Get homeowners insurance before moving to Minnesota. The insurance covers your home, your possessions and any damage that may occur. Most mortgage lenders require you to have this policy.
Get quotes from at the very least three different insurance companies. Then compare them for coverage, price and customer service. This will allow you to better understand how to choose the best policy.
Average Home Insurance Cost in MN
There are many factors that determine how much you will pay for your Minnesota homeowners insurance, including your age, the amount of coverage you need and the location of your home. For instance, if your home is located in a flood-prone region, you will need more coverage.
Also, you'll want to consider your location, crime rate and other potential risks that may affect your home. If you live near a Minneapolis high-crime area, for example, you may want to invest more in liability protection than the average.
How to Buy Homeowners Insurance in MN
Minnesota home policies will usually cover the building structure as well as your personal property. They also may cover loss of usage. You can get different coverage options depending on your personal property value. Compare quotes to see what you like best.
It's also a good idea to review your coverage every year, as the needs of your home and lifestyle may change over time. This will enable you to decide if you're buying enough insurance for your home and if that coverage is still suitable.
Best Home Insurance Companies MN
Minnesota homeowners are offered insurance by many different companies, both national and local. You can find a list of the top-rated carriers in Minnesota by reading their reviews on consumer websites like the Better Business Bureau or by looking for the insurers that have earned an AM Best rating.
Allstate
Allstate is known for its excellent online service. You can easily manage payments and your policy with the mobile app. The company offers a range of add-ons to help reduce costs and give you peace of mind.
Liberty Mutual
Liberty Mutual Minnesota offers homeowners insurance at a very affordable rate. The annual premium is $1046 as opposed to the average state price of $1773. It offers a wide range of policies, from basic policies for renters and condo owners to more complex ones for older homes or historic houses.
Farmers
Farmers, another well-known Minnesota home insurance provider, offers many discounts that can help you save. Its site offers information on its policies to help you compare them, as well as discounts for your particular needs.
HO-6 (walls-in)
A homeowners policy with HO-6 can be an excellent choice for those who live in condos or own mobile homes and small houses. This coverage, also known as "walls-in", is a good option for owners of historic or architecturally valuable homes.