- Best condo insurance companies in Minnesota
- Average cost of condo insurance in Minnesota
- Condo insurance rates in Minnesota by 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 |
Average cost of condo insurance in Minnesota
The average cost of condo insurance in Minnesota is $423 per year or $35 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium may be higher or lower depending on where you live, the coverage limits you choose, your deductible and other factors.
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $423 |
| Average monthly premium | $35 |
Condo insurance rates in Minnesota by 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 cheapest option is Secura Insurance, followed by North Star Mutual and Auto Club Group - ACG (AAA) as the second and third most affordable choices. However, condo insurance rates in Minnesota vary by company, so it's a good idea to shop around and compare quotes.
The table below shows 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 vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Minnesota, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.
Compare Minnesota condo insurance rates with other states
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