Cheapest Car Insurance Quotes in Lake Elmo

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Lake Elmo Car Insurance

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Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Lake Elmo

The car insurance rate in Lake Elmo is $1001 for a six-month policy, which is $57 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $548, making it a popular choice for budget-conscious drivers. Rates in Lake Elmo can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Lake Elmo

$1001

Avg. Car Insurance in Minnesota

$944

National Average

$1278

Cheapest Car Insurance Companies in Lake Elmo

1st place: Iowa Farm Bureau

At $548 for a six month policy, Iowa Farm Bureau offers the cheapest auto insurance rates in the city.

2nd place: AutoOwners Insurance Co

AutoOwners Insurance Co offers auto insurance rates at $554 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Westfield

Westfield offers auto insurance rates at $554 for six months, making it the third cheapest auto insurance company in Lake Elmo.

Lake Elmo Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Lake Elmo, MN is Iowa Farm Bureau, offering policies at just $548 for a six-month term. This is followed by AutoOwners Insurance Co, which has an average six-month premium of $554.

At the higher end of the spectrum, Farmers is the most expensive, with rates reaching $1801 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Lake Elmo drivers find the best deals.

Cheap Car Insurance Companies in Lake Elmo, MN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$548	$93
Auto-Owners Insurance Co	$554	$92
Westfield	$554	$94
American Family	$579	$98
West Bend Mutual	$718	$121
Travelers	$769	$129
Nationwide	$850	$144
USAA	$888	$149
AAA	$919	$155
Auto-Owners	$983	$165
West Bend	$1058	$180
State Farm	$1108	$187
Western National	$1429	$243
Allstate	$1499	$252
North Star Mutual	$1756	$299
Farmers	$1801	$300

Key Takeaways

Way's key takeaways about car insurance in Lake Elmo

The auto insurance costs in Lake Elmo fall around $548 for six months.
The cheapest auto insurance company in Lake Elmo is Westfield.
Teen drivers pay the highest rate in Lake Elmo at $1082 per month.

High Rates Shouldn’t Drive You Out of Pocket.

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Cheapest Minimum Liability Car Insurance in Lake Elmo

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Lake Elmo are given below.

Westfield provides the cheapest minimum car insurance coverage in Lake Elmo. Their Average 6 Month Premium is $152. Nationwide is the most expensive at $328 for the same period.

Cheapest Liability Coverage in Lake Elmo, MN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$152	$25
West Bend Mutual	$214	$36
North Star Mutual Insurance	$233	$39
USAA	$252	$42
Auto-Owners Insurance Co	$264	$45
Iowa Farm Bureau	$264	$45
West Bend	$264	$45
Farmers Union Insurance	$270	$46
Auto-Owners	$277	$47
North Star Mutual	$277	$47
AAA	$308	$52
American Family	$308	$52
Travelers	$308	$52
State Farm	$334	$56
Western National	$353	$59
Allstate	$516	$87
Farmers	$730	$124
Nationwide	$328	$54

Cheapest Full Coverage Car Insurance in Lake Elmo

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Lake Elmo is Iowa Farm Bureau at $93 per month and $548 for six months.

Cheapest Full Coverage Car Insurance Quotes in Lake Elmo, MN

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$548	$93
Auto-Owners Insurance Co	$554	$92
Westfield	$554	$94
American Family	$579	$98
West Bend Mutual	$718	$121
Travelers	$769	$129
Nationwide	$850	$144
USAA	$888	$149
AAA	$919	$155
Auto-Owners	$983	$165
West Bend	$1058	$180
State Farm	$1108	$187
Western National	$1429	$243
Allstate	$1499	$252
North Star Mutual	$1756	$299
Farmers	$1801	$300

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Average Car Insurance in Lake Elmo by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Lake Elmo, MN increasing?

