From fender benders on Yankee Doodle Road to multi-car collisions on I-35, accidents can happen anytime, anywhere and to anyone -- particularly in the winter when Minnesota’s roads are slick with ice and sleet. Fortunately, a reliable car insurance policy can shield Eagan drivers from facing large financial losses because of an accident.
If you own a vehicle, you are required to have car insurance. An independent insurance agent in or near Eagan can help you find the best and most affordable auto insurance policy to meet your coverage needs.
How Much Does Car Insurance Cost in Eagan, Minnesota?
- National average cost per year: $1,311
- Minnesota average cost per year: $1,222
- Eagan average cost per year: $1,178
Minnesota is the 29th most expensive state for auto insurance. The average rate in this state is lower than the national average, and in Eagan, the average rate is even lower. This is good news if you are shopping for an affordable car insurance policy.
The figures above are merely averages. Actual rates can vary significantly from one driver to the next. Auto insurance rates are calculated on an individual basis according to several factors like:
- Your car’s make, model, and year
- Your age, driving history, and credit score
- The amount of liability insurance you are purchasing
- Whether you qualify for any offered discounts
- Whether you are bundling your auto insurance with other policies like homeowners insurance or renters insurance
Every insurance company uses a different formula to calculate rates. Comparison shopping lets you find the policy with the best price. Independent agents in Eagan can help you obtain and compare quotes for car insurance.
Minnesota Car Insurance Requirements
- Bodily injury liability: Required
- Property damage liability: Required
- Personal injury protection (PIP): Required
- Uninsured motorist coverage: required
- Minimum liability limits: 30/60/10; coverage up to $60,000 for all persons injured in an accident, subject to a limit of $30,000 for one individual; and $10,000 coverage for property damage.
Minnesota’s minimum coverage requirements are high enough to cover the costs associated with most accidents. However, major collisions that result in extensive injuries and property damage can easily exceed these limits. If that happens, you will be required to make up the difference.
That is why Eagan drivers who have a lot to lose frequently choose to purchase liability coverage in amounts that are much higher than the state requires. An umbrella insurance policy can provide you with even more liability coverage. Your independent agent can help you decide how much coverage is right for you.
Number of Uninsured Motorists in Minnesota
If you are caught driving without insurance in Minnesota, you will face fines up to $3,000, suspension of you driver’s license, and even possibly face jail time. Despite it being a crime, however, one in ten drivers in this state does not have auto insurance.
- How many US drivers are uninsured? 12.6%.
- How many Minnesota drivers are uninsured? 10.8%.
If an uninsured driver causes a collision, that person is responsible for paying for damage and any necessary medical treatment. Unfortunately, collecting this money can be time-consuming and extremely difficult. That is why uninsured motorist insurance was created.
This insurance, which is required in Minnesota, covers damage and injuries that may result if you are in a collision with an uninsured, underinsured, or hit-and-run driver.
Number of Auto Thefts in Eagan, MN
In a typical year, Eagan residents report approximately 30 auto thefts. In a city this size, that equates to a very low auto theft rate. This is good news for vehicle owners in Eagan because it can have a positive impact on auto insurance rates.
- National number of thefts per 1,000 vehicles: 2.94
- Minnesota number of thefts per 1,000 vehicles: 1.74
- Eagan number of auto thefts per 1,000 vehicles: 0.46
Just because your risk of auto theft is low, that does not mean you should forgo comprehensive insurance. This coverage is often required by lenders until your car is paid in full, but afterward, it is optional. This “other than collision” coverage compensates you for loss or damage caused by falling objects, floods, fires, and property crimes, including auto theft.
Why Work with an Independent Insurance Agent?
An independent agent can serve as a great resource for you. These agents can answer your insurance-related questions and can provide you with a variety of customized car insurance quotes to compare. That way, you can choose the policy that best meets your coverage and budgetary needs.
Contact an independent agent in or near Eagan to begin your search for the right auto insurance policy.