How Car Insurance Rates are Determined in Minnesota
Reader’s Question:
I am confused with auto insurance rate in Minnesota. Is it possible that a car insurance agent can set a policyholder’s auto insurance premium and increased it for just merely suspecting that the policyholder had a minor traffic violation? And since it’s only a suspicion, as expected, there wouldn’t be any traffic tickets at all to back it up. Can someone help me with this? Can that be done?
Tin
Rochester, MN
Auto insurance rates are regulated in Minnesota through the Minnesota Department of Commerce Insurance Division. Car insurance companies filed their company’s rules and rates to this department.
The role of a car insurance agent is to follow the insurance company’s rules and rates. It is not a car insurance agent’s responsibility or job to increase a policyholder’s auto insurance rate for whatever reasons. Thus, this answers your question. Whether it’s just merely a suspicion on the car insurance agent’s part that there was a traffic violation committed by the policyholder or even if there is as supported by documents, this does not change the fact that car insurance agent CANNOT increase a person’s auto insurance premium.
I hope I was able to help you with your question. If you have other questions regarding car insurance rate in Minnesota, you can always contact the MN Department of Commerce Insurance Division.
Who Else Will Be Covered With My Car Insurance Policy Besides Myself?
Reader’s Question:
I am going to have my new car registered and also have it insured. I’ve already researched and decided on the kind of auto insurance coverage that I would be purchasing. Since I am totally new with car insurance stuff, I’m quite confused with it. I have one question. Once I’ve purchased my car insurance in Minnesota, who would be covered? I know, that it gives coverage for myself but are there other people who would be covered too? I have a wife and a teen daughter, will they be covered by my auto insurance policy?
Ken
Brooklyn Park, MN
I’ve read something about your question from the Minnesota Department of Commerce Auto Insurance Guide. And accordingly, you are covered by your auto insurance policy and also any person/s related to you who is living in your household are also covered. This can be your wife, children (which is your daughter in your case), and other relative who is under your custody and is living with you. However, this is provided that those people do not have their own auto insurance policy.
In addition, any people driving your car, as long as they have your permission to drive your insured vehicle are also covered. Again, this is provided that those people do no have their own auto insurance policy or they are not covered by any auto insurance policy.
For more information about auto insurance coverage in Minnesota, ask your car insurance agent.
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