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Minnesota Home Insurance Cost

Estimate annual home insurance premiums in Minnesota from home value and coverage choices.

About Minnesota Home Insurance Cost

Home insurance premium estimate in Minnesota: a reference rate (usually 0.3–0.6% of home value annually) applied to the home value. Actual prices vary by location, rebuild cost, claims and credit.

Formula

Premium

Premium = home value × coverage rate

Worked example

With the default values below, Minnesota Home Insurance Cost returns Estimated Annual Premium of $1,600.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Home valueminimum 0
400,000
Coverage rateaccepts 0–2
0.4
Deductibleminimum 0
2,000

Results

Estimated Annual Premium
$1,600.00
Monthly Equivalent
$133.33
Deductible
$2,000.00
Est. Saving vs Typical
$400.00

Step by step

  1. 1Values used
  2. 2Premium
  3. 3Estimated Annual Premium= 1,600.00
  4. 4Monthly Equivalent= 133.33
  5. 5Deductible= 2,000.00
  6. 6Est. Saving vs Typical= 400.00

Assumptions and limits

  • The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, fees or charges or compounding frequency into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Approximate estimate.
  • This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Minnesota rules are not built in

Minnesota-specific rules are not built into this calculator. It uses the same general calculation as Home Insurance Cost. Check current figures with Minnesota’s official source before relying on the result.

Tax year: not verified · Source: none built in

Approximate estimate.

Frequently Asked Questions

Why is my quote different?

Rates vary by state, insurer, rebuild cost, deductible, pets, pool and claim history.

How accurate is this estimate?

Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.

Related Calculators

Minnesota Home Insurance Cost | Calcrivo