State Farm, Geico, and American Family are leading providers for cheap car insurance in Minnesota, offering exceptional coverage options and customer-oriented service.
Cheap Car Insurance in Minnesota for 2024 (Cash Savings With These 10 Companies)
Top providers for cheap car insurance in Minnesota include State Farm, Geico, and American Family. State Farm stands out with monthly rates starting at $27 and customized coverage for Minnesota drivers, offering significant savings. Meanwhile, Geico and American Family are praised for their competitive pricing.
UPDATED: Nov 4, 2024Fact Checked
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Jimmy McMillan
Licensed Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Insurance Agent
UPDATED: Nov 4, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Nov 4, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
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UPDATED: Nov 4, 2024Fact Checked
2nd Cheapest in Minnesota: Geico
19,116 reviewsCompany Facts
Min. Coverage in Minnesota
$37/moA.M. Best Rating
A++ (Superior)Complaint Level
MedPros & Cons
19,116 reviews
Our Top 10 Company Picks: Cheap Car Insurance in Minnesota
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $27 B Broad Coverage State Farm
#2 $37 A++ Affordable Rates Geico
#3 $38 A Loyal Discounts American Family
#4 $40 A++ Affordable Bundles Travelers
#5 $41 A+ Custom Options Progressive
#6 $44 A Comprehensive Plans Farmers
#7 $49 A++ Policy Savings Auto-Owners
#8 $57 A+ Senior Benefits The Hartford
#9 $65 A+ Robust Resources Allstate
#10 $153 A Flexible Policies Liberty Mutual
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In this article, we will explore the basics of car insurance in Minnesota, discuss the factors that influence insurance rates, offer tips to help you get cheap car insurance, and highlight some top affordable car insurance providers in the state. Enter your ZIP code now.
Overview
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#1 – State Farm: Top Overall Pick
Pros
- Affordable Rates: With monthly rates starting at $27, State Farm offers some of the cheapest car insurance in Minnesota. This low cost doesn’t compromise the broad coverage provided.
- Customizable Coverage: State Farm’s range of coverage options allows for a tailored policy, ensuring you get the best cheap car insurance in Minnesota that meets your specific needs.
- Excellent Customer Service: Provides service that makes it a choice for those seeking cheap car insurance in Minnesota. Find out in our detailed guide title, “State Farm Insurance Review & Ratings.”
Cons
- Higher Rates for Young Drivers: Premiums for younger drivers can be higher, which may affect the affordability of cheap car insurance in Minnesota for this age group.
- Limited Discounts for New Drivers: New drivers might find fewer discount opportunities, impacting the overall affordability of cheap car insurance in Minnesota for them.
#2 – Geico: Best for Affordable Rates
Pros
- Competitive Pricing: Geico’s monthly rates starting at $37 make it an excellent choice for cheap car insurance in Minnesota. The low cost is supported by its strong A++ A.M. Best rating.
- User-Friendly Online Tools: Geico’s advanced website and mobile app provide an easy way to manage policies, making it convenient for those seeking cheap car insurance in Minnesota.
- Strong Financial Stability: Geico is a financially stable option for those looking for reliable cheap car insurance in Minnesota. Learn more by reading our analysis titled, “Geico Auto Insurance Review.”
Cons
- Less Personalized Service: Geico’s primarily online service may lack the personal touch of agents, which can be a drawback for those seeking cheap car insurance in Minnesota.
- Potential Rate Increases: Premiums may rise significantly after filing a claim, which could affect the long-term affordability of cheap car insurance in Minnesota.
#3 – American Family: Best for Loyal Discounts
Pros
- Loyalty Discounts: American Family offers significant savings for long-term customers, making it a great option for cheap car insurance in Minnesota for those who stay with the same provider.
- Comprehensive Coverage Options: Provides a wide range of coverage choices to tailor policies, ensuring that drivers can get the best cheap car insurance in Minnesota suited to their needs.
- Excellent Customer Service: High satisfaction reflects the quality for cheap car insurance in Minnesota. Read “How to File an Car Insurance Claim With American Family Insurance Company“
Cons
- Higher Premiums for Some Drivers: Premiums may be higher compared to competitors for certain drivers, affecting the overall affordability of cheap car insurance in Minnesota.
- Limited National Presence: Coverage options outside Minnesota may be limited, which could be a drawback for those seeking cheap car insurance in Minnesota while considering relocation.
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#4 – Travelers: Best for Affordable Bundles
Pros
- Affordable Bundles: Starting at $40 per month, Travelers offers competitive rates with discounts for bundling, making it an excellent choice for cheap car insurance in Minnesota.
- Customizable Policies: Travelers provides a range of add-ons and coverage options, allowing you to tailor your policy for the best cheap car insurance in Minnesota.
