Minnesota residents have access to a range of cost-effective insurance options, with Chubb being the cheapest choice for home insurance. If you own a high-value home, Auto-Owners offers competitive rates, while also being the top pick for new homes and for home and auto bundles. North Star stands out as the most affordable option for those with poor credit scores.
Cheapest Homeowners Insurance in Minnesota ( 2025 rates)
Updated: November 27, 2025
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Key Takeaways
In Minnesota, Chubb, Auto-Owners Insurance, and North Star Mutual offer the lowest-cost home insurance.
The most affordable option for 2023 homes in Minnesota is Auto-Owners Insurance at $551, with North Star Mutual and American Family as other choices.
For Minnesota, the cheapest home insurance bundle is available through Auto-Owners Insurance Co at $2,120 per year.
Why Trust MoneyGeek? MoneyGeek used information from the Minnesota Department of Commerce: Insurance Division and Quadrant Information Services to obtain data on insurance rates, discounts and more.
These rates reflect the cheapest home insurance quotes in Minnesota as of 2024.
Overall Cheapest Homeowners Insurance in Minnesota
Chubb charges the least for home insurance in Minnesota at $643 annually for $100,000 in dwelling coverage. Your dwelling coverage amount drives your premium. Minnesota's most competitive rates:
- Cheapest for $100,000: Chubb at $643 per year
- Cheapest for $250,000: Auto-Owners at $1,144 per year
- Cheapest for $500,000: Auto-Owners at $1,794 per year
Check cheap home insurance on MoneyGeek's table to see how costs change by dwelling coverage.
Data filtered by:
$100K Dwelling / $50K Personal Property / $100K Liability
2000
| Chubb | $643 |
| Auto-Owners Insurance | $737 |
| North Star Mutual | $819 |
| American Family | $983 |
| Farmers | $1,218 |
| State Farm | $1,222 |
| Encompass | $1,621 |
| COUNTRY Financial | $2,112 |
Compare Minnesota Home Insurance Quotes Online
Finding cost-effective home insurance in Minnesota typically involves comparing rates from multiple insurance companies. Take advantage of MoneyGeek’s home insurance calculator to get Minnesota quotes efficiently, without providing personal details upfront.
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$220
High
$144
Average
$104
Low
Rates updated:
Dec 23, 2025
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Cheapest Home Insurance in Minnesota for High-Value Homes
In Minnesota, the best-priced home insurance for high-value homes comes from Auto-Owners, offering a competitive annual rate of $2,763 for $750K in dwelling coverage. Dwelling coverage is the key contributor to total home insurance costs, so high-value homes can expect higher rates.
If you own a high-value home, take a look at the most cost-effective insurers in Minnesota:
- Cheapest for $750,000: Auto-Owners at $2,763 per year
- Cheapest for $1MM: American Family at $3,874 per year
Choosing dwelling coverage that reflects your home's rebuild cost, not its market value is recommended. Explore cheap home insurance and rate variations based on dwelling coverage with MoneyGeek's table.
Data filtered by:
$750K Dwelling / $375K Personal Property / $500K Liability
2000
| Auto-Owners Insurance | $2,763 |
| Farmers | $3,449 |
| American Family | $3,813 |
| Chubb | $4,597 |
| North Star Mutual | $5,116 |
| State Farm | $5,317 |
| Encompass | $5,735 |
| COUNTRY Financial | $9,410 |
Cheapest Home Insurance in Minnesota for New Homes
Auto-Owners charges the least for new home insurance in Minnesota: $551 yearly for $100,000 in dwelling coverage. New homes cost less to insure because they meet current construction codes and have newer systems that break down less often.
Auto-Owners beats competitors across all coverage amounts for new Minnesota homes:
- $100,000 coverage: $551 per year
- $250,000 coverage: $808 per year
- $500,000 coverage: $1,222 per year
Check the table for rates at other coverage levels.
Data filtered by:
$100K Dwelling / $50K Personal Property / $100K Liability
| Auto-Owners Insurance | $551 |
| North Star Mutual | $590 |
| American Family | $618 |
| Chubb | $643 |
| State Farm | $730 |
| Farmers | $913 |
| COUNTRY Financial | $1,233 |
| Encompass | $1,621 |
Cheapest Home Insurance in Minnesota for Low Credit Scores
North Star charges the least for homeowners with poor credit in Minnesota: $1,371 yearly for $100K in dwelling coverage. Insurers use credit scores to predict how likely you are to file claims and miss payments.
North Star's rates for poor credit:
- $100,000 coverage: $1,371 per year
- $250,000 coverage: $2,557 per year
- $500,000 coverage: $5,441 per year
Poor credit costs Minnesota homeowners an extra $4,364 annually for $100,000 coverage compared to good credit. The table compares rates across credit tiers.
