Powered by Coverage.com (NPN: 19966249)
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.
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
Updated Sep 01, 2024
Minnesota drivers pay an average rate of $672 for minimum coverage and $2,442 for full coverage car insurance.
+ MORE
+ MORE
Powered by Coverage.com (NPN: 19966249)
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.
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.
How much is car insurance in Minnesota?
Drivers in the North Star State pay an average cost for car insurance that is below national average. Minimum coverage is available for an annual average of $672, while full coverage, which includes collision and comprehensive coverage, averages $2,442. Multiple factors influence the amount you pay, however, and your premium may be higher or lower depending on your driving history, vehicle type, coverage selections and more.
Key takeaways
- In Minnesota's most populous city, Minneapolis, drivers pay an average of $2,442 per year for full coverage and $672 per year for minimal coverage, which works out to monthly payments of $204 and $56, 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 $6,644 annually.
- Being convicted of a DUI in Minnesota could increase your policy premium by an average of 111 percent more.
- Drivers in the North Star State with excellent credit pay an average of $2,035 per year for full coverage — 17 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 some of the 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 — 7 percent more than the Minnesota average.
Sorry, we don't have enough data yet on this city yet!
But these other cities in the state may give you some insight.
| City | Avg. monthly full coverage premium | Avg. annual full coverage premium | Avg. savings vs. state average |
|---|---|---|---|
| Norwood | $205 | $2,461 | +1% |
| Young America | $178 | $2,133 | -14% |
| Monticello | $202 | $2,429 | -1% |
| Loretto | $187 | $2,247 | -8% |
| Knife River | $222 | $2,670 | +9% |
| Schroeder | $221 | $2,658 | +8% |
| Adolph | $199 | $2,391 | -2% |
| Angora | $225 | $2,694 | +10% |
| Cloquet | $212 | $2,543 | +4% |
| Cromwell | $222 | $2,667 | +9% |
| Rockford | $201 | $2,417 | -1% |
| Maple Plain | $186 | $2,234 | -9% |
| Aurora | $214 | $2,563 | +5% |
| Ely | $223 | $2,672 | +9% |
| Esko | $209 | $2,514 | +3% |
| Virginia | $209 | $2,508 | +3% |
| Duluth | $190 | $2,279 | -7% |
| Brownsville | $192 | $2,308 | -6% |
| Grand Meadow | $192 | $2,300 | -6% |
| Kenyon | $196 | $2,354 | -4% |
| La Crescent | $191 | $2,288 | -7% |
| Mabel | $195 | $2,335 | -4% |
| Minneapolis | $217 | $2,608 | +7% |
| Finland | $222 | $2,666 | +9% |
| Cotton | $227 | $2,719 | +11% |
| Osseo | $187 | $2,248 | -8% |
| Santiago | $207 | $2,481 | +2% |
| Ghent | $185 | $2,217 | -10% |
| Hanley Falls | $183 | $2,194 | -11% |
| Madison | $188 | $2,253 | -8% |
| New London | $187 | $2,249 | -8% |
| Odessa | $186 | $2,237 | -9% |
| Saint Cloud | $188 | $2,254 | -8% |
| Bowlus | $217 | $2,598 | +6% |
| Evansville | $201 | $2,412 | -1% |
| Flensburg | $218 | $2,617 | +7% |
| Foreston | $210 | $2,524 | +3% |
| Garfield | $200 | $2,397 | -2% |
| Greenwald | $204 | $2,454 | +0% |
| Lowry | $199 | $2,394 | -2% |
| Windom | $188 | $2,252 | -8% |
| Chandler | $190 | $2,281 | -7% |
| Mountain Lake | $187 | $2,242 | -9% |
| Ormsby | $187 | $2,242 | -9% |
| Slayton | $190 | $2,281 | -7% |
| Willmar | $186 | $2,233 | -9% |
| Appleton | $185 | $2,223 | -9% |
| Atwater | $186 | $2,236 | -9% |
| Correll | $185 | $2,226 | -9% |
| Danube | $182 | $2,183 | -11% |
| Paynesville | $202 | $2,418 | -1% |
| Richmond | $202 | $2,429 | -1% |
| Upsala | $219 | $2,628 | +7% |
| Wahkon | $211 | $2,533 | +4% |
| Aitkin | $220 | $2,635 | +8% |
| Akeley | $227 | $2,724 | +11% |
| Bertha | $225 | $2,699 | +10% |
| Eagle Bend | $225 | $2,699 | +10% |
| Emily | $223 | $2,677 | +9% |
| Menahga | $224 | $2,685 | +9% |
| Beltrami | $203 | $2,439 | -0% |
| Clitherall | $203 | $2,435 | -0% |
| Blomkest | $185 | $2,216 | -10% |
| Clara City | $185 | $2,224 | -9% |
| Clements | $185 | $2,218 | -10% |
| Clinton | $188 | $2,254 | -8% |
| Cottonwood | $182 | $2,183 | -11% |
| Tofte | $222 | $2,660 | +9% |
| Two Harbors | $220 | $2,643 | +8% |
