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Ross Martin

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Renata joined The Zebra in 2020 as a Customer Experience Agent. Since 2021, she has worked as licensed insurance professional and content strategist.…

Minnesota homeowners insurance: what you need to know

The average cost of home insurance in Minnesota is $1,773 per year or $148 per month. This is slightly greater than the national average. The easiest way to find a cheap home insurance policy in Minnesota is to shop around and compare rates from as many insurance companies as you can. 

Major discrepancies exist in homeowners insurance costs on a state-by-state basis. Home insurance costs in states differ depending on the number of — and value of — home insurance claims filed across the state, and also on the value of the belongings and property you're covering.

Learn more about homeowners insurance costs in Minnesota by referencing the below data. Remember: your rates may differ, depending on your coverage limits.

Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage

The cheapest home insurance companies in Minnesota

Homeowners insurance rates in Minnesota differ depending on which insurance company you use. Liberty Mutual provides the most affordable homeowners insurance in Minnesota — $1,046 each year. This compares favorably to the state's mean rate of $1,773, providing a $727 discount on the typical rates in the state.

Get a head start on looking for cheap home insurance by reviewing the cheapest Minnesota carriers, listed below. Then, see our list of home insurance companies rated best for customer service and other factors.

Insurer Average Yearly Rate in Minnesota
Liberty Mutual $1,046
Western National $1,120
North Star $1,405
Travelers $1,538
AAA $1,549

Minnesota home insurance prices by coverage levels

The amount of homeowners coverage you select has an impact on your insurance rates. In Minnesota, carrying $200,000 dwelling coverage costs an average of $1,312 per year, while maintaining coverage up to $400,000 costs as much as $2,256 per year.

Coverage Level Average Annual Cost
$100,000 Dwelling $846
$200,000 Dwelling $1,312
$250,000 Dwelling $1,561
$400,000 Dwelling $2,256

Homeowners insurance deductibles in Minnesota

Among the numerous choices faced by homeowners when buying an insurance policy is where to set the deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible level you choose can change how much you pay in insurance premiums.

When considering your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. This means that those seeking lower insurance costs will want to consider a higher homeowners deductible. Keep in mind that your deductible should only be set as high as you can reasonably pay if you suffer a loss.

Below are some commonplace deductible options offered on most home policies as well as with related average insurance costs.

Deductible Tier Average Annual Home Insurance Rate
$500 $1,683
$1,000 $1,561
$1,500 $1,459
$2,000 $1,368
$5,000 $1,154


Minnesota homeowners insurance costs by city

Not all Minnesota cities have equal homeowners insurance rates. Prices depend on local variables such as the likelihood of weather-related claims in the area, meaning your ZIP code could have a major impact on how much you pay.

The cheapest home insurance in Minnesota is found in Rochester. In Rochester, the typical home insurance policy costs $1,682 every 12 months — $91 less than the average homeowners policy in other Minnesota cities. Reference the below table to see the cheapest cities in Minnesota for home insurance.

City Average 12-Month Home Insurance Rate
Rochester $1,682
Moorhead $1,714
Duluth $1,722
Mankato $1,790
Maple Grove $1,870


Looking for information on homeowners insurance in a specific city? Check out our breakdown of large Minnesota cities:

  1. Minneapolis
  2. St. Paul


Home and auto insurance bundling in Minnesota

If you want to save, consider purchasing your home and auto policies from the same insurance company. A home and auto insurance bundle in Minnesota can save you a substantial sum each month on auto insurance. In fact, bundling policies in Minnesota lead to a yearly discount of $156.


Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,272 $1,116 $156 14%



Minnesota homeowners insurance FAQs


Does homeowners insurance cover an improperly installed metal roof in Minnesota?

Homeowners insurance will not cover an improperly installed metal roof because it wasn't caused by an unpredictable, sudden event. You would need to dispute this with the original installer of the metal roof.

Who holds homeowners insurance companies accountable in Minnesota?

Other than the insurance commissioner of Minnesota, the National Association of Insurance Commissioners (NAIC) is the regulatory body that governs insurance state-by-state on a national level.



Natural disaster coverage in Minnesota


Does homeowners insurance cover flooding in Minnesota?

Flood damage — whether a byproduct of a downpour or a hurricane —is not covered by homeowners insurance policies. To insure your home against flood damage in Minnesota, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

Find an affordable homeowners policy in Minnesota today!

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About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.