Minnesota Auto Insurance
If you live in the state of Minnesota and plan to drive, then you must possess car insurance that meets certain minimum requirements put in place by the state. These requirements include at least $40,000 in personal injury protection, $30,000 in bodily injury coverage for accidents in which one person is injured, $60,000 in combined bodily injury coverage for all injured parties in a single accident, $10,000 in general property damage coverage. Minnesota drivers are also required to carry uninsured motorist coverage with a minimum of $25,000 in liability coverage for accidents where one person is injured, $50,000 for accidents involving two (2) or more injured parties.
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Always remember that to check with the Minnesota Department of Vehicles about current minimum car insurance requirements before buying a policy as they are the only source for current information.
If you have previously lived in another state or are familiar with the minimum insurance requirements of other states, you may be curious as to why Minnesota requires drivers to carry more than just the standard liability insurance. The reason for this is because Minnesota is one of only a few states that operate under no fault car insurance laws. What this means is that, in the event of an accident, neither driver involved will be blamed or deemed “at fault,” except in cases of obvious gross negligence.
Each driver’s auto insurance policy is required to pay for the policyholder’s own medical bills and/or damages incurred to his or her vehicle. It then becomes necessary to have insurance that will cover medical and health bills (Personal injury protection) that will cover you if you happen to be involved in an accident with a driver who does not possess the proper amounts of insurance or has no insurance (uninsured/underinsured motorist coverage).
What are the Average Car Insurance Rates in Minnesota?
The average car insurance premium Minnesota drivers pay is approximately $74.00 per month or $888 per year. This places Minnesota as the 33rd most expensive state in the United States, meaning that it is about average in terms of price. The good news is, however, that it is well below the national average of $1,440, so drivers in the state do pay less than many others.
The important thing to keep in mind is that you can pay well below the average, and many people in the state do. It’s really just a matter of finding the right auto insurance company for your risk profile. In order to do that, however, you have to compare auto insurance companies and understand how auto insurance works including the number of auto insurance discounts available. It is a good idea to compare at least a handful of auto insurance companies before selecting a provider.
Minnesota DUI Laws
If you are convicted of drunk driving or driving under the influence (DUI) in Minnesota, then you can be sure that your auto insurance rates will go through the roof. In fact, you might even be dropped from your current car insurance company or have trouble finding a provider that will insure you at all. Even for a first DUI offense you can face up to 90 days in jail; a fine of $1,000; have your driver’s license suspended for up to 180 days and a number of financial penalties. After a first conviction, the punishments, fines, and difficulty with insurance just get worse. Therefore, it is in your best interest to never drink and drive and, if you do happen to get caught, to find a knowledgeable DUI/Drunk driving lawyer who can help you through the process with minimal damage.
What Auto Insurance Companies are licensed in Minnesota?
There are over 100 licensed auto insurance companies in Minnesota creating a very competitive environment for auto insurance. However there is no way to determine the best car insurance company for every driver. All drivers have unique risk profile and all car insurance companies calculate risk differently so you need to shop around and compare multiple auto insurance quotes. A lot of drivers start with leaning how car insurance works and, what car insurance discounts are available before comparing quotes but however your shop for car insurance you can bet the only way to find the best rates will be to compare as many auto insurance companies as you can.