Despite maintaining a clean driving record, your car insurance rates in Lake Elmo, Minnesota, may be increasing due to several external factors. Minnesota has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Lake Elmo's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Lake Elmo

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	Farm Bureau Mutual	$693
30s	Farm Bureau Mutual	$495
40s	Farm Bureau Mutual	$490
50s	Farm Bureau Mutual	$412
60s	Farm Bureau Mutual	$422
70s	Farm Bureau Mutual	$495

Cheapest Car Insurance Rates for Teen Drivers in Lake Elmo,MN

If you are planning to get a car insurance policy for your teenage dependent, Westfield provides the cheapest car insurance in the Lake Elmo at $31 per month. At $6491 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$182	$31
North Star Mutual Insurance	$252	$42
Auto-Owners Insurance Co	$270	$46
Iowa Farm Bureau	$277	$47
Farmers Union Insurance	$289	$49
Umialik	$359	$59
American Family	$983	$165
Travelers	$1102	$186
Auto-Owners	$1442	$243
USAA	$1473	$248
State Farm	$2197	$370
AAA	$2216	$373
Allstate	$3532	$595
North Star Mutual	$3703	$617
Western National	$4118	$701
Farmers	$6491	$1082

Teen Car Insurance Rates in MN by Age

Way Tip

If you are in your twenties Farm Bureau Mutual is the best choice for car insurance in Lake Elmo.

As young drivers face the highest rates in Lake Elmo, Farm Bureau Mutual offers the cheapest auto insurance rates at $693 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Lake Elmo, West Bend Mutual is the cheapest car insurance provider. At $270 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Lake Elmo is State Farm, offering rates of around $7185 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
West Bend Mutual	$270	$46
Westfield	$334	$55
Farmers Union Insurance	$371	$64
Iowa Farm Bureau	$523	$87
American Family	$535	$91
USAA	$1750	$292
AAA	$1951	$329
Travelers	$2512	$419
North Star Mutual	$2909	$495
Auto-Owners	$3035	$506
Farmers	$3337	$567
Western National	$3488	$581
Allstate	$4181	$711
State Farm	$7185	$1198

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Save up to $971/yr on car insurance rates in Lake Elmo.

Car Insurance Rates with An Accident in Lake Elmo

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Lake Elmo, MN, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Lake Elmo

The cheapest car insurance companies after an at-fault accident in Lake Elmo include Westfield and Umialik, offering $220 and $277, respectively. Nationwide is an expensive provider with an average six-month premium of $435.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$220	$37
Umialik	$277	$47
Iowa Farm Bureau	$340	$56
Auto-Owners Insurance Co	$359	$61
Farmers Union Insurance	$366	$60
West Bend Mutual	$371	$64
North Star Mutual Insurance	$428	$71
Encompass	$466	$80
American Family	$655	$110
Western National	$681	$114
Auto-Owners	$730	$123
State Farm	$756	$127
Travelers	$844	$142
USAA	$906	$153
AAA	$1435	$242
North Star Mutual	$1700	$286
Farmers	$2651	$442
Allstate	$2745	$462
Nationwide	$435	$72

Lake Elmo Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Lake Elmo MN. For example, the car insurance in Lake Elmo after a DUI increases to $1159 for a six month policy. While the rate increases by $239 for a six-month policy in the case of a speeding ticket.

Lake Elmo auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1083	$180
One Med/PIP claim	$1096	$187
Not-at-fault accident	$1114	$186
One comp claim	$1152	$196
Two Med/PIP claims	$1152	$192
Two comp claims	$1203	$205
Failure to wear a seat belt	$1234	$206
Failure to show documents	$1253	$213
Child safety restraint	$1272	$212
Driving without lights	$1272	$216
Driving with expired registration	$1297	$216
Cell phone violation	$1322	$225
Speeding 6 - 10 MPH over limit	$1322	$220
Texting while driving	$1322	$225
Following too closely	$1335	$223
Driving too slowly	$1341	$228
Failure to yield	$1341	$224
Illegal turn	$1341	$228
Speeding in school zone	$1341	$224
Wrong way/wrong lane	$1341	$228
Failure to stop at a red light	$1347	$225
Improper passing	$1347	$229
Speeding 11 - 15 MPH over limit	$1354	$226
Speeding 16 - 20 MPH over limit	$1366	$232
At-fault accident - less than $1000	$1398	$233
Passing school bus	$1398	$237
In 65 MPH zone	$1405	$234
Operating a vehicle without permission	$1411	$240
Speeding 21 - 25 MPH over limit	$1454	$243
At-fault accident - $1000-$2000	$1555	$264
Open container	$1561	$261
At-fault accident - greater than $2000	$1593	$271
Reckless driving	$1951	$325
Racing	$2015	$342
Driving with a suspended license	$2141	$357
Refusal to submit to a chemical test	$2166	$368
DUI	$2242	$373
Leaving scene of an accident/hit and run	$2324	$395

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Lake Elmo after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Lake Elmo.

