Average Home Insurance Cost Mn

Car insurance premiums take into account an array of factors including your age gender marital status credit rating and driving history.

Average home insurance cost mn. We show average home rates for three other common coverage levels at the end of this article. Insurance companies also price policies differently based on where in minnesota your home is located. If you are living in a small town your premium may be lower and vice versa. As you ll see in the homeowners insurance cost by state chart below oklahoma is the most expensive state for home insurance 2 140 more than the national average for the coverage level analyzed.

Home insurance rates may be higher than in some other cities but not everyone pays the same amount. Your auto insurance rates are impacted by factors aside from your location. Minneapolis mn home insurance. Car insurance policies are affordable in minnesota.

We found that brooklyn park a northwest suburb in the twin cities metropolitan area has the highest rates in the state with a 3 541 average annual premium for 100 000 500 000 in coverage. How do your home insurance costs compare to others in the country. Average cost of homeowners insurance in minnesota. Your own rates will vary from these mean numbers as premiums are dependent on a lot of things.

Cheapest homeowners insurance in minnesota. Minnesota s extremes in weather can cause big differences in insurance premiums from city to city though. Average cost of home insurance in minnesota by city. Auto owners has minnesota s lowest average annual rate of 1 086.

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. But even aaa with an average rate of 1 235 travelers at 1 252 and american family at 1 332 stay cheap in comparison to other insurers we looked at. The average car insurance cost in minnesota is 1 258 per year nearly 12 less than the national average. If you live in oklahoma kansas arkansas florida or texas you re paying the highest prices on average for home insurance while those in hawaii california vermont utah and new hampshire pay the least.

If you experience property damage you can elect to keep your payment. There is a total difference of 148 per year between mn s yearly average home insurance costs and the nation s average. The average insurance premium in minnesota is 1 333 which is 104 more or 9 percent higher than the national average of 1 228. Additionally chubb s homeowners insurance comes with a few uncommon benefits like replacement cost coverage and a cash out option.

The average cost of homeowners insurance from chubb is about 2 000 per year only 50 more expensive than minnesota s mean price of coverage. Average homeowners insurance.