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Like in most states, vehicle insurance is mandatory. It is important because it will protect you from financial burden and responsibility in case an accident happens. You, as the policy holder, in turn pay premiums so that when an accident occurs, your insurance company will step up for you.

Under most situations, a duly registered vehicle in Minnesota should have four types of motorist coverage which includes:

• Personal Injury Protection (PIP). With PIP, if you or any member in your household, becomes injured in an accident, no matter who is at fault, the insurance company will pay for medical expenses, possible lost wages as well as replacement services.
• Liability Protection. If you have injured another driver or person by accident, or another vehicle for that matter, the insurance company will cover the damage done, within the stated limits.
• Underinsured Coverage. This coverage is in addition to your PIP. Your insurance company will take over in case of an accident where the driver responsible for the accident does not have enough liability coverage to fully pay your medical expenses.
• Uninsured Coverage. Similar to the underinsured coverage, this provides you protection when the driver held responsible for an accident is not covered by any insurance.

The state of Minnesota has established minimum policy coverage. The state requires all vehicles to have the four aforementioned coverage in the following amounts:

• PIP. Your insurance company must shoulder $40,000 per person for every accident, $20,000 to be paid for hospital and medical expenses and $20,000 for non-medical related expenses which may include lost wage, replacement services, and so on.
• Liability. Liability coverage should be at least $30,000 for injuries on one person, $60,000 for an accident where two or more people are concerned, plus a $10,000 coverage for physical damage done on the other person's vehicle.
• Underinsured and Uninsured. For both coverage, motorists should have at least $25,000 uninsured coverage for one person, and $50,000 for injuries involving two or more people.

Note though that these are just the minimum requirements, and do not protect you comprehensively. Many people choose policy options that well exceed these state-imposed requirements for maximum protection.

There are a few optional vehicle coverage that you might also want to look into. This includes collision coverage, where your insurance company pays for repairs for damages in the vehicle caused by a vehicular accident, and a comprehensive collision coverage that covers loss and damage due to fire, falling objects, theft, and yes, even accidents involving deer.