Compare auto insurance and home insurance costs in Minnesota. Learn about coverage requirements, average premiums, and ways to save on insurance in Minnesota.
The average auto insurance premium in Minnesota is $1,680 per year. Minnesota has specific minimum coverage requirements that all drivers must carry. Factors like your driving record, vehicle type, and location within Minnesota affect your premium.
Homeowners in Minnesota pay an average of $1,800 per year for home insurance. With a median home price of $315,000, adequate coverage is essential. Minnesota's climate, natural disaster risks, and building costs all influence premiums.
Insurance premiums in Minnesota depend on location, claims history, credit score, and coverage levels. The cost of living index of 98 and median home value of $315,000 also play roles. Comparing quotes from multiple carriers is the best way to save.
Minnesota residents can reduce insurance costs by bundling auto and home policies, maintaining good credit, and shopping annually. With auto insurance at $1,680 and home insurance at $1,800 per year, even small percentage savings add up significantly.
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