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Iowa homeowners insurance: what you need to know

On average, home insurance in Iowa will set you back $1,583 per year or $132 per month. Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents such as wind damage, fire, theft, vandalism, and more.

Unlike auto insurance, home insurance is not governed by state legislation. Insurance policy costs by state vary depending on the number and value of homeowners claims made across the state, including Iowa, and depend on the value of the belongings and property you're covering.

Get an idea of homeowners insurance costs in Iowa via the below data. Your rates may vary, depending on your coverage limits.

 

Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage

 

The cheapest home insurance companies in Iowa

Prices for home insurance in Iowa vary depending on which insurance company you choose. Liberty Mutual provides the cheapest home insurance in Iowa, at just $811 each year. This compares favorably to the state average cost of $1,583, providing a $773 price cut on average statewide homeowners insurance costs.

Start searching for the lowest home insurance for you by reviewing the cheapest Iowa companies, listed below.

 

AFFORDABLE HOME INSURERS IN IOWA
Insurance CompanyAverage Yearly Rate in Iowa
Liberty Mutual$811
IMT$1,080
West Bend Mutual$1,223
Shelter$1,362
AAA$1,381

 

Iowa home insurance prices by coverage levels

How much you pay for home insurance coverage is greatly influenced by the level of coverage you choose. In Iowa, carrying $200,000 dwelling coverage costs an average of $1,207 per year, while maintaining coverage up to $400,000 costs as much as $2,020 per year.

 

POPULAR COVERAGE LIMITS IN IOWA
Coverage LevelAverage Annual Cost
$100,000 Dwelling$809
$200,000 Dwelling$1,207
$250,000 Dwelling$1,428
$400,000 Dwelling$2,020

 

Homeowners insurance deductibles in Iowa

Homeowners have numerous choices to make when deciding on a home insurance policy, including how high or low to set their deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible level you choose can change how much you pay in insurance premiums.

A good rule of thumb is: the lower your deductible, the higher your premium. As such, if you want to keep your insurance rates low, aim for a higher deductible. Remember: your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

Take a look at some of the typical deductibles offered by insurers and an approximation of what you can expect your premiums to be.

 

HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN IOWA
Deductible TierAverage Annual Homeowners Insurance Rate
$500$1,552
$1,000$1,428
$1,500$1,350
$2,000$1,272
$5,000$1,077

 

Iowa homeowners insurance costs by city

Not every city in Iowa has equal home insurance costs. Policy pricing may depend on city-specific variables, such as the number of claims filed in the immediate area, meaning your ZIP code could have a major impact on how much you pay.

The cheapest homeowners insurance in Iowa is found in Bettendorf. A typical home insurance term in Bettendorf totals just $1,352 per year — $231 less than the average homeowners policy in other Iowa cities. The below cities have the most affordable home insurance in Iowa.

 

CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN IOWA
CityAverage 12-Month Home Insurance Rate
Bettendorf$1,352
Davenport$1,364
Dubuque$1,373
Clinton$1,382
Marion$1,388

 

Home and auto insurance bundling in Iowa

If you want to save on homeowners insurance, consider buying your home and auto policies from the same insurance company. A home and car insurance bundle in Iowa can save you a substantial sum each month on car insurance. Purchasing bundled policies in Iowa leads to average annual savings of $100.

 

HOME AND AUTO BUNDLING DISCOUNTS IN IOWA

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$980$880$10011%

 


 

Iowa homeowners insurance FAQs

 

What are Iowa's non-renewal homeowners insurance laws?

There are no state laws that dictate non-renewal policy. Instead, it's specific to every individual insurance company. Typical non-renewal reasons are failure to pay you premium, claims history, or physical characteristics of your home or location than deem you too high risk for your insurance provider.

Does GEICO sell homeowners insurance in Iowa?

Yes - GEICO sells homeowners insurance in Iowa.

 


 

Natural disaster coverage in Iowa

 

Does homeowners insurance cover tornadoes in Iowa?

A tornado can hit with precious little warning. There is little one can do to get ready and the effects are usually devastating. As such, it's vital to protect your home against tornado damage in Iowa, which averages 49 tornadoes per year.*

Damage from tornadoes is typically caused by wind, so make sure your home insurance policy has windstorm protection, which is standard in most homeowners policies.

Wind protection covers the exterior and overall structure of the building. However, depending on the type of policy you have, damage to the building's interior may only be covered when it occurs as caused by exterior damage, like a window breaking. Detached structures on the property are also covered, typically about 10% of the home’s insured amount. Keep in mind that some losses caused by the storm may not be covered. For instance, if the storm that produced the tornado also causes flooding that damages your home, your home won't be covered unless you have specifically purchased flood insurance. Read more in our guide to High-Risk Homeowners Insurance.

*Source: NOAA'S National Weather Service

 

Does homeowners insurance cover flooding in Iowa?

Regardless of the cause, Flood damage is not covered by homeowners insurance policies. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

Find an affordable homeowners policy in Iowa today!

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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.