Get Cold Spring, MN Home Insurance Rates!

If you are looking for a new homeowners insurance policy or are just shopping for a lower premium, you are at the right place. Our website helps Cold Spring residents compare up to 12 competitive rate quotes based on price and coverage options. Our top-rated carriers in Cold Spring will make sure your home is fully protected at a price you can afford.

One of the biggest advantages of our site is the hassle-free quoting process. We can help you shop a wide variety of insurers quickly. Let us help you review and compare Cold Spring home insurance rates today, enter your Cold Spring zip code to start a free online quote or give us a call now.

A Few Facts about Cold Spring, MN Home Insurance Rates

In Minnesota, the average price of a standard homeowners policy comes in around $1,481 a year which breaks down to a pretty affordable $$123 a month. Minnesota tends to fall in the middle when it comes to homeowner insurance rates.

While homeowner insurance rates in Cold Spring tend to be fairly affordable, we can help you lower your premium even further. Our site can help you save up to 40% or more on your premium while making sure you are fully covered.

At some sites, low premiums mean reduced coverage levels and lesser-known insurance companies. We only shop national insurance companies that offer high quality policies that will fully protect your home and property. Our free consulting process allows you to view all the enhanced coverage features, deductible options plus home insurance credits.

Home prices in Cold Spring and insurance coverage

In Cold Spring, the average house price comes in at a very affordable $212,600. When it comes to protecting the structure of your home, the dwelling portion of a homeowners policy will step up to repair or replace your home if it is damaged by a covered peril. Dwelling coverage is not the only protection a homeowners policy offers. Here is a brief overview of the various coverages homeowners insurance provides:

Dwelling: The dwelling portion of your policy protects the structure of your home against covered perils up to your coverage limits. It will pay to repair or rebuild your home if it is damaged or destroyed.

When it comes to dwelling coverage, it is important to remember that the replacement value (dwelling coverage) is different than the market value of your home. In other words, the cost to replace your home is not the same price you would get if you wanted to sell your home, because the cost of the land does not need to be factored into the replacement cost.

Use our Home Insurance Calculator to get a Cold Spring, MN replacement value estimate

Personal Property: A homeowners policy will protect your personal property as well. Personal property coverage is usually capped at 50% of your dwelling coverage so if you are carrying $300,000 in coverage on your home, your personal property coverage will be capped around $150,000.

When it comes to your personal property you should always keep an up-to-date inventory of your personal possessions. This can be extremely helpful if you have to make a claim on your policy. There are numerous apps that make this process easier.

Liability: The liability portion of a Cold Spring homeowners policy will help cover medical and legal bills if a guest is injured at your home. It will also cover injuries or property damage that you are responsible for, as an example, if your child puts a baseball through the neighbor’s window, your liability coverage will pay to replace it.

Flood and Earthquake coverage: A standard homeowners policy will exclude coverage for flood and earthquake damage so if your home is at risk of flooding or earthquake damage you will need to purchase a separate policy to be fully protected.

For Flood Insurance Quotes, Please Call Us at 888-620-1954!

Ready to start shopping for a new policy? Simple enter your zip code, answer a few simple questions about your home and we will shop a variety of insurance companies to help you find the best coverage at an affordable premium.

Compare Homeowners Insurance Rates in Cold Spring, MN!

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

Average Rates Nearby Cold Spring

Are you looking for homeowners insurance in a city near Cold Spring? 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 Cold Spring, MN

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

56320,

Cold Spring, MN Home Insurance Average Premiums

Local Cold Spring, MN home insurance quotes comparison

$853 /yr.

Shows Cold Spring's lowest average rates with discounts applied.

For the city of Cold Spring, 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)	$853 /yr.
Average Coverage:	$1103 /yr.
2600 sq. ft. or higher (all discounts applied)	$1403 /yr.

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

• The average homeowners insurance premium paid annually for a home in Cold Spring is around $1103 per year.

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

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

Cold Spring, MN - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$331,943	$316,661
February	$332,304	$320,969
March	$334,474	$326,216
April	$336,824	$331,324

Homeowners insurance will help cover the cost to repair or replace your Cold Spring 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 Cold Spring
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 Cold Spring, MN homeowners insurance rates all in one place!

Saving Money Tips on Cold Spring Home Insurance

A great way to save money on Cold Spring 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 Cold Spring 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
1128 ft.	This is the average home elevation in Cold Spring, 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 Cold Spring, 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 Stearns County.

Minnesota Homeowners Insurance News & Information

Homeowners Now Use This Strategy To Save Money on Home Insurance. Is It a Good Idea? Posted on Wednesday 26th March, 2025
According to a new Market Watch article, homeowners who are struggling with the cost of higher homeowner insurance premiums are making the move to policies with higher deductibles to help lower their costs. While this strategy may work for some, it is not the best idea for everyone. Data from the Intercontinental Exchange (ICE) showed […]
Florida Homeowners With Insurance Are Struggling to Get Claims Paid – Why? Posted on Wednesday 19th March, 2025
According to a recent Moneywise article, homeowners with insurance coverage in Florida are struggling to get claims paid. Chad Zalva, a single dad in Riverview, Florida, was cited as an example in the article as a homeowner who is carrying homeowners insurance but was recently surprised to learn that the damage to his home from […]
2025 List of States Where Finding Home Insurance Is Most Difficult and Why Posted on Tuesday 11th March, 2025
Homeowners insurance is a necessity if you own a home, particularly if you are currently carrying a mortgage. Mortgage lenders require homeowners insurance to protect their investment in your home by always carrying homeowners insurance. If your insurance is cancelled or you are non-renewed it can be a huge problem. As wildfires and major windstorms […]
Will Citizens Policyholders See a Home Insurance Rate Decrease? Posted on Tuesday 11th March, 2025
Recently, Gov. Ron DeSantis announced that over 20% of Citizens property insurance policyholders will see a premium decrease of roughly 5.6%. DeSantis also claimed that almost 73% of homeowners who have a policy with Citizens in Miami-Dade County will see a rate reduction of 6.3% on average. The state-run insurer, Citizens Property is finally shedding […]
Can $600 Million Help Lower Florida Homeowners Insurance Rates? Posted on Friday 14th February, 2025
Family relax on the couch. Happy beautiful young parents are smiling, hugging and playing with them kids at home together Governor DeSantis recently asked the legislature for over $600 million to help lower homeowners insurance in his 2025-26 budget request. The budget proposal asks for $590 million to go towards the My Safe Florida Home […]

Cold Spring, MN Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Cold Spring 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 Cold Spring, MN?

- The average square footage in Cold Spring is around 1,131 Sq. Ft. which would cost you around $212,600 to replace the home if you base the home on the price to build per square foot of $188.

Minimum Replacement Cost Total: $212,600

Location: Cold Spring, Minnesota (Stearns County)

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

Average Square Footage in Cold Spring: 1,131 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$188	$212,600
Some Additional Upgrades	$235	$265,750
Major Home Updates or Advancements	$282	$318,900

Calculate Your Cold Spring, MN Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($188) in Cold Spring, 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.