Tracking down the cheapest homeowners insurance for you takes some digging and comparing quotes from multiple home insurance companies.

Home insurance companies gauge risk differently from one another. One insurer may put more emphasis on one metric and not as much on another.

That’s why getting quotes from at least three homeowners insurance companies is an essential part of shopping for the cheapest homeowners insurance in Minnesota. We found that Travelers has the lowest average home insurance rates in Minnesota at $2,110 per year on average.

Let’s take a look at homeowners insurance in Minnesota and how to find the best home insurance rates.

Key Takeaways

  • The cheapest homeowners insurance for $300,000 dwelling coverage, $300,000 liability protection and $1,000 deductible in Minnesota is offered by Travelers at $2,110 per year.
  • The homeowners insurance in Minnesota is $705 more than the national average.
  • The zipcode 56741 offers the cheapest homeowners insurance in Minnesota at $2,643 per year.

Cheap homeowners insurance companies in Minnesota

Travelers, American Family and Liberty Mutual have the three cheapest Minnesota homeowners insurance rates, on average.

Here are average annual premium for homeowners insurance in Minnesota for a policy with $300,000 dwelling coverage and $300,000 liability protection with a $1,000 deductible.

CompanyAverage annual premiumAverage monthly premium
Travelers$2,110$176
American Family$2,221$185
Liberty Mutual$2,389$199
Farmers$2,498$208
Fire Insurance$3,276$273
Allstate$3,375$281
State Farm$3,669$306
Safeco$4,813$401
Auto Owners$12,178$1,015

Compare cheap homeowners insurance in Minnesota by ratings

Experts at Insure.com compared the cheapest homeowners insurance companies in Minnesota based on J.D. Power score and AM best rating. Among the carriers surveyed, State Farm received the highest J.D. power score — 835 out of 1000.

Find below the list of cheap homeowners insurance companies and J.D. Power score and AM Best rating.

CompanyJ.D. Power scoreAM Best rating
State Farm835A++
American Family831A
Allstate829A+
Farmers813A
Safeco810A
Liberty Mutual806A
Travelers800A++

How much is home insurance in Minnesota

The average homeowners insurance in Minnesota is $3,010 for $300,000 dwelling and $300,000 liability coverage with a $1,000 deductible.

Beyond location, insurance providers also consider claims history for you, your home and the area; building costs; coverage level; and credit history.

Filing multiple claims is one way to see much higher home insurance premiums.

Average annual premiumAverage monthly premium
$3,010$251

Cheapest homeowners insurance in Minnesota by ZIP code

Homeowners insurance costs vary in Minnesota. Location, including ZIP code, is just one aspect of home insurance costs.

Here are the average home insurance cost by city/ZIP codes in Minnesota:

ZIP codeAverage annual premiumAverage monthly premium
56741$2,643$220
56738$2,679$223
55706$2,683$224
56650$2,705$225
56760$2,711$226
56711$2,715$226
56623$2,717$226
56757$2,722$227
56682$2,731$228
56630$2,733$228
56649$2,734$228
56601$2,735$228
55771$2,737$228
55796$2,738$228
56683$2,741$228

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