How Much Is Car Insurance in Minnesota? (August 2024)


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Updated: September 10, 2024

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In Minnesota, drivers pay around $1,242 per year for full coverage car insurance and $556 for minimum coverage.

Various factors can influence the price you pay. Your age, the coverage level you choose, where you live, your driving record and your credit history all play roles in determining your car insurance premium. Finding an affordable plan that also gives you adequate protection is important. Remember that a good driving record and healthy credit score can help make your insurance more affordable.

Why 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 a variety of Minnesota drivers.

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These rates reflect the average cost of car insurance in Minnesota as of August 2024.

33,288Quotes Analyzed
 
15Companies Compared
 
61ZIP Codes

Average Car Insurance Costs in Minnesota

The average cost of full coverage car insurance in Minnesota is $1,242 per year. Knowing the average car insurance cost helps you evaluate whether you receive an affordable quote from your insurer. Comparing car insurance quotes is also recommended to understand your options better.

Below is 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.Average Annual Premium$1,242Average Monthly Premium$104
100/300/100 Liability OnlyAverage Annual Premium$646Average Monthly Premium$54
State Minimum Liability OnlyAverage Annual Premium$556Average Monthly Premium$46

Why Are Car Insurance Rates Moderate in Minnesota?

Car insurance in Minnesota is generally moderate in cost. The average annual premium for full coverage with a $1,000 deductible is $1,242 or $104 per month, while the minimum liability-only insurance costs an average of $556 per year or $46 per month. Minnesota's rates are slightly less expensive overall than the national average cost of car insurance, which is $1,317 annually or $110 per month for full coverage and $607 annually or $51 per month for minimum coverage.

Various factors influence the cost of car insurance in Minnesota, such as the lower-than-average number of uninsured drivers, the moderate climate reducing the number of weather-related claims and state regulations around insurance.

Average Car Insurance Costs in Minnesota by Company

Car insurance premiums can vary significantly between companies within the same state. In Minnesota, AAA offers the cheapest full coverage at an average of $860 per year, while GEICO has the most expensive average premium at $1,965 per year.

Understanding this difference in costs underscores the importance of comparing quotes to find the cheapest car insurance rates. Reviewing different providers could lead to substantial savings on your car insurance policy.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
AAAAnnual Premium$860Monthly Premium$72
American FamilyAnnual Premium$882Monthly Premium$73
West Bend MutualAnnual Premium$946Monthly Premium$79
Iowa Farm BureauAnnual Premium$1,039Monthly Premium$87
Auto-Owners Insurance CoAnnual Premium$1,058Monthly Premium$88
TravelersAnnual Premium$1,070Monthly Premium$89
WestfieldAnnual Premium$1,102Monthly Premium$92
State FarmAnnual Premium$1,274Monthly Premium$106
AllstateAnnual Premium$1,377Monthly Premium$115
NationwideAnnual Premium$1,381Monthly Premium$115
Farmers Union InsuranceAnnual Premium$1,473Monthly Premium$123
Country FinancialAnnual Premium$1,475Monthly Premium$123
Western NationalAnnual Premium$1,488Monthly Premium$124
GEICOAnnual Premium$1,965Monthly Premium$164
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Average Car Insurance Costs in Minnesota by Coverage Level

The cost of car insurance in Minnesota is also affected by the level of coverage selected. For instance, the average monthly cost for minimum coverage is $46, contrasted with the $104 average annual cost for the full coverage option with a $1,000 deductible. Despite the price difference, full coverage insurance is recommended for its comprehensive protection against various incidents.

While comprehensive and collision coverage will raise your insurance premium, opting for higher deductibles can mitigate the increase. It's important to understand that the deductible applies individually to each comprehensive and collision claim you make.

