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Are you looking for low cost homeowners insurance in Minnesota? We have analyzed all the major home insurance companies to help you find the best Minnesota home insurance rates.
Key Takeaways
- Minnesota homeowners insurance costs $1,890 annually.
- Insurers offer home insurance policies in the state starting at around $1,058 annually.
- Ensure to buy flood insurance in the state, as snow melting can lead to flooding.
Minnesota homeowners insurance: What you need to know
On average, homeowners insurance in Minnesota costs around $1,890 yearly, which is on par with the national average rate.
As the state is located in both the northern and central parts of the country, it experiences severe winter temperatures and regular tornadoes from spring to fall. So, there’s no need to wonder why the rates are higher. So are you looking for the cheapest home insurance in Minnesota? We will help you find one!
What does a homeowners insurance policy cover?
Dwelling, Liability, Medical Payments to Others, Other Structures, Personal Property, and Additional Living Expenses are a homeowners insurance policy’s standard coverages. Also, you can buy these coverages additionally.
- Flood insurance: A homeowners insurance policy does not cover damage by floods. So you must buy a separate flood insurance policy via a private insurer or FEMA.
- Scheduled personal property coverage: It helps you cover expensive items you own. You can use this coverage to increase your coverage limits for items like antiques, jewelry, furs, or collections.
- Identity theft coverage: Many home insurers provide identity theft coverage, which can help you cover the cost of identity restoration services.
What isn’t covered by a typical homeowners insurance policy?
A home insurance policy doesn’t cover flooding, earthquakes, nuclear threats, insect and vermin infestations, wear and tear, power outages, war, sinkholes, or intentional loss. You must thoroughly research your policy before purchasing one to ensure the coverages you receive.
The cheapest home insurance companies in Minnesota
The cost of homeowners insurance in Minnesota differs based on your insurer. With an average yearly rate of $1,058, Liberty Mutual offers the cheapest home insurance in Minnesota. The rate is $832 less than the state average rate. If you want to buy an ever cheaper policy, it is best to compare the rates from all the insurers.
| Insurer | Average annual rate |
|---|---|
| Liberty Mutual | $1,058 |
| Western National | $1,132 |
| North Star | $1,417 |
| Travelers | $1,550 |
| AAA | $1,561 |
The best homeowners insurance in Minnesota for those with poor credit
When determining your Minnesota home insurance rates, insurers will also consider your credit score. Your insurer will consider you less risky if you have a good credit score. So, you will have to pay lower insurance premiums. American Family has the lowest home insurance rates in Minnesota for a homeowner with bad credit, with an average yearly premium of $2,469.
| Insurer | Average annual rate |
|---|---|
| American Family | $2,469 |
| Farmers | $2,876 |
| State Farm | $4,064 |
| Allstate | $5,114 |
| Auto-Owners | $12,259 |
The best homeowners insurance in Minnesota for pool owners
Minnesota home insurance rates can go high if you have a pool in your backyard. Having one on your property may cause injuries to people, increasing your chances of having to file a liability claim. Auto-Owners has the lowest home insurance rates for Minnesota homes with a swimming pool, with an average yearly premium of $1,171.
| Insurer | Average annual rate |
|---|---|
| Auto-Owners | $1,171 |
| Farmers | $1,406 |
| American Family | $2,056 |
| State Farm | $2,363 |
| Allstate | $3,214 |
The best homeowners insurance in Minnesota for dog owners
Many insurers view certain dog breeds as ‘dangerous.’ So, if you own such one, expect your home insurance premiums to surge. With an average annual premium of $1,171, Auto-Owners has the lowest home insurance rates in Minnesota for a home with an aggressive dog breed.
| Insurer | Average annual rate |
|---|---|
| Auto-Owners | $1,171 |
| Farmers | $1,406 |
| American Family | $2,056 |
| State Farm | $2,363 |
| Allstate | $3,214 |
Homeowners insurance deductibles in Minnesota
You must pay a deductible if you file a claim under your home insurance policy. It is the amount that you pay out of pocket before your insurer covers you. For instance, if you had a $2,000 deductible and a $4,000 water damage claim, your insurer would reimburse you $2,000 for the damage. Remember that a lower deductible usually results in higher premiums. These are the typical home insurance deductibles in the state.
| Deductible Level | Average annual rate |
|---|---|
| $500 | $1,695 |
| $1,000 | $1,573 |
| $1,500 | $1,471 |
| $2,000 | $1,380 |
| $5,000 | $1,166 |
Minnesota home insurance prices by coverage levels
The amount of homeowners coverage you select decides your Minnesota home insurance rates. Carrying $100,000 in dwelling coverage costs an average of $858 annually in Minnesota. At the same time, carrying coverage up to $400,000 costs as much as $2,268 yearly.
| Dwelling coverage cost | Average annual rate |
|---|---|
| $100,000 | $858 |
| $200,000 | $1,324 |
| $250,000 | $1,573 |
| $400,000 | $2,268 |
Minnesota homeowners insurance costs by city
Be mindful that not all cities in the state have the same insurance rates. Factors like your ZIP Code, claims in your area, and theft rate can influence the cost of homeowners insurance in Minnesota. The following are the rates in the various cities.
