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Best Rated MN Home Insurance: Cost & Ratings

Author: Data Team

The MFP’s Community Home Insurance Survey uses Minnesota homeowners opinions and recommendations for home insurers, agents, and brokers. It also display premiums by home values and deductibles in the state and its main cities.

 

Shopping for home insurance can be complicated and we gathered this data to help your choice.

 

Updated: January 8, 2026

 
 

<< Human Powered Recommendations from Minnesota’s Own Homeowners >>

 

 
 

Minnesota Best Insurance Companies

 

MFP’s Community Home Insurance Survey most recommended home insurers in Minnesota are Amica, State Farm, and USAA.

 
 
Insurer Coverage Customer Experience Cost Ease of Use Recommend %
Amica 5 5 4 4 92%
State Farm 4 4 5 5 89%
USAA 5 5 4 4 95%
Allstate 4 3 4 4 85%
Auto-Owners 4 4 3 3 88%
Chubb 5 5 3 2 90%
Farmers 4 3 4 4 82%
Nationwide 4 4 4 4 84%
Travelers 4 3 4 4 81%
Liberty Mutual 3 3 5 5 80%
 
 
 

Minnesota average home insurance for a $1,000 deductible:

 
  • Minnesota average premiums for a $300K Home is $1,792 (while it’s $1,568 nationally).
  • Minnesota average premiums for a $400K Home is $2,413. It’s $2,088 nationally.
  • Minnesota average premiums for a $600K Home is $3,424 (and it’s $2,906 nationally).
 
 
 

Best Insurance in Minnesota’s cities

 
 
 

Minneapolis, Saint Paul, Rochester, Bloomington, Duluth, Brooklyn Park, Plymouth, Woodbury, Maple Grove, St Cloud

 

Recommendations are gathered from 3,128 local Minnesotan members who got a quote, filed a claim or got new home insurance in the past 12 months. We survey cost, customer experience, coverage and ease of use,  plus if homeowners recommend the insurer, agent or broker:

 

  • Coverage (0 to 5): Are you satisfied with the insurance coverage offered? Do you consider your belongings are adequately insured for various events? Are you satisfied with the available options?
  • Customer Experience: Are you happy with the quality of service and communication during and after your quote? Or claim handling? A good score here reflects friendly, knowledgeable agents, prompt responses, and a transparent, supportive claims process.
  • Ease of Use (0 to 5): Are the policy documents clear?  Is it simple to apply for your policy? If you did, was the claim filing process (through an app or website) easy?
  • Cost (0 to 5): Considering the coverage and deductible you’re (or you’ll be) paying, do you feel you’re getting good value with your insurance? Is the pricing transparent with no hidden fees? Are discounts readily available and applied?
  • Recommendation (yes/no): Do you recommend this insurer, agent or broker after going through the process?
 
 
 

More Information for Minnesota Homeowners:

Home Insurance Quotes

Home Insurance Basics

How Much Home Coverage Do You Need?

Home Insurance Coverage Add-ons You May Need

Home Insurance Shopping: How to Save Money

Minnesota Mortgage & Rates

Minnesota Best Mortgage Lenders from Community Recommendations

Minnesota Best Refinance Lenders from Community Recommendations

More Resources for Minnesota Homeowners.

 
 
 

Minneapolis Home Insurance Costs

 

Compare Minneapolis 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

In Minneapolis, the average annual insurance cost for a $300K home with a $500 deductible is $1,902. Choosing a $2,000 deductible instead of $500 can lower annual cost by 18.7% in Minneapolis for a $300K home.

 

Minneapolis’s $600K home insurance cost is 1.0% higher than the Minnesota average of $3,625. The Minneapolis average annual cost for a $600K home with a $500 deductible is $3,660.

 

In Minneapolis, the average annual cost for a $800K Home with a $500 deductible is $4,576. Its cost is 17.0% lower than the Minnesota average of $5,515.

 
Annual Insurance Costs by Home Value and Deductible — Minneapolis (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000 $10,000
$100K Home $680 $631 $590 $553 $464 $400
$200K Home $1,261 $1,170 $1,093 $1,025 $861 $741
$300K Home $1,902 $1,766 $1,649 $1,547 $1,299 $1,118
$400K Home $2,574 $2,390 $2,232 $2,094 $1,758 $1,513
$600K Home $3,660 $3,399 $3,173 $2,977 $2,500 $2,152
$800K Home $4,576 $4,249 $3,967 $3,722 $3,125 $2,690
$1M Home $5,308 $4,928 $4,602 $4,317 $3,625 $3,120
 
 

Minneapolis Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Minneapolis’s area are Amica, State Farm, and USAA.

