Best Car Insurance in Minnesota for 2022 Bankrate

Best Car Insurance in Minnesota for 2022 Bankrate

Best Car Insurance in Minnesota for 2022 Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Powered by Coverage.com (NPN: 19966249) Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best car insurance in Minnesota for 2022

Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Updated Oct 24, 2022 Compare car insurance rates Answer a few questions to discover real rates from top-tier carriers in your area. Your information is secure Compare rates Select from a variety of trusted carriers + MORE How it works Caret Down Tell us a little about yourself We'll only ask for info we're confident will impact your rate. That way, we can provide you with the most accurate and personalized offers. Choose which policy is best for you Compare your options from a list of carriers that want to get you insured. You can then move forward with as many as you'd like. Lock in your rate and policy details Once you're confident in your selected carrier, finish up the process online or on the phone with a trusted agent. And that's it!

On This Page

In 2018, there were just under in the state of Minnesota. Every driver is required to carry car insurance to protect themselves and other drivers on the road. The average cost of car insurance in Minnesota is $1,643 per year for a full coverage policy, according to Bankrate's 2021 study of quoted annual premiums. To help drivers find the best auto insurance in Minnesota, our insurance editorial team assessed policies from several top insurers in the state to narrow down the best offerings. See More Compare rates and save on auto insurance today! Get quotes Close X

Best car insurance companies in Minnesota

Drivers can purchase auto insurance from a number of different . To make your search a little easier, we put together a list of the best Minnesota auto insurance companies, based on market share, average rates, coverages, discounts and customer satisfaction reviews. We also gave each company a Bankrate Score, which accounts for factors like price, coverage, customer service and financial strength as outlined in our Methodology below. Car insurance company Bankrate Score Average annual full coverage premium J.D. Power customer satisfaction score (Central region) Geico 4.6 $1,467 845 / 1,000 State Farm 4.4 $3,856 847 / 1,000 Progressive 4.1 $1,394 837 / 1,000 Allstate 3.6 $2,726 826 / 1,000 Farmers 3.5 $4,471 848 / 1,000 This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Discover the best carrier for you 

Get custom car insurance quotes from top-rated carriers in 3 minutes or less.

Geico

Geico is rated above average for overall customer satisfaction in the 2021 J.D. Power's U.S. Auto Insurance Study for the Central region and has an A++ financial strength rating from . Geico is known for being one of the cheapest car insurance companies in Minnesota. The company also offers great discounts for federal employees, military personnel, safe drivers and more. However, Geico offers basic coverage. Some may find it perfect for Minnesota drivers who need a bare-bones policy and are looking for the lowest rate. Learn more:

State Farm

State Farm is one of the most reputable insurance companies in the U.S. and insures more drivers than any other company. In Minnesota, State Farm's average premiums are more expensive, but the company has a variety of discounts for extra savings. Drivers can also personalize their policy with several endorsements, including rideshare insurance. State Farm may be a great option for young drivers in Minnesota who can take advantage of its teen and safe driver discounts. The company has an above-average J.D. Power ranking or overall customer satisfaction in the Central region. Learn more:

Progressive

Progressive is known for offering some of the best car insurance discounts. There are savings for bundling your policies, paying your premium in full, being a good student, being a safe driver and many more. Safe drivers can by enrolling in rewards program. Policyholders tend to enjoy Progressive's helpful online resources, like the Name Your Price Tool, which allows you to build a policy within your budget. For more coverage, you can add gap insurance, custom parts coverage, roadside assistance and more. Learn more:

Allstate

Allstate is one of the biggest names in auto insurance. The provider may be a good option for Minnesota drivers who want to add to their coverage with endorsements. Some of the add-ons available from Allstate include sound system insurance, accident forgiveness, new car replacement coverage and rental car reimbursement. You could by qualifying for discounts or bundling your policies. Additionally, Allstate offers a pay-per-mile program called Milewise, which could be useful if you drive infrequently. Learn more:

