In Minnesota, drivers with spotless records make an average of $115 per month. Minnesota has more extensive insurance requirements for drivers than some other states because it is a no-fault state. The average yearly cost of full coverage auto insurance for drivers in Minnesota is $1,391, while the state minimum insurance costs $698. USAA provided the most affordable minimum liability insurance rates, while State Farm had the most affordable average comprehensive coverage. Progressive was the most expensive minimum insurance provider, but Allstate offered the highest annual full coverage.
Top 5 Best Car Insurance in Minnesota:
| Provider | Customer Satisfaction Rating (J.D. Power) | Estimated Annual Full Coverage | Estimated Annual Minimum Liability Coverage |
|---|---|---|---|
| USAA | 895/1,000 | $1,050/year | $380/year |
| American Family | 840/1,000 | $1,200/year | $625/year |
| State Farm | 830/1,000 | $1,030/year | $470/year |
| Auto-Owners | 827/1,000 | $1,390/year | $415/year |
| GEICO | 815/1,000 | $1,480/year | $620/year |
| Allstate | 802/1,000 | $1,890/year | $960/year |
| Progressive | 805/1,000 | $1,120/year | $1,060/year |
Top 5 Best Car Insurance in Minnesota in detail:
USAA: Highest customer satisfaction
In Minnesota, USAA has the highest customer satisfaction rating. It is not the most reasonably priced full coverage carrier in the state, despite having the least expensive basic coverage. If you are eligible, USAA provides a good selection of standard coverages; but, plans are only accessible to active and retired military personnel, as well as their families.
State Farm: Most affordable coverage
In Minnesota, State Farm offers full coverage car insurance at the lowest possible cost. While its basic coverage only costs $476 annually on average—the third-lowest—customers pay an average of $1,022 annually for comprehensive coverage. According to our ranking of the best car insurance in Minnesota, State Farm also has the third-highest customer satisfaction rating.
Auto-Owners: Best budget pick
Mutual insurance provider Auto-Owners offers property, life, and carinsurance. Auto-Owners exclusively offers insurance through independent agents, and their coverage is offered in 26 states, including Minnesota. Its basic coverage, at an average of $420 per year, was the lowest that was offered to all Minnesotans, despite its complete coverage being more costly, costing $1,407 yearly.
Allstate: Best for coverage options
With an average yearly cost of $1,908, Allstate’s full coverage insurance is the most costly in Minnesota. At $973 per year on average, it also had the second-highest minimum cost for car insurance. Its significant savings, such as a vanishing deductible, and range of coverage options may make it a desirable choice for some individuals despite its higher cost.
Progressive: Best for high-risk drivers
Minnesota’s high-risk drivers pay an average of $2,046 per year for car insurance. Looking at Progressive can be a good idea for drivers with DUIs, multiple speeding tickets, or at-fault incidents because the company offers high-risk plans and will file SR-22 forms. At an average of $1,141 per year, it also had the third-lowest full coverage cost in Minnesota.
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Minnesota auto insurance requirements
In Minnesota, drivers are required to carry insurance, just like in other states around the US. But because Minnesota is a no-fault state, drivers there are required to carry higher limits of coverage than in other states.
- In order to be able to drive in Minnesota, you need to:
- Per individual and per accident, personal injury protection (PIP) is worth $40,000.
- $30 000 coverage for one person’s physical harm.
- $60,000 in protection against physical harm for two or more persons.
- $10,000 coverage for property damage.
- One person’s $25,000 worth of uninsured/underinsured motorist protection.
- $50,000 per person for underinsured/uninsured motorist protection.
How Minnesotans should select car insurance company
To make sure you obtain the correct coverage at the right price while looking for a new car insurance company, take into account the following advice.
Examine financial stability: Before beginning an insurance policy, visit a website such as Standard & Poor’s or AM Best to ascertain the company’s financial stability. If you want to be sure a business is licensed in Minnesota, you should also verify with the Minnesota Department of Commerce or the National Association of Insurance Commissioners (NAIC).
Compare these quotes: Compare the quotes you receive from at least three different firms to be sure the coverage options, policy amounts, and discounts are comparable. For a precise comparison, confirm that the policy types and amounts correspond to those of your existing insurance.
How much does Minnesota car insurance cost?
In Minnesota, the average annual premium for full coverage car insurance is $1,391, while the national average is $1,582. In Minnesota, the average annual cost of minimum coverage is $698.
Minneapolis drivers are expected to spend the highest ($1,844 annually for full coverage), significantly more than the average for the state. At $1,394 on average each year, drivers in Rochester are perhaps the least likely to pay.
City-by-city rates for Minnesota car insurance
Your age, driving record, credit score, and other variables can all affect how much your insurance will cost. Higher rates can also be attributed to your city’s population, as more drivers generally cause more accidents.
For instance, according to NeighborhoodScout, Brooklyn Park, with its 84,526 residents, is the sixth-largest community in Minnesota. The average annual cost of full coverage car insurance for residents is $1,818. However, Saint Cloud, the 12th largest municipality in Minnesota with 68,818 residents, pays an average of $1,758 a year for complete coverage.