It is important to get homeowners insurance when moving to Minnesota. You can protect your house, as well as your belongings, in the event of theft or damage.
You should get quotes from at least 3 companies and compare their prices, coverages and customer service. This will give you a better idea of how to find the best policy for your needs.
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. If you're in a flood-prone area, for example, you may need more coverage than someone in a dry, arid region.
It's important to also consider the location of your house, the crime rate and any other potential dangers. 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 Purchase a Homeowners' Insurance Policy in MN
Minnesota home insurance will cover the structure of your house, as well as any personal belongings and any loss of use. You can get different coverage options depending on your personal property value. Compare quotes to see what you like best.
Reviewing your coverage each year is also a great idea, as your home's needs and your lifestyle can change over time. 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
Minnesota homeowners are offered insurance by many different companies, both national and local. If you read reviews of Minnesota's top carriers on websites such as the Better Business Bureau, or look for insurers with an AM Best rating, you can easily find the list.
Allstate
Allstate is known for its excellent online service. You can easily manage payments and your policy with the mobile app. It offers add-ons which can lower costs and provide peace of heart.
Liberty Mutual
Liberty Mutual Minnesota homeowners insurance is affordable, with rates of just $1,046 annually compared to $1,773 for the average rate in the state. Liberty Mutual offers a variety of policies from simple ones for renters or condo owners to complex policies for older houses and historic homes.
Farmers
Farmers is another Minnesota-based home insurance company offering a range of discounts. The website provides basic information that can be used to compare policies and also informs you about discounts.
HO-6 (walls-in)
For condo owners and those who own small or mobile homes, a HO-6 homeowners policy can be a good choice. This coverage, also known as "walls-in", is a good option for owners of historic or architecturally valuable homes.