Minnesota homeowners insurance calculator- Insure.com

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Home insurance in Minnesota is $181 a year lower than the national average. However, homeowners in some parts of the state will pay rates above or below that average.

Given the prevalence of natural disasters in many areas of the state, it’s crucial for Minnesota residents to carry enough homeowners insurance to replace their homes if necessary. Homeowners may also need to add flood insurance if they live in a floodplain or an area that experiences heavy snowmelt.

“For those who live near any body of water or at the base of a hill, get a quote for flood insurance and buy it if you can afford it,” says Amy Bach, executive director of United Policyholders, a non-profit consumer group.

Our Minnesota home insurance calculator will help you compare rates in your area for the coverage you need.

Minnesota home insurance calculator

See how the average annual home insurance rates vary with the options chosen.

State

Average Annual Home Insurance Rates In Minnesota

$2,376 Average rate

$5,604 Highest
rate

$1,242 Lowest
rate

Home insurance companies in Minnesota

Company	Average annual rate
Auto-Owners	$1,550
Western National Mutual	$1,631
West Bend Mutual	$1,680
Automobile Club MI (AAA)	$1,839
North Star Mutual	$1,914
American Family	$2,441
State Farm	$2,567
Farmers	$2,606
Country Financial	$5,156

Key Takeaways

Minnesota homeowners insurance rates are $2,420 a year for $300,000 in dwelling and liability coverage with a $1,000 deductible.
Rates may increase due to location and the frequency of severe weather.
Minneapolis has the most expensive homeowners rates on average among major cities in Minnesota.

How to use the Minnesota home insurance calculator

Average homeowners insurance rates vary based on location, specifics of the home and coverage limits. Use the home insurance calculator to see average costs in Minnesota for your needs. Here’s how:

Choose how much dwelling coverage you need; round up to the next closest level in the calculator. Make sure it’s high enough to cover rebuilding your home if necessary.
Choose your liability coverage. Standard home insurance policies include $100,000 in liability, but experts recommend at least $300,000, more if you have a lot of assets to protect.
Choose your deductible. The deductible is the amount you pay when you file a claim, and a higher deductible means lower rates. However, you should be sure you can pay it if you need to.

How does dwelling coverage affect homeowners insurance in Minnesota?

Dwelling coverage pays for repairs or rebuilding your home if it is damaged by a covered event, such as hail or fire. Although increasing coverage also raises rates, carrying enough coverage is essential to rebuild your home if necessary. Your dwelling coverage should match the replacement cost value of your home.

The table below shows average Minnesota home insurance rates for various dwelling coverage amounts, all with $300,000 in liability coverage and a $1,000 deductible.

Dwelling coverage	Average annual rate	Average monthly rate
$200,000	$1,828	$152
$300,000	$2,420	$202
$400,000	$2,999	$250
$600,000	$4,308	$359
$1,000,000	$7,020	$585

Average homeowners insurance cost in Minnesota

The average homeowners insurance cost in Minnesota is $2,420 a year for $300,000 in dwelling and liability coverage with a $1,000 deductible, which is slightly below the national average of $2,601.

Many factors can affect your premiums, so you may pay more or less than the average. For example, your rates may be higher if you live in an area prone to severe storms. Additionally, you may need to purchase separate flood insurance if your area experiences flooding due to storms or snowmelt.

Your home’s age and building materials may also increase home insurance rates. For example, a brick home may withstand damage better than a wood-sided house, which means fewer claims and lower rates.

The table below shows the difference between Minnesota rates and the national average.

Dwelling coverage	Liability	Average annual rate	Difference compared to the national average
$300,000	$300,000	$2,420	-$181

Average cost of home insurance in major Minnesota cities

Where you live in Minnesota also affects your homeowners insurance rates. For example, if you live in the northern part of the state, you may see higher rates due to regular severe winter weather. While Rochester has the cheapest average home insurance rates, Minneapolis has the highest rates. These higher rates may also be due to higher crime rates in a larger city.

City	Average annual rate	Average monthly rate
Blaine	$2,553	$213
Bloomington	$2,626	$219
Brooklyn Park	$2,565	$214
Duluth	$2,308	$192
Lakeville	$2,566	$214
Minneapolis	$2,663	$222
Rochester	$2,254	$188
St. Paul	$2,610	$217

What our expert says

Q: What additional coverage should homeowners consider?

Amy BachExecutive Director of United Policyholders

“For those who live near any body of water or at the base of a hill, get a quote for flood insurance and buy it if you can afford it.”

Methodology

Insure.com commissioned home insurance rates from Quadrant Data Services in late 2023 for a homeowners insurance policy with dwelling coverage levels ranging from $200,000 – $1 million and liability coverage of $100,000 and $300,000. Sample rates were requested using a $1,000 deductible and a 2% hurricane deductible where applicable.