cost: Minnesota

The average cost of car insurance in Minnesota is $1,632 per year (or $136 per month) for a full coverage policy. This is good news for drivers in the Land of 10,000 Lakes, as that’s cheaper than the national average rate of $1,730 per year.

Cheapest Car Insurance Minnesota: Cost and Options (2023) (4)

Cost of Car Insurance in Minnesota by City

Auto insurance rates differ from state to state, but they also vary within states. Like in many other states, Minnesota residents in more urban ZIP codes typically pay higher rates for insurance than those in rural areas. The table below shows rate estimates for different Minnesota cities.

City in MinnesotaEstimated Monthly CostEstimated Annual Cost
St. Cloud$125$1,497
Eden Prairie$130$1,562
Maple Grove$130$1,565
Apple Valley$131$1,575
Forest Lake$132$1,585
Cottage Grove$134$1,612
St. Louis Park$135$1,618
Coon Rapids$139$1,666
Brooklyn Park$143$1,710
St. Paul$160$1,915

Minnesota Car Insurance Cost by Age

Your age is one of the biggest factors in how much you pay for a car insurance policy. Younger drivers are more likely to get into car accidents, so they pay more. After age 30, car insurance prices typically level out until age 55, when prices increase again slightly.

AgeEstimated Monthly CostEstimated Annual Cost

Factors That Affect Car Insurance Rates in Minnesota

Cheapest Car Insurance Minnesota: Cost and Options (2023) (5)
We’ve covered how age, locations, driving records and credit scores affect car insurance rates in Minnesota. Here are some other important factors in the cost of your premiums:

  • Marital status: Insurers tend to give married drivers lower rates than single drivers because married drivers are more likely to bundle policies and own several cars.
  • Gender listed on driver’s license: Female drivers get lower rates than same-age male drivers at certain ages, especially when they’re in their teens and early 20s.
  • Deductible amount: Opting for a higher deductible will lower a premium, but drivers will have to pay more out of pocket in the event of a car collision.
  • Policy discounts: Car owners can qualify for many discounts at insurance companies, and these can really help lower premiums.

Minnesota Car Insurance Requirements

Minnesota’s minimum coverage requirements are a bit more extensive than some other state minimums. Minnesota law requires drivers to carry personal injury protection (PIP), liability, uninsured motorist coverage and underinsured motorist coverage.

What Is the Minimum Car Insurance in Minnesota?

Here are the details according to the Minnesota Commerce Department:

  • Personal injury protection (PIP): $40,000
  • Bodily injury liability insurance: $30,000 per person and $60,000 per accident
  • Property damage liability: $10,000 per accident
  • Underinsured/uninsured motorist insurance: $25,000 per person and $50,000 per accident

Minnesota is a no-fault state. That means you pursue injury claims from your own company under your PIP coverage. This is also why the state requires PIP coverage for every driver. The no-fault system only applies to medical expenses from accidents, not property damage.

Be aware that Minnesota state requirements such as liability coverage won’t cover your vehicle if you are responsible for the accident. To get full coverage, consider adding collision coverage and comprehensive coverage to your auto insurance policy. Lenders usually require these types of insurance, as well.

Is It Illegal Not To Have Car Insurance in Minnesota?

Minnesota has strict laws about driving with no insurance. It is actually considered a misdemeanor criminal offense in the state.

Your first and second offense of driving without insurance in Minnesota can result in fines of up to $1,000, losing your license for up to 30 days, a requirement to carry SR-22 (high-risk) coverage and, in some cases, community service. If you have a third offense within 10 years, you can lose your license for a year, be fined up to $3,000 and spend as many as 90 days in jail.

How To Get Car Insurance in Minnesota

In Minnesota, you can find affordable auto insurance coverage from many providers, including State Farm, USAA and Geico. We recommend comparing multiple car insurance quotes as you shop for coverage since each provider will treat your situation differently.

