Minnesota Car Insurance Calculator

There are various factors that go into calculating an insurance premium, including age, driving history and credit rating. With WalletHub’s Minnesota Car Insurance Calculator it is easier than ever to quickly find customized rates and find the ideal coverage options based on your situation. Simply provide your location and personal details, to instantly receive estimates from Minnesota insurers. Liability-only policies offer basic protection that fulfill state requirements at a low price point. Full coverage policies can be more expensive, yet provide comprehensive protection against accidents, theft, natural disasters and other risks. WalletHub’s tool compares prices from leading providers for each policy to help drivers select an individualized level of coverage.

Your driving history is one of the major contributors to insurance rates. Insurers typically view drivers with prior incidents like accidents or speeding tickets as high-risk and typically charge them more. A DUI conviction could more than tripple your premium rate.

Your vehicle’s make and model also plays a factor. Luxury cars, for instance, tend to cost more to repair and replace than standard models; some models are also more likely to be stolen or vandalized than others. Drivers in Minnesota can save money by choosing higher deductibles that increase premium costs but reduce out-of-pocket expenses after an accident occurs.

Other external factors affecting car insurance rates in Minnesota include your neighborhood’s crime statistics and credit score. Residents in larger cities typically experience higher premiums due to increased risks related to accidents and theft; additionally, having a low credit score often requires paying more for your policy than those with higher ones.

When purchasing car insurance in Minnesota, combining multiple policies together under one provider or adding an additional driver could potentially help lower costs. Before making any significant modifications to your policy, however, always carefully consider all of the potential outcomes and options before making a decision.

Minnesota requires minimum liability coverage of 30/60/10, covering $30,000 per person for bodily injury and $60,000 total property damage per incident. While this coverage should provide some level of coverage in an accident situation, it may not cover everything that arises as a result. In order to cover more expenses after an accident has taken place it would also be prudent to purchase uninsured/underinsured motorist coverage as well as personal injury protection which will pay medical expenses regardless of who caused it.

Utilizing our Minnesota Car Insurance Calculator, you can obtain personalized quotes from top carriers in just three minutes! Answer a few basic questions about your location, driving habits and coverage you wish to compare before calling several agents about tailoring policies to save money – or get estimates by entering information about specific vehicles (make, model and year of manufacture).