Minnesota Car Insurance Laws and Regulations
 
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Minnesota Auto Insurance

Requirements of Motorists under MN State Law

Everyone has an opinion about insurance. Some people believe it is a conspiracy to con hardworking people out of money. You can not imagine how much you need insurance until you something happens that you were not prepared for.

Weather its a car accident, a flu, a fire,or a theft these things happen all the time. You never know if or when something might happen to you. Don't be caught off guard by life's unpredictable events.

There are certain "requirements" that are applicable to each state and varies accordingly. We have attempted to compile all of the relevant information in to this single resource to help visitors know what is expected of them in regards to insurance.

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Minnesota Car Insurance Requirements

Coverage Minimum - 30/60/10

Coverage Explanation - Car insurance coverage in Minnesota must provide a minimum of $30,000 for injury liability for one person in an accident, $60,000 for all injuries in an accident, and $10,000 for property damage in an accident.

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Important Minnesota Auto Insurance Laws!

1. All MN State motorists are required to buy and maintain a "no-fault" insurance policy.

Important to Note:

Minnesota auto insurance law requires all licensed vehicles to have PIP, Liability, Uninsured, and Underinsured coverage in the following amounts:

Personal Injury Protection (PIP)

  • $40,000 per person per accident ($20,000 for hospital/medical expenses and $20,000 for non-medical expenses such as lost wages, replacement services, etc.)

Liability

  • $30,000 for injuries to one person
  • $60,000 for injuries to two or more people
  • $10,000 for physical damage to the other driver's vehicle or for damage to property

Uninsured

  • $25,000 for injuries to one person
  • $50,000 for injuries to two or more people

Underinsured

  • $25,000 for injuries to one person
  • $50,000 for injuries to two or more people

Although they are not required under Minnesota auto insurance law, if you have a loan on your vehicle, the lien holder, as the legal owner of the car, will require you to carry comprehensive and collision coverage.

If you do not purchase this coverage, the lien holder may buy it and charge you for the premium. This is termed "forced insurance"; it is extremely expensive, it is legal under Minnesota auto insurance law, and it does not include the required coverages listed above.


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