The Best and Cheapest Home Insurance in Minnesota
Western National has the best cheap homeowners insurance in Minnesota for most people. You’ll pay $1,472 per year on average for $350,000 of coverage.
Find Cheap Home Insurance Quotes in Minnesota
Best Cheap Home Insurance in Minnesota
ValuePenguin gathered thousands of quotes from top Minnesota homeowners insurance companies across hundreds of ZIP codes.
Our experts reviewed rates, coverage options, customer service and discounts to find the best home insurance in MN.
The cheapest home insurance quotes in MN
Western National has the cheapest home insurance plans in Minnesota. It charges roughly one-third less than the state average.
Western National charges $1,472 per year for $350,000 of coverage to repair your home after a covered accident, called dwelling coverage. That represents an annual savings of $782 over the Minnesota state average of $2,254 per year.
Find Cheap Homeowners Insurance Quotes in Your Area
Comparing home insurance quotes can save you thousands of dollars per year in Minnesota.
The cheapest homeowners insurance company in Minnesota, Western National, costs $2,581 per year less than the most expensive company, Country Financial.
Cheap annual home insurance quotes in MN
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| Western National | $1,008 | |
| North Star Mutual | $1,166 | |
| State Farm | $1,216 | |
| AAA | $1,289 | |
| Farmers | $1,321 | |
$200,000
Company | Annual rate | ||
|---|---|---|---|
|
| Western National | $1,008 | |
|
| North Star Mutual | $1,166 | |
|
| State Farm | $1,216 | |
|
| AAA | $1,289 | |
|
| Farmers | $1,321 | |
$350,000
Company | Annual rate | ||
|---|---|---|---|
|
| Western National | $1,472 | |
|
| State Farm | $1,731 | |
|
| Farmers | $1,836 | |
| Auto-Owners | $1,886 | |
|
| North Star Mutual | $1,902 | |
$500,000
Company | Annual rate | ||
|---|---|---|---|
|
| Western National | $2,074 | |
|
| State Farm | $2,356 | |
|
| Auto-Owners | $2,400 | |
|
| Farmers | $2,713 | |
| Travelers | $2,760 | |
$1 million
Company | Annual rate | ||
|---|---|---|---|
| American Family | $3,114 | |
|
| State Farm | $4,214 | |
|
| Western National | $4,254 | |
|
| Farmers | $4,299 | |
|
| Travelers | $4,981 | |
Common natural disasters in MN
Minnesota's harsh winters and abundance of lakes and rivers mean residents are at risk of experiencing flooding and blizzards. Fortunately, a standard homeowners policy will cover most damages caused by snowfall and storms. It's important to take precautions to protect your home, or your insurance company may deny your claim.
However, you will need to buy a separate flood insurance policy.
Best Minnesota homeowners insurance for most people: Western National
-
Editor's rating
- Cost: $1,472/yr
Western National has the cheapest home insurance quotes in Minnesota.
Pros:
-
Cheap rates
-
Many coverage options
-
Good customer service
-
Strong network of local agents
Cons:
-
No online quotes
-
Few discounts
Western National has the most affordable rates for homeowners insurance in Minnesota.
It has cheapest quotes for $200,000, $350,000 and $500,000 of dwelling coverage and the third-cheapest rates for $1 million of dwelling coverage. In addition to its cheap quotes, Western National offers some of the best customer service out of any company in Minnesota. Western National gets 71% fewer complaints than an insurance company of the same size, according to the National Association of Insurance Commissioners (NAIC), an industry group.
You can't buy a Western National policy online. Like many smaller insurance companies, Western National relies on a network of local agents. With an agent, you get more personalized service, although the process of getting a quote is usually less convenient.
Western National offers only a few discount options. These can help you save on your home insurance if you have one or more of the following.
- A new or remodeled home
- A burglar or fire alarm installed in your home
- More than one policy through Western National
However, Western National stands out for its many coverage extras, such as protection for identity theft, golf carts and golf equipment.
Best national homeowners insurance in MN: State Farm
-
Editor's rating
- Cost: $1,731/yr
State Farm has the best combination of cheap rates and good customer service among national home insurance companies in Minnesota.
Pros:
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Strong customer service
-
Cheap quotes
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Good bundling discounts
Cons:
-
Few discount and extra coverage options available
State Farm has the cheapest rates for homeowners insurance in Minnesota among national insurance companies. You'll pay $1,731 per month on average for $350,000 of dwelling coverage.
State Farm also has affordable rates for other coverage levels. For example, it has the second-cheapest insurance for $1 million of coverage. That makes it a good choice for people with high-value homes.
State Farm gets fewer complaints than an average insurance company of the same size, according to the NAIC. It also scored above average on customer satisfaction for its homeowners insurance lines on a recent J.D. Power survey.
It's important to choose a homeowners insurance company with a good customer service reputation because you'll likely have a smoother claims process down the road.
State Farm offers one of the better home-auto bundling discounts among large insurance companies. That makes it a good choice if you already have a State Farm auto policy or if you're in the market for car insurance.
However, State Farm has fewer discounts and extra coverage options compared to many of its competitors. If you want a greater level of coverage or more discounts, consider Farmers.
Best homeowners insurance in Minnesota for extra coverage: Farmers
-
Editor's rating
- Cost: $1,836/yr
Farmers lets you customize your homeowners insurance with a large number of coverage add-ons.
