Minneapolis Auto Insurance Guide

This article will help you learn the basics when it comes to buying auto insurance. It will help get you get better coverage and lower prices.

Minneapolis car insurance

Intro: What is Car Insurance?

Auto Insurance is insurance purchased for cars, trucks, motorcycles, and all other land based vehicles. Its primary purpose is to protect you financially against physical damage or bodily injury resulting from accidents like traffic collisions and from the liability that could also arise later on. The specific coverage and terms of vehicle insurance vary with legal regulations from state to state. In some cases, car insurance can include financial protection against theft of you car or even damage to the vehicle that has been sustained from something other than traffic collisions like hail or other weather damage.

Common Types Of Car Insurance:

Liability Coverage: This coverage is used to protect you from liability resulting from accidents you may be liable for or have caused. It’s important to not that most states have minimum liability limits and were set decades ago. These limits may not be enough to protect you and you’re assets. Many insurers use prior liability limits as a rating factor and you could actually get better rates for carrying higher limits and obviously better protection.

Coverage for Your Vehicle:

Collision and comprehensive coverage are optional. However, your auto lender or lease holder may require you to have this coverage until you’ve paid off your vehicle.

Collision coverage helps pay for damages that your car may suffer in an accident.

Comprehensive coverage helps pay if your car is damaged from causes other than a collision. Theft, vandalism, falling objects and hail are commonly covered by this type of coverage as well.

Additional Coverage Options:

In addition to liability, comprehensive and collision coverage, there are other coverage options that can help keep you protected.

Medical payments coverage, for example, can help pay the medical bills you or your passengers incur if you are injured in an accident.

Personal Injury Protection, often called PIP, can also help reimburse you for lost income if you’re unable to work due to an injury that results from a car accident. It may also reimburse you for child care expenses if you’re unable to take care of your children following an injury.

Uninsured and underinsured motorist coverage can help cover your damages caused by someone with limited coverage, or no insurance at all.

Other coverage an auto insurer may offer include towing as well as labor coverage, which helps with the cost of towing your car if it breaks down or gets a flat tire, rental car reimbursement, which can help cover the cost of a rental car while you wait for your covered car repair to be finished, and even sound system coverage for those drivers who install aftermarket stereo equipment in their cars.

Choosing A Car Insurance Company and where to buy:

Choosing the correct coverage is the first step. You must also choose a good car insurance company if you want to maximize the chance that your claims will be paid. Look for the following qualities when choosing your car insurer.

Reasonable and Reputable – Insurance carriers should be reliable and reasonable for the coverage and the prices they charge. Who needs hassle at claim time.  A cheap policy for a good price is not what you need or want. You need and  want the best coverage at the lowest cost.  So, if you ever need it – you have it.  Why pay for anything that falls short and ends up costing you a fortune if you are ever involved in an accident and are short. In some states, there isn’t much difference in price among insurance companies due to state mandates. In most states, however, companies will quote different prices for similar coverage.

Is it better to buy online? – Many online sites just aggregate information and sell it to many agents and insurance companies.  If you buy direct even fro a seemingly reputable company – you become your own agent.  If you make a mistake or need help – you are on your own.  Insurance agents are required to have E&O insurance to protect them and you if a mistake is made.  Why settle for less safety and service? It doesn’t cost you more to have an experienced or good agent either.  It’s all the same.  So, why would you not use a good experienced local independent agent?  Why not an agent who represents many companies – not just one brand. The insurance companies are the only

Miscellaneous Tips: 

Use a local independent agent. They generally have the most experience and represent many companies – not just one.  So, you don’t have to spend all your time shopping and giving your info to who knows.  One thing that most people fail to do is research the agent or company that they purchase insurance from. The better business bureau is one of the best sources to find out if you car insurance company is a reputable organization.  You can also look agents up on many states commerce sites.  Even further, it’s a good idea to check a company’s financial strength (which directly impacts their ability to pay out your claims) through rating services such as A.M. Best. Don’t take advice from uncle cheap skate Charlie or some know it all at someone at work.  Consult an insurance professional.  Most experienced agents will have a designation after their name like AAI, CIC, CPCU.

If you are going to use the internet – use it to check reviews and do research – not to purchase auto insurance.

Minneapolis Auto Insurance Specialists Team

Tips to Lower Your Minneapolis Car Insurance

These tips will help you help you lower your Minneapolis Car insurance.

We all want to reduce our monthly expenses. The good news is that while the monthly costs for just about everything seems to be going up, your car insurance rates may have some room to come down.

The average driver can spend up to $84,000 in a lifetime on Minneapolis car insurance, according to a February 2011 posting on the Motor Trend magazine’s website – a figure that could be reduced if you know how to save on your car insurance policy.

Click to get Minneapolis Car Insurance Quotes from the insurance specialists team and all their top insurance carriers now.

“The average yearly auto insurance premium for Minnesota is $742, but there is wide variation around this average,” says Loretta Worters, a vice president of the Insurance Information Institute (III), an organization dedicated to improving the public’s understanding of insurance. “Many factors can affect your premium.”  Minneapolis car insurance and St. Paul car insurance tends to be higher than out state MN.

Check out these ways of saving on your Minneapolis car insurance to see how you can reduce your car insurance.