| City | Average annual rate |
|---|---|
| Ada | $2,124 |
| Adams | $2,110 |
| Adolph | $2,120 |
| Adrian | $2,195 |
| Afton | $2,391 |
| Ah Gwah Ching | $2,114 |
| Aitkin | $2,205 |
| Akeley | $2,058 |
| Albany | $2,087 |
| Albert Lea | $2,269 |
| Alberta | $2,246 |
| Albertville | $2,272 |
| Alborn | $2,188 |
| Alden | $2,299 |
| Aldrich | $2,158 |
| Alexandria | $2,140 |
| Almelund | $2,377 |
| Alpha | $2,232 |
| Altura | $2,086 |
| Alvarado | $2,142 |
| Amboy | $2,185 |
| Andover | $2,341 |
| Angle Inlet | $2,084 |
| Angora | $2,173 |
| Annandale | $2,243 |
| Anoka | $2,309 |
| Apple Valley | $2,242 |
| Appleton | $2,247 |
| Arco | $2,318 |
| Arden Hills | $2,351 |
| Argyle | $2,113 |
| Arlington | $2,297 |
| Arnold | $2,159 |
| Ashby | $2,165 |
| Askov | $2,150 |
| Atwater | $2,188 |
| Audubon | $2,163 |
| Aurora | $2,155 |
| Austin | $2,129 |
| Avoca | $2,271 |
| Avon | $2,084 |
| Babbitt | $2,098 |
| Backus | $2,085 |
| Badger | $2,093 |
| Bagley | $2,122 |
| Balaton | $2,310 |
| Barnesville | $2,128 |
| Barnum | $2,124 |
| Barrett | $2,151 |
| Barry | $2,283 |
| Battle Lake | $2,151 |
| Baudette | $2,074 |
| Baxter | $2,042 |
| Bayport | $2,392 |
| Beardsley | $2,245 |
| Beaver Creek | $2,156 |
| Becker | $2,329 |
| Bejou | $2,090 |
| Belgrade | $2,122 |
| Belle Plaine | $2,231 |
| Bellingham | $2,227 |
| Beltrami | $2,159 |
| Belview | $2,264 |
| Bemidji | $2,068 |
| Bena | $2,122 |
| Benedict | $2,071 |
| Benson | $2,200 |
| Bertha | $2,149 |
| Bethel | $2,351 |
| Big Falls | $2,190 |
| Big Lake | $2,272 |
| Bigelow | $2,222 |
| Bigfork | $2,211 |
| Bingham Lake | $2,258 |
| Birchdale | $2,149 |
| Birchwood Village | $2,409 |
| Bird Island | $2,297 |
| Biwabik | $2,125 |
| Blackduck | $2,111 |
| Blaine | $2,341 |
| Blomkest | $2,189 |
| Blooming Prairie | $2,242 |
| Bloomington | $2,290 |
| Blue Earth | $2,168 |
| Bluffton | $2,182 |
| Bock | $2,360 |
| Borup | $2,169 |
| Bovey | $2,158 |
| Bowlus | $2,127 |
| Bowstring | $2,198 |
| Boyd | $2,240 |
| Braham | $2,308 |
| Brainerd | $2,072 |
| Brandon | $2,113 |
| Breckenridge | $2,100 |
| Breezy Point | $2,051 |
| Brewster | $2,198 |
| Bricelyn | $2,184 |
| Brimson | $2,169 |
| Britt | $2,173 |
| Brook Park | $2,270 |
| Brooklyn Center | $2,315 |
| Brooklyn Park | $2,309 |
| Brooks | $2,160 |
| Brookston | $2,188 |
| Brooten | $2,133 |
| Browerville | $2,105 |
| Browns Valley | $2,207 |
| Brownsdale | $2,099 |
| Brownsville | $2,057 |
| Brownton | $2,191 |
| Bruno | $2,154 |
| Buffalo | $2,269 |
| Buffalo Lake | $2,316 |
| Buhl | $2,145 |
| Burnsville | $2,278 |
| Burtrum | $2,155 |
| Butterfield | $2,183 |
| Byron | $1,998 |
| Caledonia | $2,055 |
| Callaway | $2,147 |
| Calumet | $2,162 |
| Cambridge | $2,243 |
| Campbell | $2,139 |
| Canby | $2,293 |
| Cannon Falls | $2,195 |
| Canton | $2,053 |
| Canyon | $2,168 |
| Carlos | $2,115 |
| Carlton | $2,119 |
| Carver | $2,238 |
| Cass Lake | $2,065 |
| Cedar | $2,328 |
| Center City | $2,340 |
| Centerville | $2,393 |
| Ceylon | $2,150 |
| Champlin | $2,307 |
| Chandler | $2,264 |
| Chanhassen | $2,228 |
| Chaska | $2,217 |
| Chatfield | $2,021 |
| Chisago City | $2,350 |
| Chisholm | $2,160 |
| Chokio | $2,181 |
| Circle Pines | $2,335 |
| Clara City | $2,255 |
| Claremont | $2,076 |
| Clarissa | $2,095 |
| Clarkfield | $2,312 |
| Clarks Grove | $2,223 |
| Clear Lake | $2,301 |
| Clearbrook | $2,133 |
| Clearwater | $2,204 |
| Clements | $2,272 |
| Cleveland | $2,060 |
| Climax | $2,164 |
| Clinton | $2,247 |
