If you own a home in Minnesota, brace yourself: homeowner’s insurance premiums are expected to jump by 15% in 2025, In fact Minnesota is now among the top five states in the U.S. for projected insurance rate increases in 2025. That means the average homeowner will pay over $4,000 this year — an increase of $534 in just one year. (Minnesota insurance rates expected to go up 15% according to new report via Kare11.com).
2024 Average: $3,524
2025 Projected: $4,058
At Prokop Insurance Agency, we’re sounding the alarm early: Now is the time to review your policy! Whether you’re a new customer or have been with us for years. Let’s talk about locking in a better rate before your next renewal adjusts upward.
Why Are Rates Going Up?
Several key factors are driving this spike in insurance premiums in Minnesota:
- Extreme Weather Events: Over the past 3 years, Minnesota has been hit by 18 billion-dollar weather events, a dramatic increase from previous decades.
- Severe Hailstorms: Hail-related claims are a major cost driver, and they’ve become more frequent and more damaging.
- Rising Construction Costs: Since 2020, the cost to rebuild has soared 30% due to supply chain delays, labor shortages, and skyrocketing material prices.
These shifts are forcing insurers to reassess risk and raise rates to stay solvent. You might find it hard to believe but, Minnesota is projected to have the fifth highest price increase this year, behind Louisiana’s 27%, California’s 21%, Iowa’s 19%, and Hawaii’s 17%.
The Minnesota Commerce Department negotiates rate increases with insurance companies and because of rising rates several insurance companies are finding it hard to insure Minnesota without substantial rate increases. Some may leave Minnesota to avoid further losses.
Why You Can’t “Set It and Forget It” Anymore
Depending on your age, you might remember a time when insurance was relatively stable — rates barely changed from year to year, and your policy practically ran on autopilot. Unfortunately, those days are over. With so many new variables impacting rates — from climate shifts to construction costs — staying passive could cost you.
That’s where Prokop Insurance Agency comes in. With over 30 years of experience serving Minnesota families, we act as your partner in navigating this changing landscape. We have access to multiple insurance companies and can help you compare options, coverages, and pricing to find the best fit for your needs and budget.
Don’t Wait — Act Now Before Rates Reset
If you haven’t shopped your policy in over a year, chances are you’re leaving savings on the table.
✔️ We work with multiple top-rated carriers — not just one
✔️ Our team can reassess your coverage for savings opportunities
✔️ You may qualify for discounts based on home updates or bundling options
And for our current Prokop Insurance clients: if your policy renewal is approaching, contact us ASAP. This is your window to re-shop and potentially lock in lower rates before your next adjustment.
📅 Schedule a Policy Review Today
Don’t let rate increases catch you by surprise. Whether you’re looking to switch or want to ensure you’re getting the best rate possible, we’re here to help.
👉 Fill out our Quote form
📞 Schedule a Call at your convenience
The clock is ticking. Insurance rates are rising. Let’s make sure you’re protected without overpaying.