Minneapolis Insurance Rates:

Minneapolis, MN homeowners insurance is roughly $885 to $1,200, about $73-$100/month. Our in depth analysis reveals consumers can save upto $417 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

Liberty Mutual
We have a personal relationship with our local insurance salesman and claim agent, which feels reassuring. it's pleasanter to say "call tony" than "call the insurance".
Progressive Home Advantage
My home insurance company rate doesn't change from year to year, even with the discount aspect. even though it is cheaper than others. i have comparison shopped around for, i think it's not discounted enough for being bundled with my car insurance. i think the price could be better, honestly.
Progressive - Home Advantage
When i need to view or adjust my coverage, i can easily access my information online or over the phone. they have always done their job quickly and efficiently.

Minneapolis, MN Homeowners Insurance By Home Value

Minneapolis, MN Home Value Total Homes % of Total Average Minneapolis, MN 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

Top Home Insurance Agents Near Minneapolis, MN

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

Cost Of Homeowners Insurance By Street Near Minneapolis, MN

Streets in Minneapolis Area Homeowners Insurance Cost
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 Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Minneapolis$156 to $158
Lauderdale$154
Golden Valley$160
St. Louis Park$158

Minneapolis, 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
Lauderdale city, Minnesota $154 $205 $308
Golden Valley city, Minnesota $161 $214 $321
St. Louis Park city, Minnesota $158 $211 $317

Minneapolis, 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
Minneapolis, MN5.1%15.2%
Lauderdale6.08%19.67%
Golden Valley4.73%13.74%
St. Louis Park4.86%16.73%

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

Minneapolis, MN Homeowners 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

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

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

Sample Home Insurance Rates for Minneapolis, MN from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1967 600,000 Wood Shake Roof 4,680 5 > $10,000 Deductible 2130 10 Vinyl siding No
1985 335,000 Slate Shingles Roof 2,820 5 > $10,000 Deductible 1840 12 Stone Siding No
1940 220,000 Asphalt Shingles Roof 2,130 3 $2500-$5000 Deductible 860 9 Wood siding No
1980 310,000 Slate Shingles Roof 2,640 5 > $10,000 Deductible 1170 10 Stone Siding No
1963 175,000 Metal Roof 1,820 4 $500- $1000 Deductible 290 3 Stucco siding No
1986 380,000 Asphalt Shingles Roof 2,880 5 $500- $1000 Deductible 790 3 Wood siding No
1985 585,000 Asphalt Shingles Roof 5,000 5 $2500-$5000 Deductible 1160 4 Stone Siding No
1983 170,000 Shingles Roof 1,400 2 $500 Deductible 660 7 Vinyl siding No
1948 125,000 Composition Roof 1,150 2 $500- $1000 Deductible 240 3 Vinyl siding No
1966 130,000 Asphalt Shingles Roof 1,250 2 $1000-$2500 Deductible 850 10 Fiber-Cement Siding yes
1952 440,000 Asphalt Shingles Roof 2,346 4 $1000-$2500 Deductible 3060 7 Brick siding yes