Detroit, MN homeowners insurance is nearly $866 to $1,196, about $72-$99/month. Our thorough guide indicates shoppers can save upto $412 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
The average price of home insurance in Detroit, MN, is $606. If you are like most people, your home is your most valuable asset. It is where you and your family live and where you keep your most prized possessions. If something happened to your home, such as a fire or a burglary, you would be left with nothing. Homeowner’s insurance protects you from financial ruin in the event that something happens to your home. Another reason why homeowner’s insurance is so important is that it protects you from liability. If someone is injured on your property, you could be sued or maybe have to pay medical expenses, which as a result may cost a lot of money. If you have homeowner’s insurance, your insurance company will pay for the damages that the person sustained. If you do not have insurance, you could be forced to pay for the damages out of your own pocket. There are a lot of different things that homeowner’s insurance covers.
The cost of homeowner’s insurance is affected based on several factors, including the value of your home, the amount of coverage you need, and the deductibles you are willing to pay. The cost of homeowner’s insurance in Detroit, MN, is relatively affordable, especially considering its protection. Here are a few factors which may affect your homeowner’s insurance rates in Detroit, MN.
1. By choosing a higher deductible
The amount you agree to pay toward a claim before your insurer steps in and covers the balance is known as your home insurance deductible. In Detroit, Minnesota, for example, homeowners with deductibles of 500 and 1500 pay premiums of $598.73 and $509.89, whereas those with deductibles of 2000 and 2500 pay premiums of $462.86 and $435.11, respectively. Therefore, the lower the homeowner's insurance rates in Detroit, Minnesota, the higher the deductible.
2. By installing security features
As a homeowner, you are always looking for ways to save money. One way to do this is by installing security features that will help reduce your homeowner's insurance cost. You can deter burglars and help protect your home and belongings by taking some simple steps. Consider installing an alarm system, motion sensor lights, or a security camera. These devices will deter burglars and may even help catch them in the act. If someone tries to break into your house, you will have visual evidence to support the police catching the culprit. Making your home more secure will give you peace of mind and could help you save money on your homeowner's insurance. Taking simple precautions can help protect your home and belongings and save on your insurance costs. For instance, homes with deadbolts and fire extinguishers in Detroit, Minnesota, pay $521.16 and $557.52 for home insurance.
3. By maintaining a zero claims history
One of the factors that may affect your car insurance rates in Detroit, MN, is your claims history. Insurance providers consider this factor while determining auto insurance rates. Insurance companies like to see that you are a responsible homeowner who takes care of their property and doesn't make any frivolous claims. If you have a zero claims history, you are likely to get a discount on your premium. Even if you have a small claim, it could still cause your rates to go up, so it's best to avoid making any claims if possible. For example, homeowners in Detroit, Minnesota, who have zero claims history, have to pay a premium of $533.28. In contrast, in Detroit, Minnesota homeowners with one or two claims must pay $648.42 and $678.72, respectively, for homeowners insurance.
|Detroit, MN Home Value||Total Homes||% of Total||Average Detroit, MN Homeowners Insurance|
|Less than $50,000||79||13.0%||$123|
|$60,000 to $69,999||17||2.0%||$340|
|$70,000 to $79,999||7||1.0%||$391|
|$80,000 to $89,999||19||3.0%||$443|
|$90,000 to $99,999||22||3.0%||$494|
|$100,000 to $124,999||41||6.0%||$577|
|$125,000 to $149,999||59||9.0%||$721|
|$150,000 to $174,999||68||11.0%||$845|
|$175,000 to $199,999||49||8.0%||$979|
|$200,000 to $249,999||95||15.0%||$1185|
|$250,000 to $299,999||61||10.0%||$1443|
|$300,000 to $399,999||89||14.0%||$1835|
|Home Insurance Company Near Detroit, MN||Homeowners Insurance Agency Near Detroit, MN||Address|
|NA||Henning Agency, Inc.||512 Douglas Ave., Henning, MN, 56551|
|State Farm||Bill Stearns||320 Jefferson St N Ste 1, Wadena, MN, 56482-1373|
|Allstate||Fredrick Hage||2619 University Dr S, Fargo, ND, 58103|
|Travelers||Great North Ins Services Llc||675 13TH AVE E STE 101, WEST FARGO, ND, 58078|
|Travelers||Headwaters Agency Inc||315 PARK AVE S, PARK RAPIDS, MN, 56470|
|Streets in Detroit Area||Homeowners Insurance Cost|
|Rud St, N Tower Rd, Oak Grove Ave, 370th Ave, Holmes St E, Lori Ave, Care Free Ln, Shorewood Cir, Indy 500 Rd, Becker||$979|
|Country Acres Rd, Cozy Cove Rd, Pine Ave, 245th Ave, 250 St, S River Dr, Lincoln Ave, Duck Key Rd, Co Rd 54, Balsam Ave||$1,047|
|Upsala Rd, McKinley Ave, N Shore Dr, Silver Star Rd, Paradise Point Rd, Highwood Cir, 295th Ave, 137th St, Larson Ave, Clarks Grove Rd||$1,052|
|Acorn Lake Rd, Co Rd 32, Minnesota Ave, Whiskey Creek Dr, McKinley Ave, Frazee Rd, Longview Dr, Campbell Ave, 10th Ave SE, Kiehl Rd||$991|
|W River Rd, N P Rd, Co Rd 144, Ridgeview Cir, Carol Ave, Richard Ave, 358th Ave, Poplar Ln, Floyd Lake Dr, Klein Rd||$1,063|
|Place||Savings For Senior Occupied Homes|
|Detroit||$152 to $156|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Detroit Lakes city, Minnesota||$126||$168||$252|
|Richwood township, Becker County, Minnesota||$129||$172||$258|
|Erie township, Becker County, Minnesota||$130||$173||$259|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Detroit Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|$300 to $499||15||15.0%||$1232|
|$500 to $749||19||19.0%||$1907|
|$750 to $999||20||20.0%||$2657|
|$1,000 to $1,499||42||43.0%||$3782|