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The Best Homeowners Insurance Companies in Minnesota

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    For homeowners looking for the best homeowners insurance in Minnesota, we have chosen five top picks that tick all the boxes. Our picks have been based on the following criteria – cost, customer service, financial stability and comprehensive coverage. Based on these criteria, the best home insurance company in Minnesota is Auto-Owners Insurance. Our assessment of the other home insurance companies in Minnesota will help you determine the best provider for you.\

    If you are looking for the best home insurance in Minnesota, this review should address everything you need to know. You can also check our national list of best homeowners insurance for more options.

    The 5 Best Homeowners Insurance Companies in Minnesota 

    Compare Minnesota’s Top Insurance Companies

     Average Price (keep data from our current live page)AM Best Financial StrengthJ.D. Power Overall Customer Satisfaction (use the 1,000-point scale)Reviews.com Score
    Auto-Owners Insurance$1,018A++826/10004
    AAA$1,314N/A807/1000N/A
    North Star Mutual$1,649A+N/AN/A
    State Farm$1,893A++831/10003.75
    Country Financial$1,923A+814/10005

    Auto-Owners Insurance

    Auto-Owners is at the top of the list for overall value to the customer. Auto-Owners is one of the most popular insurance companies in the U.S. for home insurance.

    Auto-Owners

    Best Value

    Why we chose it

    We chose Auto-Owners Insurance for its value as it was the company with the most affordable annual costs and discounts. Auto-Owners also scores highly with J.D. Power with 826 out of 1,000 points which puts it in the top tier of insurance providers. Auto-Owners also has the best financial strength score from AM Best.
    • 4 Reviews Score
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 826* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    We chose Auto-Owners Insurance for its value as it was the company with the most affordable annual costs and discounts. Auto-Owners also scores highly with J.D. Power with 826 out of 1,000 points which puts it in the top tier of insurance providers. Auto-Owners also has the best financial strength score from AM Best.

    Pros

    • High financial stability
    • Excellent customer service
    • Extensive add-ons and discounts

    Cons

    • Mediocre website functionality
    • Some customers report difficulty in getting payouts for claims
    • Coverage not available in all states
    Read More

    Discounts available

    • Smoke and fire alarm discounts
    • Multi-policy
    • Paperless billing

    Unique features

    Auto-Owners Insurance offers unique add-ons such as breakdown coverage and discounts for backup generators.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    Further Reading on Auto-Owners Insurance:

    AAA

    The American Automobile Association (AAA) is a well-recognized insurance company. The nonprofit organization may be best known for auto insurance and roadside assistance, but it’s been supporting homeowners with home insurance policies through local partners for over a century.

    AAA

    Best For Bundling With Auto Insurance

    Why we chose it

    A membership to AAA is required, but you’ll have access to competitive premiums that make the insurer one of the most affordable in Missouri. Besides the basic homeowners insurance coverage, AAA provides a number of add-ons to further customize your home policy.
    • ** Reviews Score
    • ** AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • ** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • ** BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    A membership to AAA is required, but you’ll have access to competitive premiums that make the insurer one of the most affordable in Missouri. Besides the basic homeowners insurance coverage, AAA provides a number of add-ons to further customize your home policy.

    Pros

    • High customer satisfaction claims ratings
    • Low homeowners insurance prices
    • AAA discounts for travel and other policies

    Cons

    • Requires AAA membership first
    • You may have to buy auto insurance before you can access homeowners policies
    • Home insurance is provided by a local partner.
    Read More

    Discounts available

    • Retired member discount
    • Claims-free
    • Renovated home
    • Hail-resistant roof

    Unique features

    Many of the local AAA clubs provide home systems protection to cover heating, air conditioning or water heater breakdowns.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    ** Because AAA is a network of many local “clubs,” data varies by region 

    Further Reading on AAA:

    North Star Mutual

    North Star Mutual is one of the top insurance companies which is also local to Minnesota. Founded in 1920, North Star Mutual has plenty of experience with the challenges facing Minnesotan homeowners.

    North Star Mutual

    Best for Local Expertise

    Why we chose it

    North Star Mutual is one of the most affordable insurance companies in Minnesota. Being based in the state, this company understands the risks Minnesota’s harsh weather presents to your property which makes it uniquely placed to help homeowners in the local area.
    • N/A** Reviews Score
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    North Star Mutual is one of the most affordable insurance companies in Minnesota. Being based in the state, this company understands the risks Minnesota’s harsh weather presents to your property which makes it uniquely placed to help homeowners in the local area.

    Pros

    • Minnesota-based
    • Extensive endorsements
    • A+ rating from BBB

    Cons

    • Limited online functionality
    • Poor customer reviews
    Read More

    Discounts available

    • Mature owner
    • Higher deductible
    • New/upgraded home

    Unique features

    North Star Mutual stands out with its on-the-ground experience of dealing with homes in Minnesota. This company understands what local homeowners need from their policy. North Star Mutual also offers a range of unique coverage options including insurance for snowmobiles and camper trailers.

     *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.

    ** Regional companies don’t have enough third-party ratings to calculate a score. 

    State Farm

    State Farm offers above-average customer support along with competitive pricing and solid coverage options. For those new to home ownership, its Simple Insights blog can tell you everything you need to know about homeownership in general.

    State Farm

    Best Web Experience

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. It also offers good policy coverages with add-ons to allow you to customize your policy. State Farm writes more policies in Minnesota than any other insurance company.
    • 3.75 Reviews Score
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. It also offers good policy coverages with add-ons to allow you to customize your policy. State Farm writes more policies in Minnesota than any other insurance company.

