Auto insurance in Minneapolis costs $1,233 per year on average. That is $24 more than Minnesota’s statewide average. The most affordable, widely available insurance in the city costs an average of $943 per year from State Farm. MoneyGeek’s analysis includes driving history and coverage amounts to help you to find the best insurance rate for your specific profile.
bestauto insuranceMinneapolis2021The Cheapest and Best Car Insurance in Minneapolis
Cheapest Overall - State Farm
Best Overall - Auto-Owners Insurance Co
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - State Farm
The Cheapest Car Insurance Companies in Minneapolis
The cheapest car insurance for a full coverage policy in Minneapolis is from:
- USAA: $801 per year (offered to former and current military members only)
- State Farm: $943 per year
The average costs used in this study are for a sample 40-year-old male driver with full coverage car insurance. The policy covers liability insurance and comprehensive and collision insurance that covers damages to your own car.
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- CompanyAmountper year
- 1.$801
- 2.$943
- 3.$977
- 4.$977
- 5.$1,058
Average Cost of Car Insurance in Minneapolis
Minneapolis$1,223
Minnesota$1,199
U.S.$1,424
Drivers in Minneapolis pay an average of $1,223 every year, which is 2% more expensive than the average car insurance in the state. Yet, that annual rate is 14.1% more affordable than the average rate in the United States, which means you could be paying less than what most drivers in the country do just because you live in Minneapolis.
The Best Car Insurance Companies in Minneapolis
Drivers in Minneapolis looking for quality service and affordable coverage can find an ideal insurer using MoneyGeek’s recommendation of the city’s best companies. Based on these scores, the best car insurance providers in the city for most drivers are:
- Auto-Owners: MoneyGeek score of 98 out of 100
- GEICO: MoneyGeek score of 93 out of 100
USAA received the highest score in Minneapolis by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek calculated these scores based on various factors, including J.D. Power’s affordability, financial stability and customer satisfaction scores.
1
USAA
Score:100
2
Auto-Owners Insurance Co
Score:98
3
GEICO
Score:93
4
Allstate
Score:85
5
Travelers
Score:85
6
Progressive
Score:85
7
Auto Club of Southern California Insurance Group
Score:83
8
State Farm
Score:80
9
American Family
Score:78
10
Safeco
Score:78
11
Liberty Mutual
Score:78
12
Farm Bureau Ins of MI
Score:75
13
Farmers
Score:75
14
Nationwide
Score:75
Personalized Quotes to Get You the Cheapest Car Insurance in Minneapolis
When you are looking for the best car insurance rate in Minneapolis, it is best to shop around and ask for personalized quotes from different companies. Each company has different standards and weighs various circumstances differently to determine their ideal rate for you. These factors include your ZIP code, age, the model and make of the car you drive, your driving history and more. These factors change over time, so it is always best to look at personalized quotes from multiple companies to ensure you're getting the best rate available to you.
Shopping around for car insurance in Minneapolis could save you $280, which is enough to buy:
93Cups of Coffee
22Months of Your Favorite Streaming Service
Cheapest Car Insurance in Minneapolis by Coverage Amount
In Minneapolis and other cities, the coverage amount you buy determines how much you pay for car insurance. For instance, a policy that only meets the state minimum requirements costs $750 per year on average. In contrast, a full coverage policy costs $1,223 per year, $473 more than the minimum liability policy.
Minnesota Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$30,000 per person, $60,000 per accident and $10,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
- Personal Injury Protection$40,000 per person.
For all residents of Minneapolis, the state minimum liability requirement coverage is most affordable at an average of $486 from AAA. USAA is the cheapest option overall, at an average of $427, but that is only available for members of the military and their families.
Expanded coverage will provide you with more protection. A 50/100/50 liability-only plan costs $531 from AAA. That will cover $50,000 for one person’s injury, $100,000 for all the injuries in the accident and $50,000 for auto damages. For $939, you can have a 50/100/50 full coverage from AAA, which will provide you with additional coverage.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$427$468
- 2.$486$531
- 3.$586$645
- 4.$576$623
- 5.$649$694
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$761$801
- 2.$939$977
- 3.$900$943
- 4.$943$977
- 5.$1,079$1,116
Cheapest Car Insurance in Minneapolis if You Have Driving Violations
A driver with a clear driving record may pay an average of $943 for State Farm auto insurance. Premiums will increase if a person is cited for traffic violations. A speeding ticket will warrant a $93 increase in the AAA premium, while an at-fault accident violation will mean an increase of $186. A DUI violation may increase a person's rate to $1,036.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$1,036$1,129$1,036
- 2.$1,098$1,098$1,098
- 3.$950$1,128$1,491
- 4.$1,143$1,338$1,370
- 5.$1,485$1,467$2,269
Average Cost of Car Insurance by Postal Code
A person's ZIP code affects how much car insurance companies charge them for insurance. Car insurance companies consider the region's road conditions, accident rate, car-theft rates and more. The region of Minneapolis with the most expensive auto insurance average (55433) may pay an average of $1,401 a year, while residents of the region's cheapest ZIP code (55407) may pay $1,121 a year.
- Zip CodeState Minimumper year
- 55433$1,121
- 55423$1,155
- 55443$1,214
- 55407$1,401
Insurance Providers That Serve Minneapolis
Factors That Impact Insurance Costs in Minneapolis
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Minneapolis. How Minneapolis ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Minneapolis are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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