Best Minnesota Homeowners Insurance Quotes (2026)

The average annual cost of homeowners insurance in Minnesota is $2,834 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. For comparison, the national average home insurance rate is $2,868 per year.

Minnesota has a high average annual snowfall — about 36 inches in the southwest and 70 inches along Lake Superior, for example.^[1] Heavy snowfall and winter storms can lead to property damages like roof damages or collapses.

It’s important to choose sufficient policy limits for your dwelling and personal belongings. You can compare quotes to find the cheapest coverage for your home.

Here’s what you need to know about homeowners insurance in Minnesota.

Best home insurance companies in Minnesota

Homeowners in Minnesota have many different options when it comes to buying home insurance. But the best homeowners insurance in Minnesota will depend on your specific needs.

Shopping around and comparing multiple quotes can help you find the best policy at the lowest price. Start your search with four of the best home insurers in Minnesota below.

Insurance Company	IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	Average Annual Premium	Best For
Western National	N/A	$1,520	Cheapest rates
Westfield	N/A	$1,583	Bundling home and auto insurance
Auto-Owners	7.4	$1,630	Coverage options
Farmers	8.4	$1,661	Discounts

Disclaimer: Table data sourced from real-time Minnesota car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Minnesota may vary based on the policy buyer's unique driver profile.

• How Insurify rates insurance companies

  Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

  We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

  • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
  • Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
  • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
  • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
  • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Cheapest rates: Western National

Western National has the cheapest average home insurance in Minnesota, with an annual average much lower than the statewide and national averages.

The company sells customizable home insurance with endorsements such as identity theft protection, assisted living coverage, valuable items coverage, replacement cost coverage, debris removal coverage, equipment breakdown insurance, and others. The company’s Penalty-Free Promise prevents your home insurance premium from increasing if you file a claim.

Best insurer for bundling home and auto insurance: Westfield

bundling home and auto insurance

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IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	NR
A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).	NR
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$253/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$329/mo

Details

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

Not rated

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

Why we picked this company

If you want to bundle your homeowners and auto insurance, Westfield is a good insurer to consider. Westfield’s Wespak policy provides home and auto insurance coverage together and includes features like roadside assistance and replacement cost coverage. You can also add home insurance endorsements like flood insurance, umbrella insurance, identity theft coverage, and home equipment breakdown coverage.

In addition, Westfield has home insurance options for high-value homes that need more protection than a basic policy provides.

Pros

• A (Excellent) financial strength rating from AM Best

• Good endorsement options

Cons

• No advertised discounts on website

• Quotes not available online

Best insurer for coverage options: Auto-Owners

coverage options

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IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	7.4 /10
JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	634
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$153/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$227/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.39

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

Auto-Owners has an impressive selection of home insurance coverages. In addition to basic coverages like personal property and loss of use insurance, Minnesota homeowners can add optional policies like guaranteed replacement cost, water backup coverage, equipment breakdown, home cyber protection, inland flood, and ordinance coverage.

You can also purchase its Homeowners Plus package, which includes several unique coverages, such as increased coverage limits for food spoilage from power failures. Auto-Owners also has many home insurance discounts that can help you get the most affordable policy for your situation.

Pros

• 10 advertised discounts

• Above-average J.D. Power customer satisfaction rating

Cons

• Quotes only available through an agent

• Can’t file home insurance claims online

Best insurer for discounts: Farmers

discounts

Compare Quotes

IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	8.4 /10
JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	609
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$125/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$211/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.38

A.M. Best

A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A

Why we picked this company

Farmers has some of the best home insurance discounts in Minnesota, which can help you get the best deal on your coverage. Farmers has savings for affinity group members, policy bundling, Underwriter Laboratories (UL)-approved roofing materials, new homes, protective devices, claim-free homeowners, responsible payers, enrolling in paperless statements, green-certified homes, and more.

Pros

• 14 home insurance discounts

• Quotes available online

Cons

• Below-average J.D. Power customer satisfaction score

• Fewer endorsements than some competitors

Cheapest home insurance in Minnesota

The cheapest home insurance company in Minnesota is Foremost, with an average monthly premium of $124. But some other reputable Minnesota insurance companies have below-average home insurance rates.

Below, you can see some of the cheapest home insurance companies in Minnesota and their average monthly premiums for a policy with $300,000 in dwelling coverage and a $1,000 deductible.

The below rates in Minnesota are estimated rates current as of: Sunday, May 31 at 5:00 PM PDT. 

