Coon Rapids Homeowners Insurance

Your Complete Guide to Coon Rapids, MN Homeowners Insurance

Find the right homeowners insurance policy for you.

More than 62,000 people live in Coon Rapids, Minnesota. With its affordable housing and low crime rate, this city is a great place to put down roots and raise a family. If you are among the proud homeowners in this Midwestern city, you will want to be sure to protect your investment with a reliable home insurance policy. 

When you are shopping for insurance for your Coon Rapids home, an independent insurance agent can help you find the best policy. Contact an agent near you to learn more.

How Much Does Homeowners Insurance Cost in Coon Rapids?

  • National yearly premium average: $1,173
  • Minnesota yearly premium average: $1,323
  • Coon Rapids yearly premium average: $1,098

Minnesota is the 13th most expensive state for home insurance. However, average rates in Coon Rapids are comparatively low, so with some savvy shopping, you can find an affordable policy that is right for you.

Your actual rates may be higher or lower that the averages shown above depending on a variety of factors such as the age, size and value of your home, the crime rate in the ZIP code where your house is located, and, sometimes, even your credit score

Often, if you bundle your home insurance with another policy like car insurance or life insurance, insurance companies will offer all your policies at lower rates. An independent agent in Coon Rapids can help you find the homeowners insurance policy that’s offered at the best rate.

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Burglary Rate in Coon Rapids, MN

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in MN: 3.37
  • Number of burglaries per 1,000 homes in Coon Rapids: 3.16

The burglary rate in Minnesota is lower than the national average, and in Coon Rapids, it is even lower. This is not to say that the threat is non-existent in this city. Residents of Coon Rapids report nearly 200 burglaries each year.

You can lower your risk of a burglary by keeping doors and windows securely locked, putting lights on timers when you are away, and making sure that the entryways to your house are well-lit and unobstructed from view. One of the most effective property crime deterrents is a burglar alarm. In many cases, having one installed in your home can earn you a discount on your homeowners insurance. 

If your house is burglarized, your home insurance company can compensate you for your losses. If necessary, you can ask your independent agent for assistance when you file a claim.

Catastrophic Events in Minnesota

Your home property insurance is divided into two parts: coverage for the structure of your home, and coverage for your personal property. You will want to be sure to have high enough coverage limits in each category so that you can afford to rebuild and replace if your house is destroyed by a catastrophic event like a structure fire or tornado.

  • Number of declared disasters in Minnesota: 60
  • Average number of tornadoes per year in Minnesota: 41.9
  • Average amount of property damage per year in MN: $897,178,000
  • 1 in 15 insured homes has a claim each year.

Your home insurance policy is designed to provide coverage against many of the hazards you are likely to face as a homeowner in Coon Rapids. However, it will not cover you against flood damage. If your house is at risk for flooding, your independent agent can help you secure a flood insurance policy through the NFIP.

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Liability Coverage for Coon Rapids Homeowners

In addition to insuring the structure of your house and the contents kept within it, your homeowners insurance policy also provides you with personal liability coverage. Homeowners liability insurance is designed to cover your legal defense fees, court costs, and damages if you are on the wrong end of a lawsuit.

This can prove essential, since homeowners have a number of liability risks. If a guest in your home is severely injured due to negligence on your part, or if your child or pet is responsible for injuries or property damage to others, your personal liability insurance can cover the associated costs. It can even cover you against charges of libel and slander.

You can learn more by talking to your independent insurance agent.

Second Home and Vacation Home Insurance

Some residents of Coon Rapids own more than one house. If you need to insure a property that is not your primary residence, there are additional risk factors that insurance companies will take into consideration. This can often lead to higher coverage rates.

Second homes that are occupied by tenants have higher liability risks and need to be covered by landlord insurance. Vacation homes that are left unoccupied and unattended for long periods have higher property damage risks and may need to be covered by vacant home insurance.

Your local independent insurance agent can identify the coverage needs associated with your additional property or properties, and can help you find the best and most affordable insurance to meet those needs.

Why Work with an Independent Insurance Agent?

Independent insurance agents make it easy for you to find the best homeowners insurance policy in Coon Rapids. Your agent can answer your insurance-related questions and can help you review your coverage limits and options. Find an agent near you to learn more and start comparing quotes.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com