Finding renters insurance shouldn't be stressful. Compare rates from Minnesota by city and carrier below.
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. Renters insurance protects household items against fire, smoke damage, a wind event, vandalism or theft, and a collection of other calamities.
There are relatively substantial gaps in the cost of renters policies by state. Insurance policy prices in a given state may differ based on the total number and value of renters claims filed statewide, and also on the value of the belongings covered by the policy.Renters insurance in Minnesota is less expensive than the nationwide average. The typical annual renters insurance rate in Minnesota is $163, $21 less expensive than the average rate across all US states.
The best way to find an affordable renters insurance policy in Minnesota is to view prices from a variety of insurance companies. Learn average renters insurance rates in Minnesota via the below breakdown. Your rates may vary, depending on your coverage details and the value of your belongings.
Prices for renters insurance in Minnesota can vary based on the insurance company you use. American Family offers the most affordable renters insurance in Minnesota — just $102 yearly. This compares favorably to the state mean cost of $163, offering a 38% price cut on the typical rates in the state.
Start searching for a renters policy by reviewing the most affordable Minnesota insurance companies, listed below.
| Company | Average Annual Rate in Minnesota |
| American Family | $101.80 |
| State Farm | $105.88 |
| Safeco | $130.73 |
| Travelers | $130.83 |
| Country | $142.63 |
Not all Minnesota cities have equal renters insurance rates. Prices may depend on city-specific variables like the number of claims filed nearby, meaning your specific ZIP code impact how much you pay.
The cheapest renters insurance in Minnesota is found in Moorhead. A typical renters insurance term in Moorhead totals just $153 per year — $10 less than the statewide average. The below cities have the most affordable renters insurance in Minnesota.
| City | Average Annual Renters Insurance Rate |
| Moorhead | $153.04 |
| Rochester | $153.25 |
| Mankato | $157.92 |
| Woodbury | $162.29 |
| Shakopee | $162.63 |
If you're looking for savings, consider purchasing your renters and auto policies from the same insurance company. Bundling auto and renters insurance in Minnesota can lead to substantial savings on your auto insurance policy. Purchasing bundled policies in Minnesota may generate yearly savings of $157.
| Avg. 12-Month Auto Insurance Rate (No Bundle) | Avg. Annual Auto Insurance Rate (Bundle) | Annual Bundle Savings | Bundle Savings % |
| $1,287.73 | $1,130.90 | $156.83 | 14% |
A great way to save is to bundle your renters and auto insurance policies. Get started today!
