Minnesota Homeowners Insurance Coverage | Farmers Insurance

Minnesota Homeowners Insurance Coverage

Whether you own a three-bedroom in the Twin Cities or a winterized cabin on one of Minnesota’s 11,000+ lakes, with a Farmers Smart Plan Home® policy you can choose quality coverage for your Minnesota lifestyle today, with many ways to help you save.

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Is homeowners insurance required in Minnesota?

No, homeowners insurance is not required by law in Minnesota. However, in order to get a home loan, your mortgage lender will likely require you to obtain a certain amount of insurance coverage.

What does homeowners insurance cover in Minnesota?

Every policy is different, but home insurance policies in Minnesota typically come with several standard coverages.

  • Dwelling (Coverage A). This coverage helps you pay for damage to your home from a covered event, such as a fire, windstorm, lightning or hail.

  • Other structures (Coverage B). This coverage is intended to help cover structures that aren’t connected to your home, like a fence or shed.

  • Personal property (Coverage C). This coverage helps you repair or replace your personal belongings if they are stolen or damaged.

  • Loss of use, or additional living expense coverage (Coverage D). This coverage can help you pay to stay somewhere else if your home is uninhabitable due to covered damage.

  • Personal liability (Coverage E). This coverage helps pay for accidental property damage or injuries you cause through negligence.

Typical home insurance policies in Minnesota cover damage caused by events such as:

  • Fire
  • Vandalism and theft
  • Lightning strikes
  • Wind
  • Hail
  • Explosions
  • Falling objects
  • The weight of snow or ice

Flooding, a common risk in parts of Minnesota, is not covered. However, special flood insurance through the National Flood Insurance Program (NFIP) may be available. 

Home insurance coverage options in Minnesota

Farmers® gives you multiple options for covering your home and personal property. You can customize your policy to suit your lifestyle and dwelling type:

  • Single-family home
  • Condo
  • Mobile or manufactured
  • Seasonal or vacation
  • Rental property
  • Older home

Learn more about Smart Plan Home coverage

How much does homeowners insurance generally cost in Minnesota?

The average premium for home insurance coverage in Minnesota is $1,481 per year1, according to a 2020 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). That’s more than the national average of $1,311 a year, according to same report. However, insurance costs in most states have changed since then. Also, the amount you pay may be different, depending on things like the value of your home, how much personal property you want to cover, what deductible you choose and risks specific to your area.

Minnesota home insurance discounts

Farmers offers a variety of savings opportunities for eligible home insurance customers in Minnesota, including:

  • Multi-policy
  • Protective devices
  • Non-smoker

See more information and additional discounts that may be available in Connecticut.

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More coverage options in Minnesota



Learn From Experience

Read real-life stories about insurance, renovations, home safety and more from pros and homeowners like you.


When outside forces — think: inflation, natural disasters, supply chain issues, rising construction costs — impact either (or both) of those factors, it can explain why rates may be increasing. But there are steps you can take to help keep your costs down. 


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Generally, if the cause is sudden and accidental — if an appliance or bathroom fixture springs a leak or a storm blows a tree through your roof and rain pours in — the typical homeowners insurance policy covers resulting water damage. 


1 Based on average premium for HO-3 type open perils homeowners policies.