Best and cheapest companies for home and auto bundles in Minnesota

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When you shop for home and auto insurance, some companies will have a better deal on bundled coverage than others. We compared multi-policy discounts from insurance companies in Minnesota to determine which will give you the biggest price break when you purchase multiple types of coverage.

State Farm offers the biggest percentage break on your home and auto premiums in Minnesota when you bundle. Bundle your policies with this insurance company, and it will cut your costs by an average of 27%.

Meanwhile, State Farm offers the cheapest overall rate when you bundle with the company in Minnesota. On average, you will pay $2,949 when you bundle.

Key Takeaways

In Minnesota, State Farm is the best home and auto bundle insurance provider, offering an average discount of 27%.
Some companies offer bigger savings for bundling than others, so it pays to shop around.
Where you live within the state will impact how much you can save by bundling.
Bundling usually makes sense, but there are situations where this might not be the case.

How we picked the best companies for home and auto bundling

In 2024, we conducted an analysis of home and auto insurance rates across all 50 states and Washington, D.C. using data from Quadrant Data Services. We examined the average bundling discounts offered by various insurance companies, calculating both pre and post bundling rates based on these discounts. Our analysis covered 48 insurance companies and data from 4,686 ZIP codes, providing a comprehensive view of bundling benefits nationwide.

Our recommendation for the best home and auto bundles in Minnesota

Insure.com’s analysis ranked companies based on the average bundle discount they offer both in terms of dollar amount and percentage. Based on those criteria, these are the best companies for home and auto bundles in Minnesota.

State Farm

The average bundle discount at State Farm is $1,076, or 27%. Before the bundle discount is added, the average cost of home and auto insurance is $4,025. After getting a bundle discount, the cost drops to $2,949. State Farm ranked at No. 6 in our Best Auto Insurance Companies ranking and No. 4 in the Best Home Insurance Companies ranking.

American Family

American Family offers an average discount of $693 when you bundle your auto and home insurance, which is about 16%. Without the discount, the average cost is $4,244, but with the discount, the price drops to $3,551.

Auto-Owners

Bundling auto and home insurance with Auto-Owners can save an average of $287, or 8%. Without the discount, the coverage costs $3,652, but after the discount, it’s only $3,365.

Farmers Insurance

Farmers Insurance offers an average bundle discount of $779, which is about 16%. Without the discount, the combined cost of home and auto insurance is $4,821. After applying the discount, the total cost drops to $4,042.

Compare home and auto bundles in Minnesota

Bundling your home and auto insurance in Minnesota can help you save, but the savings vary depending on the company. Let’s take a look at how much you can save with some of the top insurers.

Company	Premium after Bundle	Auto and home bundling (Survey)	Home survey	A.M. Best Score	% Difference	Overall Rating
State Farm	$2,949	47	87.4	A++	27%	82.03
American Family	$3,551	50	85	A	16%	65.57
Auto-Owners	$3,365	49	81.2	A++	8%	60.96
Farmers Insurance	$4,042	43	82	A	16%	60.82

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What company offers the cheapest home and auto bundles in Minnesota?

State Farm offers the biggest percentage discount if you bundle. State Farm offers the cheapest rate overall if you bundle.

Company	Home insurance premium	Auto insurance premium	Premium before Bundle	Premium after Bundle
State Farm	$2,568	$1,457	$4,025	$2,949
Automobile Club MI (AAA)	$1,710	$2,208	$3,918	$3,203
Auto-Owners	$1,574	$2,078	$3,652	$3,365
American Family	$2,780	$1,464	$4,244	$3,551
Western National Mutual	$1,746	$2,763	$4,509	$4,003
Farmers Insurance	$2,608	$2,213	$4,821	$4,042
North Star Mutual	$2,312	$3,065	$5,377	$4,612

Most and least expensive ZIP codes for home and auto insurance bundles in Minnesota

Where you live can help to determine how big of a discount you will get for bundling coverage, and also the base rates from which that discount is taken. Here are the most and least expensive ZIP codes in Minnesota for policyholders who bundle their coverage:

Most expensive ZIP codes

The most expensive ZIP code in Minnesota for home and auto insurance bundling is 55106 at an average rate of $4,160. See the 10 most expensive ZIP codes below.

ZIP code	Average auto and home after discount	Average difference
55106	$4,160	16%
55130	$4,141	16%
55103	$4,104	16%
55101	$4,093	15%
55411	$4,077	16%
55104	$4,004	16%
55117	$3,994	16%
55404	$3,992	16%
55455	$3,982	16%
55107	$3,979	16%

Least expensive ZIP codes

The least expensive ZIP code in Minnesota for home and auto insurance bundling is 55920 at an average rate of $3,172. See the 10 least expensive ZIP codes below.

ZIP code	Average auto and home after discount	Average difference
55920	$3,172	16%
56544	$3,181	16%
56511	$3,215	16%
55805	$3,222	16%
56720	$3,239	16%
55802	$3,267	16%
55811	$3,275	16%
55718	$3,278	16%
55812	$3,278	16%
56236	$3,289	16%

Frequently asked questions about bundling home and auto insurance

Is bundling home and auto insurance right for everyone in Minnesota?

Bundling your insurance policies can save you money and add convenience. With a single insurer, you’ll have one point of contact and easy access to all your coverage details on one website.

While bundling can be a good deal, it’s not always the right choice. Sometimes, a company may offer great auto insurance rates but have higher prices for homeowners insurance, so it might be worth looking elsewhere for your homeowners coverage.

Also, some insurers might provide the right coverage you need for one type of insurance but not for the other.

Instead of relying on a bundle, it’s worth checking out other options to ensure you get the best deal.

Remember when buying insurance that you’re doing so to protect your most valuable assets, says Christine O’Brien, president of the Insurance Council of New Jersey. Take the time to learn about policy limits and coverages and get several quotes.

How can you switch to a home and auto bundle in Minnesota?

Bundling your policies is a quick process. When one of your insurance policies is up for renewal, you can decide to bundle your car and homeowners insurance with the same company.

You don’t have to wait until renewal to bundle. If you cancel any of your policies early, you’ll likely get a refund for the months you won’t be covered.

Remember not to cancel your old policy until your new coverage is in place to avoid any gaps in coverage.

Methodology

Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.

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Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.