The Best Home Insurance in Minnesota for 2024

We analyzed rates and companies across the state to find the best and most affordable options.
Kayda Norman
Sarah Schlichter
By Sarah Schlichter and  Kayda Norman 
Updated
Edited by Caitlin Constantine

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The average cost of homeowners insurance in Minnesota is $1,685 per year, or about $140 per month, according to a NerdWallet analysis. For comparison, the national average is $1,820 per year.

We’ve analyzed rates and companies across the state to find the best homeowners insurance in Minnesota. Our sample rates are for a homeowner with good credit and $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. Your rates will be different.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

The best homeowners insurance in Minnesota

If you’re looking to buy homeowners insurance from a well-rated brand, consider one of these insurers, all of which have a NerdWallet star rating of 4.5 or higher.

Company

NerdWallet star rating

Average annual rate

5.0

NerdWallet rating 

$1,665

5.0

NerdWallet rating 

$2,935

4.5

NerdWallet rating 

$1,170

Auto Club Group (AAA)

4.5

NerdWallet rating 

$1,600

4.5

NerdWallet rating 

$1,635

4.5

NerdWallet rating 

$1,885

More about the best home insurance companies in Minnesota

See more details about each company to help you decide which one is best for you.

insurance-product-card-logo

Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Chubb generally serves affluent policyholders with high-value homes, offering lofty coverage limits and plenty of perks. For example, the company covers water damage from backed-up sewers and drains, and pays to bring your home up to the latest building codes during reconstruction after a claim. (Many insurers charge more for these types of coverage.)

Chubb policyholders may also be able to take advantage of the company’s HomeScan service, which uses infrared cameras to look for problems behind the walls of your home.


insurance-product-card-logo

Country Financial

5.0

NerdWallet rating 
Best for those who prefer to have a personal conversation with an agent when choosing coverage.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Country Financial

5.0

NerdWallet rating 
Best for those who prefer to have a personal conversation with an agent when choosing coverage.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Country Financial has three different levels of homeowners coverage to help you choose the package that’s best for you. You also have the option to add extra coverage for the structure of your home, in case inflation drives up the cost of rebuilding more than you expect.

Country Financial sells homeowners insurance through local representatives. The company has drawn far fewer complaints than expected to state regulators.


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Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Based in Michigan, Auto-Owners has been in business for more than a century. Its homeowners policies include all the basics, but you can also add coverage for things like identity theft or the failure of major appliances. Guaranteed replacement cost coverage is another optional add-on, enabling you to rebuild your home after a total loss even if your dwelling coverage limit is too low.

Auto-Owners sells homeowners insurance through independent agents.


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Auto Club Group

4.5

NerdWallet rating 
Sells homeowners insurance on behalf of AAA in states like North and South Carolina.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Auto Club Group

4.5

NerdWallet rating 
Sells homeowners insurance on behalf of AAA in states like North and South Carolina.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Auto Club Group is one of several companies selling AAA-branded homeowners insurance policies. Rewards like cash back or credits toward your deductible may be available for going a year or more without a claim.

You may also be able to save on your premiums by bundling home and auto insurance. However, you’ll want to weigh the savings against the cost of AAA membership, which may be required in order to buy a policy.

Get more information in our AAA home insurance review.


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State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

As America’s largest insurer, State Farm stands out for its long list of coverage options. Its policies generally include extra dwelling coverage in case it costs more than expected to rebuild your home after a covered disaster. You may also be able to add coverage for things like identity theft, damage from backed-up drains and personal injury liability.

State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.


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American Family

4.5

NerdWallet rating 
Customizable coverage for homeowners in select states, mostly in the West and Midwest.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

American Family

4.5

NerdWallet rating 
Customizable coverage for homeowners in select states, mostly in the West and Midwest.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Founded in Madison, Wisconsin, American Family receives fewer consumer complaints than expected for a company of its size. You may be able to customize your policy with optional add-ons such as identity theft, equipment breakdown or service line coverage, which pays for repairs to water, power or other underground lines that run to your house.

Homeowners may be able to save on their premiums by installing smart-home devices, bundling multiple policies or setting up automatic payments.

Get more information in our American Family homeowners insurance review.

How much does homeowners insurance cost in Minnesota?

The average annual cost of home insurance in Minnesota is $1,685. That’s 7% less than the national average of $1,820.

In most U.S. states, including Minnesota, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Minnesota, those with poor credit pay an average of $3,985 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s more than double the rate of those with good credit.

Average cost of homeowners insurance in Minnesota by city

What you pay for homeowners insurance in Minnesota depends on where you live. For example, the average cost of home insurance in Minneapolis is $1,845 per year, while homeowners in Rochester pay $1,530 per year, on average.

