How Much Does Car Insurance Cost In Minnesota?

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Average Cost of Car Insurance 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 then 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.

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

Progressive

$55/mo
state-farm

State Farm

$103/mo
allstate

Allstate

$115/mo
travelers

Travelers

$123/mo
nationwide

Nationwide

$130/mo

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

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

What Are the Minimum Car Insurance Requirements in Minnesota?

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.

minnesota

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

Why is car insurance so expensive in Minnesota?

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.

Do car insurance rates vary by county in Minnesota?

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.

Which providers have the best auto insurance ratings in Minnesota?

'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.'

How much do annual auto insurance rates increase in Minnesota?

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.