Plymouth, MN Home Insurance - Analysis On Quotes, Rates & Agents
Plymouth Insurance Rates:
Plymouth, MN homeowners insurance is approximately $924 to $1,255, about $77-$104/month. Our complete research reveals consumers can save as much as $435 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Cheapest Homeowners Insurance in Plymouth, MN
The average cost of homeowners insurance in Plymouth, MN, is $1563. Homeowners insurance is one of the most important things you can have to protect your Plymouth, MN, home. It helps to cover the cost of repairs or replacement if your home is damaged or destroyed by a covered event, such as a fire. It also provides liability coverage if someone is injured on your property. Many types of homeowners insurance policies are available, so it's important to work with an experienced agent to find the right one for your needs. The coverage you need will depend on the value of your home and your personal belongings. Before buying a policy, shop around and compare rates from different insurers. Once you have a policy in place, review it regularly and update it as needed to keep it current. Here are some suggestions to help lower Plymouth, Minnesota homeowner's insurance.
Choose a Higher Deductible
The deductible is the amount you would pay out-of-pocket if you had to file a claim. By choosing a higher deductible, you can reduce the cost of your homeowners insurance. While a higher deductible means you would have to pay more out-of-pocket if you had to file a claim, your monthly premium will also be lower. If you are considering a higher deductible, set aside enough money in case you have to file a claim. In Plymouth, Minnesota, homeowners with deductibles of 500 and 1500 pay $1544 and $1315 in premiums, respectively. However, households with deductibles of 2000 and 2500 pay $1193 and $1122, respectively. So, in Plymouth, Minnesota, the higher the deductible, the lower the premium.
Install Security Features
As a homeowner in Plymouth, MN, you can reduce the cost of your homeowner's insurance by installing security features such as fire alarms, smoke detectors, deadbolts and sprinkler systems. Many insurance companies offer discounts for homes with security features, so it pays to invest in them. For instance, homeowners in Plymouth, Minnesota, with installed sprinkler and fire alarm systems, pay $1469 and $1469 for their home insurance.
To find out how much homes in Plymouth, Minnesota paid for security feature installation, see the chart below.
Maintain a Zero Claims History
Maintaining a zero claims history is one of the best ways to reduce the cost of homeowners insurance in Plymouth, MN. Homeowners who have never filed a claim on their policy pay an average of 15% less for their insurance than those who have. Insurance companies view these policyholders as lower risk and reward them with lower rates. Consider paying out of pocket for small claims like electrical damage, plumbing issues, or minor wall cracks rather than submitting a claim and running the chance of a rise in your Plymouth, Minnesota, home insurance rates. For example, homeowners in Plymouth, Minnesota, who have never filed a claim, must pay a premium of $1360. In contrast, in Plymouth, Minnesota, homeowners with one or two claims must pay $1672 and $1750 for homeowners insurance.