 
  • Amica (92%): Homeowners praise their excellent customer service and comprehensive coverage options.
  • State Farm (89%): Users highlight the ease of claims processing and local agent support.
  • USAA (95%): Members appreciate the military-focused perks and seamless online policy management.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
USAA Insurer 5 5 4 4 95%
Amica Insurer 5 5 4 4 92%
State Farm Agents 4 4 5 5 89%
Auto-Owners Insurer 4 4 3 3 88%
Allstate Agents 4 3 4 4 85%
Nationwide Agents 4 4 4 4 84%
Farmers Agents 4 3 4 4 82%
Travelers Insurer 4 3 4 4 81%
Liberty Mutual Agents 3 3 5 5 80%
Western National Insurance Broker 4 4 3 3 78%
 

See also:

Minneapolis Best Refinance Lenders

Minneapolis Best Home Loan Lenders

 
 
 

St Paul Home Insurance Costs

 

Compare St Paul 2026 annual home insurance cost across different home values and deductibles. All costs assume standard coverage levels.

 

In St Paul, the average annual insurance cost for a $300K home with a $500 deductible is $1,822. Choosing a $2,000 deductible instead of $500 can lower annual cost by 18.6% in St Paul for a $300K home.

 

St Paul’s $600K home insurance cost is 7.3% lower than the Minnesota average of $1,625. The St Paul average annual cost for a $600K home with a $500 deductible is $3,513.

 
Annual Insurance Costs by Home Value and Deductible — St paul (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $651 $605 $566 $530 $447
$200K Home $1,206 $1,119 $1,047 $982 $827
$300K Home $1,822 $1,691 $1,582 $1,483 $1,249
$400K Home $2,476 $2,298 $2,149 $2,015 $1,697
$400K Home $3,513 $3,260 $3,050 $2,859 $2,408
 
 

Saint Paul Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Saint Paul’s area are Amica, State Farm, and Auto-Owners.

 
  • Amica (91%): Homeowners commend their responsive claims handling and policy flexibility.
  • State Farm (88%): Users value the local agent network and bundling discounts.
  • Auto-Owners (87%): Members report satisfaction with their specialized coverage for older homes.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
Amica Insurer 5 5 4 4 91%
State Farm Agents 4 4 5 5 88%
Auto-Owners Insurer 4 4 3 3 87%
USAA Insurer 5 5 4 4 86%
Allstate Agents 4 3 4 4 84%
Nationwide Agents 4 4 4 4 83%
Farmers Agents 4 3 4 4 81%
Travelers Insurer 4 3 4 4 80%
Liberty Mutual Agents 3 3 5 5 79%
North Star Mutual Insurance Broker 4 4 3 3 77%
 

See also:

Saint Paul Best Refinance Lenders

Saint Paul Best Home Loan Lenders

 
 
 

Rochester Home Insurance Costs

 

Compare Rochester 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

Rochester average annual cost for a $300K home with a $500 deductible is $1,765. Choosing a $2,000 deductible instead of $500 can lower annual cost by 9.6% in Rochester for a $300K home.

 

Rochester’s $600K home insurance cost is 7.3% lower than the Minnesota average of $3,625. The Rochester average annual cost for a $600K home with a $500 deductible is $3,359.

 
Annual Insurance Costs by Home Value and Deductible — Rochester (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $629 $601 $585 $569 $537
$200K Home $1,168 $1,116 $1,085 $1,055 $996
$300K Home $1,765 $1,686 $1,640 $1,595 $1,505
$400K Home $2,373 $2,267 $2,205 $2,144 $2,023
$600K Home $3,359 $3,209 $3,121 $3,036 $2,865
 
 

Rochester Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Rochester’s area are State Farm, Amica, and USAA.

