Cheap Car Insurance in MN

Achieve the lowest car insurance rates in the state of Minnesota

There is no trick to finding the cheap car insurance in MN. You have to be consistent in your search and willing to spend time gathering information. It can be a challenge, but the lower premiums you’ll end up paying as a result are worth it.

To be as efficient in your search as possible, there are some factors you will need to consider. Proper coverage, rates, discounts, and deductibles are all going to have a significant impact on your final cost. Spend a few moments doing your research, and you could end up saving $300’s or even $1,000’s in premiums over the course of the next 12 months.

Minnesota Car Insurance Laws

Knowing the car insurance laws and requirements of your state may help you to make a cost-effective decision regarding your coverage. The state of Minnesota requires all licensed vehicles to carry insurance. Minnesota drivers are also required to carry proof of insurance in their vehicle at all times. All drivers in the state are required to carry Personal Injury Protection (PIP), Uninsured and Underinsured Motorist Coverage (UM/UIM), as well as Liability coverage. It is illegal for any driver in the state of Minnesota to drive with no insurance or to allow someone else to drive their car with no insurance. The penalty for driving uninsured in the state of Minnesota may come in the form of loss of driving privileges, fines, or possibly jail time.

Minimum coverage requirements in MN:

  • Liability
  • $30,000 for one person injured
  • $60,000 for two or more people injured
  • $10,000 in property damage liability
  • Personal Injury Protection
  • $40,000 per person per accident ($20,000 for hospital/medical expenses and $20,000 for non-medical expenses)
  • Uninsured Motorist Coverage
  • $25,000 for one person injured
  • $50,000 for two or more people injured
  • Underinsured Motorist Coverage
  • $25,000 for one person injured
  • $50,000 for two or more people injured

Liability insurance is what covers a driver when the accident is their fault. The state of Minnesota has set the minimum liability coverage as $30,000 for injuries to one person, $60,000 for injuries to two or more people, and $10,000 for physical damage to the other vehicle or for damage to property. Personal Injury Protection is also known as “No-Fault” coverage because it is used no matter whose fault the accident is. This coverage will pay for you and others in your household if an accident. This No-Fault coverage began in 1974 and since then both residents and non-residents of the state of Minnesota have been required to purchase this coverage. The minimum coverage set by the state of Minnesota for Personal Injury Protection is as follows: $40,000 per person per accident which breaks down to $20,000 for hospital and/or medical expenses and $20,000 for non-medical expenses such as lost wages, replacement services, etc. Uninsured coverage kicks in once Personal Injury Protection has been exhausted when the other driver at fault does not have insurance.

The minimum plan for Uninsured coverage in the state of Minnesota is $25,000 for injuries to one person and $50,000 for injuries to two or more people. Underinsured coverage, like Uninsured coverage, takes effect once Personal Injury Protection is depleted, when the at-fault driver or party does not have enough Liability coverage to pay for the medical expenses of the other vehicle’s occupants. The state of Minnesota has set the minimum for Underinsured coverage as $25,000 for injuries to one person and $50,000 for injuries to two or more people. Out-of-state residents are covered by Minnesota insurance policy when traveling through Minnesota if their policyholder/insurer is certified with the State of Minnesota.

Along with the car insurance coverage required by Minnesota law, there are other optional types of coverage you can add to your policy. Before deciding on car insurance, you may want to do a little research and find the policy that meets the individual needs of you and your family.

When you get your Minnesota car insurance policy, read it carefully and make sure it contains the coverage you requested. Don’t hesitate to contact your car insurance agent with any questions or concerns about your policy.

In addition, it’s a good idea to review your car insurance policy once a year. Update any personal information necessary, and adjust any of the policy limitations, so they reflect you and your family’s current situation.

Do I Need Collision And Comprehensive Insurance Coverage?

While not required by Minnesota law, it may be a good idea to include a comprehensive and collision coverage on your insurance policy.

Comprehensive car insurance will provide you with coverage if your car gets any damage as a result of falling objects, fire, vandalism, certain natural disasters, glass damage, and any damage caused if you hit an animal.

