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Minneapolis, MN Home Values & Insurance Rates

Minneapolis, MN Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,782 2.0% $114
$60,000 to $69,999 737 1.0% $302
$70,000 to $79,999 791 1.0% $354
$80,000 to $89,999 1,340 1.0% $406
$90,000 to $99,999 1,364 1.0% $448
$100,000 to $124,999 5,552 7.0% $521
$125,000 to $149,999 5,829 8.0% $657
$150,000 to $174,999 9,657 13.0% $771
$175,000 to $199,999 8,521 11.0% $896
$200,000 to $249,999 16,065 22.0% $1084
$250,000 to $299,999 9,867 13.0% $1324
$300,000 to $399,999 9,832 13.0% $1679

Minneapolis Renters Insurance as a Percentage of Rent

Minneapolis Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 2,910 3.0% $327
$200 to $299 5,536 6.0% $777
$300 to $499 5,128 6.0% $1227
$500 to $749 20,373 25.0% $1902
$750 to $999 20,070 24.0% $2652
$1,000 to $1,499 19,731 24.0% $3777
$1,500 or more 7,534 9.0% $5427

Example Minneapolis Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Nationwide InsuranceFarmers InsuranceTravelers
Monthly Premium 1319690
Year Built 196919481980
Home Details 5 Beds, 3 Baths3 Beds, 1 Baths4 Beds, 1 Baths
Coverage Amount $400000-$500000$125000-$150000$200000-$250000
Deductible > $10,000 Deductible$1000-$2500 Deductible$2500-$5000 Deductible

Top Home Insurance Agents Near Minneapolis, MN

Home Insurance Company Near Minneapolis, MN Homeowners Insurance Agency Near Minneapolis, MN Address Distance from Minneapolis, MN (miles)
Freeberg Insurance Agency, Inc. 309 W Main St , Cannon Falls, MN, 55009 36.3
Oakwood Insurance Agency, Inc. 129 Central Ave, Osseo, MN, 55369 12.5
Liberty Mutual Independent Lake Country Insurance Services Llc 1001 Twelve Oaks Center Dr Ste 1007 Wayzata, Minnetonka, MN, 55391 10.1
Travelers North Suburban Agencies Inc 11421 Hanson Boulevard Northwest Coon Rapids, Coon Rapids, MN, 55433 15.0
Travelers P&H Ins Agency Inc 11800 SINGLETREE LN STE 120, EDEN PRAIRIE, MN, 55344 10.7

Minneapolis, MN Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
55419 $315,300 $1,110
55405 $307,600 $1,120
55414 $261,800 $1,090
55403 $259,900 $1,090
55401 $250,500 $1,080
55409 $243,500 $1,070
55415 $240,200 $1,070
55449 $240,200 $1,070
55408 $239,300 $1,060
55417 $228,900 $1,060
55413 $212,300 $1,060
55404 $198,900 $1,050
55418 $198,200 $1,050
55406 $197,500 $1,040
55407 $188,600 $1,030
55454 $180,100 $1,040
55411 $132,400 $1,000
55412 $130,800 $1,000

Estimated Home Insurance By Street Area Near Minneapolis, MN

Minneapolis Area Estimated House Insurance
Edmund Blvd S, Oak St SE, Taft St NE, St Anthony Ln, Malcolm Ave SE, 12th St S, Van Buren St NE, 14th Ave SE, California St NE, NE Hollywood Ave$1,123
Osseo Rd, William Berry Pkwy, Lourdes Pl, Fairmount Ave SE, S Upton Ave, Beacon St SE, N 3rd St, Sibley St NE, Dorman Ave S, 16th Ave SE$1,109
E 17th St, NE Hayes St, 4th St S, 27th Ave SE, Orlin Ave SE, E River Pkwy, Butler Pl S, List Pl, E 23rd St, Cumberland Rd$1,076
Colfax Ln S, Harmon Pl, 23rd Ave SE, 25th Ave SE, 3rd Ave NE, Hillside Ave N, Roseway Rd, Industrial Blvd NE, NE Ulysses St, NE Pierce Pl$1,033
NE Stinson Pwky, 15th Ave SE, 12th Ave NE, S 2nd St, 1st Ave NE, Franklin Ave SE, N 6th St, 3rd Ave NE, 10th St N, NE McKinley St$1,039

Minneapolis, MN Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$700$1,700
Yearly Minneapolis Homeowner Insurance Premium Example $1,900$1,700
Out of Pocket Expense During Claim$700$1,700
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $15,900$15,300
Net Savings to Minneapolis Home Owner from High Deductible Plan $600

Minneapolis, MN Home Insurance Costs With Home Replacement Value Scenarios

Scenario Minneapolis, MN Home Replacement Value MORE than Home Value Minneapolis, MN Home Replacement Value LESS than Home Value
Replacement Value $367,500 $237,000
Insurance Premium based on Replacement Value $2,800 $1,800
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $59,500 Risk Exposure from Under Insuring Coverage is $71,000
Premium Impact Insurance cheaper by $550/year Insurance costlier by $450/year