When it comes to shopping for car insurance, Krog Insurance and the experienced teams at both of our Minnesota locations makes the process as simple and hassle-free as possible. We know what our customers expect: quality coverage from reputable Minnesota insurance companies at competitive, budget-friendly rates. When you choose us, you are choosing a team of people who will work on your behalf to find the policy and protection you want and deserve.
Minnesota Car Insurance Requirements
The state of Minnesota requires that all drivers carry minimum car insurance coverage. This includes:
- Bodily Injury Liability
- Property Damage Liability
- Uninsured and Uninsured Coverage
- Personal Injury Protection
These coverages are required for all Minnesota drivers, but additional coverage types are also available and recommended. To determine how much car insurance you need, it is important to work closely with an independent agent who can help you assess your risk exposures, determine your coverage needs, and assure you are compliant with state requirements.
Types of Minnesota Car Insurance Coverage
A typical Minnesota car insurance policy contains multiple coverage types, each of which plays an important role in protecting you and other drivers against financial losses. Although some types of coverage are required by law, other types may be required by lenders if you have financed or leased your vehicle. Even if your vehicle is paid for, however, adding ‘optional’ coverage types can significantly reduce your out-of-pocket costs in the event of an accident or other covered event.
Personal Injury Protection (PIP)
As a no-fault state, Minnesota requires drivers to carry basic economic loss benefits known as personal injury protection (PIP). This coverage means that the insurance company compensates you and members of your household through your own policy first for medical bills and lost wages due to injuries sustained in an accident no matter who is at fault for the injuries. You can pursue the at-fault driver (or your own uninsured or underinsured motorist protection when applicable) for any remaining damages that exceed the limits of your PIP.
This part of your car insurance policy helps pay for damages to another person’s vehicle or personal property when you are the party responsible. It also covers claims against your policy for losses related to injuries you cause in an accident. In Minnesota, you are required to carry a minimum amount of liability protection, but we typically recommend increasing your coverage above state requirements to better protect your income and assets against a potential lawsuit.
If you are injured by an uninsured driver, this part of your policy helps pay for any medical expenses that exceed the limits of your personal injury protection.
When your medical expenses exceed the limits of your personal injury protection, you can pursue the at-fault driver’s insurance for remaining damages. If the other driver’s insurance limits are too low to cover your expenses, you can continue your claim against your underinsured motorist protection. This coverage pays for medical expenses when an at-fault driver has too little liability protection to cover your injuries after an accident.
Collision coverage compensates you for damages to your car when you are involved in a collision with another vehicle or object. It can pay for repairs or reimburse you for your car’s value in the event of a total loss. Collision insurance is optional coverage unless you have financed or leased your vehicle. In that case, the terms of your financial agreement may require you to carry collision protection until you pay your note in full or complete your lease.
Comprehensive coverage helps pay for damages to your vehicle when they are caused by events other than collision. This typically includes things like theft, vandalism, hail damage, and fallen objects. Like collision coverage, comprehensive protection is typically required by financing and lease agreements.
Note that both types of coverage are subject to a deductible, which is the amount you agree to pay out-of-pocket toward the cost of your claim. If you choose a low deductible, you may spend less money restoring your vehicle after an accident. If you choose a high deductible, you will spend more for your claims, but you may enjoy a lower policy premium.
Roadside Assistance and Towing
Roadside assistance and towing coverage are available from many Minnesota insurance companies. This optional protection can provide valuable peace of mind knowing that you and the other drivers on your policy can have access to the professional assistance you need – often at any time of the day or night.
If your vehicle is damaged in an accident or other covered event, temporary transportation coverage can help pay for the cost of a rental car or other temporary transportation until your vehicle is repaired or you find a permanent replacement. Note that this type of coverage varies from insurer to insurer and may have limitations on the amount of daily coverage and the number of days the coverage is available per incident.
Using an Independent Agent for Car Insurance
If you’ve never used an independent agent to shop and compare car insurance, you may be paying too much money for too little coverage. At our offices, we are driven by our goal to meet the needs of our clients. That means going the extra mile to find quality coverage, as well as shopping around for competitive rates and discounts.
Are You Getting the Discounts You Deserve?
In the same way, your coverage needs can change over time, so can the number of discounts you qualify for as a Minnesota driver. We never want you to miss out on the savings you deserve. By getting to know you and your driving habits, we can better match you with discounts that could drive down the cost of your auto insurance premiums. Examples include discounts for:
- safe driving
- good grades
- driving fewer miles than average
- purchasing multiple types of insurance policies
- insuring multiple vehicles
- owning a vehicle with enhanced safety features
- and more