Minnesota Car Insurance
Get to know Minnesota Car Insurance
If you are a new driver or just curious about what other auto insurance companies offer and are looking to make the switch, then you’ve come to the right place. Here, you will find more detailed information on Minnesota car insurance and what you need to get started, and tips on how to get the best coverage at the most affordable price. If you are just looking to save more money on auto insurance, then go straight to the bottom of the page and enter your zip code. In a matter of minutes, you can get estimates that could save you hundreds of dollars on your premium rate a month!
The State of Minnesota requires all drivers to carry auto insurance. Policies vary from the basic minimum coverage, to a more thorough and comprehensive package.
Minnesota follows a No-Fault Insurance System, where the insured are covered for any damages or losses by their own insurance company, regardless of who was responsible for the accident. This means that drivers must carry the minimum personal injury protection coverage, liability, uninsured and underinsured motorist coverage although purchasing higher amounts of coverage is always recommended.
Minimum Auto Insurance Coverage Requirements for Minnesota
Personal Injury Protection (PIP):
- $40,000 per person per accident
- $20,000 for hospital/medical expenses
- $20,000 for non-medical expenses
Liability:
- $30,000 for injuries to 1 person
- $60,000 for injuries to 2 or more people
- $10,000 for physical damage to the other driver’s vehicle or for damage to property
Uninsured Motorist:
- $25,000 for injuries to 1 person
- $50,000 for injuries to 2 or more people
Underinsured Motorist:
- $25,000 for injuries to 1 person
- $50,000 for injuries to 2 or more people
Although these are the minimum required amounts for auto insurance coverage for Minnesota, the best route about it is to research several insurance providers first, pinpoint what you need based on whether you are a new or have years of past driving experience, what vehicle make you own, how many drivers are in your household, and so on. These factors really help determine what type of auto insurance policy you will obtain and how pricing will play into effect when determining your premium rate.
Minnesota state law does not require you to purchase comprehensive or collision coverage, but your lien holder will
Car insurance companies in Minnesota offer a variety of different types of coverage with broad price ranges. Here is a list of top insurance providers that could help set your journey on getting the best auto insurance policy at the best rate!
- 21st Century
- AAA Insurance
- AIG
- Allstate
- Ameriprise
- Chubb
- GEICO
- GMAC Insurance
- Liberty Mutual
- Progressive
- State Farm
- Travelers
Utilizing the list above of popular Minnesota insurance companies can help save you a lot of money. By doing research, you can take what you’ve learned and use it as leverage from company-to-company to get further reduced rates. Every insurer has their own set of discounts and ways you can save and qualifying them varies on certain factors. So the best way to see if you qualify for the discounts is to apply for an insurance quote.
Simply enter your zip code below for a quick way to get Minnesota auto insurance quotes and onto the path to saving you more money.
Sources:
Car Insurance Minnesota
Wiki: No-Fault Insurance System
What You Need to Know about Auto Insurance: Minnesota
Best Auto Insurance: MN
