Homeowners in Iowa can get the most affordable home insurance from Farmers, followed closely by IMT and Nationwide. Although USAA is the third-cheapest provider in Iowa, it only provides insurance for military members and their families.
The average home insurance rate in Iowa is above the national average. This makes it important to compare quotes from several companies to find your best, cheapest option. We put together this guide to help you choose.
In this article
What are Iowa's cheapest home insurance companies in Iowa
Farmers has the cheapest home insurance for the majority of homeowners in Iowa, at an average $133 a month. IMT is next, at $138, then Nationwide, at $179.
| Company | Average monthly premium |
|---|---|
| Farmers | $133 |
| IMT | $138 |
| USAA | $154 |
| Nationwide | $179 |
| Allstate | $180 |
| State Farm | $205 |
| Farm Bureau | $213 |
| American Family | $239 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much does home insurance cost in Iowa?
Iowa homeowners insurance costs an average of $180 a month. That's 13% more than the national average home insurance rate of $159 a month.
Home insurance companies take many factors into account when compiling a quote for you. These factors include:
- Your ZIP code
- The age of the house
- Construction materials used
- Your claim history
If you look at a standard home insurance policy, the offerings tend to be the same across most insurers. So why do different providers have different prices? That's because insurance companies weigh risks differently.
For example, one insurer may consider the age of your home a bigger claim risk than another company. If you compare homeowners insurance quotes from multiple providers side by side, you have a better chance of finding the best coverage at the cheapest price.
Your policy deductible also affects your home insurance rate. The higher your deductible, the lower your premium. The table below shows how the average home insurance rate in Iowa changes with different deductibles.
| Deductible | Average annual premium |
|---|---|
| $500 | $1,949 |
| $1,000 | $2,180 |
| $1,500 | $1,831 |
| $2,000 | $1,720 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your policy's dwelling coverage limit also influences your rate. When choosing a dwelling coverage amount, you want enough to rebuild your home after a total loss. The table below shows average home insurance rates in Iowa based on different dwelling coverage amounts.
| Dwelling coverage | Average annual premium | Average monthly premium |
|---|---|---|
| $200,000 | $1,621 | $135 |
| $350,000 | $2,301 | $192 |
| $425,000 | $2,666 | $222 |
| $500,000 | $3,027 | $252 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
See how much you could save on home insurance
Best homeowners insurance companies in Iowa
Farmers has the best average home insurance rate in Iowa. IMT is the best local provider.
Farmers: Best rates
$1,596 a year
$2,162 a year
26% cheaper than the state average
Cheapest rates in Iowa
Extensive discounts
Deductible decreases over policy lifetime
Below-average customer satisfaction rating from J.D. Power
IMT: Best local home insurance provider
$1,661
Competitive rates
Owned by policyholders
A (Excellent) Financial Strength Rating from A.M. Best
Must file claims by phone
Cheapest home insurance in Iowa by city
Of the 10 biggest cities in Iowa, Davenport has the most affordable average home insurance rate, at $1,868 a year. Council Bluffs has the highest rate, $2,620 a year.
| City | Average annual premium |
|---|---|
| Davenport | $1,868 |
| Iowa City | $1,883 |
| Dubuque | $1,899 |
| Ankeny | $1,909 |
| Cedar Rapids | $1,955 |
| Marion | $1,975 |
| Urbandale | $1,990 |
| Ames | $2,012 |
| Des Moines | $2,064 |
| Sioux City | $2,232 |
| Council Bluffs | $2,620 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Davenport
Farmers is the cheapest home insurance company in Davenport, at $1,590 a year, followed by Nationwide, at $1,607 a year. The average home insurance rate in Davenport is $1,868 a year.
| Company | Average annual premium |
|---|---|
| Farmers | $1,590 |
| Nationwide | $1,607 |
| Allstate | $1,646 |
| IMT | $1,653 |
| State Farm | $2,077 |
| Farm Bureau | $2,329 |
| American Family | $2,502 |
| USAA | $1,541 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Iowa City
IMT is the cheapest home insurance company in Iowa City, at $1,473 a year, followed by Farmers, at $1,496 a year. The average home insurance rate in Iowa City is $1,833 a year.
| Company | Average annual premium |
|---|---|
| IMT | $1,473 |
| Farmers | $1,496 |
| Allstate | $1,628 |
| Nationwide | $1,737 |
| Farm Bureau | $2,180 |
| State Farm | $2,205 |
| American Family | $2,686 |
| USAA | $1,657 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Dubuque
Farmers is the cheapest homeowners insurance company in Dubuque, at $1,323 a year, followed by Allstate, at $1,520 a year. The average annual home insurance rate in Dubuque is $1,899 a year.
| Company | Average annual premium |
|---|---|
| Farmers | $1,323 |
| Allstate | $1,520 |
| State Farm | $1,662 |
| IMT | $1,670 |
| Nationwide | $2,129 |
| Farm Bureau | $2,343 |
| American Family | $2,975 |
| USAA | $1,569 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Iowa by county
Of the 10 biggest counties in Iowa, Scott County has the cheapest average home insurance rate of $1,886 a year. Pottawattamie County is the most expensive, at $2,550 a year.
| County | Average annual premium |
|---|---|
| Scott | $1,886 |
| Johnson | $1,937 |
| Dubuque | $1,993 |
| Linn | $1,993 |
| Polk | $2,033 |
| Black Hawk | $2,055 |
| Story | $2,079 |
| Dallas | $2,106 |
| Woodbury | $2,242 |
| Pottawattamie | $2,550 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Frequently asked questions
Which home insurance company has the cheapest rates in Iowa?
Farmers has the cheapest home insurance rate in Iowa, at $133 a month. That's 26% cheaper than the statewide average.
Why is homeowners insurance in Iowa so expensive?
Due to its proximity to Tornado Alley, as well as being close to the Missouri and Mississippi Rivers, the risk of wind damage and flooding in Iowa is above average. Home insurance providers increase their rates to offset this risk.
Methodology
We collected quotes from every ZIP code in Iowa for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
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