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For a male driver living in St Michael, if he has five years of driving experience with a clean driving record and drives a Honda Accord for about 13,000 miles per year, the average auto insurance from different companies is about $1,362.
While each state has different auto insurance regulations, there are six basic types of coverage. Below is what you need to know. Click here to read more about the auto insurance liability.
Here are some most common discounts for auto insurance.
| Discount | Description |
|---|---|
| Multi-Car | When you insure more than one car in your policies, you can usually get a multi-car discount for each of them. In other words, it's better to insure all the vehicles in the same policy instead of putting them in separate policies. |
| Multi-Policy | If you purchase multiple policies from the same company, you can often get a multiple-policy discount. For example, if you already have auto insurance from a company and then purchase the renters policy from them, you can get a discount on your auto insurance by about 5-15%, depending on the company or state. However, it doesn't mean you should always purchase all policies from the same company because sometimes the saving you can get to buy a standalone renters insurance policy is even higher than the discount for the multi-policy. |
| Education and Profession | There are two types of education discounts. One is for the degree you earned. The other is for the college you graduated from, which is only available in some insurance companies. For some advanced professions, you can get a decent discount of 10-15%, which may require verification from your employer. |
| Anti-theft/Anti-lock Brakes/Airbags | Most companies can discount the premium's comprehensive coverage proportion if you have security-related features such as installing an alarm, anti-theft, steering wheel locking, or anti-lock brakes. |
| Good Driver | If you don't have any record of violation or accident during the last three or five years, you're considered a good driver for most companies. It is also one of the best discounts for most companies. |
| Good Student | For a student who maintains an average grade of B or above can receive a significant discount on their insurance premium. Although, the premium may still be high because students usually don't have long driving experience. |
| Standard Risk | Every insurance company manages its risk differently. But in general, there are standard risks for auto insurance, including No tickets or no accidents within a specific period, no drivers under 25 years old or over the age of 65, and no high-performance vehicles. |
Click here to start a free and personalized insurance quote to compare all the discounts.
We also generated a report for all cities in Minnesota.
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