How Much Does Home Insurance Cost in Minneapolis, MN?
Average annual homeowners insurance premium. Updated March 2026 with data from BLS, U.S. Census Bureau, and industry surveys.
Typical Cost Range
$1.060 – $3.710
+6% vs national average
$1.060$2.385$3.710
LowNational avg: $2.250High
Minneapolis vs State & National Average
| Category | Minneapolis | Minnesota Avg | National Avg |
|---|---|---|---|
| Average cost | $2.385 | $2.378 | $2.250 |
| Low estimate | $1.060 | $1.784 | $1.688 |
| High estimate | $3.710 | $3.091 | $2.925 |
Detailed Cost Breakdown
| Item | Low | High | |
|---|---|---|---|
| Low estimate | $1.000 | $1.200 | |
| Average | $2.025 | $2.475 | |
| High estimate | $2.800 | $3.500 |
Home Insurance in Nearby Cities
Frequently Asked Questions
How much does home insurance cost in Minneapolis?
In Minneapolis, MN, home insurance typically costs between $1.060 and $3.710. The average is $2.385, which is 6% above the national average.
Is Minneapolis expensive for home insurance?
Minneapolis has a cost-of-living index of 106 (100 = national average). Home Insurance costs are 6% higher than the national average of $2.250.
What factors affect home insurance costs in Minneapolis?
Key factors include local labor costs, cost of materials, market competition, Minnesota state regulations, and Minneapolis's overall cost of living (index: 106/100). Prices can also vary by season and specific requirements.