Best & Cheapest Homeowners Insurance in Iowa For April, 2024

Auto-Owners provides the most affordable homeowners insurance for homeowners in Iowa, offering an average annual quote of $835.

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Updated: 28 March 2024
Written by
Bob Phillips
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In our thorough evaluation of homeowners insurance providers in Iowa, Auto-Owners emerges as the most cost-effective option, with average annual rates of $835. However, it’s important to note that the best insurer for you may vary depending on your individual circumstances and needs.

For example, if your credit score has been impacted negatively, Nationwide stands out as the most affordable choice with an average annual premium of $1,490. Conversely, if you own an older home, Farmers excels with competitive rates of $1,227 per year and comprehensive coverage.

On the other hand, if you’ve recently purchased a newly constructed home, State Farm offers the most economical solution at $659 per year. And for those with a history of claims, Auto-Owners again provides an affordable and understanding option at $1,436 per year.

At Insuranceopedia, our thorough analysis aims to assist you in finding the perfect fit for your homeowners insurance needs. By comparing customer ratings, examining personal experiences, and providing comparison charts, we aim to equip you with all the information necessary to make an informed decision.

How much is homeowners insurance in Iowa?

Auto-Owners provides the most budget-friendly option for homeowners insurance in Iowa, with an annual rate of $835.

As indicated below, the rates in Iowa are slightly lower than the national average.

Area Average Monthly Rate
National $1,820
Iowa $1,694

It’s essential to recognize that insurance rates aren’t uniform and can vary significantly based on various factors.

For example, your individual driving history is crucial; having a record with traffic violations or accidents usually results in higher premiums compared to having a clean record. Additionally, the type and model of your vehicle are significant factors, as high-performance or luxury cars typically incur higher insurance costs.

Your location also impacts your rates, with densely populated urban areas often experiencing higher premiums due to increased risks of theft or accidents. Even factors like your age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in Iowa 2024

Cheapest Homeowners Insurance, Iowa, 2024

Our Methodology

To identify the most affordable home insurance rates in Iowa, we conducted an analysis of data from various home insurance review sites. Some of these sources analyzed rates sourced from public filings obtained by Quadrant Information Services. We've averaged those rates for this review, but it's important to note that each company's rates can fluctuate frequently and may vary depending on your specific circumstances. Additionally, our overall rating incorporates my subjective opinion, drawing from my fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Iowa

Auto-Owners stands out as the most budget-friendly choice for homeowners insurance in Iowa, offering an average annual rate of $835.

Company Annual Premium
Auto-Owners $835
Nationwide $967
Farmers $983
State Farm $1,439
Allstate $1,672

The cost of your insurance policy is influenced by various factors, such as your location, the value of your home, and your claims history. Auto-Owners provides a well-rounded combination of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have Poor Credit

For individuals with poor credit scores, Nationwide offers the most affordable solution, with an average annual rate of $1,490.

Insurance Company Average Annual Premium
Nationwide $1,490
State Farm $2,569
Allstate $3,420
Farmers $4,699
Auto-Owners $25,480

Your credit score plays a significant role in determining your insurance rates, as it is a key factor that insurers consider when assessing risk. Nationwide recognizes the importance of providing fair coverage to everyone, regardless of their financial history.

Cheapest Homeowners Insurance In Iowa If You Have an Older Home

For homeowners with older homes, Farmers provides the most affordable rates, averaging $1,227 per year.

Insurance Company Average Annual Premium
Farmers $1,227
Auto-Owners $1,349
Allstate $2,036
Nationwide $2,097
State Farm $2,382

Older homes often present unique risks and maintenance challenges, which can result in increased insurance costs. However, Farmers offers competitive rates and comprehensive coverage specifically tailored to address the needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’ve recently become the owner of a newly constructed home, State Farm provides the most affordable solution, with an average annual rate of $659.

Insurance Company Average Annual Premium
State Farm $659
Farmers $690
Allstate $731
Auto-Owners $765
Farm Bureau $890

Newly constructed homes often demand distinct coverage compared to older properties, and State Farm excels in offering affordable policies customized to meet these specific requirements.

Cheapest Home Insurance In Iowa for a History of Claims

For homeowners with a history of claims, Auto-Owners offers an affordable solution, with an average annual rate of $1,436.

Insurance Company Average Annual Premium
Auto-Owners $1,436
USAA $2,327
State Farm $2,380
Nationwide $3,240
Allstate $3,258

A history of claims can signal increased risk for insurers, typically resulting in higher premiums. However, Auto-Owners believes in giving second chances and provides reasonable rates for individuals with past claims.

Best Homeowners Insurance Companies in Iowa

Selecting the right homeowners insurance isn’t merely a necessity; it’s a strategic choice. Iowa’s homes, steeped in history, are as distinctive as its residents. Thus, securing an insurance provider that delivers thorough coverage at competitive prices becomes essential.

To streamline your decision-making process, we’ve assembled a list of the top homeowners insurance companies in Iowa. These companies have been evaluated based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Explore our comparison chart below to discover the ideal match for your home insurance requirements.

Company Annual Premium
Auto-Owners $835
Nationwide $967
American Family $970
Farmers $983
State Farm $1,439
Allstate $1,672
Farm Bureau $1,001
Amica $1,214

Average Home Insurance Rates in Iowa by Deductible Amount

The deductible amount selected for a homeowners insurance policy has a considerable impact on premium rates in Iowa. Here’s how the average home insurance rates vary with insurers for different deductible amounts:

Insurer Annual Rate for $500 Deductible
$500 $1,556
$1,000 $1,439
$1,500 $1,352
$2,000 $1,280
$5,000 $1,089

Average Home Insurance Rates in Iowa By Coverage Amount

One crucial factor that influences your premium is the dwelling coverage amount. This represents the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s delve into a comparison chart that outlines the average annual homeowners insurance premiums for various dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,217
$250,000 $1,430
$300,000 $1,689
$350,000 $1,876
$400,000 $2,030

Average Home Insurance Rates in Iowa by Company

Below is a table comparing the annual premiums from leading insurance providers in Iowa.

Company Annual Premium
Auto-Owners $835
Nationwide $967
American Family $970
Farmers $983
State Farm $1,439
Allstate $1,672
Farm Bureau $1,001
Amica $1,214

How Much is Homeowners Insurance for Other Cities in Iowa?

Here’s a detailed comparison chart highlighting the most affordable insurance companies and their annual premiums across different cities in Iowa.

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

Getting Online Homeowners Insurance Quotes in Iowa

With informative platforms like Insuranceopedia, discovering the best coverage for your specific needs is just a few clicks away. By offering fast online quotes from a variety of top-rated insurers, Insuranceopedia enables you to compare rates at a glance.

Simply input your details and let us handle the heavy lifting, presenting you with a range of options tailored to your requirements. This way, you can confidently select a policy that provides the best value, striking a balance between cost and comprehensive coverage.

 

FAQs

Who has the cheapest home insurance in Iowa?

Auto-Owners offers the most affordable home insurance in Iowa, with an annual premium of $835.

What is the average cost of home insurance in Iowa?

The typical annual cost of homeowners insurance in Iowa is around $1,694.

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