From the peaceful prairies to the bustling Twin Cities, Minnesota residents can benefit tremendously from a home insurance policy. These plans satisfy mortgage lenders’ requirements and can protect your home from damage or destruction and shield you from liability.

We at the Home Media reviews team have rated the top homeowners insurance companies in the country, scoring them on their coverage, cost, discounts and customer reviews. Read on for a quick comparison of the best home insurance providers in the Land of 10,000 Lakes.

5 best homeowners insurance providers in Minnesota

After in-depth research, the Home Media reviews team found the following to be Minnesota’s best homeowners insurance providers:

  • FarmersMost customizable, eco friendly. Our overall pick
  • Allstate: Our pick for discounts
  • Liberty Mutual: Our pick for discounts
  • American Family: Offers helpful online resources
  • Travelers: Provides a deductible credit

According to the Insurance Information Institute (III), the average cost of homeowners insurance in Minnesota in 2019 was $1,433, higher than the national average of $1,272. 

Homeowners insurance rates vary based on your location, square footage and other factors. To get your personalized quote, use our free tool below.Compare Homeowners Insurance PoliciesAnswer a few simple questions and we’ll take care of the rest.

Allstate home insurance

  • Our rating: 96.75
  • AM Best rating: A+ (Superior)
  • BBB rating: NR
  • J.D. Power rating: 829/1,000

Scoring higher than any other provider across our review standards, Allstate is also positively rated by third parties, with an A+ financial rating from AM Best and an A rating for customer experience from the Better Business Bureau (BBB).

It also has the strongest J.D. Power score for customer satisfaction of any provider in this review, with around-the-clock access to a massive network of local agents, phone support and online claims assistance.

Founded in 1931, Allstate is one of the country’s biggest insurers, featuring life, auto, home, rental and other insurance plans.

Allstate is our top overall recommendation for Minnesota residents, offering extensive coverage options such as yard and garden protection, valuable discounts such as a welcome and loyalty discount and helpful online tools.

You can use the Allstate website to learn the basics of home insurance, take inventory of your belongings and learn about common causes of claims in your area.

Pros and cons of Allstate home insurance

​​Offers an extensive list of endorsements that allow you to tailor your home insurance coverage to your needs

​​Provides additional coverage for roof repairs, which some providers limit

​​Features the Claim Rateguard endorsement, which locks in rates even if you have to file a claim

– Limits customization of coverage amounts

Discounts: Allstate offers a multi-policy discount, claim-free discount, responsible payment discount, welcome and loyalty discount, Easy Pay Plan discount, protective device discount, recent home buyer discount and an early signing discount.

Endorsements: Allstate offers a range of endorsements, which include identity theft restoration, green improvement restoration, water backup, home-sharing, manufactured/mobile home, yard and garden, business property, scheduled personal property, musical instrument, sports equipment, electronic data recovery, flood insurance and personal umbrella insurance.

Liberty Mutual home insurance

  • Our Rating: 90.75
  • AM Best rating: A (Excellent)
  • BBB Rating: A+
  • J.D. Power Rating: 806/1,000

While Liberty Mutual has a lower J.D. Power score than other providers in this review, its A+ rating from the BBB and A rating from A.M. Best suggest it is likely to pay claims as promised and is committed to creating a solid customer experience.

Liberty Mutual offers a comprehensive suite of insurance products, with home, pet, umbrella, life and auto insurance. It’s our top choice for Minnesota homeowners looking to save with discounts.

For example, Liberty Mutual reduces your rates if you insure at least 100% of your home’s value or buy a policy before your current one expires.

Liberty Mutual’s website is straightforward and helpful, but our secret-shopping process revealed that its quote process can be complicated. Fortunately, the company provides live online assistance if you’re having difficulty completing your quote.

Pros and Cons of Liberty Mutual home insurance

​​Features live chat and the ability to connect with an agent by phone during the quote process

​​Offers a 10% discount when you buy your policy online

​​+ Provides inflation protection, which factors inflation rates into your cost and coverage amounts

– Earned a subpar J.D. Power score for customer satisfaction

Discounts: Liberty Mutual has the following discounts: claims-free, safe homeowner, early shopper, newly purchased home, new/renovated home, new roof, insured to value, multi-policy, preferred payment and paperless discounts.

Endorsements: Liberty Mutual provides additional coverage for hurricanes, total replacement cost, water backup and overflow, fine jewelry and inflation protection.

American Family home insurance

  • Our rating: 94.5
  • AM Best rating: A (Excellent)
  • BBB rating: A
  • J.D. Power Rating: 831/1,000

American Family (AmFam) entered the insurance marketplace in the 1920s, adding home insurance to its suite of products in 1958.

With A-level ratings from the BBB, AM Best and the J.D. Power survey, the company has secured a reputation as a dependable provider committed to customer service.

AmFam offers a range of helpful endorsements to customize your coverage. It also features unique discounts, such as its generational discount, applied to policyholders 30 and younger whose parents also have an American Family policy.

