Best Minneapolis, MN Car Insurance in 2024
Car insurance for Minneapolis drivers has average rates of $137.75/mo with six different liability requirements. Coverage is available from the nationally known car insurance companies and smaller agencies.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Oct 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Minneapolis residents must follow the car insurance requirements of the state of Minnesota
- Minnesota has more car insurance requirements than most states, so the average car insurance premium there is higher than other places
- The winter weather also causes insurance rates to be higher due to the increased risk of an accident
- Minnesota is a no-fault state
Those who live and drive in Minneapolis may be looking for new car insurance due to the requirements there.
Try our FREE quote comparison tool to see how much you can save on car insurance today!
Minneapolis is a city that isn’t a stranger to extremes. When it comes to the climate or the city rates Minneapolis companies charge, this city is unique.
Even so, the drivers in this city can benefit from comparing auto insurance quotes to receive the lowest rates they can find in the city.
Minneapolis Auto Insurance Requirements
Below you will find more detailed information on auto insurance requirements in Minneapolis, MN.
Monthly Minneapolis, MN Car Insurance Rates by ZIP Code
Find more info about the monthly Minneapolis, MN car insurance rates by ZIP Code below:
Minneapolis, MN Car Insurance Rates by Company vs. City Average
The cheapest Minneapolis, MN auto insurance company can be discovered below. You then might be asking, “How do those rates compare against the average Minnesota auto insurance company rates?” We cover that as well.
The Cheapest Minneapolis, MN Car Insurance Rates by Credit Score
Your credit score will play a major role in your Minneapolis, MN auto insurance rates unless you live in these states where discrimination based on credit is not allowed: California, Hawaii, and Massachusetts. Find the cheapest Minneapolis, Minnesota auto insurance rates by credit score below.
Minneapolis, MN Car Insurance Rates vs. Top US Metro Car Insurance Rates
Which city you live in will have a major affect on car insurance. That’s why it’s essential to compare Minneapolis, Minnesota against other top US metro areas’ auto insurance rates.
The Cheapest Minneapolis, MN Car Insurance Rates by Coverage Level
Your coverage level will play a significant role in your Minneapolis, MN auto insurance rates. Find the cheapest Minneapolis, MN auto insurance rates by coverage level below:
Average Monthly Car Insurance Rates by Age & Gender in Minneapolis, MN
These states no longer use gender to calculate your auto insurance rates — Hawaii, Massachusetts, Michigan, Montana, and North Carolina, Pennsylvania. But age is still a big factor because young drivers are considered high-risk drivers in Minneapolis. Minnesota does use gender, so check out the average monthly auto insurance rates by age and gender in Minneapolis, MN.
Minneapolis, MN Car Insurance Rates by Company and Age
Minneapolis, Minnesota auto insurance rates by company and age is an essential comparison because the top auto insurance company for one age group may not be the best company for another age group.
The Cheapest Minneapolis, MN Car Insurance Rates by Driving Record
Your driving record will affect your Minneapolis auto insurance rates. For example, a Minneapolis, Minnesota DUI may increase your auto insurance rates 40 to 50 percent. Find the cheapest Minneapolis, MN auto insurance rates by driving record.
Read more: What are the DUI insurance laws in Minnesota?
Factors Affecting Car Insurance Rates in Minneapolis, MN
Factors affecting auto insurance rates in Minneapolis, MN may include your commute, coverage level, tickets, DUIs, and credit. Controlling these risk factors will ensure you have the cheapest Minneapolis, Minnesota auto insurance.
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Basic Information
The driving conditions can be harsh in Minneapolis. It’s part of a state that experiences very low temperatures in the winter and some of the highest temperatures in the summer.
The lowest recorded temperature reached -60 degrees Fahrenheit, with the highest temperature climbing to 114 degrees Fahrenheit.
Low temperatures can create difficult and dangerous driving conditions for people in Minneapolis.
The roads become icy, covered with snow and the blizzards can reduce visibility for drivers considerably. These conditions make car collisions a very real possibility for everyone driving on Minneapolis roads.
