Average renters insurance cost in Rochester, MN

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In Rochester, the average cost of renters insurance is $192 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $11 less than the state average of $203 per year.

Renters insurance costs can vary based on the coverage you choose and the amount of liability protection included in your policy. If you’re living in a rental, it’s a smart way to protect your personal belongings from things like fire, smoke, theft, vandalism, and other covered incidents.

Let’s take a look at the cheapest renters insurance options in Rochester.

Key Takeaways

Renters insurance in Rochester costs an average of $192 per year or $16 monthly.
Auto Club Group – ACG (AAA) offers the cheapest renters in Rochester, with a monthly premium of $7.
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 Rochester?

On average, renters in Rochester pay $16 per month for renters insurance, which is $1 less than 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 Rochester varies depending on your insurance company and the coverage limit you buy. Renters in Rochester typically pay $12 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 Rochester by deductible?

Renters insurance in Rochester costs $160 per year for a $500 deductible and $20,000 in personal property coverage.

Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay $10 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$160	$208	$255
$1,000	$150	$192	$234

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

Who offers cheap renters insurance in Rochester?

Your search for affordable renters insurance ends here.

Auto Club Group – ACG (AAA) has the lowest rates in Rochester, with an annual premium of $83 a year or $7 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 Rochester.

Renter insurance provider	Average annual rate	Average per month rate
Auto Club Group – ACG (AAA)	$83	$7
Secura Insurance	$126	$11
State Farm	$135	$11
Auto-Owners	$162	$14
Allstate	$175	$15
North Star Mutual	$216	$18
Farmers	$217	$18
American Family	$221	$18
Country Financial	$286	$24
Western National Insurance	$298	$25

Tips for reducing the cost of renters insurance

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

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 Rochester 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 Rochester to find the best coverage at the lowest price.

Renters in Rochester 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 Rochester 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.