| Clitherall | $2,176 |
| Clontarf | $2,250 |
| Cloquet | $2,199 |
| Cohasset | $2,169 |
| Cokato | $2,267 |
| Cold Spring | $2,091 |
| Coleraine | $2,151 |
| Cologne | $2,286 |
| Columbia Heights | $2,325 |
| Columbus | $2,366 |
| Comfrey | $2,221 |
| Comstock | $2,165 |
| Conger | $2,250 |
| Cook | $2,165 |
| Coon Rapids | $2,332 |
| Corcoran | $2,270 |
| Correll | $2,306 |
| Cosmos | $2,243 |
| Cottage Grove | $2,334 |
| Cotton | $2,186 |
| Cottonwood | $2,316 |
| Courtland | $2,202 |
| Crane Lake | $2,187 |
| Cromwell | $2,185 |
| Crookston | $2,134 |
| Crosby | $2,032 |
| Crosslake | $2,047 |
| Crystal | $2,308 |
| Crystal Bay | $2,324 |
| Currie | $2,267 |
| Cushing | $2,077 |
| Cyrus | $2,181 |
| Dakota | $2,054 |
| Dalbo | $2,266 |
| Dalton | $2,068 |
| Danube | $2,283 |
| Danvers | $2,210 |
| Darfur | $2,175 |
| Darwin | $2,232 |
| Dassel | $2,272 |
| Dawson | $2,256 |
| Dayton | $2,300 |
| Deephaven | $2,266 |
| Deer Creek | $2,193 |
| Deer River | $2,194 |
| Deerwood | $2,042 |
| Delano | $2,341 |
| Delavan | $2,202 |
| Dellwood | $2,384 |
| Dennison | $2,215 |
| Dent | $2,203 |
| Detroit Lakes | $2,132 |
| Dexter | $2,126 |
| Dilworth | $2,147 |
| Dodge Center | $2,087 |
| Donaldson | $2,113 |
| Donnelly | $2,119 |
| Dover | $2,046 |
| Dovray | $2,279 |
| Duluth | $2,180 |
| Dumont | $2,211 |
| Dundas | $2,220 |
| Dunnell | $2,153 |
| Eagan | $2,283 |
| Eagle Bend | $2,091 |
| Eagle Lake | $2,179 |
| East Bethel | $2,315 |
| East Grand Forks | $2,132 |
| East Gull Lake | $2,097 |
| Easton | $2,190 |
| Echo | $2,343 |
| Eden Prairie | $2,245 |
| Eden Valley | $2,169 |
| Edgerton | $2,174 |
| Edina | $2,245 |
| Effie | $2,195 |
| Eitzen | $2,045 |
| Elbow Lake | $2,159 |
| Elgin | $2,063 |
| Elizabeth | $2,129 |
| Elk River | $2,329 |
| Elko New Market | $2,283 |
| Elkton | $2,119 |
| Ellendale | $2,212 |
| Ellsworth | $2,217 |
| Elmore | $2,166 |
| Elrosa | $2,117 |
| Ely | $2,149 |
| Elysian | $2,193 |
| Embarrass | $2,149 |
| Emily | $2,037 |
| Emmons | $2,296 |
| Erhard | $2,181 |
| Erskine | $2,179 |
| Esko | $2,165 |
| Essig | $2,197 |
| Euclid | $2,180 |
| Evansville | $2,116 |
| Eveleth | $2,160 |
| Excelsior | $2,361 |
| Eyota | $2,002 |
| Fairfax | $2,275 |
| Fairmont | $2,139 |
| Falcon Heights | $2,289 |
| Faribault | $2,186 |
| Farmington | $2,236 |
| Farwell | $2,141 |
| Federal Dam | $2,071 |
| Felton | $2,184 |
| Fergus Falls | $2,074 |
| Fertile | $2,168 |
| Fifty Lakes | $2,046 |
| Finland | $2,078 |
| Finlayson | $2,257 |
| Fisher | $2,162 |
| Flensburg | $2,119 |
| Flom | $2,136 |
| Floodwood | $2,152 |
| Foley | $2,200 |
| Forbes | $2,159 |
| Forest Lake | $2,377 |
| Foreston | $2,331 |
| Fort Ripley | $2,108 |
| Fosston | $2,155 |
| Fountain | $2,052 |
| Foxhome | $2,128 |
| Franklin | $2,272 |
| Frazee | $2,191 |
| Freeborn | $2,253 |
| Freeport | $2,096 |
| Fridley | $2,317 |
| Frontenac | $2,193 |
| Frost | $2,176 |
| Fulda | $2,215 |
| Garden City | $2,225 |
| Garfield | $2,099 |
| Garrison | $2,072 |
| Garvin | $2,303 |
| Gary | $2,118 |
| Gatzke | $2,108 |
| Gaylord | $2,236 |
| Genola | $2,162 |
| Georgetown | $2,159 |
| Ghent | $2,277 |
| Gibbon | $2,207 |
| Gilbert | $2,135 |
| Gilman | $2,237 |
| Glencoe | $2,235 |
| Glenville | $2,269 |
| Glenwood | $2,134 |
| Glyndon | $2,176 |
| Golden Valley | $2,314 |
| Gonvick | $2,143 |
| Good Thunder | $2,183 |
| Goodhue | $2,231 |
| Goodland | $2,183 |
| Goodridge | $2,049 |
| Goodview | $2,048 |
| Graceville | $2,243 |
| Granada | $2,147 |