Pros:
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Many extra coverage options
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Cheap rates
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Many discounts
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High levels of customer satisfaction
Cons:
-
Poor choice for bundling
Farmers stands out for its many discounts and coverage add-ons. Consider Farmers if you have specific needs or you want to customize your policy. Compared to many of its competitors, Farmers offers a wide range of coverage options.
Farmers coverage add-ons
- Extended replacement cost
- Guaranteed replacement cost
- Building ordinance or law
- Sewer and drain water damage
- Identity shield
Farmers offers several helpful insurance policies that offer additional protection for your home, such as flood and earthquake insurance. You can also add an umbrella policy of up to $10 million to your homeowners insurance.
Farmers offers 14 different discounts in Minnesota. You can qualify for discounts by paying on time, paying online and protecting your home with fire and burglar alarms. Other discounts include price breaks for new homes, environmentally friendly construction and going three years without filing a claim.
Average cost of home insurance in Minnesota
Home insurance costs $2,191 per year on average in Minnesota.
The average cost of home insurance in Minnesota is about 2% or $40 per year above the national average of $2,151 per year.
Average cost of home insurance in MN
Dwelling coverage | Annual cost |
|---|---|
| $200,000 | $1,533 |
| $350,000 | $2,254 |
| $500,000 | $3,045 |
| $1,000,000 | $5,504 |
Cost of Minnesota home insurance by city
Minneapolis has the most expensive home insurance rates in Minnesota, at $2,547 per year on average.
Babbitt has the cheapest home insurance, averaging $2,065 per year. Home insurance rates differ between cities because of factors such as climate, crime and the cost of labor and materials. Homeowners insurance quotes are fairly similar across Minnesota.
City | Annual rate | % from avg |
|---|---|---|
| Ada | $2,149 | -5% |
| Adams | $2,190 | -3% |
| Adolph | $2,102 | -7% |
| Adrian | $2,280 | 1% |
| Afton | $2,479 | 10% |
Rates are for a policy with $350,000 of dwelling coverage.
The best home insurance companies in Minnesota
The best-rated home insurance companies in Minnesota include Western National, State Farm, Auto-Owners and AAA.
These four companies get fewer complaints than other homeowners insurance companies when adjusted for size. They also have affordable rates and quality coverage.
Company |
Rating
|
Complaints
|
|---|---|---|
| Western National | Low | |
| State Farm | Average | |
| Auto-Owners | Low | |
| AAA | Low | |
| North Star Mutual | Average |
When comparing home insurance quotes, you should also consider factors like customer satisfaction and coverage options.
You may regret choosing a company with cheap rates but poor customer service when you file a claim. That's because companies that have a high number of complaints often have a lengthy and difficult claims process.
Natural disasters in Minnesota
Standard home insurance policies don't protect against flood damage.
Depending on where you live in Minnesota, you may need to protect yourself against flooding. If you live in a high-risk area, your mortgage company will likely require that you buy flood coverage.
However, even if you don't live in an area deemed high risk by FEMA , it's a good idea to consider flood insurance. Roughly 40% of flood insurance claims in Minnesota came from low- to moderate-risk areas.
Snowstorms are a statewide risk for Minnesota residents. Fortunately, most homeowners insurance policies will cover snow- and ice-related damage. However, you need to take precautions to protect against extreme weather. For example, your insurance company may deny your claim if you fail to turn off your pipes during a snowstorm.
Tips to save money on your Minnesota home insurance policy
You can save hundreds or even thousands of dollars a year by comparing homeowners insurance quotes.
Minnesota home insurance companies can charge wildly different rates for the same coverage. For example, switching from Country Financial to Western National could save Minnesota residents more than $2,000 each year without sacrificing coverage.
It's also a good idea to take advantage of discounts to lower your monthly rate. Depending on your situation, you may be eligible for multiple discounts.
For example, you could qualify for both a home-auto bundle discount if you buy car and home insurance through the same company and a new customer discount if you're switching from another home insurance company or you're buying a policy for the first time.
Raising your homeowners insurance deductible can lower your monthly rate. However, you should never raise your deductible beyond what you could easily pay from your savings.
Frequently asked questions
What's the best and cheapest company for homeowners insurance in Minnesota?
Western National has the best and cheapest homeowners insurance in Minnesota. At $1,472 per year for $350,000 of dwelling coverage, its rates are 35% below the state average. In addition, it gets significantly fewer complaints compared to an average insurance company of the same size.
What's the average cost of homeowners insurance in MN?
Homeowners insurance in Minnesota costs $2,254 per year on average. That's about 2% higher or $40 per year more than the national average of $2,151.
How much is home insurance in Duluth?
Home insurance costs $2,125 per year on average in Duluth for $350,000 to repair your home after a covered accident, called dwelling coverage. That's about 6% less than the Minnesota state average.
Methodology
ValuePenguin collected quotes from the largest home insurance companies in Minnesota across hundreds of ZIP codes. Rates are for a 45-year-old married man with no history of insurance claims.
Quotes include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. Quadrant's rates were taken from public filings and should only be used for comparative purposes.
Home insurance ratings were created using complaint data from the National Association of Insurance Commissioners (NAIC), the J.D. Power customer satisfaction survey and ValuePenguin's ratings.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.