City

Average annual rate

Average monthly rate

Andover

$1,785

$149

Anoka

$1,775

$148

Burnsville

$1,805

$150

Cottage Grove

$1,780

$148

Duluth

$1,615

$135

Eden Prairie

$1,815

$151

Elk River

$1,755

$146

Farmington

$1,800

$150

Hopkins

$1,830

$153

Lakeville

$1,805

$150

Mankato

$1,660

$138

Maple Grove

$1,810

$151

Minneapolis

$1,845

$154

Moorhead

$1,665

$139

Osseo

$1,835

$153

Rochester

$1,530

$128

Shakopee

$1,810

$151

St. Cloud

$1,640

$137

St. Paul

$1,830

$153

Stillwater

$1,805

$150

The cheapest home insurance in Minnesota

Here are the insurers we found with average annual rates below the Minnesota average of $1,685.

Company

NerdWallet star rating

Average annual rate

Secura*

Not rated

$955

4.5

NerdWallet rating 

$1,170

4.0

NerdWallet rating 

$1,315

North Star

4.0

NerdWallet rating 

$1,365

Western National

Not rated

$1,420

Auto Club Group (AAA)

4.5

NerdWallet rating 

$1,600

4.5

NerdWallet rating 

$1,635

5.0

NerdWallet rating 

$1,665

*Secura homeowners policies are available only as part of a home/auto bundle.

What to know about Minnesota homeowners insurance

Minnesotans are very aware of the harsh weather that can accompany living in the state. When shopping for homeowners insurance in Minnesota, you’ll want to consider the potential damage from severe weather, such as winter storms, hail, flooding and more.

If you aren’t sure about what your policy covers, contact your insurer to get more details.

Winter storms

Minnesota is known for its severe winters, including heavy snowfall, ice storms and freezing temperatures. These winter storms bring with them a host of issues, from fallen trees and collapsed roofs to burst pipes.

A standard homeowners policy typically covers damage from winter storms, but it's important to review your policy to make sure you have adequate coverage. You’ll also need to make sure you’re taking the appropriate steps to protect your home. For example, damage from frozen pipes may not be covered if you leave your heat off while out of town.

Some types of winter weather damage might require extra coverage. For example, your homeowners policy likely won’t pay for damage due to a backed-up drain or sewer caused by snowmelt. You’ll need to add that coverage to your policy.

Hail

Large hail storms can significantly damage your property, and Minnesota sees plenty of them. While your insurance policy may cover hail damage, it’s important to review it carefully, as many Minnesota homeowners are now finding this coverage only kicks in when there’s been substantial damage to their home’s siding or roof.

You may also have a separate deductible for wind or hail damage. These deductibles are often either a flat rate, such as $1,000, or a percent of your dwelling coverage. For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for hail or wind claims. So if your house has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of hail damage yourself.

Tornadoes

Although tornadoes are uncommon in Minnesota, they do happen, particularly in the southern part of the state that’s closest to Tornado Alley. Tornadoes can cause extensive damage to homes, including roof damage, broken windows, and structural damage.

Standard homeowners insurance will cover tornado damage. However, you should still review your policy carefully, as there may be a separate deductible for wind damage.

Flooding

Minnesota is known as the Land of 10,000 Lakes. That, combined with heavy rain and snowmelt, means flooding is a key consideration for Minnesota homeowners. However, most standard homeowners insurance policies do not cover flood damage. In Minnesota, 40% of flood claims came from outside high-risk areas. As a result, you may want to consider purchasing separate flood insurance coverage through the National Flood Insurance Program.

To find out if you’re at risk, check out the Federal Emergency Management Agency's flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is considered low risk, it may be worthwhile to purchase flood insurance for extra peace of mind.

Remember that while you can buy flood coverage anytime, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.

Wildfires

Dry conditions can lead to wildfires in heavily wooded areas of the state, which can be devastating to homeowners in wildfire-prone areas. Homeowners insurance typically covers damage from fires, but it's important to review your policy to ensure adequate coverage and to take steps to protect your home if it could be at risk.

Pay particular attention to your dwelling coverage limit. This is the amount the insurance company will pay to rebuild your house. A significant fire can destroy your whole home, so review your policy and discuss it with your insurance agent to be sure your coverage can help you rebuild if necessary.

Minnesota insurance department

The Minnesota Commerce Department’s Insurance Division oversees the state’s insurance industry and provides consumer protection and information. For example, it provides resources on what’s frequently covered under homeowners insurance policies and tips for filing a claim with your insurance.

The Minnesota Commerce Department’s Insurance Division is also your go-to location to file a complaint against your insurance company through its online portal. If you have questions about filing a complaint, contact the customer service department via email at [email protected] or toll-free at 800-657-3602.

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Looking for more insurance in Minnesota?

Amanda Shapland contributed to this story.

A previous version of this article incorrectly stated the average cost of homeowners insurance in Minnesota. It has been corrected.

Frequently asked questions

Homeowners insurance isn’t legally required in Minnesota, but your mortgage lender may require you to buy it. For more information, read Is Homeowners Insurance Required?

There are several ways to save money on homeowners insurance in Minnesota:

  • Shop around to make sure you’re getting the best rate.

  • Choose a higher deductible. In case of any claims, you’ll pay more out of pocket, but your premiums will be lower.

  • Bundle your home and auto insurance for a lower overall rate. See the best home and auto insurance bundles.

  • Ask your insurer if you qualify for any home insurance discounts.

Methodology

NerdWallet averaged rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.

Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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