Minnesota is known as the "Land of 10,000 Lakes" and is a great place to live for those who 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. This can be a major factor in deciding what type of policy you need, and it's important to shop around for the best deal. MoneyGeek’s insurance calculator for homeowners can help you calculate how much coverage will cost based on different factors.
Minnesota Homeowners Insurance Costs
In general, Minnesota insurance rates are higher than average due to the high risk of storms and flooding in the state. You can reduce the cost of your Minnesota home insurer by adding extra coverages, or by lowering your insurance deductible.
Create a Home Inventory
Make a thorough inventory of your belongings and appliances to get the best Minnesota home insurance. This will give you a good idea of how much coverage you need, and it's important to keep this list updated throughout the year so that your policy doesn't exclude items you've acquired since you last reviewed it.
It doesn't take long to create an inventory, and it will help you decide if you have sufficient coverage. Make sure you don't overpay for any item.
Don't forget to add in any special items that you have, such as antiques or jewelry. Consider adding an additional homeowners' insurance policy to your MN home policy if these items are common.
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 is a great option if you are looking for a company that offers both quality and affordability. It's one of the top-ranked companies based on reviews and ratings from customers, and it offers a variety of discount options for bundled policies.
Chubb - The cheapest homeowners insurance in Minnesota
Chubb's low-cost insurance is a great option if you are looking to save money. It offers a wide range of discounts, and it's ranked #1 in terms of affordability by MoneyGeek.
Compare Minneapolis Insurance Rates and Coverage
You should check all the insurance options that Minnesota residents have before you purchase a house in Minneapolis. There are many insurance companies in Minnesota, so you should compare them all to get the best deal and coverage.