 
  • State Farm (90%): Homeowners appreciate the agent accessibility and hail damage coverage.
  • Amica (88%): Users highlight their no-hassle claims process and dividend policies.
  • USAA (93%): Members note exceptional service for military families and flood insurance assistance.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
USAA Insurer 5 5 4 4 93%
State Farm Agents 4 4 5 5 90%
Amica Insurer 5 5 4 4 88%
Auto-Owners Insurer 4 4 3 3 85%
Allstate Agents 4 3 4 4 83%
Nationwide Agents 4 4 4 4 82%
Farmers Agents 4 3 4 4 80%
Travelers Insurer 4 3 4 4 79%
Liberty Mutual Agents 3 3 5 5 78%
Great Northwest Insurance Broker 4 4 3 3 76%
 

See also:

Rochester Best Refinance Lenders

Rochester Best Home Loan Lenders

 
 
 

Bloomington Home Insurance Costs

 

Compare Bloomington 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

In Bloomington, the average annual insurance cost for a $300K home with a $500 deductible is $2,720. Choosing a $2,000 deductible instead of $500 can lower annual cost by 9.6% in Bloomington for a $300K home.

 

Bloomington’s $600K home insurance cost is 42.5% higher than the Minnesota average of $3,625. The Bloomington average annual cost for a $600K home with a $500 deductible is $5,164.

 

Bloomington’s $800K home insurance cost is 17.0% higher than the Minnesota average of $5,515. The Bloomington average annual cost for a $800K Home with a $500 deductible is $6,454.

 
Annual Insurance Costs by Home Value and Deductible — Bloomington (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000 $10,000
$100K Home $971 $928 $903 $878 $832 $377
$200K Home $1,799 $1,719 $1,674 $1,627 $1,541 $699
$300K Home $2,720 $2,599 $2,530 $2,460 $2,330 $1,056
$400K Home $3,649 $3,487 $3,394 $3,300 $3,126 $1,417
$600K Home $5,164 $4,934 $4,803 $4,670 $4,423 $2,005
$800K Home $6,454 $6,167 $6,003 $5,837 $5,529 $2,506
$1M Home $7,487 $7,154 $6,964 $6,771 $6,414 $2,907
 
 

Bloomington Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Bloomington’s area are USAA, Amica, and State Farm.

 
  • USAA (94%): Members report seamless online tools and identity theft coverage.
  • Amica (89%): Homeowners value their Platinum Choice add-ons and responsiveness.
  • State Farm (86%): Users praise the local agent network and bundling discounts.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
USAA Insurer 5 5 4 4 94%
Amica Insurer 5 5 4 4 89%
State Farm Agents 4 4 5 5 86%
Auto-Owners Insurer 4 4 3 3 84%
Allstate Agents 4 3 4 4 82%
Nationwide Agents 4 4 4 4 81%
Farmers Agents 4 3 4 4 79%
Travelers Insurer 4 3 4 4 78%
Liberty Mutual Agents 3 3 5 5 77%
Stein Insurance Agency Broker 4 4 3 3 75%
 

Bloomington Best Refinance Lenders

Bloomington Best Home Loan Lenders

 
 
 

Duluth Home Insurance Costs

 

Compare Duluth 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

Duluth average annual cost for a $300K home with a $500 deductible is $2,267. Choosing a $2,000 deductible instead of $500 can lower annual cost by 11.1% in Duluth for a $300K home.

 

Duluth’s $600K home insurance cost is 19.8% higher than the Minnesota average of $3,625. The Duluth average annual cost for a $600K home with a $500 deductible is $4,342.

 
Annual Insurance Costs by Home Value and Deductible — Duluth (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $807 $763 $740 $717 $673
$200K Home $1,506 $1,425 $1,382 $1,339 $1,256
$300K Home $2,267 $2,145 $2,080 $2,015 $1,890
$400K Home $3,043 $2,879 $2,792 $2,705 $2,537
$600K Home $4,342 $4,108 $3,984 $3,859 $3,620
 
 

Duluth Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Duluth’s area are Amica, State Farm, and Auto-Owners.

 
  • Amica (90%): Homeowners commend their storm damage response and dividend policies.
  • State Farm (87%): Users highlight agent support for lakefront property coverage.
  • Auto-Owners (85%): Members report satisfaction with their seasonal home options.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
Amica Insurer 5 5 4 4 90%
State Farm Agents 4 4 5 5 87%
Auto-Owners Insurer 4 4 3 3 85%
USAA Insurer 5 5 4 4 84%
Allstate Agents 4 3 4 4 81%
Nationwide Agents 4 4 4 4 80%
Farmers Agents 4 3 4 4 78%
Travelers Insurer 4 3 4 4 77%
Liberty Mutual Agents 3 3 5 5 76%
Great Lakes Insurance Broker 4 4 3 3 74%
 

See also:

Duluth Best Refinance Lenders

Duluth Best Home Loan Lenders

 
 
 

Brooklyn Park Home Insurance Costs

 

Compare Brooklyn Park 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

In Brooklyn Park, the average annual insurance cost for a $300K home with a $500 deductible is $1,552. Choosing a $2,000 deductible instead of $500 can lower annual cost by 11.7% in Brooklyn Park for a $300K home.

