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The Best Minnesota Auto Insurance Company

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    Reviews Report

    • The average full coverage car insurance premium in Minnesota is on par with the national average, according to 2021 data from Bankrate.com, at $1,643 per year.
    • The best Minnesota car insurance companies have plenty of discounts, additional coverage options, and at least average customer satisfaction ratings.

    In 2020, Minnesota had 364 fatal traffic accidents, the same number as of 2019. According to the Department of Public Safety, Minnesotans generally drive smart, but the lighter traffic during the recent pandemic has allowed many people to ignore speed regulations, resulting in crashes and fatalities. This makes it imperative to have sufficient car insurance coverage to protect you and your vehicle.

    Most major car insurance companies operate in the North Star state but we have narrowed down the companies for the best auto insurance in Minnesota to five, based on pricing, discounts, coverage options and overall customer satisfaction. 

    The 4 Best Auto Insurance Companies in Minnesota

    Compare the Best Car Insurance Companies in Minnesota

    Full Coverage Annual Premium* State Minimum Annual Premium* AM Best Financial Strength AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. J.D. Power Overall Customer Satisfaction** J.D. Power scores are based on surveys for customer satisfaction and product quality.
    Pin Geico$2,051$540A++845
    Pin State Farm$1,167$483A++847
    Pin Auto-Owners$1,366$430A++815
    Pin American Family$1,176$590A845

    Information accurate as of July 2021

    * Data provided by Bankrate.com

    **J.D. Power’s 2021 Auto Insurance Satisfaction Study for the Central region. Based on a 1,000-point scale.

    Geico

    Best for Discounts

    Why we chose it

    Geico offers standard coverage at low rates with superior online tools for all customers
    • $2,051* Average Premium Pricing data comes from our partners at Bankrate.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 845** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Geico offers standard coverage at low rates with superior online tools for all customers

    Pros

    • Various ways to save
    • Strong financial rating
    • Higher than average customer satisfaction

    Cons

    • Limited local agents
    Read More

    Types of Coverage Offered

    • Personal injury protection
    • Rental reimbursement
    • Roadside assistance
    • Collision and comprehensive

    Discounts Available

    • New vehicle
    • Safety features
    • Federal employee
    • Emergency deployment
    • Multi-policy and vehicle

    More Geico Insurance Reviews

    State Farm

    Best for Premium-Saving Programs

    Why we chose it

    State Farm’s Drive Safe & Safe and its Steer Clear programs help young drivers save on their premiums as well as all drivers learn how to drive safer.
    • $1,167* Average Premium Pricing data comes from our partners at Bankrate.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 847** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    State Farm’s Drive Safe & Safe and its Steer Clear programs help young drivers save on their premiums as well as all drivers learn how to drive safer.

    Pros

    • Valuable online tools and resources
    • Local agents always available
    • Solid financial strength and claims satisfaction

    Cons

    • No gap insurance offered
    • Few additional options
    Read More

    Types of Coverage Offered

    • Rideshare coverage
    • Travel expenses
    • Uninsured/underinsured motorist protection
    • Roadside assistance

    Discounts Available

    • Driver training
    • New vehicle
    • Bundling policies
    • Multi-vehicle Military deployment
    • Safe driver

    More State Farm Insurance Reviews

    Auto-Owners Insurance

    Best for Customer Service

    Why we chose it

    Auto-Owners is ranked highly in customer satisfaction in Minnesota with J.D. Power, making it an excellent choice for drivers who want friendly reps and no-fuss claims.
    • $1,366* Average Premium Pricing data comes from our partners at Bankrate.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 845** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Auto-Owners is ranked highly in customer satisfaction in Minnesota with J.D. Power, making it an excellent choice for drivers who want friendly reps and no-fuss claims.

    Pros

    • Noteworthy customer service
    • Local agents aplenty
    • Quick claims processing

    Cons

    • Limited digital tools
    • No online quote
    • No online claims filing
    Read More

    Types of Coverage Offered

    • Collision and comprehensive
    • Personal injury protection
    • GAP insurance
    • Uninsured/underinsured motorist protection
    • Rental expenses coverage

    Discounts Available

    • Paperless billing
    • Teen driver
    • Safety features
    • Policy bundling
    • Safe driver

    More Auto-Owners Insurance Reviews

    American Family

    Cheapest Full Coverage Auto Insurance

    Why we chose it

    Compared to its many of its competitors, American Family offers the affordable full coverage and plenty of car insurance discounts in Minnesota.
    • $1,176* Average Premium Pricing data comes from our partners at Bankrate.com.
    • A AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 839** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Compared to its many of its competitors, American Family offers the affordable full coverage and plenty of car insurance discounts in Minnesota.

    Pros

    • Lifetime guarantee at partnered repair shops
    • Several discounts available
    • Lower-than-average full coverage rates

    Cons

    • Below average customer satisfaction scores
    • Minimum coverage more expensive than competitors
    • Only available in select states
    Read More

    Types of Coverage Offered

    • Emergency road service
    • Personal injury protection
    • GAP insurance
    • Accidental death & dismemberment
    • Rental expenses coverage
    • Uninsured/underinsured motorist protection

    Discounts Available

    • Multi policy
    • Early bird
    • Defensive driver
    • Low mileage
    • Good driver

    More American Family Insurance Reviews

    * Data provided by Bankrate.com.