Data reviewed by Andrew Huang

Andrew HuangVP, Marketing & Analytics

• Chartered financial analyst

• 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

Featured in

Insurance Company	Average Monthly Premium
Foremost	$129
Farmers	$130
Travelers	$155
Auto-Owners	$159
Chubb	$242
American Family	$256
Westfield	$263
Allstate	$266
State Farm	$381
Encompass	$409
Country Financial	$422

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Cost of homeowners insurance in Minnesota

The average cost of homeowners insurance in Minnesota is $2,724 per year for a policy with $300,000 in dwelling coverage. But your home insurance premiums depend on a variety of criteria.

Your ZIP code, the size and age of your home, your coverage limits, and your deductible are some of the factors that can affect premiums. Additionally, the type of home insurance you choose can also affect the price.

Cost of homeowners insurance by dwelling coverage amount

One of the most significant factors that affects the cost of home insurance in Minnesota is your dwelling coverage limit. In general, the higher your dwelling insurance limit is, the more expensive your premium.

In the table below, you can see the average cost of home insurance in Minnesota based on dwelling coverage amount for policies with a $1,000 deductible.

Cost of homeowners insurance by deductible

When you file a claim, your deductible is the amount you have to pay out of pocket for a covered loss. For example, if you file a personal property claim for $5,000 and you have a $500 deductible, your payout from the insurance company would be $4,500.

Choosing a higher deductible will typically result in a lower insurance premium, and vice versa. Compare average annual premium for a policy with $300,000 in dwelling coverage by deductible below.

Deductible Amount	Average Annual Premium
$500	$3,118
$1,000	$2,834

How to get cheap homeowners insurance in Minnesota

Here are some tips for saving money on home insurance in Minnesota:

• Bundle your policies. Many insurance companies offer savings to customers who bundle their homeowners policy with another type of coverage, like auto insurance, life insurance, or RV insurance.

• Look for discounts. The best home insurance companies in Minnesota offer discounts that can reduce your premium. Every insurer offers different discounts, but you can often find savings for installing a home security system, insuring a new home, and avoiding claims.

• Choose a higher deductible. If you want to save money on home insurance in Minnesota, consider choosing higher deductibles for dwelling insurance and personal property insurance. Just make sure you can afford to pay a higher deductible in the event of a property damage claim.

• Install protective devices. One of the best ways to lower your home insurance premium is to install protective devices like a fire sprinkler system, fire alarms, carbon monoxide detectors, and a home security system.

• Pay your premium in full. Many Minnesota home insurance companies offer savings to customers who pay their annual home insurance premium up front and in full. You might also qualify for a discount if you enroll in automatic payments.

• Shop around. The cost of homeowners insurance can vary significantly between insurance companies, even for the same type and amount of coverage. To find the cheapest home insurance quotes for your situation, it’s a good idea to shop around and compare personalized rates from multiple insurance companies in Minnesota.^[2]

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How much homeowners insurance do you need in Minnesota?

Minnesota doesn’t have a legal requirement for homeowners insurance. But most mortgage companies will require you to purchase a homeowners insurance policy if you take out a mortgage. Even if you don’t have a mortgage, getting home insurance is still a good idea.

Most insurance experts recommend having enough dwelling insurance to cover the cost of rebuilding your home back to its original condition and enough personal property insurance to match the value of your personal items. You can typically choose from several fixed limits for liability insurance, medical payments insurance, and loss of use insurance.

Before you purchase homeowners insurance, it’s important to understand exactly what your home insurance policy covers. If your policy has any gaps, you might want to add endorsements for more protection.

What are some of the biggest risks when owning a home in Minnesota? 

Minnesota homeowners can face a variety of risks. Here are some of the most common perils and natural disasters that are important to consider when choosing home insurance in the state:

Flooding

Although Minnesota is inland, homes in the state are still prone to flooding, especially those located near lakes. In 2019, six out of the nine state and federally declared disasters in Minnesota involved flood damage.^[3] Because standard home insurance policies exclude coverage for flooding, many Minnesota homeowners can benefit from purchasing a separate flood insurance policy.



Hailstorms

Minnesota experiences severe storms, which often include hail and high winds. Homeowners insurance covers damage from wind and hail, but it’s important to choose sufficient coverage limits to protect the physical structure of your house.



Wildfires

Wildfires in Minnesota aren’t uncommon — especially during the dry and warmer months. Between 2018 and 2022, more than 2,000 recorded wildfires occurred in the state.^[4] Homeowners insurance covers damage from wildfires. If you live in a high-risk area, it can be a good idea to purchase higher coverage limits for dwelling and personal property insurance.

Minnesota homeowners insurance FAQs