Insurance in Minnesota
Minnesota auto insurance averages $1,650/year with no-fault requirements including mandatory PIP coverage adding to base costs.
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All Insurance Types in Minnesota
Select an insurance type to see Minnesota-specific rates, requirements, and top providers.
Auto Insurance
- State minimum: 30/60/10
- Fault system: no-fault
- 5% above national average
Homeowners Insurance
- Primary risk: Winter storms and ice dams
- 1% below national average
- Avg home value: $350,000
Renters Insurance
- Covers personal belongings
- Liability protection included
- Most affordable coverage type
Life Insurance
- Term & whole life options
- No medical exam options available
- Lock in rates while young
Health Insurance
- ACA marketplace plans
- Employer & individual options
- Covers preventive care
Minnesota Insurance Rates vs National Average
Annual average rates. Gray bar = national average for comparison.
Minnesota Insurance Risk Profile
These four risk factors directly influence your insurance premiums in Minnesota.
Blizzards, arctic cold snaps, and severe summer storms
Twin Cities metro has significant rush hour congestion
Low vehicle theft; occasional increases in Twin Cities
Tornado risk; spring flooding from snow melt
Minnesota Insurance Facts
Find Insurance by City in Minnesota
City-level guides with local rates, top providers, and coverage tips.
Compare All Insurance in Minnesota
Get personalized quotes for auto, home, renters, life, or health insurance from top-rated carriers in Minnesota. Free, no obligation, takes 2 minutes.
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Frequently Asked Questions — Insurance in Minnesota
Answers about auto, home, renters, life, and health insurance requirements, costs, and coverage in Minnesota.
Minnesota requires all drivers to carry minimum auto insurance of 30/60/10 liability coverage plus Personal Injury Protection (PIP). While homeowners insurance is not mandated by law, mortgage lenders require it as a condition of financing. Renters, life, and health insurance are all voluntary but strongly recommended.
The average full coverage auto insurance rate in Minnesota is $1,850/year/year. Minimum liability coverage costs significantly less but leaves you underprotected. Rates vary widely by ZIP code, driving record, vehicle, and carrier — compare at least 3–5 quotes to find the best rate.
Home insurance in Minnesota averages $1,500/year. Key risk factors affecting premiums include Winter storms and ice dams. Rates vary significantly by location, home age, coverage amount, and the carrier you choose.
The most effective ways to save on insurance in Minnesota are: (1) Compare quotes from at least 3–5 carriers. (2) Bundle auto and home or auto and renters insurance for a 10–25% discount. (3) Raise deductibles where you can afford to. (4) Ask about discounts for good driving records, home security systems, or paying annually.
Top-rated carriers in Minnesota include State Farm, Progressive, Geico. The best company for you depends on which insurance type you're shopping for and your specific risk profile. Always compare quotes because the same carrier can be the cheapest for one driver and expensive for another.
Minnesota does not legally require renters insurance, but many landlords require it as a lease condition. At an average of just $150–220/year, renters insurance protects your personal belongings and provides liability coverage — making it one of the best value insurance products available.