There isn't anyone who anticipates paying for insurance, especially when they could find lower prices if they just compared rates.
Surprisingly, a recent survey revealed that the majority of drivers kept their coverage with the same insurance company for at least the last four years, and almost 40% of drivers have never compared rates to find affordable insurance. Minneapolis drivers could save almost $1,000 a year just by shopping around, but most just don't grasp the actual amount they would save if they swap their current policy for a cheaper one.
Vehicle owners have so many auto insurance companies to pick from, and although it's nice to have a selection, too many choices makes it more difficult to locate the cheapest rates for Ford F-150 insurance in Minneapolis.
Finding the cheapest insurance coverage in Minneapolis is not rocket science. Practically every driver who needs cheaper insurance most likely will find better rates. Although Minnesota car owners do need to learn the way insurance companies calculate your insurance rates and use it to your advantage.
Low-cost companies for Ford F-150 insurance
The car insurance companies shown below have been selected to offer price comparisons in Minnesota. If multiple companies are listed, we suggest you get rate quotes from several of them to find the most competitive car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$208||$260||$324||$20||$96||$908||$76|
|F-150 STX Regular Cab 2WD||$166||$288||$304||$18||$92||$868||$72|
|F-150 XL Super Cab 2WD||$150||$268||$358||$22||$108||$906||$76|
|F-150 XLT Regular Cab 2WD||$114||$220||$358||$22||$108||$822||$69|
|F-150 STX Super Cab 2WD||$168||$268||$324||$20||$96||$876||$73|
|F-150 XL Crew Cab 2WD||$236||$384||$412||$24||$124||$1,180||$98|
|F-150 XLT Super Cab 2WD||$172||$282||$358||$22||$108||$942||$79|
|F-150 STX Regular Cab 4WD||$152||$214||$318||$18||$94||$796||$66|
|F-150 XL Regular Cab 4WD||$228||$274||$416||$24||$124||$1,066||$89|
|F-150 FX2 Super Cab 2WD||$200||$274||$318||$18||$94||$904||$75|
|F-150 XLT Crew Cab 2WD||$234||$418||$358||$22||$108||$1,140||$95|
|F-150 XL Super Cab 4WD||$222||$312||$326||$20||$98||$978||$82|
|F-150 XLT Regular Cab 4WD||$188||$282||$298||$18||$90||$876||$73|
|F-150 XL Crew Cab 4WD||$134||$182||$304||$18||$92||$730||$61|
|F-150 STX Super Cab 4WD||$238||$332||$358||$22||$108||$1,058||$88|
|F-150 XLT Super Cab 4WD||$352||$406||$416||$24||$124||$1,322||$110|
|F-150 FX2 2WD||$146||$254||$334||$20||$100||$854||$71|
|F-150 Lariat Super Cab 2WD||$224||$334||$318||$18||$94||$988||$82|
|F-150 Lariat Crew Cab 2WD||$146||$254||$358||$22||$108||$888||$74|
|F-150 FX4 Super Cab 4WD||$194||$260||$416||$24||$124||$1,018||$85|
|F-150 XLT Crew Cab 4WD||$204||$306||$326||$20||$98||$954||$80|
|F-150 FX4 4WD||$134||$220||$304||$18||$92||$768||$64|
|F-150 Lariat Crew Cab 4WD||$194||$326||$358||$22||$108||$1,008||$84|
|F-150 SVT Raptor Super Cab 4WD||$238||$410||$298||$18||$90||$1,054||$88|
|F-150 Lariat Super Cab 4WD||$266||$466||$412||$24||$124||$1,292||$108|
|F-150 Lariat Crew Cab Platinum 2WD||$216||$444||$412||$24||$124||$1,220||$102|
|F-150 Lariat Crew Cab Harley 2WD||$146||$300||$334||$20||$100||$900||$75|
|F-150 Lariat King Ranch 2WD||$298||$570||$324||$20||$96||$1,308||$109|
|F-150 Lariat King Ranch 4WD||$184||$300||$324||$20||$96||$924||$77|
|F-150 Lariat Crew Cab Harley 4WD||$216||$384||$334||$20||$100||$1,054||$88|
|F-150 Lariat Crew Cab Platinum 4WD||$352||$486||$416||$24||$124||$1,402||$117|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in zip code location which can raise or lower rates substantially.