| Alborn | $227 | $2,730 | +11% |
| Barnum | $221 | $2,657 | +8% |
| Cook | $224 | $2,691 | +10% |
| Eveleth | $209 | $2,509 | +3% |
| Winona | $184 | $2,207 | -10% |
| Clarks Grove | $185 | $2,219 | -10% |
| Freeborn | $186 | $2,227 | -9% |
| Glenville | $185 | $2,224 | -9% |
| Sleepy Eye | $184 | $2,211 | -10% |
| Shakopee | $185 | $2,220 | -10% |
| Dovray | $190 | $2,276 | -7% |
| Dunnell | $186 | $2,237 | -9% |
| Round Lake | $188 | $2,255 | -8% |
| Alberta | $188 | $2,250 | -8% |
| Benson | $185 | $2,224 | -9% |
| Cosmos | $185 | $2,219 | -10% |
| Dawson | $187 | $2,245 | -8% |
| Howard Lake | $201 | $2,416 | -1% |
| Princeton | $210 | $2,516 | +3% |
| Savage | $189 | $2,263 | -8% |
| Stewart | $183 | $2,200 | -10% |
| Waverly | $201 | $2,412 | -1% |
| Saint Michael | $203 | $2,430 | -0% |
| Waconia | $178 | $2,132 | -14% |
| Watertown | $181 | $2,169 | -12% |
| Watkins | $188 | $2,255 | -8% |
| Racine | $192 | $2,301 | -6% |
| Stockton | $188 | $2,252 | -8% |
| Zumbrota | $193 | $2,312 | -5% |
| Amboy | $184 | $2,208 | -10% |
| Easton | $185 | $2,219 | -10% |
| Elmore | $183 | $2,200 | -10% |
| Frost | $184 | $2,210 | -10% |
| Janesville | $185 | $2,226 | -9% |
| Kandiyohi | $185 | $2,217 | -10% |
| Milan | $185 | $2,218 | -10% |
| Murdock | $186 | $2,237 | -9% |
| Ortonville | $188 | $2,255 | -8% |
| Raymond | $185 | $2,217 | -10% |
| Renville | $183 | $2,201 | -10% |
| Watson | $185 | $2,220 | -10% |
| Barrett | $201 | $2,410 | -1% |
| Cold Spring | $199 | $2,388 | -2% |
| Little Falls | $217 | $2,598 | +6% |
| Onamia | $213 | $2,556 | +5% |
| Hoyt Lakes | $214 | $2,571 | +5% |
| Kettle River | $222 | $2,664 | +9% |
| Adams | $189 | $2,264 | -8% |
| Canton | $195 | $2,337 | -4% |
| Sacred Heart | $183 | $2,197 | -11% |
| Alexandria | $200 | $2,400 | -2% |
| Bock | $212 | $2,549 | +4% |
| Brooten | $206 | $2,468 | +1% |
| Burtrum | $220 | $2,643 | +8% |
| Elrosa | $200 | $2,401 | -2% |
| Holmes City | $200 | $2,405 | -2% |
| Isle | $211 | $2,536 | +4% |
| Oak Park | $213 | $2,558 | +5% |
| Spring Park | $188 | $2,253 | -8% |
| Albertville | $203 | $2,442 | -0% |
| Elk River | $206 | $2,469 | +1% |
| Excelsior | $182 | $2,187 | -11% |
| Bethel | $204 | $2,444 | +0% |
| Chisago City | $211 | $2,528 | +3% |
| Saint Francis | $205 | $2,456 | +1% |
| Scandia | $203 | $2,434 | -0% |
| Saint Paul | $202 | $2,428 | -1% |
| Jackson | $187 | $2,242 | -9% |
| Jeffers | $190 | $2,285 | -7% |
| Ruthton | $186 | $2,235 | -9% |
| Sherburn | $186 | $2,229 | -9% |
| Clontarf | $186 | $2,228 | -9% |
| Maynard | $185 | $2,218 | -10% |
| Pennock | $187 | $2,245 | -8% |
| Wheaton | $203 | $2,436 | -0% |
| Ashby | $201 | $2,408 | -1% |
| Graceville | $188 | $2,257 | -8% |
| Minneota | $185 | $2,221 | -10% |
| Taunton | $185 | $2,219 | -10% |
| Vesta | $185 | $2,216 | -10% |
| Marietta | $187 | $2,245 | -8% |
| Miltona | $203 | $2,432 | -0% |
| Morris | $187 | $2,246 | -8% |
| Seaforth | $185 | $2,220 | -10% |
| Albany | $201 | $2,413 | -1% |
| Gilman | $204 | $2,454 | +0% |
| Holdingford | $202 | $2,423 | -1% |
| Porter | $186 | $2,231 | -9% |
| Prinsburg | $185 | $2,220 | -10% |
| Redwood Falls | $181 | $2,173 | -12% |
| Wanda | $189 | $2,273 | -7% |
| Grey Eagle | $219 | $2,624 | +7% |
| Hoffman | $202 | $2,418 | -1% |
| Kensington | $200 | $2,399 | -2% |
| Melrose | $201 | $2,418 | -1% |
| Milaca | $213 | $2,561 | +5% |
| New Munich | $201 | $2,412 | -1% |
| Hibbing | $211 | $2,534 | +4% |
| Kerrick | $214 | $2,566 | +5% |
| Side Lake | $225 | $2,698 | +10% |
| Swan River | $220 | $2,643 | +8% |
| Wrenshall | $219 | $2,633 | +8% |
| Wright | $225 | $2,701 | +10% |
| Rochester | $183 | $2,195 | -11% |
| Dodge Center | $191 | $2,296 | -6% |
| Swift | $208 | $2,500 | +2% |
| Glyndon | $195 | $2,342 | -4% |
| Mcintosh | $210 | $2,517 | +3% |
| Ottertail | $205 | $2,458 | +1% |
| Waubun | $214 | $2,572 | +5% |
| Cass Lake | $227 | $2,726 | +11% |
| Marcell | $222 | $2,667 | +9% |
| Mizpah | $220 | $2,643 | +8% |
| Remer | $230 | $2,760 | +12% |
| Afton | $192 | $2,309 | -6% |
| Braham | $214 | $2,571 | +5% |
| Cedar | $201 | $2,417 | -1% |
| Cottage Grove | $191 | $2,292 | -6% |
| Dundas | $192 | $2,303 | -6% |
| Medford | $188 | $2,254 | -8% |
| Sandstone | $212 | $2,544 | +4% |
| Waite Park | $191 | $2,293 | -6% |
