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Finding Cheap Auto Insurance in Minnesota
Cheap auto insurance in Minnesota does exist, but where to start looking? We’ve evaluated the rates of 12 major Minnesota insurance companies to help you identify the cheapest options.
Related: Best Car Insurance Companies
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Cheap auto insurance in Minnesota for good drivers
Even good drivers may need to dig a little deeper into getting good auto insurance rates in Minnesota. Our analysis found that Geico Auto Insurance and State Farm Auto Insurance are among the cheapest companies. Those with a military affiliation should try USAA, which only sells to military and veterans.
Cheap car insurance in Minnesota for speeding drivers
Getting a speeding ticket in Minnesota may not affect your auto insurance rates at renewal time, but try Geico or State Farm. The military and veterans should check the USAA auto insurance rates.
Cheap Minnesota Auto Insurance For Drivers Who Have Caused In An Accident
Causing an accident that injures someone else results in an average increase of $ 950 per year in Minnesota auto insurance rates. In these cases, it is especially interesting to shop around. State Farm, Geico, and Auto-Owners auto insurance offered the best rates in our review, as well as USAA for military and veterans.
Cheap Minnesota Auto Insurance For Drivers With A DUI
There are huge disparities among Minnesota auto insurers for drivers who have a DUI conviction. If you need to find lower rates after a DUI, check out State Farm, Western National, and Progressive. Drivers with a military affiliation should always check USAA rates for good deals.
Cheap Minnesota Auto Insurance For Drivers With Low Credit
Having bad credit can result in much higher auto insurance rates in Minnesota than even causing an accident. The comparison of quotes is particularly interesting here, as the prices vary a lot. Check the rates from Geico or, if you are eligible with military affiliation, from USAA.
Cheap auto insurance in Minnesota for drivers without insurance
Having a lapsed insurance policy will result in higher Minnesota auto insurance rates of about $ 150 per year, on average. Shopping around can help reduce that bill. Our analysis revealed that Geico, USAA, State Farm, and West Bend Mutual offer competitive rates for uninsured drivers.
The cheapest vehicles to insure in Minnesota
You can potentially save money on auto insurance with the right type of vehicle. In Minnesota, the Jeep Wrangler JL Sport, Honda CR-V LX, and Subaru Crosstrek are among the cheapest vehicles for insurance, based on average prices of the top 50 selling 2021 models. The 20 cheapest are below.
The vehicles with the most expensive insurance in Minnesota among the popular models are the Lexus ES 300H ($ 2,620 per year) and the Tesla Model S Performance / Plaid ($ 3,982 per year).
Related: The most expensive and cheapest cars to insure nationwide
Minimum auto insurance required in Minnesota
Minnesota car owners must purchase auto liability insurance. This type of basic insurance covers personal injury and property damage that you cause to others. It also pays for your legal defense if someone takes legal action against you for a car accident.
If another driver crashes into your car, you can file a claim with their liability insurance or sue them.
Car owners in Minnesota must have liability coverage with at least:
- $ 30,000 for bodily injury to a person
- $ 60,000 for bodily injuries to several people in a single accident
- $ 10,000 for property damage in an accident
This is usually written as 30/60/100.
It makes sense to buy higher limits than the minimum requirements. If you cause an accident with multiple injuries, medical bills could quickly deplete minimum policy limits and you could be sued for the rest. If you have savings and assets (like a house), you’ll need sufficient liability insurance to protect them from legal judgments.
Injury Protection (PIP). This type of insurance pays you and the members of your household if you are injured in a car accident, regardless of who caused it. PIP insurance pays for medical bills, lost wages, and replacement services that you can no longer perform due to injury.
Car owners in Minnesota must have PIP coverage with at least:
- $ 40,000 per person per accident ($ 20,000 for medical expenses and $ 20,000 for non-medical expenses such as lost wages and replacement services)
Coverage for uninsured / underinsured motorists. Uninsured Motorist (UM) coverage covers medical expenses when you are struck by a driver who does not have third party liability insurance. Underinsured Motorists (UIM) coverage covers medical expenses when you are struck by a driver who does not have enough liability insurance to pay for injuries from the accident. When the liability insurance of the driver at fault is exhausted, the UIM intervenes.
Car owners in Minnesota must have UM / UIM coverage with at least:
- $ 25,000 for bodily injury to a person
- $ 50,000 for bodily injuries to more than one person in an accident
What else should I have?
Collision and full coverage. If you want coverage for your car, you will need collision and comprehensive coverage. Together, these types of insurance pay for a multitude of issues such as car accidents, auto theft, vandalism, riots, hail, floods, fires, falling objects and collisions with people. animals.
If you have an auto loan or lease, your lender or leasing company will most likely require you to purchase these types of coverage anyway.
Finding Better Auto Insurance In Minnesota
Can I show my insurance ID card from my phone?
Minnesota allows you to use your cell phone to show proof of insurance. Many auto insurers have mobile apps that include access to insurance credentials.
Factors Allowed In Minnesota Auto Insurance Rates
In addition to driving records, previous claims, and vehicle model, Minnesota auto insurance companies are permitted to use these factors when setting rates.
How many uninsured drivers are there in Minnesota?
According to the Insurance Research Council, about 10% of Minnesota drivers do not have auto insurance. This is why it is good to have your own insurance to cover the problems they cause, including PIP insurance, collision insurance, and / or uninsured motorist coverage.
Penalties for driving without automobile insurance
If you’re caught driving in Minnesota without auto insurance, you can expect a fine of at least $ 200. In addition, your driver’s license could be revoked.
When can a vehicle be totaled in Minnesota?
If your car is badly damaged in Minnesota, your auto insurance company could declare the vehicle total loss if the damage exceeds 80% of its actual dollar value. A total loss could be caused by a car accident, fire, flood or any other problem.
Resolve insurance issues
The Minnesota Department of Commerce is responsible for monitoring all insurance companies and handling consumer complaints. If you have an unresolved issue with an auto insurance company, you can file a complaint.
To find the cheapest auto insurance companies in Minnesota, we used rates from Quadrant Information Services, a provider of insurance data and analytics. Rates are based on a female driver with a clean criminal record insuring a Toyota RAV4 with $ 100,000 in bodily injury liability coverage per person, $ 300,000 per accident and $ 100,000 in property damage liability, coverage for uninsured motorist and any other coverage required in the state. The rate also includes collisions and comprehensive risks with a deductible of $ 500.
Companies assessed for Minnesota were Allstate, Auto Club Group, Auto-Owners, Geico, MetLife, North Star, Progressive, State Farm, Travelers, USAA, West Bend Mutual, and Western National.