| Grand Marais | $2,114 |
| Grand Meadow | $2,082 |
| Grand Portage | $2,123 |
| Grand Rapids | $2,154 |
| Grandy | $2,276 |
| Granite Falls | $2,297 |
| Grant | $2,415 |
| Grasston | $2,268 |
| Green Isle | $2,310 |
| Greenbush | $2,094 |
| Greenfield | $2,265 |
| Greenwald | $2,130 |
| Greenwood | $2,295 |
| Grey Eagle | $2,125 |
| Grove City | $2,278 |
| Grygla | $2,127 |
| Gully | $2,178 |
| Hackensack | $2,093 |
| Hallock | $2,088 |
| Halma | $2,097 |
| Halstad | $2,140 |
| Ham Lake | $2,356 |
| Hamburg | $2,304 |
| Hamel | $2,326 |
| Hampton | $2,278 |
| Hancock | $2,222 |
| Hanley Falls | $2,306 |
| Hanover | $2,244 |
| Hanska | $2,193 |
| Hardwick | $2,164 |
| Harmony | $2,048 |
| Harris | $2,332 |
| Hartland | $2,239 |
| Hastings | $2,248 |
| Hawley | $2,135 |
| Hayfield | $2,051 |
| Hayward | $2,271 |
| Hector | $2,268 |
| Henderson | $2,243 |
| Hendricks | $2,295 |
| Hendrum | $2,148 |
| Henning | $2,140 |
| Henriette | $2,295 |
| Herman | $2,154 |
| Hermantown | $2,205 |
| Heron Lake | $2,196 |
| Hewitt | $2,155 |
| Hibbing | $2,157 |
| Hill City | $2,139 |
| Hillman | $2,071 |
| Hills | $2,139 |
| Hilltop | $2,318 |
| Hinckley | $2,198 |
| Hines | $2,123 |
| Hitterdal | $2,184 |
| Hoffman | $2,163 |
| Hokah | $2,072 |
| Holdingford | $2,104 |
| Holland | $2,232 |
| Hollandale | $2,214 |
| Holloway | $2,253 |
| Holmes City | $2,170 |
| Holyoke | $2,157 |
| Hopkins | $2,265 |
| Houston | $2,049 |
| Hovland | $2,146 |
| Howard Lake | $2,265 |
| Hoyt Lakes | $2,127 |
| Hugo | $2,386 |
| Humboldt | $2,104 |
| Huntley | $2,236 |
| Hutchinson | $2,218 |
| Ihlen | $2,188 |
| Independence | $2,351 |
| International Falls | $2,131 |
| Inver Grove Heights | $2,319 |
| Iona | $2,263 |
| Iron | $2,105 |
| Ironton | $2,046 |
| Isabella | $2,087 |
| Isanti | $2,240 |
| Isle | $2,223 |
| Ivanhoe | $2,268 |
| Jackson | $2,197 |
| Jacobson | $2,156 |
| Janesville | $2,204 |
| Jasper | $2,160 |
| Jeffers | $2,265 |
| Jenkins | $2,088 |
| Jordan | $2,272 |
| Kabetogama | $2,158 |
| Kanaranzi | $2,208 |
| Kandiyohi | $2,193 |
| Karlstad | $2,091 |
| Kasota | $2,192 |
| Kasson | $2,059 |
| Keewatin | $2,165 |
| Kelliher | $2,097 |
| Kellogg | $2,113 |
| Kennedy | $2,111 |
| Kenneth | $2,166 |
| Kensington | $2,125 |
| Kent | $2,135 |
| Kenyon | $2,200 |
| Kerkhoven | $2,140 |
| Kerrick | $2,179 |
| Kettle River | $2,194 |
| Kiester | $2,302 |
| Kilkenny | $2,193 |
| Kimball | $2,139 |
| Kinney | $2,137 |
| Knife River | $2,045 |
| La Crescent | $2,073 |
| La Salle | $2,216 |
| Lafayette | $2,221 |
| Lake Benton | $2,276 |
| Lake Bronson | $2,096 |
| Lake City | $2,112 |
| Lake Crystal | $2,175 |
| Lake Elmo | $2,408 |
| Lake George | $2,102 |
| Lake Hubert | $2,107 |
| Lake Lillian | $2,151 |
| Lake Park | $2,172 |
| Lake Shore | $2,083 |
| Lake St. Croix Beach | $2,440 |
| Lake Wilson | $2,289 |
| Lakefield | $2,130 |
| Lakeland | $2,443 |
| Lakeville | $2,252 |
| Lamberton | $2,243 |
| Lancaster | $2,097 |
| Lanesboro | $2,043 |
| Laporte | $2,067 |
| Lastrup | $2,162 |
| Lauderdale | $2,295 |
| Le Center | $2,166 |
| Le Roy | $2,083 |
| Le Sueur | $2,156 |
| Lengby | $2,147 |
| Leonard | $2,129 |
| Leota | $2,221 |
| Lester Prairie | $2,258 |
| Lewiston | $2,106 |
| Lewisville | $2,201 |
| Lexington | $2,358 |
| Lilydale | $2,286 |
| Lindstrom | $2,362 |
| Lino Lakes | $2,357 |
| Lismore | $2,210 |
| Litchfield | $2,249 |
| Little Canada | $2,335 |
| Little Falls | $2,064 |
| Little Rock | $2,096 |
| Littlefork | $2,151 |
