Minnesota Renters Insurance

Finding renters insurance shouldn't be stressful. Compare rates from Minnesota by city and carrier below.

Find cheap renters insurance in Minnesota


Renters insurance is a great — and cheap! — way to ensure your personal belongings are insured against common incidents. A renters insurance policy covers items from fire, smoke damage, a wind storm, vandalism, theft, and a collection of other common events.

Unlike car insurance, renters insurance isn't priced based on state-level legislation. Even still, there are surprisingly large differences in average renters insurance prices by state. Insurance policy costs in a given state differ based on the number of — and value of — renters policy claims filed across the state, and depend on the value of the belongings covered by the policy.

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

The best way to get affordable renters insurance in Minnesota is to get quotes from as many companies as possible. Find out average renters insurance rates in Minnesota via the below breakdown. Your rates may vary, depending on your coverage limits and the valuation of your belongings.


Minnesota renters insurance:

  1. Rates by company
  2. Rates by city
  3. Bundling discounts
  4. FAQs

Renters insurance prices in Minnesota by carrier

Renters insurance prices in Minnesota vary based on the insurance company you choose. American Family offers the most affordable renters insurance in Minnesota, at only $102 yearly. This beats Minnesota's average cost of $163, offering a 38% price cut on the typical rates in the state.

Start searching for affordable coverage by reviewing the cheapest Minnesota insurance companies, listed below.


RENTERS INSURANCE RATES IN MINNESOTA: BY CARRIER
CompanyAverage Yearly Rate in Minnesota
American Family$101.80
State Farm$105.88
Safeco$130.73
Travelers$130.83
Country$142.63

Minnesota renters insurance prices by city

Not every city in Minnesota has equal renters insurance costs. Prices depend on city-specific variables, such as the number of local claims filed, meaning your specific ZIP code impact how much you pay.

The cheapest renters insurance in Minnesota is found in Moorhead. In Moorhead, the typical renters insurance policy costs $153 each year — $10 less than the statewide average. The below table shows the best places to live in Minnesota if you’re looking for cheap renters insurance.


AFFORDABLE CITIES FOR RENTERS INSURANCE IN MINNESOTA
CityAverage 12-Month Renters Insurance Rate
Moorhead$153
Rochester$153
Mankato$158
Woodbury$162
Shakopee$163

Save by bundling renters and auto insurance in Minnesota

If you’re seeking ways to save on your insurance expenditures, consider buying your renters and auto policies from the same insurance company. Bundling renters and auto insurance in Minnesota can save you a substantial sum each month on your auto insurance policy. In fact, bundling policies in Minnesota may generate yearly savings of $157.


RENTERS AND AUTO INSURANCE BUNDLING DISCOUNTS IN MINNESOTA
Avg. Annual Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,287.73$1,130.90$156.8314%


One of the best ways to save on auto insurance is to bundle policies. Find a policy today!


Are you looking for renters insurance information for a specific city? Have a look at our listof the biggest cities in Minnesota.

  1. Minneapolis
  2. St. Paul

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.