| Ironton | $222 | $2,659 | +9% |
| Nisswa | $223 | $2,677 | +9% |
| Park Rapids | $225 | $2,704 | +10% |
| Boyd | $186 | $2,232 | -9% |
| New York Mills | $208 | $2,493 | +2% |
| Ogema | $210 | $2,519 | +3% |
| Osage | $210 | $2,520 | +3% |
| Perley | $204 | $2,451 | +0% |
| Blackduck | $231 | $2,771 | +13% |
| Loman | $218 | $2,619 | +7% |
| Outing | $228 | $2,733 | +11% |
| Puposky | $229 | $2,751 | +12% |
| Kabetogama | $218 | $2,613 | +7% |
| Solway | $229 | $2,750 | +12% |
| Gilbert | $209 | $2,514 | +3% |
| Jacobson | $221 | $2,655 | +8% |
| Swatara | $222 | $2,666 | +9% |
| Twig | $208 | $2,490 | +2% |
| Kasson | $190 | $2,284 | -7% |
| Grand Rapids | $218 | $2,611 | +7% |
| Hill City | $222 | $2,661 | +9% |
| Iron | $213 | $2,554 | +4% |
| Kinney | $219 | $2,626 | +7% |
| Mcgregor | $223 | $2,675 | +9% |
| Tamarack | $221 | $2,650 | +8% |
| Tower | $224 | $2,685 | +9% |
| Winton | $221 | $2,647 | +8% |
| Chatfield | $191 | $2,293 | -6% |
| Claremont | $193 | $2,313 | -5% |
| Lyle | $188 | $2,257 | -8% |
| Twin Lakes | $186 | $2,228 | -9% |
| Holyoke | $220 | $2,644 | +8% |
| Nashwauk | $219 | $2,627 | +7% |
| Soudan | $223 | $2,682 | +9% |
| Sturgeon Lake | $214 | $2,564 | +5% |
| Warba | $219 | $2,623 | +7% |
| Eitzen | $193 | $2,312 | -5% |
| Elgin | $192 | $2,308 | -6% |
| Hokah | $193 | $2,317 | -5% |
| Oronoco | $185 | $2,220 | -10% |
| Rollingstone | $191 | $2,297 | -6% |
| Stewartville | $185 | $2,215 | -10% |
| Benedict | $228 | $2,734 | +11% |
| Crosby | $223 | $2,674 | +9% |
| Lake George | $229 | $2,743 | +12% |
| Palisade | $220 | $2,638 | +8% |
| Deer Creek | $206 | $2,470 | +1% |
| Moorhead | $181 | $2,176 | -12% |
| Naytahwaush | $213 | $2,553 | +4% |
| Nielsville | $206 | $2,477 | +1% |
| Perham | $204 | $2,450 | +0% |
| Bigfork | $222 | $2,669 | +9% |
| Birchdale | $218 | $2,620 | +7% |
| Bowstring | $222 | $2,669 | +9% |
| Gonvick | $219 | $2,630 | +7% |
| Ponemah | $230 | $2,757 | +12% |
| Ranier | $217 | $2,610 | +7% |
| Tenstrike | $231 | $2,770 | +13% |
| Balaton | $186 | $2,232 | -9% |
| Edgerton | $186 | $2,234 | -9% |
| Holland | $186 | $2,237 | -9% |
| Okabena | $188 | $2,256 | -8% |
| Bellingham | $189 | $2,267 | -7% |
| Holloway | $185 | $2,219 | -10% |
| Morgan | $188 | $2,250 | -8% |
| Norcross | $199 | $2,387 | -2% |
| Spicer | $186 | $2,234 | -9% |
| Wabasso | $182 | $2,179 | -11% |
| Wood Lake | $183 | $2,197 | -11% |
| Brandon | $200 | $2,406 | -2% |
| Carlos | $201 | $2,417 | -1% |
| Dalton | $201 | $2,416 | -1% |
| Nelson | $201 | $2,413 | -1% |
| Wykoff | $192 | $2,303 | -6% |
| Mankato | $174 | $2,092 | -15% |
| Darfur | $185 | $2,226 | -9% |
| Eagle Lake | $179 | $2,151 | -13% |
| Lafayette | $184 | $2,203 | -10% |
| Lewisville | $183 | $2,200 | -10% |
| Vernon Center | $185 | $2,219 | -10% |
| Winnebago | $184 | $2,212 | -10% |
| Arco | $186 | $2,235 | -9% |
| Magnolia | $191 | $2,286 | -7% |
| Pipestone | $186 | $2,236 | -9% |
| Welcome | $185 | $2,221 | -9% |
| Chokio | $188 | $2,256 | -8% |
| Clarkfield | $185 | $2,220 | -10% |
| Danvers | $185 | $2,219 | -10% |
| Granite Falls | $186 | $2,237 | -9% |
| Kerkhoven | $187 | $2,249 | -8% |
| Lake Lillian | $186 | $2,231 | -9% |
| Marshall | $183 | $2,202 | -10% |
| Montevideo | $185 | $2,216 | -10% |
| Morton | $182 | $2,188 | -11% |
| Olivia | $181 | $2,177 | -11% |
| Sunburg | $187 | $2,246 | -8% |
| Farwell | $198 | $2,378 | -3% |
| Glenwood | $199 | $2,393 | -2% |
| Mc Grath | $220 | $2,642 | +8% |
| Osakis | $208 | $2,498 | +2% |
| Lake Benton | $187 | $2,239 | -9% |
| Lynd | $185 | $2,219 | -10% |
| Woodstock | $184 | $2,206 | -10% |
| Wabasha | $194 | $2,323 | -5% |
| Delavan | $185 | $2,220 | -10% |
| Le Sueur | $191 | $2,295 | -6% |
| Isanti | $217 | $2,607 | +7% |
| Elko New Market | $184 | $2,206 | -10% |
| Pine City | $212 | $2,539 | +4% |
| Red Wing | $195 | $2,340 | -4% |
| Inver Grove Heights | $196 | $2,356 | -4% |
| Stacy | $213 | $2,553 | +4% |
| Taylors Falls | $211 | $2,537 | +4% |
| Echo | $186 | $2,230 | -9% |
| Grove City | $186 | $2,234 | -9% |
| Lucan | $186 | $2,228 | -9% |
| Belgrade | $202 | $2,428 | -1% |
| Cyrus | $201 | $2,410 | -1% |
| Foley | $209 | $2,509 | +3% |
| Freeport | $202 | $2,421 | -1% |
| Lastrup | $217 | $2,606 | +6% |
| Ogilvie | $214 | $2,568 | +5% |
