Want to save money on your car insurance? Find and compare free custom quotes here.
From the Mall of America to Minnehaha Regional Park, there’s something for everyone to enjoy in Minnesota. While driving through the Land of 10,000 Lakes, you’ll want to have reliable car insurance. Benzinga has compared the best companies for car insurance quotes in Minnesota to help you find a great deal while staying safe on the road.
The Best Car Insurance in Minnesota
Minnesota Car Insurance Overview
With 2 cars per household on average in Minnesota, you’ll want to know how to protect them and your family. State law requires drivers to carry a minimum amount of car insurance. Failing to do this could subject you to penalties including jail time and fines.
Minimum Minnesota car insurance requirements are as follows:
- $30,000 bodily injury per person per accident
- $60,000 bodily injury for all persons per accident
- $10,000 property damage liability
- $25,000/$50,000 uninsured motorist bodily injury
- Drivers with a clean driving record can expect to pay an average of $1,400 for car insurance.
Minnesota Car Insurance Law Explained
Minnesota is a no-fault state, which means that your insurance will pay your claims up to a certain amount no matter who caused the accident. This also means that you give up some of your legal rights to sue for damages.
Bodily injury per person: This is the maximum amount of money applied per person injured in an accident. If you only carry the state minimum of $30,000, that is the limit that bodily injury liability would pay for medical expenses.
Bodily injury per accident: This is the amount applied to each accident where multiple people are injured. In Minnesota, the minimum is $60,000, meaning that this is the most that your insurance would pay for the combined expenses of everyone injured (up to the per-person limit for each person).
Property damage liability: This is the maximum amount of money paid in case property is damaged. It can include property such as fences or buildings, but also pays to repair damage caused to another person’s vehicle.
Uninsured motorist bodily injury: This is the maximum amount of money paid in case an accident is caused by a driver who is uninsured or underinsured and their negligence causes injuries to the other party.
Minnesota Traffic Laws You Should Know
Whether you’re driving in the Twin Cities or outside of major metropolitan areas, it’s important to keep traffic laws in mind. Not only does this provide common-sense protection on the road, but safe driving can also save you money on your car insurance.
Hands-Free driving law: In Minnesota, drivers may not hold a cell phone to talk, use apps or navigate unless the phone is one-touch or voice-activated. Violating this law carries a $50 penalty for the first offense and a $275 penalty for the second.
Slow driving in the left lane: Slow drivers in the left lane on Minnesota highways and freeways could be subject to a $50 fine plus surcharges and court fees with this law. It stipulates that left lane drivers who block faster traffic to the point of causing a traffic hazard could receive a ticket.
DUI/DWI laws in Minnesota: Driving under the influence or driving while intoxicated in Minnesota means having a blood alcohol concentration of 0.08% or greater. It can also include certain types of drugs or other hazardous substances. Depending on the severity, drivers may face up to $14,000 in fines and 7 years in prison.
Minnesota Cheap Car Insurance Rates per Vehicle
The most popular types of vehicles sold in Minnesota for the last 5 years included heavy-duty trucks like the Dodge Ram and smaller, popular cars like the Toyota Camry and Honda CR-V.
Many people don’t know that the type of car you drive can impact your car insurance rates. Smaller, sportier cars are more likely to be driven faster and face speed violations. But you may also pay more if you drive a larger vehicle because of the potential for greater property damage. Generally speaking, mid-size vehicles tend to pay lower rates for auto insurance in Minnesota.
Cheap Car Insurance Rates by Insurance Credit Score
The amount you pay for car insurance can also be affected by your insurance credit score. This number is a derivative of your credit score. Every insurance company has a specific formula that they use to calculate rates, and much of this formula is based on perceived risk. Drivers are broadly classified into different groups based on the car they drive, their age, gender and their credit score.
Although things like age and gender have a negligible effect on car insurance rates, credit score is one of the key risk factors that insurers look at.
Your credit score is a measure of your financial responsibility. It’s a snapshot of your personal financial situation at any given time. When you fix your credit score, you fix your insurance credit score as well. Credit scores can fluctuate and rise or fall over time. One of the best ways to raise your credit score is to consistently pay your bills on time, pay more than the minimum on your credit cards and not have many credit card accounts open.
Insurance companies reason that if you’re good about paying your bills on time, and paying more than the minimum on your credit cards, you’re also financially responsible about paying your car insurance bill — and are more likely to give you cheap car insurance rates.
Below is a sampling of average rates for state minimum insurance coverage in Minnesota.
|Credit Score||Cheapest Provider||Rate for State Minimum Coverage|
|Poor 300–579||State Farm||$2,147|
Insurance for Drivers with a Clean Record
If you’re a courteous and careful driver, you can also pay less for insurance than drivers who have speeding tickets or who have caused an accident. Here again, safer drivers are lower risk and therefore pay less.
There are generally 3 types of insurance you can buy:
State minimum insurance: This is the absolute minimum amount of insurance required to legally drive in Minnesota.
