Minnesota is known for being the "Land of 10,000 Lakes". It is an ideal place to live if you love the outdoors. This is a state where there are storms, blizzards, and flooding that can cause significant damage to personal property. That's why it's important to have homeowners insurance that will protect you from a variety of perils.
The cost of Minnesota homeowners insurance varies depending on which policy you choose. Shopping around for the lowest price is important. MoneyGeek’s insurance calculator for homeowners can help you calculate how much coverage will cost based on different factors.
Costs for Minnesota Homeowners Insurance
Minnesota's high-risk for flooding and storms makes insurance prices there higher than national average. Addition of coverage and lowering deductible are two ways you can lower the price of Minnesota home insurance.
Create a Home Inventory
It's important to create a comprehensive list of all your appliances and possessions in order to maximize your Minnesota home coverage. This will help you determine how much insurance you need. Keep this list up-to-date throughout the year to ensure that your policy does not exclude any items you have purchased since last reviewing it.
It doesn't take long to create an inventory, and it will help you decide if you have sufficient coverage. It is also vital to ensure you don't pay too much for items.
Don't forget to add in any special items that you have, such as antiques or jewelry. If you have a lot of these items, consider combining your MN home insurance policy with an additional homeowners insurance policy for more comprehensive protection.
In Minnesota, bundling your policies can help you save up to $156 per year.
Finding the best home insurance companies in Minnesota is important for any homeowner looking to save money on their policy. This list includes companies that offer affordable rates, excellent customer service and strong financial stability.
Country Financial: The best insurance for homeowners in Minnesota
Country Financial has the best balance of cost and service. It is a top-rated company based on customer reviews and ratings, and it offers a range of discounts for bundled insurance policies.
Chubb is the cheapest home insurance provider in Minnesota
Chubb has affordable home insurance policies that are ideal for those who want to save some money. MoneyGeek ranked it as the #1 most affordable home insurance plan.
Compare rates and coverage in Minneapolis
Minnesotans have many insurance options to choose from when buying a new home. Compare insurance companies to find the most affordable and best-rated policies.