How to Find the Cheapest Minneapolis Car Insurance
Minneapolis, the largest city in Minnesota, nestled along the banks of the Mississippi River, this bustling metropolis is renowned for its thriving arts scene, diverse neighborhoods, and innovative industries. Minneapolis can be an exhilarating city, with its bustling streets and iconic landmarks. It is crucial to ensure that drivers have adequate car insurance coverage before hitting the road. Comparing multiple car insurance policy rates is essential in finding the most affordable option while saving both money and time. With InsuranceQuotes.com’s real-time cost data and user-friendly quote form, drivers can easily access a wide range of options all in one place. Drivers can protect themselves on their search for cheap car insurance by securing reliable auto insurance at competitive prices from InsuranceQuotes today!
How Much is the Average Cost for Car Insurance in Minneapolis, MN
- On average minimum liability costs for Minneapolis drivers is $120 a month or $1,440 a year.
- Full coverage policies cost around $303 a month or $3,637 a year.
InsuranceQuotes cost rates are pulled from our real-time auto insurance database from recent quotes in Minneapolis – Rates are based on a used car driver who is single, middle aged & has a clean driving record. Read on to learn about the cheapest local rates filtered by insurance providers, new cars, vehicle types and age.
Cheapest Car Insurance Providers in Minneapolis
- In Minneapolis on average the cheapest car insurance providers are State Farm, American Family and Owners-Insurance Co. State minimum liability car insurance starts at $54 a month or $647 a year with State Farm. Full coverage car insurance starts at $157 a month or $1,887 a year with American Family.
Here is a breakdown of average costs from the cheapest local insurance providers in Minneapolis from our cost data set of used-car drivers who are single, middle aged and have a clean driving record:
| Insurance Company: | State Minimum: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| State Farm | $647 | $54 | $2,352 | $196 |
| American Family | $860 | $72 | $1,887 | $157 |
| Owners Insurance | $944 | $79 | $3,740 | $312 |
| All State | $1,031 | $86 | $3,996 | $333 |
| Standard Fire Ins. Co | $1,577 | $131 | $3,408 | $284 |
Minnesota State Minimum Car Insurance Requirements
- Liability Coverage:
- $30,000 for bodily injury per person
- $60,000 for bodily injury per accident
- $10,000 for property damage per accident
- Personal Injury Protection (PIP):
- $40,000 for medical expenses per person
- $20,000 for non-medical expenses (such as lost wages) per person
- PIP coverage is mandatory in Minnesota and covers medical expenses and lost wages for you and your passengers, regardless of who is at fault in the accident.
- Uninsured/Underinsured Motorist Coverage (UM/UIM):
- $25,000 for bodily injury per person
- $50,000 for bodily injury per accident
These are the minimum coverage requirements mandated by the state of Minnesota. However, it’s important to note that drivers may choose to purchase higher coverage limits or additional types of coverage for more comprehensive protection.
Additionally, Minnesota also requires drivers to carry proof of insurance in their vehicles at all times and present it when requested by law enforcement officers or other authorities.
