Let’s get you startedSign in or create an account to view your personalized quotes.
By continuing, you agree to Insurify's Terms & Conditions.

Minnesota Home Insurance Costs Soared 34% in 2025

And Minnesota homeowners could face another increase of nearly 4% in 2026, new report projects.

Doug Bailey
Written byDoug Bailey
Doug Bailey
Doug BaileySenior Content Writer

Doug Bailey is a senior content writer at Insurify. Doug is an experienced business writer having worked more than a decade as a reporter and business editor at the Boston Globe, covering financial services and the insurance industry. Most recently, Doug was a regular contributor to InsuranceNewsNet, a news and information service for the insurance and financial industry.

Doug is a native New Englander hailing from Maine and works in Insurify’s Cambridge office.

Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

Featured in

media logomedia logomedia logomedia logo
John Leach
Reviewed byJohn Leach
Photo of an Insurify author
John LeachLicensed P&C Agent, Chief Copy Editor
  • Licensed property and casualty insurance agent

  • 10+ years editing experience

  • NPN: 20461358

John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.

Featured in

media logo

Published | Reading time: 2 minutes

Advertiser Disclosure

At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.

We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.

Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.

Share

Minnesota home insurance costs climbed above the national average in 2025, after the state’s average cost rose by 34%. Since 2023, Minnesota’s average home insurance premium has increased roughly 64%. And costs in the state are likely to rise again this year.

By the end of 2025, the average annual home insurance premium in Minnesota was $3,530, according to Insurify’s 2026 Insuring the American Homeowner Report. That’s about 20% higher than the U.S. average of $2,948.

Insurify data scientists expect premiums in the state to rise another 4% by the end of this year, bringing the typical annual cost to $3,654, an increase of $124.

The report looked at a typical Minnesota policy for a single-family home with about $407,000 in dwelling coverage.

How Minnesota home insurance costs compare

Minnesota homeowners pay much more than the national average. This reflects the area’s higher risk of severe weather and expensive rebuilding costs.

The table below shows the average annual home insurance costs for some of the most expensive and least expensive states in 2025, along with Insurify’s projections for 2026.

State
sort ascsort desc
2025 Average Cost
sort ascsort desc
2026 Projected Average Cost
sort ascsort desc
Projected Change
sort ascsort desc
Florida$8,292$8,458+2% (+$166)
Louisiana$5,050$5,0350% (-$15)
Texas$4,380$4,529+3% ($149)
Minnesota$3,530$3,654+4% (+$124)
California$2,455$2,843+16% (+$388)
New York$2,140$2,1490% (+$9)
Maine$1,374$1,359-1% (-$15)
Vermont$1,087$1,094+1% (+$7)
Source: Insurify’s Insuring the American Homeowner Report

Severe storms drive Minnesota insurance costs

Minnesota’s elevated home insurance rates are driven, in part, by the weather the state faces, including hailstorms, tornadoes, and severe thunderstorms. These three weather types accounted for 17 of the 27 separate billion-dollar weather disasters across the U.S. in 2024, according to NOAA.

Hail, in particular, can lead to widespread roof damage, one of the most common and expensive types of homeowners insurance claims, according to the Insurance Information Institute and Verisk.

Insurers factor these losses into pricing models, which helps explain why premiums in states like Minnesota remain above the national average.

What’s next: 2026 forecast for Minnesota home insurance

Minnesota homeowners will likely see insurance premiums keep rising through 2026 as insurers respond to higher claims costs and more expensive building materials, according to Insurify’s report.

Across the country, home insurance premiums are expected to go up by 4% on average, raising the average cost from $2,948 in 2025 to $3,057 in 2026.

For Minnesota homeowners, how quickly premiums rise will mostly depend on storm activity and construction costs, according to Matt Brannon, senior economic analyst at Insurify.

“Severe storms remain one of the biggest drivers of insurance losses across the Midwest,” said Brannon. “If those weather patterns persist, insurers may continue adjusting premiums to reflect the growing risk.

Doug Bailey
Written byDoug BaileySenior Content Writer
Doug Bailey
Doug BaileySenior Content Writer

Doug Bailey is a senior content writer at Insurify. Doug is an experienced business writer having worked more than a decade as a reporter and business editor at the Boston Globe, covering financial services and the insurance industry. Most recently, Doug was a regular contributor to InsuranceNewsNet, a news and information service for the insurance and financial industry.

Doug is a native New Englander hailing from Maine and works in Insurify’s Cambridge office.

Chris Schafer
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

Featured in

media logomedia logomedia logomedia logo
John Leach
Reviewed byJohn LeachLicensed P&C Agent, Chief Copy Editor
Photo of an Insurify author
John LeachLicensed P&C Agent, Chief Copy Editor
  • Licensed property and casualty insurance agent

  • 10+ years editing experience

  • NPN: 20461358

John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.

Featured in

media logo