Illustration showing the impact of accidents and violations
The chart below illustrates how speeding tickets and at-fault accidents increase Ford F-150 insurance costs for each different age group. The premiums are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
Lower-cost Minneapolis car insurance rates with discounts
Insurance can be prohibitively expensive, but you might already qualify for some discounts that could help you make your next renewal payment. Many discounts should be triggered at quote time, but some need to be asked about before you will receive the discount. If you do not check that you are getting every discount available, you could be paying more than you need to.
- Auto/Life Discount - Larger companies have a break if you buy life insurance.
- Driver's Education for Students - Cut your cost by having your teen driver successfully take a driver's education course as it will make them better drivers and lower rates.
- Smart Student Discounts - Getting good grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students well after school through age 25.
- Own a Home - Simply owning a home can help you save on car insurance because owning a home shows financial diligence.
- College Student - Older children who live away from home to go to college without a vehicle on campus could get you a discount.
- Online Discount - Many larger companies will give a small break for buying your policy over the internet.
- Waiver for an Accident - This one isn't a discount, but a handful of insurance companies will let one accident slide before your rates go up so long as you are claim-free for a particular time prior to the accident.
- Employee of Federal Government - Employees or retirees of the government may qualify for a discount when you quote Minneapolis car insurance depending on your company.
Discounts save money, but please remember that some of the credits will not apply to the entire cost. Most cut individual premiums such as medical payments or collision. Despite the appearance that you would end up receiving a 100% discount, car insurance companies aren't that generous.
To view car insurance companies who offer car insurance discounts in Minnesota, follow this link.
Five factors that impact insurance prices
Many things are taken into consideration when pricing auto insurance. A few of the factors are predictable such as your driving history, but other factors are not as apparent such as your marital status or your financial responsibility. An important part of buying insurance is that you know the different types of things that help calculate the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to lower car insurance prices.
Guys pay more for car insurance - Over time, data shows that men are more aggressive behind the wheel. However, don't assume that females are better at driving than males. Men and women are responsible for at-fault accidents at a similar rate, but the male of the species cause more damage. Not only are claims higher, but men get ticketed for serious violations like driving under the influence (DUI). Young men ages 16 to 20 generally have the highest accident percentage and are penalized with high car insurance rates.
Liability coverage claims can be big - Liability coverage will protect you when you are ruled to be at fault for physical damage or personal injury to other. Your policy's liability insurance provides legal defense which can be incredibly expensive. Liability insurance is pretty cheap compared to comp and collision, so drivers should buy more than the minimum limits required by law.
Accidents can be expensive - Careful drivers get better rates as compared to those with violations. Having just one chargeable violation can bump up the cost by as much as twenty percent. Drivers with careless violations such as DUI, reckless driving or excessive speeding may need to file a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.
Teen drivers cost more - Inexperience drivers are statistically proven to be inattentive and easily distracted when at the wheel of a vehicle so they pay higher car insurance rates. If you've ever had to add a inexperienced driver onto a policy can really hurt. More experienced drivers are more cautious drivers, tend to cause fewer accidents, and tend to be get fewer driving tickets.
Your career may increase rates - Occupations like judges, air traffic controllers, and emergency personnel tend to have higher premiums than the average policyholder because of high stress levels and extremely grueling work hours. Other occupations like farmers, historians and performers receive lower rates.
Ford F-150 claim probability - Insurers take into consideration historical loss data for every vehicle when setting rates for each model. Models that the statistics show to have increased claim numbers or amounts will cost more for coverage. The table shown below demonstrates the collected loss data for Ford F-150 vehicles.
For each type of coverage, the claim amount for all vehicles averaged together is equal to 100. Percentage numbers below 100 suggest a positive loss record, while numbers shown that are more than 100 point to more frequent losses or a tendency for losses to be larger than average.
Insurance Loss Ratings for Ford F-150 Vehicles
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford F-150 SuperCab 4WD||67||110||39|
|Ford F-150 SuperCrew 2WD||42||93||72|
|Ford F-150 SuperCrew 4WD||75||76||101||56||57||76|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
You are unique and your insurance should be too
When buying the best insurance coverage for your vehicles, there really is not a best way to insure your cars. Your financial needs are unique so your insurance needs to address that. These are some specific questions may help you determine whether you might need professional guidance.