- Strong Financial Ratings: Travelers’ financial strength, ensuring cheap car insurance in Minnesota. Read more about our guide titled, “How can I pay my Travelers insurance premium?“
Cons
- Complex Policy Options: The variety of coverage options can be overwhelming, making it challenging to select the best cheap car insurance in Minnesota for some customers.
- Varied Customer Service: Quality of service may vary by location, which could affect the overall experience of getting cheap car insurance in Minnesota.
#5 – Progressive: Best for Custom Options
Pros
- Snapshot Program: Potential savings through the Snapshot program based on driving habits, which can lower the cost of cheap car insurance in Minnesota for safe drivers.
- Competitive Rates: Starting at $41 per month, Progressive offers affordable rates for cheap car insurance in Minnesota.
- Strong Online Tools: Progressive’s robust website and mobile app make managing policies easy, contributing to an efficient experience for cheap car insurance in Minnesota.
Cons
- Potential for Higher Rates After Claims: Rates may increase significantly after a claim, affecting the long-term affordability of cheap car insurance in Minnesota.
- Less Personalized Customer Service: The online and phone-based service may lack the personal touch of local agents. Find more details through “Progressive Insurance Review & Ratings.”
#6 – Farmers: Best for Comprehensive Plans
Pros
- Comprehensive Plans: Offers a wide range of coverage options, including unique add-ons such as Rideshare Insurance, making it a strong contender for cheap car insurance in Minnesota.
- Strong Local Presence: Farmers’ broad network of local agents provides service, ideal for those seeking cheap car insurance in Minnesota. Dive into our article called, “Farmers Insurance Review & Ratings.”
- Innovative Coverage Options: Unique plans like Rideshare Insurance provide extensive protection for those needing specific coverage, making it a valuable option for cheap car insurance in Minnesota.
Cons
- Higher Premiums for Some Drivers: Rates may be higher for certain demographics, which could make it less affordable for cheap car insurance in Minnesota.
- Complicated Claims Process: Some customers report a lengthy claims process, which could be frustrating and impact the overall experience of cheap car insurance in Minnesota.
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#7 – Auto-Owners: Best for Policy Savings
Pros
- Policy Savings: Competitive rates starting at $49 per month make Auto-Owners a choice for cheap car insurance in Minnesota. Read more through our Auto-Owners review and ratings.
- Comprehensive Coverage Options: Offers a broad range of coverage choices to suit various needs, contributing to its appeal for cheap car insurance in Minnesota.
- High Financial Ratings: An A++ rating from A.M. Best reflects strong financial stability, ensuring reliable cheap car insurance in Minnesota.
Cons
- Limited Online Tools: Fewer digital tools compared to some competitors might make managing policies less convenient for those seeking cheap car insurance in Minnesota.
- Regional Focus: Coverage and options may vary outside primary service areas, potentially limiting choices for cheap car insurance in Minnesota.
#8 – The Hartford: Best for Senior Benefits
Pros
- Senior Benefits: Discounts for senior drivers make a top choice for cheap car insurance in Minnesota. Read our guide titled, “How do I renew my car insurance policy with The Hartford?“
- Excellent Customer Service: High customer satisfaction reflects the quality of service, making The Hartford a reliable option for cheap car insurance in Minnesota.
- Comprehensive Coverage Options: Provides a range of coverage choices and add-ons, ensuring that drivers can find suitable cheap car insurance in Minnesota.
Cons
- Higher Rates for Younger Drivers: Premiums may be higher for younger drivers, potentially affecting the affordability of cheap car insurance in Minnesota for this demographic.
- Limited Discounts for New Customers: New customers might find fewer initial discounts, which could impact the affordability of cheap car insurance in Minnesota.
#9 – Allstate: Best for Robust Resources
Pros
- Robust Resources: Offers extensive tools and resources for managing policies, making it easier to access cheap car insurance in Minnesota and manage your coverage.
- Strong Financial Stability: An A+ rating from A.M. Best indicates reliable financial health, providing confidence in the stability of cheap car insurance in Minnesota.
- Innovative Technology: Advanced tools and features improve the management of policies and claims, contributing to a better experience for cheap car insurance in Minnesota.
Cons
- Higher Premiums for Some Drivers: Rates may be higher for drivers, which could make cheap car insurance less affordable. Learn through “Allstate Insurance Review and Ratings.”
- Customer Service Variability: The quality of customer service can vary, impacting the overall experience of obtaining cheap car insurance in Minnesota.
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#10 – Liberty Mutual: Best for Flexible Policies
Pros
- Various Discounts: Multiple discount opportunities are available, including bundling and safety features, which can help lower the cost of cheap car insurance in Minnesota.