Plymouth, MN Homeowners Insurance By Home Value
| Plymouth, MN Home Value | Total Homes | % of Total | Average Plymouth, MN Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 395 | 2.0% | $87 |
| $90,000 to $99,999 | 170 | 1.0% | $337 |
| $100,000 to $124,999 | 530 | 3.0% | $392 |
| $125,000 to $149,999 | 676 | 4.0% | $500 |
| $150,000 to $174,999 | 1,078 | 6.0% | $588 |
| $175,000 to $199,999 | 1,157 | 7.0% | $675 |
| $200,000 to $249,999 | 2,985 | 18.0% | $816 |
| $250,000 to $299,999 | 3,304 | 20.0% | $1001 |
| $300,000 to $399,999 | 5,261 | 33.0% | $1274 |
Top Home Insurance Agents Near Plymouth, MN
| Home Insurance Company Near Plymouth, MN | Homeowners Insurance Agency Near Plymouth, MN | Address |
|---|---|---|
| Allstate | Brady Mickolichek | 7760 France Ave S Ste 1010A, Bloomington, MN, 55435 |
| State Farm | Gus Anchondo | 8800 Highway 7 Ste 300, St Louis Park, MN, 55426-3928 |
| State Farm | John Matschke | 4874 Highway 61 N, White Bear Lk, MN, 55110-2874 |
| Allstate | Monticello Agency | 3616 SCHOOL BLVD STE 100, MONTICELLO, MN, 55362 |
| Travelers | Time Financial Services Inc | 2345 RICE ST STE 223, ROSEVILLE, MN, 55113 |
Plymouth, MN Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Plymouth, MN
| Streets in Plymouth Area | Homeowners Insurance Cost |
|---|---|
| 58th Pl N, 46th Pl N, 45th Ave, 42nd Pl N, Old Co Rd 15, Queensland Ct, 57th Pl N, Sunset Trl, 28th Pl N, Cottonwood Ln | $1,093 |
| Vagabond Ln, Empire Ln N, Alvarado Ln, Medina Rd, 45th Pl N, Urbandale Ln, 47th Pl N, Yuma Ln N, Narcissus Ct N, 22nd Ave | $1,122 |
| Co Rd 73, Garland Ln, Dallas Ln N, Underwood Ln, 37th Pl N, Carlson Pkwy N, 22nd Pl, Co Rd 73, Plymouth Blvd, Kingsview Ln | $1,072 |
| 27th Ave, Polaris Ave N, Ithaca Ln N, Townes Rd, 30th Pl N, 44th Pl N, Larch Pl N, 50th Ct N, 41st Ave, E Medicine Lake Blvd N | $1,081 |
| Shadyview Ln, 20th Ave N, Yellowstone Ct N, Nathan Ln, 46th Pl N, Underwood Ln N, Upland Ct N, Birch Briar Trl, Teakwood Ln, Ranier Ct N | $1,131 |
Plymouth, MN Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Plymouth | $162 to $165 |
| Hennepin County | $158 |
| Medicine Lake | $196 |
| New Hope | $154 |
Plymouth, 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 |
|---|---|---|---|
| Hennepin County, Minnesota | $158 | $211 | $317 |
| Medicine Lake city, Minnesota | $197 | $262 | $393 |
| New Hope city, Minnesota | $155 | $206 | $309 |
Plymouth, MN Area Home Insurance as a % of Housing Cost
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Plymouth, MN | 4.4% | 15.2% |
| Hennepin County | 4.89% | 15.44% |
| Medicine Lake | 3.78% | 11.27% |
| New Hope | 5.24% | 17.05% |
Plymouth Renters Insurance as a Percentage of Rent
| Plymouth Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 175 | 2.0% | $1211 |
| $500 to $749 | 451 | 5.0% | $1886 |
| $750 to $999 | 2,249 | 29.0% | $2636 |
| $1,000 to $1,499 | 3,780 | 49.0% | $3761 |
| $1,500 or more | 949 | 12.0% | $5411 |
Plymouth, MN Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $3,800 |
| Yearly Plymouth Homeowner Insurance Premium Example | $3,000 | $2,400 |
| Out of Pocket Expense During Claim | $800 | $3,800 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $18,800 | $18,200 |
| Net Savings to Plymouth Home Owner from High Deductible Plan | $600 | |
Plymouth, MN Home Insurance Costs With Home Replacement Value Scenarios
| Scenario | Plymouth, MN Home Replacement Value MORE than Home Value | Plymouth, MN Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $387,500 | $256,500 |
| Insurance Premium based on Replacement Value | $3,525 | $2,325 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $41,500 | Risk Exposure from Under Insuring Coverage is $89,500 |
