Average Renters Insurance Cost in Minnesota

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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 $218 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 $218 per year or $18 per month.
Auto Club Group – ACG (AAA) provides the least expensive renters insurance in Minnesota at an average rate of $116 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 month	Difference compared to national average
$18	$6 less

Average renters insurance cost in Minnesota by company

According to our data, Auto Club Group – ACG (AAA) provides the most affordable renters insurance in Minnesota, with an average annual rate of $116, followed by State Farm and Secura Insurance.

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.

Company	Average annual rate	Average monthly rate
Auto Club Group – ACG (AAA)	$116	$10
State Farm	$145	$12
Secura Insurance	$168	$14
Allstate	$174	$15
Auto-Owners	$205	$17
North Star Mutual	$229	$19
American Family	$292	$24
Farmers	$312	$26
Country Financial	$319	$27

Renters insurance calculator in Minnesota

$210/year

Estimated renters insurance rates in Minnesota

$18

Monthly renters insurance cost in Minnesota

-22%

Compared to national average

Average cost of renters insurance in Minnesota by coverage level

As we discussed above, the average cost of renters insurance in Minnesota is $218 per year. These rates are for a coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $164 per year for renters insurance in Minnesota, which provides $300,000 in liability protection with a $1000 deductible.

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

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$170	$14
$20,000 with $500 Deductible and $300,000 Liability	$177	$15
$20,000 with $1,000 Deductible and $100,000 Liability	$157	$13
$20,000 with $1,000 Deductible and $300,000 Liability	$164	$14
$40,000 with $500 Deductible and $100,000 Liability	$229	$19
$40,000 with $500 Deductible and $300,000 Liability	$237	$20
$40,000 with $1,000 Deductible and $100,000 Liability	$210	$18
$40,000 with $1,000 Deductible and $300,000 Liability	$218	$18
$60,000 with $500 Deductible and $100,000 Liability	$288	$24
$60,000 with $500 Deductible and $300,000 Liability	$296	$25
$60,000 with $1,000 Deductible and $100,000 Liability	$264	$22
$60,000 with $1,000 Deductible and $300,000 Liability	$272	$23

Average cost of renters insurance in Minnesota by city

Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Minnesota and find the best fit for your budget.

Renters insurance rates in Minnesota by city

See rates in your 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

How much Minnesota renters pay for insurance depends on the ZIP code they live in. 56325 is the most affordable ZIP code for renters insurance in Minnesota among all the ZIP codes analyzed, at $200 a year on average.

Rates vary by ZIP code, so comparing quotes is one of the easiest ways to get the best deal on renters insurance in Minnesota.

ZIP code	City	Average annual rate	Average monthly rate
56325	Elrosa	$200	$17
56352	Melrose	$200	$17
56316	Brooten	$201	$17
56378	Sauk Centre	$201	$17
56312	Belgrade	$202	$17
56520	Breckenridge	$202	$17
56529	Dilworth	$202	$17
56446	Eagle Bend	$202	$17
55335	Gibbon	$202	$17
56549	Hawley	$202	$17

Least affordable ZIP codes for renters insurance in Minnesota

Your ZIP code, among other factors, affects how much you pay for renters insurance in Minnesota. 55439 is the least affordable ZIP code for Minnesota renters at an average cost of $248 a year or $21 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Minnesota. Below are the average annual renters insurance costs by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
55439	Edina	$248	$21
55455	Minneapolis	$248	$21
55416	St. Louis Park	$248	$21
55438	Bloomington	$246	$20
55430	Brooklyn Center	$246	$20
55445	Brooklyn Park	$246	$20
55427	Golden Valley	$246	$20
55428	New Hope	$246	$20
55447	Plymouth	$246	$20
55423	Richfield	$246	$20

Final thoughts: Average renters insurance in Minnesota

Renters insurance is essential for residents of Minnesota. It safeguards possessions against damage from fire, theft, vandalism, and natural disasters, ensuring protection in unforeseen circumstances.

To get the best renters insurance at an affordable price, shop around and compare quotes from various insurance carriers. In addition to insurance premiums, consider factors such as coverage options, deductibles, and customer reviews to make an informed decision.

Shivani Gite

Contributing Writer

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.