| Silver Lake | $182 | $2,189 | -11% |
| Winsted | $185 | $2,218 | -10% |
| Waseca | $186 | $2,238 | -9% |
| Currie | $190 | $2,275 | -7% |
| Fulda | $193 | $2,313 | -5% |
| Heron Lake | $191 | $2,288 | -7% |
| Prior Lake | $186 | $2,230 | -9% |
| Winthrop | $188 | $2,255 | -8% |
| Bingham Lake | $186 | $2,235 | -9% |
| Brewster | $188 | $2,258 | -8% |
| Hills | $191 | $2,287 | -7% |
| Revere | $183 | $2,196 | -11% |
| Beardsley | $186 | $2,235 | -9% |
| Canby | $187 | $2,244 | -8% |
| Wells | $185 | $2,216 | -10% |
| Adrian | $191 | $2,288 | -7% |
| Ceylon | $187 | $2,245 | -8% |
| Iona | $192 | $2,303 | -6% |
| Kanaranzi | $190 | $2,285 | -7% |
| Silver Creek | $203 | $2,440 | -0% |
| Norwood Young America | $178 | $2,137 | -13% |
| Rice | $201 | $2,415 | -1% |
| Saint Joseph | $198 | $2,373 | -3% |
| West Union | $220 | $2,639 | +8% |
| Brainerd | $221 | $2,658 | +8% |
| Pillager | $225 | $2,698 | +10% |
| Randall | $219 | $2,623 | +7% |
| Sebeka | $224 | $2,693 | +10% |
| Dilworth | $187 | $2,243 | -9% |
| Felton | $200 | $2,396 | -2% |
| Reads Landing | $193 | $2,318 | -5% |
| Bricelyn | $184 | $2,213 | -10% |
| Hanska | $184 | $2,213 | -10% |
| La Salle | $185 | $2,224 | -9% |
| Le Center | $191 | $2,298 | -6% |
| New Prague | $189 | $2,273 | -7% |
| Saint Peter | $184 | $2,207 | -10% |
| Hancock | $186 | $2,236 | -9% |
| Herman | $201 | $2,406 | -1% |
| Milroy | $184 | $2,210 | -10% |
| Avon | $198 | $2,376 | -3% |
| Hillman | $226 | $2,709 | +10% |
| Long Prairie | $219 | $2,631 | +7% |
| Redlake | $229 | $2,751 | +12% |
| Roosevelt | $207 | $2,489 | +2% |
| South International Falls | $218 | $2,610 | +7% |
| Waskish | $225 | $2,705 | +10% |
| Cambridge | $215 | $2,577 | +5% |
| Goodhue | $196 | $2,351 | -4% |
| Harris | $213 | $2,552 | +4% |
| Lakeville | $187 | $2,242 | -9% |
| Marine On Saint Croix | $199 | $2,392 | -2% |
| South Saint Paul | $201 | $2,407 | -1% |
| Webster | $192 | $2,310 | -6% |
| Pine Island | $188 | $2,261 | -8% |
| Blue Earth | $183 | $2,201 | -10% |
| Ellendale | $187 | $2,247 | -8% |
| Essig | $182 | $2,189 | -11% |
| Kilkenny | $190 | $2,281 | -7% |
| Northrop | $185 | $2,220 | -10% |
| Saint Clair | $187 | $2,241 | -9% |
| Searles | $183 | $2,198 | -11% |
| Truman | $183 | $2,195 | -11% |
| Almelund | $210 | $2,521 | +3% |
| Frontenac | $192 | $2,307 | -6% |
| Henriette | $212 | $2,545 | +4% |
| Hinckley | $212 | $2,539 | +4% |
| Mora | $213 | $2,551 | +4% |
| Newport | $198 | $2,373 | -3% |
| Rosemount | $186 | $2,229 | -9% |
| Hawley | $202 | $2,429 | -1% |
| Rothsay | $197 | $2,369 | -3% |
| Ulen | $201 | $2,406 | -1% |
| Bagley | $219 | $2,625 | +7% |
| Farmington | $188 | $2,257 | -8% |
| Forest Lake | $201 | $2,418 | -1% |
| Deerwood | $222 | $2,662 | +9% |
| Hackensack | $225 | $2,701 | +10% |
| Climax | $206 | $2,475 | +1% |
| Fergus Falls | $201 | $2,407 | -1% |
| Bovey | $219 | $2,622 | +7% |
| Britt | $215 | $2,575 | +5% |
| Calumet | $220 | $2,635 | +8% |
| Canyon | $224 | $2,691 | +10% |
| Crane Lake | $223 | $2,674 | +9% |
| Floodwood | $226 | $2,710 | +10% |
| East Grand Forks | $203 | $2,434 | -0% |
| Goodridge | $209 | $2,506 | +3% |
| Saint Vincent | $207 | $2,481 | +2% |
| Beaver Creek | $190 | $2,285 | -7% |
| Bigelow | $191 | $2,290 | -6% |
| Butterfield | $186 | $2,229 | -9% |
| Ivanhoe | $186 | $2,233 | -9% |
| Leota | $190 | $2,276 | -7% |
| Rushmore | $191 | $2,288 | -7% |
| Tyler | $186 | $2,235 | -9% |
| Alvarado | $205 | $2,461 | +1% |
| Noyes | $207 | $2,479 | +2% |
| Viking | $209 | $2,505 | +3% |
| Williams | $210 | $2,523 | +3% |
| Gatzke | $211 | $2,530 | +4% |
| Karlstad | $211 | $2,531 | +4% |
| Kennedy | $206 | $2,473 | +1% |
| Strathcona | $209 | $2,511 | +3% |
| Crosslake | $223 | $2,675 | +9% |
| Pequot Lakes | $223 | $2,674 | +9% |
| Wadena | $219 | $2,632 | +7% |
| Barnesville | $199 | $2,383 | -2% |
| Dent | $204 | $2,447 | +0% |
| Parkers Prairie | $207 | $2,478 | +1% |
| Pierz | $221 | $2,646 | +8% |
| Marble | $218 | $2,620 | +7% |
| Nett Lake | $220 | $2,641 | +8% |
| Austin | $182 | $2,186 | -11% |
| Thief River Falls | $206 | $2,470 | +1% |
| Plummer | $207 | $2,489 | +2% |
| Red Lake Falls | $206 | $2,472 | +1% |
| Saint Hilaire | $206 | $2,469 | +1% |
| Stephen | $208 | $2,499 | +2% |
| Sawyer | $221 | $2,657 | +8% |
