Best Homeowners Insurance in Minnesota (2025)
Top Minnesota home insurance companies
Cheapest homeowners insurance in Minnesota: North Star Mutual
MN homeowners insurance rates
| Company | Annual rate | LendingTree score | |
|---|---|---|---|
 | North Star Mutual | $2,001 |  |
 | American Family | $2,774 |  |
 | Travelers | $2,980 |  |
 | Allstate | $3,371 | |
 | State Farm | $3,399 | |
| Western National | Western National | $3,677 | |
 | Farmers | $4,149 | |
 | Country Financial | $4,433 | |
 | AAA | $5,998 |  |
Best homeowners insurance companies in Minnesota
American Family has the best customer service ratings. These include satisfaction scores Overall customer satisfaction ratings are based on customer surveys grading insurance companies price, problem resolution and other factors. Higher scores are better. from J.D. Power and the National Association of Insurance Commissioners’ (NAIC) Complaint Index.
State Farm stands out as the state’s best large home insurance company. It has a satisfaction score that’s better than average, plus a convenient website and smartphone app.
Best MN insurance companies at a glance
| Company | Annual rate | Customer satisfaction* | Complaint rating** | LendingTree score |
|---|---|---|---|---|
| Best overall: North Star Mutual | $2,001 | Not rated | 0.8 (Good) | |
| Best customer service: American Family | $2,774 | 638 (Average) | 0.49 (Excellent) | |
| Best large company: State Farm | $3,399 | 643 (Above average) | 1.05 (Average) | |
Sources: *J.D. Power 2024 U.S. Home Insurance Study, **NAIC 2023 Complaint Index.
Best overall home insurance company: North Star Mutual
North State Mutual’s good complaint rating shows that it gets fewer complaints than average. However, it doesn’t offer online quotes or claims.
Pros
Cheapest average home insurance rate in Minnesota
Upgrades can boost your protection
Discounts for new homes and mature homeowners
Cons
No online quotes and claims
Best customer service: American Family
American Family also has coverages for home-based businesses and short-term rentals. These add-ons can protect you from risks that standard home insurance usually doesn’t cover.
Pros
Excellent NAIC complaint rating
Useful add-ons for extra protection
Coverage available for short-term rentals
Cons
Satisfaction rating from J.D. Power is just average
Best large company: State Farm
Large companies like State Farm have the resources to provide services and features some smaller companies don’t have. State Farm offers online quotes and claims on its user-friendly website. Its highly-rated smartphone app offers even more convenience.
Pros
Customer satisfaction rating beats the industry average
Rates are cheaper than state average
Convenient website and smartphone app
Cons
Complaint rating is just average
Higher rates than some competitors
How much is homeowners insurance in Minnesota?
Your actual rate depends on factors like:
- Your home’s size and construction features
- The amount of coverage you need
- Your location and credit
- The discounts you qualify to receive
Each insurance company weighs these factors differently and offers different discounts. This is why it’s good to compare home insurance quotes from a few different companies when you buy or renew your policy.
Home insurance rates by coverage amounts
If you have a mortgage, your dwelling limit has to match your home’s replacement value A home’s replacement value is the estimated cost of rebuilding it from the ground up. This is usually lower than its market value. . You can choose a lower amount if you have a low loan balance or no mortgage. However, reducing your coverage may also leave you short on insurance funds if you need to rebuild after a major disaster.
Insurance rates by dwelling limit
| Dwelling limit | Annual rate |
|---|---|
| $350,000 | $3,217 |
| $400,000 | $3,642 |
| $450,000 | $4,075 |
Minnesota home insurance rates by city
Minneapolis has the state’s highest home insurance rates at $4,039 a year, or $337 a month. This is 11% higher than the state average. St. Paul homeowners have the next-highest rate at $326 a year.
Homeowners insurance rates near you
| City | Annual rate | Difference from state average |
|---|---|---|
| Blaine | $3,820 | -9% |
| Bloomington | $3,794 | -4% |
| Brooklyn Park | $3,805 | -3% |
| Burnsville | $3,766 | 3% |
| Coon Rapids | $3,827 | 3% |
| Duluth | $3,524 | 4% |
| Eagan | $3,854 | 4% |
| Lakeville | $3,750 | 4% |
| Maple Grove | $3,841 | 5% |
| Minneapolis | $4,039 | 5% |
| Plymouth | $3,796 | 5% |
| Rochester | $3,301 | 6% |
| St. Cloud | $3,506 | 6% |
| St. Paul | $3,911 | 7% |
| Woodbury | $3,845 | 11% |
Flood insurance in Minnesota
Standard homeowners insurance does not cover flood damage. However, you can get flood insurance to protect your home from this risk. Your lender will make you get it for a mortgage in a high-risk flood zone. It’s otherwise optional, though often worth considering.
The Federal Emergency Management Agency (FEMA) has mapped the flood risks in most Minnesota communities. You can find a home’s flood zone online in the FEMA Flood Map Service Center. Any zone label that begins with the letter A or V is high risk.
Most flood insurance is issued through the National Flood Insurance Program (NFIP), which is managed by FEMA. However, a few private companies also offer it.
The actual price you pay for flood insurance depends on factors like your home’s flood risks and design features:
- Rates average $149 a month in areas with the greatest chances of flooding.
- Flood insurance only costs an average of $64 a month in low-risk areas.
- You can often get a discount if you elevate your home or essential appliances.
You can get an NFIP flood insurance quote from any FEMA-authorized insurance agent. Start with your current agent, or the agents you contact for home insurance quotes. If they can’t help, you can find one in FEMA’s online provider directory.