Cheapest Car Insurance Quotes In Shakopee, MN For 2024
In Shakopee, State Farm is noted for offering the most affordable option, with an average monthly rate of $37.
We’ve saved shoppers an average of $600 per year on their car insurance.
When searching for budget-friendly car insurance in Shakopee, Minnesota, the choices can differ widely, but one company distinguishes itself for its competitive pricing: State Farm. On average, individuals in the area can obtain car insurance for around $37 per month, significantly below the state’s average of $103.
For those interested in the most economical liability-only coverage, State Farm stands out as the top choice. Additionally, for drivers seeking comprehensive protection, State Farm provides the most favorable rates for full coverage policies, priced at $92 per month. Even for young drivers, State Farm offers the most affordable rates, starting at $115 per month.
Cheapest Car Insurance Companies In Shakopee, MN
Our Methodology
Using a thorough examination that considers several aspects including customer service ratings, product offerings, pricing, and a detailed assessment of numerous online review platforms and user feedback, I've developed a comprehensive understanding of the car insurance provider landscape in Shakopee, Minnesota. This perspective is well-informed, shaped by over 15 years of active engagement in the industry as a licensed insurance agent. It's enriched by numerous interactions with representatives from different companies and insights derived from firsthand experiences.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
How Much Is Car Insurance In Shakopee, MN?
State Farm provides the most affordable car insurance in Shakopee, MN, with coverage available for $105 per month.
As illustrated in the table below, its rates are notably lower than the average rates in both the State of Minnesota and the United States overall:
| Area | Average Monthly Rate |
| National | $152 |
| Minnesota | $103 |
| Shakopee, MN | $105 |
Keep in mind that the national average cost considers a wide range of states, encompassing both high-cost regions like New York, New Jersey, and California, as well as low-cost areas such as Mississippi, Kentucky, and Wyoming. Rates can differ based on various factors including vehicle type, coverage amount, zip code, driving history, and more. Therefore, actual rates may vary depending on your specific location and circumstances.
Cheapest Car Insurance Rates In Shakopee For Minimum Coverage
State Farm stands out as the most affordable car insurance provider for minimum coverage in Shakopee, offering an average monthly cost of $37.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $37 | $439 |
| Auto-Owners | $42 | $500 |
| American Family | $43 | $514 |
| GEICO | $48 | $574 |
| Travelers | $49 | $581 |
A minimum car insurance policy should typically include the following coverage:
- $30,000 for bodily injury per person
- $60,000 for bodily injury per accident
- $10,000 for property damage per accident
Having minimum car insurance offers you some level of protection while driving, covering liabilities like bodily injury and property damage to others. However, it lacks collision or comprehensive insurance, leaving your own vehicle unprotected in accidents, theft, or natural disasters.
It’s worth noting that driving without insurance is against the law in Minnesota. Failing to provide proof of insurance during a traffic stop can lead to penalties such as fines, license suspension, or more severe consequences.
Cheapest Car Insurance Rates In Shakopee For Full Coverage
State Farm offers the most affordable car insurance rates for full coverage in Shakopee, with an average monthly quote of $92.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $92 | $1,286 |
| GEICO | $200 | $2,398 |
| American Family | $103 | $1,238 |
| Auto-Owners | $110 | $1,314 |
| Allstate | $225 | $2,698 |
Full coverage car insurance extends beyond the basic legal requirements, combining comprehensive and collision coverages.
Comprehensive coverage protects against non-collision incidents such as theft, vandalism, or natural disasters. Collision coverage provides financial protection for vehicle damages resulting from accidents, regardless of fault.
Cheapest Car Insurance Rates In Shakopee For Seniors
State Farm offers the most affordable car insurance rates for seniors in Shakopee, with an average monthly quote of $57.
| Provider | Average Monthly Cost | Average Annual Cost |
| Farm Bureau Mutual | $69 | $826 |
| Auto-Owners | $68 | $814 |
| American Family | $82 | $982 |
| State Farm | $57 | $682 |
| USAA | $62 | $742 |
In Minnesota, numerous seniors may encounter favorable car insurance rates, influenced by various advantageous factors. While age often plays a role in determining insurance rates, with older age sometimes linked to reduced driving ability, this stereotype doesn’t apply universally.
Cheapest Car Insurance Rates In Shakopee For Teenagers
Teenage drivers in Shakopee can obtain the most affordable quotes from Auto-Owners, with average monthly premiums of $287.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $287 | $3,442 |
| GEICO | $658 | $7,894 |
| Travelers | $327 | $3,921 |
| American Family | $444 | $5,324 |
| Allstate | $550 | $6,598 |
Teenage drivers typically encounter the highest car insurance premiums, primarily due to their lack of experience on the road. Insurance providers view these young drivers as high-risk because they statistically have a higher likelihood of being involved in accidents and committing traffic violations.
Cheapest Car Insurance Rates In Shakopee For Young Adults
State Farm provides the most affordable quotes for young adults in Shakopee, with rates averaging around $115 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Farm Bureau Mutual | $132 | $1,582 |
| American Family | $141 | $1,690 |
| Auto-Owners | $147 | $1,762 |
| State Farm | $115 | $1,378 |
| USAA | $118 | $1,414 |
In Minnesota, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This difference in pricing is due to the development of driving habits and a corresponding decrease in risky behaviors as drivers mature.
Statistically, young adults are less prone to file claims with insurance companies, indicating a decrease in accident involvement. As a result, insurers adjust premiums downward, acknowledging the improved safety records and reduced likelihood of claims from these more experienced drivers.
