What is your priority when buying or renewing your car insurance? These priorities influence the characteristics of your preferred company, your insurance budget, the amount of coverage you need based on your personal circumstances.
Insurance companies are interested in your driving habits, and so you have to examine where, when, and how you drive before purchasing your insurance policy. It’s important to assess them beforehand because Woodbury car insurance companies will ask you about your driving record when calculating your premiums. They look at your driving history to tell whether you’re a high or low-risk driver.
Further, knowing your risk level helps you purchase the right insurance policy for your personal profile. For instance, young or senior drivers are a greater liability, and so they pay more premium. Drivers with an at-fault auto accident can take advantage of an accident forgiveness policy which the best car insurance companies Woodbury MN offers to lower their insurance premiums. Continue reading this guide for more insight.
The Best Cheapest Car Insurance Companies In Woodbury MN
It’s possible to get cheap car insurance in Woodbury, MD, when you don’t have an at-fault accident or traffic violations in your driving record in recent years. Another factor that can help you access cheaper car insurance rates is a good credit score.
A driver should shop around and compare rates with multiple Woodbury auto insurance companies. They can get full coverage that comprises state-required coverage, collision, and comprehensive coverage at an affordable rate.
Here are the top insurance companies in Woodbury, MN offering the cheapest auto insurance rates to different drivers.
Average Cost oOf Car Insurance In Woodbury MN
Although Minnesota has many insurance companies, it’s the 39th cheapest state in the US. Drivers pay slightly lower in this state than the rest of the country, but residents of Woodbury pay a higher premium than the state average.
- The national average annual auto insurance cost is $1,372
- Minnesota average annual auto insurance cost is $1,239
- Woodbury average annual auto insurance cost is $1,691
Woodbury Auto Insurance Requirements
Vehicle owners must have state minimum liability insurance to drive in the Woodbury, Minnesota area. It’s also important to renew it even when storing your car. The following are the minimum amounts for this mandatory auto insurance policy.
- $40,000 per person per no-fault accident/PIP coverage ($20,000 covers medical expenses while $20,000 pays for non-medical costs such as replacement services and lost income).
- $30,000 liability coverage for bodily injuries per person (when you’re the at-fault driver or another covered under your policy).
- $60,000 liability coverage for bodily injuries per accident (when more than one person is injured in an accident where you’re the at-fault driver or another driver covered under your policy).
- $10,000 liability coverage for property damage per accident (when you’re the at-fault driver or another driver covered under your policy) .
- $25,000 in uninsured motorist coverage for injuries per person.
- $50,000 in uninsured motorist coverage for injuries per accident (when more than one person is injured).
- $25,000 in underinsured motorist coverage for injuries per person.
- $50,000 in underinsured motorist coverage for injuries per accident (when more than one person is injured).
It’s advisable to purchase a liability insurance policy with a high coverage limit because in the event you’re involved in a costly at-fault accident, the losses incurred by the other drivers and passengers can exhaust your policy limits, and you will be required to pay the extra amount out of pocket.
Therefore it’s important to shop around for cheap auto insurance Woodbury MN companies so that you can purchase a liability policy with higher limits at an affordable rate.
How To Get Cheap Car Insurance Quotes In Woodbury MN?
Drivers with a clean driving history can easily get cheap auto insurance in Woodbury, MN, because they have a low-risk profile.
Also, drivers without speeding tickets, DUIs, and crashes can easily access discounts from the best auto insurance companies in Woodbury, MN, which can reduce their insurance cost further.
Here are additional tips for reducing your insurance premiums.
Maintain a Clean Driving Record for Several Consecutive Years
A courteous driver avoids traffic infraction citations, car accidents and doesn’t drive under the influence of drugs and alcohol. More so, a safe driver observes speed limits and avoids distractions when driving and so they don’t get speeding or distracted driving tickets.
Good drivers maintain their vehicles in good condition to minimize the chances of causing an auto accident. They also don’t speed a lot of their time behind the wheel, and as a result, they have less likelihood of speeding, crashing, or committing other traffic offenses.