Collision coverage will provide repair or replacement cost of your car if it was in an accident with another car, object, or has rolled over.

The choice to have collision and comprehensive coverage is yours. However, it may be a good investment if you have a newer car. In addition, if your car is leased or financed, your bank or other lending institution may require that you carry comprehensive and collision coverage.

Minnesota Car Insurance Rates

Minnesota car insurance rates can vary greatly, and it pays to shop around and do a side-by-side comparison of not only the premium but the amount of coverage you’re being offered.

After a long period of rising car insurance costs, the availability of the Internet has driven car insurance rates downward since 1999. Car insurance companies have had to lower their rates to be competitive in the marketplace.

Don't let car insurance companies charge you more just because you are living in a large metro area of Minneapolis or St. Paul. They probably told you that the chances of an accident are more likely, making you think you are stuck with the higher cost of insurance. Even if you are in a small city, you may think your car insurance choices are limited, but it is not! Any company that does insurance in Minnesota can ensure your automobile and trucks for you.

Average car insurance cost in Minnesota:

Description Price
Minnesota Minimum Car Insurance Coverage $788 - $1,013
Minnesota Minimum Full Coverage Car Insurance $1,465 - $1,697
Minnesota Minimum Car Insurance Coverage for Young Drivers $1,508 - $1,754
Minnesota Minimum Full Coverage Car Insurance for Young Drivers $2,185 - $2,408
Average car insurance in Minnesota per month $65 - $200

Car Insurance Companies in Minnesota

Minnesota residents have many car insurance companies to choose from. Companies like Geico, Allstate, State Farm, and others are all eager to sell your car insurance. Many of these companies get high marks from independent insurance rating agencies such as A.M. Best and Moody’s. Deciding on the best insurance company for you doesn’t have to be difficult.

Before purchasing your Minnesota car insurance you may want to do a little side-by-side comparison of rates and the types of coverage you are being offered. A few minutes online at A.M. Best’s website can tell you the financial strength of any car insurance company you may be considering. These are all important factors to consider when buying car insurance.

Switching Car Insurance Companies in Minnesota

A lot of consumers find that they can save money by switching to car insurance companies that are cheaper. Do not cancel your current car policy without having another policy in place. You never want any gaps in coverage. Compare rates and reputation of Minnesota car insurance companies online with ease.

An easy way to compare the cost is to get free car insurance quotes. There are large recognized sites match you up with multiple companies, and you decide which one you want to ensure your car. Remember to check your local BBB to see if there are an abnormal number of car insurance complaints about the company you are considering. Keep in mind, if the company is a national company such as AIG or Mercury Insurance, you may see more complaints simply because there are more customers.

Car Insurance Quotes in Minnesota

Average car insurance quotes for Minnesota car insurance companies

Rank Car Insurance Company Name Price
1 State Farm $687
2 GEICO $696
3 American Family $754
4 Farm Bureau Mutual $769
5 USAA $782
6 American Family $853
7 Farmers $871
8 Progressive $902
9 Allied $939
10 Allstate $1,126
11 MetLife $1,544
12 Encompass $1,779

Find The Best Cheap Indiana Car Insurance Quotes

The secret to finding cheap Minnesota car insurance is to first determine how much coverage you need, over and above the minimum amount required by state law, and find a car insurance company that offers you the best rate.

There are things you can do, however, to lower the cost of your Minnesota car insurance premium.