| Premium Impact | Insurance cheaper by $825/year | Insurance costlier by $375/year |
Example Plymouth Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company | American Family Insurance | Amica Mutual Insurance Company | Allstate |
| Monthly Premium | 99 | 85 | 348 |
| Year Built | 2012 | 1998 | 1989 |
| Home Details | 3 Beds, 2 Baths | 2 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $250000-$300000 | $150000-$175000 | $400000-$500000 |
| Deductible | > $10,000 Deductible | $5000 to $10,000 Deductible | $500 Deductible |
Sample Home Insurance Rates for Plymouth, MN from Consumer Reviews & Surveys
| Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 1997 | 175,000 | Composition Roof | 1,270 | 2 | $500- $1000 Deductible | 1000 | 7 | Vinyl siding | No |
| 1983 | 200,000 | Tile Roof | 1,490 | 2 | $5000 to $10,000 Deductible | 410 | 5 | Brick siding | No |
| 2014 | 215,000 | Membrane Roof | 1,430 | 3 | $5000 to $10,000 Deductible | 560 | 6 | Fiber-Cement Siding | No |
| 2010 | 275,000 | Membrane Roof | 1,560 | 3 | $2500-$5000 Deductible | 160 | 1 | Fiber-Cement Siding | yes |
| 2010 | 445,000 | Asphalt Shingles Roof | 3,100 | 4 | $2500-$5000 Deductible | 1230 | 7 | Brick siding | yes |
| 1989 | 175,000 | Metal Roof | 1,250 | 2 | $2500-$5000 Deductible | 110 | 1 | Brick siding | yes |
| 2000 | 400,000 | Composition Roof | 2,910 | 4 | $1000-$2500 Deductible | 860 | 4 | Brick siding | yes |
| 2010 | 400,000 | Membrane Roof | 2,370 | 4 | $500 Deductible | 840 | 4 | Stucco siding | No |
| 1991 | 365,000 | Metal Roof | 2,390 | 3 | $5000 to $10,000 Deductible | 950 | 7 | Wood siding | yes |
| 1982 | 200,000 | Wood Shake Roof | 1,280 | 2 | $1000-$2500 Deductible | 210 | 2 | Stone Siding | yes |
| 1997 | 410,000 | Composition Roof | 2,720 | 4 | $5000 to $10,000 Deductible | 1090 | 7 | Stucco siding | yes |
| 2004 | 175,000 | Shingles Roof | 1,310 | 2 | $500- $1000 Deductible | 1170 | 10 | Stucco siding | No |
| 2013 | 330,000 | Metal Roof | 1,780 | 4 | $500- $1000 Deductible | 1640 | 12 | Fiber-Cement Siding | No |
| 1988 | 375,000 | Slate Shingles Roof | 2,400 | 4 | $500- $1000 Deductible | 240 | 1 | Fiber-Cement Siding | No |
| 2010 | 395,000 | Metal Roof | 2,190 | 3 | > $10,000 Deductible | 1240 | 6 | Stucco siding | yes |
| 1988 | 480,000 | Slate Shingles Roof | 3,140 | 4 | $1000-$2500 Deductible | 310 | 1 | Vinyl siding | No |
| 2014 | 405,000 | Membrane Roof | 2,570 | 4 | $500 Deductible | 590 | 2 | Stone Siding | yes |
| 2012 | 280,000 | Metal Roof | 1,780 | 2 | $500 Deductible | 880 | 6 | Wood siding | No |
| 2013 | 610,000 | Shingles Roof | 4,150 | 5 | > $10,000 Deductible | 1150 | 5 | Wood siding | No |
| 2002 | 270,000 | Metal Roof | 1,610 | 3 | $5000 to $10,000 Deductible | 320 | 3 | Stucco siding | yes |
| 1988 | 685,000 | Metal Roof | 4,560 | 5 | $2500-$5000 Deductible | 3900 | 9 | Stucco siding | No |
| 1987 | 390,000 | Composition Roof | 3,080 | 4 | > $10,000 Deductible | 670 | 6 | Stucco siding | yes |
| 1986 | 425,000 | Asphalt Shingles Roof | 2,380 | 4 | $500 Deductible | 2820 | 8 | Fiber-Cement Siding | No |
| 1986 | 245,000 | Slate Shingles Roof | 1,560 | 3 | $1000-$2500 Deductible | 1750 | 12 | Stucco siding | yes |
| 2010 | 640,000 | Slate Shingles Roof | 4,520 | 5 | $1000-$2500 Deductible | 1470 | 4 | Fiber-Cement Siding | yes |
| 2006 | 455,000 | Membrane Roof | 3,600 | 5 | $500- $1000 Deductible | 1500 | 6 | Stucco siding | yes |
| 2010 | 215,000 | Slate Shingles Roof | 1,290 | 2 | $2500-$5000 Deductible | 230 | 3 | Stone Siding | No |
| 2006 | 245,000 | Membrane Roof | 1,490 | 2 | > $10,000 Deductible | 510 | 6 | Stucco siding | yes |
