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Who Has the Cheapest Car Insurance for High Risk Drivers in Minnesota?

Enter your Minnesota zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 13, 2019

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Performance level and cost of the vehicle that needs insurance is one of the largest factors that determines if you can find the cheapest auto insurance for high risk drivers in Minnesota. Vehicles with lower acceleration and performance, a great safety record, or low incidents of liability claims will cost less to insure than high performance models. The next tables illustrates auto insurance premiums for some of the most budget-friendly automobiles to insure in Minnesota.

Insurance Rates for Popular Cars in Minnesota
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Malibu LTZ $3,432 $1,716 $286
Honda Accord EX-L 2-Dr Coupe $3,712 $1,856 $309
Hyundai Elantra SE Touring Station Wagon $2,924 $1,462 $244
Hyundai Sonata SE 4-Dr Sedan $3,680 $1,840 $307
Kia Optima EX $3,712 $1,856 $309
Nissan Altima Hybrid 4-Dr Sedan $3,432 $1,716 $286
Toyota Camry SE $3,400 $1,700 $283
Toyota Corolla XRS $3,432 $1,716 $286
Volkswagen Jetta S 4-Dr Sedan $3,248 $1,624 $271
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Data based on single male driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rates do not factor in Minnesota location which can affect price quotes considerably.

Insurance Rates for Popular SUVs and Crossovers in Minnesota
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Acura RDX Technology Package 2WD $3,108 $1,554 $259
BMW X5 3.0I AWD $3,464 $1,732 $289
Cadillac Escalade Premium Edition 2WD $4,218 $2,109 $352
Chevrolet Traverse LTZ AWD $2,956 $1,478 $246
Ford Escape Limited 4WD $2,924 $1,462 $244
Ford Explorer Limited 2WD $3,280 $1,640 $273
GMC Acadia SL AWD $3,098 $1,549 $258
GMC Terrain SLE 2WD $2,924 $1,462 $244
Honda CR-V EX-L 4WD $2,774 $1,387 $231
Honda Pilot EX 2WD $3,130 $1,565 $261
Jeep Grand Cherokee SRT-8 4WD $3,432 $1,716 $286
Jeep Wrangler Unlimited Sport 4WD 4-Dr $3,486 $1,743 $291
Toyota Highlander Limited 4WD $3,464 $1,732 $289
Toyota RAV4 Limited 2WD $3,248 $1,624 $271
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Premium data assumes single male driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Information does not factor in zip code location which can change premiums substantially.

Insurance Rates for Popular Pickup Trucks in Minnesota
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Colorado LT Crew Cab 4WD $2,924 $1,462 $244
Chevrolet Silverado 2500HD LTZ Crew Cab 2WD $3,894 $1,947 $325
Chevrolet Silverado LS Crew Cab 4WD $3,432 $1,716 $286
Dodge Ram Quad Cab ST 4WD $3,560 $1,780 $297
Ford F-150 XLT Regular Cab 2WD $3,064 $1,532 $255
GMC Sierra 2500HD SLE Crew Cab 4WD $3,432 $1,716 $286
GMC Sierra 3500HD SLE Regular Cab 4WD $4,152 $2,076 $346
GMC Sierra Denali Crew Cab 2WD $3,614 $1,807 $301
Toyota Tacoma Double Cab 4WD $3,280 $1,640 $273
Toyota Tundra SR/5 Crew Max 2WD $3,528 $1,764 $294
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Data based on single male driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can modify rates significantly.

One of the key criteria that establish rate quotes is where you normally keep your vehicle in Minnesota. Areas with more people like Maplewood, Saint Paul, and Coon Rapids will most likely have higher rates, whereas areas that are not as densely populated have the luxury of the cheapest auto insurance for high risk drivers in Minnesota.

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The information below sorts the most costly cities in Minnesota for high risk drivers to buy auto insurance in.