Data filtered by:
Poor
$100K Dwelling / $50K Personal Property / $100K Liability
2000
| North Star Mutual | $1,371 |
| American Family | $1,485 |
| Chubb | $2,372 |
| Encompass | $2,428 |
| State Farm | $2,760 |
| COUNTRY Financial | $3,039 |
| Farmers | $6,305 |
| Auto-Owners Insurance | $24,506 |
Cheapest Home Insurance in Minnesota With a Claims History
Auto-Owners charges the least for Minnesota homeowners with one recent claim. Filing claims raises your premiums because insurers treat past claims as warning signs you'll file more.
Auto-Owners stays cheapest even after you file a claim. Rates by coverage amount:
- Cheapest for $100,000: Auto-Owners at $737 per year
- Cheapest for $250,000: Auto-Owners at $1,144 per year
- Cheapest for $500,000: Auto-Owners at $1,794 per year
Minnesota homeowners with two claims in the past five years can expect to pay an average of $488 more annually for $100K dwelling coverage compared to those with no recent claims. Maintaining a claim-free record can lead to savings on insurance premiums.
Data filtered by:
1 claim in past 5 years
2000
$100K Dwelling / $50K Personal Property / $100K Liability
| Auto-Owners Insurance | $737 |
| Chubb | $790 |
| North Star Mutual | $819 |
| American Family | $1,176 |
| State Farm | $1,396 |
| Farmers | $1,479 |
| Encompass | $1,864 |
| COUNTRY Financial | $3,170 |
Cheapest Home Insurance in Minnesota by Home and Roof Materials
Your home's construction and roofing material can significantly affect your insurance premiums. In Minnesota, if you own a home with a "frame" construction and a shake-treated roof, Chubb offers the most competitive rate at $643 annually. Homes with these characteristics might have higher insurance costs due to the potential risks associated with frame construction and shake-treated roofs.
Here are the companies that offer the most affordable coverage in Minnesota for different dwelling coverage values:
- Cheapest for $100,000: Chubb at $643
- Cheapest for $250,000: North Star Mutual at $1,528
- Cheapest for $500,000: Auto-Owners at $2,569
Minnesota homeowners save approximately $336 annually by choosing superior construction with tile roofs over frame construction with shake-treated roofs. The construction quality and roof materials directly affect insurance premiums.
Data filtered by:
Frame
Shake-Treated
$100K Dwelling / $50K Personal Property / $100K Liability
| Chubb | $643 |
| North Star Mutual | $819 |
| American Family | $983 |
| Auto-Owners Insurance | $1,056 |
| State Farm | $1,222 |
| Farmers | $1,456 |
| Encompass | $2,047 |
| COUNTRY Financial | $2,154 |
Cheapest Home Insurance in Minnesota by Deductible
Raising your deductible cuts your Minnesota premium. Chubb charges $616 yearly with a $2,000 deductible: $185 less than Auto-Owners' $801 rate with a $500 deductible.
Minnesota's lowest rates by deductible:
- $2,000 deductible: Chubb at $616 per year
- $1,500 deductible: Chubb at $643 per year
- $1,000 deductible: Chubb at $643 per year
- $500 deductible: Auto-Owners at $801 per year
In home insurance, the deductible is what you pay before your insurance covers the rest. On average, opting for a $2,000 deductible instead of a $500 one can save Minnesota homeowners around $233 annually.
Data filtered by:
2000
$100K Dwelling / $50K Personal Property / $100K Liability
2000
| Chubb | $616 |
| Auto-Owners Insurance | $672 |
| North Star Mutual | $753 |
| American Family | $897 |
| State Farm | $1,126 |
| Farmers | $1,187 |
| Encompass | $1,353 |
| COUNTRY Financial | $1,842 |
Cheapest Home and Auto Bundle Insurance in Minnesota
Auto-Owners charges the least for bundled home and auto insurance in Minnesota at $2,120 yearly. Bundling cuts your costs and gives you one company to deal with for both policies.
- Auto-Owners: $2,120 per year
- State Farm: $2,386 per year
See what you'd save with the best Minnesota insurance bundle.
| Auto-Owners Insurance Co | $2,120 |
| State Farm | $2,386 |
| Encompass |
Cheapest Home Insurance in Minnesota by City
Chubb's Minnesota rates run $480 to $657 yearly depending on your city. Building codes, crime and weather risks drive the difference.
- Rochester: $480 annually with Chubb
- Minneapolis: $657 annually with Chubb
Your city affects what you pay, so get quotes from several insurers.
| Minneapolis | Chubb | $657 |
| Rochester | Chubb | $480 |
| St. Paul | Chubb | $657 |
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.