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When shopping for home and auto insurance, some insurers offer better deals on bundled coverage than others. We’ve compared multi-policy discounts from insurance companies in Minnesota to identify which ones provide significant savings when combining multiple coverage types.
State Farm provides the highest percentage discount on home and auto insurance premiums in Minnesota when you bundle your policies. By choosing this insurer, you can save an average of 27% on your home and auto bundle.
On the other hand, State Farm provides the lowest overall rate for bundling in Minnesota. When you bundle your policies, you can expect to pay an average of $2,949.
Key Takeaways
- In Minnesota, State Farm is the best home and auto bundle insurance provider, offering an average discount of 27%.
- Some companies offer bigger savings for bundling than others, so it pays to shop around.
- Where you live within the state will impact how much you can save by bundling.
- Bundling usually makes sense, but there are situations where this might not be the case.
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 an average bundle discount of $1,076, which is a 27% savings on your premiums. Before the discount, the combined home and auto insurance cost is $4,025, and after applying the bundle discount, the total cost 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
Bundling your home and auto insurance in Minnesota can result in significant savings, though the exact amount depends on the insurer. The table below highlights rates and potential savings with leading 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 |
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
Your ZIP code can determine how much of a discount you’ll receive for bundling your insurance and the base rates before the discount is applied. Below, you’ll find the least and most expensive ZIP codes for home and auto insurance bundles in Minnesota.
Most expensive ZIP codes
The most expensive ZIP code in Minnesota for home and auto insurance bundling is 55106 at an average rate of $4,160. See the 10 most expensive ZIP codes below.
| 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 least expensive ZIP code in Minnesota for home and auto insurance bundling is 55920 at an average rate of $3,172. See the 10 least expensive ZIP codes below.
| 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 home and auto bundle insurance
Is bundling home and auto insurance right for everyone in Minnesota?
Bundling your coverage can be one of the best ways to save on insurance. It also can be convenient to have all of your coverage with the same insurer. By bundling, you have one insurance company and can check all your coverages on a single website.
However, bundling might not always be the wisest option. For example, an insurer that offers a great deal on auto insurance might charge higher rates on homeowners insurance. In such a circumstance, you might be better off purchasing your auto insurance from one insurer and your homeowners coverage from another.
In addition, it is possible that an insurer might offer the coverage options you need for one type of insurance but not for the other.
Rather than simply assuming that a bundle is your best deal, it always pays to shop around.
“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 bundle is easy. Many people make this change when one of their policies is up for renewal. For example, if your auto insurance is with one company and your homeowners insurance is with another, you can decide to bundle your coverage with a single insurer the next time the coverage term for one of the two policies ends.
However, you do not have to wait until renewal to bundle your policies. If you decide to cancel one of your policies prior to the end of its coverage term, you should receive a refund for the months you will no longer be insured with the company.
If you decide to end coverage on one of your policies, be careful not to do so until you are sure your new coverage is in place and has been activated.
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.
You might find interesting
How much is home and auto bundle insurance in other states
- How we picked the best companies for home and auto bundling
- Our recommendation for the best home and auto bundles in Minnesota
- Compare home and auto bundles in Minnesota
- What company offers the cheapest home and auto bundle in Minnesota?
- Most and least expensive ZIP codes for home and auto insurance bundles in Minnesota
- Frequently asked questions about home and auto bundle insurance
- Methodology