| Willow River | $215 | $2,585 | +6% |
| Byron | $183 | $2,198 | -11% |
| Dexter | $192 | $2,307 | -6% |
| Dover | $187 | $2,248 | -8% |
| Kellogg | $194 | $2,323 | -5% |
| Millville | $193 | $2,321 | -5% |
| Utica | $194 | $2,325 | -5% |
| Cleveland | $186 | $2,226 | -9% |
| Hartland | $185 | $2,219 | -10% |
| New Ulm | $182 | $2,182 | -11% |
| Alpha | $187 | $2,247 | -8% |
| Avoca | $193 | $2,320 | -5% |
| Hardwick | $191 | $2,293 | -6% |
| Lakefield | $188 | $2,255 | -8% |
| Luverne | $191 | $2,288 | -7% |
| Russell | $186 | $2,230 | -9% |
| Steen | $190 | $2,285 | -7% |
| Westbrook | $191 | $2,290 | -6% |
| Wilmont | $190 | $2,278 | -7% |
| Worthington | $191 | $2,291 | -6% |
| Donnelly | $187 | $2,244 | -8% |
| Fosston | $211 | $2,533 | +4% |
| Foxhome | $202 | $2,419 | -1% |
| Nashua | $203 | $2,434 | -0% |
| Bemidji | $226 | $2,714 | +11% |
| Baudette | $211 | $2,526 | +3% |
| International Falls | $216 | $2,587 | +6% |
| Spring Lake | $222 | $2,663 | +9% |
| Ostrander | $192 | $2,299 | -6% |
| Plainview | $194 | $2,330 | -5% |
| Preston | $192 | $2,309 | -6% |
| Roscoe | $199 | $2,389 | -2% |
| Cushing | $220 | $2,643 | +8% |
| Lake Hubert | $227 | $2,720 | +11% |
| Laporte | $228 | $2,741 | +12% |
| Merrifield | $222 | $2,664 | +9% |
| Nevis | $225 | $2,705 | +10% |
| Pine River | $225 | $2,701 | +10% |
| Detroit Lakes | $202 | $2,429 | -1% |
| Grand Marais | $220 | $2,635 | +8% |
| Goodland | $219 | $2,623 | +7% |
| Melrude | $225 | $2,695 | +10% |
| Angle Inlet | $210 | $2,514 | +3% |
| Hallock | $207 | $2,480 | +2% |
| Oak Island | $209 | $2,509 | +3% |
| Warroad | $206 | $2,476 | +1% |
| Saint Stephen | $198 | $2,378 | -3% |
| Sauk Rapids | $195 | $2,344 | -4% |
| Bluffton | $207 | $2,481 | +2% |
| Breckenridge | $200 | $2,395 | -2% |
| Andover | $200 | $2,394 | -2% |
| Arlington | $190 | $2,275 | -7% |
| Brownton | $182 | $2,186 | -11% |
| Darwin | $185 | $2,218 | -10% |
| Fairfax | $181 | $2,174 | -12% |
| Hector | $184 | $2,203 | -10% |
| Hendricks | $187 | $2,238 | -9% |
| Lamberton | $189 | $2,268 | -7% |
| Odin | $186 | $2,227 | -9% |
| Storden | $191 | $2,290 | -6% |
| Trimont | $186 | $2,233 | -9% |
| Walnut Grove | $185 | $2,217 | -10% |
| Dumont | $190 | $2,278 | -7% |
| Halstad | $205 | $2,458 | +1% |
| Ponsford | $211 | $2,532 | +4% |
| Vergas | $205 | $2,459 | +1% |
| Federal Dam | $231 | $2,767 | +12% |
| Lengby | $213 | $2,556 | +5% |
| Leonard | $220 | $2,634 | +8% |
| Margie | $219 | $2,625 | +7% |
| Redby | $230 | $2,758 | +12% |
| Shevlin | $223 | $2,680 | +9% |
| Squaw Lake | $223 | $2,680 | +9% |
| Isabella | $222 | $2,667 | +9% |
| Silver Bay | $223 | $2,677 | +9% |
| Babbitt | $223 | $2,679 | +9% |
| Biwabik | $210 | $2,516 | +3% |
| Frazee | $203 | $2,439 | -0% |
| Gary | $207 | $2,485 | +2% |
| Georgetown | $200 | $2,403 | -2% |
| Lake Park | $203 | $2,439 | -0% |
| Mahnomen | $212 | $2,546 | +4% |
| Richwood | $206 | $2,475 | +1% |
| Underwood | $202 | $2,428 | -1% |
| Wendell | $199 | $2,388 | -2% |
| Winger | $211 | $2,531 | +4% |
| Wolverton | $200 | $2,404 | -2% |
| Talmoon | $222 | $2,665 | +9% |
| Gully | $212 | $2,542 | +4% |
| Max | $222 | $2,670 | +9% |
| Northome | $222 | $2,665 | +9% |
| Anoka | $199 | $2,388 | -2% |
| Becker | $203 | $2,439 | -0% |
| Big Lake | $205 | $2,461 | +1% |
| Gaylord | $189 | $2,264 | -8% |
| Lester Prairie | $184 | $2,205 | -10% |
| Annandale | $204 | $2,448 | +0% |
| Champlin | $196 | $2,358 | -4% |
| Burnsville | $189 | $2,271 | -7% |
| Green Isle | $189 | $2,266 | -7% |
| Hanover | $203 | $2,437 | -0% |
| Hopkins | $195 | $2,339 | -4% |
| Mayer | $178 | $2,138 | -13% |
| Minnetonka Beach | $187 | $2,248 | -8% |
| Humboldt | $207 | $2,484 | +2% |
| Lake Bronson | $210 | $2,524 | +3% |
| Mentor | $210 | $2,523 | +3% |
| Oklee | $208 | $2,497 | +2% |
| Wannaska | $210 | $2,516 | +3% |
| Warren | $207 | $2,486 | +2% |
| Albert Lea | $183 | $2,193 | -11% |
| Conger | $185 | $2,224 | -9% |
| Hayward | $185 | $2,223 | -9% |
| Henderson | $190 | $2,274 | -7% |
| Madison Lake | $183 | $2,196 | -11% |
| Montgomery | $192 | $2,308 | -6% |
| Nicollet | $185 | $2,215 | -10% |
| Rose Creek | $189 | $2,265 | -8% |
| Rushford | $195 | $2,344 | -4% |
| Taopi | $190 | $2,279 | -7% |
| Waltham | $190 | $2,276 | -7% |
