Instant Minnesota Car Insurance Quote – MN Auto Insurance

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There are a lot of ways that you can get a Minnesota car insurance quote. Perhaps the easiest way to get one is going online and asking for a quick car insurance quote. Perhaps using a form like the one you see above (hint, hint).

While, getting a quote is the undoubtedly the fastest way to find out how much you could be paying for auto insurance it might not tell you everything you need to know. You should probably at least have a vague idea about your insurance requirements and laws in Minnesota before buying a policy. The good news is that you can find a lot of this information below.

Minimum Auto Insurance Requirements In Minnesota

Minnesota has among the more complex requirements for auto insurance found in the United States. There are four separate types of insurance that you required to purchase to legally drive in the state. Any insurance quote you get should include all 4 types of coverage, but it is still a very good idea to learn how much of each type you are required to buy.

The first type of coverage we will look at is the most commonly found type in the US, liability insurance coverage. You are required to carry at least the following amount liability coverage in Minnesota:

  • $30,000 for bodily injuries to one person per accident;
  • $60,000 for bodily injuries to two or more people per accident;
  • $10,000 for property damage to other people’s property including damage to the other driver’s car per accident.

The second type of insurance coverage is Personal Injury Protection (PIP) coverage, which the basis for Minnesota’s no-fault insurance laws (explained in greater detail below). Please note this only covers costs associated with injuries. It does not cover any form of property damage including damage to your your vehicle. You are required to carry at least the following amounts of PIP coverage:

  • $40,000 per person per accident of which:
    • $20,000 is for medical and hospital expenses;
    • $20,000 is for non-medical expenses such as lost wages, replacement services, etc.

The third type of required insurance coverage is uninsured motorist coverage. This provide protection to you if you get in an accident with a driver who does not have liability insurance. Again it only covers injuries. You can purchase uninsured property damage liability insurance to protect your property but are not required to do so under Minnesota law. You need to have at least the following uninsured motorist coverage:

  • $25,000 for injuries to one person per accident;
  • $50,000 for injuries to two or more people per accident.

Finally, you are also required to have underinsured motorist coverage. This is very similar to uninsured motorist coverage but instead of protecting you from uninsured drivers it protects you in the event you get in an accident with a driver who has less liability insurance than you do. Your requirements are the same as uninsured motorist coverage so:

  • $25,000 for injuries to one person per accident;
  • $50,000 for injuries to two or more people per accident.

As you can see you need to get a lot of different kinds of auto insurance. Yet, as crazy as it may seem the minimum coverage requirements listed above may still not be enough to provide sufficient financial protection for you. Talk to your insurance company and/or insurance agent about what your needs and requirements are and they can advise how much insurance you should consider purchasing.

Minnesota State Auto Insurance Laws

Unquestionably, the most important thing to understand about Minnesota’s insurance laws is that it has no-fault auto insurance in place. However, this type of insurance is widely misunderstood. We’ll take a quick look at it and other things you may need to know about insurance in the state.

Minnesota no-fault insurance, is technically not pure no-fault insurance. Instead, it only covers costs resulting from injuries arising from an accident. The Personal Injury Protection of your policy (see above for minimums) is considered the no-fault portion of your policy. It will cover your medical and other expenses (up to your PIP limit) even if you cause an accident.

However, you should be aware that it will not cover any property damage costs. Moreover if you are not at fault in an accident, you can make a claim on the at-fault party’s insurance, if your medical and other costs exceed your PIP coverage. You can also make a claim if certain thresholds are reached for example death, broken bones, permanent injuries, over $4,000 in medical expenses, etc.

As was seen in the previous section you have many types of insurance you are required to buy. These are always mandatory, no matter how you paid for your vehicle. However, if you lease your car and/or if you have a car loan you can be legally forced to buy collision and comprehensive insurance. If you do not do so on your own, your lender can purchase it for you and charge you premiums. This is almost certainly going to be more expensive than if you shop for it yourself.

More broadly speaking if you fail to purchase insurance altogether you may face fines, license suspension, revocation of your license plates and even imprisonment. On top of this you are required to show proof of insurance if requested to do by a law enforcement officer or other officer of the peace.

