Average renters insurance cost in Duluth, MN

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In Duluth, renters insurance costs an average of $208 per year for $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible, which is $5 more than the statewide average of $203.

It can be higher or lower depending on the coverage limit you choose and the amount of liability the policy provides. If you rent, you should consider buying renters insurance because it protects your personal belongings from damage caused by covered perils such as fire or smoke damage, theft, vandalism and other mishaps.

Looking for affordable renters insurance in Duluth? We’ve compared the top companies to help you find the cheapest options.

Key Takeaways

Renters insurance in Duluth costs an average of $208 per year or $17 monthly.
Auto Club Group – ACG (AAA) offers the cheapest renters in Duluth, with a monthly premium of $10.
Renters can save more on insurance by taking advantage of discounts, including those for having a security system or bundling policies.

What is the average cost of renters insurance per month in Duluth?

On average, renters in Duluth pay $17 per month for renters insurance, which is equals to the state average of $17. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

The cost of renters insurance in Duluth varies depending on your insurance company and the coverage limit you buy. Renters in Duluth typically pay $13 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $4 in your monthly premium.

Choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.

How much is renters insurance in Duluth by deductible?

Renters insurance in Duluth costs an average of $172 per year for a $500 deductible and $20,000 in personal property coverage.

The deductible is the amount you pay before your insurance coverage applies. By increasing your deductible, you can lower your insurance premium. For instance, raising your deductible from $500 to $1,000 will save you $11 annually.

The table below shows renters insurance premiums for varying personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$172	$226	$278
$1,000	$161	$208	$255

Note: The liability protection coverage is $100,000.

Who offers cheap renters insurance in Duluth?

Your search for affordable renters insurance ends here.

Auto Club Group – ACG (AAA) has the lowest rates in Duluth, with an annual premium of $122 a year or $10 per month. Based on our data, Secura Insurance and State Farm also offer cheap rates.

Below, you’ll find the average annual and monthly rates for cheap renters insurance companies in Duluth.

Renter insurance provider	Average annual rate	Average per month rate
Auto Club Group – ACG (AAA)	$122	$10
Secura Insurance	$126	$11
State Farm	$158	$13
Auto-Owners	$162	$14
Allstate	$175	$15
American Family	$221	$18
North Star Mutual	$223	$19
Farmers	$251	$21
Western National Insurance	$314	$26
Country Financial	$331	$28

Tips for reducing the cost of renters insurance

Below are some tips to help you save on renters insurance in Duluth:

Bundle policies. If you have other policies through the same insurer, such as car insurance, bundling it with the same provider can often earn you a discount. Many insurers in Duluth offer savings for bundling policies.

Increase your deductible. Choosing a higher deductible can lower your premium, but ensure you’re prepared to cover the higher out-of-pocket costs if you need to file a claim.

Choose the right coverage amount. Regularly review your renters insurance to avoid paying for more coverage than you need. For example, you might opt for lower personal property coverage if you don’t own high-value items.

Limit small claims. Filing multiple small claims can drive up your rates. Consider paying for minor damages yourself to keep your premium low.

Shop around for quotes. Don’t settle for the first offer. Compare renters insurance rates from multiple providers in Duluth to find the best coverage at the lowest price.

Renters in Duluth should purchase renters insurance to protect their personal belongings, provide liability coverage, and cover additional living expenses if their rental becomes uninhabitable due to a covered event. Premiums may differ based on location, coverage amount and individual circumstances, but the peace of mind it offers is worth the investment. You can get an affordable policy that fits your budget by assessing your coverage needs, comparing quotes and taking advantage of available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Duluth in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.