Although driving in Minnesota is statistically safer than other places, it’s still important to have auto insurance on your vehicle. Having auto insurance protects you from having to pay enormous out-of-pocket fees for vehicle repairs or medical expenses if you’re in an accident.
When shopping for car insurance, look for a company that can provide you with the amount of coverage you need at a monthly premium that you can afford. Find an insurance provider that offers a variety of discounts, has good customer service and is willing to work with you to find a policy that meets your needs.
Best car insurance companies in Minnesota
Residents of Minnesota can purchase auto insurance from a number of different insurance companies. To make your search a little easier, we put together a list of the best affordable Minnesota auto insurance companies based on expert ratings and average insurance premium rates.
To choose these insurance providers, we reviewed J.D. Power’s 2020 U.S. Auto Insurance Study for the North Central region, noting overall satisfaction, policy offerings, price and customer experience.
|J.D. Power customer service rating||Average annual premium for full coverage|
|Country Financial||Not rated||$1,966|
Country Financial is well-known in Minnesota for its wide variety of auto coverage options and the ease of its claims handling process. Although it’s auto insurance is not ranked on J.D Power Scores, Country Financial received excellent customer satisfaction ratings with a 855/1000 for its home insurance J.D. Power rating.
Geico provides Minnesota customers with cheap policies, great coverage options and reliable customer service. Its superior AM Best rating, above average customer satisfaction ratings, and extensive list of discounts for Minnesota drivers makes it worth considering, despite its higher than average full coverage premium rate.
State Farm is one of the most reputable insurance companies in the United States. It offers some of the most affordable premiums on the market with an average annual premium for full coverage at $1,136.
Nationwide is rated among a top insurance provider by Minnesotans because of the discounts, affordable premiums, add-ons, and coverage options. Although customer satisfaction ratings are considered average, Nationwide makes up with its strong financial ratings and ability for drivers to customize their coverage with additional add-ons.
Average cost of car insurance in Minnesota
In the North Star State, the average cost of auto insurance is about $1,582 per year for full coverage and $522 per year for minimum coverage, as shown in the table below. This is slightly cheaper than the national average of $1,738 for full coverage.
|Average annual premium for minimum coverage in Minnesota||Average annual premium for full coverage in Minnesota|
State minimum insurance requirements in Minnesota
Auto insurance is required by law in Minnesota. All drivers must have a minimum of:
- $30,000/$60,000 per accident in bodily injury liability
- $10,000 in property damage liability
- $40,000 in personal injury protection
- $25,000/$50,000 for both uninsured and underinsured motorist coverage.
Based on these numbers, your insurance policy would cover $30,000 in medical bills for one passenger, or $60,000 for all passengers injured in a crash. Your property damage liability would cover $10,000 worth of damages to other vehicles or property that you might have collided with.
If you’re in an accident and the other driver doesn’t have insurance, or doesn’t have enough coverage to pay for your medical bills or vehicle repairs, your uninsured/underinsured motorist coverage would kick in to cover those costs for you.
How to get the best car insurance
To get the best car insurance, you should consider your location, needs, past driving history, current circumstances, and budget. Coverage options, discounts, add-ons, and rates differ based on all of the conditions mentioned above so it is best to understand these factors when searching for a car insurance company. To help in your research for car insurance companies, check out Bankrate’s Top Auto Insurance Companies in 2021 list.
You’ll also need to consider your geographic location as insurance companies’ policies differ based on ZIP code. If you’re on a tight budget, this is also something to consider as you would want to look for an insurance company that offers a full coverage premium that fits your budget. Obtaining minimum coverage could cost you more money in the future.
Evaluate your individual needs
To get the best car insurance, you’ll have to evaluate your individual needs based on your current and past circumstances so that you’ll know which insurance companies are right for you given what you’re looking for. For example, if you have children who are about to start driving, you’ll need to take this into consideration when shopping around for an insurance premium. Many insurance companies offer teen driving discounts and good student discounts which can help you save on your insurance premiums.
Consider state factors
Consider location when shopping around for a car insurance company as insurance rates vary even depending on ZIP code. The number of uninsured and teen drivers in your area code, the theft rate and demographics all affect your insurance premium prices. According to the III, 11.5% of drivers in Minnesota are uninsured, which means obtaining uninsured coverage may be a good option to protect you from out-of-pocket costs for any no-fault accidents.
Car insurance discounts in Minnesota
All of the car insurance providers we evaluated on this list offer discounts that allow their customers to save money on their insurance premiums.
Westfield Insurance gives discounts for:
- Paying your premium online
- Taking a defensive driving course
- Bundling policies
Country Financial will lower your premium if you:
- Are engaged to be married within a year
- Are a good driver
- Have certain safety features installed on your car
State Farm allows customers to save by:
- Being accident free for 3 years
- Being a good student
- Insuring multiple vehicles
Geico provides discounts for drivers who:
- Take a defensive driving course
- Are a member of the military
- Are a federal employee
Frequently asked questions
Is auto insurance required in Minnesota?
Yes, all drivers in Minnesota are legally required to purchase auto insurance for their car. When you get coverage, make sure you’re choosing at least the minimum amount of coverage that the state mandates.
What is the best car insurance in Minnesota?
Out of the providers we evaluated on this list, Geico offers the cheapest auto insurance rates across the board. Geico also offers a number of discounts to save you even more money on your monthly premium.
Do I need more coverage than what is required?
It depends. The amount of coverage you need should be based on how much risk you’re willing to take and how much you can afford to pay out-of-pocket if your vehicle got damaged or totaled in an accident, in addition to any medical expenses you might incur from injuries.
What information is needed to get car insurance in Minnesota?
To get an auto insurance quote, you’ll need to provide your address; the make, model and year of your car; your birthday; your gender; your marital status; information about particular driving habits, such as details about if you drive for commuting purposes or for recreation and your history of accidents. You might also have to enter the VIN number for your vehicle so the insurance company can review your accident history and get a better sense of the car’s condition.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a cleaning 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 coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.