Homeowners Insurance in Minneapolis, MN

For a home at Minneapolis's median value of $362,200, we estimate about $2,245 a year — +13% versus the Minnesota NAIC average of $1,988.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. We are not an insurance company or agency. How we estimate

Estimated homeowners insurance cost in Minneapolis

Est. premium

$2,245

$187/mo · median home

Median home value

$362,200

Minnesota: $329,300

Median year built

1951

Census ACS

Owner-occupied

47.7%

of households

Hazard score

88.6

state ref. 81.0

Minneapolis's estimate reflects its home values (10% higher than the state median) and FEMA's hazard profile for Hennepin County. Many homes here are older, so roof age, wiring and plumbing updates can matter a lot at underwriting.

Natural hazard risk in Minneapolis

FEMA National Risk Index — Hennepin County
Hazard	Risk rating	Score (0–100)	Insurance impact
Hail	Very High	99.6	Comprehensive (car); roof claims (home)
Tornado	Very High	99.6	Comprehensive; dwelling
Hurricane	Not rated	—	Comprehensive; wind/hurricane deductibles (home)
Inland (river) flooding	Relatively High	98.0	Comprehensive; home needs a separate flood policy
Coastal flooding	Not rated	—	Comprehensive; home needs a separate flood policy
Strong wind	Very High	98.9	Comprehensive; dwelling
Winter weather	Very High	97.4	Collision (icy roads); frozen pipes (home)
Wildfire	Relatively Low	74.9	Comprehensive; dwelling
Earthquake	Very Low	49.8	Home needs a separate earthquake policy
Lightning	Relatively High	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 Minneapolis

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

Estimated annual premium

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Per month

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Homeowners insurance by ZIP code in Minneapolis

ZIP	Median home value	Owner-occupied	Est. premium
55407	$335,400	58.9%	$2,110
55406	$354,100	66.0%	$2,205
55414	$440,500	15.1%	$2,625
55408	$396,100	23.6%	$2,410
55418	$348,700	66.3%	$2,175
55419	$495,000	81.7%	$2,880
55404	$291,600	17.5%	$1,885
55411	$245,400	52.7%	$1,645
55417	$382,900	83.8%	$2,345
55412	$232,100	72.2%	$1,570
55410	$620,600	78.6%	$3,450
55403	$298,500	25.0%	$1,920
55405	$467,700	36.3%	$2,750
55413	$371,600	38.4%	$2,290
55401	$396,500	28.4%	$2,410
55409	$378,600	65.5%	$2,325
55454	$186,600	8.2%	$1,320
55415	$625,500	33.7%	$3,475

Homeowners insurance in Minnesota · Car insurance in Minneapolis · Insurance offices near Minneapolis

Frequently asked questions

How much is homeowners insurance in Minneapolis?

For a home at Minneapolis's median value of $362,200, we estimate about $2,245 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 Minneapolis?

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 Minneapolis affect insurance?

Yes. The median home in Minneapolis was built in 1951 (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.

Sources used on this page