Insurance Resources

Insurance Guides & Resources

Free resources to help you understand your insurance options and make informed decisions for your family.

Insurance Guides

Quick tips and essential information for each type of coverage

Auto Insurance Guide

Understanding coverage types, deductibles, and how to save on your policy.

  • Liability coverage is required in Minnesota
  • Consider comprehensive for newer vehicles
  • Bundle with home insurance for discounts
  • Review coverage annually after major life changes
Learn More

Home Insurance Guide

Protect your home and belongings with the right coverage levels.

  • Replacement cost vs. actual cash value matters
  • Review your policy limits annually
  • Document your belongings with photos/video
  • Consider flood insurance separately
Learn More

Life Insurance Guide

Term vs. whole life, cash value, and protecting your family's future.

  • Term life is most affordable for young families
  • Whole life builds cash value over time
  • Consider 10-12x your annual income
  • Lock in rates while you're young and healthy
Learn More

Umbrella Insurance

Extra liability protection beyond your auto and home policies.

  • Covers liability gaps in other policies
  • Protects assets from lawsuits
  • Usually $1M+ in coverage
  • Surprisingly affordable for the protection
Learn More

Frequently Asked Questions

Common questions about insurance coverage in Minnesota

How much auto insurance do I need in Minnesota?

Minnesota requires minimum liability coverage of 30/60/10 ($30,000 per person, $60,000 per accident for bodily injury, $10,000 property damage). However, we typically recommend higher limits to protect your assets.

What's the difference between term and whole life insurance?

Term life covers you for a specific period (10, 20, or 30 years) with lower premiums. Whole life provides permanent coverage with cash value growth. Your choice depends on your goals and budget.

How can I lower my insurance premiums?

Bundle policies (auto + home), maintain good credit, increase deductibles, ask about discounts (safe driver, good student, home security), and review coverage annually to ensure you're not over-insured.

Do I need flood insurance in Minnesota?

Standard home insurance doesn't cover flood damage. If you're in a flood-prone area or near water, flood insurance is highly recommended. Even outside flood zones, it's worth considering.

When should I review my insurance policies?

Review annually and after major life events: marriage, new home, new car, having children, career changes, or retirement. Your coverage needs change as your life evolves.

Have more questions? We're here to help.

Smart Insurance Tips

Do This

  • Review your policies annually
  • Bundle auto and home for discounts
  • Keep a home inventory with photos
  • Update coverage after major life events
  • Consider umbrella coverage for asset protection

Avoid This

  • Don't buy only minimum coverage to save money
  • Don't assume renters don't need insurance
  • Don't let policies lapse—gaps matter
  • Don't wait to buy life insurance
  • Don't forget to report all drivers in household

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    Insurance Resources & Guides | Nelson & Associates, Inc. | Fridley, MN