In a NutshellWe’ve compared the cost of basic car insurance for several different driver profiles to find the cheapest car insurance in Minnesota for drivers with different credit scores, driving histories and ages. Read on to learn more about the average cost of car insurance in Minnesota and whether you could save money on your monthly payments.
Note from our editor: Maybe you’re searching for car insurance for the first time or want to do some insurance shopping to help lower your monthly premium? This article can serve as a starting point for your car insurance research. There are a lot of factors when it comes to the cost of car insurance, so while you may not see the exact premiums we’ve researched, they can give you an idea of some of the insurers offering the cheapest rates in your state.
Whether shopping at the Mall of America or enjoying Minnesota’s Boundary Waters, there’s plenty to explore in the Land of 10,000 Lakes. But it’s important to protect your ride with the right, affordable car insurance.
We estimated car insurance rates across Minnesota against basic coverage and calculated the average cost. We also found out which insurers offer the cheapest estimated rates, at minimum coverage, for different driver needs and profiles.
Factors like your age, vehicle type, mileage and coverage options determine the cost of car insurance in Minnesota. To calculate at a baseline, we used a relatively neutral driver profile — no accidents, tickets or claims, for example, for minimal coverage. That helps us evenly compare companies and better understand insurers’ rates (see our full methodology).
Your rates could be different depending on your specific needs, so we also found the cheapest car insurance options for young drivers, drivers with different credit scores and drivers with different claims histories.
Read on to learn about Minnesota’s average car insurance rates and our findings for the cheapest options.
- Cost of car insurance in Minnesota
- 5 cheapest car insurance companies in Minnesota
- Cheapest full-coverage car insurance in Minnesota
- Cheapest state-minimum car insurance in Minnesota
- Cheapest car insurance for good credit in Minnesota
- Cheapest car insurance for poor credit in Minnesota
- Cheapest car insurance for drivers with multiple claims in Minnesota
- Cheapest car insurance for young drivers in Minnesota
- Minnesota auto insurance requirements
- Is usage-based insurance available in Minnesota?
- FAQs about the cheapest car insurance rates in Minnesota
Cost of car insurance in Minnesota
Average monthly premiums for car insurance in Minnesota range from just over $60 to just under $180, depending on the type of coverage and driver profile.
Average monthly auto insurance premiums in Minnesota
|Driver or coverage||Avg. monthly cost|
|Full-coverage car insurance in Minnesota||$177.59|
|State-minimum car insurance in Minnesota||$61.06|
|Drivers with poor credit in Minnesota||$147.80|
|Drivers with multiple claims in Minnesota||$122.04|
|Young drivers in Minnesota||$90.84|
5 cheapest car insurance companies in Minnesota
We found that for most driver needs, Secura Insurance offered the lowest rates on minimal coverage. As a reminder, we calculated baseline rates based on a specific Minnesota driver profile, as detailed in our methodology. Unless otherwise noted, our Minnesota driver has a credit score between 680 and 719, is between 36 and 45 years old, has no tickets or coverage gaps, and drives a car worth between $20,000 and $30,000 (see our full methodology for more information). Your rates may vary based on your circumstances and coverage needs.
1. Secura Insurance
Secura Insurance could offer our Minnesota driver profile a policy for as little as $28.54 per month. Secura works with independent agents and has been in business since 1900. The company’s Mile-Stone® insurance program covers your car and home under one policy and one premium payment. Customers may be eligible for a wide range of discounts, including a hybrid car discount, a new home credit and a loyalty discount.
With Westfield, our Minnesota driver profile could see a monthly rate of $31.71 for basic car insurance. Westfield insures cars, boats, RVs and motorcycles through independent agents. In addition to basic coverage, the insurer offers liability, comprehensive, collision, medical payments and personal injury protection coverage.
3. North Star
North Star mutual could offer our Minnesota driver profile a basic car insurance policy for as low as $35.17 per month. Through local agents, North Star offers coverage for personal vehicles, antique and classic cars, motor homes, travel trailers, motorcycles, snowmobiles and off-road vehicles. Additional coverage options include bodily injury liability, property damage liability and personal injury protection, as well as optional collision, comprehensive, uninsured/underinsured, rental reimbursement, towing, customization and safety glass coverages.
Our Minnesota driver profile could be charged $44.25 per month for basic car insurance through Nationwide. The insurer offers a wide range of coverage options beyond its basic coverage, from bodily injury liability, property damage, personal injury and uninsured/underinsured motorist coverage, to collision, comprehensive, rental car expense, towing and gap insurance. Customers can also opt for special coverages like accident forgiveness, roadside assistance, a vanishing deductible and a total loss deductible waiver.Check out reviews of Nationwide auto insurance.
Finally, Auto-Owners Insurance could offer our Minnesota driver profile a rate of $46.38 per month on basic auto coverage. Auto-Owners sells insurance through independent agents and offers standard full coverage options. Plus, with the Personal Automobile Plus Package, customers have protection from additional incurred expenses such as identity theft, re-keying locks and replacing your cell phone.Check out reviews of Auto-Owners auto insurance.