State Minimum Liability OnlyAverage Annual Premium$556Average Monthly Premium$46
100/300/100 Liability OnlyAverage Annual Premium$646Average Monthly Premium$54
300/500/300 Liability OnlyAverage Annual Premium$768Average Monthly Premium$64
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$1,171Average Monthly Premium$98
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$1,183Average Monthly Premium$99
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$1,229Average Monthly Premium$102
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,242Average Monthly Premium$104
300/500/300 Full Cov. w/$1,500 Ded.Average Annual Premium$1,304Average Monthly Premium$109
300/500/300 Full Cov. w/$1,000 DedAverage Annual Premium$1,317Average Monthly Premium$110
State Minimum Liability w/ Full Cov. w/$500 Ded.Average Annual Premium$1,323Average Monthly Premium$110
100/300/1000,000 - 500 comp_collAverage Annual Premium$1,382Average Monthly Premium$115
300/500/300 Full Cov. w/$500 Ded.Average Annual Premium$1,456Average Monthly Premium$121

Minimum Car Insurance Requirements in Minnesota

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.

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    $30,000 for bodily injury liability per person

    This coverage pays for injuries to others if you're at fault in an accident.

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    $60,000 for bodily injury liability per accident

    This is the total amount that your policy would cover for injuries per accident.

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    $10,000 for property damage liability per accident

    This amount covers damage to another person's property when you're at fault.

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    $25,000 uninsured motorist bodily injury per person

    This provides protection if you're hit by a driver who doesn't have insurance.

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    $50,000 uninsured motorist bodily injury per accident

    This covers bodily injuries per accident caused by an uninsured driver.

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    $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.

Average Car Insurance Costs in Minnesota by City

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 an average cost of $1,287 per year.

Factors such as your age, driving record and the type of car you drive influence your car insurance rates in Minnesota. Where you live within the state, how much you drive and the coverage options you select also impact the cost of your car insurance.

MinneapolisFull Coverage Annual Premium$1,258Minimum Coverage Annual Premium$661
RochesterFull Coverage Annual Premium$941Minimum Coverage Annual Premium$444
St. PaulFull Coverage Annual Premium$1,287Minimum Coverage Annual Premium$696

Average Car Insurance Costs in Minnesota by Age

Age is a significant factor in Minnesota's car insurance rates. Drivers aged 22 to 29 typically face the highest premiums, with costs gradually decreasing as drivers age and gain experience. By the time drivers reach 60, they tend to pay lower rates, reflecting a long history of safe driving.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,531Average Monthly Premium$128
30-59Average Annual Premium$1,242Average Monthly Premium$104
60 +Average Annual Premium$1,137Average Monthly Premium$95

Average Car Insurance Costs in Minnesota for Teens

In Minnesota, age and gender are factors that determine car insurance rates. When added to a family policy, 16-year-old male drivers often face the highest premiums at around $2,553 per year. Teens under 18 typically cannot legally purchase car insurance without a parent or guardian co-signer. If a young driver opts for an individual policy, the cost skyrockets to approximately $4,785 per year.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$2,553Individual Premium$4,785
17Added to Family Policy Premium$2,442Individual Premium$3,773
18Added to Family Policy Premium$2,132Individual Premium$3,278
19Added to Family Policy Premium$1,930Individual Premium$2,744
20Added to Family Policy Premium$1,936Individual Premium$2,334
21Added to Family Policy Premium$1,595Individual Premium$1,915
22Added to Family Policy Premium$1,502Individual Premium$1,767
23Added to Family Policy Premium$1,545Individual Premium$1,562
24Added to Family Policy Premium$1,458Individual Premium$1,475
25Added to Family Policy Premium$1,268Individual Premium$1,278

Average Car Insurance Costs in Minnesota for New Cars

The average annual cost of full coverage car insurance for a 2012 vehicle is $1,008, while a 2022 model costs significantly more at $1,283.

This premium increase is due to the higher actual cash value of newer models, more expensive repair costs and a greater risk of theft. For drivers with newer vehicles, it's wise to consider comprehensive and collision coverage. This type of policy covers expenses from various incidents, ensuring better protection for your investment.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$1,008Monthly Premium$84
2022 VehicleAnnual Premium$1,283Monthly Premium$107
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ACTUAL CASH VALUE

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.