| Wanamingo | $196 | $2,350 | -4% |
| Belle Plaine | $179 | $2,151 | -13% |
| Comfrey | $185 | $2,223 | -9% |
| Courtland | $183 | $2,200 | -10% |
| Fairmont | $183 | $2,195 | -11% |
| Good Thunder | $186 | $2,232 | -9% |
| Granada | $183 | $2,197 | -11% |
| Hollandale | $186 | $2,229 | -9% |
| Brimson | $224 | $2,690 | +10% |
| Lutsen | $222 | $2,659 | +8% |
| Brookston | $225 | $2,700 | +10% |
| Buhl | $212 | $2,546 | +4% |
| Finlayson | $216 | $2,593 | +6% |
| Sabin | $194 | $2,329 | -5% |
| Twin Valley | $204 | $2,451 | +0% |
| Bena | $230 | $2,761 | +12% |
| Huntley | $186 | $2,229 | -9% |
| Lake Crystal | $184 | $2,212 | -10% |
| New Richland | $187 | $2,246 | -8% |
| Pemberton | $186 | $2,230 | -9% |
| Starbuck | $200 | $2,403 | -2% |
| Ah Gwah Ching | $224 | $2,691 | +10% |
| Ada | $205 | $2,457 | +1% |
| Comstock | $196 | $2,356 | -4% |
| Mazeppa | $192 | $2,309 | -6% |
| Royalton | $217 | $2,606 | +6% |
| Sartell | $195 | $2,339 | -4% |
| Villard | $199 | $2,391 | -2% |
| Mantorville | $188 | $2,261 | -8% |
| Saint Charles | $194 | $2,329 | -5% |
| West Concord | $193 | $2,318 | -5% |
| Kiester | $184 | $2,210 | -10% |
| Mapleton | $186 | $2,231 | -9% |
| Minnesota Lake | $185 | $2,220 | -10% |
| Sanborn | $189 | $2,267 | -7% |
| Springfield | $186 | $2,233 | -9% |
| Grand Portage | $221 | $2,647 | +8% |
| Chisholm | $211 | $2,535 | +4% |
| Cohasset | $218 | $2,622 | +7% |
| Embarrass | $223 | $2,674 | +9% |
| Chaska | $180 | $2,159 | -12% |
| Crystal Bay | $185 | $2,222 | -9% |
| Eden Valley | $189 | $2,263 | -8% |
| Hamburg | $179 | $2,145 | -13% |
| Minnesota City | $191 | $2,289 | -6% |
| Peterson | $195 | $2,346 | -4% |
| Sargeant | $192 | $2,308 | -6% |
| Zumbro Falls | $192 | $2,303 | -6% |
| Alden | $185 | $2,221 | -9% |
| Elysian | $189 | $2,265 | -8% |
| Garden City | $187 | $2,242 | -9% |
| Kasota | $186 | $2,228 | -9% |
| Fertile | $208 | $2,501 | +2% |
| Kent | $202 | $2,419 | -1% |
| Rochert | $209 | $2,510 | +3% |
| Shelly | $206 | $2,477 | +1% |
| Clearbrook | $219 | $2,632 | +7% |
| Longville | $226 | $2,707 | +10% |
| Pennington | $232 | $2,787 | +13% |
| Plato | $184 | $2,206 | -10% |
| Saint Bonifacius | $183 | $2,202 | -10% |
| Waldorf | $189 | $2,266 | -7% |
| Jasper | $185 | $2,218 | -10% |
| Forbes | $214 | $2,574 | +5% |
| Brook Park | $213 | $2,558 | +5% |
| Grandy | $215 | $2,580 | +5% |
| Morristown | $193 | $2,315 | -5% |
| Welch | $195 | $2,335 | -4% |
| Wyoming | $211 | $2,533 | +4% |
| Mendota | $202 | $2,421 | -1% |
| Glencoe | $183 | $2,196 | -11% |
| Minnetonka | $184 | $2,206 | -10% |
| Eden Prairie | $184 | $2,203 | -10% |
| Hutchinson | $181 | $2,174 | -12% |
| Kimball | $202 | $2,427 | -1% |
| New Germany | $179 | $2,149 | -13% |
| Rogers | $185 | $2,224 | -9% |
| Navarre | $187 | $2,243 | -9% |
| Zimmerman | $209 | $2,504 | +3% |
| Clear Lake | $205 | $2,462 | +1% |
| Franklin | $182 | $2,179 | -11% |
| Gibbon | $189 | $2,265 | -8% |
| Hamel | $189 | $2,265 | -8% |
| Cannon Falls | $196 | $2,353 | -4% |
| Circle Pines | $197 | $2,368 | -3% |
| Dalbo | $216 | $2,587 | +6% |
| Bayport | $191 | $2,289 | -6% |
| Faribault | $196 | $2,349 | -4% |
| Hastings | $187 | $2,249 | -8% |
| Lakeland | $193 | $2,320 | -5% |
| Lindstrom | $212 | $2,540 | +4% |
| North Branch | $211 | $2,533 | +4% |
| Stillwater | $194 | $2,333 | -5% |
| South Haven | $203 | $2,441 | -0% |
| Victoria | $182 | $2,183 | -11% |
| Wayzata | $185 | $2,225 | -9% |
| Donaldson | $207 | $2,479 | +2% |
| Roseau | $207 | $2,485 | +2% |
| Keewatin | $219 | $2,625 | +7% |
| Moose Lake | $221 | $2,652 | +8% |
| Saginaw | $222 | $2,670 | +9% |
| Eyota | $185 | $2,218 | -10% |
| Fountain | $195 | $2,337 | -4% |
| Houston | $194 | $2,334 | -5% |
| Le Roy | $190 | $2,281 | -7% |
| Hovland | $221 | $2,647 | +8% |
| Askov | $212 | $2,541 | +4% |
| Meadowlands | $228 | $2,741 | +12% |
| Mountain Iron | $210 | $2,515 | +3% |
| Orr | $223 | $2,674 | +9% |
| Taconite | $218 | $2,621 | +7% |
| Altura | $193 | $2,317 | -5% |
| Caledonia | $193 | $2,319 | -5% |
| Hayfield | $194 | $2,326 | -5% |
| Hewitt | $224 | $2,693 | +10% |
| Motley | $220 | $2,642 | +8% |
| Verndale | $223 | $2,674 | +9% |
| Walker | $225 | $2,696 | +10% |
| Borup | $204 | $2,446 | +0% |
| Elbow Lake | $201 | $2,407 | -1% |
