Skip to Main Content

Best car insurance in Minnesota for 2024

Based on Bankrate's research, Geico, Auto-Owners and State Farm are writing some of the best Minnesota car insurance policies.

Updated Feb 21, 2024
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.

Compare car insurance rates
Answer a few questions to discover real rates from top-tier carriers in your area.
Location-Icon
Lock Secure Your information is secure
Badge No spam. No fees. No surprises.
Select from a variety of trusted carriers
+ MORE
User
Tell us a little about yourself
We’ll only ask for info we’re confident will impact your rate. That way, we can provide you with the most accurate and personalized offers.
Insurance Auto
Choose which policy is best for you
Compare your options from a list of carriers that want to get you insured. You can then move forward with as many as you’d like.
Congrats
Lock in your rate and policy details
Once you’re confident in your selected carrier, finish up the process online or on the phone with a trusted agent. And that’s it!

Best car insurance companies in Minnesota

According to data provided by Quadrant Information Services, the average annual premium for a full coverage car insurance policy in Minnesota is $2,044 per year, with minimum coverage averaging $650. However, Bankrate’s insurance editorial team knows that drivers looking for the best auto insurance companies in Minnesota aren’t always looking for the cheapest. To help you in your search, we also analyzed customer satisfaction scores from the J.D. Power 2023 U.S. Auto Insurance Study, financial strength ratings from AM Best, discount availability and more. Geico, Auto-Owners, State Farm, American Family and Farmers emerged as standout carriers.

Insurance company
Bankrate Score
Info
Average full coverage rate Average min coverage rate
4.4
Rating: 4.4 stars out of 5
$2,292
$635
4.3
Rating: 4.3 stars out of 5
$1,717
$472
4.3
Rating: 4.3 stars out of 5
$2,125
$693
4.2
Rating: 4.2 stars out of 5
$1,269
$540
3.8
Rating: 3.8 stars out of 5
$2,695
$1,028

Geico

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$191/mo

Avg. full coverage premium

$2,292/yr

Customer satisfaction

819/1,000

Auto-Owners

4.3

Rating: 4.3 stars out of 5

Avg. full coverage premium

$143/mo

Avg. full coverage premium

$1,717/yr

Customer satisfaction

829/1,000

State Farm

4.3

Rating: 4.3 stars out of 5

Avg. full coverage premium

$177/mo

Avg. full coverage premium

$2,125/yr

Customer satisfaction

833/1,000

American Family

4.2

Rating: 4.2 stars out of 5

Avg. full coverage premium

$106/mo

Avg. full coverage premium

$1,269/yr

Customer satisfaction

837/1,000

Farmers

3.8

Rating: 3.8 stars out of 5

Avg. full coverage premium

$225/mo

Avg. full coverage premium

$2,695/yr

Customer satisfaction

819/1,000

Lightbulb

How Bankrate chose the best car insurance companies in Minnesota

To identify top companies in the state, Bankrate first studied average premium data provided by Quadrant Information Services for some of the largest auto insurance companies in Minnesota by market share. We then rounded out our study by ranking each company using our proprietary Bankrate Scores.

Bankrate Scores (ranging from 0.0 to 5.0) measure a company across a range of metrics, including third-party customer service scores, nationwide availability, coverage options, digital tools and more. With this information, we hope to give our readers an easy way to evaluate a company accurately and holistically.

Bankrate logo

Why you can trust Bankrate

Read our full methodology

To help Minnesota drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

20.7K

ZIP codes examined

1.2M

quotes analyzed

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
+ MORE
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.

How to find the best car insurance in Minnesota

Pinpointing the best car insurance in MN depends on you and your unique circumstances. Since car insurance premiums are highly personalized, the best car insurance for you might not be the best option for your neighbor. Here are some things you should think about when shopping for car insurance:

!

News that affects Minnesota car owners

Keeping up with Minnesota news can help you understand what types of insurance might be right for you.

For example, MPR News recently reported that four Minnesota men are facing charges for selling $21 million worth of catalytic converters stolen from local cars. Fortunately, having comprehensive coverage can help replace your catalytic converter if targeted. While it’s a good thing that these thieves are being brought to justice, catalytic converter theft is still rampant. So, it may be smart to add comprehensive coverage to your policy if you haven’t already, especially if you routinely park on public roads.

Another news story that is more on the positive side: According to Minnesota’s Department of Natural Resources, the amount of days with measurable snowfall for the 2023-24 winter season is trending to be the lowest since 2016-17. While some Minnesotans miss the beauty of winter, this is a good thing in regard to safe driving. In the five years between 2016-2020, there were 79,165 crashes, 19,218 injuries and 181 traffic deaths that occurred during snowy or icy road conditions. Hopefully, with such a mild winter this year, these numbers will decline once reported. Nevertheless, having appropriate coverage can help protect you and your vehicle if you unfortunately end up in a collision due to poor weather conditions.

Related content:

Ready for your quote?

Answer a few questions to see personalized rates from top carriers in Minnesota

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?

In the North Star State, the average cost of auto insurance is about $2,044 per year for a full coverage policy. This is cheaper than the national average rate of $2,545 for a full coverage policy. Minimum coverage in Minnesota is $650 per year, which is also lower than the national average of $741.

While Minnesota's average premiums may be lower than the national average, its rates are rather high when compared to some nearby states. For instance, Iowa's average full coverage premium is $1,683 per year. North Dakota has a similar average full coverage premium at $1,655. Minnesota's rates may be higher because of the amount of snow the state gets, thanks to Minnesota's proximity to Lake Michigan and Lake Superior. Lots of snow leads to slippery roads and an increase in car insurance claims, which could lead to higher rates.

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

Estimate your car insurance cost in Minnesota

Average rate data is a helpful starting point in finding the best car insurance for you, but comparing personalized quotes is the best way to see which carriers could fit within your budget. Use the tool below to help you get started with personalized rates in Minnesota.

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

Frequently asked questions

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.

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

Compare rates and save on auto insurance today!

ZIP code
Close X
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 Editor II, Insurance