Minneapolis Car Insurance

How much does car insurance cost in Minneapolis, MN? Check out the average rates that drivers pay below.

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What Is the Average Cost of Car Insurance in Minneapolis?

Minneapolis is the largest city in Minnesota and is known for its lakes and parks. Bde Maka Ska, the biggest lake in Minneapolis, is circled by bike and walking trails with a park nearby. In the winter, Lake of the Isles is used for ice skating and hockey. In Spring, you can go boating and see skyline views of the city along Lake Harriet. But there is a cultural side to Minneapolis as well. Walker Art Center is an art museum that showcases contemporary art collections. Nearby is the Minneapolis Sculpture Garden, an 11-acre park with sculptures throughout. The Minneapolis Institute of Art is home to more than 90,000 works of art representing 5,000 years of world history. With all to see and do in Minneapolis, it is nice to have a car. Are you happy with your car insurance or are you searching for a lower rate? Shopping with SmartFinancial can help you with this task. SmartFinancial has 200 insurance partners and all you need to do is answer a few quick questions to receive quotes from insurance companies near you.

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in Minnesota has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Minneapolis typically pay around $126.65 per month compared to the national average of $167.23 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

AreaAverage Monthly Rate
National $167.23
Minnesota $113.11
Minneapolis, Minnesota $126.65

Minneapolis, MN Best Car Insurance Companies

car insurance in Minneapolis

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, USAA generally has the most affordable car insurance in Minneapolis coming in around $105.85 per month. Other companies to consider if you live in Minneapolis is State Farm with an average cost of $106.61 per month and Auto-Owners Insurance Co which typically runs around $124.27 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Minneapolis.

RankCompanyAverage Monthly RateComparison State Average
1 USAA $105.85-6.42%
2 State Farm $106.61-5.75%
3 Auto-Owners Insurance Co $124.279.87%
4 Safeco $124.8910.42%
5 Farm Bureau Mutual (IA Group) $129.9914.92%
6 American Family $142.8926.33%
7 West Bend Mutual $144.4827.74%
8 Western National $175.2754.96%
9 Liberty Mutual $181.0560.07%
10 North Star $193.9771.50%

How Much is Car Insurance in Minneapolis, MN?

how much is auto insurance in Minneapolis

Rates can vary from city to city. The residents of Duluth typically pay $93.74 per month while people who live in Eden Prairie will pay $100.57 per month on average. See what people pay for car insurance in other cities in Minnesota.

Minnesota CitiesMonthly Average Rate
Duluth $93.74
Eden Prairie $100.57
Mankato $102.98
Maple Plain$92.97
Minneapolis $126.65
Moorhead $109.31
Rochester $102.65
Saint Cloud $110.73
Saint Paul $127.43

Cheap Car Insurance in Minneapolis by Zip Codes

find cheap auto insurance in Minneapolis

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of Minnesota. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Minneapolis, MN ZIP CodeAverage Monthly Rate

Car Insurance Rates by Driver's Age Group in Minneapolis

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $199.25 per month in Minneapolis. Compare that to drivers in their 30’s who typically pay around $124.42 per month drivers in their 40s at $118.18 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Age GroupAverage Monthly Rate

Cheapest Insurance for Teenage Drivers in Minneapolis

If you are teen in Minneapolis you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, Safeco typically charges around $74.62 per month. This is likely the most affordable option in Minneapolis. You might also want to consider State Farm and USAA who also offer good affordable policies for teen drivers.

CompanyAverage Monthly Rate
State Farm$161.55
Auto-Owners Insurance Co$180.84
Farm Bureau Mutual (IA Group)$213.12

Cheapest Insurance for 20 Year-olds in Minneapolis

20 year-olds in Minneapolis might want to consider USAA who, on average, offers car insurance rates around $131.70 per month. State Farm , Safeco , Auto-Owners Insurance Co and American Family are also in the top 5 cheapest rates available.

CompanyAverage Monthly Rate
State Farm$132.09
Auto-Owners Insurance Co$154.94
American Family$163.69

Cheapest Insurance for 30 Year-olds in Minneapolis

If you are in your 30s in Minneapolis our research has found that USAA typically has the most affordable coverage coming in around $95.10 per month, followed by State Farm at $100.89 and Auto-Owners Insurance Co at $117.35.