The best auto insurance companies in Woodbury, MN, are interested in drivers that have maintained a clean driving record for several consecutive years.
Increase Your Deductibles
The higher the deductible, the lower the auto insurance premium. A deductible is an amount that you pay out of pocket when filing a claim after an accident. Deductibles range from $250 to $1,000, and increasing this amount is likely to lower your insurance cost by certain percentage points.
Alternatively, you can pay minor claims out of pocket instead of filing. This will keep your insurance premium low.
Consider Switching Auto Insurance Providers
Some of the important factors that insurance companies consider when calculating your premiums are:
- Marital status
- Credit score
- Driving history
- Year, model, and make of your car
Each company uses a different approach when calculating insurance premiums, and that is why the figures vary from one company to another.
For that reason, it’s advisable to shop around, compare rates, and then renew your policy with the best auto insurance company Woodbury MN with affordable prices.
Ask about Discounts
Woodbury auto insurance companies offer different discounts that you can use to lower your annual insurance budget. However, no matter how long this list is, remember to evaluate rates from multiple insurers. The following are some of the discounts you can find in the market:
- Bundling your auto insurance policy with a homeowner policy
- Insure more than one vehicle with the same insurance policy
- Maintain a clean driving record
- Pay for your annual or six-month premium in lumpsum
- Install anti-theft and other safety features
- Accept to receive your documents online
- Join a professional organization or affiliate group
Purchase a Vehicle that is Cheap to Insure
The year, make, and model of your vehicle are some of the key factors insurers use when calculating your premium. Since some cars have a higher likelihood of getting into an accident or being stolen, insurance companies set their premium higher. Therefore, switching from such a vehicle to one with lower risk can help to reduce your insurance premium. For instance, you can opt for a car with less horsepower in order to minimize the risk of engaging in speed-related collisions or getting a speeding ticket which is likely to increase your premiums.
Opt for Less Car Insurance Coverage
Are you planning to store your car or drive less? If so, this option is applicable only when you’re planning to store your vehicle or when you adopt usage-based car insurance. Otherwise, lowering your car insurance coverage will leave you with overwhelming debts in the event of getting involved in a serious car crash.
However, if you’re not lowering your insurance coverage because of the two reasons and you don’t have a lot of money to pay for extra losses out of pocket when you get into an at-fault accident that can exhaust your limits, then you should consider increasing your liability insurance limits and add underinsured motorist coverage, uninsured motorist coverage, collision coverage, and comprehensive coverage. The enhanced policy from one of the Woodbury auto insurance companies will protect your finances and assets when you get into an expensive at-fault auto accident.
Woodbury MN Car Insurance For Drivers With A Good Record
The best auto insurance companies Woodbury MN, reward courteous and careful drivers with lower premiums. These drivers are lower risk and have a driving history without auto accidents, speeding, and distracted tickets, as well as no DUI convictions.
The following are three insurance policies available for a driver with a good record.
State minimum insurance: This is the state minimum insurance coverage you need to drive on Minnesota road. It has lower coverage limits hence cheaper premiums.
Standard coverage: The basic insurance coverage covers the bodily injury and property damage expenses resulting from an auto accident. Generally, this policy cover’s the other driver, passengers, and pedestrians but not the policyholder.
Full coverage: The coverage offers additional protection because it comprises collision and comprehensive insurance. The collision insurance covers damages resulting from an actual car collision. Comprehensive coverage takes care of any other damages aside from collision with another vehicle. This includes damages caused by tornadoes, fire, vandalism, animals, riots, and more.
The following are the best car insurance companies in Woodbury, MN, offering a full coverage insurance policy to drivers with a good record.
|Insurance Company||Full Coverage|
Woodbury MN Cheap Car Insurance Quotes For Young Drivers
On average, a driver in the Woodbury, MN area pays $2,561 per annum, which is 141% higher than older ones. Although these rates drop as they gain more driving experience, young drivers can use the following tips to lower their insurance premiums.
- Drive safely
- Take a defensive driving course
- Drive less
- Downsize their vehicle
- Increase their deductible
- Install anti-theft devices
- Shop around and compare rates
State Farm offers young drivers affordable car insurance quotes in Woodbury, MN, for both minimum and full coverage policies.
