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Get Cheap Car Insurance in Silver Bay, MN
We monitor insurance prices, helping the average driver in Silver Bay save up to 30.5% on car insurance.
The Cheapest Minimum Coverage in Silver Bay
The chart below shows the cheapest car insurance company in Silver Bay 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.
| Silver Bay Insurer | Monthly Cost |
|---|---|
| State Farm | $52 |
| Auto-Owners Insurance | $58 |
| Kemper | $61 |
| American Family Insurance | $61 |
Savings for Every Kind of Silver Bay Driver
Based on our extensive insurance data, we know the average Silver Bay 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 $440 per year by choosing the right vehicle insurance company. Some Silver Bay residents are paying out over $1,637 extra every year for auto insurance in Silver Bay. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Silver Bay, MN Savings / Yr. |
|---|---|
$440 |
|
$555 |
|
$357 |
|
$725 |
|
$1,243 |
|
$368 |
|
$968 |
Silver Bay Car Insurance vs. Minnesota
People living in Silver Bay pay an average of 1.95% more than the typical driver in the state. The average driver in Silver Bay can expect to pay about $847 per year, or $1,637 for full coverage.
Based on our analysis, Farm Bureau will be the cheapest provider in Silver Bay for most people.
Car Insurance Prices by Silver Bay Neighborhood
Insurance Prices
Where is insurance cheapest within Silver Bay?
The map shows insurance prices in and around Silver Bay, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $34 per year within the city boundaries, with insurance premiums ranging from a high of $1,652 to a low of $1,618. Insurance prices tend to be higher for those living in the North area, and lower for those with homes in the South parts of Silver Bay.Pick the Best Car Insurance Company for You in Silver Bay
The best car insurance provider for most drivers in Silver Bay
For drivers with clean driving records and no major strikes, Farm Bureau is the best option, with annual savings of $440 over the average Silver Bay car insurance company.
The best car insurance provider for Silver Bay 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 $555 over the competition.
The best car insurance company for Silver Bay drivers with speeding tickets
>Nationwide gave the average person with a speeding ticket the most savings, averaging $357 better than other car insurance companies.
The best auto insurance for Silver Bay drivers with a DUI conviction
Getting a quote from State Farm may cost the average person with a DUI about $725 less each year.
The least expensive car insurance company for new and young drivers in Silver Bay
In Silver Bay, State Farm costs young drivers $1,243 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Silver Bay
State Farm gave the largest car insurance discounts to married couples, averaging $368 saved each year compared to an average Silver Bay couple's premiums.
The cheapest car insurance in Silver Bay for drivers with bad credit
The best Silver Bay car insurance company for customer service
Nationwide was the best company for customer service in Silver Bay according to the NAIC.
Recent price drops
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The cheapest large national provider in Silver Bay
For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Silver Bay 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 Silver Bay, 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 Silver Bay
What Influences the Cost of Car Insurance in Silver Bay?
On average, car insurance in Silver Bay 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:
- 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 Silver Bay are lower than average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are very high, with a Vehicle Theft Crime Grade of C+ according to CrimeGrade.org.
- Silver Bay has an average population density in the state. The city’s density could result in a price increase for drivers.
As a result of these and other factors, the average cost of car insurance in Silver Bay is $71 per month for minimum coverage and $136 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
- Lax Lake: Insurance costs 0.55% more
- Beaver Bay: Insurance costs 0.86% less
- East Beaver Bay: Insurance costs 0.67% less
- Finland: Insurance costs 0.43% more
- Little Marais: Insurance costs 0.37% more
- Whyte: Insurance costs 0.24% more
- Murphy City: Insurance costs 1.10% more
- Wales: Insurance costs 0.12% more
- Schroeder: Insurance costs 0.92% less
- Highland: Insurance costs 0.24% less
Cities with Similar Populations
- Baudette: Insurance costs 0.98% less
- West Kinderhook: Insurance costs 68.42% more
- Canaan: Insurance costs 41.42% less
- Collings Lakes: Insurance costs 12.28% more
- Constable: Insurance costs 26.27% more
- Cope: Insurance costs 2.20% more
- Rock Port: Insurance costs 7.39% more
- Miramar: Insurance costs 18.33% more
- Richland: Insurance costs 27.67% less
- Richfield: Insurance costs 21.32% less