Protect your family's home if something happens to you. Compare top carriers and average costs for Minnesota residents.
Mortgage protection insurance ensures your family can keep their home by paying off the remaining mortgage balance if you pass away. It provides peace of mind that your loved ones won't face foreclosure during an already difficult time.
Minnesota regulates insurance through the Department of Commerce. The state has a 10-day free-look period and strong suitability requirements for life insurance sales to seniors.
Minnesota has a population of 5.7 million with a median age of 38.3. Mortgage Protection insurance is designed for homeowners with active mortgages, with coverage typically ranging from $50,000 - $500,000.
Compare rates from top mortgage protection insurance carriers.
The table below shows estimated monthly premiums for mortgage protection insurance in Minnesota. Actual rates vary based on age, health, and coverage amount.
| Coverage Amount | Est. Monthly Premium |
|---|---|
| $100,000 | From $27/mo |
| $200,000 | From $46/mo |
| $300,000 | From $65/mo |
| $500,000 | From $103/mo |
* Rates are estimates for a healthy individual. Your actual rate may vary.
These are among the most popular and highly-rated carriers offering mortgage protection insurance to Minnesota residents:
Working with an independent agent like CoverMeOnline gives you access to quotes from multiple carriers so you can find the best rate.
Compare rates from top mortgage protection insurance carriers.
Yes, Minnesota has some of the most affordable life insurance rates in the country, partly due to the state's healthy population and competitive insurance market.
Minnesota is home to several major insurance companies including Securian Financial and Allianz Life, creating a competitive market that benefits consumers.
The Minnesota Department of Commerce oversees insurance regulation, requiring suitability assessments for seniors and providing a robust complaint resolution process.