The Best and Cheapest Homeowners Insurance in Minnesota

The Best and Cheapest Homeowners Insurance in Minnesota

When it comes to choosing homeowners insurance, the best policy is one that combines low cost, high quality and features that fit your needs. We looked at thousands of quotes and reviews on home insurance providers across Minnesota to identify the best places to get coverage.

Compare Home Insurance Quotes from Providers in Minnesota

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We found that the best deal for a year of insurance on a typical Minnesota home costs $962. However, we also looked at complaint information and coverage details to identify the best overall choices for home insurance in the state. You can find our recommendations by category below.


Best for most people

Travelers logo
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Most affordable for most people

North Star logo
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Best for online tools

Allstate logo
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Best for high-value homes

Chubb logo
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Best homeowners insurance for most people: Travelers

Travelers offers Minnesotans customizable policies, but its standard homeowners insurance will meet the needs of most homeowners.
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Read the full review.

The best homeowners insurance for most property owners in Minnesota is Travelers. A standard homeowners insurance policy from Travelers is one of the most affordable in the state and covers a range of perils that could affect many homeowners, such as fire, wind and hail.

The average cost of homeowners insurance from Travelers is about $1,369 per year, or about 30% cheaper than Minnesota's statewide mean.

If you're looking for more coverage than what's afforded by Travelers' standard policy, you could upgrade your protection with features like replacement cost coverage, water backup protection, and $25,000 of identity fraud and restitution services.

Additionally, you could also add Travelers' green home endorsement. If you suffer a loss, you could choose to allot up to 10% of your reimbursement to rebuild your home with energy-efficient materials. This add-on also aids in the cost of recycling debris after a property loss.

Travelers also gives you many ways to reduce the cost of your homeowners insurance policy by offering a number of reasonably attainable discounts. You could save if you:

  • Bundle your policy with a car insurance policy from Travelers.
  • Purchased your home within 12 months of the start of your policy.
  • Have a clean insurance history.
  • Equip your home with protective devices, like smoke detectors or burglar alarms.
  • Own a home that's been certified green by LEED.

Most affordable homeowners insurance: North Star Mutual

North Star Mutual's homeowners insurance is the most affordable in Minnesota — and you may be able to save more money with its discounts.
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The most affordable homeowners insurance for most people in Minnesota is North Star Mutual, which charges an annual rate of $962 per year—50% cheaper than the typical cost of coverage in Minnesota. You might also be able to lower your premium by a maximum of 13% if you're eligible for discounts. You could save if you:

  • Live in a protected subdivision.
  • Are over the age of 55 and retired.
  • Own a home that's less than 14 years old.
  • Renew your policy at least three consecutive times.
  • Have recently upgraded your home.
  • Install fire alarms or other devices to protect your home.
  • Bundle your policy with North Star's auto insurance.

North Star's basic package comes with coverage for most perils, such as theft, vandalism and fire. However, you can add endorsements if you want more protection, including extended replacement cost coverage good for 125% of your policy's limit. However, add-ons will increase the cost of your policy.

Best for online tools: Allstate

Allstate has affordable rates and an exceptional online experience.
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Read the full review.

Of the homeowners insurance companies we surveyed, Allstate presents the best, most convenient online experience. You can use Allstate's online form to get a quote and purchase coverage in less than 10 minutes. Allstate's app lets you pay your bill, manage your claims and create an inventory of your personal property using the Digital Locker feature.

Allstate's prices make it one of the most affordable homeowners insurance providers in the state. The cost of home insurance from Allstate is typically about $1,430 per year, 26% cheaper than Minneosota's average price. Additionally, you can optimize your policy with Allstate's robust endorsement opportunities, which include:

  • Identity theft restoration services.
  • Green home improvement reimbursement.
  • Water and sump pump backup protection.
  • Yard and garden protection for damaged foliage and lawnmowers.
  • Electronic data recovery services.

The National Association of Insurance Commissioners (NAIC) reports that Allstate received zero complaints in Minnesota for its homeowners insurance claims service in 2018. Nationally, the provider receives fewer complaints than its size suggests, according to the NAIC's complaint index measurement.

Best for high-value homes: Chubb

Individuals can get can get specialty coverage for their high-value homes from Chubb's Masterpiece homeowners package.
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Read the full review

People who are looking to insure their expensive homes will get the best homeowners insurance coverage with Chubb. Chubb's Masterpiece homeowners insurance package includes higher limits for property protection and liability designed to appeal to its policyholders.

The average cost of homeowners insurance from Chubb is about $2,000 per year, only $50 more expensive than Minnesota's mean price of coverage.

Additionally, Chubb's homeowners insurance comes with a few uncommon benefits, like replacement cost coverage and a cash-out option: If you experience property damage, you can elect to keep your payment instead of rebuilding your home. The Masterpiece policy also includes:

  • Water backup protection.
  • Liability protection up to $100 million.
  • Reimbursement for rebuilding to adhere to changes in your city's building code.
  • An assessment of your home's security and its risks.

Chubb is well-known for the quality of its claims service. Chubb has the second best complaint index, as measured by the NAIC, in our survey. It receives nearly 90% fewer complaints than its market share would indicate.

Homeowners insurance companies with the best customer service in Minnesota

To find which company in Minnesota has the best customer service, we compared each provider's complaint index, as calculated by the National Association of Insurance Commissioners (NAIC). We also took into account the scores awarded by consumer analysts J.D. Power, as well as the insurers' financial strength reported by A.M. Best.

The NAIC's complaint index is computed by dividing a company's complaints with its share of the U.S. premiums market. A score of less than 1.0 means that a company receives fewer complaints than its size suggests. Conversely, an insurer with a complaint index of 1.50 gets about 50% more complaints than expected.

