Minnesota home insurance

Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.

Home insurance premium estimator

What homeowners insurance costs in your state, and whether what you pay is out of line.

Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.

What a higher deductible really saves, how long it takes to pay off, and what a storm deductible actually costs.

Did your renewal go up more than premiums did across your state — and what to do about it.

All six limits on your policy against what the standard form and regulators say to expect — including the liability limit nobody looks at.

Average premium: $3,333/ yr; At $300,000 of dwelling coverage.
Standard deductible: $1,000; Applies to everyday claims.
Storm deductible — separate, and much larger: $3,000(1% of coverage); What you would pay out of pocket on $300,000 of coverage before a storm claim pays anything — not the $1,000 above.
Insurer of last resort: Minnesota FAIR Plan Association; Minnesota's insurer of last resort, created in 1968 under the Minnesota FAIR Plan Act (Minn. Stat. 65A.31 through 65A.42). Eligibility is exclusionary by design: an applicant must have been cancelled, non-renewed, or otherwise unable to obtain coverage in the private market, and an applicant holding any offer from a standard carrier is ineligible. The Plan writes homeowners forms for owner-occupied primary residences, plus renters, townhome/condo, dwelling-fire, farm and commercial fire forms; non-owner-occupied dwellings, rentals and second homes fall to the narrower named-peril dwelling-fire form rather than a homeowners policy. Dwelling coverage is capped at $500,000. It is a backstop, not a substitute for a standard policy -- coverage is narrower than an HO-3 and it carries no liability on the dwelling-fire forms.