Average cost of auto insurance in Minnesota (2021 rate)

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The average cost of auto insurance in Minnesota is $ 537 per year for minimum coverage and $ 1,643 per year for full coverage insurance, which is slightly lower than the national average of $ 565 and 1,674. $ for minimum and full coverage. These are average rates, and several factors determine your actual rate when purchasing auto insurance.

How Much Does Auto Insurance Cost in Minnesota?

Some of the factors that can affect your auto insurance rates include the type of car you drive and the amount of coverage you need, the city you live in, your driving record, and your age. Understanding how some of these things can influence your premium can help you find the best rates when looking for auto insurance in Minnesota.

Minnesota Auto Insurance Rates By Company

We compared several of the major insurers in Minnesota. We’ve found that West Bend and USAA are solid choices if you’re only looking for the minimum state-required coverage, while the Iowa Farm Bureau and State Farm offer great rates for full coverage.

Auto insurance company Average annual premium for minimum coverage Average annual premium for full coverage
AAA $ 487 $ 1,777
Allstate $ 549 $ 1,614
American family $ 590 $ 1,176
Car owners $ 430 $ 1,366
Financial Country $ 519 $ 2,022
Geico 540 $ $ 2,051
Iowa Agricultural Office $ 370 $ 1,015
MetLife $ 793 $ 2,011
Mutual Etoile du Nord $ 319 $ 1,421
QBE $ 1,127 $ 2,214
State farm $ 483 $ 1,167
United States $ 461 $ 1,491
West curve $ 380 $ 1,306
Western National $ 470 $ 1,739

Minnesota Auto Insurance Rates by City

Minnesota is a large state with diverse communities that range from urban to rural. Drivers in major Minnesota cities generally see higher premiums than those living in rural or suburban areas. We’ve broken down the average fares for Minnesota’s 20 most populous cities below to give you an idea of ​​what to expect based on where you live. Drivers in Minneapolis, the state’s largest city, can expect to pay some of the state’s highest fares, at 21% above the Minnesota average.

City Average annual premium for full coverage % increase in average annual premium
Minneapolis $ 1,980 21%
St. Paul $ 1,948 19%
Rochester $ 1,500 -9%
Duluth $ 1,555 -5%
Bloomington $ 1,621 -1%
Brooklyn park $ 1,784 9%
Plymouth $ 1,561 -5%
Saint Cloud $ 1,550 -6%
Eagan $ 1,590 -3%
Woodbury $ 1,593 -3%
Sugar bush $ 1,567 -5%
Coon Rapids $ 1,673 2%
Eden prairie $ 1,536 -7%
Burnsville $ 1,614 -2%
Lakeville $ 1,579 -4%
Blaine $ 1,653 1%
Minnetonka $ 1,577 -4%
Apple valley $ 1,583 -4%
Mankato $ 1,445 -12%
Edina $ 1,615 -2%

Minnesota Auto Insurance Rates by Age

Young drivers are considered to be at higher risk due to their inexperience behind the wheel. Statistically, they are also responsible for more accidents and fatalities than other age groups, making them more expensive to insure. Most drivers will see their premiums decrease with age, as long as they keep a good driving record and don’t file a lot of claims.

* 16 years calculated on the disclosure of the parents’ policy

Minnesota Auto Insurance Rates by Driving Record

Insurance companies focus on safe drivers and reward them with some of the best auto insurance rates. On the other hand, a fine for an accident or speeding could considerably increase your premiums. A single DUI could increase your rates by more than 50 percent.

Driving incident Average Annual Full Coverage Premium in Minnesota % increase in average annual premium
Speeding $ 2,062 20%
Accident $ 2,298 29%
DUI $ 3,443 52%

How To Save On Auto Insurance In Minnesota

Things like age and location that affect your auto insurance rates cannot be controlled, but there may be other ways to lower your auto insurance rates in Minnesota.

  • Get quotes periodically: Get in the habit of checking that other carriers’ auto insurance rates compare to what you are currently paying. You can find better rates from another company, which is worth switching operators.
  • Ask for discounts: Almost all auto insurance companies offer discounts that can help you lower your premiums. For example, you can benefit from a rate reduction to set up automatic payments, consolidate your vehicle and your tenants or your home insurance, stay with the same supplier over time or even change companies.
  • Look for affiliation or organization offers: Some carriers offer exclusive discounts to people who work for a specific employer, belong to an association, or attend a partner university or college.
  • Take out accident discount insurance: An accident could increase your premiums by up to 29 percent on average. Opting for accident waiver coverage could protect you from a steep increase if you only have occasional accidents.

Frequently Asked Questions

How Much Does Auto Insurance Cost in Minnesota?

The average annual cost of auto insurance in Minnesota is $ 1,643 for full insurance and $ 537 for state minimum, just below the national average. Keep in mind that actual rates vary and depend on several unique factors.

What are the cheapest auto insurance companies in Minnesota?

Again, actual rates will vary, but Bankrate’s study on Minnesota’s cheapest auto insurance found that AAA and State Farm offer very competitive rates for full coverage. It’s a good idea to shop around and compare the rates and coverage options that suit your situation.

How Much Car Insurance Do I Need in Minnesota?

You will need at least 30/60/10 for liability coverage, which is $ 30,000 for bodily injury per person, $ 60,000 per accident and $ 10,000 for property damage. In addition, you will need uninsured / underinsured motorist insurance of $ 25,000 in bodily injury per person and $ 50,000 in bodily injury per accident, as well as personal injury coverage of $ 40,000. .

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:

  • $ 100,000 liability for bodily injury per person
  • $ 300,000 liability for bodily injury per accident
  • Civil liability for property damage of $ 50,000 per accident
  • $ 100,000 in bodily injury caused by an uninsured motorist per person
  • $ 300,000 in uninsured bodily injury per accident to a motorist
  • $ 500 collision deductible
  • Global deductible of $ 500

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.


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