Mon, Jan 16th, 2023 - 3:31pm
June 01, 2022 - 7:22am | By Kyle Cornell
(Minneapolis, MN) -- Damaging storms are causing financial issues for homeowners in Minnesota.
A new analysis by Bankrate.comĀ ranks the state the fourth-worst in the country for homeowners insurance. The study shows the average cost of homeowners insurance for a policy with 250-thousand dollars in coverage tops 17-hundred dollars a year. The rate is 500-dollars more than the national average.
Insurance agents say severe weather across the seasons in Minnesota contributes to the low ranking.