Buffalo Insurance Rates:

Buffalo, MN home insurance is nearly $864 to $1,177, about $72-$98/month. Our all inclusive research indicates shoppers can save as much as $408 by comparing multiple quotes

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Buffalo Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $1000/4 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $355,000

5 Beds, 5 Bath 3220 sqft Seasonal Residence Constructed In 1981 with Carpet over wood flooring, Slate Shingles Roof, Chainwall Foundation, Wood siding, Brick Frame. Home Features Include Copper Water Pipes, Smoke Alarm, Fire Extinguisher, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Divorced Male who is Unemployed and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $160/1 month for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

5 Beds, 5 Baths 2790 sqft Seasonal Residence Constructed In 1981 with Ceramic Tile Flooring, Slate Shingles Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Smoke Alarm, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

36 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1220/10 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $190,000

3 Beds, 3 Baths 2180 sqft Vacation Property Constructed In 2014 with Carpet over wood flooring, Metal Roof, Chainwall Foundation, Stucco siding, Brick Frame. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

47 Years old Married Male who is a Freelancer with household income of $75-$100,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $430/7 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $125,000

3 Beds, 3 Baths 1230 sqft Rental Property Constructed In 1943 with Carpet Flooring, Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Smoke Alarm, Fireplace, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Divorced Female who is a Freelancer with household income of $100-$150,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $730/9 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $145,000

3 Beds, 3 Bath 1470 sqft Seasonal Residence Constructed In 1941 with Hardwood Flooring, Metal Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Swimming Pool, Copper Water Pipes, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

42 Years old Divorced Female who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1080/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $160,000

3 Beds, 3 Bath 1620 sqft Rental Property Constructed In 2013 with Stone Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Vinyl siding, Wood Frame. Home Features Include Central Air Conditioning, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

43 Years old Divorced Male who has a Full Time Job with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1320/8 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $220,000

3 Beds, 3 Bath 1820 sqft Vacation Property Constructed In 2002 with Linoleum, Asphalt Shingles Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

51 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $50/1 month for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $120,000

3 Beds, 3 Baths 1380 sqft Vacation Property Constructed In 2011 with Hardwood Flooring, Shingles Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Smoke Alarm, Fireplace, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

31 Years old Single Male who is a Freelancer with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Buffalo, MN Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
55313 $211,400 $1,050

Buffalo Rates & Quotes Analysis:

Buffalo Area Estimated House Insurance
Oak Ave N, 13th St NE, Crofoot Ave NW, Dillon Ave NW, 87th St NW, Moland Ave N, 15th St S, 4th Ave S, Iris Ln, Chestnut St NW$1,047
Maple Ave, Ames Ave NW, 17th St S, 33rd St SE, SE 36th St, 7th Ave S, 25th St NW, 70th St NW, 73rd St NW, 7th Street Ct NW$1,050
Ebersole Ave SE, Dague Ave NE, Highland Ln, State Hwy 55 NE, 28th St NW, Ross Ln, Bluebird Ln, 1st St W, Haug Ave SE, Sunny Hill Rd$1,050
Maple Ln, Douglas Dr, Woodhill Dr, Donnelly Dr NW, Congress St E, Woods Cir, Co Rd 37 NW, Rattvik Cir, Juniper Ln, Park Ave$1,013
5th Ave NW, Clementa Ave NW, Biscayne Ln, Farmington Ave NE, Lakeview Pkwy, Meadowood Dr, Sakenda Rd, Gabler Ave SE, State Hwy 55 NW, 6th Ave NE$1,049

Insurance rates are influenced by a number of factors including:

