How Much is the Average Cost for Car Insurance in Lakeville, MN?
- On average minimum liability costs for Lakeville drivers is $100 a month or $1,202 a year.
- Full coverage policies cost around $256 a month or $3,071 a year.
InsuranceQuotes cost rates are pulled from our real-time auto insurance database from recent quotes in Lakeville – Rates are based on a used car driver who is single, middle aged & has a clean driving record. Read on to learn about the cheapest local rates filtered by insurance providers, new cars, vehicle types and age.
Cheapest Car Insurance Providers in Lakeville
- In Lakeville on average the cheapest car insurance providers are State Farm, American Family and Owners-Insurance Co. State minimum liability car insurance starts at $54 a month or $647 a year with State Farm. Full coverage car insurance starts at $157 a month or $1,887 a year with American Family.
Here is a breakdown of average costs from the cheapest local insurance providers in Lakeville from our cost data set of used-car drivers who are single, middle aged and have a clean driving record:
| Insurance Company: | State Minimum: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| State Farm | $647 | $54 | $2,352 | $196 |
| American Family | $860 | $72 | $1,887 | $157 |
| Owners Insurance | $944 | $79 | $3,740 | $312 |
| All State | $1,031 | $86 | $3,996 | $333 |
| Standard Fire Ins. Co | $1,577 | $131 | $3,408 | $284 |
Minnesota State Minimum Car Insurance Requirements
- Liability Coverage:
- $30,000 for bodily injury per person
- $60,000 for bodily injury per accident
- $10,000 for property damage per accident
- Personal Injury Protection (PIP):
- $40,000 for medical expenses per person
- $20,000 for non-medical expenses (such as lost wages) per person
- PIP coverage is mandatory in Minnesota and covers medical expenses and lost wages for you and your passengers, regardless of who is at fault in the accident.
- Uninsured/Underinsured Motorist Coverage (UM/UIM):
- $25,000 for bodily injury per person
- $50,000 for bodily injury per accident
These are the minimum coverage requirements mandated by the state of Minnesota. However, it’s important to note that drivers may choose to purchase higher coverage limits or additional types of coverage for more comprehensive protection.
Additionally, Minnesota also requires drivers to carry proof of insurance in their vehicles at all times and present it when requested by law enforcement officers or other authorities.
Lakeville car insurance averages approximately $81 per month for full coverage in 2026, based on InsuranceQuotes.com’s analysis of market rate data. Comparing quotes from multiple carriers using your exact ZIP code and driver profile is the most reliable way to find your lowest rate.
Car insurance in Lakeville, Minnesota averages approximately $81 per month for full coverage in 2026, making it one of the most affordable Twin Cities suburbs for car insurance. Lakeville sits in Dakota County, south of the I-494 beltway, and benefits from lower accident frequency and theft rates than the Minneapolis and St. Paul city cores. Westfield Insurance offers the cheapest minimum coverage in Minnesota statewide at $19 per month. Auto-Owners Insurance provides the best full coverage value at around $75 per month. Lakeville’s rapid population growth has not yet dramatically increased its insurance risk profile compared to more established suburban markets.
Lakeville’s combination of Dakota County location, relatively newer residential development, and position south of the Metro’s most congested corridors produces favorable insurance rates. Unlike inner-ring suburbs directly adjacent to Minneapolis, Lakeville’s primary roads — Cedar Avenue, Dodd Boulevard, and I-35 — carry predictable suburban traffic patterns with lower accident frequency than northern Hennepin County suburbs. Dakota County also has lower vehicle theft rates than comparable Hennepin County communities. As one of the fastest-growing cities in Minnesota, Lakeville’s newer residential areas have not accumulated the claims history that older suburbs carry, which can modestly favor rates for drivers in newer development areas.
Westfield Insurance offers the lowest minimum coverage available in Minnesota at approximately $19 per month statewide and is the single most impactful carrier to get a quote from in Lakeville. Westfield is available only through independent agents. Auto-Owners Insurance leads for full coverage at around $75 per month statewide. State Farm and Travelers are competitive national options in Dakota County. For Lakeville drivers who commute into Minneapolis or St. Paul, confirming your garaging address is accurate with your insurer is important — your Lakeville address qualifies you for Dakota County rates rather than the higher Metro core rates that apply at a Minneapolis address.
Yes — all Minnesota drivers including those in Lakeville must carry $40,000 in Personal Injury Protection (PIP) as part of Minnesota’s no-fault insurance framework. The $40,000 divides as $20,000 for medical expenses and $20,000 for non-medical costs. Minnesota also requires 30/60/10 liability minimums and mandatory uninsured motorist coverage. PIP pays your medical bills after any accident regardless of fault. Lakeville drivers with strong employer health insurance may benefit from asking their agent about PIP coordination options to ensure they are not duplicating coverage unnecessarily.
Lakeville’s I-35 corridor is one of the busiest commuter routes in the southern Twin Cities metro, connecting Dakota County suburbs to downtown Minneapolis via the I-35E and I-35W split north of Lakeville. The I-35 corridor generates commuter traffic density that slightly elevates Lakeville’s accident exposure versus more rural Dakota County communities. However, I-35 through Lakeville runs at more manageable volumes than the same freeway in Burnsville or Eagan closer to the Metro core. For Lakeville commuters who drive I-35 daily, telematics programs from Progressive (Snapshot) and State Farm (Drive Safe and Save) can reduce premiums by 10 to 30 percent by demonstrating safe highway driving behavior.
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Michael Giusti is a senior insurance analyst, business journalist, and university professor with over 20 years of experience. He serves as department chair at Loyola University New Orleans and contributes to Insurance Thought Leadership, U.S. News, and other leading financial outlets.
