You should get homeowners insurance if you are moving to Minnesota. It protects your house and your belongings in case of damage or theft, and most lenders require their customers to have a home insurance policy as part of their mortgage.
Comparing quotes is important. Make sure you get at least three quotes and carefully compare the price, customer service and coverage. This will allow you to better understand how to choose the best policy.
Average Home Insurance Cost in MN
Your age, the coverage amount you need, and your home's location are all factors that will determine the cost of your Minnesota homeowners policy. You may need to purchase more coverage if you live in an area that is prone to flooding.
You'll also want to take into account your location, crime rates and other risks that could affect your home. For example, if your home is located in a Minneapolis area with high crime rates, you should invest in more liability protection.
How to Buy Homeowners Insurance in MN
Minnesota home insurance will cover the structure of your house, as well as any personal belongings and any loss of use. Coverage can differ depending on the value and type of personal items you own, so compare quotes to determine what is best for you.
A good idea is to review your policy every year as your needs and lifestyle can change. This will allow you to determine whether or not you're paying too much for insurance and if your coverage is still appropriate for your house.
Best Home Insurance Companies MN
Many national, regional and even local companies offer homeowners insurance in Minnesota. If you look on consumer review websites, such as Better Business Bureau and AM Best, or read their ratings from the Better Business Bureau website, you will find a list with the best Minnesota insurance carriers.
Allstate
Allstate's online experience is one of the best in the state, and its mobile app makes it easy to manage your policy and payments. It offers add-ons which can lower costs and provide peace of heart.
Liberty Mutual
Liberty Mutual Minnesota is one of the most affordable homeowners insurance providers in the state, with a rate of $1046 per year compared to a state average of $1773. The company offers many different policies, ranging from the basic ones for condo and renter owners to those more complex for older or historic houses.
Farmers
Farmers, another well-known Minnesota home insurance provider, offers many discounts that can help you save. Its website contains basic information for comparing its policies. You can also learn about the discounts that are available based on your needs.
HO-6 (walls-in)
A HO-6 policy is a great option for condo owners, small home or mobile home owners. This type of coverage is also called "walls-in" and can be a great option for those who own homes that are architecturally valuable or historic.