AmFam’s most significant standout feature is its array of digital resources, which help to simplify the comparison process. For example, it offers quick, straightforward quotes and does not require you to enter your Social Security number, which many providers do. The website also provides a comprehensive table comparing all of its coverages and endorsements.

Pros and cons of American Family home insurance

​​Covers equipment breakdown with an endorsement for home systems and appliances, which competitors in this review exclude from coverage

​​Provides the most detailed coverage comparison resource of all the competitors in this review

​​+ Has a more straightforward and less invasive quoting process than most providers

– Given a mediocre customer satisfaction score in the J.D. Power survey for overall customer satisfaction

Discounts: AmFam offers the following discounts: multi-policy discount, smart-home security discount, insurance payment discount, loyalty discount, age of home discount, renovated home discount and a generational discount. 

Endorsements: AmFam provides a list of additional coverages, including equipment breakdown, sump pump and water backup, matching siding, credit monitoring, identity theft, diminishing deductible and hidden water damage.

Travelers home insurance

  • Our rating: 94
  • AM Best rating: A++ (Superior)
  • BBB rating: A
  • J.D. Power rating: 800/1,000

Founded in 1864, Travelers is the oldest insurer in this review. Travelers is regarded as a financially stable carrier with an A++ from AM Best and an A from the BBB with a generally positive customer experience.

Like Allstate, Travelers grants policyholders access to 24/7 customer support through its claims center and has local agents across the state.

We recommend Travelers home insurance for its customizable deductibles. You can pick from nine deductible options, choosing to pay as little as $1,000 or as much as $50,000. This variety allows customers to cut premium costs by paying more out-of-pocket when they have to file a claim.

Travelers also stands out for its Decreasing Deductible endorsements, which lowers your deductible by $100 when you renew your policy, even if you filed a claim in the previous year.

Pros and cons of Travelers home insurance

​​Is the oldest insurer in this review, with more than a century of experience

​​Does not require you to enter your Social Security number or phone number for a quote, which many providers do

​​+ Allows you to file claims 24/7, while some providers close their claims centers on the weekends

– Scored a below-average customer satisfaction rating in the most recent J.D. Power survey

Discounts: Travelers offers a multi-policy, first-time home buyer discount for first-time homebuyers and individuals who buy newly constructed homes, loss-free, protective device and green home discount.

Endorsements: Travelers provides endorsements for special personal property, additional replacement cost protection, sump pump discharge or overflow, water backup, jewelry and valuable items, identity fraud, green home and valuable personal articles.

Farmers home insurance

  • Our Rating: 90.75
  • AM Best rating: A- (Excellent)
  • BBB Rating: A
  • J.D. Power Rating: 813/1,000

Another company with an extensive history in the insurance industry, Farmers opened its doors in 1928. Since then, it has built a solid reputation, with an A BBB rating and an A- from AM Best. It is also featured in the J.D. Power survey, outranking some other providers in this review.

Our customer review analysis and secret-shopping process revealed Farmers has the most customizable coverage of the companies we rated. For instance, instead of locking in a standard amount of dwelling coverage to replace your home, the company lets you tailor this and other coverage amounts to best meet your needs and budget.

Farmers also provides a seamless online experience, with basic information designed to help you compare its coverage and learn how you can save with discounts.

Pros and Cons of Farmers home insurance

​​Provides more flexible dwelling, loss of use and personal property coverage amounts than other companies in this review

​​Offers up to $2 million of liability protection, which may be a wise purchase for high-income homeowners

​​+ Features a unique discount for non-smokers, which none of its competitors rated in this review do

– Scored lower than the industry average in the J.D. Power customer satisfaction survey, leaving room for improvement

Discounts: Farmers offers the following discounts: multiline, home safety, declining deductible, affinity, e-Policy, UL-approved roofing materials, new home, non-smoker, protective device, green certification, rent to own, claims-free, preferred payment/EFT and good payer discount for timely payments.

Endorsements: Farmers provides endorsements for eco-friendly home rebuilds, mobile and manufactured homes, flood, earthquakes, replacement cost coverage and identity theft protection.

What factors affect home insurance rates in Minnesota?

Homeowners insurance rates are ultimately based on how risky your home is to insure.

