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Ross Martin

Insurance Writer

  • 4+ years in the Insurance Industry

Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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Renata Balasco

Senior Content Strategist

  • Licensed Insurance Agent — Property and Casualty

Renata joined The Zebra in 2020 as a Customer Experience Agent. Since 2021, she has worked as licensed insurance professional and content strategist.…

How to get affordable renters insurance in Minnesota

Renters insurance is an important form of insurance. It keeps your belongings safe in the event your rental property suffers damage from a common incident. A renters policy protects personal items from fire, smoke damage, a wind event, vandalism, theft and an array of other events.

Unlike auto insurance, renters policies aren’t priced specifically by state. Still, there are relatively substantial differences in insurance pricing by state. Renters rates in a given state may vary based on the frequency and value of renters claims filed in that state, and depend on the value of the belongings you're covering.

Getting a renters policy in Minnesota is less expensive than the nationwide average. The typical annual renters insurance rate in Minnesota is $163, $21 less expensive than in other states.

The easiest way to find cheap renters insurance in Minnesota is to get quotes from as many insurance companies as possible. Find out renters insurance costs in Minnesota by referencing the below data. Remember: your rates will vary, depending on your coverage limits and the valuation of your belongings.

Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions

Renters insurance prices in Minnesota by company

Renters insurance prices in Minnesota can vary based on the insurance company you choose. American Family offers the most affordable renters policies in Minnesota, at only $102 annually. This compares favorably to the state average cost of $163, offering a 38% price break on average policy costs statewide.

Begin the hunt for a renters policy by reviewing the cheapest Minnesota companies, detailed below.

Insurer Average 12-Month Rate in Minnesota
American Family $102
State Farm $106
Safeco $131
Travelers $131
Country $143

Minnesota renters insurance costs by city

Not all Minnesota cities have equal renters insurance rates. Prices may depend on city-specific variables, including the number of claims filed in the immediate area, lending your ZIP code plenty of weight in deciding how much you pay.

The cheapest renters insurance rates in Minnesota are in Moorhead. The average renters insurance policy in Moorhead runs only $153 per year — $10 less than the average Minnesota rate. Reference the below table to see the cheapest cities in Minnesota for renters insurance.

City Average Annual Renters Insurance Rate
Moorhead $153
Rochester $153
Mankato $158
Woodbury $162
Shakopee $163

Looking for information about renters insurance for a particular city? Check out our breakdown of the most populous cities in Minnesota.

  1. Minneapolis
  2. St. Paul


Renters insurance in MN by coverage tier

Your renters insurance rates will vary depending on your coverage levels. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Minnesota, the difference in annual premium between these two tiers is approximately $53. If you can afford the up-front expense, it's worth considering.

Coverage Level Average Yearly Renters Insurance Rate in Minnesota
$25K Property $137
$50K Property $190

Tip: bundle auto and renters insurance in Minnesota

If you're looking for savings, consider carrying your renters and auto policies with the same insurance company. Bundling renters and auto insurance in Minnesota can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Minnesota leads to a yearly savings of $157.


Avg. Annual Rate (No Bundle) Avg. Annual Rate (w/ Bundle) Annual Savings ($) Annual Savings (%)
$1,288 $1,131 $157 14%

Minnesota renters insurance FAQs


Is renters insurance required in Minnesota?

There is no mandate in Minnesota law that requires renters to carry renters insurance, but it's usually required by landlords and property management companies.

What does Minnesota renters insurance cover?

Minnesota does not impose minimum requirements for renters insurance. A basic policy will get you coverage for liability, your home contents, medical payments to others, and loss of use. These options can be adjusted depending on your needs and the insurer you choose.

Need renters insurance? Talk to an expert today.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.