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Minnesota Car Insurance: Conclusion

In this article, we reviewed the cheapest auto insurance companies, coverage and rates in the state of Minnesota. We also looked at the Gopher State’s average cost of car insurance and coverage requirements.

Car Insurance Minnesota: FAQ

Below are some frequently asked questions about cheap car insurance in Minnesota:

Our Methodology

Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.

Here are the factors our ratings take into account:

  • Cost (30% of total score): Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
  • Coverage (30% of total score): Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
  • Reputation (15% of total score): Our research team considered market share, ratings from industry experts and years in business when giving this score.
  • Availability (10% of total score): Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
  • Customer Experience (15% of total score): This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.

*Data accurate at time of publication.


What car insurance company is usually the cheapest? ›

The cheapest car insurance company overall: State Farm

State Farm is the cheapest major auto insurance company in the nation for good drivers, according to NerdWallet's 2023 analysis of minimum coverage rates.

How much is car insurance in MN per month? ›

How much does car insurance cost in Minnesota? The average cost of minimum coverage car insurance in Minnesota is $57 per month. Full coverage car insurance costs an average of $140 per month.

What is the minimum car insurance in MN? ›

Minnesota requires the following minimum coverages on your car insurance: Bodily injury liability: $30,000 per person and $60,000 per accident. Property damage liability: $10,000. Personal injury protection (PIP): $40,000.

What are 10 easy ways to get cheap car insurance? ›

How to get cheap car insurance
  • Compare car insurance quotes. ...
  • Bundle your policies. ...
  • Raise your deductible. ...
  • Make sure you get all of the available discounts. ...
  • Compare insurance rates when you're car shopping. ...
  • Avoid tickets and accidents. ...
  • Drop coverage you don't need.
Mar 1, 2023

Which is cheaper Geico or Progressive? ›

Both Geico and Progressive offer lower average premiums on policies for drivers and homeowners, but if cost is your primary consideration, Geico has the edge. Its average rates tend to be lower than the average rates offered by Progressive, and the company's extensive discount list may help you save even more.

What is the best car insurance right now? ›

Based on our research, the best car insurance companies are:
  • Geico.
  • Amica.
  • USAA.
  • Safeco.
  • Auto-Owners.
  • State Farm.
  • Progressive.
  • New Jersey Manufacturers (NJM)

How much is a no insurance ticket in MN? ›

If you fail to present proof of active insurance when requested by law enforcement, such as at traffic stops or the scene of an accident, you'll be fined $200 to $1,000. For the first and second offenses, your driver's license, registration and license plates can be suspended up to one year.

Is yearly car insurance cheaper than monthly? ›

But paying annually does have its benefits, including: Your insurer may offer you a discount of around 7% on the total cost, therefore, you'll save funds on the total cost of your policy. You won't have to pay any administration fees associated with paying in monthly installments.

Is monthly car insurance better? ›

If you can afford to pay for your car insurance in one go, that is almost always cheaper than choosing to pay monthly car insurance. That's because, by paying a lump sum upfront, you avoid entering into a credit agreement that involves paying interest on the premium calculated by the insurer.

Is Minnesota a no pay no play state? ›

Drivers in No Pay, No Play states can, however, receive compensation for things like property damage, medical bills, and lost wages. As of 2011, new No Pay, No Play legislation was pending in Minnesota, Montana, and Oklahoma.

How long can you drive without insurance after buying a car in Minnesota? ›

WalletHub, Financial Company

The Minnesota new-car insurance grace period is 2 to 30 days in most cases. The new-car grace period is how long insured drivers are allowed to drive a newly purchased vehicle before adding it to an existing car insurance policy.

What insurance is mandatory in Minnesota? ›

Under most circumstances, a licensed vehicle in the state of Minnesota must have liability, personal injury protection, uninsured motorist, and underinsured motorist coverage.