Statistics
Of all the fatal car collisions that happen in Minneapolis, several reasons for why they happen have been identified. Some of these reasons are:
- Driving above the speed limit
- Driving while doing something else such as texting
- Driving under the influence of alcohol or drugs
- Turning the vehicle too abruptly to avoid an accident
- Refusing to yield
- Following too close behind another vehicle
- Poor car maintenance
- Inexperience
Laws for Auto Insurance in Minneapolis
A full tort car insurance system allows for people to sue each other. These lawsuits can be long and costly, especially when they are associated with car collisions.
When a state has a tort system, someone must be found at fault when car accidents occur so that the at-fault party can be held responsible for the bodily injuries and the property damage they cause to third parties.
Some states have grown weary of this process and have decided to become no-fault states. Minnesota is one of those states; therefore, every driver with car insurance is going to need to be no fault insurance.
When state car insurance requires no-fault stipulations, this means that lawsuits are kept to a minimum. For example, no one will have to prove that the other driver is the one that hit them.
This saves the person who has been hit from having to wait until the matter can be settled in court before they will receive payment for their medical and property repair bills.
People who live in no-fault states are required to purchase Personal Injury Protection (PIP) insurance for their own personal injuries.
When they are involved in a car collision with a third party, both parties go to their own insurance companies for payment of their medical bills and they are paid right away.
These drivers may not sue each other for their non-medical issues such as pain and suffering and the inability to return to work after the accident.
PIP insurance will take care of each driver’s medical bills. If they will need to undergo any rehabilitation, the PIP insurance will pay these bills.
It will also pay the drivers’ salaries if they are forced to miss work in order to recover from the accident. PIP insurance covers several people in many different situations.
It will cover the following:
- The policyholder, no matter who was at fault
- Passengers riding with the policyholder at the time of the collision
- The pedestrians who might be hit by vehicles involved in the crash
No-fault states have eliminated the need to find fault where bodily injuries are concerned, but this is not so for property damage; in order to decide which insurance company will pay to repair the third party’s vehicle, the fault has to be assigned.
Because of this, Minneapolis minimum car insurance has to include liability coverage for property damage.
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Requirements in Minneapolis
Even though Minneapolis is in one of the no-fault states as described above, the residents are still required to purchase liability coverage for bodily injuries as they are in tort states. They are also required to purchase PIP insurance for their own bodily injuries.
These mandatory minimums are equal to:
- $30,000 bodily injury liability coverage for one person
- $60,000 bodily injury liability coverage for the accident
- $10,000 property damage liability coverage for all property repair bills
- $40,000 PIP insurance for one person with $20,000 designated toward the medical bills and the other $20,000 designated toward lost wages
- $15,000 each for uninsured or underinsured motorist coverage for one person
- $30,000 each for uninsured or underinsured motorist coverage for two or more persons
Uninsured motorists are those who are driving without any coverage in Minnesota at all. An underinsured motorist will have purchased the minimums listed above, but it will be insufficient to cover all of the medical bills.
Uninsured motorist coverage will pay for the driver’s and their passengers’ medical bills, lost wages if they are unable to work after the accident and pain and suffering if they are hit by an uninsured driver.
It will also make payments to these people if the vehicle has been hit by a hit-and-run driver.
Drivers in Minneapolis are required to purchase $25,000 uninsured motorist insurance for one person and $50,000 uninsured motorist insurance for more than one person.
Underinsured motorist coverage will take over the payments after the underinsured motorist’s coverage has been depleted. Drivers must have the same minimum amounts for this type of coverage as they have for their uninsured motorist coverage.
Average Rates
Minneapolis requirements are some of the highest in the union. Drivers are also required to purchase a lot more coverage than in the other states.
In most states, people must purchase the two bodily injury liability amounts and property damage liability coverage; they are not all required to purchase PIP insurance or uninsured motorist/underinsured motorist liability.
Because drivers in Minneapolis have to purchase so much more insurance coverage than they do in most other states, the average Minneapolis auto insurance rates are higher than the national averages.
The average price of car insurance for Minneapolis is $1,652.94. This number is also higher than the average for the state of Minnesota which is much lower at $1,178.47.
Minneapolis Auto Insurance Companies
Because drivers in Minneapolis must purchase so much insurance coverage and it can be very costly, these drivers benefit greatly from comparing quotes with our free search tool.
