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Average cost of car insurance in Minnesota for 2024

Updated Jun 01, 2024
Minnesota drivers pay an average rate of $693 for minimum coverage and $2,386 for full coverage car insurance.
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How much is car insurance in Minnesota?

Minnesota drivers can typically find more affordable car insurance than drivers in several other states. Minnesota's annual car insurance averages — $693 for minimum and $2,386 for full coverage — are notably lower than the national annual averages, which are $640 for minimum and $2,311 for full coverage auto insurance. Like most states, car insurance premiums in Minnesota are influenced by a number of factors and will vary by driver. Some of these factors include the kind of car you drive, the amount and types of coverage you need, the city you live in, your driving record and your age. Bankrate's insurance editorial team, which includes licensed agents with real-world insurance experience, analyzed premium data from Quadrant Information Services to help you find the best rates when looking for auto insurance in Minnesota.

Key takeaways

  • In Minnesota's most populous city, Minneapolis, drivers pay an average of $2,386 per year for full coverage and $693 per year for minimal coverage, which works out to monthly payments of $199 and $58, respectively.
  • Drivers who pay the most for auto insurance in Minnesota are 18-year-old males with their own policy at an average rate of $6,672 annually.
  • Being convicted of a DUI in Minnesota could increase your policy premium by an average of 113 percent more.
  • Drivers in the North Star State with excellent credit pay an average of $1,994 per year for full coverage — 16 percent less than the state average.

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Minnesota car insurance rates by city

Minnesota is a large state with diverse communities that range from urban to rural. Drivers in Minnesota’s bigger cities typically see more expensive premiums than those who live in rural or suburban areas, partly due to the fact that congested traffic can lead to more accidents. We broke down average rates for the 10 most populated cities in Minnesota below to give you an idea of what to expect depending on where you live. Drivers in Minneapolis can expect to pay some of the highest rates in the state — 8 percent more than the Minnesota average.

City Avg. monthly full coverage premium Avg. annual full coverage premium Avg. savings vs. state average

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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Average car insurance costs by age and gender in Minnesota

Younger drivers are considered at higher risk because of their lack of experience behind the wheel. Statistically, they are also responsible for more accidents and fatalities than other age groups, making them more expensive to insure. Most drivers will see premiums decrease as they age, as long as they maintain a good driving record and do not file a lot of claims. In many states, including Minnesota, gender also plays a role in determining premiums, with male drivers often paying slightly more than females.

Age 16*
Average annual full coverage premium in MN
$5,172
Average minimum coverage premium in MN
$1,521
Age 18
Average annual full coverage premium in MN
$6,672
Average minimum coverage premium in MN
$1,911
Age 20
Average annual full coverage premium in MN
$5,160
Average minimum coverage premium in MN
$1,380
Age 25
Average annual full coverage premium in MN
$2,945
Average minimum coverage premium in MN
$781
Age 30
Average annual full coverage premium in MN
$2,495
Average minimum coverage premium in MN
$668
Age 40
Average annual full coverage premium in MN
$2,388
Average minimum coverage premium in MN
$663
Age 50
Average annual full coverage premium in MN
$2,200
Average minimum coverage premium in MN
$637
Age 60
Average annual full coverage premium in MN
$2,105
Average minimum coverage premium in MN
$616
Age 70
Average annual full coverage premium in MN
$2,246
Average minimum coverage premium in MN
$674
Age 40
Average annual full coverage premium in MN
$2,388
Average minimum coverage premium in MN
$663
Age 50
Average annual full coverage premium in MN
$2,200
Average minimum coverage premium in MN
$637
Age 60
Average annual full coverage premium in MN
$2,105
Average minimum coverage premium in MN
$616
Age 70
Average annual full coverage premium in MN
$2,246
Average minimum coverage premium in MN
$674
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 16*
Average annual full coverage premium in MN
$4,776
Average minimum coverage premium in MN
$1,546
Age 18
Average annual full coverage premium in MN
$5,992
Average minimum coverage premium in MN
$1,879
Age 20
Average annual full coverage premium in MN
$4,587
Average minimum coverage premium in MN
$1,365
Age 25
Average annual full coverage premium in MN
$2,795
Average minimum coverage premium in MN
$822
Age 30
Average annual full coverage premium in MN
$2,471
Average minimum coverage premium in MN
$725
Age 40
Average annual full coverage premium in MN
$2,384
Average minimum coverage premium in MN
$722
Age 50
Average annual full coverage premium in MN
$2,166
Average minimum coverage premium in MN
$690
Age 60
Average annual full coverage premium in MN
$2,126
Average minimum coverage premium in MN
$669
Age 70
Average annual full coverage premium in MN
$2,276
Average minimum coverage premium in MN
$731
Age 40
Average annual full coverage premium in MN
$2,384
Average minimum coverage premium in MN
$722
Age 50
Average annual full coverage premium in MN
$2,166
Average minimum coverage premium in MN
$690
Age 60
Average annual full coverage premium in MN
$2,126
Average minimum coverage premium in MN
$669
Age 70
Average annual full coverage premium in MN
$2,276
Average minimum coverage premium in MN
$731
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
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Bankrate’s take: Like every state besides California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania, Minnesota allows insurance companies to use gender as a rating factor for car insurance. According to the Insurance Institute for Highway Safety (IIHS), men not only tend to drive more, but they are also more likely to speed, drive impaired and not wear a seatbelt. These behaviors directly impact the risk of accidents, leading to increased insurance premiums for male drivers. However, by age 30, male drivers in Minnesota start paying less for insurance than their female counterparts.

