Updated: October 27, 2025
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Homeowners insurance in Minnesota costs an average of $2,106 annually, $317 below the national average of $2,423. Credit rating has the largest impact on your premium beyond coverage amount. The difference between excellent and poor credit reaches $7,480 on average.
If your rates have increased, compare quotes from Minnesota’s most affordable insurers to find the cheapest policies in the state.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Oct 28, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Minnesota, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Minnesota as of 2024.
Minnesota homeowners pay $2,106 annually for insurance, below the national average of $2,423. This rate applies to a typical policy: $250,000 dwelling coverage, $125,000 personal property and $200,000 liability.
Knowing how much coverage you need helps you protect your home without spending more than necessary. In Minnesota, a standard policy with $100,000 in dwelling coverage costs around $1,169 per year, while homes needing $500,000 in coverage pay closer to $3,662 annually.
Since premiums rise with higher coverage limits, consider your home’s value and replacement cost when deciding how much protection to carry.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,169 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,106 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,662 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,025 |
Homeowners insurance rates vary between Minnesota insurers, even for identical coverage. One company charges $1,144 annually while another quotes $3,933 for the same policy limits.
Shopping around pays off. There are many great providers. Each evaluates risk differently, creating dramatic price differences when comparing quotes.
| Auto-Owners Insurance | $1,144 |
| North Star Mutual | $1,528 |
| Chubb | $1,535 |
| Farmers | $1,621 |
| American Family | $2,031 |
| State Farm | $2,254 |
| Encompass | $2,800 |
| COUNTRY Financial | $3,933 |
Poor credit costs Minnesota homeowners dearly. Those with low credit scores pay $9,081 annually for homeowners insurance, $6,975 above the state average of $2,106. Homeowners with excellent credit pay just $1,601, saving $505 compared to average. Insurers charge more because they view lower credit scores as higher risk.
Rebuilding credit takes time, but you can cut costs now by comparing rates. Shopping around reveals which insurers offer the most competitive rates for your situation. Getting quotes takes just minutes.
| Poor | $9,081 |
| Below Fair | $4,429 |
| Fair | $2,926 |
| Good | $2,106 |
| Excellent | $1,601 |
Your roof type affects your premium, though not as much as credit score or coverage limits. Minnesota homeowners with tile roofs pay less because tile withstands damage better than other materials. Shake-treated roofs cost more to insure since they're vulnerable to severe weather.
Construction materials also impact rates. Fire-resistant materials lower premiums. Homes built with brick or concrete typically cost less to insure than standard frame construction.
Use the filterable table below to see how different materials affect your premium.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,169 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,106 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,662 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,025 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $6,512 |
New construction in Minnesota costs less to insure. Homeowners pay $1,548 annually, $558 below the state average for existing homes.
Modern materials and up-to-date building codes mean fewer risks for insurers, translating to lower premiums. The table below shows how rates differ between new and existing homes at various coverage levels.
| Existing Construction (2000) | $2,106 |
| New Construction (2023) | $1,548 |
Minnesota homeowners with no claims in the past five years pay $2,106 annually for insurance. One claim in that period raises the average premium to $2,582. Two claims push it to $3,013. A clean claims history saves money, with the difference reaching $907 yearly for multiple claims.
| Claim free for 5+ years | $2,106 |
| 1 claim in past 5 years | $2,582 |
| 2 claims in past 5 years | $3,013 |
In Minnesota, natural disasters like flooding and tornadoes are big risks to homes. Homeowners Insurance usually covers wind damage but most don't cover floods.
Homeowners insurance premiums vary across Minnesota cities. Rochester has the lowest rates at $1,828 annually, while Minneapolis homeowners pay the most at $2,233. St. Paul comes in just below Minneapolis at $2,225.
Your location affects your rate because insurers account for local risks like weather patterns and crime rates. However, credit score and home characteristics play a bigger role in your final premium than location.
| Minneapolis | $2,233 |
| Rochester | $1,828 |
| St. Paul | $2,225 |
Finding affordable homeowners insurance in Minnesota is easier when you know where to start. Compare quotes from several insurers, understand the coverage you actually need, and ask about available discounts. Here’s how to find the best deal:
Evaluate your home’s value and determine how much coverage you need to stay fully protected.
Review different prices and compare quotes from multiple insurers to find the best balance between cost and coverage.
Ask about bundling options, loyalty rewards, and other savings opportunities that could lower your premium.
Choose insurers known for financial strength and reliable customer service.
A higher deductible can reduce your monthly premium, but make sure it’s an amount you can afford to pay out of pocket if you file a claim.
Review your policy carefully to understand what’s included, what’s excluded, and any limits that apply.
Minnesota homeowners can save by bundling home and auto insurance policies. A multipolicy bundle saves an average of 18% on premiums. The potential savings range from about $285 to over $1,020. MoneyGeek has done a bundle analysis comprehensively for Minnesota.
Minnesota homeowners can take advantage of several insurance discounts to help lower their premiums:
For more ways to reduce your premium, check out our guide on how to shop and save on homeowners insurance. Be sure to ask about all available discounts when you request quotes.
Auto-Owners Insurance offers some of the lowest rates in Minnesota, with premiums starting at around $1,144 per year. For additional choices, explore cheap national providers.
Most Minnesota home insurance policies include coverage for hail, windstorms and wildfires. For flood-related damage, you’ll need separate protection. Learn more about natural disaster coverage.
Credit rating plays the largest role in determining home insurance costs. The rate difference between excellent and poor credit can reach as much as $7,480 statewide.
Bundling home and auto insurance can save you up to $1,021 per year. Learn more about the best home-auto bundle options available.
If you’re shopping for homeowners insurance in Minnesota, the following resources can help you make informed choices and find reliable coverage:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