 

Brooklyn Park’s $600K home insurance cost is 17.9% lower than the Minnesota average of $3,625. The Brooklyn Park average annual cost for a $600K home with a $500 deductible is $2,975.

 
Annual Insurance Costs by Home Value and Deductible — Brooklyn Park (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $557 $531 $512 $492 $459
$200K Home $1,030 $981 $945 $909 $849
$300K Home $1,552 $1,478 $1,425 $1,370 $1,280
$400K Home $2,094 $1,994 $1,923 $1,849 $1,727
$600K Home $2,975 $2,833 $2,731 $2,626 $2,453
 
 

Brooklyn Park Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Brooklyn Park’s area are State Farm, Amica, and Nationwide.

 
  • State Farm (88%): Homeowners value their quick claims processing and local agent support.
  • Amica (86%): Users praise their customizable policies and responsive customer service.
  • Nationwide (83%): Members appreciate their smart home device discounts and online tools.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
State Farm Agents 4 4 5 5 88%
Amica Insurer 5 5 4 4 86%
Nationwide Agents 4 4 4 4 83%
Allstate Agents 4 3 4 4 80%
Liberty Mutual Agents 3 3 5 5 78%
 

See also:

Brooklyn Park Best Refinance Lenders

Brooklyn Park Best Home Loan Lenders

 
 
 

Plymouth Home Insurance Costs

 

Compare Plymouth 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

In Plymouth, the average annual insurance cost for a $300K home with a $500 deductible is $1,915. Choosing a $2,000 deductible instead of $500 can lower annual cost by 11.5% in Plymouth for a $300K home.

 

Plymouth’s $600K home insurance cost is 1.0% higher than the Minnesota average of $3,625. The Plymouth average annual cost for a $600K home with a $500 deductible is $3,662.

 
Annual Insurance Costs by Home Value and Deductible — Plymouth (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $690 $658 $634 $611 $579
$200K Home $1,273 $1,212 $1,170 $1,126 $1,067
$300K Home $1,915 $1,824 $1,760 $1,695 $1,605
$400K Home $2,581 $2,459 $2,372 $2,285 $2,163
$600K Home $3,662 $3,488 $3,366 $3,241 $3,069
 
 

Plymouth Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Plymouth’s area are Amica, USAA, and State Farm.

 
  • Amica (91%): Homeowners commend their dividend policies and hail damage coverage.
  • USAA (89%): Members highlight their military benefits and flood insurance assistance.
  • State Farm (85%): Users appreciate the local agent network and bundling options.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
Amica Insurer 5 5 4 4 91%
USAA Insurer 5 5 4 4 89%
State Farm Agents 4 4 5 5 85%
Auto-Owners Insurer 4 4 3 3 83%
Nationwide Agents 4 4 4 4 81%
 

See also:

Plymouth Best Refinance Lenders

Plymouth Best Home Loan Lenders

 
 
 

Woodbury Home Insurance Costs

 

Compare Woodbury 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

In Woodbury, the average annual insurance cost for a $300K home with a $500 deductible is $1,575. Choosing a $2,000 deductible instead of $500 can lower annual cost by 11.7% in Woodbury for a $300K home.

 

Woodbury’s $600K home insurance cost is 17.6% lower than the Minnesota average of $3,625. The Woodbury average annual cost for a $600K home with a $500 deductible is $2,985.

 
Annual Insurance Costs by Home Value and Deductible — Woodbury (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $564 $537 $518 $498 $466
$200K Home $1,044 $994 $958 $921 $861
$300K Home $1,575 $1,500 $1,445 $1,390 $1,300
$400K Home $2,111 $2,010 $1,937 $1,863 $1,742
$600K Home $2,985 $2,843 $2,739 $2,635 $2,464
 
 

Woodbury Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Woodbury’s area are State Farm, Amica, and Allstate.