  1. Shop around. Car insurance rates vary from company to company, and the widespread use of the Internet has driven rates down. Don’t shop by rates alone. Do a side by side comparison of the different MN car insurance quotes and the coverage they are offering you.
  2. Maintain a good driving record and be a safe driver.
  3. Avoid making small claims for repairs or replacements if you can cover the costs on yours. This will also make you eligible for a 'no-claims' bonus every year.
  4. Main a good credit record and fix any errors immediately if you happen to have any.
  5. Compare the cost of insurance before you buy your car. MN car insurance premiums are based in part on the sticker price of the car, and the costs required to make repairs, the safety record of the vehicle, and how likely it is to get stolen. A luxury car, sports car, or SUV will be more to insure than a sedan, or more modest vehicle.
  6. Review your policy regularly to determine if you can get rid of any optional coverage
  7. Elect higher deductibles on your Minnesota car insurance policy. By increasing your deductible from $300.00 to $600.00 may reduce your collision and comprehensive car insurance by 20 to 50 percent.
  8. If you have an older car, you may want to reduce the amount of comprehensive or collision coverage or drop it all together. A good rule of thumb is that if your car is worth less than 10 times the premium you pay for car insurance, having collision and comprehensive coverage may not be worthwhile.
  9. If you ensure your home and cars with the same insurance company, you may get a discount. The same would apply if you insure more than one car with the same insurer. Many Minnesota car insurance companies offer multi-car discounts.
  10. Ask your insurance provider about discounts on anti-theft devices, low-mileage and more.
  11. Ask about other discounts available to you. Many car insurance companies offer good student discounts, safe driving discounts, and other programs.

Choosing Your MN Car Insurance Coverage

It is mandatory for Minnesota motorists to have a certain amount of liability coverage. Depending on your car’s age and condition, you may find it unnecessary to keep collision coverage. If your car is not worth the Blue Book Value, it may not be worth it since collision insurance covers repairs to your car in an accident. Removing this coverage from your policy will reduce your premium.

Regardless of the type of car, you drive the minimum amount of liability coverage is required. If you own your car you and it is not worth the Blue Book price, consider carrying only liability insurance. It will greatly reduce your rate and will keep you legal as you drive.

Just keep in mind that minimum rates may not provide the financial help you’ll need if an accident. Try to determine how much help you’ll really need in that event.

Search For The Best MN Car Insurance Rates

Car insurance companies are competitive. They each want to convince you that they have the best rates, coverage, and customer service available. If you really want cheap insurance rates you have to shop around. Contact a few insurance companies in your area to get quotes. Enlist the help of an car insurance broker who can check the rates of all the companies he represents. Make sure to go online as well to check rates and compare the rates you have under your current coverage with other companies. By contacting several companies, you will have a better idea of the cheap car rates available.

Ask About Car Insurance Discounts in MN

Most car insurance companies offer discounts to reward their customer’s responsibility. These discounts can give you the cheap MN car insurance rates you’ve been looking for. Ask your car insurance company to send you a list of the discounts they offer. You may qualify for multiple discounts.

For example, if you are married and you and your spouse each have your car, qualify for multiple drivers and multiple car discounts. If you are a homeowner and decide to transfer your homeowner’s policy to your car insurance provider, you can get a multi-policy discount on top of that.

Drivers that complete a driving course can receive a discount and students who keep a grade of “B” or better receive a discount as well.

Increase Your Deductible

This is the simplest, most noticeable change you can make toward reaching your goal of cheap Minnesota car insurance. Your deductible is the amount you pay out of pocket to cover damages done to your vehicle. By raising your deductible you could end up saving up to 50 percent on your car insurance premium.

Just be sure that you have the financial ability to meet that deductible if you should need to. One smart idea is to have an emergency fund set aside in an accessible savings account that covers deductibles for your various insurance and medical policies.

Choose your vehicle wisely

Certain vehicles cost more to insure than others. If you purchase an expensive car it will cost more to ensure it. If you are concerned about Minnesota car insurance rates, you should do your research to find out which cars are the least expensive to cover. Pay attention to any special features. Many of these features are what will inflate your car insurance premium.

  • Hi-performance vehicles
  • Luxury cars
  • Cars with added technology features
  • Large SUVs Compact cars
  • Cars associated with a high incidence of theft

Cars that cost the least to ensure are less likely to be involved in an accident or theft claims. They don’t cost very much to repair after an accident, and they don’t create much damage to other cars when involved in an accident. Research the rates of the car you are considering before you make your purchase.

Eric Gould