How To Make Your Minneapolis, MN Home Insurance Cheaper
Minneapolis, MN, homeowners insurance is about $1260. V Home Insurance detailed analysis provides guidance to shoppers by choosing the right insurance provider for factors such as home value, coverage, and deductible. Enter your Zip Code below and click “GO” to get multiple free quotes.
Comparison of Minneapolis, MN Home Insurance Rates with the Hennepin County Average
| Place | Hennepin County Average: $1,325.0 | $ Difference vs coutny Average | % Difference vs coutny Average | Population | Estimated Value of a Home ($) |
|---|---|---|---|---|---|
| Minneapolis, MN | $1,260.0 | -65.0 | -0.05 | 385,023 | 222,600 |
Cost of Minneapolis, MN Homeowners Insurance by Home Value and Household Income
| Nearby Places | Median Home value ($) | Median Household Income ($) | Premium Range |
|---|---|---|---|
| Vadnais Heights | 221,200 | 13,280 | $1,256 |
| Newport | 185,500 | 7,454 | $1,146 |
| Hugo | 249,300 | 19,226 | $1,336 |
| Denmark | 395,900 | 18,415 | $1,104.6 |
Homeowners Insurance Comparison for the Cheapest Premiums in Minneapolis, MN
| Amica Mutual Insurance | American Family | Farm Bureau | |
| Median Home Value ($) | 222,600 | 222,600 | 222,600 |
| Age of Home | Year 40 Old | Above Year 50 | Year 50 Old |
| Home Coverage ($) | $1000,000 -$1499,999 | $500,000 -$749,999 | $1000,000 -$1499,999 |
| Total Premium ($) | $5,519.6 | $4,701.7 | $5,800.2 |
Cost of Minneapolis, MN Home insurance Premium for Different Deductibles
| Company | Deductible ($) | Coverage value | Insurance premium ($) |
|---|---|---|---|
| Country Financial | 2000 | $1000,000-$1499,999 | 3,835.6 |
| GEICO | 2500 | $250,000-$299,999 | 1,234.6 |
| Grange Insurance | 2500 | $1500,000-$2000,000 | 3,615.8 |
| Farm Bureau | 1000 | $750,000-$999,999 | 3,949.9 |
| American National Property and Casualty Company | 2000 | $200,000-$249,999 | 907.1 |
| American Family | 1500 | $150,000-$174,999 | 706.5 |
| Integrity Insurance | 1500 | $1000,000-$1499,999 | 4,116.3 |
| MAPFRE Insurance | 2500 | $400,000-$499,999 | 2,066.2 |
| Liberty Mutual | 2500 | $300,000-$399,999 | 1,613.0 |
| Ameriprise | 500 | $500,000-$749,999 | 3,563.0 |