Cheapest Car Insurance Quotes in Franklin

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Franklin Car Insurance

^$ 21

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Franklin

The car insurance rate in Franklin is $812 for a six-month policy, which is $132 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $445, making it a popular choice for budget-conscious drivers. Rates in Franklin can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Franklin

$812

Avg. Car Insurance in Minnesota

$944

National Average

$1278

Cheapest Car Insurance Companies in Franklin

1st place: Iowa Farm Bureau

At $445 for a six month policy, Iowa Farm Bureau offers the cheapest auto insurance rates in the city.

2nd place: AutoOwners Insurance Co

AutoOwners Insurance Co offers auto insurance rates at $450 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Westfield

Westfield offers auto insurance rates at $450 for six months, making it the third cheapest auto insurance company in Franklin.

Franklin Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Franklin, MN is Iowa Farm Bureau, offering policies at just $445 for a six-month term. This is followed by AutoOwners Insurance Co, which has an average six-month premium of $450.

At the higher end of the spectrum, Farmers is the most expensive, with rates reaching $1461 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Franklin drivers find the best deals.

Cheap Car Insurance Companies in Franklin, MN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$445	$76
Auto-Owners Insurance Co	$450	$75
Westfield	$450	$77
American Family	$470	$79
West Bend Mutual	$582	$98
Travelers	$624	$105
Nationwide	$690	$117
USAA	$721	$121
AAA	$746	$126
Auto-Owners	$797	$134
West Bend	$858	$146
State Farm	$899	$151
Western National	$1159	$197
Allstate	$1216	$205
North Star Mutual	$1425	$243
Farmers	$1461	$243

Key Takeaways

Way's key takeaways about car insurance in Franklin

The auto insurance costs in Franklin fall around $445 for six months.
The cheapest auto insurance company in Franklin is Westfield.
Teen drivers pay the highest rate in Franklin at $878 per month.

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Save up to $971/yr with our auto insurance quotes

Cheapest Minimum Liability Car Insurance in Franklin

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Franklin are given below.

Westfield provides the cheapest minimum car insurance coverage in Franklin. Their Average 6 Month Premium is $123. Nationwide is the most expensive at $266 for the same period.

Cheapest Liability Coverage in Franklin, MN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$123	$21
West Bend Mutual	$174	$29
North Star Mutual Insurance	$189	$32
USAA	$205	$34
Auto-Owners Insurance Co	$214	$36
Iowa Farm Bureau	$214	$36
West Bend	$214	$36
Farmers Union Insurance	$219	$37
Auto-Owners	$224	$38
North Star Mutual	$224	$38
AAA	$250	$42
American Family	$250	$42
Travelers	$250	$42
State Farm	$271	$46
Western National	$286	$48
Allstate	$419	$71
Farmers	$593	$101
Nationwide	$266	$44

Cheapest Full Coverage Car Insurance in Franklin

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Franklin is Iowa Farm Bureau at $76 per month and $445 for six months.

Cheapest Full Coverage Car Insurance Quotes in Franklin, MN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$445	$76
Auto-Owners Insurance Co	$450	$75
Westfield	$450	$77
American Family	$470	$79
West Bend Mutual	$582	$98
Travelers	$624	$105
Nationwide	$690	$117
USAA	$721	$121
AAA	$746	$126
Auto-Owners	$797	$134
West Bend	$858	$146
State Farm	$899	$151
Western National	$1159	$197
Allstate	$1216	$205
North Star Mutual	$1425	$243
Farmers	$1461	$243

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Average Car Insurance in Franklin by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Franklin, MN increasing?

