Mankato Insurance Rates:

Mankato, MN home insurance is about $854 to $1,159, about $71-$96/month. Our complete research reveals consumers can save upto $402 by getting multiple quotes

Compare Quotes from Top Providers and Save now!

See Mankato, Minnesota Homeowners Insurance reviews to see who you can trust & compare the cheapest quotes.

Mankato Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Nationwide Insurance
Home Insurance Rate of $140/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $125,000

3 Beds, 3 Bath 1220 sqft Seasonal Residence Constructed In 1995 with Hardwood Flooring, Slate Shingles Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

73 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

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

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $670/6 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $175,000

3 Beds, 3 Bath 2110 sqft Seasonal Residence Constructed In 1986 with Stone Flooring, Composition Roof, Chainwall Foundation, Stone Siding, Wood Frame. Home Features Include Copper Water Pipes, Deadbolt Locks, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

73 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $680/8 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $170,000

2 Beds, 2 Bath 1670 sqft Primary Residence Constructed In 2012 with Stone Flooring, Metal Roof, Piers Foundation, Stucco siding, Wood Frame. Home Features Include Indoor Sprinklers, Smoke Alarm, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

Home Insurance Rate of $230/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $250,000

3 Beds, 3 Bath 2330 sqft Primary Residence Constructed In 1985 with Carpet over wood flooring, Metal Roof, Piers Foundation, Wood siding, Brick Frame. Home Features Include Deadbolt Locks, Copper Water Pipes, Indoor Sprinklers, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Married Male who is a Freelancer with household income of more than $150,000 and has More than 3 Pets at home and is a Non-Smoker

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

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $2150/10 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $380,000

5 Beds, 5 Baths 4290 sqft Seasonal Residence Constructed In 1999 with Wood Flooring, Wood Shake Roof, Piers Foundation, Stucco siding, Stucco Construction. Home Features Include Fire Extinguisher, Indoor Sprinklers, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

50 Years old Single Female who is a Freelancer with household income of $50-$75,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $950/12 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $170,000

4 Beds, 4 Baths 2000 sqft Rental Property Constructed In 2014 with Carpet over wood flooring, Asphalt Shingles Roof, Piers Foundation, Stucco siding, Brick Frame. Home Features Include Fire Extinguisher, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

57 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 :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $240/3 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $285,000

4 Beds, 4 Baths 3080 sqft Seasonal Residence Constructed In 1948 with Hardwood Flooring, Membrane Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Copper Water Pipes, Deadbolt Locks, Swimming Pool, Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

63 Years old Single Male who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $600/9 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $115,000

2 Beds, 2 Bath 1060 sqft Vacation Property Constructed In 1967 with Carpet over wood flooring, Wood Shake Roof, Slab Foundation, Brick siding, Stucco Construction. Home Features Include Swimming Pool, Indoor Sprinklers, Fire Extinguisher, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

31 Years old Divorced Male who is a Freelancer with household income of $75-$100,000 and has More than 3 Pets at home and is a Smoker

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

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $520/4 months for $200,000-$250,000 Coverage
Policy Holder Home Details :

Home Value : $190,000

3 Beds, 3 Baths 1803 sqft Primary Residence Constructed In 1970 with Linoleum, Slate Shingles Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Indoor Sprinklers, Swimming Pool, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

49 Years old Married Female who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Mankato, MN Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
56001 $162,600 $1,030

Mankato Rates & Quotes Analysis:

Mankato Area Estimated House Insurance
Co Rd 47, 315th Ave, Cedar View Ln, Twp Rd 296, S Prairie St, Twp Rd 298, Valley View Dr, Pleasant Mound Rd, Co Rd 18, Cherry Creek Rd$1,040
Wildlife Rd, State Hwy 22, T-90, Evergreen Ln, Mockingbird Hill Rd, Rabbit Rd, W Elm St, Woodcock Dr, Twp Rd 129, Twp Rd 147$1,035
Scotch Lake Rd, Hillside Ct, Co Rd 148, E Main St, Galway Bay Rd, Kenyon St, Melanie Dr, 333rd Ln, Country Maple Ln, 293rd Ave$1,032
Pleasant St, Fair Point Rd, William St, Twp Rd 360, 466th St, Twp Rd 140, Maple St, Sunset Ave, Pheasant Run Rd, Clifford Dr$1,038
Sunset Ridge Dr, Kelley Dr, Cedar Lawn Ln, Jill Dr, E Wood St, 281st Ave, Sunrise Dr, 410th St, Galles Ln, Saumrels Rd$1,042

