Updated: November 5, 2026
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Chubb and State Farm earn the highest MoneyGeek scores, while AAA wins on price.
The cheapest provider changes with the coverage limit, from AAA through $100,000 to State Farm at $250,000, and changes again for renters with poor credit, where Chubb takes over.
Flood damage is excluded in standard renters policies, a gap that the June 2024 floods in southern and northeast Minnesota brought into focus.
Two companies share the top spot among Minnesota's best renters insurance companies: Chubb and State Farm both earn a MoneyGeek score of 4.8 out of 5, at $91 and $97 a year, while AAA's $66 premium is the lowest of the 10 providers we compared. AAA ($66), Westfield ($169) and Auto-Owners ($122) follow with 4.6.
All 10 Minnesota providers were scored on the same $20,000 policy for good-credit renters, and these five scored highest.
Chubb | 4.8 | $8 | $91 |
4.8 | $8 | $97 | |
Westfield Insurance | 4.6 | $14 | $169 |
4.6 | $5 | $66 | |
4.6 | $10 | $122 |
Our ratings consider combinations of coverage levels and renter details, weighing affordability at 50%, customer experience at 40% and add-on coverage options at 10%. Rankings may differ for other profiles.
These rankings use a renter aged 26 to 64 with good credit and no claims in the past five years, living in an apartment or condo, with $20,000 in personal property, $100,000 in liability, replacement cost coverage and a $500 deductible. Read our full methodology for more information.
Chubb and State Farm earn the top score for different reasons. Chubb's customer experience is a perfect 5.0, with a dedicated claims representative on each claim, while State Farm tops J.D. Power's renters study at 702 and sells online, through its app or through local agents.
AAA wins on price, but its 641 J.D. Power score sits 41 points below the 682 average, and Westfield and Auto-Owners sell only through independent agents, so renters who want to buy online should start with State Farm or AAA.
Best Overall for Minnesota Renters
J.D. Power Renters Insurance Customer Satisfaction Score
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Best for Higher Coverage Limits
J.D. Power Renters Insurance Customer Satisfaction Score
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Best for Independent Agent Service
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
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Cheapest Overall
J.D. Power Renters Insurance Customer Satisfaction Score
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Low Complaint Ratio
J.D. Power Renters Insurance Customer Satisfaction Score
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AAA is the cheapest Minnesota renters insurer at $66 a year ($5 a month) for $20,000 in personal property coverage, and six of the 10 providers compared price below the $192 state average, which sits $10 above the $182 national average.
Housing takes at least 30% of income for 48% of Minnesota renter households but only 20% of owner households, and for 51% of renters across the state's metro areas, according to USAFacts. With nearly half of renters already stretched by housing costs, AAA's $66 premium, $126 below the state average, frees up about $11 a month.
AAA | $5 | $66 | -$126 |
Chubb | $8 | $91 | -$102 |
State Farm | $8 | $97 | -$95 |
North Star Insurance | $10 | $120 | -$72 |
Auto-Owners | $10 | $122 | -$70 |
Westfield | $14 | $169 | -$23 |
$18 | $216 | +$24 | |
$18 | $218 | +$26 | |
$27 | $321 | +$129 | |
$42 | $500 | +$308 | |
State average | $16 | $192 | n/a |
The $434 gap between AAA and Nationwide is more than six times AAA's own $66 premium, so a quote from one of the four providers at or below $120 (AAA, Chubb, State Farm and North Star) is the place to start.
Minnesota renters pay $16 a month ($192 annually), $1 more than the national average. This slight increase is good given Minnesota's exposure to snowstorms, flooding and above-average urban theft rates, all of which typically raise insurer claim costs across the state.
AAA is the cheapest provider in all six Minnesota cities analyzed, from $44 in Rochester to $77 in Minneapolis, and State Farm is second in every one, at $87 to $105.
Minneapolis | AAA, $77 | State Farm, $105 | $202 |
Saint Paul | AAA, $70 | State Farm, $105 | $198 |
Hopkins | AAA, $62 | State Farm, $87 | $190 |
Steen | AAA, $64 | State Farm, $87 | $186 |
Cass Lake | AAA, $69 | State Farm, $87 | $186 |
Rochester | AAA, $44 | State Farm, $87 | $175 |
Rochester's $175 city average is the lowest and Minneapolis's $202 the highest, a $27 spread, but AAA moves more than that on its own: $44 in Rochester against $77 in Minneapolis, a $32 difference.
State Farm charges $87 in Cass Lake, Hopkins, Rochester and Steen but $105 in Minneapolis and Saint Paul, so renters in those two cities pay $18 more for the runner-up while AAA stays the cheapest pick everywhere.
Renters near the Minnesota River should price flood contents coverage separately, because a standard renters policy excludes flood damage: some southern Minnesota locations received 8 to 10 inches of rain in June 2024, and FEMA approved a disaster declaration for 22 counties.
AAA is the cheapest Minnesota provider at $20,000, $50,000 and $100,000 in personal property coverage, while State Farm is the cheapest at $250,000, where its $390 premium sits $837 below the $1,227 state average.
