You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the technical advice and tools needed to succeed throughout life ’ s fiscal journey. Bankrate ’ s column team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow nonindulgent guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. so, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and dependable information. We measure your trust. Our mission is to provide readers with accurate and unbiased data, and we have column standards in invest to ensure that happens. Our editors and reporters thoroughly fact-check column contentedness to ensure the data you ’ rhenium reading is accurate. We maintain a firewall between our advertisers and our column team. Our column team does not receive target compensation from our advertisers. Bankrate follows a rigorous column policy, so you can trust that we ’ re putting your interests beginning. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. All providers discussed on our site are vetted based on the prize they provide. And we constantly review our criteria to ensure we ’ re putting accuracy first. Our indemnity team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer serve, policy features and savings opportunities — so you can feel confident about which provider is right for you. Bankrate follows a rigorous editorial policy, so you can trust that we ’ re putting your interests first. All of our content is authored by highly qualify professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and worthy of your confidence. Founded in 1976, Bankrate has a long lead record of helping people make ache fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making work and giving people confidence in which actions to take next. While we adhere to strict editorial integrity, this stake may contain references to products from our partners. here ‘s an explanation for how we make money. This content is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. In 2018, there were just under 80,000 car accidents in the state of Minnesota. Every driver is required to carry car policy to protect themselves and other drivers on the road. The average cost of car insurance in Minnesota is $1,643 per year for a full coverage policy, according to Bankrate ’ randomness 2021 study of quoted annual premiums. To help drivers find the best car policy in Minnesota, our insurance editorial team assessed policies from respective top insurers in the state to narrow down the best offerings .
Best car insurance companies in Minnesota
Drivers can purchase car policy from a count of different car insurance companies in Minnesota. To make your search a little easier, we put together a list of the best minnesota car insurance companies, based on market share, median rates, coverages, discounts and customer satisfaction reviews. We besides gave each caller a Bankrate Score, which accounts for factors like price, coverage, customer service and fiscal potency as outlined in our Methodology below .
| Car insurance company | Bankrate Score | Average annual full coverage premium | J.D. Power customer satisfaction score (Central region) |
|---|---|---|---|
| Geico | 4.6 | $1,467 | 845 / 1,000 |
| State Farm | 4.4 | $3,856 | 847 / 1,000 |
| Progressive | 4.1 | $1,394 | 837 / 1,000 |
| Allstate | 3.6 | $2,726 | 826 / 1,000 |
| Farmers | 3.5 | $4,471 | 848 / 1,000 |
Geico
Geico is rated above modal for overall customer atonement in the 2021 J.D. Power ’ s U.S. Auto Insurance Study for the Central area and has an A++ fiscal potency evaluation from AM Best. Geico is known for being one of the cheapest car indemnity companies in Minnesota. The party besides offers bang-up discounts for federal employees, military personnel, safe drivers and more. however, Geico offers basic coverage. Some may find it perfect for Minnesota drivers who need a bare-bones policy and are looking for the lowest rate. Learn more: Geico Insurance inspection
State Farm
state farm is one of the most reputable insurance companies in the U.S. and insures more drivers than any other company. In Minnesota, State Farm ’ second average premiums are more expensive, but the party has a variety of discounts for extra savings. Drivers can besides personalize their policy with several endorsements, including rideshare indemnity. State farm may be a great option for young drivers in Minnesota who can take advantage of its adolescent and safe driver discounts. The ship’s company has an above-average J.D. Power rank or overall customer satisfaction in the Central region. Learn more: State Farm Insurance review
Progressive
Progressive is known for offering some of the best car insurance discounts. There are savings for bundling your policies, paying your agio in full moon, being a good scholar, being a safe driver and many more. safe drivers can save an average of $ 146 by enrolling in Progressive ’ s Snapshot rewards program. Policyholders tend to enjoy Progressive ’ s helpful on-line resources, like the Name Your Price Tool, which allows you to build a policy within your budget. For more coverage, you can add opening policy, custom parts coverage, roadside aid and more.
Read more: Best car insurance companies for 2022
Learn more: Progressive Insurance review
Allstate
Allstate is one of the biggest names in car indemnity. The provider may be a good option for Minnesota drivers who want to add to their coverage with endorsements. Some of the add-ons available from Allstate include voice system indemnity, accident forgiveness, new cable car replacement coverage and rental cable car reimbursement. You could save money by qualifying for discounts or bundling your policies. additionally, Allstate offers a pay-per-mile program called Milewise, which could be useful if you drive infrequently. Learn more: Allstate Insurance recapitulation
Farmers
In the 2021 J.D. Power U.S. Auto Insurance Study, Farmers ranks as the second best company for overall customer gratification in the Central area. Farmers offers some of the best endorsements on the market, including master equipment manufacturer coverage, guaranteed respect coverage and others. The biggest downside to Farmers may be that its rates are much higher than modal in Minnesota. however, the company offers lots of discounts that could help lower your rate. There are savings for being claims-free, bundling your policies and enrolling in the Signal dependable driver plan, deoxyadenosine monophosphate well as state-specific discounts. Learn more: Farmers Insurance revue
Average cost of car insurance in Minnesota
In the North Star State, the average cost of car policy is about $ 1,643 per year for a full coverage policy. This is slightly cheaper than the national average rate of $ 1,674 for a full coverage policy .
