Skip to Main Content
Powered by Coverage.com (NPN: 19966249)

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 cost of car insurance in Minnesota for 2024

Minnesota drivers pay an average rate of $650 for minimum coverage and $2,044 for full coverage car insurance.

Updated Feb 23, 2024
Pay less for auto insurance
A better rate is around the corner. See how much you could save in 3 minutes or less.
Location-Icon
Lock Secure Your information is secure
Badge No spam. No fees. No surprises.
Compare quotes from reliable carriers
+ MORE
User
Provide some info to get offers
We only ask for info that can impact your rate so we can share accurate and personalized offers.
Insurance Auto
Select your policy
Compare and move forward with as many offers as you want from a list of trusted carriers.
Congrats
Settle your rate and policy details
Once you’ve decided on a carrier, wrap up the process online or on the phone with a trusted agent. 

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 — $650 for minimum and $2,044 for full coverage — are notably lower than the national annual averages, which are $741for minimum and $2,545 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 $2,044 per year for full coverage and $650 per year for minimal coverage, which works out to monthly payments of $170 and $54, 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 $6,114 annually.
  • Being convicted of a DUI in Minnesota could increase your policy premium by an average of 92 percent more.
  • Drivers in the North Star State with excellent credit pay an average of $1,731 per year for full coverage — 15 percent less than the state average.

What would you like to do today?

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 — 3 percent more than the Minnesota average.

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

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers.
Caret DownCaret Up
Please select age
Location-Icon
Lock Secure Your information is secure
SAVE WITH TRUSTED PROVIDERS
Powered by Coverage.com (NPN: 19966249)
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.

Badge No spam. No fees. No surprises.
Caret Left Back
Advertising Disclosure
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.
Choose from offers in
Powered by Coverage.com (NPN: 19966249)
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.

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
$4,165
Average minimum coverage premium in MN
$1,375
Age 18
Average annual full coverage premium in MN
$6,114
Average minimum coverage premium in MN
$1,883
Age 20
Average annual full coverage premium in MN
$4,564
Average minimum coverage premium in MN
$1,278
Age 25
Average annual full coverage premium in MN
$2,530
Average minimum coverage premium in MN
$712
Age 30
Average annual full coverage premium in MN
$2,125
Average minimum coverage premium in MN
$621
Age 40
Average annual full coverage premium in MN
$2,035
Average minimum coverage premium in MN
$614
Age 50
Average annual full coverage premium in MN
$1,861
Average minimum coverage premium in MN
$580
Age 60
Average annual full coverage premium in MN
$1,789
Average minimum coverage premium in MN
$567
Age 70
Average annual full coverage premium in MN
$1,916
Average minimum coverage premium in MN
$622
Age 40
Average annual full coverage premium in MN
$2,035
Average minimum coverage premium in MN
$614
Age 50
Average annual full coverage premium in MN
$1,861
Average minimum coverage premium in MN
$580
Age 60
Average annual full coverage premium in MN
$1,789
Average minimum coverage premium in MN
$567
Age 70
Average annual full coverage premium in MN
$1,916
Average minimum coverage premium in MN
$622
*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
$3,859
Average minimum coverage premium in MN
$1,384
Age 18
Average annual full coverage premium in MN
$5,172
Average minimum coverage premium in MN
$1,787
Age 20
Average annual full coverage premium in MN
$3,903
Average minimum coverage premium in MN
$1,248
Age 25
Average annual full coverage premium in MN
$2,370
Average minimum coverage premium in MN
$762
Age 30
Average annual full coverage premium in MN
$2,115
Average minimum coverage premium in MN
$689
Age 40
Average annual full coverage premium in MN
$2,052
Average minimum coverage premium in MN
$685
Age 50
Average annual full coverage premium in MN
$1,889
Average minimum coverage premium in MN
$642
Age 60
Average annual full coverage premium in MN
$1,808
Average minimum coverage premium in MN
$612
Age 70
Average annual full coverage premium in MN
$1,906
Average minimum coverage premium in MN
$647
Age 40
Average annual full coverage premium in MN
$2,052
Average minimum coverage premium in MN
$685
Age 50
Average annual full coverage premium in MN
$1,889
Average minimum coverage premium in MN
$642
Age 60
Average annual full coverage premium in MN
$1,808
Average minimum coverage premium in MN
$612
Age 70
Average annual full coverage premium in MN
$1,906
Average minimum coverage premium in MN
$647
*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
Lightbulb

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.

Caret Down
Age 16*
Avg. annual premium for drivers in MN
$4,012
Age 17
Avg. annual premium for drivers in MN
$3,690
Age 18
Avg. annual premium for drivers in MN
$3,409
Age 19
Avg. annual premium for drivers in MN
$3,027
Age 20
Avg. annual premium for drivers in MN
$2,886
*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
$5,643
Age 19
Avg. annual premium for drivers in MN
$4,591
Age 20
Avg. annual premium for drivers in MN
$4,234
*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 66 percent more
Age 19 52 percent more
Age 20 47 percent more

*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

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 92 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
$2,044
Percentage increase from MN avg. annual premium*
0%
Avg. annual premium* in MN
$2,495
Percentage increase from MN avg. annual premium*
22%
Avg. annual premium* in MN
$2,916
Percentage increase from MN avg. annual premium*
43%
Avg. annual premium* in MN
$3,916
Percentage increase from MN avg. annual premium*
92%
*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 116 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
$4,424
Percentage difference from MN avg. annual premium*
116%
Average
Avg. annual premium* in MN
$2,285
Percentage difference from MN avg. annual premium*
12%
Avg. annual premium* in MN
$2,044
Percentage difference from MN avg. annual premium*
0%
Excellent
Avg. annual premium* in MN
$1,731
Percentage difference from MN avg. annual premium*
-15%
*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
$2,044
Avg. annual premium* in MN
$1,782
Avg. annual premium* in MN
$1,792
BMW 330i
Avg. annual premium* in MN
$2,530
Toyota Prius
Avg. annual premium* in MN
$2,052
*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.

Advertising Disclosure
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.

Calculate your monthly car insurance payment

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

Caret DownCaret Up
Please select age
Lock Secure Your information is secure
Caret DownCaret Up
Please select credit score
Why we're asking
Methodology

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 same provider over time or 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.

Frequently asked questions

Clock Wait
46
years of industry expertise
Search
122
carriers reviewed
Location
20.7K
ZIP codes examined
Dollar Coin
1.2M
quotes analyzed

Methodology 

Bankrate utilizes Quadrant Information Services to analyze the latest rates in February, 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.

Savings

Compare rates and save on auto insurance today!

ZIP code
Close X
Written by
Shannon Martin
Writer, Insurance

Shannon Martin is a licensed insurance agent and Bankrate analyst with over 15 years of experience in the industry. She enjoys helping others navigate the insurance world by cutting through complex jargon and empowering readers to make strong financial decisions independently.

Edited by Editor, Insurance