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Renters insurance costs in Minnesota vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Minnesota is $211 per year or $18 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

Key Takeaways

  • The average cost of renters insurance in Minnesota is $211 per year or $18 per month.
  • Automobile Club MI (AAA) provides the least expensive renters insurance in Minnesota at an average rate of $122 annually.
  • Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Minnesota.

Average renters insurance cost in Minnesota per month

The average cost of renters insurance in Minnesota is $18 per month. Your premium may vary depending on your location, the value of your belongings, and the coverage limits you select. It’s recommended that you compare multiple insurance quotes to find the best price.

Average renters ins cost per monthDifference compared to national average
$18$4 less

Average renters insurance cost in Minnesota by company

According to our data, Automobile Club MI (AAA) provides the most affordable renters insurance in Minnesota, with an average annual rate of $122, followed by Secura Insurance and State Farm.

Getting quotes from multiple renters insurance companies in Minnesota is a good idea, as prices can differ significantly among insurers.

Below, you can find average annual and monthly renters insurance rates from various companies in Minnesota.

CompanyAverage annual rateAverage monthly rate
Automobile Club MI (AAA)$122$10
Secura Insurance$140$12
State Farm$142$12
Auto-Owners$167$14
Allstate$174$15
North Star Mutual$229$19
American Family$233$19
Farmers$257$21
Country Financial$319$27
Western National Mutual$325$27

Renters insurance calculator in Minnesota

$203/year
Estimated renters insurance rates in Minnesota
$17
Monthly renters insurance cost in Minnesota
-18%
Compared to national average

Average cost of renters insurance in Minnesota by coverage level

On average, Minnesota renters pay $211 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Minnesota to $163 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.

Below are the average annual renters insurance costs in Minnesota for personal property coverage of $20,000 and $40,000.

Coverage levelAverage annual renters insurance rateAverage monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability$168$14
$20,000 with $500 Deductible and $300,000 Liability$175$15
$20,000 with $1,000 Deductible and $100,000 Liability$157$13
$20,000 with $1,000 Deductible and $300,000 Liability$163$14
$40,000 with $500 Deductible and $100,000 Liability$220$18
$40,000 with $500 Deductible and $300,000 Liability$228$19
$40,000 with $1,000 Deductible and $100,000 Liability$203$17
$40,000 with $1,000 Deductible and $300,000 Liability$211$18
$60,000 with $500 Deductible and $100,000 Liability$270$23
$60,000 with $500 Deductible and $300,000 Liability$279$23
$60,000 with $1,000 Deductible and $100,000 Liability$248$21
$60,000 with $1,000 Deductible and $300,000 Liability$256$21

Average cost of renters insurance in Minnesota by city

Renters insurance rates can vary widely between cities. To make finding the right policy easier, we’ve broken down the costs by city. Discover how much renters insurance typically costs in different areas of Minnesota.

Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below.

Renters insurance rates in Minnesota by city

Average cost of renters insurance in Minnesota by ZIP code

In Minnesota, the cost of renters insurance can vary significantly across ZIP codes. Here, we’ll show you the ZIP codes where renters insurance is most affordable and where it costs the most.

Most affordable ZIP codes for renters insurance in Minnesota

In Minnesota, your ZIP code plays a major role in determining your premiums. Based on our data, 56325 is the most affordable ZIP code for renters insurance, with an average annual cost of $196.

Comparing quotes from multiple insurers in Minnesota is a smart way to find the best renters insurance rates for your ZIP code.

ZIP codeCityAverage annual rateAverage monthly rate
56325Elrosa$196$16
56352Melrose$197$16
56312Belgrade$198$16
56316Brooten$198$17
56378Sauk Centre$199$17
56520Breckenridge$199$17
56529Dilworth$199$17
56549Hawley$199$17
56017Cleveland$199$17
56446Eagle Bend$199$17

Least affordable ZIP codes for renters insurance in Minnesota

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Minnesota is 55417, with an average cost of $236 a year or $20 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in Minnesota. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.

ZIP codeCityAverage annual rateAverage monthly rate
55417Minneapolis$236$20

Final thoughts: Average renters insurance in Minnesota

Renters insurance is a must for Minnesota renters. It protects personal belongings from damage caused by fire, theft, vandalism and natural disasters, giving renters confidence and peace of mind.

Finding the most affordable renters insurance requires shopping around and comparing quotes from multiple insurers. To make an informed choice, consider not just the price but also the coverage options, deductibles, and customer reviews.

How much is renters insurance in other states

Alaska$257/Year
Alabama$324/Year
Arkansas$363/Year
Arizona$260/Year
California$271/Year
Colorado$191/Year
Connecticut$292/Year
Delaware$181/Year
Florida$248/Year
Georgia$352/Year
Hawaii$247/Year
Iowa$203/Year
Idaho$184/Year
Illinois$246/Year
Indiana$269/Year
Kansas$251/Year
Kentucky$207/Year
Louisiana$504/Year
Massachusetts$262/Year
Maryland$256/Year
Maine$198/Year
Michigan$340/Year
Missouri$231/Year
Mississippi$387/Year
Montana$275/Year
North Dakota$192/Year
Nebraska$295/Year
New Hampshire$173/Year
New Jersey$207/Year
New Mexico$201/Year
Nevada$246/Year
New York$293/Year
Ohio$252/Year
Oklahoma$281/Year
Oregon$288/Year
Pennsylvania$274/Year
Rhode Island$476/Year
South Dakota$202/Year
Tennessee$290/Year
Texas$226/Year
Utah$204/Year
Virginia$235/Year
Vermont$182/Year
Washington$222/Year
Wisconsin$167/Year
West Virginia$248/Year
Wyoming$136/Year
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Shivani Gite
Contributing Writer

 
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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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