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.
What is the Mandatory Liability Auto Insurance in Minnesota?
Loading ...