Minnesota likes to be a national leader — but not when it comes to rising costs. A recent study released this month shows that Minnesotans are expected to face the fifth-highest increase in homeowners insurance rates nationally by the end of 2025.
Due to a number of complex and interconnected factors, many Minnesotans can expect to see homeowner insurance rates rise this year. We’ve seen many people run into rates that are rising by 20-50 percent or more.
That’s leaving many with significant sticker shock.
For Minnesota families, seniors on fixed incomes and first-time homeowners who are already trying to balance budgets and navigate rising grocery store prices, high interest rates, and the general increased cost of everyday living, this is another financial strain.
Many are left wonde