Minnesota Homeowners Insurance

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Homeowners from Minneapolis to Mankato and Bemidji to Duluth and everywhere else in the Gopher State have to protect their homes from the harsh snowfall and freezing temperatures the state faces each winter, as well as the unpredictable events like house fires and strong winds.

Getting a Minnesota homeowners insurance policy with Clovered helps you properly protect your house, personal belongings and financial future if a covered peril unexpectedly damages or destroys any of the above.

We’ve partnered with some of the best Minnesota homeowners insurance companies, so we can quote multiple policies at once, then compare them with your needs and budget and get you a policy that meets both in minutes.

What’s Covered With a Minnesota Homeowners Insurance Policy?

Homeowners insurance in Minnesota covers the structure of your house, your personal belongings and much more, including unexpected incidents that could occur on your property. While you get to choose the amount of coverage you enroll in, the following six coverages come standard in every homeowners insurance policy.

Coverage A: Dwelling

This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.

Coverage B: Other Structures

Structures on your property that aren’t connected to your househouse fall under this coverage. It includes things like fences, sheds and even satellite dishes. Coverage for these structures is typically up to 10% of the policy’s dwelling maximum.

Coverage C: Personal Belongings

Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can pay to replace things like furniture, electronics, clothes and even items kept on the property, like lawnmowers.

Coverage D: Loss of Use

Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.

Coverage E: Personal Liability

This coverage can provide financial protection for accidents that occur on the policyholder’s property, damage to other people’s property and dog bites. It can help pay for medical expenses, legal fees and property damage if the policyholder is deemed liable.

Coverage F: Medical Payments

Similar to personal liability, medical payments to others covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.

Which Perils Are Covered by Homeowners Insurance in Minnesota?

From house fires to frozen pipes and strong winds off the plains to burglars, a Minnesota homeowners insurance policy covers more events than you may think. Here are the most common covered perils in the Gopher State.

10 Named Perils Under HO-1:

  1. Vandalism
  2. Theft
  3. Damage caused by vehicles
  4. Damage caused by aircraft
  5. Rioting or civil disturbances
  6. Smoke damage
  7. Fire or lightning
  8. Windstorm or hail, such as a hurricane or tornado
  9. Explosions
  10. Volcanic eruptions

16 Named Perils Under HO-2:

  • (All 10 named perils under HO-1, plus the following)

  1. Frozen pipes
  2. Falling objects
  3. Damage caused by heating, air conditioning or plumbing
  4. Damage due to snow, ice or sleet
  5. Damage from water heater, including cracks, burns or tears
  6. Damage from electrical currents, such as downed powerlines

What Does the Average Homeowners Insurance in Minnesota Cost?

Average homeowners insurance rates in Minnesota are around $1,300 per year, which is a few hundred dollars over the national average. This average price gets you about $200,000 worth of dwelling coverage, $100,000 worth of liability coverage, $30,000 worth of personal property protection and a slew of other coverages that you’ll need.

  • Average Cost of Homeowners Insurance in Minnesota: $1,300 per year

How to Get the Best Minnesota Homeowners Insurance Rates

At Clovered, we’ve teamed up with some of the top Minnesota homeowners insurance companies from Minneapolis to Duluth and beyond, so we can compare quotes from multiple companies to bring you a Minnesota homeowners insurance policy at the best price.

We built an easy-to-use quoting platform that allows you to get multiple quotes from multiple carriers on a single page so you can get the policy you need at the price you want. What are you waiting for? Get a free quote in minutes.

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.