Factors Influencing Cost of Car Insurance in Chanhassen, MN

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The average cost of car insurance in Chanhassen, MN, is $1,409. This cost is lower than most of the nearby locations like Tonka Bay, Victoria, Shorewood, and Excelsior but higher than other nearby locations like Eden Prairie. Car owners in Chanhassen, MN, can make car insurance less expensive by considering factors like locations, age, and credit scores. These factors are explored in detail by Zimlon below.

Age of the Driver: 

Car owners in  Chanhassen, MN, can make the cost of car insurance less expensive and get various discounts by comparing multiple age of the driver-based policies offered by different insurance companies. According to Zimlon’s analysis, teenagers and young drivers pay more car insurance costs than older drivers as insurance companies consider them as less responsible drivers. 

The average cost of car insurance in Chanhassen, MN, for a teenager is $4,572. For a 20-year-old driver, insurance costs come up to $1,810, whereas, for drivers between the ages of 40 to 60 years it is less than $1400. 

Multi-Car Insurance: 

Car owners in Chanhassen, MN, can make auto insurance less expensive by insuring multiple vehicles with the same insurer. Auto insurance companies in Chanhassen, MN, also offer attractive discounts on multi-car insurance policies and bundling. Car owners in Chanhassen, MN, can save more by purchasing their life, auto, and home insurance from the same insurance company. The average savings one can obtain are as follows:

factors_influencing_cost_of_car_insurance_in_chanhassen_mn

Anti-theft: 

Cars that are equipped with safety devices are less prone to thefts therefore, auto insurance companies in Chanhassen, MN, provide a considerable amount of discounts to vigilant car owners. The discounts can depend on the type and number of safety devices installed. According to Zimlon’s research, car owners in Chanhassen, MN, can get car insurance for $1,353 by installing safety devices like an audible alarm and active disabling device. Installing additional anti-theft features like tracking devices and passive disabling devices can further reduce the cost of car insurance to $1,324 and $1,310 respectively. 

Driving Violations: 

Auto insurance rates increase depending on the type and number of driving violations. The driving violations can also stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence usually determine how long the violation stays on the record.

Zimlon’s analysis found that violations such as driving without a headlight in Chanhassen, MN, can increase insurance costs by $62. Other violations like speeding or running a red light can cost car owners more than $300. More severe driving violations like driving with an expired or suspended license can add $950 to the car insurance costs. 

Credit Scores: 

Car owners in Chanhassen, MN,  can also make car insurance less expensive by maintaining positive credit scores. Several auto insurance companies provide considerable discounts to car owners that have a higher positive credit score and a clean driving history. Zimlon’s research found that car owners with a “good” credit score of 670-739 will have to pay $1,468. Whereas, for a “poor” credit score of 300-579 cost of car insurance in Chanhassen, MN, can get as high as $2,298.