Updated: November 14, 2024
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Minnesota drivers pay around $1,285 per year for full coverage car insurance or $579 for minimum coverage.
Several factors affect your car insurance premium, including your age, coverage level, location, driving record and credit history. A good driving record and a healthy credit score can help lower your insurance costs.
MinnesotaCar InsuranceCostsWhy Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Minnesota Department of Commerce - Insurance to get the most precise average costs for various Minnesota drivers.
These rates reflect the average cost of car insurance in Minnesota as of November 2024.
Minnesota's average annual cost of full coverage car insurance is $1,285. Knowing the average cost helps you evaluate whether you receive an affordable or high quote for your budget. Comparing car insurance quotes is also recommended to find the best rate for you.
Here’s a summary of what you might pay for auto insurance in Minnesota, including rates for minimum coverage and full coverage policies.
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,285 | $107 |
| 100/300/100 Liability Only | $664 | $55 |
| State Minimum Liability Only | $579 | $48 |
Car insurance costs in Minnesota are generally moderate. The average annual premium for full coverage with a $1,000 deductible is $1,285 or $107 per month, while the minimum liability-only insurance averages $579 per year, or $48 per month. Minnesota's rates are lower than the national average costs of car insurance, which are $1,358 annually or $113 per month for full coverage and $628 annually or $52 per month for minimum coverage.
Factors influencing car insurance costs in Minnesota include a lower-than-average number of uninsured drivers, severe weather and the state's accident rate.
Car insurance premiums vary widely between companies within the same state. In Minnesota, American Family offers the cheapest full coverage at an annual average of $882, while GEICO is the most expensive at $1,965.
Understanding this cost difference highlights the importance of comparing quotes to find the cheapest car insurance in Minnesota. Reviewing different providers can help you save significantly on auto insurance.
| American Family | $882 | $73 |
| AAA | $933 | $78 |
| West Bend Mutual | $946 | $79 |
| Iowa Farm Bureau | $1,039 | $87 |
| Travelers | $1,052 | $88 |
| Westfield | $1,054 | $88 |
| Auto-Owners Insurance Co | $1,058 | $88 |
| State Farm | $1,274 | $106 |
| Allstate | $1,377 | $115 |
| Farmers Union Insurance | $1,473 | $123 |
| Nationwide | $1,523 | $127 |
| Western National | $1,672 | $139 |
| Country Financial | $1,740 | $145 |
| GEICO | $1,965 | $164 |
The choice of coverage level affects the cost of car insurance in Minnesota. Monthly premiums for minimum coverage average $48, while full coverage with a $1,000 deductible costs about $107. Despite the higher cost, full coverage insurance is recommended for its broader protection against various incidents.
Adding comprehensive and collision coverages will raise your premium, but opting for higher deductibles can help reduce the increase. The deductible, such as the $1,000 for full coverage, applies separately to comprehensive and collision coverage.
| State Minimum Liability Only | $579 | $48 |
| 100/300/100 Liability Only | $664 | $55 |
| 300/500/300 Liability Only | $783 | $65 |
| State Minimum Liability w/ Full Cov. w/$1,500 Ded. | $1,206 | $101 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $1,226 | $102 |
| 100/300/100 Full Cov. w/$1,500 Ded. | $1,265 | $105 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $1,285 | $107 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $1,341 | $112 |
| 300/500/300 Full Cov. w/$1,000 Ded | $1,361 | $113 |
| State Minimum Liability w/ Full Cov. w/$500 Ded. | $1,378 | $115 |
| 100/300/1000,000 - 500 comp_coll | $1,437 | $120 |
| 300/500/300 Full Cov. w/$500 Ded. | $1,513 | $126 |
In Minnesota, the minimum car insurance requirements include $30,000 for bodily injury per person, $60,000 for bodily injury per accident, $10,000 for property damage liability per accident, uninsured/underinsured coverage of $25,000 per person and $50,000 per accident and $40,000 personal injury protection (PIP) per person.
$30,000 for bodily injury liability per person
This coverage pays for injuries to others if you're at fault in an accident.
$60,000 for bodily injury liability per accident
This is the total amount that your policy would cover for injuries per accident.
$10,000 for property damage liability per accident
This amount covers damage to another person's property when you're at fault.
$25,000 uninsured motorist bodily injury per person
This provides protection if you're hit by a driver who doesn't have insurance.
$50,000 uninsured motorist bodily injury per accident
This covers bodily injuries per accident caused by an uninsured driver.
$40,000 personal injury protection (PIP) per person
PIP coverage pays for medical expenses, lost wages and other non-medical costs, regardless of who's at fault.
Your location in Minnesota significantly affects your car insurance premiums. Rochester is the cheapest city for full coverage at around $941 per year, while St. Paul is the most expensive at $1,287.
