Car Insurance Quotes MN / On average, State Farm offers the lowest full coverage vehicle insurance in Minneapolis, as well as the cheapest full coverage auto insurance for drivers with fines. The cheapest state minimum coverage is offered by AAA.
Rates vary depending on the level of coverage and the driver’s profile. USAA may be able to offer lower rates to military families. MoneyGeek’s top overall grade for firms that mix affordability and service is given to Auto-Owners.
The Cheapest Car Insurance Companies in Minneapolis
In Minneapolis, the cheapest full coverage auto insurance is on average from:
- State Farm: $943 per year
- Farmers: $977 per year
If you have a military background, you can get an even lower cost with USAA, which is around $801 per year. Progressive offers the most expensive rates in Minneapolis, with an annual premium of $1,632.
The policy averages above include liability insurance as well as comprehensive and collision coverage for your own vehicle. The cost of insurance varies depending on the driver’s profile and liability coverage.
CHEAPEST CAR INSURANCE IN MINNEAPOLIS
MoneyGeek calculated the average prices for full coverage in Minneapolis using a sample 40-year-old male driver, among other characteristics described in the methodology.
A full-coverage policy is more expensive than a minimum coverage policy because it includes additional coverage in addition to liability insurance. This includes the following:
- Collision Insurance: Covers damages resulting from a car crash with a stationary object or another vehicle
- Comprehensive Insurance: Covers any damages that don’t fall under collision insurance, such as damages from theft, vandalism, and natural disasters.
A full-coverage policy may not be the greatest option if you have an older automobile, especially if your premiums are worth more than your car. Getting a state minimum policy will save you a lot of money.
Average Cost of Car Insurance in Minneapolis / Car Insurance Quotes MN
Minneapolis drivers spend an average of $1,223 per year on vehicle insurance, which is 2% more expensive than the state average.
Nonetheless, that annual rate is 14.1 percent less expensive than the national average, implying that you could be paying less than the majority of drivers in the country simply because you reside in Minneapolis.