Auto Insurance in Minnesota
The average car insurance cost in Minnesota is $1,465 per year for full coverage. Minnesota requires minimum liability coverage of 30/60/10. The state's uninsured driver rate is 6%, which is below the national average of 12.6%.
Top auto insurers in Minnesota: State Farm, GEICO, American Family. We recommend comparing quotes from at least 5 companies, as rates can vary by 50% or more between insurers for the same driver profile.
Home Insurance in Minnesota
Homeowners insurance in Minnesota averages $1,920 per year for $300,000 in dwelling coverage. This is above the national average of $1,820/year. Rates are influenced by natural disaster risk, construction costs, and local claim frequency in the Midwest region.
Health Insurance in Minnesota
The average individual health insurance premium in Minnesota is approximately $480/month before subsidies through the ACA marketplace. Many Minnesota residents qualify for premium tax credits that reduce this cost to $50-$200/month.
Minimum Insurance Requirements
Minnesota requires all drivers to carry minimum liability insurance of 30/60/10. This means: $30,000 per person for bodily injury, $60,000 per accident total for bodily injury, and $10,000 for property damage per accident. While these minimums are legally sufficient, most financial advisors recommend 100/300/100 coverage.
Top Insurance Companies in Minnesota
The largest and most popular insurance companies in Minnesota include:
- State Farm — Market leader in Minnesota
- GEICO — Competitive rates and strong service
- American Family — Popular choice with good coverage options