Updated: August 13, 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.
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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.
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:
Aug 13, 2026
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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.
Just 1.4 disaster events a year hit Minnesota, according to the National Oceanic and Atmospheric Administration. The kind of extreme loss events that push up insurance costs in coastal and western states are rare here, thanks to the state's geographic position.
Claim frequency and severity both drop under the rigorous construction standards Minnesota enforces. Wind resistance, proper insulation for extreme cold and strict electrical standards are all required by Minnesota state building codes.
Fewer weather-related losses and mechanical failures come from homes built to these modern specifications. Lower risk for insurers is the direct result, which translates into more attractive premium rates for compliant properties.
Only 71 households per square mile populate much of rural and suburban Minnesota, according to the U.S. Census Bureau. Theft and vandalism claims, common in densely populated urban areas, drop off as a result. Fewer property claims and smaller insurance payouts follow directly from that lower crime picture.
We give ways to find the cheapest home insurance in Minnesota.
Replacement costs, not your home's market value, should set your dwelling coverage. Photos and receipts of your belongings are what you need to nail down accurate personal property limits.
Water backup coverage for your basement and scheduled personal property riders for high-value items round out the picture.
Fair pricing gets easier to estimate with MoneyGeek's free Minnesota calculator, and asking about discounts while you're at it can pay off.
Your premium can come down from a newer home, security installations, a claim-free record or multiple safety devices.
Three insurers, at least, should be on your list for quotes, and premium cost shouldn't be the only thing you compare.
Rates on both policies can drop when the same provider handles your home and auto insurance together. Minnesota's bundling discounts run from 10% to 25% a year.
Lower premiums can follow from installing smoke detectors, security systems or storm shutters.
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.
Wind, hail, lightning and fire damage, the most common perils in the state, fall under standard coverage. Flood and earthquake damage don't, though, so separate coverage becomes necessary for those.
An additional endorsement is also needed for water backup from sewer or drain issues, and given basement flooding risks, Minnesota homeowners should take that seriously. 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.
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.
A five-year claim-free record is worth $396 a year over having one claim, and $730 a year over having two. Bumping your deductible from $500 to $1,000 knocks $181 a year off your premium.
Larger out-of-pocket expenses during claims are the tradeoff for a higher deductible, but the yearly savings add up over time. Contact insurers about discounts for bundling policies, security system installations or newer home features. Stacked together, these reductions can lower your annual costs noticeably.
Actual rate data and a consistent methodology that isolates how different factors affect your costs went into MoneyGeek's Minnesota home insurance estimates.
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.
Mark Fitzpatrick, a licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident expert in insurance and economics. He has spent nearly a decade covering the market, first at LendingTree and now at MoneyGeek, where he analyzes hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College before earning a master's in economics and international relations from Johns Hopkins University. Before MoneyGeek, he worked in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
