Statewide context
Minnesota homeowner premiums have risen meaningfully across every major industry survey since 2020. Statewide averages reported in industry sources put Minnesota's typical single-family home premium in the upper-middle of U.S. states — driven primarily by hail and convective storm exposure rather than catastrophic wildfire or hurricane risk.
What determines your specific premium
- Dwelling rebuild cost — the largest single factor
- Roof age, material, and condition
- Wind/hail deductible structure (flat, 1%, 2%)
- AOP deductible ($1,000 vs. $2,500 vs. $5,000)
- ZIP code-level loss experience
- Claim history on the property and household
- Credit-based insurance score
- Bundling with auto and other lines
- Endorsements selected (water backup, service line, etc.)
How to think about rate increases at renewal
A 10–20% increase in 2024–2026 is not, by itself, an anomaly. The more useful question is whether your current carrier is still the best fit on the dimensions that matter most: roof settlement, wind/hail deductible structure, and underwriting fit for your home age and condition.
Premium ranges by property profile (illustrative)
The following are illustrative ranges for new-business Minnesota policies. Your actual premium will depend on the factors above.
- $300K dwelling, newer suburban home, RC roof: typically lower-mid range
- $500K dwelling, 15-year-old roof, 2% wind/hail: mid range
- $700K+ dwelling, lake exposure, older roof: upper range
- Older urban home, mixed updates: highly variable based on plumbing/electrical/roof