- Minnesota government car insurance for low-income drivers
- Minnesota minimum car insurance requirements
- Best low income car insurance in Minnesota
- Cheap car insurance in Minnesota for low-income individuals
- Car insurance discounts in Minnesota for low-income drivers
- Methodology
- Low-income car insurance in Minnesota: Frequently asked questions
- Compare low-income car insurance rates in Minnesota with other states
Minnesota government car insurance for low-income drivers
There is no government-run car insurance program for low-income drivers in Minnesota. Only a handful of states (California, Hawaii and New Jersey) have such a program.
In Minnesota, low-income drivers must still carry the minimum amount of car insurance. The best way to find it on a budget is to shop around.
Minnesota minimum car insurance requirements
The minimum car insurance requirements in Minnesota are as follows:
| Minimum liability coverage limits | Average annual premium | Other types of insurance required (if any) |
|---|---|---|
| 30/60/10 | $475 | UIMBI, UMBI and PIP |
Remember that if you have a loan on your car, you’re required to carry full coverage, which includes collision and comprehensive.
Best low income car insurance in Minnesota
Auto-Owners came out on top as the best pick for low-income car insurance.
People on a tight budget still deserve great service from their car insurance company. We gathered the data on the top car insurance companies in Minnesota and compared them on rates for state-minimum coverage, financial stability and customer satisfaction based on J.D. Power and National Association of Insurance Commissioners (NAIC) scores.
These are the best low-income car insurance companies in Minnesota.
| Company | Average annual premium | J.D. Power | AM Best | NAIC | Insurance.com score |
|---|---|---|---|---|---|
| Auto-Owners | $355 | 829 | A++ | 0.5 | 4.03 |
| State Farm | $378 | 833 | A++ | 0.7 | 3.55 |
| Travelers | $550 | 797 | A++ | 0.49 | 3.2 |
| Geico | $498 | 819 | A++ | 0.91 | 3 |
| Allstate | $585 | 806 | A+ | 0.65 | 2.81 |
| Nationwide | $672 | 792 | A+ | 0.64 | 2.56 |
| Automobile Club MI (AAA) | $507 | 786 | A | 0.77 | 2.5 |
Cheap car insurance in Minnesota for low-income individuals
Based on state-minimum coverage, we found that the cheapest car insurance company in Minnesota is Auto-Owners at an average rate of $355 a year.
When you’re working with a tight budget, price is the number one consideration. We gathered rates from car insurance companies in Minnesota to find the cheapest options on average.
| Company name | Average annual premium | Average monthly premium |
|---|---|---|
| Auto-Owners | $355 | $30 |
| North Star Mutual | $374 | $31 |
| State Farm | $378 | $32 |
| Western National Insurance | $497 | $41 |
| Geico | $498 | $41 |
| Auto Club Group - ACG (AAA) | $507 | $42 |
| Travelers | $550 | $46 |
| Allstate | $585 | $49 |
| Nationwide | $672 | $56 |
| USAA | $334 | $28 |
Car insurance discounts in Minnesota for low-income drivers
Discounts are the best way to bring down your car insurance rates. There are a number of discounts low-income drivers in Minnesota can take advantage of for cheaper insurance. Take a look at some common discounts and how much you can save below.
| Discount type | % Discount |
|---|---|
| Years Licensed | 32% |
| Years Insured | 23% |
| Telematics | 13% |
| Multi Policy | 11% |
| Loyalty - Years Renewal With Company | 11% |
| Profession | 10% |
| Primary Use | 10% |
| Education | 10% |
| Payment Type | 8% |
| Daily Commute | 8% |
| Days Advanced Purchase | 7% |
| Marital Status | 7% |
| Days Per Week Driven | 7% |
| Homeowner | 6% |
| Lower Annual Mileage | 5% |
| Electronic Funds Transfer | 5% |
| Paperless/Electornic Documents | 5% |
| Air Bags | 4% |
| Safety Devices | 2% |
| Anti-Theft Device | 2% |
Methodology
Insurance.com commissioned car insurance rates from Quadrant Data Services in late 2023 for state minimum car insurance policies across all states. Rates are based on a 40-year-old driver with a clean driving record and good credit, driving a Honda Accord LX. We compared rates from 170 companies across 35,488 ZIP codes.
Low-income car insurance in Minnesota: Frequently asked questions
What is the cheapest car insurance company for low-income people?
In Minnesota, the cheapest car insurance company is Auto-Owners. However, that’s based on average rates and may differ for you, so it’s important to shop around.
Does Minnesota have car insurance for low-income individuals?
No, Minnesota doesn’t offer a car insurance program for low-income individuals or families.
Compare low-income car insurance rates in Minnesota with other states
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