- Best condo insurance companies in Minnesota
- How much does condo insurance cost in Minnesota?
- Condo insurance rates in Minnesota by company and coverage level
- Condo insurance rates by company in Minnesota
- Compare condo insurance rates by city in Minnesota
- Methodology
- Compare Minnesota condo insurance rates with other states
Best condo insurance companies in Minnesota
There are many companies offering condo insurance coverage in Minnesota. Secura Insurance is the best condo insurance company in Minnesota based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Minnesota.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Secura Insurance | $259 | A | 0.14 | |
| Western National Mutual | $327 | A | 0.13 | |
| Automobile Club MI (AAA) | $302 | A | 0.29 | |
| American Family | $777 | A | 0.37 | |
| Auto-Owners | $379 | A++ | 0.33 | |
| Country Financial | $549 | A+ | 0.26 | |
| North Star Mutual | $296 | A+ | 0.72 | |
| Allstate | $310 | A+ | 0.9 | |
| State Farm | $373 | A++ | 0.95 | |
| Farmers | $655 | A | 0.54 |
How much does condo insurance cost in Minnesota?
The average cost of condo insurance in Minnesota is $423 per year, or $35 per month. This is based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Your actual premium will be higher or lower depending on factors such as your location, selected coverage limits, deductible amount, and other considerations.
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $423 |
| Average monthly premium | $35 |
Condo insurance rates in Minnesota by company and coverage level
Secura Insurance offers the lowest condo insurance rates in Minnesota for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is North Star Mutual at $296 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Allstate | $226 | $261 | $276 | $310 | $327 | $361 | $375 | $410 |
| American Family | $655 | $662 | $770 | $777 | $890 | $897 | $1,009 | $1,016 |
| Auto-Owners | $327 | $332 | $373 | $379 | $424 | $430 | $475 | $481 |
| Automobile Club MI (AAA) | $243 | $249 | $296 | $302 | $335 | $341 | $368 | $374 |
| Country Financial | $438 | $448 | $539 | $549 | $636 | $646 | $726 | $736 |
| Farmers | $541 | $555 | $641 | $655 | $738 | $752 | $836 | $850 |
| North Star Mutual | $254 | $265 | $285 | $296 | $334 | $345 | $413 | $424 |
| Secura Insurance | $206 | $222 | $243 | $259 | $277 | $293 | $304 | $320 |
| State Farm | $318 | $323 | $368 | $373 | $407 | $412 | $444 | $449 |
| Western National Mutual | $299 | $309 | $317 | $327 | $348 | $358 | $380 | $390 |
Condo insurance rates by company in Minnesota
The most affordable company is Secura Insurance, with North Star Mutual and Auto Club Group - ACG (AAA) ranking as the second and third cheapest. Since condo insurance rates in Minnesota vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Minnesota.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Secura Insurance | $259 | $22 |
| North Star Mutual | $296 | $25 |
| Automobile Club MI (AAA) | $302 | $25 |
| Allstate | $310 | $26 |
| Western National Mutual | $327 | $27 |
| State Farm | $373 | $31 |
| Auto-Owners | $379 | $32 |
| Country Financial | $549 | $46 |
| Farmers | $655 | $55 |
| American Family | $777 | $65 |
Compare condo insurance rates by city in Minnesota
Condo insurance rates in Minnesota vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Minnesota condo insurance rates with other states
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