Auto Insurance in Minnesota (MN)

Factors Affecting Auto Insurance Rates in Minnesota (MN)

In 2005, the fatality rate due to car accidents in Minnesota was nearly half the national average--.99 fatalities per 100 million miles traveled versus 1.46 fatalities nationally. The state also saw a 14 percent decrease in traffic deaths from 2003 to 2005. However, Minnesotans still pay car insurance rates higher than the national average. Some experts believe this is due to a lack of state-mandated medical cost controls for claims resulting from car accidents, as well as an increasing number of uninsured drivers—one in six. What you will pay for car insurance depends on these factors as well as details like your driving record, your age, and what kind of car you own.

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Auto Insurance Requirements in Minnesota (MN)

Motorists in Minnesota are required to carry the following minimum amounts of car insurance:

• $30,000 of bodily injury liability coverage per injured person
• $60,000 of bodily injury liability coverage per accident
• $10,000 of property damage coverage
• $4,000 of personal injury protection
• $25,000 per person up to $50,000 per accident of uninsured/underinsured motorist coverage

Remember that these requirements are the bare minimums. Most insurance professionals recommend insuring your vehicle at higher levels of coverage to protect you, your family, and your financial security.

Auto Insurance Discounts in Minnesota (MN)

You may be eligible for a discount on your Minnesota car insurance premiums if you complete a state-authorized defensive driving course or have a car equipped with an antitheft device. Some insurance companies also offers discounts to drivers who own hybrid vehicles. Speak to your insurance specialist for more information on the discounts that apply to you.

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Auto Insurance Providers in Minnesota (MN)

Companies that offer car insurance in Minnesota include:

• AAA
• AIG
• Allstate
• American Family Insurance
• Amica
• Chubb
• Comparison Market
• Electric Insurance
• Esurance
• Farmers
• Hartford
• Insurance.com
• GMAC Insurance Online
• Horace Mann
• MetLife Auto
• Prudential
• Safeco
• State Farm
• Travelers Insurance

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Get More Information on Auto Insurance in Minnesota (MN)

FOr more information regarding coverage requirements and auto insurance-related inquiries, contact MInnesota's state department of motor vehicles at:

Minnesota Department of Public Safety
Driver and Vehicle Services
445 Minnesota Street
St. Paul, MN 55101
www.michigan.gov/sos

*Auto Insurance Options is a free information resource that provides content on auto insurance products and policies for informational purposes only, but is not an agency or insurer. Products and policies may not be available in all states.