Average homeowners insurance cost in Minnesota

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Home insurance in Minnesota costs an average of $2,399 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. Auto-Owners offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Homeowners insurance costs an average of $2,399 a year, based on our data.
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.

What is the average cost of homeowners insurance in Minnesota?

The average homeowners insurance premium in Minnesota is $2,399 annually for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Minnesota? Cost by coverage level

Homeowners insurance in Minnesota costs $2,399 per year on average, based on a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,977 per year for homeowners insurance in Minnesota for $100,000 in liability protection and a $1,000 deductible.

Below, you can find the average cost of homeowners insurance in Minnesota for dwelling coverage 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

Average home insurance cost in Minnesota by insurer

The most affordable homeowners insurance in Minnesota comes from Auto-Owners, which averages $1,550 per year. Western National Insurance and West Bend Insurance Company are also worth considering.

Shopping around can save you hundreds, or more, each year.

Below are average annual and monthly premiums for Minnesota homeowners, based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Auto-Owners	$1,550	$129
Western National Insurance	$1,631	$136
West Bend Insurance Company	$1,680	$140
Auto Club Group – ACG (AAA)	$1,839	$153
North Star Mutual	$1,914	$159
American Family	$2,441	$203
State Farm	$2,567	$214
Farmers	$2,606	$217
Country Financial	$5,156	$430

How to lower your home insurance rate

Shop around. The first quote you receive is rarely the best one. Getting estimates from at least three or four insurers gives you a clearer picture of what’s available in Minnesota.
Bundle your policies. Combining home and auto insurance, or renters and auto, with the same provider is one of the most common ways to unlock multi-policy discounts.
Ask about smart home discounts. Security systems, smoke detectors, and leak sensors are the kinds of upgrades that can bring your premium down.
Check for other savings. Loyalty discounts, claims-free rewards, and home improvements like fire-resistant roofing are worth asking about at renewal.

How does your ZIP code affect home insurance rates in Minnesota?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across Minnesota.

Most affordable ZIP codes for home insurance in Minnesota

56601 has the lowest average home insurance rates in Minnesota, with homeowners paying around $2,192 per year.

Home insurance rates aren’t uniform across Minnesota. Your ZIP code, in particular, is one of the biggest reasons prices differ from one area to the next.

Below are average rates for some of the most affordable ZIP codes in Minnesota.

ZIP code	Average annual rate	Average monthly rate
56601	$2,192	$183
56623	$2,193	$183
56671	$2,197	$183
56447	$2,198	$183
56686	$2,202	$183
56754	$2,204	$184
56667	$2,207	$184
56670	$2,208	$184
56683	$2,209	$184
56647	$2,210	$184

Most expensive ZIP codes for home insurance in Minnesota

At the other end of the spectrum, 55417 has the highest average rates in Minnesota at $2,680 per year.

Higher premiums in certain ZIP codes typically reflect greater exposure to crime, natural disasters, and elevated living and rebuilding costs.

Below are some of the most expensive ZIP codes for home insurance in Minnesota.

ZIP code	Average annual rate	Average monthly rate
55417	$2,680	$223
55412	$2,651	$221
55411	$2,649	$221
55405	$2,648	$221
55408	$2,647	$221
55423	$2,646	$221
55407	$2,645	$220
55454	$2,644	$220
55450	$2,633	$219
55418	$2,631	$219

Home 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 city

See rates in your city

What are the best homeowners insurance companies in Minnesota?

Our data points to Western National Insurance as the best overall pick in Minnesota, thanks to its AM Best rating of A and one of the lowest NAIC complaint scores in the state.

We ranked insurers using two measures that matter most when you’re counting on coverage:

AM Best Ratings reflect financial strength-essentially, how confidently a company can cover claims.
NAIC Complaint Scores track complaints in proportion to a company’s size, so a lower number means fewer headaches for policyholders.

Combined, they offer a clear read on whether an insurer is both financially sound and easy to deal with. In the table below, you’ll find the top companies in Minnesota compared by annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Western National Insurance	$1,631	A	0.13	5
Auto-Owners	$1,550	A++	0.33	4.86
Auto Club Group – ACG (AAA)	$1,839	A	0.29	4.67
West Bend Insurance Company	$1,680	A+	0.42	4.6
American Family	$2,441	A	0.37	4.34
North Star Mutual	$1,914	A+	0.72	4.06
Farmers	$2,606	A	0.54	4.01
Country Financial	$5,156	A+	0.26	3.63
State Farm	$2,567	A++	0.95	3.56

How to understand insurer ratings and complaint data

When choosing an insurer, you want to know if the company can pay your claim, and if customers are satisfied with it. Rating agencies track this data so you can make an informed decision at renewal.

Here are the two ratings that we have referred to:

AM Best: A global agency that rates insurers based on their financial strength and ability to pay claims. A higher score means the company is more financially stable.
NAIC Complaint Index: The National Association of Insurance Commissioners tracks consumer complaints. A score below 1.00 means fewer complaints than expected for a company of that size, while a score above 1.00 means more complaints than expected.

What factors affect your home insurance rate?

Home insurance rates come down to how much risk you represent to the insurer. The main factors they weigh:

Where you live. Local crime, weather risk, and how often neighbors file claims.
Your claims history. Past claims usually raise your rate.
Your credit-based insurance score. Weaker credit can mean a higher premium (restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. More coverage or a lower deductible costs more.

Rates have also been climbing across the board. Home insurance premiums for owner-occupied homes rose more than 11% nationwide in 2023, according to S&P Global Market Intelligence’s RateWatch application.

Resources and methodology

Source

S&P Global. US homeowners insurance rates jump by double digits in 2023. Accessed June 2026.

Methodology

Insure.com partnered with Quadrant Information Services to gather homeowners insurance data, drawing from 20,739,560 quotes across 82 national and regional insurers and 34,588 ZIP codes.

Sample rates are based on a homeowner profile with good credit and the following coverage levels:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The best companies list was determined using average annual cost, NAIC complaint score, and AM Best rating. All rates are intended for comparison and individual results will vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.