Discover How to Find the Best Price on Eden Prairie Minnesota Auto Insurance

Nobody likes having to buy auto insurance, particularly when they are paying too much.

Multiple insurance companies compete for your insurance dollar, so it’s not easy to compare every insurer to discover the definitive best rates possible.

It’s a good habit to do rate comparisons on a regular basis due to the fact that insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the lowest rates on your last policy you can probably find a lower rate today. Starting right now, block out anything you think you know about auto insurance because you’re about to learn the tricks you need to know to find lower rates on auto insurance.

Verify you’re getting all your discounts

Auto insurance companies do not advertise all available discounts in an easy-to-find place, so we break down some of the more common and the more hidden ways to save on auto insurance.

  • Drive Safe and Save – Drivers who don’t get into accidents can pay as much as 50% less than their less cautious counterparts.
  • Good Student – This discount can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • E-sign – A handful of insurance companies will give a small break for buying a policy and signing up on their website.
  • New Vehicle Savings – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for new cars.
  • Defensive Driver – Taking a defensive driving course could save 5% or more if your company offers it.
  • Accident Forgiveness – Certain companies will forgive one accident before your rates go up as long as you don’t have any claims for a set time period.

It’s important to understand that most of the big mark downs will not be given to the entire policy premium. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think all those discounts means the company will pay you, you’re out of luck.

For a list of insurance companies with the best auto insurance discounts in Eden Prairie, follow this link.

Comprehensive Eden Prairie Auto Insurance Comparison Quotes

Comparing auto insurance rates can be a daunting task if you don’t know the most efficient way to do it. You can spend your afternoon talking about coverages with local insurance agents in Eden Prairie, or you can utilize online quoting to get rates in a matter of minutes.

Most major companies belong to an insurance system that allows shoppers to send in one quote, and each participating company returns a rated price for coverage. This system prevents you from having to do quote forms for every auto insurance company.

To get comparison pricing now click to open in new window.Eden Prairie MN car insurance

The one downside to getting quotes like this is that consumers can’t choose which carriers you will receive quotes from. So if you want to select specific insurance companies to compare rates, we have a listing of low cost auto insurance companies in Minnesota. Click to view list.

Which method you use is up to you, but make darn sure you compare the exact same coverage limits on every quote you get. If you are comparing mixed coverages it will be impossible to find the best deal in Eden Prairie. Just a small difference in insurance coverages can result in a big premium difference. And when comparing auto insurance rates, know that comparing more company’s prices helps locate better pricing.

How insurance companies determine rates

Consumers need to have an understanding of some of the elements that play a part in calculating auto insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that can help you get big savings.

  • Save money with special equipment – Purchasing a vehicle with an alarm system can save you a little every year. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Older drivers pay less – Older insureds are viewed as being more responsible, statistically cause fewer accidents and receive fewer citations. Teen drivers are known to get distracted easily when behind the wheel therefore auto insurance rates are much higher.
  • Drive a safer car and pay less – Safer cars tend to have better insurance rates. These vehicles have better occupant injury protection and lower injury rates means less money paid by your insurance company and thus lower rates.
  • Always keep insurance in force – Driving with no insurance can get your license suspended and you will pay a penalty because you let your coverage have a gap. Not only will you pay more, getting caught without coverage can result in a license revocation or jail time.
  • Having a spouse can save you money – Having a spouse helps lower the price on your policy. Having a significant other usually means you are more responsible and it’s proven that married drivers get in fewer accidents.
  • Liability coverage is peace of mind – Your policy’s liability coverage is the protection if ever a jury decides you are liable for damages caused by your negligence. It provides legal defense which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • Higher deductibles cost less – Deductibles for physical damage define the amount you are required to spend out-of-pocket before a claim is paid by your company. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply could be running into the backend of another car, vandalism, and burglary. The more expense you are required to pay out-of-pocket, the bigger discount you will receive.
  • Are you male or female? – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean women are better drivers. Both sexes tend to get into accidents at about the same rate, but the men have costlier accidents. Men also statistically get more serious tickets like reckless driving and DUI. Young males tend to get in the most accidents and therefore have the most expensive auto insurance rates.

Which insurance is the “right” coverage?

When choosing the best auto insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions may help you determine if your insurance needs could use an agent’s help.

  • Is my teen driver covered when they drive my company car?
  • Does coverage extend to a rental car in a foreign country?
  • Should I rate my vehicle as pleasure use or commute?
  • Do I benefit by insuring my home with the same company?
  • Am I covered by my spouse’s policy after a separation?
  • Does my medical payments coverage pay my health insurance deductible?
  • What if I total my vehicle and owe more than it’s worth?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

But I want to work with a local agent

Some consumers would rather talk to a local agent. The biggest benefit of price shopping on the web is the fact that you can find lower rates but also keep your business local.

By using this quick form, the coverage information is immediately sent to local insurance agents who will battle for your insurance coverage. You never need to leave your house due to the fact that quote results will go to your email. It doesn’t get any easier! It’s the lowest rates AND a local agent.

Choosing an provider should depend on more than just the price. Agents should be asked these questions:

  • Are they properly licensed to sell insurance in Minnesota?
  • Do they carry Errors and Omissions coverage?
  • Does the company allow you to choose your own collision repair facility?
  • What are the financial ratings for the companies they represent?
  • Do they have any clout with companies to ensure a fair claim settlement?
  • Which insurance companies are they affiliated with?

The following are Eden Prairie insurers that can give you price quote information.

lower rates in Eden Prairie MN

Farm Bureau Insurance – 11800 Singletree Ln # 201, Eden Prairie, MN 55344 – (952) 828-9790
Petkoff Insurance Inc – 13995 Anderson Lakes Pkwy, Eden Prairie, MN 55344 – (952) 949-0194
State Farm Insurance – 15750 Venture Ln, Eden Prairie, MN 55344 – (952) 941-5850
American Family Insurance – 7525 Mitchell Rd # 216, Eden Prairie, MN 55344 – (952) 934-8985
Allstate Insurance – 8977 Aztec Dr, Eden Prairie, MN 55347 – (952) 942-8209
Farmers Insurance Group – 6409 City West Pkwy # 101, Eden Prairie, MN 55344 – (952) 944-6400
Kehrwald Agency – 7525 Mitchell Rd # 215, Eden Prairie, MN 55344 – (952) 949-3566

Once you have reasonable responses to all your questions and a low price estimate, you have narrowed it down to an insurance company that is a good match to properly service your auto insurance policy.

A tidy conclusion

When trying to cut insurance costs, make sure you don’t sacrifice coverage to reduce premiums. Too many times, an insured dropped physical damage coverage and found out when filing a claim that it was a big mistake. Your goal should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

Cheap auto insurance can be sourced from both online companies and also from your neighborhood Eden Prairie agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers may not provide you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

You just learned many tips how you can get a better price on auto insurance. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even discover the biggest savings come from some of the smallest insurance companies. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate and Progressive.

Learn more today

Even more information can be found at the Minnesota Department of Commerce website. Minnesota drivers can file complaints about an insurance agent or broker, view a list of available companies, and read enforcement actions against agents and companies.