The cheapest car insurance premiums in Lake Elmo are offered by Umialik at $277 for a six-month policy. However, it can be as expensive as $5031 with companies like AAA.

Lake Elmo car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Umialik	$277	$47
West Bend Mutual	$289	$49
Farmers Union Insurance	$347	$57
Westfield	$390	$67
Iowa Farm Bureau	$510	$85
Country Financial	$542	$92
Auto-Owners Insurance Co	$579	$96
American Family	$611	$103
Western National	$863	$145
Travelers	$869	$146
State Farm	$1108	$187
USAA	$1197	$201
Auto-Owners	$1234	$208
Farmers	$2688	$457
Allstate	$2852	$480
North Star Mutual	$5024	$854
AAA	$5031	$838

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Lake Elmo are offered by Westfield at $182. However, it can be as expensive as $3155 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Lake Elmo after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$182	$31
Iowa Farm Bureau	$289	$49
West Bend Mutual	$289	$49
Auto-Owners Insurance Co	$302	$51
American Family	$321	$53
Farmers Union Insurance	$328	$56
State Farm	$692	$117
Western National	$863	$145
USAA	$913	$153
Auto-Owners	$1007	$172
Travelers	$1096	$182
North Star Mutual	$1756	$299
Farmers	$2260	$376
AAA	$2343	$399
Allstate	$3155	$526

Car Insurance Price Trends in Lake Elmo, Minnesota

Car insurance rates in Lake Elmo have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Lake Elmo rose by $228 in January compared to $188 of December. In other words, there has been an increase by $40 when you compare January and December.

The average cost of liability insurance in the Lake Elmo rose to $54 in January, compared to $52 in December. This represents an increase of $2 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Lake Elmo?

The car insurance in Lake Elmo is $25 per month, which is lower than the national average.

What is the cheapest car insurance in Lake Elmo?

The cheapest car insurance in Lake Elmo is $93 per month for full coverage.

How much is car insurance in Lake Elmo for teenagers?

Car insurance for teenagers costs $182 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Lake Elmo?

The average cost of car insurance is $944 for a six-month policy. It will cost around $169 per month to insure your car in Lake Elmo.

Is car insurance expensive in Lake Elmo?

Car insurance can be expensive in Lake Elmo if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Lake Elmo can be affordable.

Cheapest Car Insurance Quotes in Lake Elmo

Why you can trust Way?

How Much Is Car Insurance in Lake Elmo

Avg. Car Insurance in Lake Elmo

Avg. Car Insurance in Minnesota

National Average

Cheapest Car Insurance Companies in Lake Elmo

1st place: Iowa Farm Bureau

2nd place: AutoOwners Insurance Co

3rd place: Westfield

Lake Elmo Car Insurance Rates by Company

Cheap Car Insurance Companies in Lake Elmo, MN

Way's key takeaways about car insurance in Lake Elmo

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Lake Elmo

Cheapest Liability Coverage in Lake Elmo, MN

Cheapest Full Coverage Car Insurance in Lake Elmo

Cheapest Full Coverage Car Insurance Quotes in Lake Elmo, MN

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Lake Elmo by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Lake Elmo, MN increasing?

Car Insurance Premiums by Age in Lake Elmo

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Lake Elmo,MN

If you are in your twenties Farm Bureau Mutual is the best choice for car insurance in Lake Elmo.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Lake Elmo

Cheapest Car Insurance Companies after an At-Fault Accident in Lake Elmo

Lake Elmo Car Insurance Rates by Violation

Lake Elmo auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Lake Elmo after a DUI

Lake Elmo car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Lake Elmo after Speeding ticket

Car Insurance Price Trends in Lake Elmo, Minnesota

Average Car Insurance Cost in Lake Elmo by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Lake Elmo, MN

Car Insurance Rates by State in the USA (2025 Update)

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