Updated: November 29, 2024
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In Rochester, Minnesota, Chubb is both the overall best and the cheapest choice for home insurance. If customer service is your priority, Chubb remains the best option.
Choosing the best cheap home insurance depends on your individual needs and preferences, like cost considerations, desired coverage or service quality.
Best HomeInsuranceRochester, MNTable of Contents
Why Trust MoneyGeek?
We used data and rates from the Minnesota Department of Commerce's Insurance Division and Quadrant Information Services to select the top homeowners insurance options in Rochester.
Home insurance premiums in Rochester represent the latest available quotes as of September 2024.
MoneyGeek found that Chubb is the best option in Rochester, Minnesota, for home insurance with 100K dwelling coverage. It has a MoneyGeek score of 99 out of 100.
The scores for home insurance companies in Rochester range from 48 to 99. These figures reflect MoneyGeek's scoring system, where insurers can get different scores based on factors like your credit history and the age of your home.
| Chubb | 99 | $624 |
| Auto-Owners Insurance | 91 | $924 |
| American Family | 81 | $1,144 |
| State Farm | 76 | $1,371 |
| North Star Mutual | 69 | $868 |
| Farmers | 67 | $1,385 |
| Encompass | 57 | $1,565 |
| COUNTRY Financial | 48 | $2,319 |
MoneyGeek found that Chubb is the best option in Rochester, Minnesota, for 100K dwelling coverage. The two best overall home insurance companies in Rochester for $100K dwelling coverage are:
Chubb is the best home insurance provider because it offers affordability and high customer satisfaction.
In Rochester, Minnesota, various companies have different cost and service experiences. Although cost is a crucial factor, other factors, such as customer service and ease of claim handling, are also important when making claims.
Chubb is the best overall company, with a MoneyGeek score of 99, thanks to its high affordability and satisfaction scores. It offers comprehensive home insurance coverage, including guaranteed replacement cost and building ordinance or law. Chubb also provides discounts like new home and home renovation, which can help homeowners save money. For example, a discount is available if your home is less than 10 years old.
Chubb's cash settlement option allows flexibility if you choose not to rebuild after a total loss. Personal property replacement cost ensures your belongings are covered without depreciation. Risk consulting offers services like wildfire defense and home assessment, adding extra protection for your home.
MoneyGeek found that Chubb offers the best customer service in home insurance in Rochester, Minnesota, for $100K dwelling coverage. Here are the top two providers for this coverage:
Chubb is the best option because of its high customer satisfaction ratings and comprehensive coverage options. These factors contribute significantly to its top MoneyGeek score. Choosing this provider means you benefit from excellent service and competitive pricing for your home insurance needs.
Excellent service in home insurance means providing prompt, helpful and attentive support to address the needs of policyholders effectively.
Chubb is the best for service quality, thanks to its high customer satisfaction. It offers comprehensive home insurance coverage with guaranteed replacement cost and building ordinance or law. Chubb also provides discounts like new home, which you can get if your home is 10 years old or less.
Chubb's guaranteed replacement cost helps you rebuild your home even if costs exceed limits. Building ordinance or law pays for updates to meet current codes. Cash settlement offers a payout if you choose not to rebuild.
MoneyGeek found that Chubb is the best cheap home insurance provider in Rochester, Minnesota. The top two best cheap insurance providers for $100K dwelling coverage are:
When considering the average cost of homeowners insurance in Minnesota, Chubb stands out due to its high affordability and customer satisfaction scores. While opting for cheap home insurance might save you money, it could mean insufficient coverage during an accident. In such cases, exploring the cheapest homeowner insurance companies may help.
The best cheap insurance aims to balance cost and quality, differing from simply the lowest-cost options. Chubb effectively balances affordability and service.
Chubb is the best cheap company, with a high MoneyGeek score due to its affordability and satisfaction. It offers comprehensive home insurance with guaranteed replacement cost and building ordinance or law. You can save with discounts like new home, which applies if your home is seven or 10 years old or less.
