Cheapest Car Insurance In Minnesota For 2024
Recognized for offering excellent value in both liability-only and full-coverage plans, State Farm stands out in the realm of car insurance providers.
We’ve saved shoppers an average of $600 per year on their car insurance.
With more than ten years of experience studying car insurance policies, I’ve simplified our research to assist you in understanding this complicated market. I didn’t just look at the basics; I carefully reviewed many of the best car insurance companies, considering various factors to give you the essential information.
Finding the cheapest car insurance can save you money while still providing the coverage you need. My aim is to give you the details you need to make a smart decision. Let’s explore the options available to ensure you get the best deal possible.
Cheapest Car Insurance Companies In Minnesota, 2024
Cheapest Car Insurance In Minnesota For Minimum Coverage: North Star Mutual
North Star Mutual has the cheapest rates for minimum coverage car insurance in Minnesota, offering average monthly rates at $30.
| Provider | Average Monthly Cost | Average Annual Cost |
| North Star Mutual | $30 | $357 |
| Auto Club | $35 | $423 |
| Western National | $39 | $463 |
| Auto-Owners | $39 | $472 |
| Allstate | $43 | $516 |
Cheapest Car Insurance In Minnesota For Full Coverage: American Family
American Family has the cheapest rates for full coverage car insurance in Minnesota, offering average monthly rates at $106.
| Provider | Average Monthly Cost | Average Annual Cost |
| American Family | $106 | $1,269 |
| Auto Club | $116 | $1,395 |
| Auto-Owners | $143 | $1,717 |
| Encompass | $165 | $1,981 |
| West Bend | $168 | $2,019 |
Full coverage car insurance offers broader protection compared to basic coverage, making it a popular choice among many drivers. This type of car policy combines comprehensive and collision coverage, providing a comprehensive safety net.
Cheapest Car Insurance In Minnesota For Drivers With Poor Credit: Geico
Geico has the cheapest rates for drivers with poor credit in Minnesota, offering average monthly rates at $135.
| Provider | Average Monthly Cost | Average Annual Cost |
| Geico | $135 | $1,620 |
| USAA | $181 | $2,169 |
| American Family Insurance | $213 | $2,558 |
| State Farm | $220 | $2,645 |
| Progressive | $240 | $2,880 |
In Minnesota, credit scores play a significant role in determining car insurance rates. Insurance companies use credit information to assess the risk associated with insuring a driver.
Cheapest Car Insurance In Minnesota For Seniors: AAA
AAA has the cheapest rates for seniors in Minnesota, offering average monthly rates at $62.
| Provider | Average Monthly Cost | Average Annual Cost |
| AAA | $62 | $738 |
| Iowa Farm Bureau | $62 | $743 |
| Auto-Owners | $68 | $820 |
| Westfield | $80 | $956 |
| Travelers | $82 | $980 |
Elderly individuals in Minnesota have the opportunity to find affordable car insurance rates due to various factors that support them. While age is a factor in insurance costs, it’s not the only consideration. Many seniors maintain excellent driving records as they age, which insurers recognize and reward with lower rates.
Cheapest Car Insurance In Minnesota For Young Drivers
In Minnesota, young adults usually enjoy lower car insurance rates than teenagers. This difference in pricing is due to the development of better driving habits and a decrease in risky behaviors as drivers mature. Statistics show that young adults are less likely to make insurance claims, indicating a lower involvement in accidents. As a result, insurers lower premiums, acknowledging the improved safety records and reduced likelihood of claims from these more experienced drivers.
Cheapest Minnesota Car Insurance For 16-Year-Olds: State Farm
State Farm has the cheapest rates for 16-year-olds, with an average monthly premium of $253.
| Provider | Average Annual Cost | Average Monthly Cost |
| State Farm | $253 | $3,036 |
| Auto-Owners Insurance | $280 | $3,355 |
| North Star Mutual Insurance Company | $287 | $3,442 |
| Geico | $312 | $3,743 |
| USAA | $344 | $4,122 |
Cheapest Minnesota Car Insurance For 17-Year-Olds: State Farm
State Farm has the cheapest rates for 17-year-olds, with an average premium of $227.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $227 | $2,726 |
| Auto-Owners | $259 | $3,113 |
| USAA | $268 | $3,213 |
| Geico | $282 | $3,380 |
| North Star Mutual Insurance Company | $287 | $3,442 |
Cheapest Minnesota Car Insurance For 18-Year-Olds: State Farm
State Farm has the cheapest rates for 18-year-olds, with an average monthly premium of $206.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $206 | $2,470 |
| USAA | $219 | $2,623 |
| Auto-Owners | $238 | $2,859 |
| American Family Insurance | $265 | $3,182 |
| Geico | $272 | $3,260 |
Cheapest Minnesota Car Insurance For 21-Year-Olds: USAA
USAA has the cheapest rates for 21-year-olds, with an average monthly premium of $136.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $136 | $1,631 |
| Geico | $160 | $1,914 |
| State Farm | $161 | $1,927 |
| Auto-Owners | $175 | $2,103 |
| American Family | $182 | $2,188 |
Cheapest Car Insurance In Minnesota For Good Drivers
Drivers with clean records, meaning no violations or accidents, typically get lower car insurance rates. Insurance companies see them as low-risk because they’ve shown responsible and safe driving. AAA provide resident drivers in Minnesota the cheapest car insurance, with an average monthly rate of $68
| Provider | Average Monthly Cost | Average Annual Cost |
| AAA | $68 | $813 |
| Iowa Farm Bureau | $71 | $857 |
| American Family | $73 | $882 |
| Westfield | $84 | $1,004 |
| Auto-Owners | $88 | $1,058 |
Cheapest Car Insurance In Minnesota For Drivers With Prior Incidents
Car insurance in Minnesota for drivers with prior incidents can be more expensive compared to those with clean driving records. Insurance companies consider drivers with prior incidents, such as accidents or traffic violations, to be higher risk.
