Average Renters Insurance Cost in Minnesota

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Renters insurance costs in Minnesota vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Minnesota is $211 per year or $18 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

Key Takeaways

The average cost of renters insurance in Minnesota is $211 per year or $18 per month.
Automobile Club MI (AAA) provides the least expensive renters insurance in Minnesota at an average rate of $122 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Minnesota.

Average renters insurance cost in Minnesota per month

In Minnesota, the average cost of renters insurance is $18 per month. However, the exact premiums may vary based on factors like your location, the value of your belongings, and the amount of coverage you choose. It’s always a good idea to compare quotes from multiple insurers to ensure you get the best deal.

Average renters ins cost per month	Difference compared to national average
$18	$4 less

Average renters insurance cost in Minnesota by company

According to our data, Automobile Club MI (AAA) provides the most affordable renters insurance in Minnesota, with an average annual rate of $122, followed by Secura Insurance and State Farm.

Getting quotes from multiple renters insurance companies in Minnesota is a good idea, as prices can differ significantly among insurers.

Below, you can find average annual and monthly renters insurance rates from various companies in Minnesota.

Company	Average annual rate	Average monthly rate
Automobile Club MI (AAA)	$122	$10
Secura Insurance	$140	$12
State Farm	$142	$12
Auto-Owners	$167	$14
Allstate	$174	$15
North Star Mutual	$229	$19
American Family	$233	$19
Farmers	$257	$21
Country Financial	$319	$27
Western National Mutual	$325	$27

Renters insurance calculator in Minnesota

$203/year

Estimated renters insurance rates in Minnesota

$17

Monthly renters insurance cost in Minnesota

-18%

Compared to national average

Average cost of renters insurance in Minnesota by coverage level

On average, Minnesota renters pay $211 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Minnesota to $163 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.

Below are the average annual renters insurance costs in Minnesota for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$168	$14
$20,000 with $500 Deductible and $300,000 Liability	$175	$15
$20,000 with $1,000 Deductible and $100,000 Liability	$157	$13
$20,000 with $1,000 Deductible and $300,000 Liability	$163	$14
$40,000 with $500 Deductible and $100,000 Liability	$220	$18
$40,000 with $500 Deductible and $300,000 Liability	$228	$19
$40,000 with $1,000 Deductible and $100,000 Liability	$203	$17
$40,000 with $1,000 Deductible and $300,000 Liability	$211	$18
$60,000 with $500 Deductible and $100,000 Liability	$270	$23
$60,000 with $500 Deductible and $300,000 Liability	$279	$23
$60,000 with $1,000 Deductible and $100,000 Liability	$248	$21
$60,000 with $1,000 Deductible and $300,000 Liability	$256	$21

Average cost of renters insurance in Minnesota by city

Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Minnesota and find the best fit for your budget.

Renters insurance rates in Minnesota by city

See rates in your city

Average cost of renters insurance in Minnesota by ZIP code

In Minnesota, the cost of renters insurance can vary significantly across ZIP codes. Here, we’ll show you the ZIP codes where renters insurance is most affordable and where it costs the most.

Most affordable ZIP codes for renters insurance in Minnesota

How much Minnesota renters pay for insurance depends on the ZIP code they live in. 56325 is the most affordable ZIP code for renters insurance in Minnesota among all the ZIP codes analyzed, at $196 a year on average.

Rates vary by ZIP code, so comparing quotes is one of the easiest ways to get the best deal on renters insurance in Minnesota.

ZIP code	City	Average annual rate	Average monthly rate
56325	Elrosa	$196	$16
56352	Melrose	$197	$16
56312	Belgrade	$198	$16
56316	Brooten	$198	$17
56378	Sauk Centre	$199	$17
56520	Breckenridge	$199	$17
56529	Dilworth	$199	$17
56549	Hawley	$199	$17
56017	Cleveland	$199	$17
56446	Eagle Bend	$199	$17

Least affordable ZIP codes for renters insurance in Minnesota

Your ZIP code, among other factors, affects how much you pay for renters insurance in Minnesota. 55417 is the least affordable ZIP code for Minnesota renters at an average cost of $236 a year or $20 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Minnesota. Below are the average annual renters insurance costs by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
55417	Minneapolis	$236	$20

Final thoughts: Average renters insurance in Minnesota

Renters insurance is a must for Minnesota renters. It protects personal belongings from damage caused by fire, theft, vandalism and natural disasters, giving renters confidence and peace of mind.

Finding the most affordable renters insurance requires shopping around and comparing quotes from multiple insurers. To make an informed choice, consider not just the price but also the coverage options, deductibles, and customer reviews.

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.