    Pros

    • Financially strong
    • Excellent web presence
    • 19,000+ agents nationally
    • Informative blog

    Cons

    • Limited discounts
    • Higher premiums
    Read More

    Discount available

    • Multiple policy discount
    • Fire, smoke, or burglar alarms discount
    • Impact-resistant roof discount

    Unique features

    State Farm’s comprehensive website makes it easy to get a detailed quote in minutes. You can also pay your bill, file and manage a claim, and handle most maintenance tasks either online or via the company’s app.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale 

    Further Reading on State Farm:

    Country Financial

    Country Financial offers home insurance, as well as a variety of other types of policies and financial services. If you’d like to have all your insurance coverage in one place, you’ll save time and money by working with a single insurer. Country Financial is a regional insurance company, based in Illinois originally but popular with those in Minnesota.

    Country Financial

    Best for Packaged Policies

    Why we chose it

    Country Financial makes shopping for Minnesota homeowners insurance easy. If you easily get overwhelmed by options, all you need to do is choose from one of three policies — a standard Basic policy, Premier insurance with a few additions for the contents of your home and a Combined policy with additional coverages for both your belongings and home.
    • 5 Reviews Score
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 855* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Country Financial makes shopping for Minnesota homeowners insurance easy. If you easily get overwhelmed by options, all you need to do is choose from one of three policies — a standard Basic policy, Premier insurance with a few additions for the contents of your home and a Combined policy with additional coverages for both your belongings and home.

    Pros

    • Pre-bundled homeowners insurance policies
    • 24/7 claims service
    • A variety of discounts available

    Cons

    • No mobile app for homeowners insurance
    Read More

    Discounts available

    • Safe heat discount
    • Age of wiring discount
    • New roof discount

    Unique features

    Country Financial prides itself in being a smaller, more personalized insurer. The company limits homeowners insurance coverage to just a few states, but those who qualify have access to a solid product and a variety of additional insurance coverages and investments.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale 

    Average Cost of Homeowners Insurance in Minnesota 

    The average cost of homeowner insurance in Minnesota is $2,121 — which is considerably higher than the national average of $1,211. However, your rates may not reflect these averages as premiums are based on multiple variables. 

    Factors such as the size and age of your home, your own creditworthiness, and your location all play a role in determining what you will pay for a homeowner’s insurance policy.

    Home Insurance Add-Ons That Will Further Protect You 

    Due to harsh Minnesota weather — especially in winter, these are a few of the additional coverage or amendment options popular with Minnesota homeowners:

    • Flood insurance
    • Storm damage (wind, hail, and rain)
    • ALE (Alternative Living Expenses: covers you in the event you are displaced from your home due to damage or repairs)
    • Identity theft protection

    The Cheapest Homeowner Insurance Companies in Minnesota 

    Largest Companies by Market Share in MinnesotaAverage Annual Premium
    Auto-Owners Insurance$1,018
    AAA $1,314
    North Star Mutual Insurance Company$1,649
    State Farm$1,893
    Country Financial$1,923
    Chubb$1,988
    American Family Insurance$2,000
    Encompass$2,549

    Cost of Homeowners Insurance by Age of Home 

    Age of Home (years)Sample Annual Premium
    5 years$1,787
    20 years $2,195
    35 years$2,250
    50 years$2,253
    Average Across Tiers$2,121

    Top 3 Cheapest Homeowners Insurance Companies in Minnesota 

    • Auto-Owners Insurance – $1,018
    • AAA – $1,314
    • North Star Mutual – $1,649

    Top 3 Most Expensive Homeowners Insurance Companies in Minnesota

    • Encompass – $2,549
    • American Family – $2,000
    • Chubb – $1,988

    All our top five choices presented quotes that are less than the Minnesota average of $2,121. Our cheapest quote came from Auto-Owners Insurance, while the higher end averages were found with Chubb. 

    We recommend that you ask for a quote from all Minnesota home insurance companies you are considering to get an accurate estimate of your specific premium because your own circumstances are unique, and each company has its own methodology for determining costs. 

    Helpful Resources for Minnesota Homeowners 

    For new or existing Minnesota homeowners researching insurance further, we recommend the following resources:

    Homeowners Insurance FAQ  

    Is homeowners insurance required in Minnesota?

    Homeowners insurance is not required in Minnesota by law. However, if you apply for a mortgage, you will likely be asked to have homeowners insurance in place. Mortgage companies and banks will generally ask for a homeowner’s insurance policy to be in place for the duration of the mortgage.

    What is the cheapest homeowners insurance in Minnesota?

    Based on our research, Auto-Owners Insurance, AAA and North Star Mutual offer the cheapest homeowners insurance premiums in Minnesota. However, your rate will depend on a variety of factors individual to you. Your insurance premium will be affected by things like your credit score, age of the home, and the type of home you have. 

    How can I save money on my homeowner’s insurance premium?

    There are a few tactics to reduce the cost of your homeowner’s insurance. The first step is to research and compare different insurance companies, particularly if you have been with one company for a while. Another way you can reduce your premium is by installing home security equipment. If you can, paying for your insurance annually is another way to save money.

    Methodology

    We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best companies. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings– Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using JD Power Homeowners Satisfaction ratings.
    • Coverage– As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options available and add-ons available. 
    • Confidence– It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best.
    • Customer Experience– The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

    About the Authors

    Kara is a freelance writer for Reviews.com. For the past few years, she has covered a wide range of personal finance topics such as home insurance, mortgages and personal loans for a variety of websites. She has been featured in The Simple Dollar, Bankrate.com and Interest.com among others. She holds a bachelor's degree in Creative Writing from LJMU in the UK. Kara's favorite review on Reviews.com is The Best International Travel Insurance Companies.

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