Best & Cheapest Homeowners Insurance in Des Moines, IA June, 2024

Residents of Des Moines can find the most affordable home insurance option with USAA. On average, USAA offers an annual quote of around $1,030 for home insurance.

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Updated: 05 May 2024
Written by
Bob Phillips
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After carefully reviewing home insurance options in Des Moines, Iowa, USAA stands out as the most cost-effective choice, offering an average annual rate of $1,030. However, it’s important to note that the best insurer for you can vary based on your specific needs.

For example, if you have a newly built home, USAA provides the most affordable coverage at $690 per year. For older homes, USAA remains competitive with an average yearly rate of $1,238 while offering comprehensive coverage.

On the flip side, if your credit score is lower, Travelers offers the most budget-friendly option with an average annual premium of $1,410. And if you have a history of claims, Auto-Owners offers a reasonable option at $1,466 per year.

Additionally, if you have valuable personal belongings that need protection, State Farm is a top choice, providing extensive coverage at a reasonable rate of $1,081 annually.

Our in-depth analysis at Insuranceopedia is designed to help you find the right fit for your home insurance needs. We compare customer ratings, evaluate personal experiences, and present comparison charts to give you all the information you need to make a well-informed decision.

How much is homeowners insurance in Des Moines, IA?

USAA offers the most affordable homeowners insurance in Des Moines, Iowa, with an annual cost of $1,030.

The homeowners insurance rates in Des Moines are below both the national average and the average rate for the state of Iowa, as indicated below.

Area Average Monthly Rate
National $1,820
Iowa $1,694
Des Moines $1,260

It’s important to recognize that insurance rates can vary significantly based on several factors and are not consistent across the board.

Cheapest Homeowners Insurance in Des Moines, IA

Our Methodology

To identify the most affordable home insurance rates in Des Moines, we conducted an analysis using data from various home insurance review platforms. These platforms collected rates from public filings obtained through Quadrant Information Services. We calculated an average of these rates for our review. However, it's important to note that the rates offered by each company can change frequently and may vary based on your specific circumstances. Additionally, our comprehensive assessment incorporates my personal perspective, leveraging fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

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Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest Homeowners Insurance in Des Moines, IA

USAA is the most budget-friendly option for homeowners insurance in Des Moines, Iowa, with an average annual rate of $1,030.

Company Annual Premium
USAA $1,030
Travelers $1,062
State Farm $1,070
Allstate $1,120
Auto-Owners $2,530

The cost of your insurance policy is influenced by various factors such as your location, the value of your home, and your claims history. USAA offers a good balance of affordability and comprehensive coverage, taking into account these factors to provide a competitive rate.

Cheapest Homeowners Insurance If You Have an Older Home

USAA provides the most affordable rates for older homes, with an average yearly cost of $1,238.

Insurance Company Average Annual Premium
USAA $1,238
Farmers $1,564
Allstate $1,970
Nationwide $2,106
Auto-Owners $2,340

Older homes can indeed present unique risks and maintenance challenges that may lead to higher insurance costs. Despite this, USAA offers competitive rates and comprehensive coverage designed to meet the specific needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

USAA offers the most cost-effective choice for newly constructed homes, with an average annual rate of $690.

Insurance Company Average Annual Premium
USAA $690
Allstate $720
Farmers $754
State Farm $801
Auto-Owners $1,690

Newly constructed homes often require different coverage compared to older ones, and USAA is known for offering affordable policies designed to meet these specific needs.

Cheapest Homeowners Insurance If You Have Poor Credit

Travelers offers the most budget-friendly solution for individuals with a low credit score, with an average annual rate of $1,410.

Insurance Company Average Annual Premium
Travelers $1,410
USAA $1,613
Allstate $2,384
State Farm $2,591
Auto-Owners $2,640

Your credit score plays a significant role in determining your insurance rates, as insurers use it to assess risk. Travelers understands the importance of providing fair coverage to everyone, regardless of their financial situation.

Cheapest Home Insurance for a History of Claims

Auto-Owners provides a budget-friendly solution for homeowners with a history of claims, offering an average annual rate of $1,815.

