Best and cheapest companies for home and auto bundles in Minnesota

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When you shop for home and auto insurance, some companies will have a better deal on bundled coverage than others. We compared multi-policy discounts from insurance companies in Minnesota to determine which will give you the biggest price break when you purchase multiple types of coverage.

State Farm offers the biggest percentage break on your home and auto premiums in Minnesota when you bundle. Bundle your policies with this insurance company, and it will cut your costs by an average of 27%.

Meanwhile, State Farm offers the cheapest overall rate when you bundle with the company in Minnesota. On average, you will pay $2,949 when you bundle.

Key Takeaways

In Minnesota, State Farm is the top choice for bundling home and auto insurance. It offers an average savings of 27%.
Some insurance companies offer more significant bundling discounts, so comparing quotes is a good idea.
Your ZIP code plays a major role in determining how much you can save on your home and auto insurance bundle.
Bundling is usually a smart move, but sometimes it might not be the best option.

How we picked the best companies for home and auto bundling

In 2024, we analyzed home and auto insurance rates provided by Quadrant Data Services, focusing on the average bundling discounts each company offers. We calculated both pre and post bundling insurance costs based on these average discount rates to provide a clear view of potential savings. Our analysis encompassed data from 48 insurance companies across 4,686 ZIP codes, delivering a comprehensive look at bundling benefits nationwide.

Our recommendation for the best home and auto bundles in Minnesota

We assessed companies based on the average savings they offer for home and auto insurance bundles, considering both dollar amounts and percentage discounts. Here are the top insurance companies in Minnesota for home and auto bundling.

State Farm

State Farm offers a 27% bundle discount, which amounts to an average savings of $1,076. The combined cost of home and auto insurance before the discount is $4,025, and after the discount, it drops to $2,949.

American Family

The average bundle discount at American Family is $693, or 16%. Without a bundle discount, customers pay $4,244 for coverage. After the bundle discount, customers pay $3,551 on average. American Family ranked at No. 9 in our Best Auto Insurance Companies ranking and No. 5 in the Best Home Insurance Companies ranking.

Auto-Owners

Bundling auto and home insurance with Auto-Owners can save an average of $287, or 8%. Without the discount, the coverage costs $3,652, but after the discount, it’s only $3,365.

Farmers Insurance

The average bundle discount at Farmers Insurance is $779, or 16%. Before the discount is added, the average cost of home and auto insurance is $4,821. After adding the bundle discount, the average cost is $4,042. Farmers Insurance ranked at No. 12 in our Best Auto Insurance Companies ranking and at No. 8 in the Best Home Insurance Companies ranking.

Compare home and auto bundles in Minnesota

The amount you can save on home and auto insurance with a bundle in Minnesota varies by company. Here is a breakdown of the rates and savings with top companies.

Company	Premium after Bundle	Auto and home bundling (Survey)	Home survey	A.M. Best Score	% Difference	Overall Rating
State Farm	$2,949	47	87.4	A++	27%	82.03
American Family	$3,551	50	85	A	16%	65.57
Auto-Owners	$3,365	49	81.2	A++	8%	60.96
Farmers Insurance	$4,042	43	82	A	16%	60.82

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What company offers the cheapest home and auto bundle in Minnesota?

State Farm provides the largest discount on premiums for bundled insurance, while State Farm offers the lowest overall rate when you bundle.

Company	Home insurance premium	Auto insurance premium	Premium before Bundle	Premium after Bundle
State Farm	$2,568	$1,457	$4,025	$2,949
Automobile Club MI (AAA)	$1,710	$2,208	$3,918	$3,203
Auto-Owners	$1,574	$2,078	$3,652	$3,365
American Family	$2,780	$1,464	$4,244	$3,551
Western National Mutual	$1,746	$2,763	$4,509	$4,003
Farmers Insurance	$2,608	$2,213	$4,821	$4,042
North Star Mutual	$2,312	$3,065	$5,377	$4,612

Most and least expensive ZIP codes for home and auto insurance bundles in Minnesota

The ZIP code you live in can influence the discount you’ll get for bundling your coverage and the base rates before the discount is applied. Here’s a list of the most and least expensive ZIP codes in Minnesota for bundling insurance.

Most expensive ZIP codes

The most expensive ZIP code in Minnesota for bundling home and auto insurance is 55106, with an average cost of $4,160. Here are the 10 most expensive ZIP codes:

ZIP code	Average auto and home after discount	Average difference
55106	$4,160	16%
55130	$4,141	16%
55103	$4,104	16%
55101	$4,093	15%
55411	$4,077	16%
55104	$4,004	16%
55117	$3,994	16%
55404	$3,992	16%
55455	$3,982	16%
55107	$3,979	16%

Least expensive ZIP codes

The most affordable ZIP code in Minnesota for bundling home and auto insurance is 55920, with an average rate of $3,172. Below are the 10 least expensive ZIP codes.

ZIP code	Average auto and home after discount	Average difference
55920	$3,172	16%
56544	$3,181	16%
56511	$3,215	16%
55805	$3,222	16%
56720	$3,239	16%
55802	$3,267	16%
55811	$3,275	16%
55718	$3,278	16%
55812	$3,278	16%
56236	$3,289	16%

Frequently asked questions about bundling home and auto insurance

Is bundling home and auto insurance right for everyone in Minnesota?

Bundling your insurance can help you save money and make managing your policies easier. With one company handling everything, you can check all your coverages in one place.

However, bundling isn’t always the cheapest move. If you find a great deal on car insurance but your homeowners insurance is much more expensive with the same company, you might save more by getting separate policies from different insurers.

It’s also possible that a company has the right coverage for one type of insurance but not for the other.

Instead of assuming a bundle is the best deal, it’s always a good idea to shop around and compare quotes.

“Remember when buying insurance that you’re doing so to protect your most valuable assets,” says Christine O’Brien, president of the Insurance Council of New Jersey. “Take the time to learn about policy limits and coverages and get several quotes.”

How can you switch to a home and auto bundle in Minnesota?

Switching to a bundled policy is simple, and many people take this step when their insurance comes up for renewal. For example, if your car insurance is with one company and your homeowners insurance with another, you can easily combine them under one insurer when it’s time to renew.

However, you don’t have to wait until renewal to bundle your policies. If you cancel one of your policies before it expires, you might get a refund for the months you won’t be covered by that insurer.

But before canceling coverage on any of your policies, make sure your new coverage is set up and active. Don’t cancel the old one until you’re fully covered.

Methodology

Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.

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Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.