Rochester ,MN Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Rochester, MN homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Rochester, MN is $2100. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Rochester, MN. VHome Insurance will help you navigate the world of homeowners insurance coverages in Rochester, MN.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $840 |
| $200,000 | $1,428 |
| $300,000 | $1,764 |
| $400,000 | $2,688 |
| $500,000 | $3,381 |
Home insurance costs in Rochester can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 055902 | $2,084 |
| 55906 | $2,032 |
| 55901 | $1,990 |
| 55901 | $1,990 |
| 55904 | $1,956 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Rochester, MN, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,153 |
| $1000 Deductible | $1,926 |
| $1500 Deductible | $1,817 |
| $2500 Deductible | $1,638 |
| $5000 Deductible | $1,386 |
| Home Insurance Company Near Rochester, MN | Homeowners Insurance Agency Near Rochester, MN | Address |
|---|---|---|
| NA | Wa Insurance Group | 975 34Th Ave, Rochester, MN, 55901 |
| State Farm | Don Dietzenbach | 309 2nd Ave SW, Cresco, IA, 52136-1843 |
| Travelers | Insurance Brokers Of Mn | 505 E FRONTAGE RD, BYRON, MN, 55920 |
| Farmers | Larry Jungwirth Lutcf | 50 W 2nd St Ste 113, Winona, MN, 55987 |
| Liberty Mutual Independent | Primary Source Insurance Agency Inc | 121 E PARK SQ, OWATONNA, MN, 55060 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Olmsted County, Minnesota | $127 | $169 | $254 |
| Cascade township, Olmsted County, Minnesota | $138 | $183 | $275 |
| Marion township, Olmsted County, Minnesota | $133 | $177 | $265 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Rochester, MN | 6% | 19.0% |
| Olmsted County | 5.77% | 18.24% |
| Cascade | 4.39% | 16.99% |
| Marion | 5.27% | 20.26% |
| Rochester Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 221 | 1.0% | $338 |
| $200 to $299 | 652 | 5.0% | $788 |
| $300 to $499 | 805 | 6.0% | $1238 |
| $500 to $749 | 3,811 | 31.0% | $1913 |
| $750 to $999 | 3,037 | 25.0% | $2663 |
| $1,000 to $1,499 | 2,455 | 20.0% | $3788 |
| $1,500 or more | 940 | 7.0% | $5438 |
| Streets in Rochester Area | Homeowners Insurance Cost |
|---|---|
| 40th Ave NE, Evergreen Dr NW, Sand Trap Rd SE, Arena Dr SE, 24th St NW, Kline Ln SW, 60th Ave NW, Orion St SW, Paradise Ct SW, Robinson Creek Rd SW | $1,018 |
| 8th Ave SE, Kings Park Rd NW, 12th SE, Edelweiss Ln NW, E United States Highway 52 Frontage Rd NW, Palmer Ln NW, Country Club Rd SE, 8 1/2 Ave SE, Deerhaven Ln NE, Co Rd 154 | $1,082 |
| 110th St, Woodrose Ct SE, 1st St SW, Teakwood Ln SW, 40th Ave SE, 40th St SW, 50th St SW, Cassidy Dr NE, Co Rd 108 SW, Terrace Ln NE | $1,053 |
| 16 1/2 Ave NW, Valley View Rd SW, Hidden Hollow Ct SE, Canal Pl SE, Co Rd D SE, Northern Valley Dr NE, Hadley Valley Rd, 75th St NW, Stapleton Ln NW, Summerset Ct SE | $1,056 |
| Brook Ln SW, 65th St SW, W River Pkwy NW, Covill St SW, 50th Ave S, 42nd Ave SE, Stoneham Ln NW, Co Rd 21 NE, Elton Ridge Ct NW, Maple Dr | $1,058 |
| Meadow Lakes Ln NW, Northland Ln, 21st St NE, Peregrine Dr SE, Town Hall Rd NW, Liverpool Pl NW, 40th Ave, 10th Ave NW, Orchard Ct SW, River Heights Ct NW | $1,001 |
| 20th Ave NE, 110th St SE, Weatherhill Rd SW, Marion Ct SE, Salley Ridge Ln NE, Aune Dr SE, Chenoa Ln SW, Sandcherry Pl NW, 13th St NW, 61st St NW | $1,056 |
| Spruce, Center St E, 120th St NW, Tamarack Ln SE, Oakview Ct SE, 60th Ave SW, 70th Ave SW, Marion Pl SE, Neville Ct SE, 23rd St SE | $1,061 |
| Manor Dr NW, Greenbriar Rd SW, Prince Dr NW, Co Rd 5 NW, 23rd Ln SE, Red Tail Pl SE, Pheasant Ln NW, Kristin Dr NW, Viola Heights Dr NE, 26th St SE | $998 |
| 31st St SE, Shorewood Ln NE, Oak Ct SE, 49th St NW, 88th Ave NW, Crystal Bay Ct SW, 3 St NW, Northern Heights Dr NW, Cascade St NW, 47th Ave SE | $999 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Rochester | $151 to $154 |
| Olmsted County | $152 |
| Cascade | $165 |
| Marion | $159 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,100 | $6,100 |
| Yearly Rochester Homeowner Insurance Premium Example | $3,400 | $2,400 |
| Out of Pocket Expense During Claim | $1,100 | $6,100 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $21,500 | $20,500 |
| Net Savings to Rochester Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Rochester, MN Home Replacement Value MORE than Home Value | Rochester, MN Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $328,000 | $235,500 |
| Insurance Premium based on Replacement Value | $2,300 | $1,650 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $45,000 | Risk Exposure from Under Insuring Coverage is $47,500 |
| Premium Impact | Insurance cheaper by $325/year | Insurance costlier by $325/year |
| Insurance Company | Amica Mutual Insurance Company | Allstate | American Family Insurance |
| Monthly Premium | 67 | 135 | 207 |
| Year Built | 1997 | 2002 | 1972 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $125000-$150000 | $200000-$250000 | $300000-$350000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $1000-$2500 Deductible |