Home Insurance in Minnesota
Home insurance in Minnesota is above the national average, driven by frequent and costly hailstorms, tornadoes, and harsh winters.
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Minnesota at a glance
Data as of 2022Average cost
$1,774/yr
≈ $148/mo
vs U.S. average
+13%
above the national avg of $1,569/yr
Top risks
Hail, tornadoes & severe storms
Source: NAIC (2022). Average annual premium for owner-occupied HO-3 homeowners policies.
Home insurance in Minnesota is above the national average, driven by frequent and costly hailstorms, tornadoes, and harsh winters.
How much does home insurance cost in Minnesota?
The average homeowner in Minnesota pays $1,774 per year for home insurance — that’s 13% above the U.S. national average of $1,569/yr. Your own rate depends on your home’s rebuild cost, age, construction, location, and claims history.
Minnesota vs the national average
13% above the national average of $1,569/yr.
Source: NAIC (2022). Average annual premium for owner-occupied HO-3 homeowners policies.
What drives home insurance costs in Minnesota
Hail is the dominant claim type, and most policies carry a wind/hail deductible. Snow load, ice dams, and frozen pipes add significant winter losses.
What home insurance covers
A standard Minnesota homeowners (HO-3) policy bundles several coverages. Note what’s not included — flood and earthquake always require separate policies.
| Coverage | What it covers | In a standard policy? |
|---|---|---|
| Dwelling (Coverage A) | The structure of your home itself | Core coverage |
| Other structures (B) | Detached garages, fences, sheds | Included |
| Personal property (C) | Your belongings — furniture, electronics, clothes | Included |
| Liability (E) | Injuries to others or damage you’re responsible for | Included |
| Loss of use (D) | Living expenses if your home is uninhabitable | Included |
| Flood / earthquake | Flood and quake damage | Excluded — separate policy |
Homeowners insurance is not legally mandated, but mortgage lenders require it for the life of your loan.
How to lower your home insurance in Minnesota
Rates for the same home can vary widely between insurers in Minnesota, so comparing several quotes is the most effective way to save. A few other ways to lower your premium:
- Raise your deductible if you can cover it in a claim
- Bundle home and auto insurance with one carrier
- Harden your home against local risks (impact-resistant roof, storm shutters, defensible space) for discounts
- Improve security — alarms, smoke detectors, water-leak sensors
- Avoid small claims so you keep claims-free discounts
Average premium data last verified June 6, 2026. Source: NAIC. Figures are statewide averages — your quote will differ based on your specific home.
Minnesota home insurance FAQs
Common questions about homeowners insurance in Minnesota
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