$20K Personal Property / $100K Liability | AAA, $66 | Chubb, $91 | $192 |
$50K Personal Property / $100K Liability | AAA, $124 | State Farm, $151 | $326 |
$100K Personal Property / $100K Liability | AAA, $212 | State Farm, $223 | $544 |
$250K Personal Property / $300K Liability | State Farm, $390 | AAA, $1,113 | $1,227 |
AAA's price multiplies nearly 17 times between $20,000 and $250,000 in coverage, from $66 to $1,113, while State Farm's rises about four times, from $97 to $390, so the cheapest provider changes only at the highest limit.
At $100,000 the two providers sit just $11 apart ($212 against $223), so renters with that much to cover can let service decide: State Farm leads J.D. Power's renters study at 702, while AAA scores 641. Renters with more than $100,000 in belongings should quote State Farm first.
AAA is the cheapest provider for good credit at $66, but Chubb is the cheapest for poor credit at $157, only $66 above its good-credit price.
Chubb | $91 | $157 | +$66 |
State Farm | $97 | $190 | +$93 |
North Star Insurance | $120 | $202 | +$82 |
AAA | $66 | $217 | +$151 |
Westfield | $169 | $286 | +$117 |
American Family | $218 | $366 | +$148 |
Farmers | $216 | $458 | +$242 |
Allstate | $321 | $487 | +$166 |
Nationwide | $500 | $733 | +$233 |
The order flips as credit drops: AAA's $217 poor-credit premium sits $60 above Chubb's $157 and $27 above State Farm's $190, even though AAA starts $25 below Chubb and $31 below State Farm at good credit.
Minnesota lets insurers use credit but limits how they do it. An insurer cannot reject, cancel or nonrenew a renters policy on credit alone, cannot count insurance inquiries against you, and must set credit aside when it cannot be calculated for lack of a credit history. If you ask, it must reevaluate your score, up to twice a year, with any premium change taking effect at renewal.
Insurers must also grant reasonable exceptions when expenses from a catastrophic injury or illness, a temporary loss of employment or the death of an immediate family member weighed down your credit, though they can ask for documentation.
Minnesota premiums for the same policy run from $66 to $500 a year, so finding the best cheap renters insurance means comparing several quotes, checking how each insurer treats its customers, and using bundles and discounts to trim the final premium.
Four providers charge $120 or less (AAA at $66, Chubb at $91, State Farm at $97 and North Star at $120), so quote at least three of them.
J.D. Power's 2026 renters study gives State Farm the top score at 702, while Auto-Owners' 639 and AAA's 641 fall 43 and 41 points below the 682 average, and Chubb and Westfield were not rated. The Minnesota Department of Commerce, which hears objections to cancellations and nonrenewals, and an insurer's AM Best financial strength rating are good indicators of how a company handles claims.
AAA takes up to 9% off renters insurance when you bundle with AAA auto, and State Farm, Allstate, Nationwide, Farmers and Westfield each list a multi-policy discount. Ask each insurer for a bundled quote and a separate one and compare the totals.
State Farm, Nationwide and AAA list discounts for a claims-free history, and State Farm and Nationwide add discounts for safety features such as smoke detectors and alarms, so mention both when you request each quote.
Moving from a $500 deductible to a $1,000 deductible trims the premium by $19 a year and a $2,000 deductible by $35, so an extra $500 of risk takes about 27 claim-free years to pay back. We suggest the deductible you could cover from savings tomorrow, because a $500 or $1,000 deductible change doesn't produce that much in savings compared to the extra risk you're taking on.
A Minnesota renters policy with $20,000 in personal property coverage costs $192 a year on average, about $16 a month, which is $10 above the $182 national average. Premiums run from $66 at AAA to $500 at Nationwide, a $434 gap that makes a few extra quotes worthwhile.
No. Standard renters policies exclude flood damage, and June 2024 showed the cost of that gap. Southern Minnesota received 4 to 6 inches of rain, with some places getting 8 to 10 inches, according to the National Weather Service, and the Minnesota River broke a 59-year record at Jordan while FEMA approved a disaster declaration for 22 counties, according to the Star Tribune.
Renters can buy a National Flood Insurance Program contents-only policy covering up to $100,000 of belongings, with a 30-day waiting period, according to FEMA, so buy it well before the spring thaw.
Yes. A poor-credit renter pays $66 a year more than a good-credit renter at Chubb, $93 more at State Farm and $242 more at Farmers, though Minnesota limits how insurers use credit under Minnesota Statutes 72A.20, subdivision 36, including a reevaluation on request up to twice a year.
To find Minnesota renters insurers that pair low rates with strong service, we compared rates and ratings for 10 providers. Every company's rates were pulled for the same renter profile:
Each company was then scored on three factors. Affordability carries 50% of the score and comes from the rates above. Customer experience accounts for 40% and draws on industry research. Add-on coverage options make up the remaining 10%. The five companies with the highest combined scores form the top 5.
Average costs are calculated using quote data from Quadrant Information Services.
Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed 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 and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.