Underwriters, the individuals who assess risk and determine your rates, will consider the following factors:

  • Location: The price of a home insurance policy may vary by state and city. One of the critical considerations is the cost of rebuilding in your area. City residents tend to see higher rates than rural homeowners. If you live in an area prone to weather events such as hurricanes or tornadoes, it can also affect your rates. Local crime rates may also be considered, and the company will likely ask how close you live to a fire department, police station and fire hydrant.
  • Replacement cost: Home insurance costs are largely based on the cost of rebuilding your home using construction materials that are comparable to the original materials used. To determine replacement cost, the company will ask questions about your home’s square footage, number of bedrooms and bathrooms, age, roof, and architectural style. It will also consider local construction costs.
  • Age and condition: Your insurer will also factor in your home’s age and condition. Plumbing systems, electrical wiring and building materials have evolved, making older systems and materials more challenging to repair and replace. Paired with the everyday wear and tear older homes have faced, they can be more costly to insure than newly constructed homes.
  • Roof: Damaged roofs can lead to extensive and costly repairs. Some companies offer discounts for home insurance shoppers with fire or impact-resistant roofing materials or recently replaced roofs.
  • Credit score: If you have a low credit score of 580 or below, you could pay more for homeowners insurance. Applicants with good credit scores may be eligible for lower rates due to their history of responsible credit use.
  • Claims history: The home insurance company will also look at your claims history to determine how likely you are to file a claim. The more claims you have filed in the past, the higher your rates are likely to be. On the other hand, you could be rewarded for a claims-free record by earning special discounts and deductible credits when you purchase or renew a home insurance policy.
  • Security features: Arming your home with security features such as sprinklers, fire alarms, security systems and deadbolts can earn you better rates. So can weather-proofing your home with storm shutters or building your home with fire- or impact-resistant roofing materials.
  • Renovations: While minor home improvements like a fresh coat of paint won’t impact your home’s replacement value, more extensive renovations and remodels can. If you finish your basement, add a room or make major upgrades, it can alter your home’s valuation and increase your coverage needs. Conversely, some home updates, such as green-home improvements that make your home more environmentally friendly could earn discounts from select providers.
  • Policy amounts: How much personal property, dwelling and liability coverage you purchase will significantly affect the cost of coverage. Adding endorsements such as riders for fine jewelry or identity fraud protection can also increase your rates. 
  • Deductible: Your deductible, the amount of money you agree to pay out-of-pocket before your coverage is applied to a claim, is adjustable and can impact the cost of coverage. By choosing a higher deductible, you can lower your home insurance premiums. Just note that you’ll be expected to pay more in the event of a claim.
  • High-risk structures: You can expect to see higher homeowners insurance rates if you have a pool or a trampoline. These items increase the risk of an accident occurring on your property, leading to a higher likelihood of a liability claim. Removing high-risk structures you don’t use could earn you lower rates.
  • Dog breed: Your dog’s breed also factors into liability insurance. If your dog is considered more likely to show aggression or if their bite is likely to cause severe damage, you may have to pay more for coverage. Some dog breeds are excluded from liability coverage altogether. Each company’s list of banned dog breeds varies, so it’s essential to check with individual providers to see how your pet might impact your policy’s cost and coverage.
  • Discounts: Each of the home insurance providers in this review offers discounts that can significantly affect your premiums. Most popular companies offer multiple lines of insurance, rewarding individuals who bundle their home and auto policies. Some companies offer unique discounts, such as AmFam’s discount for young homeowners whose parents are also insured by the company.

Common causes of home insurance claims in Minnesota

Minnesota enjoys beautiful weather, but the elements can sometimes cause costly home insurance claims. 

Specifically, Minnesota residents often have to deal with the perils below: 

  • Wind damage: Minnesota residents are no strangers to wind damage, particularly those who live on the coast. 
  • Flooding: Whether rainstorms or melting snow are to blame, Minnesota residents face flooding frequently.
  • Water damage: With snowstorms, ice and heavy rains, Minnesota weather makes water damage a fairly common claim in the state.
  • Hail: Minnesota sees a lot of hail storms in the summer, which can inflict severe damage on a home’s roof and siding.

Standard homeowners insurance policies typically cover damage arising from wind and uncontrolled water damage from snow and ice and hailstorms. However, it does not usually cover flooding. If you live in a flood-prone area, a stand-alone policy could be a good idea.

The bottom line: Which homeowners insurance provider in Minnesota is best for you?

We recommend  Farmers Home Insurance to homeowners in Minnesota due to its affordable coverage, straightforward quotes and quick claims. 

However, each provider in this review presents unique advantages. They are highly reviewed for their customer service, cost and coverage. To ensure you choose the right company for your home insurance needs, we recommend comparing quotes from at least three providers.

Methodology: Our system for ranking the best home insurance companies

Our team surveyed dozens of home insurance providers and created a scoring system to judge each company’s quality and service. We reach out for sample quotes, both over the phone and on the internet, to simulate an authentic customer experience. Here are the factors that account for our provider reviews:

  • Coverage (20%)
  • Customer service (15%)
  • Technology (15%)
  • Reputation (15%)
  • Additional benefits (15%)
  • Cost (20%)

Companies with the best customer service exhibit 24/7 availability, educational resources on their website, useful digital tools and a seamless claims-filing process. We compare data from each company’s Better Business Bureau page, customer reviews, registered complaints, and years of experience to score reputation.

Additionally, we dig into specific quotes and policy details to determine the value that each company offers in coverage, cost and additional benefits. Providers that offer extensive discount options, endorsements, customizable coverage options and unique features score significantly higher than those that don’t, putting them toward the top of our recommendations to readers.