bestauto insuranceMinneapolis2022Compare the Cheapest Car Insurance Quotes in Minneapolis, MN
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.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Last Updated: 5/16/2022
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Mark Fitzpatrick
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In Minneapolis, State Farm offers the cheapest full coverage auto insurance on average and is cheapest for drivers with tickets. AAA offers the cheapest state minimum coverage. Rates can vary by coverage level and driver profile. Military families might be able to get lower rates from USAA. Auto-Owners received MoneyGeek’s best overall score for companies that balance affordability and service.
bestauto insuranceMinneapolis2022The Cheapest and Best Car Insurance in Minneapolis
Cheapest Overall - State Farm
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - State Farm
Best Overall - Auto-Owners Insurance Co
The Cheapest Car Insurance Companies in Minneapolis
On average, the cheapest car insurance for a full coverage policy in Minneapolis is from:
- State Farm: $943 per year
- Farmers: $977 per year
Having a military background makes you eligible for an even cheaper rate from USAA at roughly $801 annually.
Drivers in Minneapolis eyeing coverage from Progressive should know that, on average, the company has the most expensive rates with an annual premium of $1,632.
The policy averages above cover liability insurance plus comprehensive and collision insurance that covers damages to your own car. Premiums can change based on the driver’s profile and liability coverage.
Cheapest Car Insurance in Minneapolis
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$801
- 2.$943
- 3.$977
- 4.$977
- 5.$1,058
Aside from other factors detailed in the methodology, MoneyGeek based our calculations on a sample 40-year old male driver to find the average rates for full coverage in Minneapolis.
A full coverage policy is more expensive than a minimum policy because it has more coverage aside from liability insurance. This includes:
- Collision Insurance: Covers damages resulting from a car crash with a stationary object or another vehicle
- Comprehensive Insurance: Covers any damages that don’t fall under collision insurance, such as damages from theft, vandalism and natural disasters.
If you have an older car, a full coverage policy may not be the best option, especially if your premiums are worth more than your car. You can save a lot more by getting a state minimum policy.
Compare Car Insurance Rates in Minneapolis
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Minneapolis for Minimum Coverage
Buying the state minimum in Minneapolis is the cheapest option if you want to save on your premiums.
On average, the most affordable minimum coverage in Minneapolis are from
- AAA: $486 per year
- State Farm: $586 per year
Military members and their families can find the cheapest rates from USAA, which offers the cheapest minimum coverage premiums in Minneapolis at roughly $427 per year.
Progressive is the most expensive option in Minneapolis, with an average annual premium of $1,089.
With a state minimum policy, you’ll risk not being fully covered and having to pay costs that are beyond your limits out of your own pocket. Use the table to see how much liability coverage costs.
Cheapest Minimum Liability Car Insurance in Minneapolis
State Minimum
- CompanyState Minimumper year
- 1.$427
- 2.$486
- 3.$576
- 4.$586
- 5.$649
State minimum coverage is the cheapest you can buy in Minneapolis. With the lowest cost, expect to have the least coverage as well. While you will pay a cheaper premium, this comes with a risk of paying out of pocket in case of an accident where damages exceed the limit. For example, if your property damage coverage limits only cover up to $50,000 and the actual damage reaches up to $60,000, you will pay $10,000 out of pocket.
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.
Cheapest Car Insurance in Minneapolis if You Have Driving Violations
If you have a driving violation in your record, car insurance rates in Minneapolis will be expensive. The companies that offers the cheapest rates for drivers with your profile are:
- Cheapest after a ticket: State Farm, $1,036 per year
- Cheapest after an at-fault accident: American Family, $1,098 per year
- Cheapest after a DUI: State Farm, $1,036 per year
Military families can get the cheapest rates from USAA if they have a ticket.
If you want to lower your rates, you can do so by maintaining a good driving record. However, while you have a bad record, it pays to shop around for companies that offer the lowest rates after an accident.
Cheapest Car Insurance in Minneapolis With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$950
- 2.$1,036
- 3.$1,098
- 4.$1,143
- 5.$1,350
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.
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.
Compare Car Insurance Rates in Minneapolis
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
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 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:97.5
3
GEICO
Score:92.5
4
Allstate
Score:85
5
Travelers
Score:85
6
Progressive
Score:85
7
Auto Club of Southern California Insurance Group
Score:82.5
8
State Farm
Score:80
9
American Family
Score:77.5
10
Safeco
Score:77.5
11
Liberty Mutual
Score:77.5
12
Farm Bureau Ins of MI
Score:75
13
Farmers
Score:75
14
Nationwide
Score:75
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
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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