Average cost of car insurance in Minnesota

The average car insurance rate in Minnesota is $1,911 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

Auto-Owners is the best car insurance company in Minnesota, based on a data analysis by Insurance.com, with an overall rating of 3.83. Travelers came in second.

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.

Best car insurance companies in Minnesota
CompanyAM BestAvg. Annual PremiumJ.D. PowerNAICInsurance.com score
Auto-OwnersA++$1,6938290.53.83
TravelersA++$1,6187970.493.58
State FarmA++$1,5258330.73.51
NationwideA+$1,3637920.643.44
AllstateA+$2,3888060.652.81
Automobile Club MI (AAA)A$1,6367860.772.75
GeicoA++$2,4958190.912.69

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 $1,363 annually or $113 a month for full coverage.

Company State minimum liability50/100/50 liability100/300/100 liability with $500 deductible
Nationwide$672$629$1,363
USAA*$334$375$1,382
State Farm$378$421$1,525
Travelers$550$579$1,618
Automobile Club MI (AAA)$507$553$1,636
Auto-Owners$355$383$1,693
North Star Mutual$374$420$2,257
Allstate$585$618$2,388
Geico$498$554$2,495
Western National Mutual$497$581$2,769

*USAA offers car insurance only to military members, veterans and their families.

Auto insurance calculator

Average auto insurance rates in Alabama
30
16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 55 60 65 70 75
Male
Male Female
36110 - Montgomery
For a -year-old
State minimum
Full coverage
Liability only

Most & least expensive ZIP codes for auto insurance in

Most Expensive

Zip CodeCityHighest Rate

Least Expensive

Zip CodeCityLowest Rate

Cheapest car insurance 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.

Auto-Owners offers the cheapest car insurance for teen drivers in Minnesota at $3,540 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 $1,333 per year and $1,191 per year, respectively.

Cheapest car insurance by age in Minnesota
Age Company Avg annual premium 
Teens (16-19)Auto-Owners$3,540
Teens (16-19)State Farm$3,906
Teens (16-19)USAA*$3,927
Teens (16-19)Travelers$4,153
Teens (16-19)Nationwide$4,271
Teens (16-19)North Star Mutual$5,235
Teens (16-19)Automobile Club MI (AAA)$5,454
Teens (16-19)Allstate$7,007
Teens (16-19)Geico$7,066
Teens (16-19)Western National Mutual$7,900
Young Adults (20-24)USAA*$2,148
Young Adults (20-24)Nationwide$2,153
Young Adults (20-24)State Farm$2,384
Young Adults (20-24)Travelers$2,401
Young Adults (20-24)Auto-Owners$2,481
Young Adults (20-24)Automobile Club MI (AAA)$2,738
Young Adults (20-24)North Star Mutual$3,602
Young Adults (20-24)Allstate$3,819
Young Adults (20-24)Geico$3,949
Young Adults (20-24)Western National Mutual$5,302
Adults (25-60)Nationwide$1,333
Adults (25-60)USAA*$1,407
Adults (25-60)State Farm$1,523
Adults (25-60)Travelers$1,619
Adults (25-60)Automobile Club MI (AAA)$1,651
Adults (25-60)Auto-Owners$1,677
Adults (25-60)North Star Mutual$2,159
Adults (25-60)Allstate$2,277
Adults (25-60)Geico$2,421
Adults (25-60)Western National Mutual$2,806
Seniors (65-75)Nationwide$1,191
Seniors (65-75)USAA*$1,361
Seniors (65-75)State Farm$1,368
Seniors (65-75)Travelers$1,480
Seniors (65-75)Auto-Owners$1,544
Seniors (65-75)Automobile Club MI (AAA)$1,591
Seniors (65-75)North Star Mutual$2,022
Seniors (65-75)Allstate$2,461
Seniors (65-75)Geico$2,483
Seniors (65-75)Western National Mutual$3,029

*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. 

Cheapest car insurance companies for tickets and accidents in Minnesota
CompanyClean recordAccident Speeding Ticket
Nationwide$1,202$1,798$1,595
USAA*$1,306$2,230$1,672
State Farm$1,311$1,568$1,439
American Family$1,582$1,876$2,091
Geico$1,588$3,271$2,560
Travelers$1,691$2,677$2,616
Auto-Owners$1,698$2,304$2,322
Auto Club Enterprises (AAA)$2,165$3,077$3,185
Automobile Club of MI (AAA)$2,248$3,180$3,291
Allstate$2,616$4,769$3,786

*USAA offers car insurance only to military members, veterans and their families.

Compare auto insurance rates by city in Minnesota

Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Minnesota.

CityAnnual insurance premium
Apple Valley
$1,917
Bovey
$2,017
Minneapolis
$2,188

Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 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.

Tip icon You might also be interested in