Affordable Car Insurance Auto Insurance in Minnesota - Compare Rates

Shopping for auto insurance is just like shopping for any other thing. You need to know what you want, search for it in various stores , check whether the dealer is giving you the best deal and how can you forget DISCOUNTS!!

In doing all this, if you really don't know what the State requires you to buy then you could be heading for some serious trouble.

So all the drivers of North Star State, this article is especially for you to make you aware of the auto insurance requirements of your state.

Minnesota - Mandatory Auto Insurance
It is required that you buy this minimum requirement as a driver in the state of Minnesota.

Bodily Injury Liability
>> This will provide coverage if you are responsible for an accident and you hurt someone else. It includes medical cost of any injury to any passenger in your car or other cars.
>> The limit is $30,000 per person and $60,000 per accident.

Property Damage Liability
This pays for any damages to the car and possessions of the other party involved in an accident for which you are responsible.
It includes
>> the labor costs associated with car repair
>> replacement for valuable items that were inside the car
>> repairs to any other object that you may hit (mailbox, fence, a tree)
>> The limit is $10,000 per accident.

Uninsured/Underinsured Motorist Bodily Injury
If you are involved in an accident, which was caused by an uninsured/underinsured driver, then you are left without any insurance cover. The at-fault driver is not in a position to pay for your damages and so to avoid such an incident, you should safeguard yourself by buying this cover. It will pay medical costs for you and your passengers and also the funeral costs related to the accident. This coverage is mandatory in the State.
>> The limit is $25,000/$50,000.

Personal Injury Protection
This is also called No-Fault coverage. It will only cover injuries sustained in an accident. This coverage is essential to ensure that speedy treatment is made available to the victims irrespective of who caused the accident.
It covers:
>> medical costs,
>> wage loss, and
>> funeral expenses ($2,000)
The minimum limit is $40,000.
$20,000 is available to each person in an accident and another $20,000 may be used for non-medical expenses.

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Optional Coverages
>> Collision Coverages - It covers any damages caused to your car when it collides with another car or any other object.
>> Comprehensive Coverage - It covers any loss to your car that is not caused due to a collision. It includes losses from fire, theft, hail, falling objects, animal collisions.

Now that you know the kind of insurance you are required to purchase as part of State laws, let's know how you can save on your insurance shopping.

Always use the internet to obtain quotes from several companies. This will save the time and energy of visiting many insurance companies individually. Keep in mind that the insurer who offers you the least price may not always be good for you. So be extra careful and check financial and consumer ratings for all those companies you shortlist.

Your insurance depends on several factors like the kind of car you drive. Certain cars cost more to repair or replace, the premium for such cars would be higher.

Your driving record also holds importance when it comes to insurance. If you have received many tickets over the years then you are considered a risky driver. This will increase the premium.

Also your credit history is a factor which is useful in deciding the insurance rate .If you have a clean record; it will emphasize the fact that you will be able to pay your future payments on time.

One more way of lowering your insurance premium is by increasing the deductibles. It is the amount that you pay for the damages before your insurer steps in. Higher deductibles mean that the insurer will not be in picture for smaller damages. This will further reduce your premium.

In the end, don't forget to ask for discounts. Insurance companies offer variety of discounts like discount for "good student", "good driver" discount, discounts for installing anti-theft and safety devices in your car.

So now what are you waiting for????

Go and get your shopping done....

All the best!!

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