Best Homeowners Insurance in Minnesota

Cheapest home insurance in Minnesota: North Star Mutual, $98 a month; Chubb, $139 a month; and American Family, $153 a month.

See Your Rates

North Star Mutual offers the most affordable home insurance rates in Minnesota at $98 a month. Chubb is the next-cheapest option at $139 a month.

Most of the biggest homeowners insurance companies in Minnesota offer rates higher than the national average. This makes it important for you to see as many cost-versus-coverage comparisons as you can from different providers. We can help you find the best choice for a home insurance company.

In this article

What are Minnesota's cheapest home insurance companies?

North Star Mutual carries the cheapest average rate in Minnesota for home insurance at $98 a month. Chubb has the next most affordable rate of $139. American Family is the third-cheapest at $153 a month.

Cheapest home insurance companies in Minnesota
Company Monthly rate
North Star Mutual $98
Chubb $139
American Family $153
Travelers $164
Allstate $174
Farmers $181
State Farm $190
Country Mutual $240
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

The average cost of home insurance in Minnesota

Minnesota residents pay an average of $167 a month for homeowners insurance. This is 13% higher than the national home insurance rate of $146 a month.

When calculating your quote for home insurance, providers consider many different factors, including:

  • Your ZIP code
  • The age and condition of the home
  • Construction materials used
  • Your personal claim insurance history

The difference in rates between home insurance companies, despite offering fairly similar coverage, comes down to the different risk weights they put on different factors. For example, one insurer may consider the age of a home a bigger risk than another. In order to find your best combo of price and policy offerings, compare policies from many different home insurance companies side by side.

Compare rates from the best home insurance companies

Also be aware that your deductible is going to have an effect on your home insurance rate. The higher the deductible limit you chose, the lower your annual premium will be.

The best home insurance companies in Minnesota

Based on our studies, we found North Star Mutual, Chubb and American Family are the top home insurance providers in Minnesota. Here's why:

North Star Mutual: Best local home insurance provider

Based in Minnesota, North Star offers both the cheapest rate in the state of $98 a month and great service if you want the close-to-home touch. Offering home insurance throughout the Midwest since the 1920s, North Star Mutual also carries AM Best's A+ "superior" rating, indicating excellent financial strength. If you're looking for a combination of affordable coverage and local service, North Star Mutual is an excellent choice.

Chubb: Best for high-value homes

Chubb has the second-cheapest rates for homeowners insurance in Minnesota at $139 a month. Furthermore, it is an excellent choice if you own a luxury home. Chubb's Masterpiece program is designed to provide affordable coverage for homes that could otherwise be cost-prohibitive to insure. The Masterpiece program includes:

  • Extended replacement cost coverage that covers the full rebuild of your home, even if the bill is over your policy's dwelling coverage limit.
  • A cash payout up to your policy limit instead of rebuilding if your house is damaged or destroyed.
  • The option to use a contractor of your choice instead of one off of a preferred list.

American Family: Best discounts

Minnesota homeowners pay an average of $153 a month for home insurance with American Family. While it may not have the cheapest rates available, American Family has the best discount options of the top home insurers in the state that can save you even more. These include:

  • Payment discount: Paying your premium by autopay can get you a discount.
  • Renovated home discount: If you've updated the systems in your home in the past 15 years, you might be eligible for a discount.
  • Bundle discount: Bundling your home insurance with an auto policy through American Family can save you up to 20% on your home insurance and up to 29% on your car insurance.

The cheapest home insurance in Minnesota by city and county

Of the biggest cities in Minnesota, Rochester has the most affordable home insurance rates with an average of $91 a month through North Star Mutual. Duluth has the second-cheapest rates of $97 a month with North Star Mutual.

Home insurance rates in Minnesota cities by company
City American Family Chubb North Star Mutual
Blaine $158 $141 $113
Bloomington $176 $135 $113
Brooklyn Park $165 $135 $113
Duluth $150 $154 $97
Lakeville $173 $137 $113
Minneapolis $159 $144 $153
Plymouth $179 $122 $113
Rochester $154 $103 $91
St. Paul $164 $142 $155
Woodbury $170 $135 $113
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

In the most populous counties in Minnesota, Olmstead County and Stearns County share the cheapest average rate for home insurance at $91 a month with North Star Mutual. St. Louis County has the second-cheapest rate of $93 a month, again with North Star Mutual.

Home insurance rates in Minnesota counties by company
County American Family Chubb North Star Mutual
Anoka $157 $142 $113
Dakota $169 $135 $113
Hennepin $170 $137 $129
Olmsted $154 $103 $91
Ramsey $167 $139 $135
Scott $174 $145 $113
St. Louis $148 $154 $93
Stearns $166 $135 $91
Washington $170 $135 $113
Wright $166 $135 $113
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.


We collected quotes from every ZIP code in Minnesota from the following home insurance companies:

  • Allstate
  • American Family
  • Chubb
  • Country Mutual
  • Farmers
  • North Star Mutual
  • State Farm
  • Travelers

Average rates for a standard HO-3 homeowners insurance policy we calculated using the following coverages:

  • $275,000 dwelling (unless otherwise noted)
  • $27,500 other structures
  • $137,500 personal property
  • $55,000 loss of use
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible (unless otherwise noted)

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