Minnesota Auto InsuranceJust because you must buy Minnesota auto insurance if you live in the state and own a motor vehicle doesn’t mean you have to pay a fortune for coverage. In fact, by spending a few minutes learning the basics of car insurance in Minnesota, then comparing rates from a few different companies, you’ll be able to get the auto coverage you need at a price that still leaves dollars in your wallet to spend on the things you really want! Minnesota Auto Insurance Minimum RequirementsMinnesota has established minimum amounts of auto insurance that you must purchase to operate a vehicle. In addition to bodily injury and property damage liability insurance, Minnesota is a “no-fault” state, which means that your insurance policy pays for your medical bills, regardless of who was as fault. Therefore you are also required to carry personal injury protection. Minimum Minnesota insurance requirements are:
Optional Insurance CoverageThough it is not required by the state, it is strongly recommended that you carry collision coverage, which pays for damage to your vehicle in case of an accident. Comprehensive insurance covers damage caused by other sources, such as fire, theft, or hitting a deer. If you have a loan on your car, or if it is leased, the lender will require that you carry both of these types of insurance. Rental Car InsuranceIf you have Minnesota auto insurance, you automatically have $35,000 in coverage for damage to or loss of use of a rental car. By state law, this is included in every auto insurance policy, so if you’re renting a car, you can reject the optional insurance coverage unless you’re really worried. Ways to Save on Minnesota Auto InsuranceAccording to the state of Minnesota, the best way to save on car insurance premiums is by comparing rates from several companies to find which is the lowest. Because each insurance company has had different experiences even within the same neighborhood, their rates will vary even with identical information. Make sure you compare no less than three insurance quotes; five is better. To quickly find insurance companies offering coverage in your city, enter your zip code in the box below and you’ll be provided with a list immediately. Factors Affecting Minnesota Car InsuranceSeveral items are used to determine the cost of your automobile insurance, including, but not limited to:
Who Is Covered By Your Car Insurance PolicyIn addition to you, your auto insurance policy covers any relative living in your home, but you must make sure to include them when the policy is issued, or add them if they move into your home during the policy period. If you give a driver not listed on your policy permission to use your car, they are also insured, provided they are not covered by another policy.Cancellation or Non-Renewal of Minnesota Insurance PoliciesAccording to Minnesota law, auto insurance policies may be cancelled within the first 59 days for any reason except on the basis of employment status, tenant status, or not having been previously insured.Beginning with the 60th day following the issuance of the policy, the reasons for cancellation are limited to specific things, like as nonpayment of premium (don’t even be one day late!), misrepresentation, or failure to disclose accidents or tickets. If your insurance is cancelled, the insurance company must tell you. Insurance companies have additional reasons they can use to not renew your policy, such as too many auto violations since the policy was originally written. Each time you have get a ticket or are in an accident, points are assigned against you. As few as two points are sufficient to cause nonrenewal of your policy. To prevent this from happening, make sure to maintain a clean driving record. More Information on Minnesota Auto InsuranceIf you have any questions on car insurance, contact the Minnesota Department of Commerce, 85 East Seventh Street, St. Paul, MN 55101, 651-296-4026. Ready To Save? Start Now!Now that you know all about Minnesota automobile insurance, why not start saving today? Just by entering your zip code in the box below, you can start the process by finding the insurance companies offering coverage in your area. Click on their ads to request free auto insurance quotes. Choose at least three companies so that you have enough to truly compare rates. Before you know it you’ll have the coverage you need at the rate you want. Go for it!
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