Despite maintaining a clean driving record, your car insurance rates in Franklin, Minnesota, may be increasing due to several external factors. Minnesota has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Franklin's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Franklin

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	Farm Bureau Mutual	$562
30s	Farm Bureau Mutual	$402
40s	Farm Bureau Mutual	$397
50s	Farm Bureau Mutual	$335
60s	Farm Bureau Mutual	$342
70s	Farm Bureau Mutual	$402

Cheapest Car Insurance Rates for Teen Drivers in Franklin,MN

If you are planning to get a car insurance policy for your teenage dependent, Westfield provides the cheapest car insurance in the Franklin at $25 per month. At $5267 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$148	$25
North Star Mutual Insurance	$205	$34
Auto-Owners Insurance Co	$219	$37
Iowa Farm Bureau	$224	$38
Farmers Union Insurance	$235	$40
Umialik	$292	$48
American Family	$797	$134
Travelers	$894	$151
Auto-Owners	$1170	$197
USAA	$1195	$201
State Farm	$1783	$300
AAA	$1798	$303
Allstate	$2866	$482
North Star Mutual	$3004	$501
Western National	$3341	$568
Farmers	$5267	$878

Teen Car Insurance Rates in MN by Age

Way Tip

If you are in your twenties Farm Bureau Mutual is the best choice for car insurance in Franklin.

As young drivers face the highest rates in Franklin, Farm Bureau Mutual offers the cheapest auto insurance rates at $562 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Franklin, West Bend Mutual is the cheapest car insurance provider. At $219 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Franklin is State Farm, offering rates of around $5829 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
West Bend Mutual	$219	$37
Westfield	$271	$45
Farmers Union Insurance	$301	$52
Iowa Farm Bureau	$424	$71
American Family	$434	$74
USAA	$1420	$237
AAA	$1583	$267
Travelers	$2038	$340
North Star Mutual	$2360	$402
Auto-Owners	$2462	$410
Farmers	$2707	$460
Western National	$2830	$471
Allstate	$3392	$577
State Farm	$5829	$972

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Save up to $971/yr on car insurance rates in Franklin.

Car Insurance Rates with An Accident in Franklin

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Franklin, MN, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Franklin

The cheapest car insurance companies after an at-fault accident in Franklin include Westfield and Umialik, offering $179 and $224, respectively. Nationwide is an expensive provider with an average six-month premium of $353.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$179	$30
Umialik	$224	$38
Iowa Farm Bureau	$276	$46
Auto-Owners Insurance Co	$292	$50
Farmers Union Insurance	$297	$49
West Bend Mutual	$301	$52
North Star Mutual Insurance	$347	$58
Encompass	$378	$65
American Family	$531	$89
Western National	$552	$93
Auto-Owners	$593	$100
State Farm	$613	$103
Travelers	$685	$115
USAA	$735	$124
AAA	$1164	$196
North Star Mutual	$1379	$232
Farmers	$2151	$359
Allstate	$2227	$375
Nationwide	$353	$58

Franklin Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Franklin MN. For example, the car insurance in Franklin after a DUI increases to $940 for a six month policy. While the rate increases by $193 for a six-month policy in the case of a speeding ticket.

Franklin auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$879	$146
One Med/PIP claim	$889	$151
Not-at-fault accident	$904	$151
One comp claim	$935	$159
Two Med/PIP claims	$935	$156
Two comp claims	$976	$166
Failure to wear a seat belt	$1001	$167
Failure to show documents	$1017	$173
Child safety restraint	$1032	$172
Driving without lights	$1032	$175
Driving with expired registration	$1053	$175
Cell phone violation	$1072	$182
Speeding 6 - 10 MPH over limit	$1072	$179
Texting while driving	$1072	$182
Following too closely	$1083	$181
Driving too slowly	$1088	$185
Failure to yield	$1088	$181
Illegal turn	$1088	$185
Speeding in school zone	$1088	$181
Wrong way/wrong lane	$1088	$185
Failure to stop at a red light	$1093	$182
Improper passing	$1093	$186
Speeding 11 - 15 MPH over limit	$1098	$183
Speeding 16 - 20 MPH over limit	$1109	$188
At-fault accident - less than $1000	$1134	$189
Passing school bus	$1134	$193
In 65 MPH zone	$1140	$190
Operating a vehicle without permission	$1145	$194
Speeding 21 - 25 MPH over limit	$1180	$197
At-fault accident - $1000-$2000	$1262	$214
Open container	$1267	$212
At-fault accident - greater than $2000	$1293	$220
Reckless driving	$1583	$264
Racing	$1635	$278
Driving with a suspended license	$1737	$290
Refusal to submit to a chemical test	$1757	$298
DUI	$1819	$303
Leaving scene of an accident/hit and run	$1885	$321

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Franklin after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Franklin.

