Renters Insurance

The Best Cheap Renters Insurance in Minnesota

The Best Cheap Renters Insurance in Minnesota

State Farm has the cheapest renters insurance quotes in Minnesota — a policy costs $9 per month, on average.

Compare Cheap Renters Insurance in Minnesota

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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.

Bar graph comparing renters insurance rates in Minnesota by company

Compare Cheap Renters Insurance in Minnesota

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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.

Monthly cost
State Farm logo
State Farm$9
Nationwide logo
Travelers logo
Allstate logo
Farmers logo
Amica logo

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

With Minnesota's lowest renters insurance rates, State Farm pairs affordability with dependable customer service.

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The good:

  • Cheap quotes
  • Highly rated customer service

The bad:

  • 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

Nationwide allows renters to choose from a number of useful add-ons while offering affordable rates.

Read the full review

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The good:

  • Lots of extra protections available
  • Rates align with state average

The bad:

  • 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

Amica offers Minnesota renters superior customer service, and its sizable list of discounts could reduce the cost of coverage for many.

Read the full review

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The good:

  • Excellent customer service
  • Lots of discounts

The bad:

  • 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 (%)
Apple Valley$1882%
Brooklyn Park$183-1%
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Best-rated renters insurance in Minnesota

Amica and USAA provide Minnesota renters with the best customer service in the state.

Both companies receive fewer complaints than their size would indicate, according to the NAIC. In addition, ValuePenguin editors awarded Amica and USAA high scores due to the overall value they provide policyholders.

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.

State Farm

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.

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.