Minnesota is the "Land of 10,000 Lakes". This is a beautiful place for people who enjoy the outdoors. However, it's also a state that has its share of storms, flooding and blizzards that can cause damage to property and personal belongings. This is why you need homeowners insurance to cover you against a wide range of hazards.
Like any type of insurance, the cost of homeowners insurance in Minnesota varies from one policy to another. 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 homeowners insurance calculator can help you figure out how much you should expect to pay for coverage, based on several factors.
Costs for Minnesota Homeowners Insurance
Insurance prices in Minnesota tend to be higher than the average national price due to the state's high flood and storm risk. However, there are ways to cut your Minnesota homeowners insurance costs. These include adding more coverages and lowering the deductible.
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.
A simple inventory can be created in a short time and help you to determine if your coverage is adequate. It is also vital to ensure you don't pay too much for items.
Add any valuable items you own, such as jewelry or antiques. Consider combining MN homeowners insurance with your home insurance policy if you own a large number of items. This will provide you with more comprehensive coverage.
You can save up to $156 annually in Minnesota by bundling insurance policies.
The best Minnesota home insurance providers can help homeowners save money. This list contains companies that provide affordable rates and excellent customer service as well as strong financial stability.
Country Financial: The best insurance for homeowners in Minnesota
Country Financial offers a balance between cost and quality service. 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 lowest homeowners insurance rates in Minnesota
Chubb's low-cost insurance is a great option if you are looking to save money. MoneyGeek ranked it as the #1 most affordable home insurance plan.
Compare Minneapolis insurance rates and coverage
If you're planning to purchase a home in the Minneapolis area, be sure to check out all of the different insurance options available for Minnesota residents. The state is home to a large number of insurance companies, so it's a good idea to compare them to find the best deals and highest-rated coverage.