| Average annual premium for minimum coverage in Minnesota | Average annual premium for full coverage in Minnesota |
|---|---|
| $537 | $1,643 |
-
Minnesota city Average annual premium for full coverage Average annual premium for minimum coverage Minneapolis, Minnesota $1,980 $828
State minimum insurance requirements in Minnesota
car insurance is required by law in Minnesota. All drivers must have a minimum of 30/60/10 personal indebtedness indemnity, angstrom well as uninsured and underinsured motorist coverage ( UM/UIM ) and personal injury protection ( PIP ) to satisfy the state ’ sulfur no-fault laws. here is what coverages are required :
- $30,000 in bodily injury liability per person
- $60,000 in bodily injury liability per accident
- $25,000 in UM/UIM coverage per person
- $50,000 in UM/UIM coverage per accident
- $10,000 in property damage liability coverage per accident
- $40,000 in personal injury protection
car policy rates vary by state, and the come of coverage required has a boastful impact on the average premium. In Minnesota, a minimum coverage indemnity policy is often the cheapest option. however, it is a good theme to increase your liability coverage limits or purchase a entire coverage policy for more protection. If you lease or finance your vehicle, a entire coverage policy may be required .
How to get the best car insurance
Getting the best car policy depends on you and your unique circumstances. The best cable car insurance for you might not be the best option for your neighbor. hera are some things you should consider when denounce for car indemnity :
- Evaluate your individual needs: You may have particular needs that impact your car insurance decision. For example, if you have children who are about to start driving, you will likely consider the cost of adding a teen driver to your policy. Many insurance companies offer teen driving discounts and good student discounts, which can help you save on your insurance premiums.
- Consider state factors: 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, 9.9% of drivers in Minnesota are uninsured, which means obtaining a higher amount of uninsured motorist coverage may be a good option to protect you from out-of-pocket costs for any no-fault accidents.
Car insurance discounts in Minnesota
One of the best ways to get low-cost car indemnity in Minnesota is to look for companies that offer discounts. here are some of the discounts that most car policy companies in Minnesota offer :
- Pay in full discount: If you choose to pay your annual premium upfront and in full, you can probably save some money on your insurance policy.
- Good student discount: Good students who maintain a set minimum GPA in high school or college often qualify for reduced premiums.
- Claim-free discount: If you have no insurance claims on your record within the last few years, many insurance companies will lower your rate.
- AutoPay discount: Enrolling in automatic payments can help you get a better rate if you choose to pay your premium monthly or quarterly.
While all of these discounts are available in Minnesota, the demand savings will vary. For exercise, Progressive ’ s good student discount rate can help you save an average of 10 %, but the same dismiss from State Farm can save you up to 25 %. When comparing indemnity companies, it is a good theme to look at the average savings for every rebate you qualify for to get the best rate .
Frequently asked questions
Do I need more coverage than what is required?
It depends. The total of coverage you need should be based on how much risk you are will to take on. You can ask yourself 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. Most insurance experts recommend full coverage to offer the most fiscal protective covering .
What information is needed to get car insurance in Minnesota?
To get an car insurance quote, you will need to provide your address, the shuffle, model and year of your car, and birthdate. You will probable be asked about your driving habits, such as if you drive for commuting purposes or for diversion, and your history of accidents. You might besides have to enter the VIN number for your fomite so the policy company can review your accident history and get a better sense of the car ’ mho condition .
What is the difference between minimum coverage and full coverage?
A minimum coverage policy, which is required in Minnesota, includes personal liability policy, uninsured and underinsured motorist coverage and personal injury auspices. A full coverage policy includes these coverages, plus collision and comprehensive coverage. Keep in take care that drivers who lease or finance their car through a lender are much required to carry a full coverage policy until the lend is repaid.
Read more: The 7 Best Car Insurance Companies (2022)
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 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 clean drive read, good credit rating and the come 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 minimal coverage limits, Bankrate used minimum coverages that meet each department of state ’ second requirements. Our basis profile drivers own a 2019 Toyota Camry, change five days a workweek and drive 12,000 miles annually. These are sample distribution rates and should only be used for relative purposes .