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Minnesota Average Cost of Car Insurance Rates (2022)

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Courtney Roy

By: Courtney Roy

Edited by John Leach | Reviewed by licensed insurance agent, Amber Benka

Last Updated March 9, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

How Much Does Car Insurance Cost In Minnesota?

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.

0.1%2.3%15.9%50%84.1%97.7%99.9%Average cost: $16950%

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.

Best Minnesota Auto Insurance Rates

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.

Cheapest CompaniesQuotes
Progressive$55
State Farm$103
Allstate$115
Travelers$123
Nationwide$130

Minnesota Car Insurance Rates by City

For drivers in Minnesota, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Based on internal Insurify data, here are the average cost of car insurance rates for drivers in the top 10 cities in Minnesota.

CityAvg. Monthly Rate
Burnsville$174
Duluth$137
Eden Prairie$151
Hopkins$158
Lakeville$155
Mankato$148
Minneapolis$186
Rochester$135
Saint Cloud$158
Saint Paul$188

What Is the Average Cost of Car Insurance in Minnesota by Age?

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.

AgeAvg. Monthly Rate
Teens$322
20s$196
30s$153
40s$158
50s$154
60s$123
70s$107
>80s$113

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What Is the Average Cost of Car Insurance in Minnesota by Gender?

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.

GenderAvg. Monthly Rate
Male$168
Female$168

Does Marital Status Influence the Average Cost of Car Insurance in Minnesota?

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.

Marital StatusAvg. Monthly Rate
Married$164
Single$169

Minimum Car Insurance Requirements in Minnesota

All motor vehicles operated or parked on Minnesota roadways are required to be insured. Proof of insurance must be carried in your car at all times and must be available when:

  • Requested by law enforcement
  • Renewing vehicle registration
  • The vehicle is involved in a car accident

The minimum liability insurance requirements for private passenger vehicles in Minnesota[1] are:

  • $30,000 per person for bodily injury
  • $60,000 per accident for bodily injury

As a major part of your liability insurance, bodily injury coverage covers medical bills for people other than the policyholder who are injured during an accident. Minnesota is a no-fault state, meaning both parties’ insurance providers will pay for expenses, regardless of which party caused the accident.

  • $10,000 per accident for property damage

If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident.

  • $40,000 per accident for PIP

Personal injury protection coverage, also referred to as PIP coverage, will cover the policyholder for medical payments they incur in the event of an accident. Depending on your plan, you may also receive non-medical benefits, compensating you for lost wages, household expenses, and even funeral costs.

  • $25,000 per person for uninsured/underinsured motorist bodily injury
  • $50,000 per accident for uninsured/underinsured motorist bodily injury

Uninsured and underinsured motorist coverage pays for costs caused by a driver with little or no insurance after a car accident. In Massachusetts, drivers are required to purchase this coverage for bodily injuries.

How Does Credit History Affect Minnesota Car Insurance Rates?

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.

Credit HistoryAvg. Monthly Rate
Poor$170
Average$176
Good$159
Excellent$125

What Is the Average Cost of Car Insurance in Minnesota for High-Risk Drivers?

"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.

Driving HistoryAvg. Monthly Rate
No Violation$166
At-Fault Accident$166
Speeding$196

Tips for Researching Minnesota Car Insurance Rates

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.

Top Auto Insurance Companies

Compare Top Auto Insurance Companies

Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies

FAQs - Minnesota Car Insurance

  • There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.

  • Auto insurance costs will vary between locations and insurance carriers, depending on the county Minnesota. Insurify analyzed the latest data for the five most populous cities in Minnesota to find you the cheapest quotes in each of these metropolitan areas.

  • The way to find the carrier with the best auto insurance ratings in Minnesota and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.

  • During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.

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Methodology

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.

Courtney Roy
Courtney Roy

Content Writer at Insurify

Courtney Roy is a financial and technology writer. He creates content that makes an actionable difference in the lives of his readers by helping them understand matters of personal finance. In addition to years of experience across multiple industries, Courtney has insurance licenses, a real estate license, and a degree in electrical engineering.

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Sources

  1. Minnesota Department of Commerce. "State Minimum Car Insurance Requirements." Accessed May 28, 2022