Paige Cerulli Last Updated On: October 17, 2023

How to Find the Best Homeowners Insurance in Minnesota

Your home insurance is an important step in protecting your investment in your home. With a quality home insurance policy, you’ll have the peace-of-mind of knowing that you’ll be able to repair or replace your home if it’s ever damaged.

But shopping for home insurance in Minnesota can be tricky, especially if you’re looking for insurance for the first time. We’ve outlined some of the most important information that can help you find the policy that’s best for your coverage needs and your budget.

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Table of Contents

The Average Cost of Home Insurance in Minnesota

The average cost of home insurance in Minnesota for $250,000 in dwelling coverage is $1,930 per year. That’s about $500 more than the national average of $1,428 per year. Minnesota’s higher-than-average home insurance rates may be a result of the state’s harsh winter and unpredictable weather, which can mean that home insurance providers need to pay for more claims.

While the average cost of home insurance in Minnesota is higher than average, your home insurance prices will also depend on your location within the state. Cities that are at an increased risk of natural disasters usually have higher home insurance costs, while cities in less riskier settings have lower rates.

Minnesota City

Average Cost of Home Insurance Per Year





Howard Lake







Other factors will also impact your home insurance rates, including your home’s value and its proximity to a fire station. Since rates can vary so much, a personalized quote will give you the most accurate idea of how much you will pay for home insurance. You can get free home insurance quotes in Minnesota from ConsumerCoverage to start shopping for insurance and comparing rates.

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Coverage Options for Homeowners Insurance in Minnesota

It’s helpful to know what is included in your quote as you shop for home insurance in Minnesota. Most standard base insurance policies will include these types of coverage:
  • Dwelling coverage applies to the structural portions of your home, including the walls, roof, and porch.
  • Other structures coverage helps to protect detached structures that are located on your property, like a barn or shed.
  • Personal property coverage helps to protect your personal belongings inside the home, like furniture or electronics.
  • Personal liability coverage helps to protect you if another person is hurt or if their property is damaged while they are on your property.
  • Medical payments coverage helps to pay for medical expenses that another person might have if they are injured while they’re on your property.
  • Loss of use coverage helps to cover expenses, like a rental property or hotel room, that you might have if you can’t live in your home while it’s being repaired.
These types of coverages are a good place to start, but you might want to purchase additional, optional coverages if you want more complete protection for your home.
  • Flood insurance: Most standard insurance policies don’t include flood coverage. Certain areas of Minnesota, like those near the Mississippi River, are at an increased risk of flooding. You will want to weigh the chances of your home flooding when deciding if purchasing extra flood insurance is right for you.
  • Valuable items coverage: Your personal property coverage will replace the items in your home to a point, but the limit on this type of coverage may not fully cover more valuable items, like jewelry. A valuable items policy increases that limit, so you can fully replace more expensive items after a covered loss.

How to Save on Home Insurance in Minnesota

When shopping for home insurance in Minnesota, look for discounts, like multi-policy discounts when you insure your home and vehicle through the same company. Choosing a high deductible plan can also help to keep your premiums low, but make sure that you’ll be able to pay that higher deductible if you ever have to file a claim.

You can also potentially save money by shopping around and comparing home insurance quotes. To get started, request a free homeowners insurance quote from ConsumerCoverage today to find the policy that’s best for your needs.

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