Age, driving record, car type, location, mileage and coverage options all influence your car insurance rates.
| Minneapolis | $1,258 | $661 |
| Rochester | $941 | $444 |
| St. Paul | $1,287 | $696 |
Drivers aged 22 to 29 typically face the highest premiums, averaging $1,588 annually, with costs gradually decreasing as drivers age and gain experience. When drivers reach 30 to 59, they tend to pay around $1,285. For those 60+, the rates are the lowest at about $1,177 per year, reflecting a long history of safe driving.
| 22-29 | $1,588 | $132 |
| 30-59 | $1,285 | $107 |
| 60 + | $1,177 | $98 |
In Minnesota, age and gender are critical factors in determining car insurance rates. A 16-year-old male driver on a family policy can expect premiums of around $2,553 annually. If the teen purchases an individual policy, the cost jumps to about $4,785 annually. Teens under 18 typically need a parent or guardian co-signer to buy insurance.
The average annual cost of full coverage car insurance for a 2012 vehicle is $1,008, while a 2022 model costs more at $1,283.
This premium increase is due to newer models' higher actual cash value, more expensive repair costs and a greater risk of theft. For drivers with newer vehicles, consider getting comprehensive and collision coverages for financial protection against loss due to various incidents.
| 2012 Vehicle | $1,008 | $84 |
| 2022 Vehicle | $1,283 | $107 |
Your vehicle's actual cash value (ACV) is the amount your insurance company will typically pay if your car is totaled or stolen. It reflects your vehicle's market value at the time of the loss, considering depreciation. This ACV is the basis for settlement amounts in comprehensive or collision claims, ensuring claims are resolved with fair compensation for the vehicle's worth.
In Minnesota, the average cost of car insurance varies significantly based on driving record:
The severity of your violation affects your car insurance premiums. More serious violations lead to higher premiums, which remain high as long as the violation stays on your record. For example, a DWI in Minnesota can stay on your record for up to 10 years.
The table below shows Minnesota's car insurance costs based on coverage, age group and whether you have a clean record or violations.
| Clean | $1,285 | $107 |
| Ticket | $1,560 | $130 |
| At-fault Accident | $1,775 | $148 |
| DUI | $2,345 | $195 |
The average cost of car insurance in Minnesota varies based on your credit score, with annual premiums ranging from $828 for excellent credit to $2,357 for poor credit.
A good credit score typically falls between 670 and 739. Scores above this range are considered very good or excellent, while scores below are considered fair or poor.
| Excellent | $828 | $69 |
| Good | $1,016 | $85 |
| Fair | $1,269 | $106 |
| Below Fair | $1,714 | $143 |
| Poor | $2,357 | $196 |
Understanding the factors affecting car insurance rates in Minnesota can guide you to more affordable plans. Here's what influences how much you'll pay:
To get affordable car insurance in Minnesota, compare quotes, raise your deductible and leverage all available discounts to minimize costs.
Shop around for options
Comparing rates from different insurers can lead to finding the cheapest car insurance in Minnesota. Don't settle for the first quote you receive.
Maintain a clean driving record
A clean driving record with no accidents or violations can significantly lower your insurance premiums, indicating responsible driving behavior.
Bundle insurance policies
Purchasing auto insurance together with other policies like home insurance from the same company can unlock discounts and lead to more affordable rates.
Increase your deductible
Opting for a higher deductible can decrease the monthly premium. Ensure you have enough savings to cover the deductible if needed.
Look for discounts
Insurance companies offer discounts such as safe driving, good students or anti-theft devices in your vehicle.
Consider car type
The type of vehicle you drive affects your insurance rates. Choose a less expensive car to insure, typically those with good safety records.
Review coverage annually
Regularly review your policy and coverage to ensure it still meets your needs and that you're not paying for unnecessary extras.
We answer common questions about the average cost of car insurance in Minnesota, offering insights into factors that influence premiums and how to reduce your premium.
The minimum car insurance requirements in Minnesota include $30,000 for bodily injury per person, $60,000 for bodily injury per accident, $10,000 for property damage liability per accident, uninsured/underinsured coverage of $25,000 per person and $50,000 per accident and $40,000 personal injury protection (PIP) per person.
The average cost of full coverage car insurance in Minnesota is $1,285 per year or $107 per month. Minimum coverage typically costs $579 per year or $48 monthly.
The average annual costs of car insurance for a 22-year-old in Minnesota are $1,588 per year ($132 per month) for full coverage with a $1,000 deductible, $796 per year ($66 per month) for 100/300/100 liability only and $690 per year ($58 per month) for minimum coverage.
Westfield and West Bend Mutual are the cheapest car insurance companies in Minnesota for minimum coverage, with average annual premiums at $284 and $391, respectively.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