| Elizabeth | $201 | $2,409 | -1% |
| Erhard | $203 | $2,439 | -0% |
| Makinen | $223 | $2,677 | +9% |
| Dakota | $191 | $2,296 | -6% |
| Elkton | $191 | $2,295 | -6% |
| Harmony | $191 | $2,297 | -6% |
| Lanesboro | $193 | $2,313 | -5% |
| Lewiston | $193 | $2,316 | -5% |
| Center City | $212 | $2,542 | +4% |
| Lonsdale | $195 | $2,337 | -4% |
| Hampton | $187 | $2,241 | -9% |
| Hugo | $197 | $2,358 | -3% |
| Nerstrand | $196 | $2,347 | -4% |
| Northfield | $195 | $2,336 | -4% |
| Euclid | $205 | $2,459 | +1% |
| Greenbush | $211 | $2,532 | +4% |
| Grygla | $212 | $2,546 | +4% |
| Newfolden | $208 | $2,497 | +2% |
| Wirt | $222 | $2,660 | +9% |
| Argyle | $208 | $2,495 | +2% |
| Fisher | $203 | $2,440 | -0% |
| Halma | $209 | $2,512 | +3% |
| Oslo | $209 | $2,502 | +2% |
| Bruno | $217 | $2,599 | +6% |
| Carlton | $210 | $2,525 | +3% |
| Coleraine | $218 | $2,618 | +7% |
| Middle River | $211 | $2,537 | +4% |
| Salol | $207 | $2,484 | +2% |
| Spring Grove | $194 | $2,326 | -5% |
| Spring Valley | $192 | $2,300 | -6% |
| Emmons | $185 | $2,224 | -9% |
| Madelia | $184 | $2,203 | -10% |
| Saint James | $185 | $2,220 | -10% |
| Baxter | $221 | $2,650 | +8% |
| Browerville | $225 | $2,703 | +10% |
| Clarissa | $225 | $2,700 | +10% |
| Fifty Lakes | $222 | $2,669 | +9% |
| Garrison | $222 | $2,661 | +9% |
| Audubon | $203 | $2,440 | -0% |
| Battle Lake | $203 | $2,435 | -0% |
| Callaway | $210 | $2,515 | +3% |
| Dennison | $196 | $2,352 | -4% |
| Lake City | $195 | $2,342 | -4% |
| Saint Paul Park | $194 | $2,328 | -5% |
| Owatonna | $187 | $2,239 | -9% |
| Rush City | $212 | $2,548 | +4% |
| Shafer | $212 | $2,540 | +4% |
| Willernie | $194 | $2,334 | -5% |
| Clearwater | $205 | $2,462 | +1% |
| Cologne | $177 | $2,124 | -14% |
| Dayton | $186 | $2,235 | -9% |
| Montrose | $201 | $2,414 | -1% |
| Pengilly | $218 | $2,621 | +7% |
| Blooming Prairie | $189 | $2,273 | -7% |
| Brownsdale | $189 | $2,268 | -7% |
| Hendrum | $207 | $2,482 | +2% |
| Henning | $204 | $2,448 | +0% |
| Hitterdal | $201 | $2,411 | -1% |
| Pelican Rapids | $204 | $2,447 | +0% |
| Tintah | $203 | $2,430 | -0% |
| Vining | $205 | $2,463 | +1% |
| Big Falls | $219 | $2,624 | +7% |
| Hines | $228 | $2,742 | +12% |
| Kelliher | $228 | $2,739 | +11% |
| Badger | $208 | $2,497 | +2% |
| Brooks | $208 | $2,500 | +2% |
| Crookston | $203 | $2,434 | -0% |
| Strandquist | $210 | $2,526 | +3% |
| Dassel | $185 | $2,223 | -9% |
| Jordan | $180 | $2,159 | -12% |
| Maple Lake | $202 | $2,422 | -1% |
| Grasston | $212 | $2,541 | +4% |
| Lake Elmo | $193 | $2,312 | -5% |
| Randolph | $184 | $2,204 | -10% |
| Stanchfield | $213 | $2,557 | +5% |
| Warsaw | $193 | $2,316 | -5% |
| Pease | $212 | $2,545 | +4% |
| Sauk Centre | $209 | $2,512 | +3% |
| Swanville | $218 | $2,616 | +7% |
| Aldrich | $223 | $2,670 | +9% |
| Backus | $225 | $2,704 | +10% |
| Fort Ripley | $221 | $2,649 | +8% |
| Nimrod | $223 | $2,678 | +9% |
| Staples | $223 | $2,675 | +9% |
| Bejou | $209 | $2,507 | +3% |
| Campbell | $200 | $2,403 | -2% |
| Erskine | $211 | $2,533 | +4% |
| Effie | $220 | $2,636 | +8% |
| Trail | $213 | $2,553 | +4% |
| Flom | $207 | $2,485 | +2% |
| Richville | $204 | $2,445 | +0% |
| Deer River | $221 | $2,648 | +8% |
| Littlefork | $217 | $2,607 | +7% |
| Ellsworth | $191 | $2,288 | -7% |
| Garvin | $182 | $2,190 | -11% |
| Ihlen | $184 | $2,207 | -10% |
| Lismore | $190 | $2,285 | -7% |
| Reading | $190 | $2,283 | -7% |
| Belview | $183 | $2,196 | -11% |
| Browns Valley | $204 | $2,445 | +0% |
| Waterville | $191 | $2,295 | -6% |
| Kenneth | $190 | $2,281 | -7% |
| Lake Wilson | $190 | $2,275 | -7% |
| Tracy | $185 | $2,222 | -9% |
| Barry | $187 | $2,242 | -9% |
| Bird Island | $182 | $2,185 | -11% |
| Buffalo Lake | $181 | $2,177 | -12% |
| Chanhassen | $180 | $2,162 | -12% |
| Cokato | $201 | $2,407 | -1% |
| Delano | $202 | $2,419 | -1% |
| Mound | $187 | $2,246 | -8% |
| Lancaster | $207 | $2,487 | +2% |
| Buffalo | $198 | $2,377 | -3% |
| Carver | $176 | $2,117 | -14% |
| Litchfield | $185 | $2,225 | -9% |
| Long Lake | $187 | $2,240 | -9% |
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
|
Average annual full coverage premium in MN
|
Average minimum coverage premium in MN
|
|---|---|---|
|
Age 16*
|
Average annual full coverage premium in MN