Here are cheap car insurance Woodbury MN companies for young drivers.
Cheapest Minimum Coverage For Young Good Drivers In Woodbury MN
Young drivers pay more premiums than other age groups because insurance companies see them as a greater liability. The fact that they have little driving experience and are more likely to be distracted when driving causes them to pay more.
However, their rates drop as they gain more experience on the road, and they can access more discounts when they drive safely. So young drivers should shop around and ask for discounts because they can lower their insurance costs.
The following table shows what the best auto insurance companies Woodbury MN offer young drivers looking for minimum coverage.
Cheap Car Insurance In Woodbury MN After A Speeding Ticket
Today, it’s very easy to get a distracted driving ticket because many things are fighting for your attention. Also, the love for higher mph can get you a speeding ticket. Insurance companies consider these tickets as indicators of a higher risk, so they will charge you more for being irresponsible when driving.
On average, drivers with speeding ticket in the Minnesota area pays $1,582 compared to the $1,174 that a driver without a ticket pays in a year.
It’s advisable to shop around and compare rates when you get a speeding ticket because you can get affordable car insurance quotes in Woodbury, MN, such as USAA, which charges $962 per annum and $1,157 from State Farm.
The following table shows cheap car insurance Woodbury MN companies for drivers with a speeding ticket.
Cheap Car Insurance In Woodbury MN After A Car Accident
Safe driving is the most effective way of lowering your insurance cost. Getting an at-fault accident, however minor the effects were, can increase your premium rates exclusively.
However, you can avoid paying higher insurance premiums by paying for accident forgiveness or shopping around for better rates.
The following table shows that State Farm is one of the best car insurance companies in Woodbury, MN, for drivers with an at-fault car accident on their record because it charges them 54% less than the statewide average.
Cheap Auto Insurance Quotes In Woodbury MN After A DUI
A DUI tag negatively affects your credit score, making it hard to access loans and insurance policies at a better rate. Actually, your insurer can double your insurance premium rates or cancel your policy when you get a DUI or DWI citation because you now become a greater liability.
In the Woodbury, MN area, drivers with a DUI tag pays on average 78% more than drivers with a clean driving record.
However, you can get cheap auto insurance from Woodbury, MN company when you shop around. Based on the following table, State Farm offers the cheapest quotes for policyholders with a past DUI tag.
Cheap Auto Insurance Quotes In Woodbury MN For Minimum Coverage
Minimum coverage basically provides the state law’s minimum requirements that you need to drive in Minnesota. It has low coverage limits, doesn’t include collision and comprehensive insurance coverage, and so it’s cheap.
It’s not advisable to just purchase a minimum coverage because a serious auto accident can leave you with overwhelming debts because this policy offers insufficient protection.
On average, Woodbury auto insurance companies charge $87 per month or $1,043 per annum for a minimum coverage policy.
You can still get lower rates when you shop around and compare rates with several insurance providers. For instance, State Farm charges $462 per annum while USAA charges $389 per year. USAA is not included in the following table because the insurer only covers current and former military members and their families.
Cheap Car Insurance Companies In Woodbury MN For Drivers With Bad Credit Score
Woodbury car insurance considers your credit score when calculating your insurance premiums. The average credit score in Minnesota is 733, and a driver with 700 and higher can get cheaper insurance rates in Woodbury.
Based on the following table, State Farm charges $1,658 per annum while Geico charges $1,782 annually.
This shows drivers with bad credit scores can still find affordable car insurance quotes in Woodbury, MN when they shop around. They can also request personalized quotes from multiple companies even as they work towards improving their credit score.
Cheapest Car Insurance Companies In Woodbury MN For Seniors
Drivers aged 65 and above pay more premiums in the Minnesota area than younger ones because insurance companies consider them a great liability.
In 2018, the Minnesota Office of Traffic Safety reported that 20.4% of the state’s drivers are 65 years and above. This group is also responsible for 22.1% of all fatal Minnesota crashes that were reported in 2017. These auto accidents are caused by their declining physical and mental health facilities.
