Renters Insurance Cost in Minnesota (2026 Average)
Minnesota renters paid about $139 a year on average in the NAIC 2021 baseline, about $31 less than the $170 US average. The state average is a useful baseline, but your quote will depend on your city, coverage limits, deductible, and claims history.
What drives Minnesota renters insurance costs
Minnesota renters paid about $139 a year on average in the NAIC 2021 baseline, about $31 less than the $170 US average.
Weather exposure is a major driver here: hail, winter storms, and severe weather drive claims.
Claim frequency and litigation also matter: claim frequency is moderate and litigation is less of a factor.
Replacement costs and carrier competition round out the picture: replacement costs in the Twin Cities run above the state norm, and many carriers compete in the upper Midwest market.
How Minnesota compares
| Location | Average annual premium | vs US average ($170) |
|---|---|---|
| Minnesota | $139 | −$31 |
| United States (national average) | $170 | baseline |
| Wisconsin | $112 | −$58 |
| Iowa | $115 | −$55 |
| South Dakota | $130 | −$40 |
A minus sign means the average is below the US average. Figures are the NAIC 2021 baseline; 2026 quotes run higher after inflation.
Next steps
Estimate your own premium
State averages only get you part of the way. Your real quote depends on your address, the coverage you choose, and your claims history.