Cost considerations for young drivers in Minnesota

In Minnesota, drivers aged 16 to 17 must be covered by their parents' or legal guardians' car insurance policy. But, if they are able, they may want to consider remaining on that policy even after they turn 18 and are free to purchase their own auto insurance. As you can see from the chart below, average rates are much lower for a young driver on their parents' car insurance than they are if they have a solo policy.

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Age 16*
Avg. annual premium for drivers in MN
$4,974
Age 17
Avg. annual premium for drivers in MN
$4,480
Age 18
Avg. annual premium for drivers in MN
$4,100
Age 19
Avg. annual premium for drivers in MN
$3,586
Age 20
Avg. annual premium for drivers in MN
$3,427
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 18
Avg. annual premium for drivers in MN
$6,332
Age 19
Avg. annual premium for drivers in MN
$5,279
Age 20
Avg. annual premium for drivers in MN
$4,874
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age Avg. annual premium difference for drivers on their own policy
Age 18 54 percent more
Age 19 47 percent more
Age 20 42 percent more

*18- and 20-year-old are renters on their own policies with no discounts applied

How does driving record impact the cost of car insurance in Minnesota?

Insurance companies, which are in the business of risk management, prefer to insure safe drivers and typically reward them with some of the best car insurance rates. On the other hand, an accident or speeding ticket could raise your premiums considerably. Per the table, a single DUI conviction, one of the most serious traffic violations, could raise your rates by an average of 113 percent more, in addition to whatever state-mandated fines or penalties you incur. Additionally, several driving infractions (or even one serious infraction) could mean insurance companies will consider you a high-risk driver, which will make finding affordable car insurance a bit more challenging.

Clean driving record
Avg. annual premium* in MN
$2,386
Percentage increase from MN avg. annual premium*
0%
Avg. annual premium* in MN
$2,923
Percentage increase from MN avg. annual premium*
23%
Avg. annual premium* in MN
$3,417
Percentage increase from MN avg. annual premium*
43%
Avg. annual premium* in MN
$5,073
Percentage increase from MN avg. annual premium*
113%
*The rates reflected are for full coverage policies.

Car insurance rates in Minnesota by credit tier

Insurers prefer working with drivers who have high credit-based insurance scores, because studies show that they tend to file fewer claims. If you have poor credit, your insurer may be concerned that you'll file more claims; to account for this increased risk, drivers whose credit falls into the poor range could pay around 136 percent more than drivers with so-called “good” credit. This average increase is nearly on par with what a driver convicted of a DUI pays on average, so it might be worth working with a certified financial planner to see what steps you can take to improve your credit.

Avg. annual premium* in MN
$5,625
Percentage difference from MN avg. annual premium*
136%
Average
Avg. annual premium* in MN
$2,703
Percentage difference from MN avg. annual premium*
13%
Avg. annual premium* in MN
$2,386
Percentage difference from MN avg. annual premium*
0%
Excellent
Avg. annual premium* in MN
$1,994
Percentage difference from MN avg. annual premium*
-16%
*Rates reflect full coverage policies.

Minnesota car insurance rates by vehicle type

The make and model of your car impact your car insurance premium significantly. Cars that have statistically fewer accidents, as well as cars that are cheaper to repair, may see cheaper auto insurance rates. At the same time, a pricey sports car that requires imported parts and has a higher accident rate is likely to be more expensive to insure.

Avg. annual premium* in MN
$2,386
Avg. annual premium* in MN
$2,148
Avg. annual premium* in MN
$2,081
BMW 330i
Avg. annual premium* in MN
$2,936
Toyota Prius
Avg. annual premium* in MN
$2,430
*Rates reflect full coverage policies.

Estimate your car insurance cost in Minnesota

Knowing what you can expect to pay for car insurance can be a great place to start when shopping for a new policy. That is why Bankrate created the handy estimation calculator tool below. After entering some basic information, you'll see a rough insurance premium estimate. While this is not an exact quote, it can give you a good idea so you can budget accordingly.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

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How to save on car insurance in Minnesota

There's nothing you can do about some factors that impact your car insurance rates, like your age and location, but there may be other ways to lower your car insurance rates in Minnesota.

  • Get quotes periodically: Make it a habit to check other carriers’ auto insurance rates every six to 12 months. If you periodically get car insurance quotes from other carriers, you may find better rates from a different company and could find it worthwhile to switch carriers.
  • Ask for discounts: Nearly all car insurance companies provide discount opportunities that can help you score lower premiums. For example, you may be able to get a rate reduction for setting up automatic payments, bundling your vehicle and home insurance, staying with the s