Minneapolis Car Insurance

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Minneapolis Car Insurance Rates by ZIP Code

Enter ZIP for average rate. Then enter Age, Gender and Coverage Level for customized rate.

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Coverage SetState Minimum LiabilityLiability Only - $50K/$100K/$50KFull Coverage - $100K/$300K/$100K

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CarInsurance.com commissioned Quadrant Information Services to provide a report of average auto insurance rates for a 2016 Honda Accord for nearly every ZIP code in the United States. We calculated rates using data for up to six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm).
Averages for the default result are based on insurance for a married 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The rate includes uninsured motorist coverage.
Averages for customized rates are based on drivers ages 20, 30, 40, 50, 60 and 70 for the following coverage levels: state minimum liability, liability of 50/100/50 and 100/300/100 with $500 deductible on comprehensive and collision. These hypothetical drivers have clean records and good credit. Average rates are for comparative purposes.
Your own rate will depend on your personal factors and vehicle.

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State Minimum:
Required liability coverage to drive legally in your state; some states mandate additional coverage, such as personal injury protection, uninsured motorist, underinsured motorist.

Liability Only 50/100/50:
$50,000 per person/$100,000 maximum per accident for bodily injury; $50,000 for property damage. Liability pays for injuries/damage you cause others.

Full Coverage 100/300/100:
$100,000 per person/$300,000 maximum per accident for bodily injury; $100,000 for property damage; comprehensive and collision coverage with $500 deductible. Liability pays for injuries/damage you cause others. Comprehensive and collision pay for damage to your car.

MOST & LEAST EXPENSIVE ZIP CODES in Minnesota

HIGHEST RATE:

• 55103- SAINT PAUL: $1,678
• 55411- GOLDEN VALLEY: $1,658
• 55155- SAINT PAUL: $1,658
• 55404- MINNEAPOLIS: $1,656

LOWEST RATE:

• 56088- TRUMAN: $1,003
• 56001- EAGLE LAKE: $1,021
• 56144- IHLEN: $1,022
• 56027- ELMORE: $1,023

• METHODOLOGY +

Here's how the highest average Minneapolis car insurance rate ($1,656) compares to others, for a full coverage policy:

• $653  more than the least expensive average rate ($1,003) in the state, Truman ZIP 56088
• $469 more than the state average ($1,187)
• $88 more than the average rate for all of Minneapolis ($1,568)
• $301 more than the national average rate ($1,355)

Minneapolis car insurance rates by ZIP code

Here are the 5 most and least expensive ZIP codes for car insurance in Minneapolis. You'll see in the chart below that you can save over $1,000  just by comparing car insurance quotes, no matter which address you call home. 

Most expensive

Least expensive

*Methodology for rates by ZIP code:

CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2016 Honda Accord for more than 30,000 ZIP codes in the United States using six large carriers -- Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. (In cases where an insurer’s rate wasn’t available, another major carrier's rate was substituted.) Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.

Cheapest car insurance in Minneapolis, MN

Minimum liability coverage limits of 30/60/10 are required to drive in Minnesota. You are also required to buy uninsured and underinsured motorist coverage. Buying the state required limits is definitely the cheapest way to go. But your assets and savings aren’t shielded from lawsuits and you won’t be covered for damage to your own car. You should only buy bare-bones coverage if you have a car that is more than 10 years old and you have few assets and don’t own a home, says Penny Gusner, CarInsurance.com consumer analyst. Even then you are at risk for being on the hook to pay out-of-pocket for repairs and medical bills in accidents you cause, as costs for even a minor fender-bender can exceed what insurers will pay out under a minimum liability policy.

Best auto insurance in Minneapolis, MN

The best auto insurance includes enough protection to prevent financial ruin and usually doesn’t incur a big additional expense. In some cases, you can even hike your policy limits and pay a few dollars less.  You’ll see  below that hiking your coverage to liability limits of $50,000 per person ($100,000 per accident), and $50,000 for property damage costs less than the lower state minimum limits.That's because in some instances insurance companies take into account the amount of coverage you had prior to buying or renewing your policy. If you had higher liability limits in your past, they consider you less of a risk and therefore you get a lower rate. For example, if you have just state minimum coverage, and then buy another state minimum policy, you won’t get a price break. The same is true if you have state minimum limits and then go to higher limits, of say, 50/100/50. But if you had 50/100/50 previously and then buy another 50/100/50 policy, you do get a price break.

Increasing your insurance from the state minimum ($579 yearly) to full coverage ($1,187 yearly) costs $608 more, or about $51 a month, on average.

Average monthly car insurance rates in MN by coverage level

• Minnesota state minimum average annual rate: $579 a year; $48 a month
• Liability only; 100/50/100 average annual rate: $575 a year; $47 a month
• Full coverage of 100/300/100, with comprehensive and collision and $500 deductible: $1,187; $99 a month

For more details on how comprehensive, collision, uninsured motorist coverage and liability work to protect you and your car as well as damage and injuries you cause in an accident, see our Minnesota car insurance page or explanations of the different types of car insurance.

Who has the cheapest Minneapolis car insurance rates?

Geico provides coverage for the city at the lowest rates, based on a CarInsurance.com analysis of rates from six major insurers for nearly all ZIP codes in Minneapolis. Below you'll see average annual rates for Minneapolis, ranked cheapest to most expensive, for three coverage levels.