- Comprehensive Coverage Options: Provides a wide range of coverage choices to suit various needs, ensuring that drivers can find suitable cheap car insurance in Minnesota.
- Strong Financial Ratings: Liberty Mutual’s financial stability supports reliable cheap car insurance in Minnesota. Uncover details in our guide titled, “Liberty Mutual Insurance Review & Ratings.”
Cons
- Higher Premiums for Some Drivers: Premiums may be higher for certain demographics, potentially affecting the affordability of cheap car insurance in Minnesota.
- Complex Policy Options: The variety of policy options might be overwhelming, which could make it challenging to find the best cheap car insurance in Minnesota.
Getting to Know Car Insurance in Minnesota
Car insurance in Minnesota is essential to protect drivers from financial burdens in case of accidents, property damage, or theft. Coverage typically includes liability insurance, personal injury protection (PIP), uninsured motorist, and underinsured motorist coverage.
Minnesota Car Insurance Monthly Rates by Provider & Coverage Level
Insurance Company Minimum Coverage Full Coverage
$65 $160
$38 $93
$49 $128
$44 $108
$37 $90
$153 $375
$41 $101
$27 $67
$57 $148
$40 $95
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Liability insurance covers medical bills, vehicle repairs, and legal fees if you’re at fault in an accident. PIP ensures medical expenses and lost wages for you and your passengers, regardless of fault.
Uninsured motorist coverage protects you if hit by an uninsured driver, while underinsured motorist coverage helps when the at-fault driver’s policy is insufficient.
Minnesota law mandates minimum coverage, including $30,000 per person for bodily injury, $60,000 per accident, and $10,000 for property damage, alongside $40,000 in PIP.
Minnesota Report Card: Car Insurance Premiums| Category | Grade | Explanation |
|---|---|---|
| Traffic Density | B+ | Moderate traffic congestion |
| Vehicle Theft Rate | B | Below average theft rate |
| Average Claim Size | B | Moderate claim sizes compared to national average |
| Uninsured Drivers Rate | B- | Slightly above average rate of uninsured drivers |
| Weather-Related Risks | C+ | High risk due to snow and ice in winter |
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Opting for full coverage auto insurance adds comprehensive and collision insurance, providing greater financial protection by covering your vehicle in the event of theft, vandalism, or accidents regardless of fault. Understanding these components ensures you’re legally and financially protected. Enter your ZIP code now to begin.
Key Drivers of Car Insurance Pricing in Minnesota
Car insurance rates in Minnesota are influenced by various factors, including age, driving experience, and vehicle type. Younger drivers, particularly those under 25, often face higher premiums due to their higher perceived risk, while individuals with less driving experience may also encounter increased rates.
Car Insurance Discounts From the Top Providers in Minnesota| Insurance Company | Available Discounts |
|---|---|
| Bundling, Safe Driver, Anti-Theft Device, Early Signing, New Car, Good Student, Paperless, Auto-Pay |
| Bundling, Loyalty, Good Student, Defensive Driver, Accident-Free, Low Mileage, Auto Safety Features |
| Bundling, Multi-Car, Safe Driver, Payment History, Green Vehicle, Advance Quote, Student Away |
| Bundling, Signal® App, Safe Driver, Good Student, Homeowner, Pay-In-Full, Affinity Group |
| Bundling, Defensive Driving, Good Driver, Good Student, Military, New Vehicle, Seat Belt Use |
| Bundling, Violation-Free, Accident-Free, New Car Replacement, Vehicle Safety, Anti-Theft, Paperless |
| Bundling, Snapshot® Program, Continuous Insurance, Good Student, Teen Driver, Homeowner, Sign Online |
| Bundling, Safe Vehicle, Good Driver, Steer Clear® Program, Drive Safe & Save™, Good Student |
| Bundling, Defensive Driver, Vehicle Safety, Anti-Theft Device, Driver Training, Pay-In-Full |
| Bundling, Safe Driver, Continuous Insurance, Homeowner, Good Payer, Hybrid/Electric Vehicle, EFT |
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However, gaining more experience, maintaining a clean driving record, and taking defensive driving courses can help reduce premiums over time. Additionally, insurance companies assess driving records and claims history, where a history of accidents or traffic violations can lead to higher rates.
Michelle Robbins
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The type of vehicle you drive also impacts rates, with high-end luxury or sports cars generally costing more to insure due to higher repair and replacement costs.
When it comes to questions like, “Does car insurance cover accidents when you lend your car?” the answer typically depends on your specific policy. Many insurance policies cover accidents that occur when you lend your car, but it’s important to check your coverage details.