Insurance Company Average Annual Premium
Auto-Owners $1,815
Farmers $2,034
State Farm $2,370
Allstate $2,738
Nationwide $2,990

A history of claims usually signals higher risk for insurers, often leading to higher premiums. However, Auto-Owners believes in giving individuals with previous claims a second chance and offers reasonable rates to accommodate them.

Cheapest Home Insurance Rates for Lots of Personal Property

State Farm offers the most affordable rates for homeowners with a significant amount of personal property, averaging $1,081 annually.

Insurance Company Average Annual Premium
State Farm $1,081
Farmers $1,097
Allstate $1,130
USAA $2,160
Auto Owners $2,694

As the value of your personal property rises, your coverage requirements may also increase, potentially leading to higher premiums. However, State Farm offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected.

Best Homeowners Insurance Companies in Des Moines, IA

Choosing the right homeowners insurance is not just important; it’s a strategic choice. With Des Moines’s diverse housing and rich history, finding an insurance provider that offers comprehensive coverage at competitive rates is crucial.

To make your decision easier, we’ve put together a list of the top homeowners insurance companies in Des Moines, IA. These companies have been assessed based on criteria like annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Check out our comparison chart below to find the perfect fit for your home insurance needs.

Company Annual Premium
1. USAA $1,238
2. Farmers $1,564
3. Allstate $1,970
4. State Farm $1,060
5. American Family  $1,856
6. Nationwide $2,106
7. Auto-Owners $2,340

Average Home Insurance Rates by Zip Codes

The prices for home insurance in Des Moines, IA can vary greatly depending on the zip code. Below, you’ll find tables presenting the rates for different zip codes in Des Moines, including the least and most expensive ones for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
50309 $1,567
50310 $1,492
50314 $1,576
50315 $1,525
50320 $1,410
50311 $1,499

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
50320 $1,410
50311 $1,499
50310 $1,492
50312 $1,507

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
50314 $1,576
50315 $1,525
50309 $1,567
50317 $1,635

Average Home Insurance Rates in Des Moines, IA by Deductible Amount

Your choice of deductible for homeowners insurance in Des Moines, IA can have a notable impact on premium rates. Here’s a breakdown of how average home insurance rates change based on various deductible amounts:

Deductible Amount Average Annual Premium
$500 $1,836
$1,000 $1,656
$1,500 $1,428
$2,000 $1,207

Average Home Insurance Rates in Des Moines, IA By Coverage Amount

The dwelling coverage amount is a critical factor that influences your premium. It signifies the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Here’s a comparison chart displaying the average annual premiums for homeowners insurance based on varying dwelling coverage amounts:

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,343
$250,000 $1,550
$300,000 $1,846
$350,000 $2,008
$400,000 $2,134

Average Home Insurance Rates in Des Moines, IA by Company

Here’s a comparison of annual premiums from top insurance providers in Des Moines.

Company Annual Premium
USAA $1,238
Farmers $1,564
Allstate $1,970
State Farm $1,060
American Family  $1,856
Nationwide $2,106
Auto-Owners $2,340

How Much is Homeowners Insurance for Other Cities in Iowa?

Below is an in-depth comparison chart that showcases the most budget-friendly insurance companies and their annual premiums across various cities in Iowa.

City Annual Premium
Iowa City
$1,640
Davenport
$1,590
Sioux City
$1,742
Ankeny $1,530

Getting Online Homeowners Insurance Quotes in Iowa

Platforms like Insuranceopedia make it easy to find the ideal coverage for your specific needs. With quick online quotes from top-rated insurers, Insuranceopedia lets you compare rates effortlessly.

Simply enter your information, and we’ll provide you with a variety of customized options. This allows you to select a policy confidently, considering both cost and comprehensive coverage for the best value.

FAQs

Who has the cheapest home insurance in Des Moines, IA?

In Des Moines, Iowa, USAA provides the most economical choice for home insurance, with an annual premium of $1,030.

What is the average cost of home insurance in Des Moines, IA?

Typically, homeowners insurance in Des Moines, Iowa, has an average annual cost of approximately $1,260.

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