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

State Farm
I would highly recommend State Farm to all of my family and friends. I have had a great experience with them that spans 10 years.the process was very easy and they took care of everything.
American Family Insurance
I believe my policy offerings are very similar to that of other companies. I do not believe that there is anything outstanding or extraordinary about what American Family is offering me
I am overall satisfied with this company and its customer service is very satisfactory. The only issue is that when contacting their line it often takes a long while to get in touch with someone to speak to.
the customer service and the coverage is much more affordable for the same amount as their competitors offer. Anybody who wants to get the most out of their money should check out Progressive.
I recommend Allstate because of the quality of their customer service as well as the quality of the service that they offer. I have had insurance with them my whole life and I wouldn't dream of going with another compant.
State Farm
I'd recommend my company to anyone. The few times I have filed a claim everything has run smooth and I always get what I expected. No surprises.
Farm Bureau
I really like that the agents are so kind and friendly. they are doing a great job with working with everyone.
State Farm
we have had a decent experience with them. We haven't had too many occasions to use customer service,we have been helped quickly and efficiently with now complaints.
Liberty Mutual
I rate it as 5 stars such that it is more comfortable and the services provided by them was really amazing and enough good to over grow through the path in the schemes of benefits.
Farmer's Insurance
Their customer service has always answered my questions, wait times are a little long though.
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".
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.
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.
State Farm
I like that I can see my policy and contact my agent to make changes or file a claim via the website. The application is quite useful and it is not necessary to make a trip to the office in most cases.
Farm Bureau
I do not have any problems with my insurance company's customer service department. I don't care for the agent that took over for my original agent, but the insurance company itself is not the problem.
Very convenient pay system, always timely answering the phone, nice people work there. 4 rating
Farmer's Insurance
The app takes a lot of time to load, the payment always when I use my app. But the website is okay. It shows some quality.
I like the fact that it is a cooperative (member owned), and the fact that it is local and I can talk to someone in my state instead of a representative in a faraway location.
Farm Bureau
The communication regarding the problem we had was not good. Even when they had the opportunity to explain the problem, they did not. Finally someone mentioned it.
I appreciate that the company isn't calling me all the time trying to sell me new products. I like to be treated like a person, not just a customer and I feel that they do that well.
American Family
I have not had any negative experiences with the company thus far. My wife had worked with them previously and has been very happy with their services.
Farm Bureau
There's not much to say about what I don't like. I guess the premiums could always be lower, but everyone could say the same I guess.
Farmer's Insurance
There is nothing that I dislike about the company if there was I would be shopping around to find another company. I don't stay with a company I have problems with.
I like that they don't have a lot of major requirements to cover you. Theu are not as strict on conditions of the property.
Farm Bureau
I would recommend this company for home insurance compared to other policies, efficient and fast responses at the time of an accident, the premiums are more affordable prices and the response service in the momonto of a claim is faster.
Black Ridge Bank
I would recommend them to others. I like that they are local, and also that their premiums and deductibles are fairly priced
State Farm
I wouldn't recommend the agent. She has been dishonest. But I have never had problems with the insurance company themselves.
I would recommend this company because of the speed of service when I had a home flood, the fairness of their estimates, the equality of referrals for repair companies, a as well as the speed of payment.
I can make any changes on my coverage through the mobile app. I have to call the agency to make any changes
Universal Property & Casualty Insurance Company
at this time, we do not have anything that we dislike about Universal Property and Casualty insurance.
Fairmont Farmers Mutual
The policy premiums didn't cover identity theft like I thought it maybe should and the premiums rise every year. Not all prices rise over time!
My insurance companies premium and deductible of my poilicy is more expensive than other companies. Even though I bundle my coverages at this company for a small discount.
Country Financial
Yes, I would recommend Country Financial for one's home needs. They are affordable, comprehensive and all around excellent customer service.

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
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
NA Freeberg Insurance Agency, Inc. 309 W Main St , Cannon Falls, MN, 55009
NA Oakwood Insurance Agency, Inc. 129 Central Ave, Osseo, MN, 55369

Minneapolis, MN Home Insurance Agents for Top Companies

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
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%
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
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
1986 535,000 Wood Shake Roof 4,150 5 $500- $1000 Deductible 4210 9 Stone Siding yes
1948 165,000 Shingles Roof 1,600 4 $500 Deductible 1250 12 Vinyl siding yes
1980 190,000 Slate Shingles Roof 1,690 3 $2500-$5000 Deductible 140 1 Stone Siding No
1987 115,000 Composition Roof 1,090 2 $2500-$5000 Deductible 70 1 Wood siding yes
1962 155,000 Slate Shingles Roof 1,240 3 $5000 to $10,000 Deductible 80 1 Vinyl siding yes
1964 425,000 Membrane Roof 3,250 4 $2500-$5000 Deductible 1480 7 Fiber-Cement Siding No
1989 385,000 Slate Shingles Roof 2,690 4 $2500-$5000 Deductible 1190 6 Wood siding No
1964 160,000 Composition Roof 1,610 5 $2500-$5000 Deductible 260 4 Stone Siding yes
1963 110,000 Composition Roof 1,110 2 $1000-$2500 Deductible 760 10 Fiber-Cement Siding yes
1940 295,000 Slate Shingles Roof 2,100 5 $5000 to $10,000 Deductible 560 6 Brick siding No
1988 160,000 Metal Roof 1,420 2 $5000 to $10,000 Deductible 500 10 Brick siding No
1984 190,000 Wood Shake Roof 1,750 3 $500 Deductible 1140 9 Fiber-Cement Siding No
1967 295,000 Asphalt Shingles Roof 3,040 5 $1000-$2500 Deductible 1870 9 Stucco siding No
1962 210,000 Metal Roof 2,170 4 $5000 to $10,000 Deductible 850 10 Brick siding No
1944 455,000 Slate Shingles Roof 4,240 5 $500- $1000 Deductible 3560 12 Wood siding yes
1946 285,000 Shingles Roof 2,390 3 $1000-$2500 Deductible 340 2 Fiber-Cement Siding yes
1960 275,000 Shingles Roof 2,180 3 > $10,000 Deductible 770 9 Wood siding yes
1965 505,000 Slate Shingles Roof 4,580 5 $500 Deductible 2700 8 Brick siding yes
1949 290,000 Slate Shingles Roof 2,100 5 $1000-$2500 Deductible 300 2 Wood siding No
1989 125,000 Composition Roof 1,320 2 $500- $1000 Deductible 820 12 Stone Siding No
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

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