22 nov. 2022 · Use MoneyGeek's Minnesota car insurance calculator to get a ballpark estimate of how much a policy will cost for you.Minnesota Car Insurance... · How Companies Calculate...
How much is car insurance in MN per month?
How much does car insurance cost in Minnesota? The average cost of minimum coverage car insurance in Minnesota is $57 per month. Full coverage car insurance costs an average of $140 per month.
How much car insurance do I need in MN?
Minnesota Auto Insurance Minimum Coverage Requirements Minnesota requires the following minimum coverages on your car insurance: Bodily injury liability: $30,000 per person and $60,000 per accident. Property damage liability: $10,000. Personal injury protection (PIP): $40,000.
How do you calculate car insurance?
Own Damage premium = IDV X [Premium Rate (decided by insurer)] + [Add-Ons (eg. bonus coverage)] – [Discount & benefits (no claim bonus, theft discount, etc.)] This component of your car insurance premium goes beyond your car, and safeguards you, not only against accidents, but mishaps leading to a disability.