Cheapest Car Insurance Rates In Shakopee For Good Drivers
State Farm offers the most affordable car insurance quotes for good drivers in Shakopee, priced at approximately $37 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $37 | $439 |
| Auto-Owners | $42 | $500 |
| American Family | $43 | $514 |
| GEICO | $48 | $574 |
| Travelers | $49 | $581 |
Drivers with clean driving records in Shakopee usually receive lower car insurance rates because they’re seen as lower risk. Insurance companies use driving records to assess how safely a person drives. Fewer incidents, such as accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.
Because insurers determine rates based on the probability of a driver making a claim, a flawless driving record can result in substantial savings on premiums. It’s all about evaluating risk – the cleaner the record, the lower the perceived risk, and therefore, the lower the insurance cost.
Cheapest Car Insurance Rates In Shakopee For Drivers With Prior Incidents
In Shakopee, drivers with records of traffic violations, such as accidents, speeding, or DUIs, frequently encounter challenges in obtaining affordable car insurance. These driving infractions cause insurance companies to categorize them as high-risk, implying a higher likelihood of filing future insurance claims.
As a result, insurance providers increase their rates for these individuals to offset the risk of potential higher claim payouts.
Cheapest Car Insurance Rates In Shakopee For Drivers With A Speeding Ticket
Compared to other companies, State Farm offers very affordable rates. On average, their rates stand at $110 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $110 | $1,318 |
| Travelers | $177 | $2,122 |
| Geico | $258 | $3,094 |
| Allstate | $329 | $4,012 |
| American Family | $147 | $1,762 |
Cheapest Car Insurance Rates In Shakopee For Drivers With An At-Fault Accident
State Farm provides the most affordable car insurance quotes for drivers with an at-fault incident, averaging around $120 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $120 | $1,438 |
| American Family | $259 | $3,106 |
| Allstate | $390 | $3,242 |
| GEICO | $400 | $4,897 |
| Farmers | $347 | $4,162 |
Cheapest Car Insurance Rates In Shakopee For Drivers After A DUI
USAA offers the most budget-friendly rates for drivers with a DUI history, providing Shakopee drivers with average monthly premiums of $188.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $188 | $2,319 |
| Travelers | $224 | $2,686 |
| Farmers | $351 | $4,210 |
| Geico | $715 | $8,578 |
| Allstate | $407 | $4,882 |
Best Car Insurance Companies In Shakopee
For drivers in Shakopee, selecting the appropriate car insurance company involves not only finding affordable rates but also ensuring dependable protection while on the road. Below are the top 10 car insurance companies in Shakopee, MN, ranked by the average monthly rate they offer.
| Company | Monthly Premium |
| American Family | $112 |
| Farmers | $173 |
| North Star | $154 |
| Safeco | $86 |
| State Farm | $91 |
| West Bend Mutual | $132 |
| USAA | $91 |
| Farm Bureau Mutual | $95 |
| Western National | $163 |
| Auto-Owners | $115 |
Average Car Insurance Rates By Age In Shakopee
| Age | Average Yearly Rate |
| Teenagers | $2,542 |
| 20s | $1,632 |
| 30s | $1,018 |
| 40s | $1,018 |
| 50s | $802 |
| 60s | $840 |
| 70s | $1,174 |
Age is a critical factor in determining car insurance rates. Typically, younger drivers, particularly teenagers and young adults, encounter higher insurance premiums because of their lack of experience and statistically higher probability of accidents and traffic violations. As drivers approach the age of 25, their rates generally begin to decrease, assuming they maintain a clean driving record.
The most advantageous insurance rates are often offered to drivers in their 50s and early 60s. Insurance companies utilize age as a measure to assess driving experience and risk potential, thus impacting the cost of premiums accordingly.
Average Car Insurance Rates By Vehicle Type In Shakopee
| Vehicle | Average Monthly Rate |
| Chevrolet Equinox | $100 |
| Subaru Impreza | $183 |
| Toyota Corolla Cross | $260 |
| Pontiac G6 | $74 |
| Toyota Rav4 | $100 |
The type of vehicle you own significantly influences your car insurance costs. Insurance companies consider factors such as the make, model, year, and body type of the car. Generally, newer vehicles, especially luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.
Conversely, older cars or those less expensive to repair or replace may attract lower premiums. Insurers take these factors into account because they directly impact the potential cost of claims. For example, repairs for a high-end car are typically more expensive than for a standard vehicle. Additionally, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.
How Much Is Car Insurance For Other Cities In Minnesota?
| City | Average Monthly Rate |
| Apple Valley | $100 |
| Edina | $125 |
| Brooklyn Park | $110 |
| Moorhead | $92 |
| Blaine | $108 |
| Duluth | $90 |
| Eden Prairie | $100 |
| Grand Rapids | $94 |
| Loretto | $100 |
| Mankato | $94 |
The city where you live has a substantial impact on your car insurance rates. Insurance companies evaluate numerous factors associated with your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which tend to be higher in urban areas. This heightened risk frequently results in higher premiums.
FAQs
Who has the lowest car insurance rates in Shakopee?
The most affordable car insurance rates in Shakopee are provided by GEICO for the minimum coverage required by the State of Minnesota and by Progressive for full coverage, which includes comprehensive and collision coverage.
What is the average cost of car insurance in Shakopee?
The average cost of car insurance in Shakopee is approximately $105 per month. However, rates can vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant considerations.
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