Best condo insurance companies in Minnesota

In Minnesota, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, scores, and ratings from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for major insurance companies in Minnesota. Below are the best condo insurance companies in Minnesota based on Insurance.com’s analysis.

CompanyAnnual premiumAM Best ratingNAICInsurance.com rating
Secura Insurance$259A0.14
5.0
Western National Mutual$327A0.13
4.9
Automobile Club MI (AAA)$302A0.29
4.7
American Family$777A0.37
4.6
Auto-Owners$379A++0.33
4.6
Country Financial$549A+0.26
4.2
North Star Mutual$296A+0.72
4.1
Allstate$310A+0.90
3.8
State Farm$373A++0.95
3.6
Farmers$655A0.54
3.4
Data updated in 2024
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Average cost of condo insurance in Minnesota

The average cost of condo insurance in Minnesota is $423 a year or $35 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average annual premiumAverage monthly premium
$423$35
Data updated in 2024
Read our methodology

Condo insurance calculator

Average condo insurance rates in Minnesota
Please enter valid zip code
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000

Most & least expensive ZIP codes for condo insurance in Minnesota

Most expensive

ZIP codeCityHighest rate
55404Minneapolis$473
55402Minneapolis$473
55403Minneapolis$473
55401Minneapolis$473

Least expensive

ZIP codeCityLowest rate
56520Breckenridge$385
56446Eagle Bend$385
56316Brooten$385
56325Elrosa$385
Data updated in 2024
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Condo insurance rates in Minnesota by coverage level

Based on a rate study by Insurance.com, Secura Insurance provides the lowest condo insurance rates in Minnesota based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.

North Star Mutual is the next cheapest option, offering low-cost condo insurance in Minnesota at $296 per year. However, rates vary by coverage level.

The table below shows condo insurance rates from several top companies at various coverage levels.

Company$40,000 contents/$100,000 liability$40,000 contents/$300,000 liability$60,000 contents/$100,000 liability$60,000 contents/$300,000 liability$80,000 contents/$100,000 liability$80,000 contents/$300,000 liability$100,000 contents/$100,000 liability$100,000 contents/$300,000 liability
Secura Insurance$206$222$243$259$277$293$304$320
North Star Mutual$254$265$285$296$334$345$413$424
Automobile Club MI (AAA)$243$249$296$302$335$341$368$374
Allstate$226$261$276$310$327$361$375$410
Western National Mutual$299$309$317$327$348$358$380$390
State Farm$318$323$368$373$407$412$444$449
Auto-Owners$327$332$373$379$424$430$475$481
Country Financial$438$448$539$549$636$646$726$736
Farmers$541$555$641$655$738$752$836$850
American Family$655$662$770$777$890$897$1,009$1,016
Data updated in 2024
Read our methodology

Condo insurance rates by company in Minnesota

Rates for condo insurance by company in Minnesota vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Minnesota. The cheapest company for condo insurance in Minnesota is Secura Insurance. North Star Mutual, and Auto Club Group - ACG (AAA), are the second and third cheapest options.

CompanyAverage annual rateAverage monthly rate
Secura Insurance$259$22
North Star Mutual$296$25
Automobile Club MI (AAA)$302$25
Allstate$310$26
Western National Mutual$327$27
State Farm$373$31
Auto-Owners$379$32
Country Financial$549$46
Farmers$655$55
American Family$777$65
Data updated in 2024
Read our methodology

Compare condo insurance rates by city in Minnesota

Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Minnesota.

CityAnnual insurance premium
Blaine
$401
Bloomington
$414
Brooklyn Park
$416
Duluth
$391
Lakeville
$410
Minneapolis
$435
Rochester
$370
St. Paul
$424
Data updated in 2024
Read our methodology

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.

Compare Minnesota condo insurance rates with other states

Alabama
$655/year
Alaska
$930/year
Arizona
$892/year
Arkansas
$801/year
California
$767/year
Colorado
$883/year
Connecticut
$646/year
Delaware
$407/year
Florida
$962/year
Georgia
$872/year
Hawaii
$413/year
Idaho
$499/year
Illinois
$614/year
Indiana
$590/year
Iowa
$435/year
Kansas
$482/year
Kentucky
$476/year
Louisiana
$1,093/year
Maine
$362/year
Maryland
$642/year
Massachusetts
$669/year
Michigan
$651/year
Mississippi
$765/year
Missouri
$485/year
Montana
$486/year
Nebraska
$542/year
Nevada
$620/year
New Hampshire
$502/year
New Jersey
$484/year
New Mexico
$408/year
New York
$656/year
North Carolina
$882/year
North Dakota
$373/year
Ohio
$573/year
Oklahoma
$1,071/year
Oregon
$633/year
Pennsylvania
$657/year
Rhode Island
$581/year
South Carolina
$569/year
South Dakota
$389/year
Tennessee
$616/year
Texas
$1,007/year
Utah
$668/year
Vermont
$289/year
Virginia
$548/year
Washington
$616/year
West Virginia
$373/year
Wisconsin
$527/year
Wyoming
$272/year
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