Cheapest car insurance companies in Minneapolis 

Nationwide and Travelers offer the cheapest car insurance rates in Minneapolis for 2023, according to a study by Insurance.com.

The car insurance company in Minneapolis that provides the cheapest car insurance premiums is Nationwide, with an average annual rate of $1,792 .

The cost of car insurance in Minneapolis varies depending on your ZIP code, driving history, coverage level, and carrier. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.

Here’s a list of insurance companies offering affordable premiums to drivers in Minneapolis.

CompaniesAverage annual rates
USAA$1,489
Nationwide$1,792
Travelers$1,799
State Farm$1,860
Auto-Owners$2,013
Automobile Club MI (AAA)$2,069
Geico$2,410
Western National Mutual$3,057
Allstate$3,199

Cheapest car insurance cost in Minneapolis by Age Group 

USAA stands out as Minneapolis's cheapest auto insurance company for teen drivers at an average annual of $4,496. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups. 

Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.

USAA is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Minneapolis at about $2,325 per year

You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Minneapolis is USAA. Its average rate for a full coverage car insurance policy is $1,515 per year

USAA is the cheapest option for senior drivers in Minneapolis, with an average premium of $1,526 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
USAA$4,496$2,325$1,515$1,526
Auto-Owners$4,726$3,114$1,998$1,965
Travelers$5,072$2,735$1,804$1,749
State Farm$5,195$3,046$1,872$1,725
Nationwide$6,085$2,936$1,759$1,605
Automobile Club MI (AAA)$7,439$3,492$2,107$2,128
Geico$7,475$3,994$2,348$2,459
Allstate$8,649$5,111$3,059$3,419
Western National Mutual$8,678$5,714$3,054$3,203
North Star Mutual$9,819$6,236$4,320$3,798

Cheapest car insurance companies in Minneapolis by driver profile 

Your driving profile plays an important role in determining your car insurance rates in Minneapolis. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.

Finding the cheapest car insurance in Minneapolis requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit. 

Here are some of the cheapest car insurance companies in Minneapolis based on driver profile. 

Nationwide has the cheapest rates for Minneapolis drivers with poor credit looking for affordable auto insurance. At an annual cost of $1,863, Nationwide offers substantial savings among the insurers analyzed.

Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Minneapolis.

CompanyAverage annual rates
Nationwide$1,863
Geico$1,953
USAA$3,092
State Farm$3,233
Allstate$5,264
Travelers$6,336

Based on recent data analysis, 30-year-old drivers in Minneapolis with speeding tickets on their driving record can get the cheapest car insurance rates from State Farm at an annual cost of $1,504.

Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors. 

Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price. 

CompanyAverage annual premium
State Farm$1,504
Nationwide$1,690
USAA$1,705
Geico$2,588
Travelers$2,728
Allstate$4,041

Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.

In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Minneapolis drivers with at-fault accidents. It provides coverage at an average annual cost of $1,640.

CompanyAverage annual rates
State Farm$1,640
Nationwide$1,906
USAA$2,281
Travelers$2,794
Geico$3,304
Allstate$5,100

State Farm is the carrier that offers cheap auto insurance rates in Minneapolis for drivers after a DUI. Its average annual rate for full coverage is $1,504

If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers. 

CompanyAverage annual rates
State Farm$1,504
Nationwide$2,554
USAA$2,594
Travelers$4,074
Allstate$5,418
Geico$8,848

Average car insurance cost in Minneapolis 

In Minneapolis, the annual cost of car insurance for the coverage level of 100/300/100 is $2,188 or around $182 per month. However, the average yearly rate for state minimum coverage in Minneapolis is $783.

While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.

Average annual RatesState minimum average
$2,188$783

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

Compare auto insurance rates by city in Minnesota