Chubb's guaranteed replacement cost helps rebuild your home after a loss. Building ordinance or law covers costs to meet current building codes. Cash settlement offers a payout if you choose not to rebuild. These coverages provide great protection for homeowners.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 02, 2024
Many factors affect homeowners insurance in Rochester, with location as a key one. Comparing insurance rates is the best way to save, but it can take up to 15 minutes per company. Comparing three or more companies might take over an hour. MoneyGeek's home insurance calculator can help you save quickly. Just enter your age, coverage details, credit score and deductible for a rate estimate.
In Rochester, Minnesota, Chubb is the top choice for budget-friendly home insurance. The value of dwelling coverage plays a crucial role in finding affordable premiums.
Chubb is the most cost-effective option in Rochester, Minnesota, offering the best mix of affordability and MoneyGeek score. Auto-Owners leads in both the 250K and 500K categories, offering competitive prices and excellent scores.
Purchasing the cheapest homeowners insurance in Minnesota can help manage household expenses effectively.
| Chubb | $624 |
| North Star Mutual | $868 |
| Auto-Owners Insurance | $924 |
| American Family | $1,144 |
| State Farm | $1,371 |
| Farmers | $1,385 |
| Encompass | $1,565 |
| COUNTRY Financial | $2,319 |
MoneyGeek found that Auto-Owners offers the best option in Rochester, Minnesota. High-value homes can cost more to replace, raising home insurance costs.
Auto-Owners is the cheapest homeowners insurance provider in Rochester due to its lower annual premium. According to MoneyGeek, being cheaper does not mean it is always the best choice. Although Auto-Owners scores well, it's important to consider other factors besides cost when choosing insurance.
| Auto-Owners Insurance | $3,397 |
| Farmers | $3,961 |
| Chubb | $4,226 |
| American Family | $4,442 |
| Encompass | $5,367 |
| North Star Mutual | $5,430 |
| State Farm | $5,972 |
| COUNTRY Financial | $10,332 |
Chubb offers the most affordable home insurance for new homes in Rochester, Minnesota.
Chubb stands out due to its low cost for new-home insurance in Rochester, Minnesota. Though not top-rated by other measures, its affordability makes it a good choice for budget-conscious homeowners.
Remember, while cost is important, having adequate coverage is crucial for your home's protection.
| Chubb | $624 |
| North Star Mutual | $626 |
| Auto-Owners Insurance | $698 |
| American Family | $720 |
| State Farm | $819 |
| Farmers | $1,039 |
| COUNTRY Financial | $1,354 |
| Encompass | $1,565 |
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums.
In Rochester, finding the best cheap homeowners insurance depends on your needs. Consider factors like coverage options, customer service and location-specific risks. Follow these steps to get the best cheap home insurance:
To determine how much home insurance coverage you need, assess the specifics of your home in Rochester, Minnesota. Consider rebuilding costs, personal property value and liability requirements.
Research insurance companies operating in Rochester, Minnesota. Look for those with strong financial stability, positive customer reviews and a history of quality service.
Once you know your coverage needs, compare home insurance quotes. In Rochester, Minnesota, annual premiums for $100K dwelling coverage range from $624 with Chubb to $2,319 with COUNTRY Financial.
Inquire with each provider about potential discounts, such as those for bundling policies, installing safety features or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium. Ensure the deductible is an amount you can afford to pay if needed.
Adding security systems and strong locks can lower the risk profile of your home, potentially reducing insurance costs.
Keep a strong credit score, as it can influence insurance rates in Rochester, Minnesota. Pay bills promptly and minimize outstanding debts.
Consider bundling your homeowners insurance with other policies, such as auto insurance. This strategy can offer substantial discounts and savings.
The best cheap home insurance provider in Rochester depends on how much coverage you need and how much you can spend. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Rochester, Minnesota.
Home insurance in Rochester, Minnesota, costs an average of $1,070 annually.
Chubb offers the cheapest home insurance in Rochester, Minnesota, with an annual premium of $624.
The best home insurance in Minnesota for Rochester residents is provided by Chubb, with a MoneyGeek score of 99 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
