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Last updated on Jul 27, 2020

The Best Homeowners Insurance Companies in Minnesota

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Minnesota’s annual premiums for homeowners insurance are on the higher side — on average $1,340 per year for an HO-3 policy, compared to the nationwide average of $1,173. Costs are higher here because risk is higher — insurance companies are likely to have to pay out on weather-related claims

Heads up: Coverage and pricing vary.

Find the Best Home Insurance

What Does Homeowners Insurance Cost in Minnesota?

Average annual premium in Minnesota: $1,340

$0 $2,500
U.S. Average

For Minnesota homeowners looking for the best home insurance providers, we have provided five top picks that meet the following criteria: reasonably priced, customer-focused, and financially stable, and comprehensive coverage. 

Based on those factors, our top recommendation for homeowners insurance in Minnesota is Auto-Owners Insurance. Our assessment of the other top choices will help you determine the best provider for your specific needs.  

The 5 Best Homeowners Insurance Companies in Minnesota 

  1. Auto-Owners Insurance
  2. AAA
  3. North Star Mutual Insurance
  4. State Farm
  5. Country Financial
 Auto-OwnersAAANorth Star MutualState FarmCountry Financial

Our reviewOur review
A.M. Best Financial Strength RatingA++A+A+A++A+
J.D. Power Overall Customer Satisfaction Score (Relevant region)826/1000807/1000NA831/1000814/1000
Online Quote ToolXXXX

Compare ratesCompare ratesCompare ratesCompare ratesCompare rates

Average Cost of Homeowners Insurance in Minnesota

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

These factors include the size and age of your home, your own credit worthiness, and your location all play a role in determining what you will pay for a homeowner insurance policy.

Home Insurance add-ons that will further protect you-

Due to inclement weather — especially in winter — and other factors, these are a few of the additional coverage or amendment options popular for 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

Helpful Resources for Minnesota Homeowners

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


We used the methodology that we developed for our Best Homeowners Insurance Companies review to find the best homeowner insurance providers in Minnesota. 

Financial Strength

We looked first at financial strength, as measured by organizations such as AM Best and Standard & Poors, which indicates a company’s ability to pay out on claims in the event of disasters.

Customer Service & Support

We also evaluated customer service, checking rankings on Consumer Reports and J.D. Power. Each company’s website was also explored to see how easy it is to manage your account digitally. 


And of course we looked at the average premiums, although your costs will likely differ based on individual factors.

Best Minnesota Homeowners Insurance Companies




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


  • Mediocre website functionality

Auto-Owners made the top of our list for overall value to the customer. For its customer service, Auto-Owners scored an 89 out of 100 from Consumer Reports and 826 out of 1,000 from J.D. Power — both of which put it within the top few insurers overall.

It also has the highest rating possible from A.M. Best for financial strength, and offers an extensive lists of discounts.




  • Good discounts if AAA member
  • 50+ discount


  • Features avary depending on region

A household name in insurance, AAA provides many appealing discounts that merit a top ranking in our list. Being a member typically opens the door to even more discounts, although you will need to connect with your local AAA agents to confirm as its policies may differ from state-to-state.

North Star Mutual

North Dakota Auto Insurance
North Star Mutual
North Star Mutual


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


  • Limited online functionality

North Star Mutual wins for having the most feet-on-the-ground experience in Minnesota. With over 100 years (it was founded in 1920) of experience with Minnesota weather and the challenges it brings, North Star Mutual is uniquely equipped to provide homeowners comprehensive coverage. 

State Farm

State Farm
State Farm


  • Financially solid
  • Robust website
  • Detailed online quote


  • Limited discounts

With more than 25% of the market share, State Farm writes more policies in Minnesota than any other company. State Farm makes our list of top providers because of its resource-rich website and thorough quote process.  

Country Financial

Country Financial
Country Financial


  • Three tiers of service
  • Four levels of replacement coverage
  • Good customer service


  • Limited web functionality

Another regional company, Country Financial provides a unique, customizable, tiered level of coverage to Minnesota homeowners. Additionally, they make our list of top providers because of the replacement cost coverage options available, which can dramatically affect the payout in the event of a claim. 

The Cheapest Homeowner Insurance Companies In Minnesota

Homeowner  Insurance CompaniesAverage Annual Premium
Auto-Owners Insurance$1,018
North Star Mut Ins Co$1,649
State Farm$1,893
Country Financial$1,923
American Family Insurance$2,000

Homeowner  Insurance by Age of Home

Credit Rating TierAverage Annual Premium
Average Across Tiers$2,121

Quadrant home insurance rate data as of  12/01/2019. 

These rates are a sample set meant only for general comparison. Your own premium will vary. 

Top 3 Cheapest Homeowner Insurance Companies in Minnesota

• Auto-Owners Insurance – $1,018

• AAA – $1,314

• North Star Mutual – $1,649

Top 3 Most Expensive Homeowner Insurance Companies in Minnesota

• Encompass – $2,549

• American Family – $2,000

• Chubb – $1,988

All our top five choices presented quotes for 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 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. 

Homeowners Insurance FAQ

Is homeowners insurance required in Minnesota?

Homeowners insurance isn’t required by law in Minnesota, but if you have a mortgage, you will most likely be required by your mortgage company or bank to carry a policy for as long as the mortgage is in effect. 

What is the cheapest homeowners insurance in Minnesota?

Based on our data, the providers with the cheapest average premiums are Auto-Owners, AAA, and American family. Keep in mind, your rate will likely differ based on a variety of factors specific to you.

About the Authors

Mary Van Keuren

Mary Van Keuren Contributor

Mary Van Keuren has been covering auto and home insurance for Reviews.com for nearly five years, and has published numerous reviews of state-specific insurance trends and how to find the best insurance deals for your money. She earned B.S. and M.A. degrees from Nazareth College in Rochester, N.Y. and has been writing professionally, both in print and online, for 30+ years.