Best, Cheap Minnesota Car Insurance

Best, Cheap Minnesota Car Insurance

Minnesota drivers looking for the cheapest car policy should start by getting quotes from Farm Bureau, USAA and State Farm, if possible. After surveying companies that serve the North Star State, we found these three are the best options for cheap car coverage. Each offers car policy rates that are cheaper than the state average of $ 92 a calendar month for minimum coverage and $ 178 for fully coverage .
We recently looked at the premium cost, policy offerings and customer satisfaction scores of the biggest car policy companies operating in Minnesota to help you get your best, cheapest quote .

How much does car insurance cost in Minnesota?

minnesota car policy costs an average of $ 92 a calendar month if you get the minimal sum of coverage the express requires. This is 5 % higher than the home average rate of $ 87 a month. Minnesota ‘s average wax coverage rate of $ 178 a calendar month lines up with the national average .

Average car insurance rate by region
Region Minimum coverage Full coverage
U.S. $87 $178
Minnesota $92 $178
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Minnesota ‘s high car indemnity rates are largely due to it being a no-fault state. This means that no matter who is responsible for an car accident, all drivers involved can file claims with their own indemnity providers to cover their own injuries and damages. policy providers will raise their rates in rate to cover this extra cost. other factors that can affect your car policy quote are :

  • The age of your car
  • How expensive it is
  • Your personal insurance claim history

Who has the cheapest car insurance in Minnesota?

We looked at the seven most popular car insurance companies underwriting in Minnesota and found USAA to have the cheapest average rate for minimum coverage at $ 38 a calendar month. farm Bureau has the cheapest average full coverage rate of $ 69 monthly .

Cheapest minimum car insurance in Minnesota, by rate
Minimum coverage Monthly
USAA $38
Farm Bureau $40
State Farm $50
American Family $58
Allstate $92
MN Average $92
GEICO $101
Auto Owners $150
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Cheapest full coverage car insurance in Minnesota, by rate
Full coverage Monthly
Farm Bureau $69
USAA $92
State Farm $94
American Family $105
Allstate $178
MN Average $178
GEICO $204
Auto Owners $299
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Minnesota’s best car insurance companies

USAA, Farm Bureau and State Farm stand out as the best insurers in Minnesota. here ‘s why :

USAA: Cheapest rates and best for military veterans

USAA ‘s average car indemnity pace of minimal coverage in Minnesota is $ 38 a calendar month. The downside of USAA is that it only offers cable car insurance for military personnel and veterans. If you ‘re not in the military, Farm Bureau is your best stake .
however, if you ‘re one of the more than 327,000 veterans living in Minnesota, you can take advantage of USAA ‘s “ best-of-the-best ” customer service. In J.D. Power ‘s 2021 U.S. Auto Insurance Study, USAA received a score of 909 out of 1,000. USAA is rated in the sketch but not counted in J.D. Power ‘s annual ranking due to the provider only offering coverage to military personnel. USAA would rank at the lead, otherwise .

Farm Bureau: second-cheapest rates and best customer satisfaction

grow Bureau has the next cheap average minimum coverage car indemnity premium in Minnesota at $ 40 a calendar month, 19 % lower than the state average. They have the top brassy wax coverage rate in Minnesota at $ 69 a month, 61 % cheaper than the express average pace of $ 178 .
farm Bureau besides offers excellent customer atonement. It received a 0.04 rat on the National Association of Insurance Commissioners ( NAIC ) charge exponent. This rat shows an insurance caller ‘s ability to deal with claims-oriented problems such as title filing issues and payouts. The national average complaint index score is 1.0, and the lower the score, the better .

State Farm: Most used

State Farm ‘s minimal coverage car policy pace is $ 50 a calendar month, 46 % cheaper than the country average rate of $ 92 a calendar month. State Farm ‘s average fully coverage pace is $ 94 a calendar month, 47 % less than the Minnesota department of state average.

On top of that, it besides is the most popular car insurance provider in the state. According to the Insurance Information Institute, State Farm had a 16.2 % marketplace parcel of the home car indemnity industry in 2021 .
State Farm ‘s high respect comes partially from its reputation. In J.D. Power ‘s 2021 U.S. Auto Insurance Study, State Farm held a rate of 892 out of 1,000, higher than the national average of 880. This fink is based on factors including placard and title procedure, customer serve and policy offerings .

Minnesota car insurance requirements

Minnesota law requires drivers to carry the follow liability cable car policy limits :

  • Bodily injury per person:$30,000
  • Bodily injury per accident:$60,000
  • Property damage liability per accident:$10,000

due to being a no-fault express, Minnesota drivers are besides required to carry the trace amounts of personal injury security ( PIP ) and uninsured/underinsured motorist policy :

  • Personal injury protection:$40,000
  • Uninsured motorist insurance per person:$25,000
  • Uninsured motorist insurance per accident: $50,000
  • Underinsured motorist insurance per person:$25,000
  • Underinsured motorist insurance per accident: $50,000

While these limits fulfill state legal requirements, they should n’t be considered adequate protection. If you were responsible for a major accident, chances are minimal coverage would not cover good injury or refilling of a totaled car. Any costs beyond the limits of your policy would have to be paid out of your pocket. To avoid this fiscal risk, we recommend you raise your liability coverage limits to :

  • Bodily injury per person: $100,000
  • Bodily injury per accident: $300,000
  • Property damage liability per accident: $100,000

Methodology

We used Quadrant Information Services to generate thousands of cable car insurance quotes from every ZIP code in Minnesota from the follow providers :

  • Allstate
  • American Family
  • Auto Owners
  • Farm Bureau
  • GEICO
  • State Farm
  • USAA

Our sample distribution driver is a 35-year-old male with a clean phonograph record who drives a 2012 Honda Accord LX 13,500 miles per year .

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