 
  • State Farm (89%): Homeowners report satisfaction with their RateGuard claim forgiveness.
  • Amica (87%): Users praise their water backup coverage and online claims portal.
  • Allstate (82%): Members value the local agent accessibility and bundling discounts.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
State Farm Agents 4 4 5 5 89%
Amica Insurer 5 5 4 4 87%
Allstate Agents 4 3 4 4 82%
Nationwide Agents 4 4 4 4 80%
Liberty Mutual Agents 3 3 5 5 78%
 

See also:

Woodbury Best Refinance Lenders

Woodbury Best Home Loan Lenders

 
 
 

Maple Grove Home Insurance Costs

 

Compare Maple Grove 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

In Maple Grove, the average annual insurance cost for a $300K home with a $500 deductible is $2,410. Choosing a $2,000 deductible instead of $500 can lower annual cost by 10.2% in Maple Grove for a $300K home.

 

Maple Grove’s $600K home insurance cost is 26.5% higher than the Minnesota average of $3,625. The Maple Grove average annual cost for a $600K home with a $500 deductible is $4,586.

 
Annual Insurance Costs by Home Value and Deductible — Maple Grove (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $862 $821 $797 $774 $733
$200K Home $1,599 $1,524 $1,480 $1,437 $1,360
$300K Home $2,410 $2,296 $2,230 $2,165 $2,050
$400K Home $3,243 $3,089 $3,000 $2,913 $2,758
$600K Home $4,586 $4,369 $4,244 $4,120 $3,901
 
 

Maple Grove Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in Maple Grove’s area are USAA, Amica, and State Farm.

 
  • USAA (93%): Members highlight their identity theft protection and military-focused service.
  • Amica (88%): Homeowners commend their Platinum Choice add-ons and dividend returns.
  • State Farm (85%): Users appreciate the local agent support and inflation guard riders.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
USAA Insurer 5 5 4 4 93%
Amica Insurer 5 5 4 4 88%
State Farm Agents 4 4 5 5 85%
Auto-Owners Insurer 4 4 3 3 83%
Nationwide Agents 4 4 4 4 81%
 

See also:

Maple Grove Best Refinance Lenders

Maple Grove Best Home Loan Lenders

 
 
 

St Cloud Home Insurance Costs

 

Compare St Cloud 2026 annual home insurance cost across different home values and deductibles. All cost assume standard coverage levels.

 

St Cloud average annual cost for a $300K home with a $500 deductible is $983. Choosing a $2,000 deductible instead of $500 can lower annual cost by 10.8% in St Cloud for a $300K home.

 

St Cloud’s $600K home insurance cost is 47.9% lower than the Minnesota average of $3,625. The St Cloud average annual cost for a $600K home with a $500 deductible is $1,888.

 
Annual Insurance Costs by Home Value and Deductible — St Cloud (2026)
  Deductible
Home Value $500 $1,000 $1,500 $2,000 $5,000
$100K Home $349 $333 $322 $312 $291
$200K Home $650 $619 $600 $580 $541
$300K Home $983 $936 $907 $877 $818
$400K Home $1,323 $1,259 $1,220 $1,180 $1,101
$600K Home $1,888 $1,798 $1,742 $1,685 $1,571
 
 

St Cloud Best Home Insurance

 
 

MFP’s Home Insurance Survey most recommended insurers and brokers in St Cloud’s area are State Farm, Auto-Owners, and Amica.

 
  • State Farm (87%): Homeowners value their windstorm mitigation discounts and agent network.
  • Auto-Owners (84%): Users report satisfaction with their farm property endorsements.
  • Amica (82%): Members praise their sump overflow coverage and claims responsiveness.
 
Name Type Coverage Client Experience Ease of Use Cost Recommend %
State Farm Agents 4 4 5 5 87%
Auto-Owners Insurer 4 4 3 3 84%
Amica Insurer 5 5 4 4 82%
Allstate Agents 4 3 4 4 79%
North Star Mutual Insurance Broker 4 4 3 3 76%
 

See also:

St Cloud Best Refinance Lenders

St Cloud Best Home Loan Lenders

 
 
 
 

Main Home Insurance Cost Factors in Minnesota

 
 
 

Weather Risks

 

Minnesota’s home insurance costs are heavily influenced by its challenging weather patterns. Winters bring heavy snowfall and ice, leading to risks of roof collapse and ice dam formation. Spring and summer storms can produce hail, strong winds, and even tornadoes, which drive up claim frequencies and raise premiums. Areas like Minneapolis and Duluth often see higher costs due to severe hailstorm histories, while regions in southern Minnesota are more vulnerable to tornado damage. Insurers factor in these risks when setting rates, meaning that homes in high-risk weather zones will generally have higher premiums.

