Home Insurance in St. Paul, Minnesota
Understanding Home Insurance Costs in St. Paul
As the second-largest city in Minnesota and part of the Twin Cities metropolitan area, St. Paul shares many of the same weather risks as Minneapolis, which contribute to the cost of home insurance. The average home insurance cost in St. Paul is $1,770 per year, slightly lower than Minneapolis but still above the national average due to weather and housing factors.
Local Factors Impacting Home Insurance Costs in St. Paul
- Severe Winters: St. Paul experiences similar winter conditions to Minneapolis, with heavy snow and ice increasing the risk of property damage.
- Flood Risk: While inland, parts of St. Paul are close to the Mississippi River, making flood insurance worth considering for some homeowners.
- Older Homes: Like Minneapolis, St. Paul has a significant number of older homes that are more expensive to insure due to higher repair costs.
Home Insurance Rates by Home Age in St. Paul
The age of your home is one of the biggest factors influencing home insurance rates. Below is a breakdown of premiums by home age in St. Paul:
| Home Age | Average Annual Premium |
|---|---|
| 0-10 years | $1,570 |
| 11-25 years | $1,690 |
| 26-50 years | $1,820 |
| 51+ years | $2,010 |
Home Insurance Rates by Credit Tier in St. Paul
Your credit score plays a big role in determining your home insurance premium. Here’s a breakdown of how credit scores affect rates in St. Paul:
- Excellent Credit (750+): $1,630 per year
- Good Credit (700-749): $1,750 per year
- Fair Credit (650-699): $1,880 per year
- Poor Credit (Below 650): $2,150 per year
Cheapest Home Insurance Providers in St. Paul
Here are some of the cheapest home insurance providers in St. Paul:
| Provider | Average Annual Premium |
|---|---|
| Farmers | $1,660 |
| State Farm | $1,730 |
| Allstate | $1,790 |
| Liberty Mutual | $1,810 |
Home Insurance Rates by Deductible Amount in St. Paul
Raising your deductible can help lower your premium. Here’s a look at how different deductible amounts affect premiums in St. Paul:
- $500 deductible: $1,900 per year
- $1,000 deductible: $1,770 per year
- $2,500 deductible: $1,600 per year
Types of Homeowners Insurance in St. Paul
- HO-3: The most common homeowners policy that covers the home, personal property, and liability.
- HO-5: Provides more comprehensive coverage for both personal belongings and the structure of the home.
- HO-4: Renters insurance, offering personal property and liability coverage for tenants.
Additional Coverage Options
- Sewer Backup Coverage: Older homes in St. Paul may have plumbing systems prone to backups, making this a valuable coverage option.
- Flood Insurance: Homes near the Mississippi River or other bodies of water should consider this additional coverage.
- Ice Dam Coverage: St. Paul’s heavy snowfall can lead to ice dams, which may cause water damage to your home. This coverage is highly recommended for local homeowners.
Frequently Asked Questions (FAQs) about Home Insurance in St. Paul
- Is flood insurance required in St. Paul? It depends on your home’s location. If you live near the Mississippi River or in a flood-prone area, flood insurance is highly recommended.
- How does my home’s age affect my premium? Older homes generally cost more to insure due to higher repair costs and outdated building materials, leading to higher premiums.
Comparison of Home Insurance in Minneapolis vs. St. Paul
- Minneapolis: $1,800 average annual premium
- St. Paul: $1,770 average annual premium
Although both cities are close in proximity and share similar weather conditions, Minneapolis’s slightly higher population density and housing stock contribute to marginally higher insurance premiums than St. Paul.
Frequently Asked Questions About St. Paul Home Insurance
The average cost of home insurance in St. Paul is $1,770 per year in 2026, slightly lower than Minneapolis but still above the national average due to winter weather and housing factors.
St. Paul’s heavy snow and ice increase the risk of property damage, particularly roof and structural issues, which raises the cost of homeowners insurance.
Raising your deductible lowers your premium. In St. Paul, a $500 deductible averages $1,900/year, a $1,000 deductible averages $1,770/year, and a $2,500 deductible averages $1,600/year.
St. Paul and Minneapolis share similar weather conditions and are close in average premiums, at $1,770 and $1,800 per year respectively in 2026. Minneapolis’s slightly higher population density and housing stock push its premiums a bit higher.
- About the Author
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Autumn Cafiero Giusti is a licensed life and health insurance broker and award-winning journalist with more than 20 years of experience. She writes extensively about flood, Medicare, home, and life insurance for publications like U.S. News and CBS News.