What are two things that can lower your car insurance? ›

Here are some ways to save on car insurance1
  • Increase your deductible.
  • Check for discounts you qualify for.
  • Compare auto insurance quotes.
  • Maintain a good driving record.
  • Participate in a safe driving program.
  • Take a defensive driving course.
  • Explore payment options.
  • Improve your credit score.

Does credit score affect car insurance? ›

A higher credit score decreases your car insurance rate, often significantly, with almost every insurance company and in most states. Getting a quote, however, does not affect your credit.

Who is cheaper than State Farm? ›

Geico and Progressive are better than State Farm, based on factors like average premiums, number of discounts available, and customer service record. Geico is also one of five top-10 car insurance companies that are cheaper on average than State Farm, along with Travelers, USAA and Progressive.

Is Allstate cheaper than GEICO? ›

On average, GEICO offers more affordable rates than Allstate for drivers with credit scores of less than 580. Drivers with outstanding credit — a score of 800 or better — should consider GEICO, which typically beats Allstate by $679 per year. View common insurance rates by credit level for Allstate and GEICO below.

What insurance company typically has the best rates? ›

According to our analysis, USAA, Geico, and State Farm consistently offer some of the cheapest annual rates on average, including policies to fit specific needs, such as for a teenager or for a driver with a blemish on their driving record like a speeding ticket or traffic accident.

What is the cheapest time to insurance a car? ›

According to our research, car insurance premiums start to go up within eight days of your current policy ending, and the sharpest rise comes around three days before. So as long as you buy before then you should avoid the big price hike reserved for those who leave it until the last minute.

How can I get best insurance? ›

How to Choose the Best Health Insurance Policy?
  1. Choose an adequate sum insured amount. ...
  2. Choose the right coverage type. ...
  3. Check the flexibility to increase the total amount you are insured for. ...
  4. Check the pre-existing disease waiting period. ...
  5. Check the maximum renewal age. ...
  6. Pick an insurer with a high claim settlement ratio.

What is the most common car insurance? ›

A Third-party car insurance is one of the most common types of car insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.

What happens if the person at fault in an accident has no insurance in MN? ›

Penalties for Driving Without Insurance in Minnesota

Anybody charged with driving without insurance could face up to 90 days in jail and a fine of up to $1,000. The law specifically states that “the court shall impose a fine of not less than $200,” so you can expect to pay at least that much and likely more.

Do speeding tickets affect insurance in MN? ›

Speeding tickets are relatively common, but they're still indications of risky driving behavior. A Minnesota speeding ticket increases the average cost of car insurance by 24%, according to Bankrate's 2021 study of quoted annual premiums. Compare rates and save on auto insurance today!

Can you drive without insurance in MN? ›

(a) Every driver shall have in possession at all times when operating a vehicle and shall produce on demand of a peace officer proof of insurance in force at the time of the demand covering the vehicle being operated.

Does Geico raise rates after 6 months? ›

For instance, at GEICO, a six-month auto insurance policy costs an average of $524, while a 12-month policy costs $1,047. However, once the renewal period comes around for a six-month policy, rates may increase or decrease based on your driving record and how insurers calculate rates.

Which age has the highest monthly cost for auto insurance? ›

18-year-old drivers on their own policy pay the highest car insurance premiums out of the age groups Bankrate analyzed.

Is it cheaper to pay car insurance every 6 months or monthly? ›

In most cases, a six-month policy is going to be cheaper than a 12-month policy because you are paying for coverage over a shorter period of time. However, if you compare your car insurance price on a monthly basis, it may not be much different between a six-month policy and a 12-month policy.

How to get a cheap car insurance? ›

Follow our other top tips to drive the cost down even further.
  1. Limit your mileage. ...
  2. Pay annually. ...
  3. Improve security. ...
  4. Increase your voluntary excess. ...
  5. Build up your no claims bonus discount. ...
  6. Only pay for what you need. ...
  7. See if it's cheaper to buy add-ons as separate products. ...
  8. Consider your cover type.
Dec 5, 2022

How much a month should I spend on car insurance? ›

Car insurance in California costs $60 per month or $717 per year for minimum coverage, on average. The cheapest car insurance companies in California are Geico, USAA, and Wawanesa, and getting quotes from several companies can help you find the best deal.

