New Report Shows Steep Rise In Minnesota Homeowners Insurance Premiums

CBS Minnesota

November 3, 2026

For Minnesota homeowners, protecting their biggest investment is becoming increasingly expensive.

A new report from the Insurance Federation of Minnesota finds average homeowners insurance premiums climbed from $1,313 in 2015 to $2,037 in 2023. And according to Julia Taliesin from Insurify, Minnesota has experienced the largest homeowners insurance premium growth in the country.

"Severe weather, primarily hail and thunderstorms, are definitely a main driver of the increase," said Taliesin, economic analyst at Insurify.

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