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Minneapolis Car Insurance


Minneapolis car insurance rates

Lake in Minneapolis

If you’re researching the cheapest car insurance in Minneapolis, MN or want to find out how to get the best auto insurance coverage while shopping for a policy, here you’ll find average car insurance rates listed by ZIP code and company, as well as average monthly car insurance rates for Minnesota so you can get a reference point for how much you can expect to pay. We’ll also explain how coverage works, and how much car insurance you need.

Minneapolis drivers pay some of the highest car insurance rates in the state, second to St. Paul, but regardless of where you live, you can save a considerable amount if you compare rates. Consider the following:

  • Many factors go into calculating car insurance rates – your age, your driving history, your credit -- but a driver's location is typically used as a base line for the process. Insurance companies assess ZIP codes’ risk levels based on the number and severity of car insurance claims within the area. They also use different formulas when deciding what you pay, which is why the price for the same policy varies by hundreds, or thousands, from one insurer to the next.
  • For example, Minneapolis ZIP code 55404, with an average rate of $1,656, is the most expensive in the city and the fourth highest in the state, according to a CarInsurance.com analysis. The highest rate fielded from six insurers for that neighborhood ($2,150) was over $1,100 more than the lowest ($1,031), according our rate analysis.
  • The wide range in rates from different insurers shows why it's wise to compare car insurance rates.  Enter your ZIP code in the average rate tool below to see the price for a policy in your neighborhood, as well as the highest and lowest cost fielded from six insurance companies.


Minneapolis Car Insurance Rates by ZIP Code

Enter ZIP for average rate. Then enter Age, Gender and Coverage Level for customized rate.

Invalid ZIP code or data not available
  • 55130- SAINT PAUL: $86
  • 55411- GOLDEN VALLEY: $86
  • 55103- SAINT PAUL: $86
  • 55412- MINNEAPOLIS: $84
  • 56701- THIEF RIVER FALLS: $40
  • 56682- ROOSEVELT: $40
  • 56751- BADGER: $40
  • 56763- WARROAD: $40

Here's how the highest average Minneapolis car insurance rate ($1,656) compares to others, for a full coverage policy:

  • $653  more than the least expensive average rate ($1,003) in the state, Truman ZIP 56088
  • $469 more than the state average ($1,187)
  • $88 more than the average rate for all of Minneapolis ($1,568)
  • $301 more than the national average rate ($1,355)

Minneapolis car insurance rates by ZIP code

Here are the 5 most and least expensive ZIP codes for car insurance in Minneapolis. You'll see in the chart below that you can save over $1,000  just by comparing car insurance quotes, no matter which address you call home. 

Most expensive

ZIP codeAverage annual rateHighest rateLowest rate

Least expensive

ZIP codeAverage annual rateHighest rateLowest rate

*Methodology for rates by ZIP code:

CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2016 Honda Accord for more than 30,000 ZIP codes in the United States using six large carriers -- Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. (In cases where an insurer’s rate wasn’t available, another major carrier's rate was substituted.) Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.


    Minneapolis car insurance requirements

    Minnesota state law requires the following minimum car insurance coverage:
    Minimum bodily injury liability$30,000/$60,000
    Minimum property damage liability$10,000
    Uninsured/underinsured motorist bodily injury$25,000/$50,000
    Personal injury protection$40,000

    Cheapest car insurance in Minneapolis, MN

    Minimum liability coverage limits of 30/60/10 are required to drive in Minnesota. You are also required to buy uninsured and underinsured motorist coverage. Buying the state required limits is definitely the cheapest way to go. But your assets and savings aren’t shielded from lawsuits and you won’t be covered for damage to your own car. You should only buy bare-bones coverage if you have a car that is more than 10 years old and you have few assets and don’t own a home, says Penny Gusner, CarInsurance.com consumer analyst. Even then you are at risk for being on the hook to pay out-of-pocket for repairs and medical bills in accidents you cause, as costs for even a minor fender-bender can exceed what insurers will pay out under a minimum liability policy.

    Best auto insurance in Minneapolis, MN

    The best auto insurance includes enough protection to prevent financial ruin and usually doesn’t incur a big additional expense. In some cases, you can even hike your policy limits and pay a few dollars less.  You’ll see  below that hiking your coverage to liability limits of $50,000 per person ($100,000 per accident), and $50,000 for property damage costs less than the lower state minimum limits.That's because in some instances insurance companies take into account the amount of coverage you had prior to buying or renewing your policy. If you had higher liability limits in your past, they consider you less of a risk and therefore you get a lower rate. For example, if you have just state minimum coverage, and then buy another state minimum policy, you won’t get a price break. The same is true if you have state minimum limits and then go to higher limits, of say, 50/100/50. But if you had 50/100/50 previously and then buy another 50/100/50 policy, you do get a price break.

    Increasing your insurance from the state minimum ($579 yearly) to full coverage ($1,187 yearly) costs $608 more, or about $51 a month, on average.

    Average monthly car insurance rates in MN by coverage level

    • Minnesota state minimum average annual rate: $579 a year; $48 a month
    • Liability only; 100/50/100 average annual rate: $575 a year; $47 a month
    • Full coverage of 100/300/100, with comprehensive and collision and $500 deductible: $1,187; $99 a month

    For more details on how comprehensive, collision, uninsured motorist coverage and liability work to protect you and your car as well as damage and injuries you cause in an accident, see our Minnesota car insurance page or explanations of the different types of car insurance.

