What is the Mandatory Liability Auto Insurance in Minnesota?
Reader’s Question:
In Minnesota, what is the maximum auto liability insurance?
Ed
Minneapolis, Minnesota
Typically, a state demands that a person carry certain minimum liability insurance. In Minnesota, each registered vehicle is required to maintain minimum auto insurance for each of the following coverage:
Liability insurance should cover $30,000 for injuring one person, $60,000 for injuring two or more persons, and $10,000 for injuring the driver of the other vehicle or for property damage.
Personal Injury Protection should cover $40,000 per person (50% for medical expenses, 50% for expenses that are not medical in nature such as payment for replacement services and lost wages).
Uninsured motorist coverage must be $25,000 for one person and $50,000 for two or more persons.
Underinsured motorist coverage must be $25,000 for one person and $50,000 for two or more persons.
The state’s Department of Commerce states that if the vehicle is not yet fully paid, the lien holder must require you to have a comprehensive and collision coverage. If you don’t carry this coverage, the lien holder may pursue a “forced insurance” wherein he will carry the coverage and just charge you for it. This may be too expensive for you as it may carry the comprehensive and collision coverage that is above the state’s minimum requirement.
Therefore, there really is no maximum amount for liability insurance. It is only up to you and the lien holder to determine what other coverage you need to keep on top of what the state is requiring.
Should I Tell Accident History in Auto Insurance Application?
Reader’s Question:
I got involved in a car accident two months ago while driving my parent’s vehicle and got totaled. I am now purchasing a new vehicle and would like to get car insurance in Bloomington, Minnesota. The car insurance company is asking if I have been in an accident for the past five years. Should I say since the car insurance claim in the accident was not under my policy?
Ben
Bloomington, MN
Since the car insurance claims record in the accident was under your parent’s auto insurance, it would be your driving history under your name that would list the accident since you were the operator of the car.
When applying or renewing information for car insurance policy +you need to provide accurate information. So when applying for auto insurance and you are asked if you have been involved in an accident in the past five years you need to tell them the truth.
If you leave off information on your car insurance application for you to get lower car insurance rates, most states will find this to be a form of fraud. Therefore if you provide incorrect information the insurance carrier’s car insurance quote for you will not be accurate.
Loading ...