| Loman | $2,163 |
| Long Lake | $2,367 |
| Long Prairie | $2,189 |
| Longville | $2,120 |
| Lonsdale | $2,202 |
| Loretto | $2,293 |
| Lowry | $2,134 |
| Lucan | $2,304 |
| Lutsen | $2,124 |
| Luverne | $2,118 |
| Lyle | $2,109 |
| Lynd | $2,307 |
| Mabel | $2,080 |
| Madelia | $2,159 |
| Madison | $2,250 |
| Madison Lake | $2,138 |
| Magnolia | $2,163 |
| Mahnomen | $2,110 |
| Mahtomedi | $2,410 |
| Mahtowa | $2,143 |
| Makinen | $2,156 |
| Mankato | $2,190 |
| Mantorville | $2,033 |
| Maple Grove | $2,327 |
| Maple Lake | $2,265 |
| Maple Plain | $2,356 |
| Mapleton | $2,173 |
| Maplewood | $2,349 |
| Marble | $2,114 |
| Marcell | $2,222 |
| Margie | $2,164 |
| Marietta | $2,279 |
| Marine on St. Croix | $2,398 |
| Marshall | $2,265 |
| Martin Lake | $2,354 |
| Max | $2,217 |
| Mayer | $2,293 |
| Maynard | $2,264 |
| Mazeppa | $2,113 |
| McGrath | $2,216 |
| McGregor | $2,226 |
| McIntosh | $2,180 |
| Meadowlands | $2,199 |
| Medford | $2,169 |
| Medicine Lake | $2,321 |
| Medina | $2,267 |
| Melrose | $2,100 |
| Melrude | $2,176 |
| Menahga | $2,148 |
| Mendota | $2,270 |
| Mendota Heights | $2,325 |
| Mentor | $2,084 |
| Merrifield | $2,047 |
| Middle River | $2,116 |
| Milaca | $2,388 |
| Milan | $2,250 |
| Millville | $2,127 |
| Milroy | $2,259 |
| Miltona | $2,108 |
| Minneapolis | $2,388 |
| Minneota | $2,307 |
| Minnesota City | $2,130 |
| Minnesota Lake | $2,181 |
| Minnetonka | $2,281 |
| Minnetonka Beach | $2,312 |
| Minnetrista | $2,346 |
| Mizpah | $2,232 |
| Montevideo | $2,247 |
| Montgomery | $2,155 |
| Monticello | $2,245 |
| Montrose | $2,314 |
| Moorhead | $2,123 |
| Moose Lake | $2,118 |
| Mora | $2,299 |
| Morgan | $2,239 |
| Morris | $2,185 |
| Morristown | $2,190 |
| Morton | $2,275 |
| Motley | $2,061 |
| Mound | $2,315 |
| Mounds View | $2,320 |
| Mountain Iron | $2,145 |
| Mountain Lake | $2,217 |
| Murdock | $2,187 |
| Nashua | $2,140 |
| Nashwauk | $2,150 |
| Navarre | $2,295 |
| Naytahwaush | $2,156 |
| Nelson | $2,117 |
| Nerstrand | $2,184 |
| Nett Lake | $2,103 |
| Nevis | $2,063 |
| New Brighton | $2,343 |
| New Germany | $2,355 |
| New Hope | $2,337 |
| New London | $2,180 |
| New Munich | $2,146 |
| New Prague | $2,251 |
| New Richland | $2,186 |
| New Ulm | $2,171 |
| New York Mills | $2,172 |
| Newfolden | $2,029 |
| Newport | $2,362 |
| Nicollet | $2,270 |
| Nielsville | $2,157 |
| Nimrod | $2,194 |
| Nisswa | $2,048 |
| Norcross | $2,200 |
| North Branch | $2,296 |
| North Mankato | $2,244 |
| North Oaks | $2,368 |
| North St. Paul | $2,389 |
| Northfield | $2,197 |
| Northome | $2,193 |
| Northrop | $2,141 |
| Norwood | $2,301 |
| Norwood Young America | $2,273 |
| Nowthen | $2,319 |
| Noyes | $2,098 |
| Oak Grove | $2,332 |
| Oak Island | $2,036 |
| Oak Park | $2,242 |
| Oak Park Heights | $2,401 |
| Oakdale | $2,396 |
| Oakport | $2,142 |
| Odessa | $2,298 |
| Odin | $2,223 |
| Ogema | $2,141 |
| Ogilvie | $2,344 |
| Okabena | $2,133 |
| Oklee | $2,158 |
| Olivia | $2,261 |
| Onamia | $2,280 |
| Ormsby | $2,190 |
| Orono | $2,288 |
| Oronoco | $1,970 |
| Orr | $2,140 |
| Ortonville | $2,234 |
| Osage | $2,184 |
| Osakis | $2,091 |
| Oslo | $2,115 |
| Osseo | $2,311 |
| Ostrander | $2,074 |
| Otsego | $2,268 |
| Ottertail | $2,181 |
| Outing | $2,075 |
| Owatonna | $2,158 |
| Palisade | $2,210 |
| Park Rapids | $2,096 |
| Parkers Prairie | $2,093 |
| Paynesville | $2,093 |
| Pease | $2,291 |
| Pelican Rapids | $2,201 |
| Pemberton | $2,129 |
| Pengilly | $2,152 |
