Minnesota High Risk Auto Insurance
Minnesota state laws require that all residents hold an insurance policy with the minimum requirements for the state. The minimum limits for bodily injury liability in Minnesota is $30,000 per injury with up to a total of $60, 000 per accident. Property damage liability has a minimum amount of $10,000. These minimum requirements are often referred to as 30/60/10 coverage. In addition to these two, Minnesota also requires that car owners have personal injury protection (PIP) and coverage for both the uninsured and underinsured motorist. PIP helps pay for medical expenses in the event of an accident. The minimum limit for PIP is $40,000. To cover damages caused to the policy holder and passengers by an uninsured and/or underinsured driver, when involved in an accident, a minimum of $25,000 to a total of $50,000 for uninsured/underinsured motorist coverage is required by the state. Proof of insurance must always be in the vehicle. Incompliance with this regulation can result in the revocation of one's driver's license, thus requiring high risk car insurance.
Although the state of Minnesota requires minimum limits on car insurance, the most common car insurance purchased by residents goes above and beyond these minimums. High risk drivers may need to do so in order to comply with the standards for high risk car insurance.
Minnesota car insurance tends to be somewhat more expensive than other states. In order to find the best quote on car insurance, it is recommended that one look into various companies. Allied, AMCO, Centennial, Farmers, First Liberty, Geico, Progressive, and State Farm are just a few of the companies that can offer competitive quotes when shopping for regular and/or high risk car insurance.