Average Car Insurance Costs in Minnesota by Driving Record

In Minnesota, the average cost for car insurance can vary significantly based on your driving record:

  • With a ticket: $1,512 per year; $126 per month
  • With an at-fault accident: $1,724 per year; $144 per month
  • With a DWI: $2,290 per year; $191 per month

The kind of violation you have makes a difference in how much you pay. The more severe the violation, the more your premiums go up. Your premiums will remain higher as long as the violation is on your driving record. For example, a DWI in Minnesota can stay on your driving record for up to 10 years.

The table below shows how much car insurance might cost you in Minnesota, based on coverage and age group and whether you have a clean record or one with violations.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$1,242Average Monthly Premium$104
TicketAverage Annual Premium$1,512Average Monthly Premium$126
At-fault AccidentAverage Annual Premium$1,724Average Monthly Premium$144
DUIAverage Annual Premium$2,290Average Monthly Premium$191

Average Car Insurance Costs in Minnesota by Credit Score

The average cost of car insurance in Minnesota significantly fluctuates depending on your credit score, ranging from $828 per year for excellent credit to $2,357 for poor credit.

A good credit score is generally between 670 and 739. Scores above this range are deemed very good or excellent, while scores below this range can be classified as fair or poor. Your credit score influences the affordability of your insurance.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$828Monthly Premium$69
GoodAnnual Premium$1,016Monthly Premium$85
FairAnnual Premium$1,269Monthly Premium$106
Below FairAnnual Premium$1,714Monthly Premium$143
PoorAnnual Premium$2,357Monthly Premium$196
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Factors Affecting Car Insurance Rates in Minnesota

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:

  • Age and Driving Experience: Younger drivers in Minnesota often face higher premiums due to their perceived inexperience in driving, which insurers associate with a higher risk of accidents.

  • Driving Record: A clean driving record with no violations or accidents usually results in lower car insurance costs, while a history of tickets or collisions can significantly increase rates.

  • Credit Score: In Minnesota, insurers may consider your credit score when setting rates. Lower scores potentially lead to more expensive car insurance.

  • Location: Rates can vary depending on where you live in Minnesota. Urban areas typically have higher insurance premiums due to increased risks of theft, vandalism and accidents.

  • Vehicle Type: The make, model and year of your car influence your insurance rate. Higher-value vehicles usually cost more to insure due to higher potential repair costs.

  • Coverage Type: Opting for collision insurance or comprehensive insurance will increase your premium compared to having minimum coverage auto insurance.

  • Claims History: Drivers in Minnesota with a history of filing claims may be deemed higher risk and could see higher insurance rates.

How to Save Money on Car Insurance in Minnesota

To get affordable car insurance in Minnesota, compare quotes, raise your deductible and leverage all available discounts to minimize costs on your minimum coverage or more comprehensive policy.

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    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.

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    Maintain a Clean Driving Record

    A clean driving record with no accidents or violations can significantly lower your insurance premiums, as it indicates responsible driving behavior.

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    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.

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    Increase Your Deductible

    Opting for a higher deductible can decrease the monthly premium. Ensure you have enough savings to cover the deductible if needed.

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    Look for Discounts

    Insurance companies offer various discounts such as safe driving, good students or for having anti-theft devices installed in your vehicle.

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    Consider Vehicle Type

    The type of vehicle you drive affects your insurance rates. Choose a car that's less expensive to insure, typically those with good safety records.

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    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.

FAQ: Car Insurance Costs in Minnesota

Understanding the average cost of car insurance in Minnesota is essential for budgeting and financial planning. Learn about factors that influence car insurance and how to find the right coverage for your needs.

What are the minimum car insurance requirements in Minnesota?
What is the average cost of full coverage and minimum coverage auto insurance in Minnesota?
What is the average cost of car insurance for a 22-year-old in Minnesota?
What are the cheapest car insurance companies in Minnesota?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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.