Detroit Insurance Rates:

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.

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Three Factors Affecting Cost of Homeowners Insurance in Detroit, MN

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.

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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 Homeowners Insurance By Home Value

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

Top Home Insurance Agents Near Detroit, MN

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

Cost Of Homeowners Insurance By Street Near Detroit, MN

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

Detroit, MN Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Detroit$152 to $156
Detroit Lakes$151
Richwood$154
Erie$155

Detroit, MN Auto & Homeowners Insurance Bundling Discounts

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

Detroit, MN Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Detroit, MN6.9%22.9%
Detroit Lakes6.54%23.14%
Richwood6.43%23.85%
Erie6.87%22.31%

Detroit Renters Insurance as a Percentage of Rent

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