Mankato Car Insurance

Find the right car insurance policy for you.

Written by Meg Stefanac
Written by Meg Stefanac

Financial blogger and business owner, Meg Stefanac, has more than 15 years experience working in the financial services industry and enjoys helping individuals make solid financial decisions. Meg has extensive experience writing about insurance and finances and is a key contributor to


Drivers in Mankato, Minnesota are required by law to carry car insurance. Even the best drivers can sometimes get into accidents, particularly in the winter when ice, sleet, and snow can make driving conditions especially hazardous. A solid auto insurance policy can protect Mankato car owners by covering the costs associated with vehicular collisions.

Comparison shopping is easy when you work with an independent insurance agent. Find an agent near you for help finding the best car insurance policy in Mankato.

How Much Does Car Insurance Cost in Minnesota?

  • National average cost per year: $1,311
  • Minnesota average cost per year: $1,222
  • 29th most expensive auto premium in US

Average car insurance rates in the state of Minnesota are a bit lower than the national averages. Of course, the figures listed above can only give you a ballpark idea of how much you might expect to pay. Your actual auto insurance costs will be calculated based on several different factors including such things as:

  • The value, make, model, year and safety features of your car
  • The driving record and claims history of all drivers in your household
  • The coverage options you wish to purchase
  • The amount of liability coverage you wish you purchase
  • The amount of your deductible

Because each insurance company is likely to assign a different cost for your premiums, comparison shopping is a great way to save money on your car insurance. Independent agents in Mankato can help.

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.

Although the state’s minimum liability coverage requirements may be sufficient to cover the costs associated with most vehicular accidents, more serious collisions — particularly those that result in injuries that require extensive medical treatment — are likely to exceed these limits. 

Minnesota drivers often opt for higher liability coverage amounts when they buy their auto insurance. An independent agent can help you compare costs for different levels of coverage. 

Number of Uninsured Motorists in Minnesota

Uninsured motorist coverage covers damages and injuries that may result if you are in a collision with a hit-and-run driver.

  • How many US drivers are uninsured? 12.6%.
  • How many Minnesota drivers are uninsured? 10.8%.

If you are involved in a collision that is the fault of an uninsured driver, that person is responsible for compensating you for your damages and any necessary medical treatments.

 Unfortunately, even with a court order, it can be very difficult to collect this money. 

Number of Auto Thefts in Mankato, MN

Auto theft rates in Minnesota are lower than the national average. In Mankato, the risk is even lower, with an average of just 1.54 thefts per 1,000 vehicles.

  • National number of thefts per 1,000 vehicles: 2.94
  • Minnesota number of thefts per 1,000 vehicles: 1.74

This is good news for residents of this city, since it can help to keep insurance costs affordable.

Be aware that if your car is stolen in Mankato, you can only receive compensation for your loss if your auto insurance policy includes “other than collision,” or comprehensive insurance. This optional insurance can also cover other types of non-collision-related damage such as that caused by falling objects, floods, fires, and vandalism. 


Save on Car Insurance

Our independent agents shop around to find you the best coverage.

Why Work with an Independent Insurance Agent?

Car-owners in Mankato turn to independent agents for help when they are shopping for insurance coverage for their vehicles. Independent agents can work with several different insurance providers so they can help you find the best policy to meet your coverage and budgetary needs.

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