Drivers looking for cheap car insurance in Minneapolis will want to compare rates from USAA and State Farm while shopping for a policy. Our research shows that State Farm has an average annual premium of $708 for minimum coverage. USAA’s average minimum-coverage rate is $513 per year, but the company only provides insurance coverage to military service members, veterans and their families.
Both State Farm’s and USAA’s rates are far cheaper than the Minneapolis average for minimum-coverage car insurance of $1,487 per year.
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Cheapest car insurance companies in Minneapolis
USAA and State Farm offer the cheapest car insurance rates in Minneapolis for most types of driver profiles. Only members of the military (current and former) and certain family members are eligible for coverage from USAA. But we included the company in our analysis for reference and for the sake of drivers who may be eligible for this low-cost coverage option.
Cheapest minimum-coverage car insurance in Minneapolis
State Farm has the cheapest auto insurance rates for Minneapolis drivers. The average minimum-coverage car insurance premium with State Farm is $59 per month. Full-coverage premiums with State Farm run an average of $99 per month.
However, if you’re looking for a competitive car insurance rate in Minneapolis and you’re a current or former member of the military (or an eligible family member), USAA may be your best option. USAA’s average premium for minimum-coverage car insurance is $43 per month, and the company’s average monthly premium for a full-coverage policy is $96.
| Company | Annual rate | Monthly rate |
|---|---|---|
| USAA | $513 | $43 |
| State Farm | $708 | $59 |
| American Family | $784 | $65 |
| GEICO | $978 | $82 |
| Allstate | $1,094 | $91 |
| City average | $1,487 | $124 |
| Owners | $1,677 | $140 |
| Illinois Farmers | $3,034 | $253 |
| Standard Fire | $3,107 | $259 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
A minimum-coverage car insurance policy satisfies Minnesota’s minimum car insurance requirements for personal injury protection (PIP), uninsured motorist and liability coverage.
Cheapest full-coverage car insurance in Minneapolis
State Farm and USAA once again take the top two spots for the cheapest full-coverage auto insurance in Minneapolis. State Farm drivers pay an average of $99 a month for full-coverage car insurance policies. USAA is cheaper, with an average rate of $96 a month, but the company doesn’t offer coverage to all drivers.
| Company | Annual rate | Monthly rate |
|---|---|---|
| USAA | $1,154 | $96 |
| State Farm | $1,193 | $99 |
| American Family | $1,363 | $114 |
| GEICO | $1,900 | $158 |
| Allstate | $1,997 | $166 |
| City average | $2,679 | $223 |
| Standard Fire | $4,353 | $363 |
| Owners | $4,414 | $368 |
| Illinois Farmers | $5,059 | $422 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Full-coverage car insurance meets Minnesota’s minimum coverage requirements and then some. In addition to satisfying state minimum requirements, a full-coverage policy also includes collision and comprehensive insurance protections.
Your auto lender may require you to carry full-coverage car insurance on your vehicle until you pay off your car loan. However, even if a lender doesn’t force you to take out a full-coverage policy, you may want to consider doing so if your vehicle is new or potentially expensive to repair in the event of an accident.
Get cheap car insurance in Minneapolis, Minnesota
Cheapest car insurance for drivers with an accident history in Minneapolis
State Farm provides the cheapest car insurance for Minneapolis drivers with one accident on their driving records. It charges an average monthly premium of $120 to drivers in this situation for full-coverage car insurance.
USAA comes in second in terms of affordability for drivers with an accident history in Minneapolis. In this scenario, the insurance provider offers full-coverage premiums averaging $137 per month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,439 | $120 |
| USAA | $1,645 | $137 |
| American Family | $3,000 | $250 |
| Allstate | $3,329 | $277 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest car insurance for drivers with a DUI in Minneapolis
State Farm offers the cheapest car insurance to Minneapolis drivers with a DUI at an average cost of $110 per month for full-coverage policies. USAA charges an average of $177 a month for full-coverage car insurance to eligible drivers with one DUI.
If you’re not eligible for USAA car insurance coverage, the next-cheapest option for drivers with a DUI in Minneapolis is American Family. The insurance company charges drivers with a DUI an average of $208 per month — a rate that’s nearly twice as high as the cheapest option in this category.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,316 | $110 |
| USAA | $2,127 | $177 |
| American Family | $2,491 | $208 |
| Allstate | $3,522 | $294 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Drivers with a DUI pay an average of $3,454 per year for car insurance in Minneapolis. That amount breaks down to an average monthly premium of $288.
Cheapest car insurance for drivers with a speeding ticket in Minneapolis
State Farm offers the best rate to drivers in Minneapolis who have a speeding ticket on their driving records — $110 per month ($1,316 per year) on average for full-coverage car insurance. The second-cheapest car insurance option for Minneapolis drivers with a speeding ticket is USAA, with an average monthly rate of $118 or $1,420 per year.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,316 | $110 |
| USAA | $1,420 | $118 |
| American Family | $1,628 | $136 |
| GEICO | $2,454 | $205 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Drivers with a single speeding ticket pay an average of $1,947 per year ($162 per month) for car insurance in Minneapolis.
Cheapest car insurance for teen drivers in Minneapolis
USAA and State Farm provide the cheapest car insurance in Minneapolis for teenage drivers. USAA rates for this type of coverage average $99 per month ($1,187 per year) — assuming the driver is 18 years old and has a clean driving record with no accidents or DUIs.