Standard coverage: This is the basic level of insurance and typically covers bodily injury and property damage claims that is the fault of the covered individual. It only covers the expenses of the other driver or property owner. It does not cover the insured individual’s vehicle.
Full coverage: For an additional charge, other types of insurance including comprehensive and collision insurance are available. Collision insurance reimburses the driver for damages to their vehicle because of an accident they caused. Comprehensive insurance covers damages to the driver’s vehicle from everything other than an accident with another vehicle, including things like fire, vandalism, tornadoes or deer impacts.
Full coverage typically includes collision and comprehensive insurance along with other endorsements like rental reimbursement and emergency roadside service. Average amounts from top insurance companies in Minnesota can be found below.
|Insurance Company||State Minimum Insurance||Standard Coverage||Full Coverage|
Insurance Rates with Driving Infractions
Insurers rate different driving infractions according to different levels of severity. Speeding violations are the least severe but nevertheless can carry higher penalties depending on the rate of speed. At-fault accidents are generally viewed as moderate infractions by insurers. DUIs are the most severe — and rates jump considerably.
Below you’ll see a range of prices for the most common driving infractions from insurers across Minnesota.
|Insurance Company||At-Fault Accident||Speed Violation||DUI|
Best Car Insurance Providers in Minnesota
Despite offering the same ranges of coverage, car insurers calculate rates differently. This means you could save hundreds of dollars on your car insurance just by choosing a different provider. And while there is no best car insurance company in Minnesota for everyone’s needs, we’re committed to helping Minnesota drivers get the best deals through our comprehensive insurance reviews.
Below are our top picks for auto insurance in Minnesota.
1. Best Overall: Farm Bureau
If you live in Minneapolis-St. Paul and the surrounding area, the lowest cost insurer in the area is Farm Bureau Mutual.
Even if you live outside the Twin Cities, such as in Mankato or Bloomington, you’ll still find them to be a great deal. There are also discounts for good students, multiple car coverage, low mileage vehicles and even for bundling your home and auto insurance.
2. Cheapest Car Insurance: Acuity
Acuity provides solid standard auto insurance coverage that’s among the lowest-priced in the state. With Acuity, you don’t have to sacrifice speed for service, though. Its claims service aims to be some of the fastest around, generally putting an agent on your claim within 24 hours of submitting it.
In addition to fast claims service, Acuity is well known for its excellent customer service and responsive agents.
3. Best Coverage for Multiple Cars: State Farm
State Farm is a great choice for households in Minnesota with multiple cars and can save you up to 20%. You may also save an additional 17% by bundling policies, such as home or renters insurance and auto insurance.
Be sure to check out State Farm’s Discount Double Check to ensure you get all of the discounts that you and others on your policy qualify for. The savings can add up quickly!
4. Best for Military Personnel: USAA
USAA is well known for its commitment to military service personnel, and this commitment extends to auto insurance as well. With strong financial foundations, fast claims processing and superb customer service, USAA is consistently rated among the best auto insurance companies for military families and extended family members.
If you or your spouse is a USAA member, your children also have the option to enroll when they are of age.
5. Best for Discounts: Country Financial
Country Financial may not be the cheapest auto insurance in Minnesota, but when it comes to the sheer number of discounts you or other drivers in your household could qualify for, they’re hard to beat. For example, you not only get a discount for being a good student, but you also get a discount for being a college grad. You can also qualify for up to 25% off your insurance by being a good driver, getting a quote online and even being engaged.
Compare MN Car Insurance Quotes
Get an Auto Insurance Quote in the Land of 10,000 Lakes
If you’re wondering how to lower your car insurance in the Land of 10,000 Lakes, it doesn’t mean you have to scour the web to get 10,000 quotes from insurers. By getting a customized quote online, you may save even more than the rates shown here. Be sure to get quotes from several providers featured here for the best possible savings.
Frequently Asked Questions
Questions & Answers
It’s a good idea to purchase more than the state minimum of any type of insurance. State minimums are set relatively low to keep insurance affordable, but in the case of an accident, you can deplete your minimums quickly with expensive medical and property damage costs. Once your bills extend past the minimums, you’ll personally be liable for additional costs and damage. Get the coverage that makes sense for you here.
As mentioned earlier, insurance carriers run insurance credit scores to help determine policy premiums. Your insurance rates will likely be lower if you have an excellent credit score. On the other hand, your insurance rates may be higher if you have a poor credit score. Insurance companies believe credit scores are an indicator of whether you’ll make your insurance payments on time and credit scores combined with other data can be predictive of risk. Check out the best companies for all credit scores now.
The most common discounts available are multi-policy and auto-pay, but every company is different. Other discounts that are widely available are loyalty, good student and anti-theft device discounts. See our top providers with the best discounts and get a unique quote.
*Quotes were obtained using the following profile: base 2015 Toyota Camry, male, 40-years-old. Policies reflect state minimum coverage options. We make every effort to provide the most accurate quotes based on the profile above. Due to the many combined variables involved in insurance quotes, the only way to get an accurate quote is to enter your own information through our partners' secure websites.