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If you own a condo, it is important to have the best condo insurance. This type of insurance will protect your home and belongings in case of a disaster or other event. In addition to protecting your belongings from damage or destruction, condo insurance also provides liability coverage that could provide protection in the event of an accident.

Condo insurance is a great way to protect your investment from any potential damage. It covers your condo's interior structure, belongings that are not covered by your homeowners association (HOA) insurance policy.

This guide will help you know about the best condo insurance companies in Minnesota, also find out the least and most expensive zip codes for Minnesota condo owners. Use this resource to find the most affordable condo insurance company in Minnesota under your budget.

  • Condo owners in Minnesota pay an average of $745 per year or $62 per month in condo(HO6) insurance.
  • Allstate is the cheapest condo insurance company in Minnesota at only $226 per year.

Best condo insurance companies in Minnesota

In Minnesota, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Minnesota. Below are the best condo insurance companies in Minnesota based on's analysis.

  • State Farm
  • American Family
  • Auto-Owners
  • Allstate
  • Farmers

Compare best condo insurance companies in Minnesota

State Farm is our top pick for the best condo insurance company in Minnesota. It has earned 835 scores out of 1000 from J.D. Power, the highest among the carriers surveyed. Apart from State Farm, American Family can be your best bet for condo insurance in Minnesota. It has received 831 scores out of 1000 from J.D. Power and an A rating from AM Best.

Buying condo insurance is different from getting a standard homeowners insurance policy. Condo insurance and single-family homeowners insurance seem to be the same thing. Just like a traditional home insurance policy, condominium insurance covers-

  • Personal property coverage- This covers your personal belongings such as furniture, electronics, clothing, and jewelry.
  • Liability protection- This provides protection if someone is hurt or injured on your property, or you damage someone else's property.
  • Dwelling coverage- It protects the building itself and any structures in it.
CompanyJ.D. Power scoreAM Best rating
State Farm835A++
American Family831A
Liberty Mutual806A

Average cost of condo insurance in Minnesota

The average cost of condo insurance in Minnesota is $745 per year or $62 per month for $40,000 as personal property coverage with a $1,000 deductible and $100,000 in liability protection. However, rates can vary, based on the insurance company you choose and the zip code you live in.

If you are looking to buy a condominium, condo insurance is an important consideration. Not only does it provide coverage for common areas and appliances in the building but also provides protection for personal belongings and the interior of the unit against damage caused by fire or theft, vandalism, or natural disasters.

Investing in a condo is one of the largest investments you'll make in your lifetime. Therefore, it makes sense to protect this investment with condo insurance.

Average annual premiumAverage monthly premium


Average condo insurance rates in MINNESOTA

55107 - St. Paul
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.



Most & least expensive zip codes for condo insurance in Minnesota

Most Expensive

Zip CodeCityHighest Rate

Least Expensive

Zip CodeCityLowest Rate

Condo insurance rates by companies in Minnesota

Based on's rate analysis, Allstate is the cheapest condo insurance company among the carriers surveyed. Its average annual premium is $226---$519 less than the state average ($745). Apart from Allstate, Travelers, American Family, and Safeco are the other three cheap insurance companies in Minnesota for condo insurance.

Condo insurance rates can vary based on where you live, how much liability protection you need and how comprehensive your condo insurance coverage is. In order to find the perfect condo insurance policy, it's important that you get a number of quotes and compare rates. This is one of the best ways to get a great condo insurance policy in Minnesota.

Below is the list of best condo insurance providers and their average annual premium for Minnesota residents.

CompanyAverage annual premium
American Family$319
State Farm$400
Liberty Mutual$718
Auto Owners$3,053

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