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It's not easy to find the best homeowners insurance policy in Minnesota because there are so many options available. That's why we have put together this guide to help you get started on your search.

The average rate for homeowners insurance in Minnesota is $3,010 a year. Although, rates vary depending on the insurance company you choose among other factors.

Safeco is our top pick for the best homeowners insurance company in Minnesota, based on's analysis. Its overall rating is 5, highest among the carriers surveyed. Besides, J.D. Power awarded it 810 scores out of 1000 and AM Best rated it A.

Apart from Safeco, American Family is the second best performer on the list of the best homeowners insurance companies in Minnesota. It has received 831 scores from J.D. Power and 'A' rating from AM Best.  

Read on to know more about the best and cheapest home insurance companies, their overall ratings, and average annual homeowners insurance costs.

Best home insurance companies in Minnesota

If you're looking for the best homeowners insurance company in Minnesota, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in Minnesota:

  • Safeco
  • American Family
  • Auto-Owners
  • State Farm
  • AIG

Compare best homeowners insurance companies in Minnesota

One of the easiest ways to find the best homeowners insurance is by looking at all the options available and comparing them side by side. If you're looking for insurance for Minnesota homeowners, then look no further. Compare top Minnesota home insurance companies using the overall scores and ratings awarded by J.D. Power and A.M Best.

Below is a list of the best insurance companies for Minnesota homeowners-

CompanyOverall ratingJ.D. Power scoreAM Best rating
American Family4831A
State Farm3835A++
AIG3830 -

Average cost of homeowners insurance in Minnesota

The average cost of Minnesota homeowners insurance is $3,010 a year or $251 a month. It's $705 more than the national average ($2,305).

Many factors affect your home insurance rates, including the risk posed by weather conditions in your state. They can cause severe damage to your property, thereby leading to higher insurance rates.

Average annual premiumAverage monthly premium

10 Most expensive zip codes in Minnesota for homeowners insurance

A home insurance company takes into account factors like your ZIP code, the age of your home, building cost in your area, and others to determine your average homeowners insurance premium.

For some ZIP codes, the rates are higher than others based on the local crime rates and building costs in your area, among other reasons.

We have gathered insurance rates from major homeowners insurance providers across all the ZIP codes and compiled a list of the ten most expensive ZIP codes for Minnesota homeowners.

ZIP codeAverage annual rate

10 Least expensive zip codes in Minnesota for homeowners insurance

Homeowners insurance rates are driven by many factors, and one of them is the ZIP code. Insurance companies consider your ZIP code when deciding on your home insurance premium.

The least expensive ZIP code for homeowners insurance in Minnesota is 55706. Its average rate for home insurance is $2,010 a year - $1000 less than the state average.

Below is a list of the least expensive ZIP codes for home insurance in Minnesota.

ZIP codeAverage annual rate

Cheap homeowners insurance in Minnesota

Travelers offer the cheapest home insurance rates to Minnesota homeowners, based on's rate analysis. Its average homeowners insurance cost is $2,110 a year--- $900 less than the state average ($3,010).

It's a good idea to shop around if you want the most affordable homeowners insurance because prices vary by hundreds of dollars. But the cheapest is not always the best deal. You might end up paying too much if you avoid comparing quotes.

Get at least three price quotes to save on your yearly insurance cost, suggests Penny Gusner, the former Senior Consumer Analyst at

Below is a list of the cheapest homeowners insurance companies in Minnesota and their average annual premium.

Company nameAverage annual premium
American Family$2,221
Fire Insurance$3,276
State Farm$3,669
Auto Owners$12,178

Home and auto bundle discounts in Minnesota

Most insurance companies offer a discount on bundling your home and auto insurance policies. You can save an average of $454 a year or 18%, based on a rate analysis by But the discount and saving percentage may vary depending on your insurance company.

Below is a list of major carriers that offer a discount on bundling. Also, know how much a home and auto bundle can help you save on insurance in Minnesota.

Company$ Bundle average saving% Bundle average saving
State Farm$98034%
Country Mut$94824%
American Family$42419%
Truck Ins Exch$34415%
Fire Ins Exch$34112%
Western Natl$21113%
Auto Club Ins Assoc$18010%
Auto Owners$16210%
North Star$1459%