For that reason, a senior driver on average pays $1,257 per year, while an average driver is charged $1,163 per annum.
Based on the following table, American Family charges seniors $891 per year, and State Farm charges $1,187 per year for full coverage for senior drivers.
That means seniors can get cheap auto insurance from Woodbury MN companies when they shop around and compare rates when preparing to renew their policy.
Who Offers A Cheap Car Insurance In Woodbury MN For Married Couples?
In the Minnesota area, married couples pay more than single drivers. On average, a couple pays $150 per month compared to $125 that single drivers pay per month.
Woodbury car insurance charges this category a higher premium because they are likely to have more than one driver in the insurance policy, teen drivers, and more than one vehicle.
The table below shows affordable car insurance quotes in Woodbury, MN, for married couples. On average, Farmers Insurance Group is the cheapest car insurer for a married with two cars on the same policy.
|Company||Married Couple Rates|
|Farmers Insurance Group||$1,892|
What Are The Different Types Of Woodbury Auto Insurance Coverage?
Besides knowing you can find cheap car insurance in Woodbury, MN companies for certain situations, it’s also important to understand different insurance coverage in the market, what they cover and how they work. The insight will help you purchase the right policy for your needs.
Uninsured Motorist Insurance
This insurance policy covers the injuries and property damages stemming from an auto accident where the at-fault driver does not have insurance coverage. While it’s a crime to drive without auto insurance, it’s possible to be hit by an irresponsible driver.
Major Parts Replacement Coverage
It allows you to replace major parts of your car after an accident irrespective of their wear and tear condition or depreciation value. These parts include tires, brakes, and batteries.
This is an add-on insurance policy covering the difference between the actual cash value and the loan amount when your car is stolen or totaled.
It’s an important coverage when driving a financed or rental car because the payout you received from your insurer after an accident may be extremely low than the loan amount, thus leaving you with a huge difference that you have to pay out of pocket.
Rental Reimbursement Insurance
The add-on insurance coverage helps you move while your vehicle is being repaired after an accident. That means the insurance pays for a rental car or refunds you the amount you spend on public transportation as you wait for your car to get back on the road. The coverage will pay for these costs even if you’re the at-fault driver.
Medical Payments Coverage
Medical bills can be expensive, particularly those stemming from a costly auto accident. Unlike a traditional health insurance policy, MedPay covers most accident-related medical expenses for you, the policyholder, your family member driving the car at the time of the accident as well as passengers in the vehicle.
Personal Injury Protection Insurance
The coverage pays costs such as medical bills, lost wages, replacement services like house cleaning and childcare, funeral costs as well as death benefits. The policyholder will get these benefits irrespective of who was at fault, but they will have to pay the deductible out of pocket when receiving them.
Classic Car Insurance
You can’t cover an antique or classic car using a standard liability insurance coverage because it pays actual cash value, which is lower due to deprecation; thus, it doesn’t cover the total value of such a car. Classic cars comprise luxury or exotic vehicles, hot rods, vintage military vehicles, and muscle cars.
Antique cars are aged between 25 and 30 years. In the event of an accident, the insurer pays the amount they agreed with the vehicle owner but not the actual cash value.
New Car Replacement
The add-on car coverage pays the owner of a totaled or stolen car with a brand new vehicle of a similar make and model minus the deductible. This insurance policy doesn’t use the depreciated value commonly used in a standard liability policy.
The new car replacement is only available when you pay for collision and comprehensive insurance coverage. Also, your vehicle must meet specific requirements in terms of age and mileage.
Original Parts Replacement
This coverage allows you to repair your car with original parts that are manufactured by your car maker but not reconditioned or aftermarket parts. However, comparable parts can be used when the original manufacturer’s parts are no longer in production.
Towing and Labor Insurance
The coverage protects you against roadside breakdowns like dead batteries, flat tires, and lockout. Therefore your insurer pays for towing your vehicle to the nearest mechanic and the labor cost at the breakdown scene.
The towing and labor insurance must be coupled with comprehensive and collision insurance coverage.
