Home Insurance in New Germany, Minnesota
Homes in New Germany carry a median value of $258,000 - 43% lower than the Carver County median.
The typical home in New Germany was built around 1959. About 51% of homes were built before 1960, about 40 points above Carver County's 11%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In New Germany, the housing stock is 89% single-family homes and 1% apartments in buildings with 5+ units.
About 67% of owner-occupied homes in New Germany have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 88% of occupied homes in New Germany are owner-occupied.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In New Germany, 72% of homes are primarily heated with natural gas.
FEMA rates Carver County's overall risk as Relatively Low, led by strong wind (Relatively High). Carver County had 107 active NFIP flood policies as of September 2026. See the full Carver County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $258,000 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 88% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Carver County | 107 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)