| Pennington | $2,116 |
| Pennock | $2,146 |
| Pequot Lakes | $2,057 |
| Perham | $2,166 |
| Perley | $2,168 |
| Peterson | $2,061 |
| Pierz | $2,126 |
| Pillager | $2,101 |
| Pine City | $2,259 |
| Pine Island | $2,083 |
| Pine River | $2,092 |
| Pipestone | $2,197 |
| Plainview | $2,108 |
| Plato | $2,274 |
| Plummer | $2,154 |
| Plymouth | $2,303 |
| Ponemah | $2,132 |
| Ponsford | $2,154 |
| Porter | $2,310 |
| Preston | $2,049 |
| Princeton | $2,316 |
| Prinsburg | $2,186 |
| Prior Lake | $2,234 |
| Proctor | $2,188 |
| Puposky | $2,115 |
| Racine | $2,075 |
| Ramsey | $2,323 |
| Randall | $2,076 |
| Randolph | $2,258 |
| Ranier | $2,118 |
| Raymond | $2,146 |
| Reading | $2,246 |
| Reads Landing | $2,115 |
| Red Lake Falls | $2,102 |
| Red Wing | $2,223 |
| Redby | $2,107 |
| Redlake | $2,057 |
| Redwood Falls | $2,243 |
| Remer | $2,091 |
| Renville | $2,257 |
| Revere | $2,266 |
| Rice | $2,171 |
| Richfield | $2,268 |
| Richmond | $2,085 |
| Richville | $2,196 |
| Richwood | $2,161 |
| Robbinsdale | $2,320 |
| Rochert | $2,144 |
| Rochester | $1,960 |
| Rock Creek | $2,253 |
| Rockford | $2,259 |
| Rockville | $2,052 |
| Rogers | $2,293 |
| Rollingstone | $2,059 |
| Roosevelt | $2,104 |
| Roscoe | $2,126 |
| Rose Creek | $2,106 |
| Roseau | $2,085 |
| Rosemount | $2,247 |
| Roseville | $2,313 |
| Rothsay | $2,131 |
| Round Lake | $2,175 |
| Royalton | $2,103 |
| Rush City | $2,438 |
| Rushford | $2,037 |
| Rushford Village | $2,037 |
| Rushmore | $2,192 |
| Russell | $2,303 |
| Ruthton | $2,258 |
| Sabin | $2,165 |
| Sacred Heart | $2,295 |
| Saginaw | $2,141 |
| Salol | $2,119 |
| Sanborn | $2,246 |
| Sandstone | $2,210 |
| Santiago | $2,341 |
| Sargeant | $2,112 |
| Sartell | $2,105 |
| Sauk Centre | $2,127 |
| Sauk Rapids | $2,156 |
| Savage | $2,203 |
| Sawyer | $2,207 |
| Scandia | $2,382 |
| Scanlon | $2,179 |
| Schroeder | $2,120 |
| Seaforth | $2,306 |
| Searles | $2,202 |
| Sebeka | $2,166 |
| Shafer | $2,346 |
| Shakopee | $2,231 |
| Shelly | $2,139 |
| Sherburn | $2,144 |
| Shevlin | $2,140 |
| Shoreview | $2,358 |
| Shorewood | $2,307 |
| Side Lake | $2,137 |
| Silver Bay | $2,049 |
| Silver Creek | $2,318 |
| Silver Lake | $2,206 |
| Slayton | $2,245 |
| Sleepy Eye | $2,175 |
| Solway | $2,108 |
| Soudan | $2,140 |
| South Haven | $2,215 |
| South International Falls | $2,135 |
| South St. Paul | $2,335 |
| Spicer | $2,221 |
| Spring Grove | $2,053 |
| Spring Lake | $2,204 |
| Spring Lake Park | $2,339 |
| Spring Park | $2,367 |
| Spring Valley | $2,057 |
| Springfield | $2,228 |
| Squaw Lake | $2,209 |
| St. Anthony | $2,334 |
| St. Augusta | $2,085 |
| St. Bonifacius | $2,352 |
| St. Charles | $2,118 |
| St. Clair | $2,175 |
| St. Cloud | $2,181 |
| St. Francis | $2,304 |
| St. Hilaire | $2,042 |
| St. James | $2,215 |
| St. Joseph | $2,122 |
| St. Louis Park | $2,303 |
| St. Marys Point | $2,440 |
| St. Michael | $2,295 |
| St. Paul | $2,357 |
| St. Paul Park | $2,360 |
| St. Peter | $2,250 |
| St. Rosa | $2,135 |
| St. Stephen | $2,043 |
| St. Vincent | $2,102 |
| Stacy | $2,331 |
| Stanchfield | $2,291 |
| Staples | $2,149 |
| Starbuck | $2,132 |
| Steen | $2,170 |
| Stephen | $2,021 |
| Stewart | $2,254 |
| Stewartville | $1,971 |
| Stillwater | $2,370 |
| Stockton | $2,096 |
| Storden | $2,272 |
| Strandquist | $2,066 |
| Strathcona | $2,105 |
| Sturgeon Lake | $2,251 |
| Sunburg | $2,197 |
| Sunfish Lake | $2,342 |
| Swan River | $2,166 |
| Swanville | $2,119 |
| Swatara | $2,061 |
| Swift | $2,178 |