Cheapest Car Insurance In Minnesota For Drivers With A Speeding Ticket: State Farm
State Farm has average premiums of $117, making it the cheapest option for drivers with a speeding ticket.
| Provider | Avg. Annual Min Coverage Premium | Avg. Annual Full Coverage Premium |
| State Farm | $117 | $1,408 |
| USAA | $133 | $1,597 |
| Geico | $134 | $1,609 |
| American Family Insurance | $147 | $1,768 |
| Auto-Owners | $174 | $2,087 |
Cheapest Car Insurance In Minnesota For Drivers With An At-Fault Accident: State Farm
State Farm has average premiums of $127, making it the cheapest option for drivers with an at-fault accident.
| Provider | Avg. Annual Min Coverage Premium | Avg. Annual Full Coverage Premium |
| State Farm | $127 | $1,518 |
| American Family Insurance | $138 | $1,650 |
| USAA | $180 | $2,157 |
| Auto-Owners | $216 | $2,588 |
| Travelers | $222 | $2,667 |
Cheapest Car Insurance In Minnesota For Drivers After A DUI: State Farm
State Farm has average premiums of $117, making it the cheapest option for drivers with a DUI on their record.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $117 | $1,408 |
| American Family Insurance | $147 | $1,768 |
| Western National Group | $172 | $2,059 |
| USAA | $199 | $2,388 |
| Travelers | $226 | $2,713 |
Average Cost Of Car Insurance In Minnesota – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $418 | $5,011 |
| 17 | $334 | $4,003 |
| 18 | $305 | $3,663 |
| 19 | $277 | $3,325 |
| 21 | $209 | $2,508 |
| 25 | $156 | $1,877 |
| 35 | $141 | $1,696 |
| 45 | $137 | $1,644 |
| 55 | $122 | $1,468 |
| 65 | $128 | $1,532 |
| 75 | $153 | $1,831 |
Average Cost In Minnesota – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $1,680 |
| Male | Single | $1,800 |
| Female | Married | $1,500 |
| Male | Married | $1,560 |
Average Cost In Minnesota – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $108 | $1,305 |
| Good | $131 | $1,582 |
| Fair | $169 | $2,036 |
| Poor | $211 | $2,533 |
Cheapest Car Insurance In Minnesota By City
| City | Average Monthly Cost | Average Annual Cost |
| Moorhead | $116 | $1,397 |
| Mankato | $117 | $1,408 |
| Rochester | $120 | $1,444 |
| St. Cloud | $125 | $1,497 |
| Duluth | $126 | $1,514 |
| Shakopee | $130 | $1,554 |
Car Insurance Discounts In Minnesota
As you shop around for car insurance, it’s a smart idea to look into insurers offering discounts that match your specific situation. Moreover, discussing your options with an insurance agent can uncover additional discounts you may not be taking advantage of.
Here’s a deeper look into the typical kinds of discounts offered by leading car insurance companies:
- Safe Driver Discount: Rewards drivers with a clean driving record, free from accidents or traffic violations, with lower premiums.
- Multi-Vehicle Discount: Provides savings for insuring multiple vehicles under the same policy, making it a cost-effective option for families with more than one car.
- Good Student Discount: Offers reduced rates for students who maintain good grades, typically averaging a B or higher, as they are considered lower-risk drivers.
- Defensive Driving Course Discount: Grants discounts to drivers who complete a state-approved defensive driving course, showcasing their commitment to safe driving practices.
- Bundling Discount: Offers savings when bundling multiple insurance policies, such as car and home insurance, with the same provider.
- Anti-Theft Device Discount: Provides discounts for installing anti-theft devices in the vehicle, reducing the risk of theft and potential insurance claims.
Our Methodology
Based on a detailed examination that covers many aspects like customer service ratings, available products, costs, and reviews from different websites, I've created a thorough understanding of the car insurance market in Minnesota. This knowledge comes from my extensive experience of over 15 years in the insurance industry as a licensed agent in Minnesota. Through numerous interactions with company representatives and firsthand experience in purchasing car insurance in Minnesota, I've gained valuable insights.
Quotes Assessed
Research Hours
Years Of Industry Experience
Brands Reviewed
FAQs
How much is car insurance a month in Minnesota?
Car insurance costs in Minnesota typically range from $100 to $200 per month, depending on various factors such as age, driving history, and coverage options.
What is the minimum car insurance one must have in Minnesota?
The minimum car insurance requirements in Minnesota include:
- $30,000 for bodily injury per person
- $60,000 for bodily injury per accident
- $10,000 for property damage liability
- $40,000 for personal injury protection (PIP)
Which insurance is better in Minnesota?
Determining which insurance is better in Minnesota depends on individual needs, driving habits, and budget. It’s essential to compare quotes from different insurers and consider factors like coverage options, customer service, and discounts offered.
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