  • Year Built: 903 Homes (14% of total) built between 1970 to 1979 in Buffalo are paying home insurance between $1,654-$1,670 and differs from Chatham (+$141), Wright County (+$24), Maple Lake (+$113), Montrose (-$23) and Waverly (-$24).
  • Bedrooms: 1,763 2 bedrooms homes (30% of total homes ) in Buffalo are paying about $663. Areas near to Buffalo such as Chatham, Wright County, Maple Lake are costlier by $57, $10, $46 respectively whereas Montrose and Howard Lake are more economical by $9, $5 respectively for similar homes.
  • Auto Insurance Bundling: 1,114 Households (27% of all households) in Buffalo have 3 or more vehicles available and when it is bundled with home insurance you can save $255 and varies from Chatham ($276), Wright County ($258), Maple Lake ($272).
  • Senior Discounts: 1,207 seniors (more than 55 years) occupied housing units (29% of total) in Buffalo get discounts between $152 to $155 in contrast with Chatham ($166), Wright County ($155), Maple Lake ($163).
  • New Homes discounts: New homes such as the 3,606 homes built between 2000 to 2009 in Buffalo can save $204 in contrast with Chatham ($221), Wright County ($207), Maple Lake ($218).

Buffalo Homeowners insurance Facts

  • Buffalo, MN has 4,072 owner occupied houses which is 70.0% of all units whereas Chatham, Wright County and Maple Lake have 92.64%, 84.35% and 88.77% respectively.
  • Buffalo, MN homeowners yearly insurance price at $1,020 is 0.58% of the typical house value of $177,200 which is in contrast with 0.34% in Chatham, 0.51% at Wright County & 0.36% in Maple Lake.
  • Homeowners in Buffalo, MN pay 1.36% of their income ($75,000 or more) in insurance whereas homeowners in Chatham, Wright County and Maple Lake pay 1.48%, 1.38% and 1.45% respectively.
  • Buffalo, MN’s insurance is 5.2% of monthly housing costs of $1,649/month, for owners with a mortgage compared to 4.42% in Chatham, 5.09% at Wright County & 4.97% in Maple Lake. But, for households without a mortgage, insurance is 18.1% of costs ($471 in Buffalo, MN) in contrast with 15.61% in Chatham, 18.16% at Wright County & 18.96% in Maple Lake.

Buffalo, MN Home Values & Insurance rates

For example, insurance for 479 Homes (12.0% of total homes ) valued between $175,000 to $199,999 in Buffalo, MN is about $1,071. Rates in nearby areas in such as Chatham, Wright County, Maple Lake are cheaper by $441, $130, $396 respectively while Montrose and Monticello are costlier by $166 and $37 respectively for similar homes.

Buffalo, MN Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 307 7.0% $142
$90,000 to $99,999 105 2.0% $540
$100,000 to $124,999 431 11.0% $632
$125,000 to $149,999 442 11.0% $785
$150,000 to $174,999 698 17.0% $928
$175,000 to $199,999 479 12.0% $1071
$200,000 to $249,999 790 20.0% $1295
$250,000 to $299,999 378 9.0% $1581
$300,000 to $399,999 260 6.0% $2009

Renters Insurance in Buffalo

  • Average Renters Insurance in Buffalo :  $144($12/month)

  • Median Gross Rent in Buffalo :  $846

  • Buffalo Renters Insurance to Median Rent Ratio:  1.42%

  • Average household size of renter-occupied unit :  1.9

Buffalo Renters Insurance as a Percentage of Rent

Buffalo Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 42 2.0% $336
$200 to $299 38 2.0% $786
$300 to $499 142 8.0% $1236
$500 to $749 361 22.0% $1911
$750 to $999 496 30.0% $2661
$1,000 to $1,499 369 22.0% $3786
$1,500 or more 174 10.0% $5436

Rent Affordability in Buffalo:

Approximately 53.0% (937) of households are spending more than 35% of their income on gross rent in Buffalo

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 141 8.0%
15.0 to 19.9 percent 135 7.0%
20.0 to 24.9 percent 285 16.0%
25.0 to 29.9 percent 165 9.0%
30.0 to 34.9 percent 85 4.0%
35.0 percent or more 937 53.0%

Protective device discount in Buffalo Up to :  $21

Claims-free discount in Buffalo Up to :  $28