Minnesota drivers are required to maintain at least $30,000 of bodily injury liability per person, $50k of property damage per accident and $100,000 uninsured/underinsured motorist coverage as minimum requirements; this minimum coverage may differ depending on factors like car model, driving history and coverage selection – these will all impact how much insurance costs each year in Minnesota.

Luxury and sports car models generally cost more than standard vehicles to insure due to higher repair and replacement costs; additionally, certain models are more prone to theft or vandalism than others.

Your credit score plays a big role in how much car insurance in Minnesota you will pay, too. On average, drivers with poor credit pay about 2.4x more than those with excellent credit due to insurers considering them as higher-risk customers.

If you have had previous at-fault accidents, your rate will increase as insurance companies use your driving history to assess risk and calculate how much to charge you for coverage. Even if this means no accidents were ever your responsibility, a bad driving record could still drive up premium costs by up to 40%!

Another factor affecting car insurance rates in Minnesota is the number of drivers on your policy. The more drivers added, the higher its costs will become annually; adding teenage drivers can almost double annual premium costs; this is because insurers see teens as high-risk group that is likely to cause accidents than older drivers.

To find the cheapest Minnesota car insurance coverage, it’s essential to compare personalized quotes online from various carriers. Do this by entering your personal information and the type of coverage desired into our Minnesota car insurance calculator, and then compare quotes before finding one that fits best within your budget. Ensure you review each policy’s terms and conditions thoroughly so you’re confident your coverage meets all of your needs and protects in case of accident or theft – good luck!