$5,217
|
Average minimum coverage premium in MN
$1,522
|
|
Age 18
|
Average annual full coverage premium in MN
$6,644
|
Average minimum coverage premium in MN
$1,968
|
|
Age 20
|
Average annual full coverage premium in MN
$5,202
|
Average minimum coverage premium in MN
$1,382
|
|
Age 25
|
Average annual full coverage premium in MN
$2,973
|
Average minimum coverage premium in MN
$779
|
|
Age 30
|
Average annual full coverage premium in MN
$2,529
|
Average minimum coverage premium in MN
$671
|
|
Age 40
|
Average annual full coverage premium in MN
$2,417
|
Average minimum coverage premium in MN
$666
|
|
Age 50
|
Average annual full coverage premium in MN
$2,210
|
Average minimum coverage premium in MN
$630
|
|
Age 60
|
Average annual full coverage premium in MN
$2,129
|
Average minimum coverage premium in MN
$619
|
|
Age 70
|
Average annual full coverage premium in MN
$2,275
|
Average minimum coverage premium in MN
$680
|
*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 annual full coverage premium in MN
|
Average minimum coverage premium in MN
|
|---|---|---|
|
Age 16*
|
Average annual full coverage premium in MN
$4,810
|
Average minimum coverage premium in MN
$1,542
|
|
Age 18
|
Average annual full coverage premium in MN
$6,029
|
Average minimum coverage premium in MN
$1,873
|
|
Age 20
|
Average annual full coverage premium in MN
$4,618
|
Average minimum coverage premium in MN
$1,362
|
|
Age 25
|
Average annual full coverage premium in MN
$2,822
|
Average minimum coverage premium in MN
$822
|
|
Age 30
|
Average annual full coverage premium in MN
$2,497
|
Average minimum coverage premium in MN
$728
|
|
Age 40
|
Average annual full coverage premium in MN
$2,467
|
Average minimum coverage premium in MN
$678
|
|
Age 50
|
Average annual full coverage premium in MN
$2,132
|
Average minimum coverage premium in MN
$691
|
|
Age 60
|
Average annual full coverage premium in MN
$2,151
|
Average minimum coverage premium in MN
$672
|
|
Age 70
|
Average annual full coverage premium in MN
$2,304
|
Average minimum coverage premium in MN
$735
|
*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
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 car insurance costs in Minnesota are much lower for a young driver on their parents' car insurance than they are if they have their own policy.
|
Age
|
Avg. annual premium for drivers in MN
|
|---|---|
|
Age 16*
|
Avg. annual premium for drivers in MN
$5,013
|
|
Age 17
|
Avg. annual premium for drivers in MN
$4,513
|
|
Age 18
|
Avg. annual premium for drivers in MN
$4,132
|
|
Age 19
|
Avg. annual premium for drivers in MN
$3,616
|
|
Age 20
|
Avg. annual premium for drivers in MN
$3,450
|
*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 for drivers in MN
|
|---|---|
|
Age 18
|
Avg. annual premium for drivers in MN
$6,337
|
|
Age 19
|
Avg. annual premium for drivers in MN
$5,319
|
|
Age 20
|
Avg. annual premium for drivers in MN
$4,910
|
*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 | 53 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 111 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.
|
Driving incident
|
Avg. annual premium* in MN
|
Percentage increase from MN avg. annual premium*
|
|---|---|---|
|
Clean driving record
|
Avg. annual premium* in MN
$2,442
|
Percentage increase from MN avg. annual premium*
0%
|
|
Avg. annual premium* in MN
$2,952
|
Percentage increase from MN avg. annual premium*
21%
|
|
|
Avg. annual premium* in MN
$3,460
|
Percentage increase from MN avg. annual premium*
42%
|
|
|
Avg. annual premium* in MN
$5,163
|
Percentage increase from MN avg. annual premium*
111%
|
*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 138 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 premium* in MN
|
Percentage difference from MN avg. annual premium*
|
|---|---|---|
|
Avg. annual premium* in MN
$5,808
|
Percentage difference from MN avg. annual premium*
138%
|
|
|
Average
|
Avg. annual premium* in MN
$2,748
|
Percentage difference from MN avg. annual premium*
13%
|
|
Avg. annual premium* in MN
$2,442
|
Percentage difference from MN avg. annual premium*
0%
|
|
|
Excellent
|
Avg. annual premium* in MN
$2,035
|
Percentage difference from MN avg. annual premium*
-17%
|
*Rates reflect full coverage policies.