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Get Cheap Car Insurance in North Loop, Minneapolis, MN
We monitor insurance prices, helping the average driver in North Loop save up to 30.5% on car insurance.
The Cheapest Minimum Coverage in North Loop
The chart below shows the cheapest car insurance company in North Loop for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through State Farm, followed by Auto-Owners Insurance, Kemper, and American Family Insurance.
| North Loop Insurer | Monthly Cost |
|---|---|
| State Farm | $61 |
| Auto-Owners Insurance | $69 |
| Kemper | $72 |
| American Family Insurance | $73 |
Savings for Every Kind of North Loop Driver
Based on our extensive insurance data, we know the average North Loop driver will save about 27% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $523 per year by choosing the right vehicle insurance company. Some North Loop residents are paying out over $1,943 extra every year for auto insurance in North Loop. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
North Loop, Minneapolis, MN Savings / Yr. |
|---|---|
$523 |
|
$658 |
|
$423 |
|
$860 |
|
$1,475 |
|
$437 |
|
$1,148 |
North Loop Car Insurance vs. Minneapolis
People living in North Loop pay an average of 21.00% more than the typical driver in the state. The average driver in North Loop can expect to pay about $1,005 per year, or $1,943 for full coverage.
Based on our analysis, Farm Bureau will be the cheapest provider in North Loop for most people.
Car Insurance Prices by North Loop Neighborhood
Insurance Prices
Where is insurance cheapest within North Loop?
The map shows insurance prices in and around North Loop, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $447 per year within the neighborhood boundaries, with insurance premiums ranging from a high of $2,283 to a low of $1,836. Insurance prices tend to be higher for those living in the Northwest area, and lower for those with homes in the Southeast parts of North Loop.Pick the Best Car Insurance Company for You in North Loop
The best car insurance provider for most drivers in North Loop
For drivers with clean driving records and no major strikes, Farm Bureau is the best option, with annual savings of $523 over the average North Loop car insurance company.
The best car insurance provider for North Loop drivers with accidents on their records
In our analysis, State Farm saved the average person who had been in an accident the most, with annual savings averaging $658 over the competition.
The best car insurance company for North Loop drivers with speeding tickets
>Nationwide gave the average person with a speeding ticket the most savings, averaging $423 better than other car insurance companies.
The best auto insurance for North Loop drivers with a DUI conviction
Getting a quote from State Farm may cost the average person with a DUI about $860 less each year.
The least expensive car insurance company for new and young drivers in North Loop
In North Loop, State Farm costs young drivers $1,475 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in North Loop
State Farm gave the largest car insurance discounts to married couples, averaging $437 saved each year compared to an average North Loop couple's premiums.
The cheapest car insurance in North Loop for drivers with bad credit
The best North Loop car insurance company for customer service
Nationwide was the best company for customer service in North Loop according to the NAIC.
Recent price drops
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The cheapest large national provider in North Loop
For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average North Loop driver can expect to pay about $116 per month.
What About USAA?
JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In North Loop, USAA has the best prices for young drivers, drivers with accidents, married couples, good drivers, drivers with speeding tickets, drivers with a DUI conviction, and drivers with bad credit.Auto Insurance Prices in and Around North Loop
What Influences the Cost of Car Insurance in North Loop?
On average, car insurance in North Loop is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the neighborhood are influenced by the following factors:
- The average commute time in North Loop is 28 minutes, which is about the national average for a driver in the city.
- Minnesota state insurance regulations may require higher prices.
- An average of 0 weeks with snow on the ground, which impacts accident rates.
- Marriage rates in North Loop are lower than average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are high, with a Vehicle Theft Crime Grade of D according to CrimeGrade.org.
- North Loop is a lightly populated area in the state. The neighborhood’s density could result in a price decrease for drivers.
As a result of these and other factors, the average cost of car insurance in North Loop is $84 per month for minimum coverage and $162 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.
Car Insurance in Nearby Neighborhoods
- Downtown West: Insurance costs 0.57% more
- Near North: Insurance costs 8.18% more
- Loring Park: Insurance costs 2.42% less
- Downtown East: Insurance costs 9.57% more
- Elliot Park: Insurance costs 3.04% more
- Harrison: Insurance costs 2.11% more
- Stevens Square: Insurance costs 1.60% more
- Hawthorne: Insurance costs 8.44% more
- Marcy Holmes: Insurance costs 5.82% less
- Lowry Hill: Insurance costs 3.86% less
Neighborhoods with Similar Populations
- The Vistas: Insurance costs 23.06% more
- Fairview: Insurance costs 19.35% less
- Floresta Gardens-Bradrick: Insurance costs 18.17% more
- Franklin Randolph: Insurance costs 43.54% less
- Irvine Health and Science Complex: Insurance costs 8.85% more
- Kensington: Insurance costs 4.99% less
- Alta Vista: Insurance costs 6.28% more
- Mt. Park: Insurance costs 16.47% less
- Old Mountain View: Insurance costs 7.57% more
- Park Avenue: Insurance costs 14.46% more