Get Stillwater, MN Home Insurance Rates!

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Questions about your home in Stillwater:

How many people live in Stillwater?
The total city area population for Stillwater, MN is around 18,225.

How many total housing units?
The total homes in the city of Stillwater is 13,333 housing units.

What is the average Stillwater household income?
The average income in the Stillwater area is around $100,290.

How much do the homes in Stillwater cost on average?
The average cost of a home in Stillwater is estimated to be around $347,100.

What do Stillwater homeowners pay on average for home insurance coverage?
Home insurance cost around $1,481 per year on average in the Stillwater area, this average is based on a $200K real estate value with a standard HO-3 policy. We help you compare rates and coverage options so you can review the best rate and policy for your home.

What is a basic home insurance policy in Stillwater cover?
A standard homeowners insurance polciy in Stillwater, MN is commonly known as an HO-3 policy that covers damage from all perils except those that are not covered or excluded from your coverage, exclusions are clearly documented and writting within your policy. For example, flood or earthquake coverage is not part of a standard HO-3 policy.

I live in the old part or historical district of Stillwater, can I get insurance for my home?
Older homes in Stillwater can be covered, your agent will shop policies under the HO-8 policy guidelines which will allow you to review multiple quotes from carriers that specialize in insuring older houses.

From the questions above, you can understand that a Stillwater homeowners insurance policy can be complicated. We are here to help you shop the best home insurance prices and answer any questions you have about which homeowners policy is best for you. Get Stillwater home insurance rate quotes today!

Compare Homeowners Insurance Rates in Stillwater, MN!

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Average Rates Nearby Stillwater

Are you looking for homeowners insurance in a city near Stillwater? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Stillwater, MN

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Stillwater.

55082,

Stillwater, MN Home Insurance Average Premiums

Local Stillwater, MN home insurance quotes comparison

$858 /yr.

Shows Stillwater's lowest average rates with discounts applied.

For the city of Stillwater, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$858 /yr.
Average Coverage:	$1108 /yr.
2600 sq. ft. or higher (all discounts applied)	$1408 /yr.

What is the average home insurance cost for a home in Stillwater, MN?

• The average homeowners insurance premium paid annually for a home in Stillwater is around $1108 per year.

What does it cost on average per month for home insurance in Stillwater, MN?

• Homeowners in Stillwater pay an average cost per month around $92.00 for insurance coverage.

Stillwater, MN - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$420,134	$405,189
February	$418,800	$409,262
March	$419,031	$414,812
April	$420,158	$420,862

Homeowners insurance will help cover the cost to repair or replace your Stillwater home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Stillwater
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Stillwater, MN homeowners insurance rates all in one place!

Saving Money Tips on Stillwater Home Insurance

A great way to save money on Stillwater homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Stillwater area? Check out what homeowners are paying on average for Minnesota homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
900 ft.	This is the average home elevation in Stillwater, MN	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Minnesota flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Stillwater, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Washington County.

Minnesota Homeowners Insurance News & Information

Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024
Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]
Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024
While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states. In most states, insurers are allowed to consider credit scores when setting […]
The Best Way to Check the Financial Strength of Home Insurance Companies Posted on Wednesday 3rd April, 2024
If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it. A.M. Best is a credit rating […]
Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024
A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase. Currently, a Broward commissioner is asking Congress to pass legislation he claims […]
North Carolina Coastal Home Insurance Rates Posted on Friday 29th March, 2024
North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]

Stillwater, MN Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Stillwater so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Stillwater, MN?

- The average square footage in Stillwater is around 1,846 Sq. Ft. which would cost you around $347,100 to replace the home if you base the home on the price to build per square foot of $188.

Minimum Replacement Cost Total: $347,100

Location: Stillwater, Minnesota (Washington County)

Average Building Cost Per Square Foot in Stillwater: $188 (low end)

Average Square Footage in Stillwater: 1,846 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$188	$347,100
Some Additional Upgrades	$235	$433,875
Major Home Updates or Advancements	$282	$520,650

Calculate Your Stillwater, MN Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($188) in Stillwater, Minnesota times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $587,500 (Media price to build of $235 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.