Minneapolis auto insurance is already highly expensive, and some people provoke companies to charge them high rates because of something in their past or because they belong to the wrong demographic.
One reason that drivers will be charged high rates is if they have low credit scores. Minneapolis car insurance companies are looking for the most reliable people to purchase their auto insurance.
If applicants demonstrate themselves in any way to be unreliable, the insurance companies believe that these people will also be unreliable in paying their insurance premiums.
If people in Minneapolis seek quotes from more than one Minneapolis insurance company, they will come across a company that is willing to charge them less than the other insurance companies even though they have low credit scores.
When they find these low quotes, these drivers can present this information to their current Minneapolis insurance companies to show that someone else would be more appreciative of their business.
This act may convince these insurance companies to lower their rates; the last thing that insurance companies want to do is lose their loyal, paying customers.
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Car Insurance Agencies in Minneapolis
In Minneapolis, the nationally known car insurance companies have a presence, but they also have smaller agencies that can meet Minneapolis drivers’ needs.
These agencies make their customers as happy as the larger companies and they might even offer people more personalized attention.
The necessity for drivers in Minneapolis to compare quotes with our quote comparison is manifested in the fact that Minneapolis rates are so high.
The best way that drivers can resist their insurance companies charging them some of the highest rates in the country is to compare quotes with our free zip code search.
It doesn’t take drivers any time at all; in just minutes, they can have several quotes to compare and they will not have to pay for the service. Try our quote comparison tool today for FREE, and save on your car insurance. Enter your ZIP code below!
Frequently Asked Questions
Is car insurance more expensive in Minneapolis, MN compared to other cities?
The cost of car insurance can vary depending on several factors, including the location where the vehicle is primarily driven. In general, urban areas like Minneapolis, MN tend to have higher insurance rates due to factors such as higher population density, increased traffic, and a greater likelihood of accidents or theft. However, insurance rates can still vary based on individual factors such as driving history, age, and the specific coverage options chosen.
What factors affect the cost of car insurance in Minneapolis, MN?
Several factors can influence the cost of car insurance in Minneapolis, MN, including:
- Driver’s age, gender, and marital status
- Driving history and claims record
- Vehicle make, model, and year
- Annual mileage and usage of the vehicle
- ZIP code and location within Minneapolis
- Credit history of the driver
- Coverage options and deductibles chosen
Should I only consider price when comparing car insurance in Minneapolis, MN?
While price is an important factor to consider, it should not be the sole determining factor when comparing car insurance in Minneapolis, MN. It’s crucial to strike a balance between cost and coverage. Consider the coverage options, deductibles, and discounts offered by each insurance company. Assess their reputation, customer service, and financial stability. Choosing a reputable insurer that offers adequate coverage and excellent customer service may provide greater value and peace of mind, even if the premiums are slightly higher.
What types of coverage are recommended for car insurance in Minneapolis, MN?
The recommended types of coverage for car insurance in Minneapolis, MN typically include:
- Liability coverage: Protects against bodily injury and property damage liability if you’re at fault in an accident.
- Personal injury protection (PIP): Provides coverage for medical expenses and lost wages for you and your passengers in the event of an accident.
- Uninsured/underinsured motorist coverage: Protects you if you’re involved in an accident with a driver who lacks insurance or has insufficient coverage.
- Comprehensive coverage: Covers damages to your vehicle resulting from incidents other than collisions, such as theft, vandalism, or natural disasters.
- Collision coverage: Covers damages to your vehicle resulting from a collision with another vehicle or object.
Are there any specific discounts available for car insurance in Minneapolis, MN?
Insurance companies often offer various discounts that may be applicable to car insurance in Minneapolis, MN. Some common discounts include:
- Safe driver discount: Reward for maintaining a clean driving record.
- Multi-policy discount: Savings for bundling multiple insurance policies, such as home and auto insurance, with the same provider.
- Good student discount: Discount for students who maintain good grades.
- Vehicle safety features: Discounts for having safety features such as anti-lock brakes, airbags, or anti-theft devices installed in your vehicle.
- Pay-in-full discount: Savings for paying the entire premium upfront instead of monthly installments.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