Cheapest full-coverage car insurance in Minnesota
Full-coverage insurance can vary among insurers but generally includes bodily injury, property damage, uninsured motorist, personal protection, collision and comprehensive coverages. In Minnesota, drivers must carry minimum coverage for liability (30/60/10), PIP and uninsured/underinsured on their auto insurance policy, which is still not considered full coverage. If you lease or finance your car, your lender will likely require full coverage.
Here are the Minnesota companies that have the lowest estimated rates for drivers interested in full-coverage insurance.
5 cheapest full-coverage car insurance companies in Minnesota
|2||Farm Bureau Mutual (IA Group)||$94.33/month|
Cheapest state-minimum car insurance in Minnesota
As its name implies, state-minimum insurance is the lowest level of coverage you can carry and still drive legally in your state. Basic state-minimum insurance can help you save money on your monthly premium, but it doesn’t offer as much financial protection as more-robust insurance plans if you’re in an accident.
Here are the five cheapest car insurance companies in Minnesota for state-minimum coverage.
5 cheapest car insurance companies in Minnesota for state-minimum coverage
Cheapest car insurance for good credit in Minnesota
Your credit score is another thing insurers look at when calculating your auto insurance cost. Generally, drivers with better credit will pay less for car insurance than people who don’t have good credit.
The companies below have the lowest estimated rates on basic auto insurance coverage for drivers considered to have good credit.
5 cheapest car insurance companies in Minnesota for those with good credit
Cheapest car insurance for poor credit in Minnesota
Drivers with poor credit may have to pay a higher monthly premium for their car insurance. While having good credit is one of the best ways to keep your costs down, it’s not the only thing insurers look for when pricing insurance. You can save money on your policy by maintaining a clean driving record or qualifying for other discounts while you work to improve your credit.
The following companies have the lowest estimated rates on basic coverage for drivers with poor credit.
5 cheapest car insurance companies in Minnesota for those with poor credit
|4||West Bend Mutual||$62.24/month|
Cheapest car insurance for drivers with multiple claims in Minnesota
If you have several claims on your driving record, you’ll probably have to pay more for car insurance than a similar driver with a clean driving record.
Here are the five cheapest car insurance companies, for minimal coverage, for Minnesota drivers with multiple claims.
5 cheapest car insurance companies in Minnesota for multiple claims
Cheapest car insurance for young drivers in Minnesota
Finally, your age factors into your car insurance premium, with younger drivers costing more to insure than older drivers. Remember, this is only one factor determining your car insurance cost, and some companies provide discounts for young drivers who maintain good grades.
The car insurers that follow may offer the cheapest monthly rates for basic coverage, for drivers between the ages of 18 and 21.
5 cheapest car insurance companies in Minnesota for young drivers
Minnesota auto insurance requirements
Minnesota law requires at least $40,000 per person per accident for personal injury protection coverage. It also requires 30/60/10 liability coverage — $30,000 per person and $60,000 per accident of liability insurance, and $10,000 of property damage coverage. Finally, it requires $25,000 per person and $50,000 per accident of uninsured/underinsured motorist coverage.
Is usage-based insurance available in Minnesota?
Usage-based insurance, or UBI, is a type of vehicle insurance that allows customers to pay premiums based on their driving behavior. Some insurance companies in Minnesota offer UBI, or telematics, programs to help drivers save money on their monthly payments.
FAQs about the cheapest car insurance rates in Minnesota
Minnesota is a no-fault state, which means drivers are required to maintain personal injury protection on their vehicles, which is used to cover medical expenses, lost wages and replacement services regardless of who is at fault for the accident.
Average monthly premiums for basic car insurance in Minnesota range from just over $60 to just under $180 for our standard driver profile. But premiums can vary depending on the type of coverage and the specifics of the driver’s profile.
Driving without insurance in Minnesota is illegal and could result in a $200 fine, among other penalties.
This article’s estimated rates are for the lowest basic coverage based on the profile of a driver age 36 to 45 living in Minnesota. Unless otherwise noted, the rates displayed assume a single driver on the insurance policy with no tickets on their driving record and no claims or coverage lapses. The vehicle used in this estimate is valued between $20,000 and $30,000 and has annual mileage of 12,000 to 15,000. Estimated rates for insurance for good credit apply to scores of 720 or higher. Estimated rates for insurance for poor credit apply to scores from 350 to 579. Estimated rates for young drivers include those age 18 to 21. Estimated rates for those with multiple claims are calculated based on two claims.
Note that the rates are provided every six months by Quadrant Information Services. Quadrant Information Services doesn’t include all insurance companies in its rate data. These are estimated baseline rates meant only to provide a frame of reference and comparison. Your rates may vary depending on various factors, such as your age, vehicle driving habits, coverage and history.
The average monthly premium for full-coverage car insurance includes bodily injury, property damage, uninsured motorist, personal injury protection, collision and comprehensive coverages. The average monthly premium for state-minimum car insurance includes a Minnesota-mandated 30/60/10 no-fault insurance policy.