Home Insurance in Boyd, Minnesota
The median home value in Boyd is $27,500, 83% lower than the Lac qui Parle County median.
The median home in Boyd was built in 1939 or earlier. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 93% of homes were built before 1960, about 33 points above Lac qui Parle County's 60%.
The housing stock in Boyd is 95% single-family homes and 1% mobile or manufactured homes.
In Boyd, about 33% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Boyd has an owner-occupancy rate of 92% and a vacancy rate of 26%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Boyd - 80% - are primarily heated with natural gas.
Lac qui Parle County's top FEMA-rated hazard is winter weather (Relatively Moderate), per FEMA's National Risk Index. Lac qui Parle County had 3 active NFIP flood policies as of September 2026. See the full Lac qui Parle County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Minnesota carries a statewide average premium of $1,988 per year.
Key figures
| Median home value | $27,500 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 33% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Lac qui Parle County | 3 |
| 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)