You must have auto insurance before driving in any state in the US. Liability is the minimum insurance coverage that you need to comply with, and it covers the bodily injuries and damaged property stemming from an auto accident that you caused. This policy protects other drivers, passengers, and pedestrians as well as their damaged properties and not the policyholder.
The coverage pays for damages arising from a collision or when you hit a fence, a tree, or lamppost when driving. Any other damages are covered under comprehensive coverage.
Further, it’s a requirement to have collision and comprehensive insurance coverage when your car is financed or leased.
Underinsured Motorist Insurance
An underinsured motorist is a driver with insufficient insurance coverage, which results from purchasing a liability policy with low limits, possibly the state minimum liability policy. Since the at-fault driver’s insurance coverage pays up to the policy limit, the underinsured motorist insurance covers the difference or the extra amounts.
The insurance covers you when your vehicle breaks down because of issues such as when it runs out of gas, a flat tire, or the battery needs a jump. Based on the magnitude of the issue, the insurer can send a technician to the breakdown scene and try to repair the car or send a tow truck to move your vehicle to a repair shop.
This is an optional type of coverage that pays for damages that arise from sources other than collisions. These are damages like vandalism, fire, theft, earthquakes, riots, trees, animals, explosions, and more.
Collision coverage is different from comprehensive in that it only pays for damages that occur when driving your cars, such as hitting a tree, fence, or another vehicle. However, when you swerve and hit a deer or the animal damages your windscreen, then comprehensive insurance takes care of such costs.
Is Woodbury MN Auto Insurance A No-Fault?
Minnesota is a state that follows the no-fault system in an auto accident. With the no-fault system, each driver turns to their own insurance coverage or personal injury protection (PIP) in the event of an auto accident. This coverage covers the policyholder’s medical treatment expenses and any other non-medical out-of-pocket costs regardless of who is at fault and up to the policy limits.
The PIP coverage applies to:
- The policyholder (You)
- The family, i.e., the spouse and children
- A relative living with you and has no separate car insurance policy
- Any other authorized driver and without a separate car insurance policy
The PIP coverage covers:
- Medical expenses
- Lost wages or income
- Replacement services such as child care, housecleaning
- Funeral expenses of up to $2,000 as a result of an auto accident that leads to the death of a covered person.
Pip/no-fault claim does compensate for non-monetary damages like pain and suffering arising from the auto accident.
A claimant can step outside of the no-fault system and proceed with a third-party insurance lawsuit or claim against the driver responsible for the accident. This is only possible when:
- Your medical expenses as a result of the injuries sustained in an auto accident are at least $4,000 and/or
- You became disabled, permanently injured, or permanently disfigured for at least 60 days because of the injuries sustained in an auto accident.
These two conditions can help you get compensation for non-economic losses such as pain and suffering. Still, even when you meet either or both of the two thresholds, your liability claim against the at-fault driver can only take care of the amounts that PIP coverage doesn’t cover.
You can still pursue the at-fault driver by filing a third-party car insurance claim and, worse still, file a personal injury lawsuit. This will help you claim compensation for non-economic damages that you couldn’t get in the no-fault claim.
Further, the no-fault car insurance system used in Minnesota applies only to injuries sustained due to car accidents. It doesn’t apply to vehicle damage claims. The car-damage type of claim can be made against the at-fault driver without any limitations. Also, motorcyclist’s injuries that arise from an accident can’t apply the No-fault/PIP.
The no-fault/PIP claim should be filed within six months, and according to the Minnesota Department of Commerce, your claim should be accompanied by a filled application for benefits, proof of expenses, and the injured person should submit a medical examination in the event it’s needed. Further, the injured person should submit their bills to the insurance company when they receive them.
Ways To Reduced Rates In Woodbury MN Car Insurance
Every driver wants to have the best auto insurance coverage at a low price and form the best car insurance companies in Woodbury, MN. Fortunately, you can get such coverage without sacrificing the quality using the following tips:
- Bundling your auto insurance with the homeowner and other policies
- Raising your deductibles
- Paying your entire insurance premium at once
- Driving less
- Monitoring how your annum premium is changing
- Shopping around for better rates
Good Drivers Car Insurance Discounts In Woodbury MN
Woodbury car insurance companies have a long list of good driver discounts. A driver without traffic violations is considered a good driver, so it pays to be a safe or responsible driver in Woodbury, MN. Here are the discounts you will get for being a good driver, and they can substantially reduce your auto insurance cost.