- Do I need higher collision deductibles?
- Do I need special coverage while pulling a rented trailer?
- Do I have coverage when making deliveries for my home business?
- Which companies are cheaper for teen drivers?
- Do I need added coverage for expensive stereo equipment?
- What is UM/UIM insurance?
- Can I cancel at any time?
- If my pet gets injured in an accident are they covered?
- Who sells insurance for high-risk drivers?
- How do I buy GAP insurance?
If you don't know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.
Exclusive or independent insurance agents
A lot of people would rather sit down with an agent and that is not a bad decision An additional benefit of comparing insurance prices online is that you can obtain cheaper premium rates and also buy local.
Once you complete this short form, your coverage information is instantly submitted to local insurance agents that can give you free Minneapolis car insurance quotes for your coverage. It simplifies rate comparisons since you won't have to drive around because quoted prices will be sent directly to your email. It's the lowest rates without the usual hassles of price shopping. If you want to compare rates for a specific company, you can always jump over to their website to submit a rate quote request.
Selecting a company should include more criteria than just a low price. Here are some questions you might want to ask.
- Is the agent and/or agency licensed to do business in Minnesota?
- Can you choose the body shop in case repairs are needed?
- How will an accident affect your rates?
- Does the agency have a current Errors and Omissions policy?
- Are claims handled at the agent's location?
- Are they actively involved in the community?
Types of car insurance agents
If you would like to find a local Minneapolis insurance agent, it helps to know the two different agency structures and how they are distinctly different. Car insurance agents may be either independent agents or exclusive agents depending on their employer.
Exclusive Car Insurance Agents
Exclusive insurance agents work for only one company like State Farm, Allstate, or Farmers Insurance. Exclusive agencies are unable to give you multiple price quotes so they really need to provide good service. Exclusive agencies are well trained on their company's products which helps overcome the inability to quote other rates.
The following is a short list of exclusive agencies in Minneapolis who can help you get price quotes.
Independent Insurance Agents
Agents that elect to be independent do not write with just one company so they can write business with lots of companies and find the cheapest car insurance rates. If prices rise, your agent can just switch to a different company which is easy for the insured.
When comparison shopping, it's a good idea to check rates from several independent insurance agents to have the most options to choose from.
Listed below are Minneapolis independent agents who can help you get rate quotes.
Save $431 a year. For real?
Respected companies like State Farm and Allstate consistently run ads on TV and radio. They all seem to make an identical promise about savings if you move your coverage to them. How does every car insurance company sell you cheaper insurance coverage? This is how they do it.
Insurance providers quote their cheapest rates for a prospective insured that earns them the highest profit. For example, a profitable customer may be between the ages of 30 and 50, carries full coverage, and has a high credit rating. A customer getting a price quote who matches those parameters will get the preferred auto insurance rates in Minneapolis and therefore will cut their rates substantially.
Drivers who may not quite match these criteria will see higher rates which leads to business going elsewhere. The ad wording is "people who switch" not "everybody who quotes" save that much when switching. That's why insurance companies can confidently state the savings. This really emphasizes why it is so important to get price quotes at each policy renewal. Because without a comparison, you cannot know which company will fit you best based on your risk profile.
Compare but don't skimp
As you go through the steps to switch your coverage, make sure you don't sacrifice coverage to reduce premiums. Too many times, an insured dropped full coverage only to regret that it was a big error on their part. Your strategy should be to buy the best coverage you can find at the best possible price, but do not sacrifice coverage to save money.
Cheap Ford F-150 insurance in Minneapolis can be sourced on the web and from local agencies, and you need to comparison shop both to get a complete price analysis. A few companies don't offer price quotes online and usually these small insurance companies provide coverage only through independent insurance agents.
To learn more, feel free to visit the resources below:
- Auto Insurance Learning Center (State Farm)
- Who Has Cheap Auto Insurance for Low Income Drivers in Minnesota? (FAQ)
- What Car Insurance is Cheapest for Handicapped Drivers in Minnesota? (FAQ)
- Who Has Cheap Car Insurance Quotes for State Employees in Minnesota? (FAQ)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- What is a Telematics Device? (Allstate)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)