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Get Cheap Car Insurance in Prosper, MN

We monitor insurance prices, helping the average driver in Prosper save up to 30.5% on car insurance.

 

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The Cheapest Minimum Coverage in Prosper

The chart below shows the cheapest car insurance company in Prosper 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.

 
Prosper Insurer Monthly Cost
State Farm $51
Auto-Owners Insurance $57
Kemper $60
American Family Insurance $60

Savings for Every Kind of Prosper Driver

The table shows how much the average auto insurance customer in Prosper might save by following our recommendations.

Based on our extensive insurance data, we know the average Prosper 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 $433 per year by choosing the right vehicle insurance company. Some Prosper residents are paying out over $1,610 extra every year for auto insurance in Prosper. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Prosper, MN Savings / Yr.
Drivers with good records
$433
Drivers with accidents
$545
Drivers with speeding tickets
$351
Drivers with a DUI conviction
$713
Young drivers
$1,222
Married drivers
$362
Drivers with bad credit
$951

Prosper Car Insurance vs. Minnesota

People living in Prosper pay an average of 0.25% more than the typical driver in the state. The average driver in Prosper can expect to pay about $833 per year, or $1,610 for full coverage.

Based on our analysis, Farm Bureau will be the cheapest provider in Prosper for most people.

Car Insurance Prices by Prosper Neighborhood

Prosper, MN map of insurance costs by zip code and neighborhood

Insurance Prices

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Average
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Where is insurance cheapest within Prosper?

The map shows insurance prices in and around Prosper, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $5 per year within the city boundaries, with insurance premiums ranging from a high of $1,613 to a low of $1,608. Insurance prices tend to be higher for those living in the Northwest area, and lower for those with homes in the Central parts of Prosper.

Pick the Best Car Insurance Company for You in Prosper

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Prosper insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Prosper

For drivers with clean driving records and no major strikes, Farm Bureau is the best option, with annual savings of $433 over the average Prosper car insurance company.

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We use the average good driver, paying $98 per month, as our baseline for pricing in Prosper. State Farm, Travelers, and Farm Bureau are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Prosper drivers with accidents on their records

In Prosper getting into an accident will raise premiums an average 32% for a yearly cost of $2,368. That's $758 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, State Farm, Progressive, and Nationwide are good choices for drivers with accidents.

In our analysis, State Farm saved the average person who had been in an accident the most, with annual savings averaging $545 over the competition.

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The best car insurance company for Prosper drivers with speeding tickets

>Nationwide gave the average person with a speeding ticket the most savings, averaging $351 better than other car insurance companies.

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Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Prosper, tickets raise premiums on new quotes about $334. If you have a speeding ticket, we recommend State Farm, Progressive, and Nationwide for savings that beat the average insurance cost of $1,944 per year.

The best auto insurance for Prosper drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $2,772 per year in auto insurance premiums, which was $1,162 more than a driver with no major issues. State Farm, Nationwide, and American Family Insurance penalized their customers the least for a DUI.

Getting a quote from State Farm may cost the average person with a DUI about $713 less each year.

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The least expensive car insurance company for new and young drivers in Prosper

In Prosper, State Farm costs young drivers $1,222 less each year versus the average auto insurance bill.

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Teen drivers account for more than their share of accidents, and thus end up paying about 62% more for insurance than more mature drivers in Prosper. With an average cost of $4,209 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Travelers, and Auto-Owners Insurance try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Prosper

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $130. State Farm, Auto-Owners Insurance, and American Family Insurance provided the largest discounts to couples living in Prosper.

State Farm gave the largest car insurance discounts to married couples, averaging $362 saved each year compared to an average Prosper couple's premiums.

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The cheapest car insurance in Prosper for drivers with bad credit

People with poor credit saved an average of $951 with Nationwide.

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Many people are surprised that their poor credit score can cost them an average of $1,506 every year. Premiums for people with poor credit were about $3,116 in Prosper. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from State Farm, Geico, and Nationwide.

The best Prosper car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Prosper, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks Farmers Insurance as the best provider in Prosper.

Nationwide was the best company for customer service in Prosper according to the NAIC.

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Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Prosper, which was better than other insurers.

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During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Prosper. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Prosper

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 15% of Prosper residents who are renting, and don't plan to be in the city or state for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, State Farm tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Prosper driver can expect to pay about $116 per month.

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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 Prosper, 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.
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Auto Insurance Prices in and Around Prosper

What Influences the Cost of Car Insurance in Prosper?

On average, car insurance in Prosper 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 city are influenced by the following factors:

  • The average commute time in Prosper is 39 minutes, which is far more than average for a driver in the state.
  • 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 Prosper are higher than average in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are moderate, with a Vehicle Theft Crime Grade of B- according to CrimeGrade.org.
  • Prosper is one of the least populated areas in the state. The city’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 Prosper is $69 per month for minimum coverage and $134 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 Cities

  • Lenora: Insurance costs 0.12% more
  • Newburg: Insurance costs 0.12% less
  • Hesper: Insurance costs 24.16% less
  • Mabel: Insurance costs 0.12% less
  • Canton: Insurance costs 0.19% less
  • Burr Oak: Insurance costs 24.04% less
  • Riceford: Insurance costs 1.86% less
  • Tawney: Insurance costs 0.12% less
  • Newhouse: Insurance costs 3.17% less
  • Locust: Insurance costs 24.16% less

Cities with Similar Populations

* Who is the average Prosper driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Prosper with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.