State Farm has the cheapest renters insurance quotes in Minnesota — a policy costs $9 per month, on average.
Compare Cheap Renters Insurance in Minnesota
The best renters insurance combines affordability, coverage offerings and consistent customer service. To help you find the best renters insurance in Minnesota, we collected quotes from six of the largest companies in the state across the 25 most populated cities.
Finding cheap renters insurance in Minnesota
Minnesota renters can find the cheapest rates with State Farm. A policy from State Farm costs $111 per year, which is $74 per year cheaper than the state average.
The average cost of renters insurance in Minnesota is $15 per month, or $185 per year.
Compare Cheap Renters Insurance in Minnesota
Your quotes depend on a variety of factors, including which company you purchase your renters insurance from, your location, the coverage you choose, the material your house or apartment is made out of and your proximity to bodies of water.
Even if you choose the same limits as your neighbor, your quotes will probably be different. That's because your own claims history influences your insurance rates, along with your marital status, living situation and age.
That's why it's important to compare renters insurance quotes from multiple companies to find the best policy for you.
Best renters insurance for most people: State Farm
- Cheap quotes
- Highly rated customer service
- Few coverage upgrades available
The best renters insurance for most people in Minnesota comes from State Farm. On average, State Farm's rates are far cheaper than its competitors' rates. Renters insurance from State Farm costs about $9 per month, which is 40% cheaper than the average cost in Minnesota.
State Farm combines affordable prices with dependable customer service. Great customer service is important because it can help your life get back to normal faster if you ever have to file a claim. The company receives few complaints relative to its size, according to the National Association of Insurance Commissioners (NAIC). J.D. Power also ranked State Farm's service second among national insurance providers.
While State Farm boasts the cheapest renters insurance in Minnesota, that doesn't mean you'll be sacrificing effective coverage for affordability. However, you can't add as many extras as you could with other providers.
Best renters insurance for complete coverage: Nationwide
- Lots of extra protections available
- Rates align with state average
- Unreliable customer service
Renters looking for ways to upgrade a standard policy should consider Nationwide. Of the insurers we studied, Nationwide offers the most useful coverage add-ons. Coverage from Nationwide is also affordable — at $183 per year, or $15 per month, basic coverage is only slightly more expensive than the Minnesota average.
That said, Nationwide has poor customer service reviews. The company receives more customer complaints than other insurers based on its size and scored below average in J.D. Power's customer satisfaction study. The majority of complaints are about the length of the claims process, which means Nationwide may take longer to pay claims than competitors.
However, renters may find Nationwide's wide range of coverage options useful. Besides the personal property and liability coverages that most policies include, Nationwide also offers:
- Water-backup protection
- Replacement cost coverage
- Valuable items coverage
- Theft extension coverage
Best customer service: Amica
- Excellent customer service
- Lots of discounts
- Expensive quotes
Minnesota renters who value good customer service should consider Amica. Most renters are happy with their experience with Amica — the company receives only 12% as many claims as competitors of a similar size, according to the NAIC. In addition, Amica has a four-star (out of 5) ValuePenguin editor’s rating, which is based on customer service reviews, coverage options and the value it provides policyholders.
While the cost of renters insurance in Minnesota from Amica is expensive at $19 per month, you could save money by qualifying for the insurer's discounts, which include:
- Automatic payment discount
- Bundling discount
- Claim-free discount
- Loyalty discount
- Paperless discount
Average cost of renters insurance in Minnesota by city
Renters living in Saint Paul pay the highest insurance rates in Minnesota, while people in Cottage Grove and Eden Prairie pay the cheapest rates.
Renter's insurance doesn't vary much throughout the 25 largest cities and census-designated places in Minnesota. There's a difference of less than $2 per month between the most and least expensive cities analyzed.
Average annual cost
Difference from state average (%)
Best-rated renters insurance in Minnesota
Amica and USAA provide Minnesota renters with the best customer service in the state.
Excellent customer service is valuable. Although you probably won't contact your insurance company often, great service is extremely useful if you have to make a claim. That's why it's an important part of comparing quotes — paying extra for an insurer with a good reputation can be worth it if they're able to offer you a fast, easy claims process in the event of a disaster.
Frequently asked questions
How much is renters insurance in Minnesota?
Renters in Minnesota can expect to pay $185 per year, or $15 per month, on average.
Is renters insurance required in Minnesota?
Renters insurance is not a legal requirement in Minnesota. However, your landlord may require you to purchase a renters policy as part of your rental agreement.
How much does renters insurance in Minneapolis cost?
The average cost of renters insurance in Minneapolis is $196 per year, or $16 per month. That makes Minneapolis the second-most-expensive city in Minnesota for renters insurance. Saint Paul has the highest rates in the state at $200 per year.
We chose the best renters insurance in Minnesota by evaluating how each company met the three criteria below. Insurers with better performance in these areas were rated more highly than others.
- Affordability: How much renters can expect to pay for standard protection.
- Coverage options: The effectiveness of an insurer's standard and extra offerings.
- Customer service: The reputation for providing quick, fair service.
To compare affordability, we gathered 150 quotes from the 25 largest cities across Minnesota. Quotes are for a 25-year-old unmarried man with no prior claims history. We collected quotes for $30,000 of personal property coverage, $100,000 of liability and $1,000 of medical payments to others with a $500 deductible.
To rate insurers based on customer service, we compared three metrics for the state's largest insurers: the NAIC's Complaint Index, J.D. Power's Homeowners Insurance Study - Renters Insurance and ValuePenguin editor's ratings.