Cheapest homeowners insurance in Minnesota 2022

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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 Farmers 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.

Company	Average annual premium	Average monthly premium
Travelers	$2,110	$176
American Family	$2,221	$185
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.

Company	J.D. Power score	AM Best rating
State Farm	835	A++
American Family	831	A
Allstate	829	A+
Farmers	813	A
Safeco	810	A
Liberty Mutual	806	A
Travelers	800	A++

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 premium	Average 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 code	Average annual premium	Average 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

How much is home insurance in other states

Alaska$1,799/Year

Alabama$2,981/Year

Arkansas$3,439/Year

Arizona$1,976/Year

California$1,166/Year

Colorado$3,082/Year

Connecticut$1,961/Year

Washington D.C.$1,488/Year

Delaware$1,521/Year

Florida$3,439/Year

Georgia$2,555/Year

Hawaii$499/Year

Iowa$2,540/Year

Idaho$1,842/Year

Illinois$2,201/Year

Indiana$2,423/Year

Kansas$3,931/Year

Kentucky$2,862/Year

Louisiana$3,270/Year

Massachusetts$1,920/Year

Maryland$1,518/Year

Maine$1,833/Year

Michigan$2,153/Year

Missouri$3,111/Year

Mississippi$3,340/Year

Montana$2,809/Year

North Carolina$2,009/Year

North Dakota$2,601/Year

Nebraska$3,133/Year

New Hampshire$1,455/Year

New Jersey$1,744/Year

New Mexico$2,299/Year

Nevada$1,486/Year

New York$1,840/Year

Ohio$2,107/Year

Oklahoma$4,445/Year

Oregon$1,608/Year

Pennsylvania$1,720/Year

Rhode Island$2,125/Year

South Carolina$2,678/Year

South Dakota$3,172/Year

Tennessee$2,692/Year

Texas$3,429/Year

Utah$1,378/Year

Virginia$1,956/Year

Vermont$1,212/Year

Washington$1,514/Year

Wisconsin$1,732/Year

West Virginia$2,486/Year

Wyoming$2,083/Year

Les Masterson

Contributor

Les, a former managing editor, insurance, at QuinStreet, has more than 20 years of experience in journalism. In his career, he has covered everything from health insurance to presidential politics.