How long should you keep full coverage on a car? ›

Full coverage car insurance is likely to be a poor investment for vehicles that are more than 10 years old. After this period, the annual cost of insurance represents 46% of the value of older-model vehicles.

Is Minnesota a stand your ground state? ›

Minnesota does not have a stand your ground law. The state supreme court has held that an individual does not have a duty to retreat before resorting to deadly force outside the home.

Who pays for car damage in a no-fault state Minnesota? ›

Minnesota is a "no-fault" car insurance state, which means your own car insurance pays for certain losses after an accident, no matter who caused the crash. Your options for pursuing a claim against anyone else are limited when you're injured in a car accident, unless your injuries meet a certain threshold.

When did MN become a no-fault state? ›

Minnesota's no-fault automobile insurance law became effective on January 1, 1975. About half of the states have enacted a no-fault law since 1970 and each is somewhat different from the others.

Can I drive a car home after buying it without insurance? ›

It is a legal requirement that you are insured to drive your new car at any time, even just to bring it home. If your new vehicle isn't properly insured when you want to drive it away, you could find yourself facing unlimited fines, points on your license and even having your car confiscated.

Do you have to insure a car as soon as you buy it? ›

There's no "grace period" when it comes to car insurance. Unless your car is "off-road" (more on that later), you need to be covered. It's just not worth the risk.

Can I return a car I just bought in Minnesota? ›

If the dealer gives you a refund, you must return the vehicle to the dealer. The refund must include all the charges , fees, and taxes you paid, including towing expenses, minus a reasonable deduction for your use of the vehicle.

What is the minimum auto coverage in MN? ›

Minnesota requires the following minimum coverages on your car insurance: Bodily injury liability: $30,000 per person and $60,000 per accident. Property damage liability: $10,000. Personal injury protection (PIP): $40,000.

Who is not eligible for MNsure? ›

To be eligible to enroll in coverage through MNsure you must: Be a resident of Minnesota. Be a U.S. citizen or national, or be lawfully present. Not be incarcerated.

Who normally has the cheapest car insurance? ›

The cheapest car insurance company overall: State Farm

State Farm is the cheapest major auto insurance company in the nation for good drivers, according to NerdWallet's 2023 analysis of minimum coverage rates.

How can I spend less money on insurance? ›

Listed below are other things you can do to lower your insurance costs.
  1. Shop around. ...
  2. Before you buy a car, compare insurance costs. ...
  3. Ask for higher deductibles. ...
  4. Reduce coverage on older cars. ...
  5. Buy your homeowners and auto coverage from the same insurer. ...
  6. Maintain a good credit record. ...
  7. Take advantage of low mileage discounts.

What are 4 things that can affect your insurance rates and costs? ›

Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age, anti-theft features in your car and your driving record.

What makes a car more expensive to insure? ›

The car you drive – The cost of your car is a major factor in the cost to insure it. Other variables include the likelihood of theft, the cost of repairs, its engine size and the overall safety record of the car. Automobiles with high quality safety equipment might qualify for premium discounts.

What increases your car insurance? ›

Auto accidents and traffic violations are common explanations for an insurance rate increasing, but there are other reasons why car insurance premiums go up including an address change, new vehicle, and claims in your zip code.

Is Progressive insurance really cheaper? ›

Is Progressive good car insurance? Progressive's average car insurance premiums are just slightly below the national average. But compared with the other insurers in our list of the Best Car Insurance Companies of 2023, Progressive's average rates are relatively expensive.

What's a good auto insurance score? ›

The higher your insurance score, the better an insurer will rate your level of risk in states where insurance scores are a rating factor. According to Progressive, insurance scores range from 200 to 997, with everything below 500 considered a poor score, and everything from 776 to 997 considered a good score.

