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No-fault automobile insurance is required by law in Minnesota, yet exactly what this form of coverage entails is often misunderstood. Despite its name, no-fault coverage does not mean that in the event of an accident there is nobody responsible for the damages. What is covered under such a protection plan is the insured’s medical expenses up to the limits of the policy in the event that any injuries are sustained in a collision. In MN this is typically referred to as a person’s Personal Injury Protection policy, which by state law must cover at least $40,000 per person, per accident.

Included in this mandatory coverage are liability limits which must be met. Residents of the North Star State cannot register a vehicle unless they have a policy with $30,000 for bodily injury liability for one person, $60,000 for two people or more, and $10,000 to cover damages to another person’s property. Furthermore, a person must also have Uninsured and Underinsured motorist protection equaling $25,000 for injuries sustained by one person, and $50,000 for two people or more. All of these requirements are part of the Minnesota auto insurance no-fault policy, which is designed to keep residents protected while they traverse the open roads, and keep courtrooms free of legal disputes over automobile collisions.

More Extensive MN No-Fault Car Insurance

The level of protection in a required Minnesota no-fault policy may not be enough for some motorists. If a person is in need of additional coverage there are many different options available. The most basic way in which one’s protection can be increased is by raising the liability limits on a policy. According to the Federal Trade Commission the average cost of a new car in the United States is estimated at $28,400, meaning that if a driver struck a new vehicle then the $10,000 property damage liability that the state requires may not be enough. This being said, raising one’s limits could prove to be a wise decision for many motorists, and it almost always encouraged.

Apart from raising limits, a motorist may also choose to add coverage to an existing policy. The Minnesota Auto Insurance Guide recommends that vehicle owner’s consider Comprehensive and Collision coverage in order to broaden the types of damages which could occur. With these additions a policyholder’s automobile would be covered against damages sustained in an accident up to the limits of the policy. Additionally, the comprehensive portion would insure any damages that were not caused by a collision, such as striking an animal or flooding damages. Coupled with the already extensive requirements of MN no-fault insurance a resident could obtain very thorough amounts of protection.