Although Geico is the cheapest for state minimum liability coverage, Nationwide offers the cheapest auto insurance rates in Minnesota for full coverage at about $922 a year or $77 monthly. That’s below the average Minnesota car insurance rate of $1,482 a year for a full coverage policy.
However, cheap isn’t everything, and an Insurance.com analysis of rates, complaints, and financial stability found State Farm to be the best insurance company in Minnesota.
Many factors go into your insurance premium. Insurance companies use your driving record, the type of car you drive and the coverage you select to determine your annual car insurance rate.
Read on to compare Minnesota insurance rates by company, age and more.
Key takeaways
- State Farm is the best car insurance company in Minnesota overall, with below-average rates and a low complaint ratio.
- Nationwide is the cheapest car insurance company in Minnesota at $992 per year for full coverage.
- Geico has the cheapest rates for state minimum coverage while Nationwide is the cheapest for adult and senior drivers and State Farm is cheapest for teens.
Average cost of car insurance in Minnesota
The average car insurance rate in Minnesota is $1,482 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Minnesota is $475.
Best car insurance companies in Minnesota
State Farm is the best car insurance company in Minnesota, based on a 2023 analysis by Insurance.com, with an overall rating of 4.62, with Nationwide in second place.
Below is a full list of the top Minnesota insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| State Farm | A++ | $ 992 | 0.52 | 4.62 |
| Nationwide | A+ | $ 922 | 0.66 | 4.53 |
| Auto-Owners | A++ | $ 1,435 | 0.64 | 4.29 |
| USAA* | A++ | $ 1,236 | 0.99 | 4.08 |
| American Family | A | $ 1,245 | 0.57 | 3.98 |
| Geico | A++ | $ 1,689 | 0.77 | 3.85 |
| Travelers | A++ | $ 1,430 | 1.03 | 3.82 |
| Allstate | A+ | $ 2,197 | 0.95 | 2.78 |
| Automobile Club MI (AAA) | A | $ 2,196 | 1.38 | 1.95 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Minnesota
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
We have gathered price quotes from all the major insurance providers in Minnesota and put together a list of the cheapest car insurance companies. Based on a rate analysis by Insurance.com, Nationwide is the cheapest auto insurance company in Minnesota with average rates of $922 annually or $77 a month for full coverage.
| Company | State minimum | 50/100/50 liability only | 100/300/100 liability with $500 comp/coll deductible |
|---|---|---|---|
| Nationwide | $ 433 | $ 476 | $ 922 |
| State Farm | $ 361 | $ 397 | $ 992 |
| USAA* | $ 302 | $ 339 | $ 1,236 |
| American Family | $ 570 | $ 596 | $ 1,245 |
| Travelers | $ 623 | $ 653 | $ 1,430 |
| Auto-Owners | $ 363 | $ 394 | $ 1,435 |
| Geico | $ 375 | $ 415 | $ 1,689 |
| Automobile Club MI (AAA) | $ 729 | $ 782 | $ 2,196 |
| Allstate | $ 520 | $ 545 | $ 2,197 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance cost in Minnesota by age
In Minnesota, car insurance rates are higher for teenagers as they are more prone to accidents due to their lack of experience on the road.
State Farm offers the cheapest car insurance for teen drivers in Minnesota at $2,228 per year for a full coverage policy.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Minnesota, Nationwide offers the cheapest full coverage car insurance for adult drivers (25-55 year-olds) and senior drivers (60-75 year-olds) at $947 per year and $849 per year, respectively.
| Age (group) | Company Group | Avg. Annual Premium |
|---|---|---|
| Teens (16-19) | State Farm | $ 2,228 |
| Teens (16-19) | American Family | $ 2,750 |
| Teens (16-19) | Nationwide | $ 3,050 |
| Teens (16-19) | Auto-Owners | $ 3,412 |
| Teens (16-19) | USAA | $ 3,448 |
| Teens (16-19) | Travelers | $ 3,831 |
| Teens (16-19) | Geico | $ 4,672 |
| Teens (16-19) | Allstate | $ 5,750 |
| Teens (16-19) | Automobile Club MI (AAA) | $ 5,937 |
| Young Adults (20-24) | Nationwide | $ 1,521 |
| Young Adults (20-24) | State Farm | $ 1,580 |
| Young Adults (20-24) | American Family | $ 1,609 |
| Young Adults (20-24) | USAA | $ 1,892 |
| Young Adults (20-24) | Travelers | $ 2,127 |
| Young Adults (20-24) | Auto-Owners | $ 2,204 |
| Young Adults (20-24) | Geico | $ 2,561 |
| Young Adults (20-24) | Allstate | $ 3,341 |
| Young Adults (20-24) | Automobile Club MI (AAA) | $ 3,737 |
| Adults (25-55) | Nationwide | $ 947 |
| Adults (25-55) | State Farm | $ 1,011 |
| Adults (25-55) | American Family | $ 1,218 |
| Adults (25-55) | USAA | $ 1,268 |
| Adults (25-55) | Travelers | $ 1,458 |
| Adults (25-55) | Auto-Owners | $ 1,462 |
| Adults (25-55) | Geico | $ 1,562 |
| Adults (25-55) | Allstate | $ 2,064 |
| Adults (25-55) | Automobile Club MI (AAA) | $ 2,254 |
| Seniors (60-75) | Nationwide | $ 849 |
| Seniors (60-75) | State Farm | $ 922 |
| Seniors (60-75) | American Family | $ 1,174 |
| Seniors (60-75) | USAA | $ 1,189 |
| Seniors (60-75) | Travelers | $ 1,342 |
| Seniors (60-75) | Auto-Owners | $ 1,377 |
| Seniors (60-75) | Geico | $ 1,562 |
| Seniors (60-75) | Automobile Club MI (AAA) | $ 2,099 |
| Seniors (60-75) | Allstate | $ 2,112 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Minnesota by driver profile
Drivers who have accidents or tickets are considered a higher risk and will pay more for car insurance.
However, the severity and frequency of the incidents also play a role in insurance rates. For instance, drivers with a single minor accident may see a smaller increase in their rates compared to those with multiple major accidents.
Below are average Minnesota rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Ticket |
|---|---|---|---|
| Nationwide | $ 1,166 | $ 1,654 | $ 1,360 |
| USAA* | $ 1,303 | $ 1,890 | $ 1,632 |
| State Farm | $ 1,311 | $ 1,568 | $ 1,388 |
| American Family | $ 1,572 | $ 1,572 | $ 2,041 |
| Geico | $ 1,675 | $ 2,893 | $ 2,122 |
| Travelers | $ 1,676 | $ 2,481 | $ 2,338 |
| Auto-Owners | $ 1,698 | $ 2,161 | $ 1,796 |
| Auto Club Entreprises | $ 2,192 | $ 2,795 | $ 2,625 |
| Automobile Club of MI | $ 2,277 | $ 2,892 | $ 2,719 |
| Allstate | $ 2,680 | $ 4,419 | $ 3,742 |
USAA offers car insurance only to military members, veterans and their families.
Methodology
Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving 2021 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