Minnesota cities ranked by car insurance cost
Rank City Annual Rate
1 Maplewood $2,066
2 Minneapolis $2,058
3 Saint Paul $2,009
4 Brooklyn Park $1,816
5 Coon Rapids $1,809
6 Blaine $1,784
7 Duluth $1,777
8 Richfield $1,760
9 Bloomington $1,756
10 Saint Louis Park $1,754
11 Woodbury $1,731
12 Edina $1,725
13 Lakeville $1,717
14 Plymouth $1,714
15 Shakopee $1,710
16 Burnsville $1,709
17 Minnetonka $1,706
18 Maple Grove $1,690
19 Eden Prairie $1,672
20 Eagan $1,661
21 Saint Cloud $1,652
22 Apple Valley $1,631
23 Rochester $1,575
24 Moorhead $1,504
25 Mankato $1,474
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Prices are approximated as the specific garaging location can increase or decrease prices considerably.

Minnesota insurance companies ranked

Ending up with the best car insurance company is hard considering how many companies there are in Minnesota. The rank data displayed below may help you analyze which auto insurance companies to look at comparing prices from. The ratings below are only made up of the largest companies in the United States, so companies with more of a regional focus are not taken into consideration for the list.

Minnesota Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
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Data Source: Insure.com Best Car Insurance Companies

The chart below shows how different deductible levels can increase or decrease insurance costs when quoting cheap insurance for high risk drivers. The rate quotes are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

A 40-year-old driver could reduce rates by $340 a year by changing from a $100 deductible up to a $500 deductible, or save $512 by choosing a $1,000 deductible. Youthful drivers, like the age 20 example, could drop their prices as much as $874 or even more just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it is essential to have enough spare savings to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Comparison of full coverage and liability-only policies

Finding the cheapest auto insurance for high risk drivers in Minnesota is the goal of most vehicle owners, and one of the easiest ways to buy cheap insurance is to buy liability only. The example below illustrates the comparison of insurance costs when comparing full coverage to liability only. The premiums are based on no accidents, no driving violations, $1,000 deductibles, single status, and no additional discounts are factored in.

Averaged for all ages 20 through 70, full coverage on your policy costs $1,778 per year more than just buying liability only. At some point, almost every driver questions if buying full coverage is worth the expense. There isn’t a steadfast formula to delete comp and collision coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

There are some cases where buying only liability insurance is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

How to find low-cost insurance for high risk drivers

The list below details many penny-pinching solutions that can help drivers find cheap car insurance.

  • Higher credit ratings may save you money
  • Do not get tickets or violations
  • Higher comprehensive and collision coverage deductibles will save money
  • Avoid having at-fault accidents
  • Assess whether full coverage is needed
  • Drive a car with a high safety rating
  • Comparison shop at least once a year

That final tip is highly crucial, as we hit on in this write-up. Prices charged by companies can change in a short period of time, so drivers shouldn’t be reluctant to buy from a new company if a cheaper rate is available.

Staying with the same car insurance company is fine, but it’s not a good idea if that loyalty results in overpaying big bucks every year. If you have a few minutes, now is a great time to compare rates and find cheaper car insurance for high risk drivers.

Who has the cheapest insurance quotes for high risk drivers?

There are many ways to shop around for insurance in Minnesota, but the three most common methods are using an exclusive insurance agency such as Allstate or Auto-Owners, an independent or non-exclusive agent, or buying direct from a company like Progressive or Geico.

Each way has the same basic steps, but they differ slightly in how they function.

Independent agencies work for many companies and can quote your policy with each one. Independent agents are not required to write business for one company and can give you more rates, which may provide you with a better comparison. If a cheaper rate is found, your policy is moved internally without you having to go to a different agency.

Exclusive agents are restricted to one company, for example an Allstate or State Farm agent. These agents normally cannot provide a range of price quotes, so if finding the cheapest coverage is your goal, you will need to shop around.

The last way is buying direct, which means you skip local agents and instead buy direct from companies such as Geico or Progressive. This insurance option can be a good choice for families who do not have a lot of assets and understand what insurance covers.

So comparing independent agents, exclusive agents, and direct, which one works best for finding the cheapest auto insurance for high risk drivers in Minnesota? Our initial answer would be buying from a direct car insurance company saves money because there is no agent involved, but unfortunately, it’s not that cut and dried. It would also be easy to say an independent agency guarantees the lowest rates due to more options, but that assumption is also not accurate. In many cases, exclusive agents may have very competitive prices that other insurance companies cannot touch.

Because there is so much variation in insurance prices, really the best method to buy the cheapest policy is to compare lots of quotes. Make the effort to get price quotes from all three to have a good selection of rates to choose from. For a list of companies offering online discounts in Minnesota, click here to view.

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