What is a good credit score for auto insurance? ›

A good insurance score is roughly 700 or higher, though it differs by company. You can improve your auto insurance score by checking your credit reports for errors, managing credit responsibly, and building a long credit history.

Why is Geico so cheap? ›

Geico is so cheap because it sells insurance directly to consumers and offers a lot of discounts. Direct-to-consumer insurance sales eliminate the cost of middlemen and allow Geico to have significantly fewer local offices and agents than companies like State Farm and Allstate.

Is Geico cheaper than other insurance? ›

State Farm tends to offer cheaper coverage than Geico for most people. However, Geico's rates are more affordable for drivers with poor credit. ValuePenguin's analysis shows that Geico's rates for these drivers are $293 cheaper per year than State Farm's.
State Farm vs. Geico.
CoverageState FarmGeico
Teen driver$376$445
4 more rows
Feb 9, 2023

What is the least amount of auto insurance? ›

The minimum amount of car insurance you'll typically need is state-required liability coverage. This allows you to pay for some, if not all, injuries and damages you're liable for in an accident. The most commonly required liability limits are $25,000/$50,000/$25,000, which mean: $25,000 in bodily injury per person.

Is USAA only for military? ›

Who can join? Our products and services are open to current and former military and their spouses. Children of USAA members can join, too.

Who is cheaper GEICO or Liberty Mutual? ›

A policy from Liberty Mutual costs 30% more than one from Geico, on average. In fact, Liberty Mutual is more expensive than many major insurers — a minimum-coverage policy costs 20% more than the national average.

Is GEICO better than progressive? ›

Geico tends to offer lower rates for most policyholders and has slightly higher customer satisfaction scores. On the other hand, Progressive has great options for high-risk drivers and more widely available usage-based insurance. We recommend comparing rates from both when you shop.

Is GEICO more expensive than Allstate? ›

Geico Is Cheaper for High Coverage

Geico's average rate for a high-coverage policy is lower than the national average and nearly $700 lower than Allstate's average rate.

Who is GEICO's biggest competitor? ›

118 Customers rate GEICO's Pricing Score a 2.5/5, which ranks it 5th against its competitors, below Liberty Mutual Insurance.
  • 1st. USAA. 3.5 / 5.
  • 2nd. Nationwide Insurance. 3 / 5.
  • 3rd. Allstate. 2.8 / 5.
  • 4th. Liberty Mutual Insurance. 2.7 / 5.
  • 5th. GEICO. 2.5 / 5.
  • 6th. State Farm Insurance. 2.4 / 5.

What is the most basic car insurance? ›

While different states mandate different types of insurance and there are several additional options (such as gap insurance) available, most basic auto policies consist of: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive and uninsured/underinsured motorist.

At what age is car insurance cheapest? ›

Experienced drivers are less likely to have accident claims, which means they cost less to insure. At Progressive, the average premium per driver tends to decrease significantly from 19-34 and then stabilize or decrease slightly from 34-75.

What is the most basic car insurance called? ›

Basic car insurance is often known as liability insurance. Requirements vary by state, but basic auto insurance can be broken down into two main types of liability insurance: personal injury and property damage.

What proof do you need to join USAA? ›

Please provide a copy of an acceptable military document and government-issued ID. Examples of acceptable military documents include DD214(long version), Discharge Certificate, Leave & Earnings Statement or military orders if you're actively serving. If you are in a Delayed Entry Program please provide your DD Form 4.

Can a civilian have USAA? ›

Individuals eligible for USAA membership include active, retired, and honorably separated members of the U.S. military; cadets and midshipmen at U.S. service academies; and their eligible family members.

Who is allowed to join USAA? ›

To join USAA, separated military personnel must have received a discharge type of Honorable or General Under Honorable Conditions. Eligible former dependents of USAA members may join USAA. The trademarks, logos and names of other companies, products and services are the property of their respective owners.


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