Farmers

In the 2021 J.D. Power U.S. Auto Insurance Study, Farmers ranks as the second best company for overall customer satisfaction in the Central region. Farmers offers some of the best endorsements on the market, including original equipment manufacturer coverage, guaranteed value coverage and others. The biggest downside to Farmers may be that its rates are much higher than average in Minnesota. However, the company offers lots of discounts that could help lower your rate. There are savings for being claims-free, bundling your policies and enrolling in the Signal safe driver program, as well as state-specific discounts. Learn more:

Average cost of car insurance in Minnesota

In the North Star State, the is about $1,643 per year for a full coverage policy. This is slightly cheaper than the of $1,674 for a full coverage policy. Average annual premium for minimum coverage in Minnesota Average annual premium for full coverage in Minnesota $537 $1,643

Minnesota city Average annual premium for full coverage Average annual premium for minimum coverage $1,980 $828

State minimum insurance requirements in Minnesota

Auto insurance is required by law in Minnesota. All drivers must have a minimum of , as well as uninsured and underinsured motorist coverage (UM/UIM) and personal injury protection (PIP) to satisfy the state’s . Here is what coverages are required: $30,000 in bodily injury liability per person $60,000 in bodily injury liability per accident $25,000 in UM/UIM coverage per person $50,000 in UM/UIM coverage per accident $10,000 in property damage liability coverage per accident $40,000 in personal injury protection , and the amount of coverage required has a big impact on the average premium. In Minnesota, a minimum coverage insurance policy is often the cheapest option. However, it is a good idea to increase your liability coverage limits or purchase a full coverage policy for more protection. If you lease or finance your vehicle, a full coverage policy may be required.

How to get the best car insurance

Getting the depends on you and your unique circumstances. The best car insurance for you might not be the best option for your neighbor. Here are some things you should consider when shopping for car insurance: Evaluate your individual needs: You may have particular needs that impact your car insurance decision. For example, if you have children who are about to start driving, you will likely consider the cost of adding a teen driver to your policy. Many insurance companies offer teen driving discounts and good student discounts, which can help you save on your insurance premiums. Consider state factors: The number of uninsured and teen drivers in your area code, the theft rate and demographics all affect your insurance premium prices. According to the III, in Minnesota are uninsured, which means obtaining a higher amount of uninsured motorist coverage may be a good option to protect you from out-of-pocket costs for any no-fault accidents.

Car insurance discounts in Minnesota

One of the best ways to get is to look for companies that offer discounts. Here are some of the discounts that most car insurance companies in Minnesota offer: Pay in full discount: If you choose to pay your annual premium upfront and in full, you can probably save some money on your insurance policy. Good student discount: Good students who maintain a set minimum GPA in high school or college often qualify for reduced premiums. Claim-free discount: If you have no insurance claims on your record within the last few years, many insurance companies will lower your rate. AutoPay discount: Enrolling in automatic payments can help you get a better rate if you choose to pay your premium monthly or quarterly. While all of these discounts are available in Minnesota, the exact savings will vary. For example, Progressive’s good student discount can help you , but the same discount from State Farm can . When comparing insurance companies, it is a good idea to look at the average savings for every discount you qualify for to get the best rate.

Frequently asked questions

It depends. The amount of coverage you need should be based on how much risk you are willing to take on. You can ask yourself how much you can afford to pay out-of-pocket if your vehicle got damaged or totaled in an accident, in addition to any medical expenses you might incur from injuries. Most insurance experts recommend full coverage to offer the most financial protection.

To get an , you will need to provide your address, the make, model and year of your car, and birthdate. You will likely be asked about your driving habits, such as if you drive for commuting purposes or for recreation, and your history of accidents. You might also have to enter the VIN number for your vehicle so the insurance company can review your accident history and get a better sense of the car's condition.

A minimum coverage policy, which is required in Minnesota, includes personal liability insurance, uninsured and underinsured motorist coverage and personal injury protection. A full coverage policy includes these coverages, plus collision and comprehensive coverage. Keep in mind that drivers who lease or finance their car through a lender are often required to carry a full coverage policy until the loan is repaid.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Written by Elizabeth Rivelli Insurance Contributor Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work.
Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!