Average homeowners insurance cost in St. Paul, MN

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Our data shows that the average cost of homeowners insurance in St. Paul is $2,583 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s just $1 more than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in St. Paul depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in St. Paul, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in St. Paul.

Key Takeaways

Homeowners insurance costs $2,583 per year in St. Paul.
At $1,556 per year, Auto-Owners offers the cheapest homeowners insurance in St. Paul.
Your home insurance rates increase by $648 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in St. Paul per month

Residents of St. Paul pay an average of $215 a month for homeowners insurance. It’s $15 more than the state average of $200 and almost equals to the national average for home insurance across the nation.

The cost of your homeowners insurance policy in St. Paul may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $1,935 per year in St. Paul. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house

Homeowners in St. Paul typically pay an average of $2,583 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $648 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in St. Paul by company

Among the carriers we analyzed, Auto-Owners is the most affordable homeowners insurance company in St. Paul, offering an average annual rate of $1,556 , while Western National Mutual ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving St. Paul and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in St. Paul and what you can expect to pay with each one on average.

Home Insurance Company	Annual rate
Auto-Owners	$1,556
Western National Mutual	$1,638
West Bend Mutual	$2,088
American Family	$2,428
State Farm	$2,499
North Star Mutual	$2,750
Farmers	$2,895
Country Financial	$5,097
Automobile Club MI (AAA)	$1,985

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Minnesota that can impact your home insurance

Living in Minnesota comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Minnesota is commonly affected by Cold wave, Strong wind and Winter weather.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Pro tip: Review your policy annually

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in St. Paul for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

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.