Useful Guide For Car Insurance
no matter which driver is at fault.
This places the burden of financial responsibility on everyone involved in the accident, so MN motorists are required to carry Personal Injury Protection (PIP) of at least $40,000.
Bodily Injury Liability is required as well, with limits of $30,000 per individual and up to $60,000 coverage per accident.
Minnesota also requires a minimum Property Damage Liability policy of $10,000.
Another type of auto insurance that's required in Minnesota is Uninsured/Underinsured Motorist coverage, which has a limit of $25,000 per person and $50,000 per accident.
With these protections, you'll have adequate coverage to protect you in most accidents, whether a "hit and run" occurs, if you have an accident with someone who does not have car insurance, or if you are in an accident due to someone else's negligence.
Collision and Comprehensive Coverage in Minnesota Minnesota does not require collision or comprehensive coverage; however, your lender will likely require collision insurance if you are still paying back a car loan.
Collision covers your own vehicle's repairs or replacement if you are in an accident with another automobile, if your vehicle hits a fence or building, or if lose control and your car rolls over.
Most drivers that own an expensive car or classic restored model, or even a newer car do opt to purchase collision insurance.
Comprehensive coverage gives protection for damages caused by freak acts of nature or weather elements, fire, theft, vandalism and impacts with animals.
Comprehensive coverage can provide peace of mind if you live in a high crime area or where severe weather with hail or high winds occurs frequently.
Depending on where you live in MN - whether in Minneapolis, Rochester, Plymouth, Burnsville, or another city - the type of coverage will not solely determine the amount of your car insurance rate.
Other factors will also affect the premium.
For example, the distance of your daily commute, your driving history, your age, your marital status, the type of vehicle you own, and where you live.
Auto insurance providers may offer discounts for safe driving, driver's training, a good credit score, good school grades for student motorists, multiple policies in your household, etc.
So there's really no set rate for various types of coverage.
Every premium is calculated based on facts about you, your vehicle and where you live as well as risk factors.
As you shop for Minnesota car insurance, be sure to visit a quote comparison website to compare several providers in your area.
Look for a provider with a great rating and good customer service reputation.
Make your comparison by comparing apples with apples among providers.
In other words, don't expect policies with different deductibles or coverage amounts to have similar rates.
Consider all your options before purchasing auto insurance in Minnesota.