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.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Auto-Owners | A++ | $1,568 | 0.19 | 4.91 |
| Western National Mutual | A+ | $1,640 | 0.11 | 4.82 |
| West Bend Mutual | A | $1,752 | 0.14 | 4.58 |
| North Star Mutual | A | $1,744 | 0.3 | 4.41 |
| Farmers | A | $2,574 | 0.33 | 3.99 |
| American Family | A | $2,438 | 0.6 | 3.76 |
| Automobile Club MI (AAA) | A | $1,807 | 0.91 | 3.71 |
| State Farm | A++ | $2,625 | 1.07 | 3.45 |
| Country Financial | A+ | $4,549 | 0.14 | 3.42 |
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.
| 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.
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 code | Average 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 code | Average annual rates |
|---|---|
| 56601 | $2,131 |
| 56671 | $2,131 |
| 56623 | $2,134 |
| 56447 | $2,140 |
| 56670 | $2,143 |
| 56868 | $2,143 |
