Smart Auto Insurance Blog

In these tough times, drivers are looking for any type of discount they can on their auto insurance rates.  Progressive Auto Insurance is happy to offer discounts whenever they can and their MyRate Discount program proves this.

Progressive’s MyRate discount offers savings based on how much, how, and when they drive their car.  With the newest version of MyRate, now offered with Minnesota auto insurance, customers can start saving in as little as 30 days, up to 30%.  Progressive now gets data for only 6 months to determine a customer’s auto insurance rate.  Once drivers sign up for the MyRate program they plug in a small device into their auto that measures their driving data.  After about 30 days they can let the customer know if they qualify for a discount.

Some examples of scenarios that will offer lower rates are business travelers who park their cars at the airport numerous days per week, families with an extra car they rarely drive, or safe drivers who rarely slam on the brakes.  Progressive may occasionally check in with MyRate customers to get another snapshot of driving habits to ensure nothing has changed, but if the safe driving habits continue so do the great discounts.

According to the article “Additional Auto Insurance May Not Be Needed For Rental Cars” by Lawrence Shipman on usinsuranceonline.com, rental cars have auto insurance through the state of Minnesota. 

Auto insurance to cover a rental car can be up to $10-$15 per day.  This is a lot of money, especially if you are renting the car for an extended period of time.  That’s why it’s important to understand what type of coverage you have through the state of Minnesota and Minnesota auto insurance.  The minimum coverage for covering a rental car in the state is $35,000.  This is probably plenty to cover the car you are driving but the only thing to consider is that if you wreck multiple cars it could end up costing you more.

You will also want to check with your personal auto insurance policy to see if there is any additional coverage for rental cars.  When you are shopping around for Minnesota auto insurance quotes you can ask if there are any policies that offer such a benefit before making a purchase.  The Insurance Information Institute says consumers are usually covered when they rent a car.

According to insurance.com’s monthly Car Insurance Rate Watch Report, average car insurance rates in March decreased in 19 states (compared with February).   Rates were higher in 15 states on average and basically unchanged in 13 states.

The 5 states that enjoyed the largest rate decrease in March were:

1. Arizona
2. Virginia
3. New Hampshire
4. Texas
5. Georgia

The 5 states where average car insurance rates increased the most in March were:

1. South Dakota
2. Nebraska
3. Minnesota
4. Maine
5. West Virginia

In addition, insurance.com found that two-thirds of March auto insurance shoppers were seeking a new policy because their rate was too high, or they received their bill and the rate had gone up.