CompanyAverage Monthly Rate
State Farm$100.89
Auto-Owners Insurance Co$117.35
Farm Bureau Mutual (IA Group)$119.29
West Bend Mutual$134.89

Cheapest Insurance for 40 Year-olds in Minneapolis

On average, USAA offers car insurance for 40 year-olds in Minneapolis for around $92.67 per month. If you are looking for affordable coverage, you may also want to consider State Farm or Auto-Owners Insurance Co. The full list of top companies is below.

CompanyAverage Monthly Rate
State Farm$101.49
Auto-Owners Insurance Co$119.42
West Bend Mutual$121.00
Farm Bureau Mutual (IA Group)$127.91

Cheapest Insurance for 50 Year-olds in Minneapolis

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Minneapolis we found that USAA generally offers the most affordable coverage at $82.39 per month.

CompanyAverage Monthly Rate
State Farm$92.61
Farm Bureau Mutual (IA Group)$99.63
National Farmers Union P&C$99.84
Auto-Owners Insurance Co$101.54

Cheapest Insurance for 60 Year-olds in Minneapolis

If you live in Minneapolis and you’re in your 60s, our data indicates that USAA usually has the best rates at $86.28 per month. The top 5 list of car insurance companies is below.

CompanyAverage Monthly Rate
State Farm$91.28
Auto-Owners Insurance Co$99.06
Farm Bureau Mutual (IA Group)$107.99

Driver's Coverage Auto Insurance Rates in Minneapolis, MN

driver's coverage

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Minneapolis, the average monthly rate for a driver who is currently insured is $127.16 while drivers who are not currently covered will pay around $125.59.

CoverageAverage Monthly Rate
Not Currently Insured $125.59
Currently Insured $127.16

Compare Recent Car Insurance Quotes in Minneapolis

auto insurance quotes in Minneapolis city

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Minneapolis a driver of a 2019 Honda Accord can expect to pay around $112.91 per month while someone that owns a 2008 Dodge Ram 1500 may pay around $65.86 per month. Check out the list of recent quotes in Minneapolis below.

VehicleAverage Monthly Rate
2019 Honda Accord$112.91
2008 Dodge Ram 1500$65.86
2010 Toyota Camry$62.86
2013 Chevrolet Equinox$145.57
2005 Toyota Sienna$59.67
2017 Cadillac CT6$133.07
2011 Toyota Prius$96.65

FAQ's for Drivers in Minneapolis, MN

driver’s frequently asked question in Minneapolis

Minneapolis Auto Insurance Requirements

In Minneapolis, you are required to have auto liability insurance coverage.

What is the Minimum Amount of Liability Coverage Requirement in Minneapolis?

  • $30,000 bodily injury liability coverage per person
  • $60,000 bodily injury liability coverage per accident
  • $10,000 property damage

What Is the Blood Alcohol Concentration (BAC) Limit in Minneapolis?

The legal blood alcohol content (BAC) level limit is .08% in Minnesota. This legal BAC limit is the same in every state. If you have a .08% BAC level limit and you are driving a car you could be arrested for a DWI, driving while intoxicated. In Minnesota, you would face possible jail time and loss of your driver's license for 30 days and up to a year. Getting a DWI conviction on your driving record will cause your auto insurance rates to spike. How high the rates go depends on your insurer. Insurance companies treat DWI convictions differently. SmartFinancial can help you find insurance companies with lower rates for drivers with DWI convictions.

Can I Register My Car Without Insurance in Minneapolis?

You must have liability insurance coverage to register a motor vehicle in Minneapolis. Your car insurance and vehicle registration are important and must be kept up-to-date. This is true even if you do not use the car. The insurance must be issued by an insurance company authorized by the Minnesota Department of Insurance and certified by the Minnesota State DMV. Here's one more thing to consider. The insurance for your car must be issued in the name of the vehicle registrant. So the name on the insurance should match the name on the vehicle registration.

Check Out Other Rates in Minneapolis, MN Nearby Cities:

Edina, MN

Bloomington, MN

St. Louis Park, MN

Brooklyn Park, MN

Edina, MN


Plymouth, MN


St. Paul, MN



Commute Time in Minneapolis, MN

22.9 Miles

Commute Time in United States

26.4 Miles

Number of Nearest Insurance Agents in Minneapolis, MN


The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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