#1 – Get a Variety of Quotes

Be cautious.  You don’t want to do this incorrectly as most people do at least once.  Some of these ads and sites make it sound like such a good idea – having agents compete, etc.  It’s not a good idea.  Here’s why.   Entering all your details into just any site will likely get your information sold to a bunch of different agents and companies.  You don’t want to just go online and start requesting quotes or start calling agents. This can be a huge pain and who wants to talk to a bunch of agents or go to a bunch of different sites and enter all your personal info all over the web?  Spending valuable time trying to figure everything out and who to trust – who needs it.

Of course, we recommend using a local independent agent who represents many companies – not just one.  Why wouldn’t you use the easiest way and get many quotes from an experienced local agent who you can trust.  They’ll know which company currently offers the best prices for you and the area you live. It’s the easy way. It doesn’t cost more to use and expert and will likely save you a ton and you’ll have a local Minneapolis car insurance expert on your team.

#2 – Start By Getting A Quote With All The Discounts Available To You

Don’t wait until the last minute or when your policy is close to renewing.  Many companies offer discounts for getting quotes in advance of your policy expiration – usually 14 -30 days before your policy expires.

Get multi policy quotes.  Many people make the mistake of just checking auto or home rates and if they are good will look at saving on other lines.  This is a common mistake.  You will almost never get the best prices without multi policy or package discounts.  Some insurers will only offer auto and home insurance as a package.  Many times they are the ones with the best prices.  Almost all insures will charge more for stand alone policies.

Each carrier is going to offer a variety of discounts like the Snapshot discount from Progressive, or the AAA membership discount, or the Alumni association discount, the longevity discounts – sometimes it pays to stay, some insurers may offer a discount to employees of certain companies, discount for teachers, or because you belong to certain clubs or organizations, all insurers these days offer discounts for having excellent credit – if your spouses is higher than yours – have them get the quotes – many companies will use the highest credit score.  There are a ton.

A good agent will know how and where to get the discounts and apply them to your quote – but, you should still ask.

#3- Raise Your Deductible

An easy way to get immediate savings could be changing your deductibles.  Don’t be afraid to raise your deductibles.

Increasing your deductible from $250 to $500 or from $500 to $1000 could reduce your collision and comp. coverage cost by 15 to 30 percent.  Going to a $1,000 deductible can save you 40 percent or more.  Some of these lower deductibles are kind of antiquated and raising them and keeping a reserve set aside could save a lot and a reserve will keep your anxiety level down.  Truth is you will likely save moire than your reserve amount of the higher deductible the first year.

The reason that higher deductibles may result in lower monthly rates is because a higher deductible means you will assume more risk, less apt to make smaller claims an insurance company will end up paying a smaller amount in the event that you file an accident claim.  Higher collision deductibles seem to save the most – so, check $500 comp and $1000 collision.  In MN chances are a deer or hail storm will damage your vehicle before you run in to another vehicle.

#4 – Keep Your Record Clean.

Obviously, keep your accidents and tickets down.  However, some companies will check back 35 months some will go five years or some other amount of time.  Some insurance companies will charge more for DWI’s for example, then others.  It pays to check.

We encourage you to check the easiest way to discover if you can lower your Minneapolis car insurance call the Minneapolis Insurance Specialists Team 612-460-7796 or go to lower my Minneapolis Car Insurance site and get some quotes easy, fast, and local.

Use a Minneapolis Car Insurance Expert

 

 

 

 

 

Minneapolis Insurance Specialists Team

333 Washington Ave. N. Ste. 300

Minneapolis, MN 55401

612.460.7796

Your Minneapolis Car Insurance Experts

Safeco Insurance: The Value of an Independent Agent

Safeco Insurance

We represent Safeco insurance. Safeco consistently provides some of the best auto and home insurance rates in Minneapolis. They also offer business insurance, boat and motorcycle insurance.  Safeco is almost always in the top three of our carriers in coverage and price for Minneapolis. Their claims service is tops too.  Check Safeco insurance for Minneapolis house insurance and Minneapolis car insurance.

To get a Safeco Insurance Auto quote, Home Insurance Quote or Renter’s Insurance Quote online – use one of the buttons below or call 612-460-7796.

Whether you’re a new home owner, or one of the older homes in Minneapolis, we know how important your home is to you.  Some of the homes in Minneapolis need special consideration and need to be reviewed to ensure proper coverage.  Insurance for your home doesn’t just protect your house and property.  Safeco insurance for Minneapolis homeowners  also protects your belongings, yourself and your guests. You’ve put a lot of hard work into providing a home for yourself and your family. Call the Minneapolis insurance Specialists Team for personal advice on the best combination of home insurance coverage, value and price to protect your hard earned investment.

If you would like to access your Safeco insurance policy online use the bottom button.

Clients with the Minneapolis Insurance Specialists Team love being able to access their policies and the convenience of online.  They also love having local experts who they can trust if they need expert advice or assistance.

Safeco insurance offers great rates for all your insurance needs like motorcycle insurance, classic car insurance, insurance for RV’s and ATV’s.  Safco clients like being able to have all their insurance in one place and getting the multi-policy discounts.

 


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If you would like to talk about Safeco insurance or get an insurance review at our Minneapolis office – call 612-460-7796 to schedule your appointment.