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Average cost of car insurance in Minnesota for 2023

Minnesota drivers pay an average rate of $585 for minimum coverage and $1,760 for full coverage car insurance.

Updated Jul 24, 2023
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How much is car insurance in Minnesota?

Car insurance rates in Minnesota, like most states, are influenced by a number of factors and will vary by driver. Some of these factors include what kind of car you drive, the amount and types of coverage you need, what city you live in, your driving record and your age. Understanding how some of these things can influence your premium could help you find the best rates when looking for auto insurance in Minnesota. It’s worth noting that many Minnesota drivers can typically find more affordable car insurance than drivers in several other states. Minnesota's annual car insurance averages—$585 for minimum and $1,760 for full coverage—are notably lower than the national annual averages, which are $622 for minimum and $2,014 for full coverage auto insurance.

Avg. minimum coverage premium in Minnesota Avg. annual full coverage premium in Minnesota
$585 $1,760
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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.

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Insurance Disclosure

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.

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 five 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 at three percent above the Minnesota average.

Minnesota city Avg. annual full coverage premium Percentage change from Minnesota avg. annual full coverage premium
Duluth $1,689 -4%
Lakeville $1,704 -3%
Minneapolis $1,809 3%
Saint Cloud $1,677 -5%
Saint Paul $1,791 2%

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 premium rates, with male drivers often paying slightly more than females.

Age Average monthly full coverage premium in Minnesota Average annual full coverage premium in Minnesota
Age 16* $303 $3,630
Age 18 $434 $5,205
Age 20 $333 $3,996
Age 25 $186 $2,228
Age 30 $152 $1,829
Age 40 $146 $1,751
Age 50 $134 $1,612
Age 60 $130 $1,559
Age 70 $140 $1,679

*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 Average monthly full coverage premium in Minnesota Average annual full coverage premium in Minnesota
Age 16* $282 $3,383
Age 18 $365 $4,375
Age 20 $282 $3,382
Age 25 $171 $2,049
Age 30 $152 $1,819
Age 40 $147 $1,766
Age 50 $136 $1,637
Age 60 $131 $1,577
Age 70 $140 $1,681

*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.

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.

Age Avg. annual premium for drivers on their parents' policy in Minnesota Avg. annual premium for drivers on their own policy in Minnesota
Age 16 $3,507 N/A*
Age 17 $3,236 N/A*
Age 18 $2,980 $4,790
Age 19 $2,746 $4,098
Age 20 $2,505 $3,689

*16- and 17-year-old drivers must be on their parents’ or legal guardian’s policy.

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. As you can see by the table below, a single DUI conviction, one of the most serious traffic violations, could raise your rates by an average of  95 percent, 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.

Driving incident Avg. annual full coverage premium in Minnesota Percentage increase from Minnesota avg. annual full coverage premium
Clean driving record $1,760 0%
Speeding ticket $2,156 23%
Accident $2,494 42%
DUI $3,440 95%

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 87 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.

Credit tier Avg. annual full coverage premium in Minnesota Percentage change from Minnesota average annual full coverage premium
Poor $3,287 87%
Average $1,922 9%
Good $1,760 0%
Excellent $1,544 -12%

Minnesota car insurance rates by vehicle type

The make and model of your car impacts your car insurance premium significantly. Cars that have statistically fewer accidents, as well as cars that are cheaper to repair, may see decreased 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.

Vehicle Avg. annual full coverage premium in Minnesota
Toyota Camry $1,760
Ford F-150 $1,484
Honda Odyssey $1,536
BMW 330i $2,255
Toyota Prius $1,854

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 as compared to what you currently pay. If you periodically get car insurance quotes from other carriers, you may find better rates from a different company that makes it worthwhile to switch carriers.
  • Ask for discounts: Nearly all car insurance companies provide some discounts that can help you 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 same provider over time or even for switching companies.
  • Buy insurance with accident forgiveness: An accident could raise your premiums up to 42 percent in Minnesota, on average. Opting for coverage with an accident forgiveness endorsement could protect you from a steep increase if you are rarely involved in an accident.

Estimate your car insurance cost in Minnesota

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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.

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Written by
Mary Van Keuren
Contributor, Insurance

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Senior Editor, Insurance