Finally, you should be aware of how to go about making an insurance claim. There are many important things your insurance can and can’t do according to Minnesota’s insurance laws. The Minnesota Department Of Commerce also has a page that answers many common questions about the claims filing process.

Remember, if you have questions or concerns about Minnesota’s insurance laws you should either get in contact with the Minnesota Insurance Commissioner’s Office (see link at the bottom of this page) and/or your insurance company/insurance agent. Only they can advise you on all your rights and obligations as a driver in the state.

Minnesota Car Insurance Companies

According to a report published on the Insurance Commissioner’s website there are over 200 companies licensed to sell auto insurance in the state. Yet, only 5 companies sell over 50% of all policies in the state.

Now we don’t have the space to include a list of all insurers in the state, but here are the top 7 in terms of the number of private passenger policies written.

State Farm

American Family Insurance

Farmers Insurance Group

Progressive

Allstate

Western National Insurance

Auto-Owners Insurance

We are in no way endorsing any of the companies listed above, they simply happen to be the largest in the state. Before purchasing a policy you should certainly have a look at each company’s financial information, complaint ratios, and enforcement actions taken.

This will increase your odds of picking not only a cheap insurance company but a good one too.

Average Minnesota Auto Insurance Rates

At one point Minnesota was well known for having high insurance rates. For example, in 2001 Minnesota’s rates as reported by the Insurance Commissioner were around 1/3 higher than neighboring states. Part of the problem was that the state had higher costs for required coverage than many other states. This required insurance provided more protection, but at a higher cost.

Since 2001, the Commissioner’s office has taken a more active role in trying to bring down insurance rates in the state. Judging by the numbers it seems they have been extremely successful. The Insurance Information Institute found that Minnesota was the 30th most expensive state in the country in 2008. Annual premiums that year were found to be $698, lower than the US average of $789.

Even more recent numbers from CarInsurance.com for 2011 seem to confirm this trend. They claim average annual premiums in the state are $1,188, which is much lower than their US average of $1,441. It should be noted that the numbers from CarInsurance.com come from online quotes only. It is most likely not a true average of actual premiums paid, but gives a good indication where a state stands relative to others.

Minnesota Car Accident Statistics

Minnesota is among the safest states in the whole of the United States to drive. According to data published by the National Highway Traffic Safety Administration, the Office of Traffic Safety and the Minnesota Department of Transportation, the state is doing extremely well in bringing down accident and traffic fatalities.

For example, in 2009 the state had a fatality rate of 0.74 per 100 million vehicle miles traveled compared to the US average of 1.14. This means you have around a 50% lower chance of getting killed in an accident in Minnesota than you do in the rest of the country. However, in 2010 this meant that there were still 74,073 traffic crashes resulting in 31,176 injuries and 411 deaths. While these numbers are still too high, they are the lowest they’ve been since 1944.

A certain amount of credit has to go towards the Toward Zero Deaths initiative. These lower death tolls mean that not only are you much safer driving on Minnesota’s roads but that your insurance rates have also been positively affected (see stats above). The following 5 counties remain the most troubling spots according to the NHTSA: Hennepin County, Olmsted County, Ramsey County, St. Louis County and Anoka County.

Before You Get Minnesota Car Insurance Quotes Online

Before going out or going online to get an instant Minnesota car insurance, there are several things you need to know and consider. You can find many of them listed above. Things like mandatory insurance requirements and other insurance laws are not something to be taken too lightly. Still any licensed insurance company and/or agent can help advise you of what you may need.

Looking for insurance quotes online lets you compare cheap car insurance quotes that can suit you and your car’s needs. But, before you decide to get a Minnesota car insurance policy, make sure that you’ve asked all the necessary questions and have considered all the options for you and your car. The cheapest policy might not be the right one for you.

Therefore, by all means get started now with some free Minnesota auto insurance quotes. Just be sure you talk with the insurance company and/or agent before buying anything. Just enter your zip code below:

Enter Your Minnesota Zip Code:



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