To find the best rates, it’s essential to compare quotes from multiple insurers, maintain a good credit score, and consider bundling car insurance with other policies. Understanding these factors can help you make informed decisions and potentially lower your insurance costs in Minnesota.
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Ways to Secure Affordable Car Insurance in Minnesota
If you’re a Minnesota resident seeking affordable car insurance, start by shopping around and comparing quotes from different providers.
Minnesota Accidents & Claims per Year by City| City | Accidents per Year | Claims per Year |
|---|---|---|
| Bloomington | 1,000 | 950 |
| Brooklyn Park | 900 | 850 |
| Duluth | 1,100 | 1,000 |
| Eagan | 850 | 800 |
| Maple Grove | 750 | 700 |
| Minneapolis | 3,500 | 3,200 |
| Plymouth | 700 | 650 |
| Rochester | 1,200 | 1,100 |
| St. Paul | 2,800 | 2,600 |
| Woodbury | 800 | 750 |
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Use online comparison tools and insurance brokers to streamline this process, and be sure to evaluate not just the price but also factors like customer service, financial stability, and policy features.
Since insurance rates can vary by location within Minnesota due to factors such as crime rates and traffic congestion, comparing rates specific to your area is crucial. Maintain a clean driving record to keep premiums low and possibly qualify for safe driver discounts.
5 Common Car Insurance Claims in Minnesota| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Collision | 35% | $4,500 |
| Comprehensive | 25% | $2,800 |
| Personal Injury | 20% | $5,200 |
| Uninsured Motorist | 10% | $3,600 |
| Property Damage | 10% | $3,000 |
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Additionally, consider getting low-cost car insurance with driver discounts, which may include savings for safe driving, multi-policy bundling, safety devices, or completion of driver’s education programs.
Minnesota Report Card: Car Insurance Discounts| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Safe Driver | A | 25% | Geico, State Farm, Allstate, Progressive |
| Bundling | A- | 20% | Nationwide, Allstate, Liberty Mutual, Travelers |
| Multi-Car | B+ | 15% | Farmers, Progressive, USAA, Geico |
| Pay-In-Full | B+ | 10% | Liberty Mutual, USAA, Nationwide, Progressive |
| Anti-Theft | B | 15% | State Farm, Geico, Progressive, Farmers |
| Good Student | B | 15% | Geico, State Farm, Farmers, Allstate |
| Low Mileage | B | 15% | State Farm, Allstate, Nationwide, Geico |
| New Car | B | 10% | Nationwide, Progressive, Liberty Mutual, Farmers |
| Defensive Driving | B- | 10% | Allstate, Liberty Mutual, USAA |
| Paperless Billing | C+ | 5% | Geico, Progressive, Allstate, State Farm |
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By being proactive and asking your insurance provider about all available discounts, you can find affordable coverage that meets your needs while ensuring you have adequate protection. Enter your ZIP code now to begin.
Frequently Asked Questions
What factors affect the cost of car insurance in Minnesota?
Several factors can influence the cost of car insurance in Minnesota. These include your age, driving history, the type of car you drive, your location within Minnesota, and the coverage options you choose.
Can I drive in Minnesota without car insurance?
No, it is illegal to drive in Minnesota without car insurance. All drivers are required to carry the minimum required car insurance coverage. Enter your ZIP code now to begin comparing.
Does my credit score affect my car insurance rates in Minnesota?
What are the top three insurance providers for cheap car insurance in Minnesota?
The top three providers are State Farm, Geico, and American Family. They are recognized for their competitive pricing and strong coverage options in Minnesota.
How does State Farm’s monthly rate compare to other providers on the list?
State Farm offers the lowest monthly rate at $27, making it the most affordable option among the top providers. This competitive pricing positions it well for those seeking cheap car insurance in Minnesota. Enter your ZIP code now to begin comparing.
Which insurance company offers the lowest rates for car insurance in Minnesota?
What is the A.M. Best rating of Geico, and how does it influence its standing?
Geico has an A++ rating from A.M. Best, reflecting its superior financial stability and reliability. This high rating contributes to its strong reputation for providing affordable car insurance.
Which provider is noted for offering the best discounts for loyal customers?
American Family is noted for offering the best discounts for loyal customers. Their loyalty programs make it a strong choice for those looking for savings through cheap car insurance in Minnesota. Enter your ZIP code now to begin comparing.
What unique coverage options does Progressive offer that may benefit drivers?
How does the customer service experience with Auto-Owners contribute to its appeal?
Auto-Owners is praised for its excellent customer service and policy savings. Their high A.M. Best rating and focus on customer satisfaction make them a reliable choice for those seeking cheap car insurance in Minnesota.
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Jimmy McMillan
Licensed Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.