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When shopping for car insurance in Rochester, Minnesota, it’s important to start with a comprehensive view of the local coverage landscape. Review this guide to learn more about average insurance costs in Rochester and factors that influence how much you will pay for your car insurance policy.
Minimum Auto Insurance Requirements in Minnesota
Minnesota requires drivers to carry at least $30,000 per person and $60,000 per accident in bodily injury liability coverage. This type of policy takes effect if you cause an accident and pays for the medical bills of any injured parties as well as your legal costs if another driver or passenger sues you after a crash.
You also have to have at least $10,000 in property damage liability, which pays for the cost of property damage if you cause an accident. When providing a quote, the insurance company will notate the amount of liability coverage as 30/60/10.
Minnesota also mandates that drivers purchase underinsured and uninsured motorist coverage for bodily injury of at least 25/50. This type of policy pays the medical expenses for you and your passengers after an accident caused by an uninsured driver.
Minnesota drivers must waive the state’s required personal injury protection (PIP) coverage if they do not want this type of insurance. PIP coverage kicks in after an accident regardless of fault to pay for medical bills, lost wages, and services such as house-cleaning that you cannot do because of injuries. The mandated amount is $20,000 for medical expenses and $20,000 for other economic losses (20/20) per person.
Average Auto Insurance Cost in Rochester
According to Insurify, drivers in Rochester pay an average of $119 per month for auto insurance coverage, less than the statewide average of $130 a month. Minnesota drivers who live in Rochester also pay less for car insurance than those who live in Burnsville, Duluth, Eden Prairie, and Minneapolis.
You can save money on auto insurance by purchasing more than one policy from the same provider. Zimlon reports that Rochester drivers see an average savings of $248 for insuring a second vehicle, $373 for a third vehicle, and $497 for a fourth vehicle.
Most Affordable Auto Insurance Providers in Rochester
Insurify gathered quotes for a sample male driver in Rochester, age 30, with a 2012 Honda Accord and a clean driving record. The website found that these companies offer residents the most affordable rates for minimum liability insurance:
- American Family: $164 per month
- Nationwide: $130 per month
- Progressive: $59 per month
- Travelers Insurance: $123 per month
It pays to shop around with different companies to find affordable auto insurance. The website Auto Insurance EZ found the cheapest rates for Rochester drivers from Farmers Insurance, Allstate, State Farm, Allied, and Nationwide.
Factors That Influence Rochester Auto Insurance Cost
According to insurance research website Zimlon, these factors affect the amount you pay for auto insurance if you live in Rochester, Minnesota:
- Commuting distance: On average, Rochester residents spend 14 to 23 minutes traveling to work each day. You can save about 3 to 4 percent on insurance by cutting your commute or following the lead of 11 to 17 percent of Rochester residents and ride-sharing with your colleagues.
- Vehicle use: You will pay approximately 10 to 12 percent more to insure a vehicle for business than you will to insure a vehicle for personal use.
- Coverage type and amount: Full coverage, which includes liability as well as comprehensive and collision insurance, costs more than state minimum coverage alone. Selecting a higher deductible can result in lower monthly premium costs. However, you must pay that amount out of pocket if you get in an accident.
- The make and model of vehicle you drive: Luxury cars cost more to insure than affordable vehicles, because they cost more to repair or replace in the event of a loss.
- Education level: Drivers who have a bachelor’s or graduate degree pay less on average than those who have a high school diploma or GED.
- Safety devices: Purchasing a car with anti-theft equipment can lower your car insurance rates.
Average Rochester Auto Insurance Cost by Credit Score
You can save money on car insurance by improving your credit score. The website Auto Insurance EZ lists the average cost of insurance by credit tier for Rochester drivers:
- 300 to 579 (poor): $1688 per year
- 580 to 669 (average): $1407 per year
- 670 to 739 (good): $1078 per year
- 740 to 799 (excellent): $1014 per year
- 800 to 850 (exceptional): $888 per year
Average Rochester Auto Insurance Cost after a Ticket or an Accident
If you have a history of at least one driving violation or at-fault accident, you will pay more for Rochester auto insurance. The amount of the increase depends on the severity of the offense. Zimlon reports the average annual insurance costs for Rochester drivers after common incidents:
- $1733 for driving without a valid license
- $1357 for driving a vehicle without permission
- $1289 for speeding
- $1276 for running a red light
- $1272 for using an electronic device while driving
- $1260 for driving too slow
- $1142 for driving without valid vehicle registration
- $1135 for failure to show driving documents
- $1081 for driving without headlights
Average Rochester Auto Insurance Cost by Age
Young drivers pay much higher rates than older drivers for auto insurance in Rochester. Zimlon reports these annual average insurance costs by driver age among Rochester residents:
- Teens: $3358
- 20s: $1330
- 30s: $1024
- 40s: $986
- 50s: $913
- 60s: $925
- 70s: $1077
Finding the best car insurance in Rochester, Minnesota, depends on a variety of factors, including your use of the vehicle, its make and model, how long you’ve been driving, and where you live. Check this out if you need additional information, resources, or guidance on car insurance.
Sources:
Rochester, MN Auto Insurance Rates, Quotes, Agents & Reviews | zimlon.com
Rochester, MN Auto Insurance | Cheap Car Insurance in Rochester, MN | autoinsuranceez.com
Cheap Auto Insurance Quotes in Rochester, MN (2021) | insurify.com
Car Insurance | caranddriver.com
2012 Honda Accord EX-L 4dr V6 Auto W/Navi Features And Specs | caranddriver.com
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