Homeowners Insurance in Iowa

Shopping for homeowners insurance doesn’t need to be complicated. Compare rates from Iowa by city and insurance company below.

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How to get cheap homeowners insurance in Iowa


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. Homeowners insurance protects your house and property against a variety of misfortunes, such as wind damage, fire, theft, vandalism, and more.

Unlike auto insurance, home insurance is not governed by state legislation. That said, major discrepancies exist in homeowners insurance costs from state to state. Insurance policy costs by state vary depending on the number and value of homeowners claims made across the state, and depend on the value of the belongings and property you're covering.

The easiest way to find an affordable homeowners insurance policy in Iowa is to shop around and compare rates from multiple companies. Get an idea of homeowners insurance costs in Iowa via the below data. Your rates may vary, depending on your coverage limits.


Iowa homeowners insurance:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage amount
  4. Rates by deductible amount
  5. Bundling home and auto insurance
  6. FAQs


Home insurance prices in Iowa by company

Prices for home insurance in Iowa vary depending on which insurance company you choose. Liberty 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 cheap home insurance by reviewing the cheapest Iowa companies, listed below.


HOMEOWNERS INSURANCE RATES IN IOWA: BY CARRIER
CompanyAverage Yearly Rate in Iowa
Liberty$811
IMT$1,080
West Bend Mutual$1,223
Shelter$1,362
AAA$1,381


Iowa home 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.


AFFORDABLE CITIES FOR HOME INSURANCE IN IOWA
CityAverage Yearly Home Insurance Rate
Bettendorf$1,352
Davenport$1,364
Dubuque$1,373
Clinton$1,382
Marion$1,388


Average homeowners insurance costs in Iowa by coverage amount

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.


HOMEOWNERS INSURANCE RATES IN IOWA — COMMON COVERAGE TIERS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$809
$200,000 Dwelling$1,207
$250,000 Dwelling$1,428
$400,000 Dwelling$2,020


Compare Homeowners Insurance Rates


Home 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


Save by bundling home and auto insurance 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 INSURANCE BUNDLING SAVINGS IN IOWA
Avg. Yearly Auto Insurance Rate (No Bundle)Avg. Yearly Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$980$880$10011%


Bundling home and auto policies is a great way to save. Get started today!



Iowa home 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 premium, claims history, or physical characeristics 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.


Home insurance and 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.

*Source: NOAA'S National Weather Service (https://www.spc.noaa.gov/gis/svrgis/)


Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.