Minnesota Car Insurance Calculator

Minnesota Car Insurance Calculator

Minnesota Car Insurance Calculator

Drivers in Minnesota can select additional coverage with collision and comprehensive policies or select more limited policies with lower premiums. Usage-based policies may be cheaper than traditional auto policies for drivers who possess clean driving records and reliable vehicles; regardless of which policy type is chosen, choosing higher or lower coverage limits, or selecting different deductible amounts, will have an immediate effect on how much premium is payable each month.

WalletHub’s Minnesota Car Insurance Calculator makes it easy for you to find rates tailored specifically to your location and personal situation. Enter details such as age, driving history, credit rating and marital status in order to access estimates from top Minnesota insurers. Although insurers take these factors into consideration when setting car insurance rates for you; other external factors can have a greater influence such as location, safety features of vehicle and driving habits which insurers also take into consideration when setting rates.

Car insurance rates differ according to region and city, with Minnesota drivers generally paying less than national averages for coverage. With low population density and high rates of commuters using personal cars as well as relatively safe roads contributing to affordable insurance premiums; it is still wise to shop around for the best rate possible.

State Farm, Geico and USAA offer some of the most cost-effective car insurance policies in Minnesota, with State Farm offering full coverage at $75 a month – 42% less than Minnesota’s average car insurance cost of $270. Geico policies for married drivers aged 30-40 cost $79 while USAA policies cost just $64. Married drivers tend to pay 7% less on average for coverage according to research by WalletHub.

Young drivers in Minnesota who want to save money should look for an insurer offering liability-only policies with generous discounts for 18-year-old drivers, such as USAA or State Farm (the latter charges 62% less than state average for basic policies). Teen drivers can further lower their premiums by sharing policies with an older driver – doing this can reduce rates up to 50%!

Minnesota is a no-fault state, meaning that personal injury protection (PIP) coverage will cover medical expenses regardless of who was at fault in an accident. Therefore, many drivers opt for more extensive PIP coverage than what the state mandates as minimum limits.

Minnesota minimum requirements for car insurance cover bodily injury liability of $30,000 per person and $60,000 per accident for bodily injury liability, along with property damage liability of $10,000. Optional coverages available to Minnesota drivers include uninsured/underinsured motorist protection (UM/UIM), collision and comprehensive. WalletHub’s Car Insurance Comparison tool compares prices across top providers for each of these coverage options to help drivers choose their ideal mix of coverage options.