Insurance rates are influenced by a number of factors including:

  • Year Built: 1,993 Homes (12% of total) built between 1970 to 1979 in Mankato are paying home insurance between $1,633-$1,648 and varies from North Mankato (+$11), Skyline (+$34), Lime (+$70), Good Thunder (-$42) and Nicollet (-$20).
  • Bedrooms: 4,766 2 bedrooms homes (30% of total homes ) in Mankato are paying about $655 and varies from North Mankato (+$5), Skyline (+$14), Lime (+$28), St. Clair (-$4) and Good Thunder (-$17).
  • Auto Insurance Bundling: 4,128 Households (50% of all households) in Mankato have 2 vehicles available and when it is bundled with home insurance you can save $201 and varies from North Mankato ($202), Skyline ($205), Lime ($210).
  • Senior Discounts: 3,505 seniors (more than 55 years) occupied housing units (42% of total) in Mankato get discounts between $150 to $153 and differs from North Mankato ($152), Skyline ($154), Lime ($157).
  • New Homes discounts: New homes such as the 6,574 homes built between 2000 to 2009 in Mankato can save $201 in contrast with North Mankato ($202), Skyline ($205), Lime ($210).

Mankato Homeowners insurance Facts

  • Mankato, MN has 8,203 owner occupied houses which is 55.0% of all units whereas North Mankato, Skyline and Lime have 73.07%, 94.03% and 87.88% respectively.
  • Mankato, MN homeowners yearly insurance price at $1,007 is 0.66% of the typical house value of $153,100 which is in contrast with 0.61% in North Mankato, 0.54% at Skyline & 0.46% in Lime.
  • Homeowners in Mankato, MN pay 1.49% of their income ($60,000 to $74,999) in insurance whereas homeowners in North Mankato, Skyline and Lime pay 1.5%, 1.52% and 1.56% respectively.
  • Mankato, MN’s insurance is 6.7% of monthly housing costs of $1,261/month, for owners with a mortgage compared to 5.97% in North Mankato, 5.88% at Skyline & 5.61% in Lime. But, for households without a mortgage, insurance is 21.4% of costs ($392 in Mankato, MN) in contrast with 18.9% in North Mankato, 21.69% at Skyline & 21.08% in Lime.

Mankato, MN Home Values & Insurance rates

For example, insurance for 853 Homes (10.0% of total homes ) valued between $175,000 to $199,999 in Mankato, MN is about $1,228. Rates in nearby areas in such as North Mankato, Skyline, Lime are cheaper by $93, $221, $367 respectively while St. Clair and Good Thunder are costlier by $73 and $449 respectively for similar homes.

Mankato, MN Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 891 11.0% $161
$60,000 to $69,999 91 1.0% $422
$80,000 to $89,999 133 1.0% $553
$90,000 to $99,999 199 2.0% $624
$100,000 to $124,999 915 11.0% $714
$125,000 to $149,999 1,602 20.0% $896
$150,000 to $174,999 1,310 16.0% $1067
$175,000 to $199,999 853 10.0% $1228
$200,000 to $249,999 1,069 13.0% $1480
$250,000 to $299,999 471 5.0% $1802
$300,000 to $399,999 350 4.0% $2295

Renters Insurance in Mankato

  • Average Renters Insurance in Mankato :  $163($13/month)

  • Median Gross Rent in Mankato :  $693

  • Mankato Renters Insurance to Median Rent Ratio:  1.88%

  • Renter occupied housing units in Mankato :  6,708

Mankato Renters Insurance as a Percentage of Rent

Mankato Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 160 2.0% $340
$200 to $299 228 3.0% $790
$300 to $499 770 11.0% $1240
$500 to $749 2,430 37.0% $1915
$750 to $999 1,434 22.0% $2665
$1,000 to $1,499 810 12.0% $3790
$1,500 or more 589 9.0% $5440

Rent Affordability in Mankato:

Approximately 54.0% (3,661) of households are spending more than 35% of their income on gross rent in Mankato

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 549 8.0%
15.0 to 19.9 percent 404 6.0%
20.0 to 24.9 percent 809 12.0%
25.0 to 29.9 percent 699 10.0%
30.0 to 34.9 percent 586 8.0%
35.0 percent or more 3,661 54.0%

Mankato Renters Insurance Discounts:

Mankato Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Mankato, MN Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 2,499 37.0% $16.3
2 vehicles available 1,777 26.0% $24.45
3 or more vehicles available 1,219 18.0% $32.6

Protective device discount in Mankato Up to :  $24

Claims-free discount in Mankato Up to :  $32