- Alternative fuel
- Anti-lock brake
- Anti-theft device
- Claims free
- Defensive driver
- Distant student
- Good student
- Multiple lines
- Passive restraint
- Teen driver
- Vehicle safety
Car Insurance Woodbury MN Questions And Answers
How do auto insurance companies determine quotes?
Insurance companies have a team of experts whose work is to analyze statistical data and feed it into complex algorithms, which provides the probability of drivers getting involved in auto accidents.
Based on your profile information, the insurer now compares your details with their statistics, calculates your likelihood of engaging in a car accident, and how much it would cost them. This is important because it’s your insurance company that absorbs the loss stemming from your at-fault car accident.
So the insurance company is interested in your age, credit score, marital status, type of car, driving history, which comprises the number of at-fault accidents, DUI convictions and speeding tickets citations, and other traffic violations.
Will my auto insurance policy cover me in a rental vehicle?
Yes. It will cover you as long as the two are of similar value. Also, it’s important to purchase both collision and comprehensive insurance coverage if you don’t have these add-ons in your policy and intend to use a rental car in the future.
Why does occupation affect car insurance?
Insurance companies consider your occupation when calculating your insurance premiums because you are more likely to file a claim after a crash when using your car for work purposes.
Still, insurance providers consider some occupations riskier than others. That is why a rally driver pays more premium than a retiree.
How do insurance companies assess my risk?
Insurers use the Risk Assessment Indicator to assess drivers’ risk. The numerical score relies on your credit information and highly predicts your future claim activities. So the insurance company will calculate your auto premiums based on this score.
How to Reinstate Cancelled Auto Insurance?
Reinstating canceled auto insurance refers to reactivating the previously held insurance policy. You could do this by contacting your insurer, who will reactivate it if there was no lapse in the coverage.
On the other hand, your insurance premiums will increase if there was a lapse. It will also be a challenge to reinstate a policy that has been inactive for more than 30 days.
It’s advisable to shop around for an affordable insurance rate even as you contemplate reinstating a canceled one.
Is Auto insurance mandatory in Woodbury?
Yes. It’s a requirement to have auto insurance in all states across the US. However, the insurance carrying laws vary from one state to the other.
So you must ensure you have the right insurance and can get this information from your state government’s transportation website.
What is the cheapest policy?
The auto liability coverage is the most affordable policy because it has lower limits. Thus it’s most recommended to have a policy with higher coverage because a serious car crash can leave you with overwhelming debts.
Insurance companies offer various discounts to attract new customers or reward good drivers. You can get a discount when you pay the entire or six-month premium in full. Some insurers can also give discounts when you pay your premiums using a credit card because it makes it easier for you to pay the entire amount at once.
You will earn some discounts when you insure more than one vehicle under the same policy or insure different assets with the same insurance company.
So ask about discounts as you compare rates with multiple insurers.
I already have health insurance. Why should I get medical payment coverage on my auto insurance policy?
There are some services that are not covered by traditional health insurance, but that medical payment coverage does. These are emergency transportation bills such as private ambulance providers, massage therapy, acupuncturists, and chiropractors.
There are some doctors that are willing to treat you and wait for your claim to be resolved; however, some are not willing to wait; thus, having medical payment coverage via your auto insurance company can help you to pay for your medical expenses as your personal injury claim is being processed.
What can I do to lower my car insurance costs?
Insurers use factors such as credit score, driving history, marital status, age, the make and model of the car you drive, among others. Still, there are several things you can do to reduce your insurance premium, such as:
- Switch the car you’re driving to one which is not a greater liability to insure
- Be a safe driver
- Install anti-theft and anti-lock brakes
- Choose a higher deductible
- Monitor your coverage and ensure it doesn’t lapse
- Change your driving habits, i.e., avoid driving under the influence
- Drive less
- Shop around