The cheapest car insurance premiums in Franklin are offered by Umialik at $224 for a six-month policy. However, it can be as expensive as $4082 with companies like AAA.

Franklin car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$224	$38
West Bend Mutual	$235	$40
Farmers Union Insurance	$281	$46
Westfield	$316	$54
Iowa Farm Bureau	$414	$69
Country Financial	$439	$75
Auto-Owners Insurance Co	$470	$78
American Family	$495	$83
Western National	$700	$118
Travelers	$705	$119
State Farm	$899	$151
USAA	$971	$163
Auto-Owners	$1001	$169
Farmers	$2181	$371
Allstate	$2314	$390
North Star Mutual	$4076	$693
AAA	$4082	$680

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Franklin are offered by Westfield at $148. However, it can be as expensive as $2559 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Franklin after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$148	$25
Iowa Farm Bureau	$235	$40
West Bend Mutual	$235	$40
Auto-Owners Insurance Co	$245	$41
American Family	$261	$43
Farmers Union Insurance	$266	$46
State Farm	$562	$95
Western National	$700	$118
USAA	$740	$124
Auto-Owners	$817	$139
Travelers	$889	$148
North Star Mutual	$1425	$243
Farmers	$1834	$305
AAA	$1901	$323
Allstate	$2559	$427

Car Insurance Price Trends in Franklin, Minnesota

Car insurance rates in Franklin have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Franklin rose by $185 in January compared to $152 of December. In other words, there has been an increase by $33 when you compare January and December.

The average cost of liability insurance in the Franklin rose to $44 in January, compared to $42 in December. This represents an increase of $2 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Franklin?

The car insurance in Franklin is $21 per month, which is lower than the national average.

What is the cheapest car insurance in Franklin?

The cheapest car insurance in Franklin is $76 per month for full coverage.

How much is car insurance in Franklin for teenagers?

Car insurance for teenagers costs $148 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Franklin?

The average cost of car insurance is $944 for a six-month policy. It will cost around $137 per month to insure your car in Franklin.

Is car insurance expensive in Franklin?

Car insurance can be expensive in Franklin if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Franklin can be affordable.

Cheapest Car Insurance Quotes in Franklin

Why you can trust Way?

How Much Is Car Insurance in Franklin

Avg. Car Insurance in Franklin

Avg. Car Insurance in Minnesota

National Average

Cheapest Car Insurance Companies in Franklin

1st place: Iowa Farm Bureau

2nd place: AutoOwners Insurance Co

3rd place: Westfield

Franklin Car Insurance Rates by Company

Cheap Car Insurance Companies in Franklin, MN

Way's key takeaways about car insurance in Franklin

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Franklin

Cheapest Liability Coverage in Franklin, MN

Cheapest Full Coverage Car Insurance in Franklin

Cheapest Full Coverage Car Insurance Quotes in Franklin, MN

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Franklin by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Franklin, MN increasing?

Car Insurance Premiums by Age in Franklin

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Franklin,MN

If you are in your twenties Farm Bureau Mutual is the best choice for car insurance in Franklin.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Franklin

Cheapest Car Insurance Companies after an At-Fault Accident in Franklin

Franklin Car Insurance Rates by Violation

Franklin auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Franklin after a DUI

Franklin car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Franklin after Speeding ticket

Car Insurance Price Trends in Franklin, Minnesota

Average Car Insurance Cost in Franklin by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Franklin, MN

Car Insurance Rates by State in the USA (2025 Update)

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