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How to get affordable renters insurance in Iowa
Renters insurance is an optional — but important — product that works to keep your belongings safe in the event your rental property suffers damage from common incidents. A renters policy protects belongings from fire or smoke damage, a wind storm, theft, vandalism and a number of other misfortunes.
Unlike auto insurance, renters insurance isn't priced based on state-level legislation. Even so, there are sometimes substantial gaps in insurance pricing by state. Renters insurance prices by state vary depending on the value of — and total number of — renters policy claims filed across the state, and also on the price of the belongings you're insuring.
Getting a renters policy in Iowa is less expensive than the national average. The typical annual renters insurance rate in Iowa is $124, $61 less expensive than in other states.
The easiest way to acquire a cheap renters insurance policy in Iowa is to compare rates and consider policies from a variety of insurance companies. Learn renters insurance costs in Iowa via the below breakdown. Remember: your rates will vary, depending on your coverage limits and the valuation of your belongings.
- Rates by company
- Rates by city
- Rates by coverage level
- Bundling discounts
- Frequently asked questions
Rates for renters insurance in Iowa can vary depending on the insurance company you select. Iowa Farm Bureau provides the most affordable renters insurance in Iowa, at just $78 per year. This compares favorably to the state average rate of $124, providing a 37% price break on average policy costs statewide.
Start your search for renters insurance by reviewing the best Iowa insurance companies, listed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN IOWA
|Company||Average Annual Rate in Iowa|
|Iowa Farm Bureau||$78|
Not all Iowa cities have equal renters insurance rates. Policy rates rely on on city-specific variables, such as the number of claims filed in the immediate area, lending your ZIP code plenty of weight in deciding how much you pay.
The cheapest renters insurance in Iowa is available in Clinton. The average renters insurance policy in Clinton runs only $122 per year — $7 less than the average policy in other Iowa cities. Reference the below table to see the cheapest cities in Iowa for renters insurance.
CHEAPEST CITIES FOR RENTERS INSURANCE IN IOWA
|City||Average 12-Month Renters Insurance Rate|
Your renters insurance rates will vary depending on your coverage levels. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Iowa, the annual cost difference between these tiers is roughly $37. If you can afford the up-front expense, it's worth considering.
|Coverage Level||Average Annual Renters Insurance Rate in Iowa|
If you’re seeking ways to save on your insurance expenditures, consider purchasing your renters and auto policies from the same insurance company. A renters and car insurance bundle in Iowa can lead to substantial savings on auto insurance. Purchasing bundled policies in Iowa leads to a yearly savings of $87.
CAR AND RENTERS BUNDLING DISCOUNTS IN IOWA
|Avg. Annual Rate (No Bundle)||Avg. Annual Rate (w/ Bundle)||Annual Savings ($)||Annual Savings (%)|
Is renters insurance required in Iowa?
The state of Iowa will not require you carry renters insurance. Your landlord or property owner you are renting from might. However, it's generally inexpensive and a good idea to buy to protect your assets.
What does Iowa renters insurance cover?
A basic renters insurance policy in Iowa will typically include coverage for your contents, your liability, your additional living expenses, and any medical payments to others.
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 editorial 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.