Finding Auto Insurance in Minneapolis

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Joel Ohman
Founder, CFP®https://res.cloudinary.com/quotellc/image/upload/insurance-site-images/ciccom-live/41b5e36b-joel-ohman.jpg

UPDATED: Sep 26, 2016

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Here's what you need to know...
  • Minneapolis residents must follow the car insurance requirements of the state of Minnesota
  • Minnesota has more car insurance requirements than most states, so the average car insurance premium there is higher than other places
  • The winter weather also causes insurance rates to be higher due to the increased risk of an accident
  • Minnesota is a no-fault state


Those who live and drive in Minneapolis may be looking for new car insurance due to the requirements there.

Try our FREE quote comparison tool to see how much you can save on car insurance today!

Minneapolis is a city that isn’t a stranger to extremes. When it comes to the climate or the city rates Minneapolis companies charge, this city is unique.

Even so, the drivers in this city can benefit from comparing auto insurance quotes to receive the lowest rates they can find in the city.

Basic Information

The driving conditions can be harsh in Minneapolis. It’s part of a state that experiences very low temperatures in the winter and some of the highest temperatures in the summer.

The lowest recorded temperature reached -60 degrees Fahrenheit, with the highest temperature climbing to 114 degrees Fahrenheit.

Low temperatures can create difficult and dangerous driving conditions for people in Minneapolis.

The roads become icy, covered with snow and the blizzards can reduce visibility for drivers considerably. These conditions make car collisions a very real possibility for everyone driving on Minneapolis roads.

Statistics

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Of all the fatal car collisions that happen in Minneapolis, several reasons for why they happen have been identified. Some of these reasons are:

  • Driving above the speed limit
  • Driving while doing something else such as texting
  • Driving under the influence of alcohol or drugs
  • Turning the vehicle too abruptly to avoid an accident
  • Refusing to yield
  • Following too close behind another vehicle
  • Poor car maintenance
  • Inexperience

Laws for Auto Insurance in Minneapolis

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A full tort car insurance system allows for people to sue each other. These lawsuits can be long and costly, especially when they are associated with car collisions.

When a state has a tort system, someone must be found at fault when car accidents occur so that the at-fault party can be held responsible for the bodily injuries and the property damage they cause to third parties.

Some states have grown weary of this process and have decided to become no-fault states. Minnesota is one of those states; therefore, every driver with car insurance is going to need to be no fault insurance.

When state car insurance requires no-fault stipulations, this means that lawsuits are kept to a minimum. For example, no one will have to prove that the other driver is the one that hit them.

This saves the person who has been hit from having to wait until the matter can be settled in court before they will receive payment for their medical and property repair bills.

People who live in no-fault states are required to purchase Personal Injury Protection (PIP) insurance for their own personal injuries.

When they are involved in a car collision with a third party, both parties go to their own insurance companies for payment of their medical bills and they are paid right away.

These drivers may not sue each other for their non-medical issues such as pain and suffering and the inability to return to work after the accident.

PIP insurance will take care of each driver’s medical bills. If they will need to undergo any rehabilitation, the PIP insurance will pay these bills.

It will also pay the drivers’ salaries if they are forced to miss work in order to recover from the accident. PIP insurance covers several people in many different situations.

It will cover the following:

  • The policyholder, no matter who was at fault
  • Passengers riding with the policyholder at the time of the collision
  • The pedestrians who might be hit by vehicles involved in the crash

No-fault states have eliminated the need to find fault where bodily injuries are concerned, but this is not so for property damage; in order to decide which insurance company will pay to repair the third party’s vehicle, the fault has to be assigned.

Because of this, Minneapolis minimum car insurance has to include liability coverage for property damage.

Requirements in Minneapolis

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Even though Minneapolis is in one of the no-fault states as described above, the residents are still required to purchase liability coverage for bodily injuries as they are in tort states. They are also required to purchase PIP insurance for their own bodily injuries.

These mandatory minimums are equal to:

  • $30,000 bodily injury liability coverage for one person
  • $60,000 bodily injury liability coverage for the accident
  • $10,000 property damage liability coverage for all property repair bills
  • $40,000 PIP insurance for one person with $20,000 designated toward the medical bills and the other $20,000 designated toward lost wages
  • $15,000 each for uninsured or underinsured motorist coverage for one person
  • $30,000 each for uninsured or underinsured motorist coverage for two or more persons

Uninsured motorists are those who are driving without any coverage in Minnesota at all. An underinsured motorist will have purchased the minimums listed above, but it will be insufficient to cover all of the medical bills.

Uninsured motorist coverage will pay for the driver’s and their passengers’ medical bills, lost wages if they are unable to work after the accident and pain and suffering if they are hit by an uninsured driver.

It will also make payments to these people if the vehicle has been hit by a hit-and-run driver.

Drivers in Minneapolis are required to purchase $25,000 uninsured motorist insurance for one person and $50,000 uninsured motorist insurance for more than one person.

Underinsured motorist coverage will take over the payments after the underinsured motorist’s coverage has been depleted. Drivers must have the same minimum amounts for this type of coverage as they have for their uninsured motorist coverage.

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Average Rates

Minneapolis requirements are some of the highest in the union. Drivers are also required to purchase a lot more coverage than in the other states.

In most states, people must purchase the two bodily injury liability amounts and property damage liability coverage; they are not all required to purchase PIP insurance or uninsured motorist/underinsured motorist liability.

Because drivers in Minneapolis have to purchase so much more insurance coverage than they do in most other states, the average Minneapolis auto insurance rates are higher than the national averages.

The average price of car insurance for Minneapolis is $1,652.94. This number is also higher than the average for the state of Minnesota which is much lower at $1,178.47.

Minneapolis Auto Insurance Companies

Because drivers in Minneapolis must purchase so much insurance coverage and it can be very costly, these drivers benefit greatly from comparing quotes with our free search tool.

Minneapolis auto insurance is already highly expensive, and some people provoke companies to charge them high rates because of something in their past or because they belong to the wrong demographic.

One reason that drivers will be charged high rates is if they have low credit scores. Minneapolis car insurance companies are looking for the most reliable people to purchase their auto insurance.

If applicants demonstrate themselves in any way to be unreliable, the insurance companies believe that these people will also be unreliable in paying their insurance premiums.

If people in Minneapolis seek quotes from more than one Minneapolis insurance company, they will come across a company that is willing to charge them less than the other insurance companies even though they have low credit scores.

When they find these low quotes, these drivers can present this information to their current Minneapolis insurance companies to show that someone else would be more appreciative of their business.

This act may convince these insurance companies to lower their rates; the last thing that insurance companies want to do is lose their loyal, paying customers.

Car Insurance Agencies in Minneapolis

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In Minneapolis, the nationally known car insurance companies have a presence, but they also have smaller agencies that can meet Minneapolis drivers’ needs.

These agencies make their customers as happy as the larger companies and they might even offer people more personalized attention.

The necessity for drivers in Minneapolis to compare quotes with our quote comparison is manifested in the fact that Minneapolis rates are so high.

The best way that drivers can resist their insurance companies charging them some of the highest rates in the country is to compare quotes with our free zip code search.

It doesn’t take drivers any time at all; in just minutes, they can have several quotes to compare and they will not have to pay for the service. Try our quote comparison tool today for FREE, and save on your car insurance. Enter your ZIP code below!

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