Enter your ZIP code:

Minnesota Home Insurance Quotes

Buying a house is one of the biggest purchases you’ll make—and you probably want to make sure it’s insured accordingly. Minnesota home insurance can do exactly that.

Home insurance in Minnesota is a considered a “package policy”:

(1)   It protects you from legal damages if someone is injured on your property

(2)   It protects you from financial losses if your home and/or possessions are damaged or destroyed

Many mortgage lenders require that you have some form of home insurance in order to protect their investment. According to the Insurance Information Institute (I.I.I) there are two main types of home insurance policies.

HO-2 is a basic policy protects you against 16 different perils including:

  • Smoke, fire and lightning
  • Wind and hail
  • Vandalism and theft
  • Water damage from home appliances

An HO-3 policy covers you from “all” perils, except for those named in the policy. Common exclusions from HO-3 policies include:

  • Flood
  • Earthquake
  • Landslide, mudslide and sinkhole
  • Nuclear accident

Important note: Home insurance does not protect you from flood damage. If you’re interested in purchasing flood coverage, make sure you ask your Minnesota home insurance agent, or apply with the National Flood Insurance Program (NFIP).

In addition to these types of policies, there are also two main types of coverage. These coverages are known as actual cash value, and replacement cost.

Actual cash value: Pays to replace your items minus a deduction for depreciation, up to your policy amount.

This means if you bought your laptop two years ago for $1,000, the insurer will only reimburse you for its worth at the time of damage—which could be a several hundred dollar difference

Replacement cost: Pays the actual cost of your possessions with no deduction for depreciation, up to your policy amount.

This means no matter when you bought your laptop, you’ll be reimbursed for the amount you paid for it.

Because replacement cost coverage doesn’t deduct any money for depreciation, it’s generally the best coverage for your bottom dollar and comes highly recommended by insurance experts.

Saving Money on Minnesota Home Insurance

While finding a good policy is important, there are a few ways you can keep your costs down:

Shop around. Prices differ from one insurer to the next, so comparing free quotes is the way to go. Free shopping sites like InsureMe.com allow you to compare multiple quotes from local agents in your area.

Increase your deductible. Increasing the amount you pay for a claim out-of-pocket (before the insurer starts paying) automatically lowers your premiums. Just make sure you choose a deductible you can afford in case you have to file a claim.

Ask about discounts. Many insurers offer significant discounts if you have a home alarm system or insure your car with the same company. Ask your agent what other discounts they offer and see if you qualify.

Make some home improvements. Updating your home or making improvements can help your home better withstand tumultuous weather. Your insurer will take this into consideration while determining your premium.

If you own a home, home insurance is a fact of life. And thankfully, the web makes it easy to find the coverage you need. Get started with InsureMe.com and compare free Minnesota home insurance quotes!


Free Car Insurance Quotes!  
Free Home Insurance Quotes!  
Free Health Insurance Quotes!  
Free Life Insurance Quotes!  
List of Articles
No. Subject Author Views
55 Wyoming Home Insurance youcomparequotes 6538
54 Wisconsin Home Insurance youcomparequotes 6823
53 West Virginia Homeowners Insurance youcomparequotes 6411
52 Washington, D.C. Home Insurance youcomparequotes 8046
51 Washington Home Insurance youcomparequotes 6143
50 Virginia Home Insurance youcomparequotes 6355
49 Vermont Homeowners Insurance youcomparequotes 6774
48 Utah Homeowners Insurance youcomparequotes 6109
47 Texas Home Insurance: Not Fun, Not Hip But Oh-So Important youcomparequotes 7092
46 Texas Home Insurance Quotes youcomparequotes 6606
45 Tennessee Homeowners Insurance youcomparequotes 8200
44 South Dakota Homeowners Insurance youcomparequotes 6860
43 South Carolina Homeowners Insurance youcomparequotes 6155
42 Rhode Island Homeowners Insurance youcomparequotes 6362
41 Pennsylvania Home Insurance Quotes youcomparequotes 6572
40 Oregon Home Insurance Quotes youcomparequotes 12691
39 Oklahoma Homeowners Insurance youcomparequotes 6578
38 Ohio Home Insurance Quotes youcomparequotes 6881
37 North Dakota Homeowners Insurance youcomparequotes 6300
36 North Dakota Home Insurance youcomparequotes 6186
35 North Carolina Homeowners Insurance youcomparequotes 10762
34 New York Home Insurance Quotes youcomparequotes 6857
33 New Mexico Homeowners Insurance youcomparequotes 6680
32 New Jersey Home Insurance youcomparequotes 6249
31 New Hampshire Home Insurance youcomparequotes 6321
30 Nevada Home Insurance youcomparequotes 6455
29 Nebraska Home Insurance youcomparequotes 6298
28 Montana Home Insurance youcomparequotes 6666
27 Missouri Home Insurance Quotes youcomparequotes 6342
26 Mississippi Home Insurance youcomparequotes 6420
» Minnesota Home Insurance Quotes youcomparequotes 6582
24 Michigan Home Insurance Quotes youcomparequotes 6715
23 Maryland Home Insurance youcomparequotes 6582
22 Maine Homeowners Insurance youcomparequotes 6393
21 Louisiana Homeowners Insurance youcomparequotes 6743
20 Kentucky Homeowners Insurance youcomparequotes 6189
19 Kentucky Home Insurance youcomparequotes 6550
18 Kansas Homeowners Insurance youcomparequotes 6773
17 Iowa Homeowners Insurance youcomparequotes 6225
16 Indiana Homeowners Insurance youcomparequotes 6584
15 Illinois Home Insurance Quotes youcomparequotes 7254
14 Idaho Home Insurance youcomparequotes 6403
13 Hawaii Home Insurance youcomparequotes 6416
12 Georgia Home Insurance youcomparequotes 6557
11 Florida’s Home Insurance Headache youcomparequotes 7770
10 Florida Home Insurance Quotes youcomparequotes 6509
9 Delaware Home Insurance youcomparequotes 6076
8 Connecticut Homeowners Insurance youcomparequotes 6374
7 Colorado Home Insurance Information: Protecting Your Personal Rocky Mountain Paradise youcomparequotes 10938
6 Colorado Home Insurance Information youcomparequotes 7019
5 California Home Insurance youcomparequotes 6584
4 Arkansas Home Insurance youcomparequotes 6599
3 Arizona Home Insurance Quotes youcomparequotes 7624
2 Alaska Homeowners Insurance youcomparequotes 6300
1 Alabama Homeowners Insurance youcomparequotes 6239
XE Login