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


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Updated: June 19, 2024

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In Minnesota, drivers pay around $1,155 per year for full coverage car insurance and $526 for minimum coverage.

The price you pay can be influenced by various factors. 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. It's important to find a cheap plan that also gives you adequate protection. 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 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 June 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 $1,155 per year. Knowing the average car insurance cost helps you evaluate if you receive an affordable quote from your insurer. Comparing car insurance quotes is also recommended to better understand your options.

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$1,155Average Monthly Premium$96
100/300/100 Liability OnlyAverage Annual Premium$611Average Monthly Premium$51
State Minimum Liability OnlyAverage Annual Premium$526Average Monthly Premium$44

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 $1,155 or $96 per month, while the minimum liability-only insurance costs an average of $526 per year or $44 per month. Minnesota's rates are slightly less expensive overall compared with the national average cost of car insurance, which is $1,244 per year or $104 per month for full coverage and $573 per year or $48 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, severe weather conditions that can cause accidents and state regulations around insurance.

Average Car Insurance Costs in Minnesota by Company

Car insurance premiums can vary significantly from one company to another within the same state. In Minnesota, AAA offers the cheapest full coverage annually at $813, while GEICO has the most expensive average premium at $1,607 per year.

Understanding this difference in costs underscores the importance of comparing quotes to find the cheapest car insurance rates. Taking time to review 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$813Monthly Premium$68
Iowa Farm BureauAnnual Premium$857Monthly Premium$71
NationwideAnnual Premium$866Monthly Premium$72
American FamilyAnnual Premium$886Monthly Premium$74
WestfieldAnnual Premium$1,004Monthly Premium$84
Auto-Owners Insurance CoAnnual Premium$1,058Monthly Premium$88
TravelersAnnual Premium$1,086Monthly Premium$91
State FarmAnnual Premium$1,166Monthly Premium$97
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

Your choice of coverage level also impacts your car insurance costs in Minnesota. The average monthly cost for minimum coverage is $44. This is cheaper than the cost of full coverage with a $1,000 deductible, which is around $96 per month. Despite being pricier, full coverage car insurance is recommended for its comprehensive financial protection against various incidents on and off the road.

Adding comprehensive and collision coverages will increase your premium, but you can mitigate this by selecting higher deductibles. Remember that comprehensive and collision coverage have their own individual deductible amount, defining how much you'll pay out of pocket if you have to file a claim.

State Minimum Liability OnlyAverage Annual Premium$526Average Monthly Premium$44
100/300/100 Liability OnlyAverage Annual Premium$611Average Monthly Premium$51
300/500/300 Liability OnlyAverage Annual Premium$724Average Monthly Premium$60
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$1,089Average Monthly Premium$91
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$1,099Average Monthly Premium$92
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$1,144Average Monthly Premium$95
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,155Average Monthly Premium$96
300/500/300 Full Cov. w/$1,500 Ded.Average Annual Premium$1,213Average Monthly Premium$101

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 $941 per year, while St. Paul is the most expensive at $1,287.

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. Younger drivers aged 22 to 29 generally pay more at around $1,429 per year. Drivers aged 30 to 59 and in their 60s and over pay less, averaging $1,155 and $1,060 per year, respectively. This pattern reflects the increased risk insurers associate with younger drivers, leading to higher premiums; rates gradually lessen as drivers accumulate more experience and are perceived as less risky.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,429Average Monthly Premium$119
30-59Average Annual Premium$1,155Average Monthly Premium$96
60 +Average Annual Premium$1,060Average Monthly Premium$88

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

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 plan 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: $1,413 per year, $118 per month
  • With an at-fault accident: $1,599 per year, $133 per month
  • With a DWI: $2,092 per year, $174 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.

You can look over the table below by coverage and age group to see how much car insurance might cost you in Minnesota, 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$1,155Average Monthly Premium$96
TicketAverage Annual Premium$1,413Average Monthly Premium$118
At-fault AccidentAverage Annual Premium$1,599Average Monthly Premium$133
DUIAverage Annual Premium$2,092Average Monthly Premium$174

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 considered to be 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 based 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


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.