COUNTRY and Chubb have the best customer service of the homeowners insurance providers we surveyed, while Auto Club Group has the worst.

CompanyNAIC ValueJ.D. PowerA.M. Best
State Farm0.204/5A++
American Family0.693/5A
Farmers0.463/5A
Allstate0.343/5A+
Liberty Mutual0.532/5A
Travelers0.302/5A++
Auto Club Group0.993/5A-
North Star0.39Not ratedA+
Chubb0.142/5A++
COUNTRY0.133/5A+

Cheapest options for homeowners insurance in Minnesota

On average, the cost of homeowners insurance in Minnesota is about $1,952 per year. This rate is more expensive than the cost of coverage in the rest of the United States, which we calculated to be $1,083 annually. Additionally, we found no ZIP codes where the mean price of homeowners insurance was less than the national average—even though individual companies did sometimes offer cheaper rates.

The cheapest homeowners insurance company for most people in Minnesota is North Star Insurance, which offers coverage for $962 per year. On the other hand, homeowners insurance costs an average of $3,256 from Auto Club Group, the state's most expensive provider.

A bar graph showing the average costs of homeowners insurance in Minnesota
A bar graph showing the average costs of homeowners insurance in Minnesota

Compare Home Insurance Quotes from Providers in Minnesota

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Most common homeowners insurance perils in Minnesota: wind and snow

As a northern state that's also adjacent to the Great Plains region, Minnesota's homeowners can be affected by perils like strong winds and heavy snow. Fortunately, most homeowners insurance policies cover damage resulting from wind—even strong windstorms and tornadoes—and snow or ice.

Even though wind and snowy weather are commonly deemed covered perils by most homeowners insurance companies, sometimes there are provisions that could limit your protection. It's important that you understand how your policy would protect your property in the event of an extensive loss.

Does homeowners insurance cover wind damage?

Wind damage is typically included as a standard covered peril by most homeowners insurance policies. Even Minnesota's tornadoes and derechos are included in your policy's coverage. But if you're a property owner in part of Minnesota that's likely to experience wind damage, it's still a good idea to make sure your protection aligns with your total assets.

You should consider purchasing replacement cost coverage if your home is eligible. Most homeowners insurance policies only reimburse you for the worth of your depreciated property, but replacement cost coverage can ensure you're able to restore your home if it's destroyed by a covered peril.

Does homeowners insurance cover snow damage?

Most homeowners insurance companies include protection against damage that snow or ice can cause. Policies usually include coverage for the weight of snow or ice and for freezing. If snow accumulated on your roof and caused it to cave in, your policy would protect you.

Additionally, your policy's provision against water damage could apply if melting snow found its way into your house and soaked your things. As long as you're not responsible for water getting in, leaks are protected by most homeowners insurance policies. However, mold may be excluded from coverage, depending on its source.

Minnesota homeowners insurance rates: city-by-city breakdown

Using data from our collection of homeowners insurance rates in Minnesota, we found the average cost of coverage in each of the Gopher State's largest cities. Below, we've illustrated the typical price of homeowners insurance in Minnesota's 50 most populated cities and compared it with the state's average.

The most expensive cities for homeowners insurance in Minnesota are New Brighton, Inver Grove Heights and Burnsville. On the other hand, Rochester and Duluth are among the cheapest places to purchase coverage.

CityAverage% of statewide average
Minneapolis$2,0545%
St. Paul$2,0334%
Rochester$1,823-7%
Duluth$1,837-6%
Bloomington$1,9801%
Brooklyn Park$2,0344%
Plymouth$1,9992%
Maple Grove$2,0425%
Woodbury$2,0002%
St. Cloud$1,9952%
Eagan$1,9832%
Lakeville$2,0033%
Blaine$1,925-1%
Eden Prairie$1,9560%
Coon Rapids$1,9500%
Burnsville$2,0626%
Apple Valley$2,0033%
Minnetonka$2,0525%
Edina$1,935-1%
St. Louis Park$2,0163%
Moorhead$1,9470%
Mankato$1,924-1%
Shakopee$2,0043%
Maplewood$2,0153%
Cottage Grove$1,9932%
Roseville$1,9872%
Richfield$1,937-1%
Inver Grove Heights$2,0646%
Andover$1,914-2%
Savage$2,0435%
Brooklyn Center$1,901-3%
Oakdale$1,9912%
Fridley$1,891-3%
Shoreview$1,9912%
Ramsey$2,0445%
Prior Lake$2,0143%
Winona$1,930-1%
Chaska$2,0264%
White Bear Lake$1,9972%
Owatonna$1,9791%
Chanhassen$2,0043%
Champlin$1,9621%
Austin$1,890-3%
Elk River$2,0244%
Rosemount$2,0203%
Faribault$2,0063%
Farmington$1,925-1%
Crystal$1,872-4%
New Brighton$2,0827%
Hastings$1,9530%

How did we pick the best homeowners insurance companies?

We evaluated the prices, features and customer service of 10 of Minnesota's largest homeowners insurance companies. With a sample home worth $224,000 and built in 1975, we requested quotes from every one of the state's ZIP codes. These numbers together align with the median year-built and worth of Minnesota's owner-occupied homes.

We obtained quotes from:

  • State Farm
  • American Family
  • Farmers
  • Allstate
  • Liberty Mutual
  • Travelers
  • Auto Club Group
  • North Star
  • Chubb
  • COUNTRY Financial

ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only—your own quotes may be different.

Chris Moon

Chris is a Product Manager for ValuePenguin with years of experience in addressing critical questions about mortgages and homeowners insurance. He spends his time evaluating insurance providers and policy features to understand where consumers might find the most cost-effective coverage. Chris has contributed insights to the New York Times and many other publications.

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.