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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.

Key takeaways

  • The residents of Minnesota pay an average of $384 per year for condo insurance for a coverage level of $600,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by, State Farm is the top pick for the best condo insurance company in Minnesota.
  • Automobile Club MI (AAA) offers the cheapest condo insurance in Minnesota at an average of $255 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.

CompanyAverage rating(out of 5)
State Farm4.4
Automobile Club MI (AAA)4.1
Country Financial3.8
American Family3.2

Compare best condo insurance companies in Minnesota

State Farm is our top pick for the best condo insurance company in Minnesota. It has earned 4.4 scores out of 1000 from J.D. Power, the highest among the carriers surveyed. Although, Apart from State Farm, Automobile Club MI (AAA) can be your best bet for condo insurance in Minnesota. It has received 4.1 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
American Family842A
Country Financial830A+
State Farm829A++
Automobile Club MI (AAA)817A+

Average cost of condo insurance in Minnesota

The average cost of condo insurance in Minnesota is $384 per year or $32 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, Automobile Club MI (AAA) is the cheapest condo insurance company among the carriers surveyed. Its average annual premium is $255. Apart from >Automobile Club MI (AAA), Secura Insurance, North Star Mutual, and Allstate are the other top 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 Rate
Automobile Club MI (AAA)$255
Secura Insurance$259
North Star Mutual$296
Western National Mutual$327
State Farm$343
Country Financial$454
American Family$636

Methodology compared condo insurance rates in 2022 provided by Quadrant Data Solutions for $60,000 personal property coverage with a $1000 deductible and $300,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $60,000, liability coverage of $300,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.

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