| 1982 | 310,000 | Shingles Roof | 2,420 | 4 | $5000 to $10,000 Deductible | 160 | 1 | Brick siding | yes |
| 1988 | 455,000 | Shingles Roof | 2,920 | 5 | $5000 to $10,000 Deductible | 2020 | 7 | Vinyl siding | yes |
| 1990 | 270,000 | Wood Shake Roof | 2,060 | 3 | $1000-$2500 Deductible | 370 | 3 | Fiber-Cement Siding | yes |
| 1983 | 525,000 | Wood Shake Roof | 3,060 | 4 | $1000-$2500 Deductible | 3330 | 9 | Brick siding | yes |
| 1990 | 300,000 | Slate Shingles Roof | 1,700 | 3 | $500- $1000 Deductible | 560 | 3 | Fiber-Cement Siding | yes |
| 1981 | 220,000 | Shingles Roof | 1,440 | 2 | $2500-$5000 Deductible | 960 | 10 | Stone Siding | yes |
Latest Home Insurance Reviews
State Farmi've had one other policy and the monthly price was close to double that of what i'm paying now. i feel this should be a pretty low monthly cost.
State FarmState Farm has provided me and my family insurance for several years. They seem to be a good company; however, we have never had to file a claim. That is when you really get to evaluate a company.
ProgressiveTheir offerings are addequate but that's coming from someone who isn't really sure about other companies offerings. I hate talking to insurance salespeople because they are so pushy.
GeicoI unfortunately dont know what my deductible or premium is compared to other home insurance policies. It was low enough that I didnt care to look elsewhere. I was satisfied
GeicoThe premium and deductible of my policy are satisfactory to me compared to other home insurance policies for the same coverage. I would say that the premium and deductible are pretty standard.
State FarmThe provide better coverage than say Geico. Geico maybe cheaper, but the coverage is less than what Sate Farm offers. I appreciate all the coverage for my home and land I can acquire from State Farm.
State FarmIt would probably be best to present offers you have had from other providers to see if they can meet or match the other deals that you can get elsewhere.i think I could have done better,that's what I would recommend.
State FarmThe agents with state farm are knowledgeable and willing to go out of their way to make sure that the coverage suits the need of the client.
Liberty MutualWhile our homeowner insurance premium isn't too high, there are comparable policies that are at a lower cost. i wouldn't mind seeing some sort of discount for loyalty, etc.
Farmer's InsuranceOne thing that i do not like about my insurance company is that there are too few self-service options to take advantage of.
American FamilyIt is very good and nice for getting the amount from of it. Good thought of it. Very nice of it.
State FarmI DON'T DISLIKE ANYTHING OTHER THAN THE DEDUCTIBLE. THERE SHOULD NOT BE ONE.
Farm BureauThey currently do not have a mobile app and I cannot view my insurance policy information online. I can only pay my premium.
ProgressiveProgressive gives us a discount on our insurance policies because we have auto insurance as well with them. Good Customer Service!
Farm BureauI have no problems with State Farm at the time mostly due to my agent. I do not see the need to look for another company and my rates a good.
State FarmThere isn't anything I dislike about the company and I would choose to stay with State Farm if given a choice
Safeco InsuranceI would definitely recommend this renter's insurance because again, we have had no issues in having it over 5 years and also we have a cheap premium.
ProgressiveI recommend Progressive to others because the rates are always the best and we have had no problems with claims.
ProgressiveProgressive has been adequate. Though their rates seem a little high, I would rate them a 3, as they covered our barn when it fell.