    Who has the cheapest Minneapolis car insurance rates?

    Geico provides coverage for the city at the lowest rates, based on a CarInsurance.com analysis of rates from six major insurers for nearly all ZIP codes in Minneapolis. Below you'll see average annual rates for Minneapolis, ranked cheapest to most expensive, for three coverage levels.

    CompanyState minimum
    State Farm$861
    State Farm$931
    State Farm$1,609

    How much does insurance go up after a speeding ticket in Minneapolis?

    CarInsurance.com’s rate analysis shows that drivers in Minneapolis can expect to pay, on average, up to about $387 more a year for car insurance after minor violations such as speeding. More serious infractions, such as reckless driving can hike rates as much as $1,299. Minor traffic violations typically stay on your record for about three years, and you can expect to see the rate increase upon your policy renewal date.

    ViolationAverage rateRate after violationDollar increasePercentage increase
    Reckless driving$1,448$2,747$1,29990%
    DUI/DWI first offense$1,448$2,583$1,13478%
    Operating a vehicle in a race (highway racing)$1,448$2,071$62343%
    2 speeding tickets 11 mph or over$1,448$2,060$61142%
    Careless driving$1,448$2,012$56439%
    Lapse of coverage for 60 days$1,448$1,893$44431%
    Speeding 30+ over limit$1,448$1,836$38727%
    Speeding ticket 16-29 MPH over limit$1,448$1,836$38727%
    Failure to stop$1,448$1,782$33423%
    Failure to yield$1,448$1,782$33423%
    Following too closely$1,448$1,782$33423%
    Improper turn$1,448$1,782$33423%
    Improper/illegal pass$1,448$1,782$33423%
    Speeding ticket 1-5 MPH over limit$1,448$1,767$31922%
    Speeding ticket 6-10 MPH over limit$1,448$1,767$31922%
    Speeding ticket 11-15 MPH over limit$1,448$1,767$31922%
    Lapse of coverage for 7 days$1,448$1,706$25818%
    Lapse of coverage for 15 days$1,448$1,706$25818%
    Lapse of coverage for 30 days$1,448$1,706$25818%
    Driving without a license or permit$1,448$1,589$14110%
    Driving without insurance$1,448$1,589$14110%
    Seatbelt infraction$1,448$1,460$121%

    *Methodology: CarInsurance.com commissioned Quadrant Information Services in 2019 to field rates from up to six major insurers for 10 ZIP codes in the city for the following driver profile: male, age 40, good credit, clean driver record, driving 2017 Honda accord. We compared the clean record driver rate to the rate for various tickets and accident claims to get the average percentage and dollar increase, for the coverage level of 100/300/50; with comprehensive and collision and $500 deductible. These are estimates; your actual rate will depend on your personal rating factors.

    How much will an accident raise my insurance in Minneapolis?

    When you file a claim for an accident that's your fault, typically your car insurance rates will increase. The table below shows how much for drivers in Minneapolis can expect to pay for common car insurance claims.

    ClaimAverage rateRate after claimDollar increasePercentage increase
    2 At-fault property damage accident over $2k$1,448$3,165$1,716118%
    Hit and run - injury$1,448$2,774$1,32692%
    Hit and run property damage$1,448$2,774$1,32692%
    1 At-fault property damage accident over $2K$1,448$1,853$40428%
    At-fault bodily injury accident$1,448$1,853$40428%
    1 At-fault property damage accident under $2K$1,448$1,633$18513%
    2 comprehensive claims for over $2k$1,448$1,629$18112%
    1 comprehensive claim for over $2k$1,448$1,541$936%
    1 comprehensive claim for under $2k$1,448$1,541$936%

    Adding a teen driver to your insurance

    Teen drivers are inexperienced, and are involved in more accidents than older drivers, so they cost more to insure. In Minneapolis, adding a 16-year-old daughter to your policy will hike your rates by $1,636 annually, or 113 percent. It's more for boys. Insuring your 16-year-old son will increase your yearly rate by $2,298, or 159 percent, according to CarInsurance.com rate data. If you're insuring a teen driver of any age, you can get expert tips, more rate data by age and details from our "Parents guide to insuring a teen driver."

    Bad credit nearly doubles car insurance rates

    Having a low credit score and poor credit history significantly increases how much you pay for car insurance, unless you live in Hawaii, California or Massachusetts where the practice is banned. Minnesota ranks ninth among the worst states for drivers with bad credit. Seattle drivers with bad credit can expect rates to go up by $1,230, or 85 percent, on average, yearly. Even with bad credit, you can still save money on car insurance, as some insurance companies will increase rates higher than others for those with less than perfect credit. That's why it's always prudent to compare car insurance quotes at least once a year.

    SR-22 insurance

    If you're convicted of a serious offense, such as DUI or reckless driving, you may be required to have your insurance company file an SR-22 form on your behalf. An SR-22 is a car insurance company’s guarantee to the state that you are carrying the legally mandated coverage. If you are required to have an SR-22 filed, your car insurance rates will increase. CarInsurance.com data show that for drivers in Minneapolis, your rate will go up by an average of $1,236, or 85 percent.