Minneapolis Car Insurance

Minneapolis, an early hub of milling and lumber operations, is now called home by more than 373,000 people. For those who live and work in the Minneapolis area, the average
time spent commuting to and from work about a little over 20 minutes.

This put Minneapolis in 24th place in the country for traffic congestion. This means that more than 54,600 hours were lost just spent sitting in traffic every year, which comes out to about 22 lost hours per driver. Cost to taxpayers for all this extra time spent on the road is about $971,000 annually plus the extra $398 that drivers pay every year in car maintenance and upkeep due to the extra time spent on the road.

With a relatively low rate of 1.6 car accidents that resulted in death, Minneapolis only reported 60 deaths due to crashes over a two year period. According to the National Highway Traffic Safety Administration, this is lower than most numbers across the nation. However, the costs to health and the environment due to pollution are immeasurable.

Additionally, Minneapolis ranks 109th in the nation for stolen cars, having reported more than 11,620 cars stolen in 2005. Compared to most cities, this is a relatively low crime rate, but it still has auto insurance companies worried. You'll find that car insurance premiums are much higher in Minneapolis than they are in more rural parts of the state.

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Car Insurance Policies in Minneapolis, MN

Minnesota is a no-fault state, meaning your insurance policy must cover the medical costs incurred through car accidents. In Minneapolis, and all other cities in Minnesota, requirements for car insurance incumbent upon all drivers include:

Personal injury protection (PIP) - At least $40,000 per person per accident. $20,000 of that is for medical expenses and the other $20,000 covers lost wages, replacement services, and other non-medical costs.
Liability coverage - A minimum of $30,000 in bodily injury coverage for one person, $60,000 for two or more individuals, as well as $10,000 for the other party's vehicle, if you are at fault.
Uninsured and underinsured motorist coverage - At least $25,000 for one person and $50,000 for two or more.

Keep in mind that these are just the bare requirements. Purchasing more may save you in the event that the cost of damages is higher than what your insurance covers. You should buy as much car insurance as you can comfortably afford. We believe Esurance can help you make the best decision comfortably and instantly.

Dept. of Motor Vehicles
300 South 6th St.
Minneapolis, MN 55487
Tel.: (612) 348-8240

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