Minnesota Car Insurance

Minnesota is a state known for its flour mills and butter plants. If you don’t know it by that name, how about the Land of 10,000 lakes? Well, I don’t know what to say if you don’t know if them I thought either. Surely you know them by the land of the best car insurance rate? I’m kidding, I wish it was that easy but now that we’re on the topic of car insurance have you ever taken a look at rates in Minnesota? If you’re a driver there you should definitely know the minimum requirements and what type of insurance you need to legally drive in the state. So let’s get started and give you the nitty-gritty of everything you need to know about car insurance in Minnesota.

Required Coverage

As a driver in the state of Minnesota, you are required to have minimum coverage. This is a no-fault policy put the following coverages.

  •  Personal injury protection
    •  $20,000 for a medical card
    •  $20,000 for losses
  •  Liability coverage
    • $30,000 in bodily injury coverage
    • $60,000 in bodily injury coverage car accident
    • $10,000 in property damage

These are pretty straightforward in terms of personal protection as well as liability coverage. In addition to these coverages, you are required to have uninsured and underinsured motorist coverage as well. Here are the details for those.

  •  Uninsured motorist coverage
    • $25,000 for personal injury on uninsured coverage per person
    • $50,000 for personal injury on uninsured coverage per accident
  •  Underinsured motorist coverage
    •  $25,000 her injuries on underinsured motorist coverage per person
    •  $50,000 for injuries on underinsured motorist coverage per accident

Because the state of Minnesota is a no-fault state, when you’re in an accident you are financially responsible for your own injuries up to the Limit requirement. Of course, if you have a higher limit on your insurance claim you’d be entitled to that much more. The no-fault insurance is there to help cover any medical bills and any Services you need going on a day-to-day basis.

Optional Coverages

We don’t recommend just taking the minimum insurance coverage, although the state of Minnesota does have a happy requirement when compared to other states it’s wise to look at optional coverages as well. Here’s a list of optional coverage is available to you when you’re going through your insurance policy.

  • Comprehensive insurance coverage
  • Collision insurance coverage
  • Roadside roadside
  • Gap insurance coverage

Keep in mind that if you’re leasing a vehicle you may be required to take comprehensive, collision, and gap insurance on the vehicle. What would you recommend speaking with a local insurance agent to help customize your quote based on minimum requirements as well as the optional coverages? This can help gauge what coverages you need State fully protected based on your budget and driving habits. That way you’re not overpaying for anything.

Factors Affecting Your Insurance Premium

When you contact an insurance company to figure out your insurance premium here are some factors that they take into consideration when giving you your quote. Keep in mind these are some variables that you can control where I assume you’re not able to. So be mindful of that, the better you are with these cheaper your insurance premium would be.

  • Type of insurance you’re taking (the more cartridges you have the more your insurance premium would be, this does it mean to take the least amount of insurance though.)
  • Age
  • Gender
  • Marital status
  • Type of vehicle you drive ( year, make, model)
  • How many kilometers you drive
  • Where you’re located
  • Your overall credit
  • Driving history
  • And any additional discounts you are eligible for

Average Cost of Car Insurance in Minnesota

When you compare it to Michigan which are a few States down and approximately an 8 hour drive, you can see the huge difference in the insurance premiums. In Michigan you’re saving about 12% over the national average sitting at about $1,300 each year. We know all the different factors that go into your auto insurance premiums, so why sweat it? Just shop around and find better rates.

Minnesota a No-fault State?

Yes Minnesota is considered a no-fault state meaning that your personal injury protection recover damages that you’ve incurred such as medical expenses or lost wages. Also, keep in mind that you are allowed to sue the other driver if you know for a fact that they are at fault. That way you can get your compensation back.