Who Has the Cheapest Auto Insurance Quotes in Minnesota? – ValuePenguin

best cheap car insurance in minnesota

cheapest auto insurance quotes in minnesota: state farm

state farm offers the lowest auto insurance rates for minimum coverage auto insurance for most Minnesota drivers. On average, State Farm charges $460 per year for coverage, which is 36% cheaper than the state average. Drivers can also find affordable coverage from american family, geico and car owners, though the average cost of coverage from these companies is of $179 per year. more expensive than state farm quotes.

Minnesota drivers can also find affordable usaa auto insurance, which is only available to active and retired military and their families. usaa has the most affordable quotes in the state, with an average rate of $369 per year for minimum coverage.

Reading: How much is car insurance in minnesota

Minimum coverage auto insurance policies only meet the minimum requirements of Minnesota state law. liability only coverage does not include comprehensive and collision coverage, unlike a comprehensive coverage policy. And while minimum coverage is much cheaper than full coverage, low coverage can mean you won’t be able to pay in full for damages after a car accident.

cheapest full coverage auto insurance in minnesota: state farm

state farm offers the cheapest full coverage auto insurance in minnesota. the insurer’s quote of $1,105 per year is 38% more affordable than the state average.

drivers can also find affordable rates for comprehensive coverage from car owners and american family. The average cost of coverage from these two insurers is $1,538 per year, which is $241 cheaper than the state average.

cheap car insurance for drivers with previous incidents

If you have incidents like an at-fault collision, speeding ticket, or DUI on your driving record, your auto insurance rates are likely to see a noticeable increase. That means it’s even more important to check with multiple insurers to find the most affordable options for you.

state farm offers the most affordable auto insurance for drivers with speeding tickets. the insurer’s rate is $1,196 per year for full coverage, or 45% cheaper than average. Getting a speeding ticket will increase your auto insurance rates by an average of 23%, though not as much as being involved in an accident.

state farm offers the lowest rates for drivers with an accident on their driving record. The insurer charges 54% less for coverage than the state average, averaging $1,288 per year for comprehensive coverage.

Having an at-fault accident on your record can lead to significantly higher insurance rates. After an accident, the average cost of coverage in Minnesota increases by $1,036 per year, on average.

See also: The Cheapest Car Insurance Rates in North Carolina – ValuePenguin

minnesota drivers with a dui can find the cheapest auto coverage from state farm. State Farm’s average annual fee of $2,243 for comprehensive coverage is 36% cheaper than the average for drivers with a DUI history.

The cost of auto insurance in Minnesota after a DUI is 96% more expensive than the cost for drivers with a clean record.

minnesota drivers with bad credit can find the cheapest coverage from state farm. the company’s rate is $2,054 per year for full coverage, 35% less than the state average.

It is common for insurers to raise auto insurance rates for drivers with poor credit because it could indicate that they are more likely to file claims. In Minnesota, this means a 43% increase in rates per year for drivers with bad credit.

the cheapest car insurance for young drivers: state farm

In minnesota, state farm offers the most affordable auto insurance for drivers 18 and under, for both minimum coverage and full coverage. the company’s minimum policies cost $1,086 per year, which is less than half the average price in the state.

car owners and allstate also have cheap quotes of less than $2,000 per year for teen drivers with a minimum coverage policy.

Young drivers with a speeding ticket can also find affordable auto insurance at state farm. the insurer’s rate for these drivers, $1,205 per year for minimum coverage, is less than half the state average.

Young drivers in an accident can find the lowest rates at state farm, which charges 55% less than average, at $1,325 per year for minimum coverage. rates are expected to increase by an average of 45% for young drivers after they are involved in an at-fault crash.

cheapest car insurance quotes for married drivers: state farm

state farm has the cheapest auto insurance quotes for married drivers in minnesota, charging $1,105 per year for full coverage, though they don’t offer a discount for married drivers. overall, married drivers pay 8% less than the state average.

It is common for insurers to lower the cost of coverage for married people, as married drivers tend to have fewer accidents. geico, farmers, usaa and allstate charge single drivers more than married drivers.

best auto insurance companies in minnesota

See also: How much is Aimovig without insurance?

usaa and state farm are our top recommendations for the best auto insurance companies in minnesota, based on their customer service, policy offerings, and low rates . we also take into account j.d. power auto insurance claims satisfaction survey and am best financial stability ratings.

however, usaa is not available to all drivers, as only military service members, veterans, and certain family members can get policies. auto-owners is also a good auto insurance company in minnesota, with low rates and personalized customer service. When shopping for car insurance, it’s important to consider both service and cost to ensure the best experience if you ever have to file a claim.

minnesota car insurance requirements

Minnesota requires minimum auto insurance coverage for all drivers:

While these limits are the lowest level of auto insurance you need, you should consider adding more coverage. A serious accident could require you to pay significant out-of-pocket costs if you don’t have enough coverage.

average cost of car insurance in minnesota by city

The average cost of auto insurance in Minnesota is $1,779 per year to insure your car with full coverage. You’ll often find more expensive insurance quotes in larger cities because car theft and accidents are more common in densely populated areas.

summary of the cheapest auto insurance in minnesota

frequently asked questions

methodology

We collect thousands of Minnesota zip code rates for the state’s major insurers. We use a sample controller with the following profile:

The base policy for the study was a full coverage policy with the following limits:

For our minimum coverage policy, we collect quotes for a policy with the minimum limits required in Minnesota.

For other rate analyzes (credit score, accident history, and marital status), the base policy was changed to reflect the new driver. young driver rates are for minimum coverage policies.

valuepenguin’s analysis used insurance rate data from quadrant information services. These rates were obtained publicly from insurer filings and should be used for comparison purposes only; your own quotes may be different.

See also: Does Homeowners Cover an RV in CA? | Cost-U-Less Insurance

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