Does Minnesota require auto insurance?
Commerce is here to help you make the most of insurance from buying the right amount of coverage and in the case of an accident, settling a claim and getting you back on the road. Auto insurance is required by Minnesota law. If you have a car loan, your lender may also require additional coverage such as collision and comprehensive coverage.
What is the cheapest car insurance in Minnesota?
Minimum coverage is the cheapest coverage that you can get and remain legal. However, with the cheap price tag — $493 per year in Minnesota — comes a tradeoff: lack of robust coverage. Getting only the minimum amount of liability coverage leaves you and your vehicle exposed to risk.
What is Minnesota automobile insurance plan (mnaip)?
The Minnesota Automobile Insurance Plan (MNAIP) helps guarantee access to car insurance for high-risk drivers. All Minnesota car insurance companies must participate in MNAIP. The risk of insuring drivers through MNAIP is shared among all the companies in the program.