Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Minnesota Average homeowners insurance cost in Minnesota Homeowners insurance in Minnesota costs $2,399 per year or $200 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: April 14, 2025 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.According to Insure.com’s data analysis, the average cost of homeowners insurance in Minnesota is $2,399 a year. Continue reading to learn more about homeowners insurance rates in Minnesota by ZIP code and insurer. Key Takeaways Homeowners insurance costs an average of $2,399 a year, based on Insure.com analysis.Of all the ZIP codes in Minnesota, 56601 has the most affordable home insurance rates at around $2,192 annually.In Minnesota, Auto-Owners provides the most affordable home insurance at an average annual premium of $1,550. Average home insurance cost in Minnesota by coverage levelIn Minnesota, the annual homeowners insurance cost is $2,399, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $2,977 in Minnesota, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Minnesota based on dwelling coverage limits of $300,000, $400,000, and $500,000.Coverage Average annual rate Average monthly rate$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible$1,808 $151 $200,000 with $1,000 Deductible and $300,000 Liability and None Deductible$1,828 $152 $300,000 with $1,000 Deductible and $100,000 Liability and None Deductible$2,399 $200 $300,000 with $1,000 Deductible and $300,000 Liability and None Deductible$2,420 $202 $400,000 with $1,000 Deductible and $100,000 Liability and None Deductible$2,977 $248 $400,000 with $1,000 Deductible and $300,000 Liability and None Deductible$2,999 $250 $600,000 with $1,000 Deductible and $100,000 Liability and None Deductible$4,285 $357 $600,000 with $1,000 Deductible and $300,000 Liability and None Deductible$4,308 $359 $1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible$6,993 $583 $1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible$7,020 $585 In Minnesota, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in MinnesotaIt’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.We evaluated homeowners insurance providers in Minnesota by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Western National Insurance received the lowest NAIC score and an AM Best rating of A. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.Company Average annual premiumAM Best rating NAIC Complaint IndexOverall scoreWestern National Insurance$1,631A0.135Auto-Owners$1,550A++0.334.86Auto Club Group – ACG (AAA)$1,839A0.294.67West Bend Insurance Company$1,680A+0.424.6American Family$2,441A0.374.34North Star Mutual$1,914A+0.724.06Farmers$2,606A0.544.01Country Financial$5,156A+0.263.63State Farm$2,567A++0.953.56Average homeowners insurance cost by company in MinnesotaAuto-Owners offers the most affordable homeowners insurance in Minnesota, at an average annual premium of $1,550, followed by Western National Insurance and West Bend Insurance Company.You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.Here are the average annual and monthly insurance rates for Minnesota homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.Company Average annual rate Average monthly rateAuto-Owners$1,550$129Western National Insurance$1,631$136West Bend Insurance Company$1,680$140Auto Club Group – ACG (AAA)$1,839$153North Star Mutual$1,914$159American Family$2,441$203State Farm$2,567$214Farmers$2,606$217Country Financial$5,156$430Minnesota homeowners insurance rates by ZIP codeInsurance companies in Minnesota assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Minnesota. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.Most affordable ZIP codes for home insurance rates in MinnesotaHome insurance costs vary across different areas in Minnesota. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 56601 ZIP code has the lowest home insurance rates in Minnesota, at $2,192 annually or $183 per month.Here are the homeowners insurance rates for some of the most affordable ZIP codes in Minnesota.ZIP codeAverage annual rateAverage monthly rate56601$2,192$18356623$2,193$18356671$2,197$18356447$2,198$18356686$2,202$18356754$2,204$18456667$2,207$18456670$2,208$18456683$2,209$18456647$2,210$184Most expensive ZIP codes for home insurance rates in MinnesotaIn Minnesota, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.Homeowners in 55417 ZIP pay the highest insurance rates in Minnesota, with an average annual premium of $2,680.Below is a list of some of the most expensive ZIP codes in Minnesota for homeowners insurance.ZIP codeAverage annual rateAverage monthly rate55417$2,680$22355412$2,651$22155411$2,649$22155405$2,648$22155408$2,647$22155423$2,646$22155407$2,645$22055454$2,644$22055450$2,633$21955418$2,631$219Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Minnesota by cityBloomingtonDuluthMinneapolisRochesterSt. PaulHome insurance rate trend in MinnesotaWe analyzed home insurance rate trends in Minnesota and found that homeowners insurance rates experienced an overall increase of 4% or $92, from 2022 to 2023.The data below shows how much homeowners insurance rates have changed since 2019.2019 rates2022 rates2023 rates$2,509$2,307$2,399To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Minnesota.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed April 2025.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Minnesota Average renters insurance cost in Minnesota Average car insurance cost in Minnesota Non-owner car insurance in Minnesota How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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