 
 
 

Home Age

 

Older homes in Minnesota can be significantly more expensive to insure due to outdated electrical systems, plumbing, and roofing materials. Historic properties in cities like St. Paul or Stillwater often cost more to repair and may require custom materials. In contrast, newer homes built with modern building codes and weather-resistant materials tend to have lower premiums. Cold-weather durability is also a key factor — newer builds often incorporate better insulation and ice-dam prevention features.

 
Home Age Typical Cost Change
0–5 years 15% to 25% less
6–10 years 15% to 5% less
11–20 years 0%
21–30 years 10% to 20% more
31–40 years 25% to 40% more
41–60 years 45% to 65% more
60+ years 70% to 100% more
 

In Minnesota, the upper end of these increases often applies for older homes that have not undergone major updates to roofs or heating systems. The freeze–thaw cycle common in the state accelerates wear on older structures, which further raises insurance risk and cost.

 
 
 

Credit Score

 

Credit score is a major factor in Minnesota home insurance pricing. Insurers often use credit-based insurance scores to assess risk, and those with lower scores tend to pay much higher premiums. This is based on statistical correlations between credit history and claims likelihood. While the gap between Excellent and Poor credit tiers can be wide, maintaining at least a Good rating can substantially reduce your yearly costs.

 
Credit Score Typical Cost Change
Excellent 0%
Good 20% more
Average 40% more
Poor 100% to 170% more
 

In Minnesota, the jump from Good to Poor can be particularly steep in rural areas where fewer insurance providers compete, giving less room for negotiation.

 
 
 

Location within Minnesota

 

Location plays a key role in Minnesota’s home insurance costs. Homes in the Twin Cities metro, such as Minneapolis or St. Paul, may face higher rates due to population density, higher property values, and more severe weather events. Meanwhile, lakefront properties in areas like Brainerd or Alexandria may require additional coverage for water-related risks. Rural homes might enjoy lower base rates but can face increased costs if far from fire stations or emergency services.

 
 
 

Best Home Insurance Discounts in Minnesota

 
  • Multi-policy discount – Bundling home and auto insurance with the same provider can save 15%–25%.
  • Claims-free discount – Rewards homeowners who haven’t filed a claim for several years.
  • Security system discount – Installing monitored alarms and smoke detectors can lower risk.
  • New homebuyer discount – Often available for homes purchased within the last year.
  • Renovation discount – Major updates to roofs, plumbing, or wiring can reduce premiums.
 
 
 

How to Find the Best Cheap Home Insurance in MN

 

To find affordable coverage, compare quotes from at least three insurers. Focus on providers with strong financial stability and a history of fair claims handling. Consider higher deductibles to lower monthly costs, but ensure you can afford the out-of-pocket expense. The cheapest policy may not provide adequate coverage, so balance cost savings with protection quality.

 
 
 

5 Ways to Reduce Your Home Insurance Cost

 
  • Bundle home and auto policies.
  • Raise your deductible if financially feasible.
  • Maintain good credit.
  • Invest in home safety features like sump pumps or reinforced roofing.
  • Regularly review and update your policy to remove unnecessary coverage.
 
 
 

What Does Home Insurance Cover in Minnesota?

 

Most Minnesota home insurance policies cover dwelling protection, personal property, liability, and additional living expenses if your home becomes uninhabitable due to a covered event. Covered perils typically include fire, windstorms, hail, and theft. Flood and earthquake coverage are generally excluded and must be purchased separately.

 
 
 

Extra Home Coverage in Minnesota

 

Extra coverage options include flood insurance for homes near rivers and lakes, sewer backup coverage for urban areas prone to drainage issues, and scheduled personal property coverage for high-value items. Homeowners should consider these add-ons if they live in flood-prone areas, own expensive jewelry, or have older sewer systems.

 
 
 

FAQ: Minnesota Home Insurance

 

Is hail damage covered in Minnesota? Yes, most standard policies cover hail, but high-risk areas may have higher deductibles.

 

Do I need flood insurance in Minnesota? If you live near lakes or rivers, it’s strongly recommended since standard policies don’t cover flooding.

 

Can my rate go up after one claim? Yes, especially if the claim is large or weather-related. Rates often rise for 3–5 years after a claim.

 

Is ice dam damage covered? Usually yes, but coverage may depend on your insurer’s policy and maintenance of your roof.

 

What’s the average cost of home insurance in Minnesota? It varies widely by city and home value, but averages around $1,900–$2,200 annually.