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Auto-Owners is the best homeowners insurance company in Minnesota, based on a 2023 analysis by Insurance.com, with an overall rating of 4.91. Western National Mutual is the second-best home insurance company in Minnesota, with an overall rating of 4.82.

Auto-Owners also offers the cheapest home insurance in Minnesota at $1,568 a year.

With so many options out there, it is not easy to choose a homeowners insurance company in Minnesota. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.

Key takeaways

  • The average cost of homeowners insurance in Minnesota is $2,327 a year or $192 a month.
  • The cheapest homeowners insurance company in Minnesota is Auto-Owners. It offers home insurance at an average of $1,568 a year.
  • Auto-Owners ranked as the best insurance company in Minnesota based on rates, complaints and financial stability.

Average home insurance cost in Minnesota

The average cost of homeowners insurance in Minnesota is $2,327 a year or $192 a month. This is based on coverage of:

  • $300,000 dwelling
  • $300,000 liability
  • $1,000 deductible.

However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Minnesota homeowners insurance companies to get the best deal.

Best home insurance companies in Minnesota

The best home insurance company in Minnesota for 2023 is Auto-Owners, followed by Western National Mutual and West Bend Mutual.

Below is a full list of the top Minnesota insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Best home insurance companies in Minnesota
Insurance companyAM BestAverage annual rateNAIC Complaint ratioInsurance.com score
Auto-OwnersA++$1,5680.194.91
Western National MutualA+$1,6400.114.82
West Bend MutualA$1,7520.144.58
North Star MutualA$1,7440.34.41
FarmersA$2,5740.333.99
American FamilyA$2,4380.63.76
Automobile Club MI (AAA)A$1,8070.913.71
State FarmA++$2,6251.073.45
Country FinancialA+$4,5490.143.42

Cheapest home insurance companies in Minnesota

Below are Minnesota home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see Auto-Owners has the most affordable rates in most categories.

Cheapest home insurance rates in Minnesota by coverage level
Company$200,000$300,000$400,000$500,000$600,000
Auto-Owners$1,291$1,568$1,860$2,134$2,426
Western National Mutual$1,278$1,640$2,052$2,527$3,041
North Star Mutual$1,293$1,744$2,335$2,936$3,552
West Bend Mutual$1,336$1,752$2,175$2,590$3,013
Automobile Club MI (AAA)$1,364$1,807$2,534$3,160$3,982
American Family$1,769$2,438$3,096$3,754$3,777
Farmers$1,877$2,574$3,172$3,802$4,607
State Farm$2,060$2,625$3,197$3,924$4,606
Country Financial$3,529$4,549$5,409$6,501$7,668

Minnesota home insurance rates by ZIP code

Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Minnesota to see which areas are the most and least expensive.

Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.

HOME INSURANCE CALCULATOR

Average home insurance rates in CALIFORNIA

$200,000
$1,000
$100,000
94404 - Foster City
Dwelling $200,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $797

HIGHEST RATE: $1,179 LOWEST RATE: $496

Most & least expensive zip codes for homeowners insurance in California

Most Expensive

Zip CodeCityHighest Rate
92325Crestline$1,450
92391Twin Peaks$1,426
92321Cedar Glen$1,425
92352Lake Arrowhead$1,423

Least Expensive

Zip CodeCityLowest Rate
94086Sunnyvale$742
94085Sunnyvale$743
94087Sunnyvale$743
95051Santa Clara$743

The most expensive ZIP codes in Minnesota for home insurance

Minnesota homeowners insurance rates are the most expensive for ZIP code 55417 with an average annual cost of $2,585.

The most expensive ZIP codes in Minnesota are:

ZIP codeAverage annual rates
55417$2,585
55412$2,557
55411$2,555
55405$2,554
55408$2,553
55423$2,552

The least expensive ZIP codes in Minnesota for home insurance

The cheapest ZIP codes for home insurance in Minnesota are:

ZIP codeAverage annual rates
56601$2,131
56671$2,131
56623$2,134
56447$2,140
56670$2,143
56868$2,143
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