| Taconite | $2,163 |
| Talmoon | $2,179 |
| Tamarack | $2,239 |
| Taopi | $2,150 |
| Taunton | $2,272 |
| Taylors Falls | $2,360 |
| Tenstrike | $2,120 |
| The Lakes | $2,277 |
| Thief River Falls | $2,022 |
| Tintah | $2,191 |
| Tofte | $2,120 |
| Tonka Bay | $2,267 |
| Tower | $2,150 |
| Tracy | $2,254 |
| Trail | $2,175 |
| Trimont | $2,096 |
| Truman | $2,145 |
| Twig | $2,171 |
| Twin Lakes | $2,322 |
| Twin Valley | $2,112 |
| Two Harbors | $2,062 |
| Tyler | $2,327 |
| Ulen | $2,172 |
| Underwood | $2,183 |
| Upsala | $2,126 |
| Utica | $2,060 |
| Vadnais Heights | $2,403 |
| Vergas | $2,188 |
| Verndale | $2,170 |
| Vernon Center | $2,179 |
| Vesta | $2,316 |
| Victoria | $2,221 |
| Viking | $2,041 |
| Villard | $2,169 |
| Vining | $2,123 |
| Virginia | $2,158 |
| Wabasha | $2,089 |
| Wabasso | $2,303 |
| Waconia | $2,234 |
| Wadena | $2,125 |
| Wahkon | $2,236 |
| Waite Park | $2,053 |
| Waldorf | $2,179 |
| Walker | $2,042 |
| Walnut Grove | $2,255 |
| Waltham | $2,122 |
| Wanamingo | $2,168 |
| Wanda | $2,301 |
| Wannaska | $2,104 |
| Warba | $2,164 |
| Warren | $2,102 |
| Warroad | $2,087 |
| Warsaw | $2,243 |
| Waseca | $2,209 |
| Waskish | $2,129 |
| Watertown | $2,279 |
| Waterville | $2,184 |
| Watkins | $2,185 |
| Watson | $2,283 |
| Waubun | $2,161 |
| Waverly | $2,274 |
| Wayzata | $2,318 |
| Webster | $2,251 |
| Welch | $2,260 |
| Welcome | $2,139 |
| Wells | $2,297 |
| Wendell | $2,184 |
| West Concord | $2,002 |
| West St. Paul | $2,343 |
| West Union | $2,113 |
| Westbrook | $2,205 |
| Wheaton | $2,171 |
| White Bear Lake | $2,368 |
| Willernie | $2,328 |
| Williams | $2,094 |
| Willmar | $2,132 |
| Willow River | $2,226 |
| Wilmont | $2,229 |
| Windom | $2,251 |
| Winger | $2,102 |
| Winnebago | $2,188 |
| Winona | $2,014 |
| Winsted | $2,276 |
| Winthrop | $2,254 |
| Winton | $2,133 |
| Wirt | $2,218 |
| Wolverton | $2,136 |
| Wood Lake | $2,343 |
| Woodbury | $2,328 |
| Woodland | $2,295 |
| Woodstock | $2,228 |
| Worthington | $2,173 |
| Wrenshall | $2,169 |
| Wright | $2,220 |
| Wykoff | $2,045 |
| Wyoming | $2,327 |
| Young America | $2,273 |
| Zimmerman | $2,322 |
| Zumbro Falls | $2,117 |
| Zumbrota | $2,167 |
Home and auto insurance bundling in Minnesota
How can you get low-cost homeowners insurance in Minnesota? One way is to bundle your homeowners and auto insurance policies.
| Average annual rate (without bundling) | Average annual rate (with bundling) | Yearly savings (in $) | Yearly savings (in percent) |
|---|---|---|---|
| $1,890 | $1,722 | $168 | 8.89% |
Home insurance discounts in Minnesota
Using the discounts provided by your insurance company can lower your Minnesota homeowners insurance rates. But always ensure to check which discounts you qualify for.
| Insurer | Bundling Discounts | Loyalty Discounts | Military Discounts | New Home Credit Discounts | Claim-Free Discounts | Protective Devices Discounts |
|---|---|---|---|---|---|---|
| Farmers | ✓ | ✓ | - | ✓ | ✓ | ✓ |
| Allstate | ✓ | ✓ | - | ✓ | ✓ | - |
| State Farm | ✓ | - | - | - | ✓ | ✓ |
| USAA | ✓ | ✓ | ✓ | - | ✓ | ✓ |
| Nationwide | ✓ | - | - | ✓ | ✓ | ✓ |
| Liberty Mutual | ✓ | - | - | - | - | - |
| Progressive | ✓ | - | - | ✓ | - | ✓ |
| Amica | ✓ | - | - | ✓ | ✓ | ✓ |
| Chubb | ✓ | - | - | ✓ | ✓ | ✓ |
| American Family | ✓ | ✓ | - | ✓ | - | ✓ |
Comparing common features across top companies
Are you trying to buy the best home insurance in Minnesota? Then check whether your insurer offers these features.
