Lakeville Car Insurance

Your Complete Guide to Lakeville, MN, Car Insurance

Are you paying too much for car insurance?

How much are you paying for car insurance on an annual basis in Lakeville, MN? Would you like to find lower premiums? If so, you are in the right place. Car accidents happen and you will need an excellent car insurance policy to cover against them. Whether your car broke down on Dodd Boulevard, or you had a major accident on I-35, either one could cost you hundreds or thousands of dollars in accident-related monetary losses.

When you hire an independent insurance agent, you can hunt for the best car insurance policy to meet your coverage and financial needs. Find an independent insurance agent in Lakeville, MN, to learn more today.

Why Do Lakeville, MN, Car Insurance Rates Differ?

Each car insurance company has its own approach to determine risk and calculate rates, which can cause car insurance rates to differ from one policyholder to another. The following are some factors in which the rate of your car insurance quote may be based upon:

  • The make, model, and year of vehicles being insured
  • Your credit score and driving record
  • Your age, gender, occupation, and marital status
  • The amount of your deductible
  • Information about other licensed drivers using your vehicle
  • The amount of liability insurance being obtained
  • Whether you own or rent your home
  • The coverage options included in your policy

The chances are good that you may well qualify for significant discounts on your car insurance if you bundle your car insurance with renters or homeowners insurance. You may also qualify for additional discounts, such as if you have a safe driving record or make good grades in school.

Allow an independent insurance agent to help you compare rates and find the discounts for which you qualify. They can help you find the car insurance coverage you need at the most affordable price.

What Car Insurance Coverage Options Are Available in Lakeville, MN?

All car insurance policies are the result of a combination of mandatory and voluntary car insurance coverage options. As a resident of Lakeville, MN, your policy must meet or exceed Minnesota’s minimum car insurance coverage requirements. Minnesota requires drivers to carry liability car insurance and uninsured motorist coverage.

If you are still making payments or leasing your car, your dealer will almost certainly require you to carry comprehensive and collision insurance.

The minimum liability insurance requirements are as follows:

  • $30,000 for injury/death to one person
  • $60,000 for injury/death to more than one person
  • $10,000 for damages to property

Car liability insurance compensates third parties for personal injury and/or property damage. Please be aware that comprehensive and/or collision insurance does not meet Minnesota’s vehicle financial responsibility requirements.

Below are a few of the car insurance coverage options your local independent insurance agent may offer you:

  • Collision insurance (Partially optional): This option covers repairs or the replacement of your car if damaged in an accident, regardless of fault.
  • Comprehensive insurance (Partially optional): This option covers repairs or the replacement of your car if lost or damaged due to a non-collision event such as flooding, lighting, or car fire.
  • Uninsured motorist insurance (Required): This option covers other non-covered damages and injuries you may undergo if in a collision with an uninsured, underinsured, or hit-and-run driver.
  • Roadside assistance and towing (Optional): This option covers essential options if your car breaks down while out driving, like if all your engine coolant leaks out.
  • Rental reimbursement coverage (Optional): This option covers the cost of renting an alternate car while your car is being repaired following a covered event.

Speak with an independent insurance agent for assistance in choosing your auto liability coverage options.

What Is the Penalty for Driving without Insurance in Lakeville, MN?

In the state of Minnesota, if you do not maintain liability car insurance and uninsured motorist coverage, an officer will cite you if you are caught. If you cause an accident and are found liable, you will be responsible for the expenses of any personal injuries and/or property damage that occurs. When you go to court, if they find that suitable insurance was not in force on the date you were cited, you will be charged with a misdemeanor.

When driving a car, every driver must be able to give current proof of insurance if pulled over by an officer. Following are the penalties for driving without insurance in Lakeville, MN:

  • The driver is guilty of a misdemeanor if they do not produce the required proof of insurance upon the demand of an officer.
  • A driver is guilty of a gross misdemeanor if they repeat the violation within ten years of the first of two prior convictions.
  • The court may impose consecutive sentences for violations arising out of a single course of conduct.
  • In addition to any sentence of imprisonment that the court may impose, the court shall impose a fine of not less than $200 nor more than the maximum fine applicable to misdemeanors upon conviction.
  • The court may allow community service in lieu of any fine imposed if the defendant is impoverished.
  • In addition to criminal penalties, a person convicted is subject to revocation of a driver's license or permit to drive.

Chat with an independent insurance agent for assistance in choosing your auto liability coverage options.

What Is the Auto Theft Rate in Lakeville, MN, and Why Does It Matter?

The 2018 crime rate in Lakeville, MN was 62, which was 4.4 times lower than the US average. In the last five years, Lakeville has seen an increase in violent crime and a decline in property crime.

  • National auto theft rate per 100,000 vehicles: 228.9
  • Minnesota auto theft rate per 100,000 vehicles: 180.5
  • Lakeville auto theft rate per 100,000 vehicles: 43.1

Your car insurance premiums are based partly on the number of claims filed and Lakeville’s auto theft rate. This should be a very good incentive to carry the appropriate amount of car insurance on your vehicles.

Although the risk of your car being stolen is very low in Lakeville, you should still remember, you can only be compensated for a car theft if your car insurance policy includes comprehensive coverage. This optional coverage can also include a wide range of non-accident related damages such as floods or structure fires.

If you are leasing or making payments on your car, hopefully, you already have comprehensive coverage. If not, speak with your independent insurance agent to learn how much it will cost to add this non-accident related coverage to your car insurance policy.

Lakeville, MN, Independent Insurance Agents Are There When You Need Them

Independent insurance agents can be especially helpful when searching for the best car insurance policy to meet your coverage needs. These car insurance experts can explain your coverage options, answer insurance-related questions, and help you review offers from multiple insurance companies.

Contact an independent insurance agent with an office near Lakeville, MN to find personalized car insurance quotes in moments.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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