    **J.D. Power’s 2021 U.S. Auto Insurance Study rating for the Central region. Based on a 1,000-point scale.

    The Average Cost of Car Insurance in Minnesota

    Compared to the national average of $1,674 per year for full coverage, drivers in Minnesota pay a slightly higher premium of $1,643 annually in car insurance, based on 2021 data from Bankrate.com. However, this rate is not the same for everyone, since car insurance premiums largely depend on personal demographics, such as age, city of residence, type of car, and driving record. Climatic conditions also play a role in the cost of auto insurance. Minnesota faces harsh winters, tornadoes, and floods, which raises insurance premiums because of the risk of weather damage. Depending upon population density, some cities have cheaper rates than others.

    Top 3 Cheapest Car Insurance Companies in Minnesota

    CompanyAverage Annual Full Coverage Premium*
    Iowa Farm Bureau$1,015
    State Farm$1,167
    American Family$1,176

    * Data provided by Bankrate.com.

    Top 3 Most Expensive Car Insurance Companies in Minnesota

    CompanyAverage Annual Full Coverage Premium*
    QBE$2,214
    Geico$2,051
    Country Financial$2,022

    * Data provided by Bankrate.com.

    Top 3 Cheapest Cities for Car Insurance in Minnesota

    CityAverage Annual Full Coverage Premium*
    North Mankato$1,438
    Mankato$1,445
    Moorhead$1,476

    * Data provided by Bankrate.com.

    Top 3 Most Expensive Cities for Car Insurance in Minnesota

    CityAverage Annual Full Coverage Premium*
    Minneapolis$1,980
    St. Paul$1,948
    Brooklyn Center$1,887

    * Data provided by Bankrate.com.

    Minnesota Car Insurance: What You Need to Know

    It is mandatory for every driver to have insurance in Minnesota. But before hastily purchasing car insurance, it is important to consider the factors that influence the premiums. Do you drive a brand new model or an old car? Are you an unmarried driver under 25, a homeowner or live in a neighborhood prone to theft? What does your driving record look like? All of these combine to affect your annual car insurance cost. In Minnesota, climate, rate of traffic accidents, insurance fraud, and uninsured motorists negatively influence car insurance prices. Living in crowded cities with a higher chance of theft and vandalism might also be responsible for steeper premiums.

    Minnesota Minimum Insurance Requirements

    The minimum car insurance requirements in Minnesota are 30/10/40 and all drivers need to comply. Since this is a tort state, basic insurance must include the following:

    • $30,000 per person and $60,000 per accident in bodily injury liability 
    • $10,000 in property damage liability 
    • $40,000 in personal injury protection 
    • $25,000 per person and $50,000 per accident in uninsured/underinsured  motorist coverage

    Failure to show proof of sufficient coverage can result in fines, license suspension, and invalidation of the vehicle’s registration.

    Minnesota’s No-Fault Law

    The land of the 10,000 Lakes is a no-fault state when it comes to car insurance. This means that in case of a traffic accident between two or more vehicles, the respective insurance companies have to pay the claim regardless of who was at fault. Although this reduces the chances of lawsuits and other legal complications, it significantly increases insurance cost since PIP coverage is mandatory. 

    Additional Car Insurance Coverage in Minnesota

    Motorists in Minnesota might feel secure with only liability coverage, but keep in mind that the minimum coverage does not fully protect the insured. While it is going to pay the bills of the other party if you are ever involved in a traffic accident, it will not cover your own expenses. Therefore, having full coverage is often necessary, especially if you have a new, expensive vehicle or an auto loan or live in a city with high-risk drivers. Some of the coverages you could consider adding to your policy include:

    • Collision coverage: Pays for damages you suffer if you crash with another vehicle.
    • Comprehensive coverage: Pays for weather damage, theft, and vandalism.
    • Gap insurance: Pays for the outstanding auto loan amount if your financed car is stolen or totaled.

    Minnesota Car Insurance FAQ 

    Methodology 

    Reviews.com reviews products, services and companies based on five criteria to help readers understand how companies compare based on similar metrics. For the best car insurance companies, our editorial team compared affordability, customer support, coverage options, customer satisfaction scores and online resources from each company to determine top providers. 

    As for average pricing, we used Bankrate.com’s data of car insurance in Minnesota, based on the profiles of a 40-year male and female. For full coverage, the details used were the following:

    • $100,000 bodily injury liability per person
    • $300,000 bodily injury liability per accident
    • $50,000 property damage liability per accident
    • $100,000 uninsured motorist bodily injury per person
    • $300,000 uninsured motorist bodily injury per accident
    • $500 collision deductible
    • $500 comprehensive deductible

    To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. 

    These are sample rates and should only be used for comparative purposes.

    About the Authors

    Cynthia Widmayer Contributing Writer

    Cynthia Widmayer is an insurance and personal finance writer featured in The Simple Dollar, Bankrate, and Coverage.com among others. She holds a master’s degree in journalism from the University of London.

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