Minnesota lies in the Northern part of USA and is home to over 5.75 mil people. Nicknamed “The North Star State”, Minnesota is known for for their excellent economy and education. Outside the Twin Cities, Minnesota has a flourishing countryside that balances its modernity. While Minnesota is a great place to call home, its residents should be wary of natural perils and day-to-day risks like extreme heat, drought, heavy snow, and tornadoes. Hence, insurance is essential for everyone in Minnesota to protect their prized assets, including businesses.
Minnesota has over 8520 licensed insurance agents. If you are searching for the right coverage, you can connect with our local insurance agents in Minnesota to get tailored policies designed to meet your needs and budget. Our local insurance agents in Minnesota will help you determine the best type of coverage by comparing quotes from multiple carriers.
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Average Insurance Cost in Minnesota
Average insurance rates in Minnesota can vary depending on the type of insurance you are looking for. However, here’s what you can expect to pay for different coverage in Minnesota.
Type of InsuranceAverage Premium Rates
Car Insurance
$537
Homeowners Insurance
$1966
Business Insurance
$1191
Life Insurance
$639
Frequently Asked Questions
What is the average home insurance cost in Minnesota?
The average cost of home insurance in Minnesota is $1966.
How much does car insurance cost in Minnesota?
On average, car insurance costs $537 in Minnesota. We recommend that you consult with local insurance agents in Minnesota to get an accurate estimate for your requirements.
Which are the best insurance companies in Minnesota?
The best insurance companies in Minnesota are The General Insurance, Direct Auto Insurance, National General Insurance, Nationwide, Farmers Insurance,.