If you or a family member are not affiliated with the military, however, State Farm is your best car insurance option for teen drivers in Minneapolis. It offers an average rate of $1,660 per year or $138 per month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| USAA | $1,187 | $99 |
| State Farm | $1,660 | $138 |
| Allstate | $2,083 | $174 |
| American Family | $2,858 | $238 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
On average, teenage drivers (18 years old) in Minneapolis pay $2,237 per year or $186 per month for minimum-coverage car insurance.
Cheapest full-coverage car insurance for teen drivers in Minneapolis
For teen drivers in Minneapolis who want full-coverage car insurance, USAA and State Farm are the cheapest options. Those who are eligible can get USAA car insurance for an average of $2,657 per year or $221 per month. State Farm’s average rate for the same driver profile is $2,917 or $243 per month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| USAA | $2,657 | $221 |
| State Farm | $2,917 | $243 |
| Allstate | $4,633 | $386 |
| American Family | $5,001 | $417 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
The average cost of full-coverage car insurance for teen drivers in Minneapolis is $5,068 per year or $422 per month. Yet factors like speeding tickets and accidents could result in a higher premium.
Find cheap car insurance in Minneapolis at any age
Cheapest car insurance for senior drivers in Minneapolis
USAA offers the cheapest rate on car insurance for Minneapolis seniors. Drivers who are 60 years old pay an average rate of $41 per month or $491 per year for minimum-coverage car insurance.
Drivers who aren’t eligible for insurance through USAA because they aren’t military service members, veterans or their family members will find the cheapest rates with State Farm. State Farm’s average monthly premium for 60-year-old drivers in Minneapolis is $56 ($672 per year).
| Company | Annual rate | Monthly rate |
|---|---|---|
| USAA | $491 | $41 |
| State Farm | $672 | $56 |
| American Family | $714 | $60 |
| GEICO | $847 | $71 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
The average car insurance rate for a 60-year-old driver in Minneapolis is $749 per year — $62 per month.
Cheapest full-coverage car insurance for senior drivers in Minneapolis
Senior drivers (aged 60) in Minneapolis who want a full-coverage car insurance policy will find the cheapest rates with USAA and State Farm. State Farm offers policies for an average of $1,114 per year — $93 per month — to drivers in this category.
It’s worth mentioning, however, that military members, veterans and eligible family members might find a lower premium through USAA. USAA offers full-coverage auto insurance to Minneapolis seniors for an average of $1,062 per year or $89 per month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| USAA | $1,062 | $86 |
| State Farm | $1,114 | $93 |
| American Family | $1,232 | $103 |
| GEICO | $1,600 | $133 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
For full-coverage car insurance, 60-year-olds in Minneapolis pay an average of $1,353 per year or $113 per month.
Minneapolis car insurance requirements
Minnesota, like most other states, has some basic car insurance requirements that drivers have to follow. There are three types of car coverage that every Minnesota driver must have: PIP, liability and uninsured/underinsured motorist insurance.
Here are the minimum car insurance requirements for each category.
Liability
- $30,000 for bodily injury per person
- $60,000 for bodily injury to two or more people
- $10,000 for physical damage to vehicle or property
PIP
- $40,000 per accident (per person)
Uninsured/underinsured motorist
- $25,000 for bodily injury per person
- $50,000 for bodily injuries to two or more people
You should also understand that carrying the minimum coverage isn’t recommended. If you’re in an accident where you’re found at fault or where the other driver doesn’t have sufficient car insurance coverage (or no insurance at all), it’s easy to exhaust the minimum coverage amounts above — especially if extensive medical bills or court costs are involved in the process.
QuoteWizard recommends the following liability limits to protect yourself financially:
- Bodily injury (per person): $100,000
- Bodily injury (per accident): $300,000
- Property damage liability (per accident): $100,000
Frequently asked questions about car insurance in Minneapolis
How much is car insurance in Minneapolis?
Minimum-coverage car insurance costs an average of $124 a month in Minneapolis. The average cost of full-coverage car insurance in Minneapolis is $223 a month.
What you pay for car insurance depends on several factors, though, so your monthly premium might be higher or lower than these amounts. Where you live, the car you drive and your driving history all impact the cost of your policy.
How much car insurance do I need in Minneapolis?
Minneapolis drivers need at least $30,000 of bodily injury liability car insurance coverage per person and $60,000 per accident. You also need $10,000 of property damage liability coverage, at a minimum, and $40,000 of PIP coverage, as well as $25,000 of uninsured motorist coverage per person and $50,000 per accident.
Where can I get cheap car insurance in Minneapolis?
State Farm offers the cheapest car insurance in Minneapolis for most drivers, with an average rate of $59 a month for a minimum-coverage policy. State Farm offers the cheapest full-coverage car insurance to most Minneapolis drivers, too, with an average rate of $99 a month.
If you’re a current or former member of the military, or an eligible relative of one, USAA may offer you even cheaper car insurance rates than State Farm. USAA’s average monthly rate for minimum coverage is $43, while its average monthly rate for full coverage is $96.
Methodology
We obtained non-binding quotes from Quadrant Information Services for a typical driver in every Minneapolis ZIP code to find the cheapest car insurance companies and rates. Unless otherwise noted, the driver is a 35-year-old male with a clean driving record. He owns a 2012 Honda Accord LX and drives an average 13,500 miles a year.
Minimum-coverage insurance rates are based on a policy meeting Minnesota’s minimum requirements for liability, PIP and uninsured motorist coverage.
Full-coverage policies meet the minimum requirements for PIP and uninsured motorist coverage and include the following additional coverages, limits and deductibles:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability
- $500 deductible for collision coverage
- $500 deductible for comprehensive coverage
Sources:
Auto insurance by city
- Minneapolis
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