Homeowners Insurance in Bloomington, MN
For a home at Bloomington's median value of $361,700, we estimate about $2,240 a year — +13% versus the Minnesota NAIC average of $1,988.
Estimated homeowners insurance cost in Bloomington
Bloomington's estimate reflects its home values (10% higher than the state median) and FEMA's hazard profile for Hennepin County.
Natural hazard risk in Bloomington
| Hazard | Risk rating | Score (0–100) | Insurance impact |
|---|---|---|---|
| Hail | 99.6 | Comprehensive (car); roof claims (home) | |
| Tornado | 99.6 | Comprehensive; dwelling | |
| Hurricane | — | Comprehensive; wind/hurricane deductibles (home) | |
| Inland (river) flooding | 98.0 | Comprehensive; home needs a separate flood policy | |
| Coastal flooding | — | Comprehensive; home needs a separate flood policy | |
| Strong wind | 98.9 | Comprehensive; dwelling | |
| Winter weather | 97.4 | Collision (icy roads); frozen pipes (home) | |
| Wildfire | 74.9 | Comprehensive; dwelling | |
| Earthquake | 49.8 | Home needs a separate earthquake policy | |
| Lightning | 90.3 | Fire and electrical damage |
Scores are national percentiles of FEMA's county risk (higher means more expected loss than most other U.S. counties).
Estimated premium by home value in Bloomington
| Dwelling value | Wood frame | Brick / masonry |
|---|---|---|
| $200,000 | $1,395 | $1,285 |
| $300,000 | $1,930 | $1,775 |
| $500,000 | $2,905 | $2,670 |
| $750,000 | $4,015 | $3,695 |
Home Insurance Estimator
Homeowners insurance by ZIP code in Bloomington
| ZIP | Median home value | Owner-occupied | Est. premium |
|---|---|---|---|
| 55420 | $328,400 | 67.0% | $2,075 |
| 55437 | $381,700 | 68.9% | $2,340 |
| 55431 | $373,500 | 67.4% | $2,300 |
| 55438 | $414,600 | 78.8% | $2,500 |
| 55425 | $339,500 | 33.0% | $2,130 |
Homeowners insurance in Minnesota · Car insurance in Bloomington · Insurance offices near Bloomington
Frequently asked questions
How much is homeowners insurance in Bloomington?
For a home at Bloomington's median value of $361,700, we estimate about $2,240 a year for a standard HO-3 policy with a $1,000 deductible. The Minnesota NAIC average is $1,988.
What are the biggest natural hazards in Bloomington?
FEMA's National Risk Index rates Hennepin County relatively high or very high for hail, tornado, inland (river) flooding, strong wind, winter weather, and lightning.
Does the age of homes in Bloomington affect insurance?
Yes. The median home in Bloomington was built in 1972 (Census ACS). Older roofs, wiring and plumbing can raise premiums or require inspections, while updates often earn discounts.
How we estimate this
We start from the NAIC average homeowners (HO-3) premium for Minnesota, scale it by the ratio of the dwelling value to the state median home value, adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for Hennepin County relative to the state. Results are rounded estimates, not quotes. Read the full methodology.
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner's Insurance Report: Data for 2023 (July 2026), Tables 4 and 5 (HO-3 and HO-4 average premiums)
- FEMA National Risk Index (Hennepin County)
- U.S. Census Bureau, American Community Survey (home values, year built, tenure)