Home Home insurance Renters insurance Renters insurance cost Average renters insurance cost in Minnesota Average renters insurance cost in Minnesota By Shivani Gite Shivani Gite 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. | Updated on September 21, 2023 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Renters insurance costs in Minnesota varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Minnesota is $208 per year or $17 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ. Renters insurance companies in Minnesota Automobile Club MI (AAA) offers affordable renters insurance in Minnesota at an average annual rate of $122 followed by Secura Insurance and State Farm, based on Insure.com’s analysis. But it’s smart to get multiple quotes for various renters insurance companies in Minnesota because the prices vary a lot among carriers. Below we have compared the average annual and monthly renters insurance rates of insurance companies across Minnesota. CompanyAverage annual rateAverage monthly rateAutomobile Club MI (AAA)$122$10Secura Insurance$140$12State Farm$151$13Auto-Owners$167$14Allstate$174$15American Family$209$17North Star Mutual$229$19Farmers$258$21Country Financial$301$25Western National Mutual$325$27 Average cost of renters insurance in Minnesota by coverage level As we discussed above, in Minnesota, the average cost of renters insurance is $208 per year, that’s $59 more than the national average. These rates are for the coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $161 per year for renters insurance in Minnesota for $300,000 in liability protection and $1000 deductible. Find below the average cost of renters insurance in Minnesota for personal property coverage of $20,000 and $40,000. Coverage levelAverage annual renters insurance rateAverage monthly renters insurance rate20000$161$1340000$208$1760000$252$21 Most affordable ZIP codes for renters insurance in Minnesota How much Minnesota renters pay for insurance majorly depends on the ZIP code they live in. 56325 is the most affordable ZIP for renters insurance in Minnesota among all the ZIP codes analyzed, at about $193 a year on average. Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Minnesota. ZipcodeAverage annual rateAverage monthly rate56325$193$1656312$195$1656316$195$1655347$219$1855111$225$1955126$226$1955102$228$1955101$228$1955415$230$1955401$231$19 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 $232 a year or $19 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. ZipcodeAverage annual rateAverage monthly rate55417$232$1955455$231$1955447$230$1955107$228$1955130$228$1955126$226$1955111$225$1955427$221$1855731$218$1856312$195$16 Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below. Renters insurance rates in Minnesota by cityBloomingtonDuluthMinneapolisRochesterSt. PaulRenters and auto bundle discounts in Minnesota If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company. Bundling policies can help you save an average of 15% per year in Minnesota. Auto-Owners offers the cheapest rate on renters and auto insurance bundle, you can save 10% a year on your premiums. CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savingsAuto-Owners$1,412$1,574$16210%Western National Mutual$1,516$1,746$23013%Automobile Club MI (AAA)$1,540$1,710$17010%State Farm$1,705$2,568$86334%North Star Mutual$2,104$2,312$2089%American Family$2,258$2,780$52319%Farmers$2,359$2,608$24910%Country Financial$3,525$4,633$1,10824% Final thoughts: Average renters insurance in Minnesota Renters insurance is a must-have for renters in Minnesota. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters. To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price. Methodology Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Minnesota. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none. Explore other insurance options in Minnesota Cheapest homeowners insurance in Minnesota Average car insurance cost in Minnesota Non-owner car insurance in Minnesota How much is renters insurance in other statesAlaska$192/YearAlabama$250/YearArkansas$255/YearArizona$177/YearCalifornia$224/YearColorado$143/YearConnecticut$200/YearDelaware$174/YearFlorida$245/YearGeorgia$234/YearHawaii$165/YearIowa$142/YearIdaho$142/YearIllinois$174/YearIndiana$187/YearKansas$176/YearKentucky$149/YearLouisiana$355/YearMassachusetts$168/YearMaryland$183/YearMaine$136/YearMichigan$253/YearMissouri$168/YearMississippi$288/YearMontana$192/YearNorth Carolina$183/YearNorth Dakota$126/YearNebraska$187/YearNew Hampshire$131/YearNew Jersey$148/YearNew Mexico$158/YearNevada$193/YearNew York$225/YearOhio$181/YearOklahoma$198/YearOregon$204/YearPennsylvania$186/YearRhode Island$389/YearSouth Carolina$220/YearSouth Dakota$141/YearTennessee$212/YearTexas$158/YearUtah$153/YearVirginia$177/YearVermont$142/YearWashington$182/YearWisconsin$119/YearWest Virginia$184/YearWyoming$111/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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Most Americans don’t 1/1 Related Articles Guide to home renovation insurance By Shivani Gite How having a roommate impacts your homeowners insurance coverage By Shivani Gite What does condo insurance cover? By Shivani Gite Does home insurance cover accidental kitchen fires? By Shivani Gite How to switch home insurance By Shivani Gite Is carpenter ant damage covered by homeowners insurance? By Ashlee Tilford On this page Renters insurance companies in Minnesota Average cost of renters insurance in Minnesota by coverage level Most affordable ZIP codes for renters insurance in Minnesota Least affordable ZIP codes for renters insurance in Minnesota Renters and auto bundle discounts in Minnesota Final thoughts: Average renters insurance in Minnesota Methodology Get instant quotes now ! Please enter valid zip Get Quotes