On average, car insurance rates for drivers in Minnesota are $169 per month, and $2027 per year. The average rates make Minnesota the 35th most expensive state in the country for car insurance rates and 32% less expensive than the national average.
Keep in mind that average auto insurance costs are determined by factors other than location. Based on your driving history, credit score, age and marital status you should be able to find insurance quotes and discounts so that your monthly payment is less than the averages cited here. Click the button below to get personalized insurance quotes from top providers like Progressive, Allstate and Nationwide.
Insurify's comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than the average price in your state, and customers save $48 per month on average.
Insurify analyzed car insurance rates in the twenty most populous cities in Minnesota and has selected the following providers and quotes as the best rates for drivers in Minnesota.
With average monthly rates of $322, a part-time working teenager might be hard-pressed to gather enough cash to pay for car insurance. Young adults in their 20s see a reduction of more than $125 as they add to their driving experience.
Minnesotans in their 30s, 40s, and 50s find a price that slides under the state average. It's not until you pass retirement that you see stellar savings at 70. Even those in their 80s are pretty happy when they find out how much all the young people pay.
Minnesota truly embraces gender equality! In many states, men pay slightly more on average for car insurance than women do. But men and women pay precisely the same in the North Star State.
Minnesota's car insurance prices are already pretty low, but an exchange of vows saves you $5 more per month.
Most financial experts and economists agree that marriage is a great way to save. They point out that married couples have a higher average net worth and greater stability. Five dollars a month won't make anyone jump the broom, but every bit helps when you’re trying to save a buck.
Minnesota is a no-fault state, which means drivers file with their own insurance company after an accident. You must have $30,000 in bodily injury liability per person and $60,000 per accident, $10,000 in property damage liability per accident, $25,000 in uninsured/underinsured motorist bodily per person, $50,000 in underinsured motorist bodily per accident, and $40,000 in personal injury protection (PIP) per person per accident. To cover your vehicle, pick up comprehensive and collision coverage.
Does good credit make you a better driver? Many Minnesota residents would argue no, but the insurance companies say otherwise. Like most in the U.S., the state allows insurance companies to rate people based on their credit.
After looking at the table, you may wonder why people with average credit pay more than those with poor credit. Minnesotans with better credit finance more expensive cars and buy higher levels of coverage. That said, getting your credit score above 800, which is excellent, will save you $51 per month over those with average credit.
"Safety first" is not just a mantra that saves lives. It also saves money. Common sense tells us that the safest drivers will pay the least, and safe drivers qualify for "good driver" and "accident-free" discounts. But what if your record is less than perfect?
Drivers with a speeding ticket in Minnesota will pay $29 more per month on average—plus fines. Drivers with an at-fault accident on their insurance record should also expect their monthly rates to increase. Accidents happen, but driving safely and keeping a clean record are the best ways to avoid rate hikes. Remember, violations and accidents will stay on your insurance history for years to come. Still, you can still take a defensive driver course to reduce your monthly payment.
The North Star State’s prices and premiums vary by location, company, and vehicle. Minnesota's population is growing as more residents move to the state. Will car insurance rates head in the same direction?
While you're hoping for a budget-friendly future, try Insurify’s comparison tool. You'll get 10+ real quotes and unlock savings and discounts. In less than two minutes, find the coverage you deserve at a price you can afford.
The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.
Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.
With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.