How much bodily injury coverage do I need in Minnesota? This question is about Bodily Injury Liability Insurance

How much bodily injury coverage do I need in Minnesota?

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This question is about Bodily Injury Liability Insurance

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@WalletHub • 07/13/21 This answer was first published on 07/13/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You need $30,000 in bodily injury coverage per person ($60,000 per accident). Bodily injury liability insurance pays for other people’s injuries after a car accident that you cause, and it can also cover your legal fees if you are sued after a crash.

In addition to bodily injury liability insurance, drivers in Minnesota need to purchase $10,000 in property damage liability insurance. Property damage liability coverage pays for damage to others’ property after an accident caused by the policyholder. Together, these liability insurance requirements are often written as 30/60/10.

Minnesota also requires drivers to buy $40,000 in personal injury protection (PIP) and $25,000 per person ($50,000 per accident) in uninsured/underinsured motorist coverage. For more information, check out WalletHub’s breakdown of how much car insurance you need in Minnesota.

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How does car insurance work in Minnesota?

Minnesota is a no-fault state, which means that drivers get coverage for car accident injuries from their own insurer without the need to determine who caused the accident. Policies in no-fault states must include personal injury protection (PIP). Minnesota also requires uninsured motorist protection, which replaces the liability coverage another driver should have had and pays for your costs up to the policy limits.... read full answer

Drivers in Minnesota are required to carry at least $30,000 in bodily injury liability insurance per person, up to $60,000 per accident, and $10,000 in property damage liability insurance. When an insured driver is responsible for an accident, liability insurance covers the other driver’s expenses.

On average, state minimum coverage costs $1,185 per year in Minnesota, but there are many factors that can affect how much you pay for a policy. Any coverage above and beyond what is required by Minnesota law is optional, but it’s usually worth the money to get some additional protection. The biggest reason is that state minimum coverage doesn’t protect your personal vehicle. For insurance to pay for damage to your car, you’ll need full coverage.

In Minnesota, full coverage refers to a policy that includes collision and comprehensive, plus higher coverage limits than what is required by state law. Full coverage car insurance costs about $3,256 per year in Minnesota. There may be cases when you don’t need full coverage insurance, but Minnesota drivers should buy as much coverage as they can afford as a general rule.

Most policies offer coverage for six months to one year at a time and can be paid in a variety of ways, including monthly payments. The best car insurance companies in Minnesota balance affordability with quality coverage and strong customer service. You can easily get a quote from top companies like Allstate, Geico, Travelers, Shelter, Auto-Owners Insurance, and Farm Bureau Mutual online or over the phone, or use WalletHub’s comparison tools to find the best car insurance policy for your needs.

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How much is car insurance in Minnesota per month?

Car insurance in Minnesota costs $58 per month or $698 per year for minimum coverage, on average. The cheapest car insurance companies in Minnesota are Westfield, USAA, and Auto-Owners, and getting quotes from several companies can help you find the best deal.

The average cost of car insurance in Minnesota is 4% higher than the ... read full answer national average auto insurance premium. There are several factors that affect how much you’ll pay for car insurance in Minnesota, including your driving record, age and location, the amount of coverage you purchase, and the insurance company you buy it from.

Average Cost of Car Insurance in Minnesota by Category

After an at-fault accident: $189 per month

Driver with poor credit: $135 per month

Teen driver: $194 per month

After a DUI: $142 per month

Average Cost of Car Insurance in Minnesota by Company

Company	Minimum Coverage	Full Coverage
AAA	$888 per year	$2,854 per year
Allstate	$807 per year	$2,421 per year
American Family	$695 per year	$1,352 per year
Chubb	$459 per year	$1,625 per year
Country Financial	$853 per year	$2,393 per year
Geico	$492 per year	$1,496 per year
Nationwide	$656 per year	$1,357 per year
State Farm	$452 per year	$1,187 per year
Travelers	$609 per year	$1,631 per year
USAA	$388 per year	$1,403 per year

Note: Rates are an approximation based on a 45-year-old man in Minnesota with a clean driving record. Actual rates will vary.

Average Cost of Car Insurance in Minnesota by Age

Age	Average Annual Premium
16 years old	$2,333 per year
17 years old	$2,019 per year
18 years old	$1,753 per year
19 years old	$1,532 per year
20 years old	$1,341 per year
21 years old	$1,118 per year
22 years old	$1,045 per year
23 years old	$969 per year
24 years old	$921 per year
25 years old	$825 per year
35 years old	$716 per year
45 years old	$698 per year
55 years old	$650 per year
65 years old	$667 per year

Note: Rates are an approximation based on a driver in Minnesota with minimum coverage and a clean driving record. Actual rates will vary.

How to Lower the Cost of Car Insurance in Minnesota

Shop around and compare quotes. We recommend comparing quotes from at least three different insurance companies to make sure you are getting the best rate.

Choose a higher deductible. Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premiums but means you will have to pay more out-of-pocket when you file a claim.

Consider lowering your coverage. Consider purchasing only the minimum amount of coverage required by your state, rather than purchasing higher limits or a full coverage policy.

Look for discounts you may be eligible for. For instance, most insurance companies offer a good-driver discount for customers with a clean driving record, a good-student discount, or a discount for paying your premiums in full up front.

To learn more, check out our guide to how much car insurance you need in Minnesota as well as our picks for the cheapest car insurance companies in Minnesota.

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Is uninsured motorist coverage required in Minnesota?

Yes, uninsured motorist coverage is required in Minnesota. Drivers in Minnesota are required to carry $25,000 in uninsured motorist bodily injury (UMBI) coverage per person (up to $50,000 per accident). Additionally, Minnesota drivers need at least $25,000 per person ($50,000 per accident) in underinsured motorist (UIM) bodily injury coverage. Minnesota does not require drivers to have ... read full answer uninsured motorist property damage (UMPD) insurance, however

Uninsured motorist insurance covers the policyholder’s expenses after an accident if the other driver doesn’t have insurance or doesn’t have enough coverage to pay for the damage. UMBI pays for the policyholder’s medial bills, while UMPD pays to repair or replace their vehicle. Instead of UMPD, drivers in Minnesota can use collision insurance, which covers repairs after any car accident.

How Uninsured Motorist Coverage Works in Minnesota

Normally, a Minnesota driver can collect damages from the at-fault driver’s liability insurance after an accident. However, if the other driver is uninsured, getting compensation can be time-consuming or nearly impossible. That’s where uninsured motorist coverage can help. Instead of having to file a lawsuit, you can file a claim with your own insurance company in order to pay your bills and get the repairs or treatment you need without waiting for the courts.

Even though car insurance is required in Minnesota, an average of 12% of drivers in the state don’t have car insurance. Car accidents in Minnesota can be extremely expensive, too. For example, fatal accidents in Minnesota have a total cost of $627 million each year. As a result, uninsured motorist insurance is a smart investment for Minnesota drivers.

Key Facts About Uninsured Motorist Coverage in Minnesota:

Uninsured Motorist Bodily Injury Coverage: $25,000 per person and up to $50,000 per accident

Underinsured Motorist Bodily Injury Coverage: $25,000 per person and up to $50,000 per accident

Uninsured Drivers on the Road: 12%

Total Crashes per Year: 79,215

Total Annual Cost of Fatal Accidents: $627 million

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