A number of factors affect Minnesota auto insurance rates. The most important one is the applicant’s driving record. Insurance companies look at a person’s past behavior to predict future events. Someone who has been able to maintain a clean driving record for several years will be able to qualify for the lowest rates on his or her coverage.
If your driving record includes one or more at-fault accident or you have a history of moving violations, you will be paying higher rates for at least a few years. The good news is that you can qualify for better rates by not adding any more events to your record for several years.
Age and gender are also considered when a person applies for Minnesota auto insurance coverage. Young, male drivers pay the highest rates for their coverage, and mature drivers who have several years of experience behind the wheel can qualify for lower rates on their coverage.
The make and model of the car being insured also matters. If you are driving a muscle car that is meant for speed, be prepared to dig deeper into your pocket for your car insurance premiums. A person who chooses to drive a car that is expensive or complicated to repair will also pay higher rates for his or her coverage. Some vehicles are more likely to be targeted by thieves, and insurance costs are also higher for them.