Updated: May 21, 2026
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Minnesota homeowners pay about $208 monthly or $2,492 yearly for home insurance, ranking as the twenty-third most affordable state nationally.
Determine your coverage needs, gather multiple quotes and research providers to find the best home insurance in Minnesota for your situation.
MoneyGeek's free home insurance calculator helps you estimate costs in seconds without entering any personal information to get started.
Minnesota's average home insurance premium costs $208 monthly or $2,492 annually. This is $81 less per month than the national average, saving residents $975 yearly. Minnesota ranks 23rd most expensive nationwide for home insurance coverage.
Our free Minnesota home insurance calculator below estimates costs based on your property details and preferred coverage.
| Minnesota | $2,492 | $3,467 | -28% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
Minnesota home insurance costs vary based on multiple factors. Your location, coverage limits, home's construction materials, insurance company, credit score and claims history all impact your premium, though each one plays a different role in what you'll pay.
Minnesota homeowners pay $1,340 to $8,065 annually, depending on how much coverage they choose. A policy with $100,000 in dwelling coverage starts at $112 per month. Bump that up to $250,000 in dwelling coverage and your monthly cost rises to $208. Homes needing $1 million in dwelling coverage run $672 per month.
| $100K Dwelling / $50K Personal Property / $100K Liability | $112 | $1,340 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $208 | $2,492 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $382 | $4,585 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $520 | $6,244 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $672 | $8,065 |
Rates across Minnesota's cities span from $2,135 to $2,662 per year. Rochester has the lowest average at $178 per month, which is $527 less annually than Saint Paul, the priciest city in the data set. Saint Paul and Minneapolis homeowners pay more partly because of higher property values and more frequent claims.
| Cass Lake | $198 | $2,374 |
| Hopkins | $205 | $2,460 |
| Minneapolis | $216 | $2,593 |
| Rochester | $178 | $2,135 |
| Saint Paul | $222 | $2,662 |
| Steen | $212 | $2,540 |
You can save money based on which insurer you choose. For instance, Auto-Owners  charges $1,728 annually compared to Allstate's $3,403.
| Auto-Owners Insurance | $144 | $1,728 |
| Chubb | $164 | $1,972 |
| North Star Mutual | $181 | $2,168 |
| Farmers | $193 | $2,316 |
| American Family | $206 | $2,477 |
| State Farm | $224 | $2,682 |
| COUNTRY Financial | $266 | $3,189 |
| Allstate | $284 | $3,403 |
Your credit score is one of the bigger pricing factors in Minnesota home insurance. Homeowners with poor credit pay more than four times what those with excellent credit pay annually.
| Excellent | $126 | $1,512 |
| Good | $208 | $2,492 |
| Below Fair | $311 | $3,732 |
| Poor | $594 | $7,125 |
Home age affects insurance costs in Minnesota. Homes built in 2020 average $1,967 annually, while homes from 1980 cost around $2,492 per year. Newer properties cost about $525 less to insure than middle-aged homes each year.
| Newer | $164 | $1,967 |
| Older | $204 | $2,446 |
| Middle Age | $208 | $2,492 |
Minnesota homeowners pay 28% less than the national average for home insurance, one of the lowest rates in the country.
Minnesota only experiences 1.4 disaster events each year, according to the National Oceanic and Atmospheric Administration. Minnesota's geographic position protects homeowners from these extreme loss events that drive up insurance costs in coastal and western states.
Minnesota enforces rigorous construction standards that reduce claim frequency and severity. Minnesota state building codes require wind resistance, proper insulation for extreme cold and strict electrical standards.Â
Modern homes built to these specifications experience fewer weather-related losses and mechanical failures. Newer construction represents lower risk for insurers, allowing them to offer more attractive premium rates for compliant properties.
Much of Minnesota remains rural or suburban, with only 71 households per square mile, according to the U.S. Census Bureau. This reduces theft and vandalism claims common in densely populated urban areas. Lower crime rates translate directly to fewer property claims and reduced insurance payouts.
We give ways to find the cheapest home insurance in Minnesota.
Base your dwelling coverage on replacement costs, not your home's market value. Document your belongings with photos and receipts to decide on personal property limits.
Consider water backup coverage for basement protection and scheduled personal property riders for high-value items.
Use MoneyGeek's free Minnesota calculator to estimate fair pricing and ask about discounts.
Newer homes, security installations, claim-free records and multiple protective devices each reduce your premium.
Collect quotes from at least three insurers, comparing more than just premium costs.
Combine home and auto insurance with the same provider to reduce rates on both policies. Bundling discounts in Minnesota range from 10% to 25% annually.
Install safety features like smoke detectors, security systems or storm shutters to reduce premiums.
The FAQs below explain what affects your rates and help you understand potential expenses for coverage in the state.
Your homeowners insurance premium jumps by $397 after one claim and $730 after two claims compared to claim-free customers. Homeowners without any claims in the past five years pay $2,492 annually on average.
One claim pushes your rate to $2,888 per year, while two claims increase your annual cost to $3,222. Keep in mind that filing claims stays on your record for five years, so you'll pay these higher rates throughout that period.
Standard insurance covers wind, hail, lightning and fire damage, the most common perils in the state. But standard policies exclude flood and earthquake damage, requiring separate coverage.Â
Water backup from sewer or drain issues also needs an additional endorsement, which Minnesota homeowners should strongly consider, given basement flooding risks. Review your policy's specific perils section to understand exact coverage.
Minnesota home insurance covers sudden water damage from ice dams under your dwelling coverage, but with important limitations. Insurers cover damage to your home's interior, walls, ceilings and floors when melting ice infiltrates through the roof. But most policies exclude damage to the roof itself and gutters from ice accumulation.Â
Some insurers also limit coverage if you failed to maintain adequate attic insulation or ventilation. Check your policy's water damage and maintenance provisions, and consider installing heat cables or improving attic insulation to prevent ice dam formation.
Home age impacts insurance costs. Older homes cost about 24% more to insure than newer properties. A home built around 1980 averages $2,446 annually, while a newer home from around 2020 costs $1,967 per year. That's a difference of $479. Middle-aged homes from around 2000 fall between these at $2,492 annually.
Older homes carry higher premiums because they face greater risks from aging infrastructure. Outdated electrical wiring, old plumbing systems and worn roofing materials are more likely to fail and trigger insurance claims.
Maintaining a claim-free record for five years saves $396 annually compared to having one claim, and $730 yearly versus two claims. Raising your deductible from $500 to $1,000 reduces premiums by $181 annually.Â
While higher deductibles mean larger out-of-pocket expenses during claims, the yearly savings build up over time. Contact insurers about discounts for bundling policies, security system installations, or newer home features. These reductions can meaningfully lower your annual costs.
We calculated Minnesota home insurance estimates using real rate data and a consistent methodology that isolates how different factors affect your costs.
Our analysis uses a standard homeowner profile: $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible. The home is modeled as built in 2000 with frame construction and a composition roof, with no claims filed in the past five years.
The $250,000 dwelling amount reflects median home values across many Minnesota markets, and the 2000 construction year represents the most common age range for homes in the state.
We tested each factor by changing one variable while keeping everything else constant. For example, when studying how home age affects premiums, we compared houses built in 1980, 2000 and 2020 using the same coverage amounts and homeowner characteristics.
Your actual premiums will vary based on your home's construction, roof condition, location, coverage choices, claims history, credit profile and insurance company.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He writes about economics and insurance on MoneyGeek so people can make coverage decisions with confidence. His insurance insights have been featured in The Washington Post, The New York Times and NPR, among other media outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data, and no insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time Jeopardy champion!
