Best cheap homeowners insurance in St. Paul

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With its many parks and quaint neighborhoods, St. Paul is a great city to call home. If you are one of the 50.3% of residents who own their own home, you know the benefits of a solid homeowners insurance policy — especially when fierce winter storms come around.

Those winter storms are part of the reasons why insurance costs are high in the city: an average of $1,909 a year for a $250K dwelling. This is above the Minnesota average of $1,785, and even more above the national average, which is $1,312. We looked at the carriers who are selling the most policies in the city with lots of coverage options and good rates to determine who was writing the best cheap home insurance in St. Paul.

Best cheap home insurance companies St. Paul

To find the best cheap homeowners insurance in St. Paul, we looked first at companies that are writing policies for less than the city’s average rate. We assessed customer service by looking at reviews from consumer watchdog agencies such as J.D. Power. We also looked at optional add-ons, or endorsements, that allow you to customize your policy, as well as discounts that save you money over time.

Home insurance company Average annual premium for $250K liability J.D. Power customer satisfaction score
Auto-Owners $1,042 843/1,000
Farmers $1,374 814/1,000
AAA $1,406 820/1,000
American Family $1,470 821/1,000
Travelers $1,886 803/1,000


Auto-Owners wins our top vote by offering both the lowest average rate of any of our finalists as well as the highest score with J.D. Power. That means that you should be able to get a competitive premium rate while also having a positive experience in your interactions with the company.

Auto-Owners has several endorsements available, including those that are geared toward high-value homes. These include its Homeowner Plus endorsement, which provides increased coverage limits for common claims. The company also offers more discounts than most — a dozen, which can get your rate even lower.

Learn more: Auto-Owners Insurance review


Farmers is another company that offers reasonable home insurance in St. Paul. Its average premium is $1,374 — more than $500 below the city’s average insurance cost. As far as customer service goes, J.D. Power rates it in the middle of the pack, indicating that you will most likely receive friendly and professional service when making a claim.

Farmer offers some less-than-common endorsements, including one that will give you an extra $25,000 when you rebuild if you use green construction methods. Discounts include one for members of certain professions, such as first responders, military members and engineers.

Learn more: Farmers Insurance review


Triple-A is known for its roadside service options for auto owners, but less well known is the fact that the company offers robust homeowner policies at a great price point to residents of St. Paul. Although you do not need to be an AAA member to get a quote, you may be eligible for extra discounts if you are.

Other discounts include bundling, new homeowners, and senior citizens — which is fairly uncommon and makes AAA worth looking at for those who are older. The company also offers a few optional endorsements, such as umbrella coverage to increase your liability, as well as earthquake and flood coverage.

Learn more: AAA Insurance review

American Family

AmFam is another great place to go for a cheap home insurance quote in St. Paul. With a good ranking from J.D. Power, you should have no problems dealing with company representatives if paying your bill or filing a claim.

The company offers optional endorsements for equipment breakdown, sump pump and water backup, matching siding protection, and credit theft protection — an increasingly common add-on with the rise in identity theft in the U.S. Discounts include newer home, renovated home systems, and a generational discount if your parents are policyholders.

Learn more: American Family Insurance review


In addition to below-average rates for home insurance in St. Paul, Travelers is known for the high level of customization you can achieve with your policy. Add-ons can cover jewelry and valuable items, personal articles such as electronics or sports equipment and green home coverage that helps you rebuild to higher standards.

There are also multiple ways to save with Travelers. Standard discounts such as bundling, a home buyer discount and a protective device discount are joined by a green discount, which saves you 5% if you have a green home.

Learn more: Travelers Insurance review

St. Paul home insurance recommendations

Homeowners insurance is not required by Minnesota, unlike auto insurance. If you have a mortgage, however, your lender may require it. The most common type of homeowner insurance is the HO-3 policy, and it includes liability as well as coverage for your home, other buildings, and the property itself from a list of named perils, which includes wind, hail and winter snow damage. Here are some optional coverages for you to consider:

  • Flood insurance: Even if you don’t live near the river, you may experience flooding from a smaller pond or even a drainage ditch. Optional flood insurance may be worth having — ask your agent if you are in a flood zone.
  • Valuable items: Your property is covered, in general, with an HO-3 policy. However, if you own valuable items such as artwork, jewelry, electronics or sports equipment, you may need additional coverage to be fully protected up to the value of these items.
  • Water backup or sump pump discharge: If you have a sump pump in your home, consider this endorsement. It will cover damages from a water overflow from your sump pump or drains within your home.

Home insurance discounts in St. Paul

Discounts are your best ally when looking for inexpensive homeowners insurance in St. Paul. Almost every insurer offers at least a few. Here are some common ones.

  • bundling: Most insurers give you a break in price if you have more than one policy with the company. A common bundle is home and auto.
  • New home: Newer homes generate fewer claims, so insurers will often reward their owners with a small discount if the house is less than a certain number of years old.
  • Protective devices: smoke detectors, sprinkler systems and home security systems will all generally net you a reduction in your premium.
  • Loss-free: If you have not filed a claim for a certain number of years — usually three to five — you may earn a discount or a diminished deductible.

Each of these discounts may only amount to a small benefit, but if you are eligible for several, you may save significantly on your premium costs.

Frequently asked questions

What is the best home insurance company?

The best insurance company is the one that gives you the best service at the lowest price, with the greatest range of services and discounts. The best home insurance company varies from person to person, so your best plan is to get several quotes from top companies to see who offers you the most.

How much does home insurance in St. Paul cost?

The average rate in St. Paul is $1,909 a year for $250K of protection. Your own costs will vary. Insurers take multiple factors into their determination of premiums, including the age and condition of your home as well as its location, and your own age and credit rating.

How much home insurance do I need in St. Paul?

Ideally, you want to have enough home insurance so that you can rebuild if a disaster should strike and destroy your home — such as a fire. What this number will be is related to construction costs in your area, rather than the market value of your home. Your insurance agent can help you determine the best number.


Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and homes in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2021 Quadrant Information Services data.

Written by
Mary Van Keuren
Insurance Contributor
Mary Van Keuren has written for insurance domains such as, and for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including and Prior to that, she worked as a writer in academia for several decades.
Edited by
Loans Editor