What is the average cost of car insurance in Minneapolis?
The typical Minneapolis driver pays $1,653 per year for auto insurance. That's pricier than the average in Minnesota ($1,319) and pricier than the national average of $1,548. Read on to learn more about how much you can expect to pay based on your credit score, gender, marital status, and other common factors in Minneapolis.
MINNEAPOLIS CAR INSURANCE RATES
|Minneapolis Average (annual)||Minnesota Average||United States Average|
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Minneapolis car insurance premiums by provider
The company-by-company differences in car insurance rates can be substantial, so it's important to compare quotes thoroughly and choose your insurer carefully. For a typical driver, GEICO offers Minneapolis's cheapest rates. See below the best companies for cheap auto insurance in Minneapolis — but don't forget to get personalized car insurance quotes to match your driving profile.
MINNEAPOLIS CAR INSURANCE RATES BY COMPANY
|Insurer||Average Yearly Rate|
Minneapolis auto insurance premiums by age
Minneapolis drivers in their 50s enjoy relatively affordable auto insurance rates, paying just $1,439per year, on average. Those in their 60s don't pay significantly more ($1,535).
The Minneapolis drivers who face the priciest insurance rates are teenagers. When drivers hit their 20s in Minneapolis and move out of the teenage age bracket, they reduce their premiums substantially. The gap in cost between the car insurance premiums paid by teenage drivers and drivers in their 20s in Minneapolis is $4,024. That's the biggest gap in premiums between any pair of age brackets.
CAR INSURANCE RATES BY AGE TIER IN MINNEAPOLIS
|Age group||Average Annual Rate|
Minneapolis auto insurance rates by marital status and gender
In some cases, a driver's marital status and gender may affect the auto insurance rates they pay. In most places, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Minneapolis pay $103 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Minneapolis, widowed drivers pay less than those who are single.
Gender is another factor that can influence auto insurance rates. In Minneapolis, female drivers pay more for auto insurance than do male drivers: $88 per year, to be precise.
MINNEAPOLIS CAR INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Gender/Marital Status||Average Annual Rate|
Minneapolis car insurance premiums by accident and violation history
If you want to keep your car insurance costs reasonable, keep your driving record clean. At-fault accidents, DUIs, reckless driving citations, and speeding tickets all contribute to expensive auto insurance rates, as insurance companies reward low-risk drivers with the gift of affordable rates.
Minneapolis drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $962 per year versus the city average. A ticket for speeding results in a $434 rate hike while a DWI or DUI violation costs $936per year in extra insurance expenditures.
MINNEAPOLIS CAR INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident||Average Yearly Rate|
|At-fault Accident (damages < $1,000)||$2,245|
|At-fault Accident (damages greater than $2,000)||$2,390|
|Speeding Ticket (16-20 mph over speed limit)||$2,087|
Minneapolis auto insurance costs by credit level
It's no secret credit score is closely correlated with car insurance rates. Minneapolis drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 60% on their car insurance premiums. Moving from "Very Poor" to "Fair" credit is an important step toward saving money on auto insurance. In Minneapolis, improving your credit to "Fair" could help you earn a $1,403 decrease in annual car insurance rates.
MINNEAPOLIS CAR INSURANCE RATES BY CREDIT TIER
|Credit Score||Average Annual Rate|
What drives up car insurance rates in Minneapolis?
Where you live in Minneapolis affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by ZIP code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Minneapolis is no exception to the rule. From ZIP code 55437 to 55411, premiums rise by 43 percent—that’s $694.
Expensive Minneapolis ZIP codes: 55487, 55488, 55454, 55486, 55411
Cheap Minneapolis ZIP codes: 55437, 55438, 55447, 55446, 55439
Minneapolis Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads, and decreased visibility.
And that's not the worst of it. More than 700,000 weather-related car accidents occur each year. In Minneapolis, you can expect 117 rainy days with an annual rainfall of 30.6 inches. Minneapolis is also known to experience severe winter storms.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Be Prepared For
Driving in Minneapolis
Car Insurance Companies in Minneapolis
Find Local Minneapolis Agents
Dyste Williams Agency
6465 Wayzata Blvd, Ste 700, Minneapolis, MN 55426
80 S 8th St, Ste 700, Minneapolis, MN 55402
Moreno Agency- Innovative Insurance Services
4748 Chicago Ave, STE 2, Minneapolis, MN 55407
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