| Insurer | Identity Theft Protection | Valuable Possessions | Water Backup | Other Structures Coverage | Dwelling /Personal Property Replacement |
|---|---|---|---|---|---|
| Farmers | Optional | ✓ | No | Optional | Optional |
| Allstate | Optional | Optional | Optional | ✓ | Optional |
| State Farm | Optional | Optional | Optional | ✓ | Optional |
| USAA | ✓ | Optional | No | ✓ | ✓ |
| Nationwide | Optional | Optional | Optional | ✓ | Optional |
| Liberty Mutual | Optional | Optional | Optional | ✓ | Optional |
| Progressive | No | Optional | Optional | ✓ | ✓ |
| Amica | Optional | Optional | Optional | ✓ | Optional |
| Chubb | Optional | Optional | ✓ | ✓ | ✓ |
| American Family | ✓ | Optional | Optional | ✓ | No |
Common causes of home insurance claims in Minnesota
These are a few reasons that lead to home insurance claims in the state.
- Hail storms: Summer storms are regular in Minnesota. Along with rain and winds, they may also bring hail. Hail can damage your roof and siding.
- Blizzards: Minnesota gets between 36 and 70 inches of snow every winter. Blizzards and snow storms can cause significant damage to your home, especially if your pipes freeze. Heavy snow accumulating on the roof for longer periods can pose additional risks.
- Flooding: Flooding occurs in the state as the snow melts. It can also happen after or during a summer rainstorm. Floods can damage your home's foundation, personal belongings, and electrical system.
Does homeowners insurance cover flooding in Minnesota?
Flood damage doesn’t get coverage from a standard home insurance policy. So you must buy flood insurance via the National Flood Insurance Program (NFIP) of FEMA or a private insurer to cover flood damage. The coverage from private flood insurers may differ; however, NFIP flood insurance offers the following coverage.
- Your home's structure - $250,000
- Personal property - $100,000
Factors that affect home insurance rates in Minnesota
Do you want to buy the cheapest home insurance in Minnesota? Then check for these factors before buying one.
- Your location: Your ZIP Code and the theft rate in your area can affect the Minnesota homeowners insurance rate.
- Replacement cost: The cost of home insurance in Minnesota may differ based on local labor and construction material rates.
- Age/condition: Older properties are costlier to insure.
- Claims history: If you often submit claims, insurers view you as a risk. So your insurance premiums will go high.
- Credit history: Most insurance companies will check your credit score before providing you with insurance coverage. If your credit score is poor, the rate of MN home insurance will increase.
- Dog breed: Many insurance companies consider certain dog breeds 'dangerous.' If your insurer sees your dog this way, the rate of MN home insurance will surge.
Tips for buying homeowners insurance
Are you looking to find the best homeowners insurance in MN? Then follow these tips!
- Assess your rebuilding costs: Consult a reputed builder or an insurance agent to check how much it would cost to rebuild your house with affordable building supplies and local labor.
- Review the advantage of replacement cost over actual cash value: You may purchase replacement cost insurance for your home and other belongings.
- Consider add-on coverage for your expensive items: If you own costly items like musical instruments, high-end electronics, sporting equipment, or old antiques, you must have personal property coverage.
- Evaluate your liability coverage needs: Calculate your required minimum liability insurance.
- Assess coverage gaps: Many insurers offer higher coverage limits for landscaping elements like trees and bushes.
- Check financial ratings: Most insurers will get ratings from firms like AM Best and Standard & Poor's. For instance, some firms won't let you apply for a mortgage if your insurance company doesn't have a minimum 'A' financial strength rating.
- Check for discounts: Ensure to use all the discounts the insurer offers.
- Compare quotes from various insurance companies: Minnesota homeowners insurance premiums may differ based on the insurer. To get the best homeowners insurance in Minnesota, you must compare quotes from several insurers.
How to get Minnesota home insurance with Way.com
MN home insurance costs around $1,890 annually. Since the average rate is slightly higher, you must seek a cheaper insurance policy. But how’s that possible? That’s where Way.com can help you!
You must use our website or app to gather quotes from all insurers in the state. Then you must compare these quotes and buy a policy with the lowest rate. Do you want extra help? Then our insurance agents in the state can help you. They will explain Minnesota home insurance laws, the most complicated insurance terms, discounts, and coverages.
FAQs
What is the average cost of homeowners insurance in Minnesota?
The average home insurance cost in MN comes to around $1,890 yearly.
Is it mandatory to buy home insurance in the US?
The law doesn’t mandate buying one. But if you have a mortgage on your home, your lender will require you to have home insurance until you pay off the loan. Lenders have the legal right to demand that borrowers have insurance covering the mortgage amount.
Is insurance expensive in Minnesota?
The insurance rate is almost on par with the national average rate. The average home insurance cost in MN is higher than in many states in the US. You can always get cheaper insurance if you get quotes from all the insurers, compare, and buy one.
Is home insurance required when you own a house in Minnesota?
The law doesn’t mandate buying a homeowners insurance in Minnesota. However, your mortgage company will almost certainly require it to get a loan.
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