Find Cheap Homeowners Insurance Quotes in Your Area
After collecting thousands of quotes from across Minnesota, we determined that Travelers is the best homeowners insurance for most people in the state. Although homeowners insurance in Minnesota costs about $1,952 per year, Travelers sells policies that are about $600 cheaper. To view quotes from providers near you, enter your information in the quotebox above, or keep reading our analysis of Minnesota's top homeowners insurance providers.
Best homeowners insurance for most people: Travelers
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
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
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
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.
COUNTRY and Chubb have the best customer service of the homeowners insurance providers we surveyed, while Auto Club Group has the worst.
|Company||NAIC Value||J.D. Power||A.M. Best|
|Auto Club Group||0.99||3/5||A-|
|North Star||0.39||Not rated||A+|
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.
Find Cheap Auto Insurance Quotes in Your Area
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.
|City||Average||% of statewide average|
|St. Louis Park||$2,016||3%|
|Inver Grove Heights||$2,064||6%|
|White Bear Lake||$1,997||2%|
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
- Liberty Mutual
- Auto Club Group
- North Star
- 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.