Home Condo insurance Condo insurance cost How much does condo insurance cost in Iowa? How much does condo insurance cost in Iowa? The average cost of condo insurance in Iowa is $492 per year, with IMT Insurance offering the most affordable option at $167 annually. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani GiteShivani GiteShivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.VIEW FULL PROFILE | Reviewed by Nupur GambhirNupur GambhirEditor-in-ChiefNupur Gambhir is the editor-in-chief of Insure.com and a licensed life, health and disability insurance agent in New York with seven years of experience covering insurance. Her expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Balance, The Financial Gym and MSN. She holds a BA in Economics from The Ohio State University.VIEW FULL PROFILE | Expert insight from Brenda WellsBrenda WellsChair of the Department of Finance and Insurance at East Carolina University."The same factors that affect the rates on any other residential structure affect the rates on condominiums. The main things we look at in setting insurance rates are the buildings construction and safety features, the geographic location, and the occupancy or use of the property."Go to commentSee moreSee less | Updated onSeptember 29, 2026 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. For a deeper dive into our process, see our complete methodology. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. If you’re shopping for condo insurance in Iowa, you can expect to pay an average of $492 a year. However, you can save on your premiums by shopping around. IMT Insurance and West Bend Insurance Company offer the most affordable condo insurance rates in Iowa, with average premiums of $167 and $203, respectively. These quotes are for a policy that includes $60,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.Keep reading for a closer look at condo insurance costs in Iowa by company, coverage amount, and other key factors. Key Takeaways Condo insurance in Iowa costs an average of $492 annually or $41 a month.Condo owners in Iowa will find the most affordable insurance rates with IMT Insurance, West Bend Insurance Company, and State Farm.Shop around and compare your options to find the best condo insurance in Iowa. What insurance do condo and co-op owners need?Condo and co-op owners usually need two types of coverage: a master policy for the building and an individual policy for the unit owner. Master policy: Covers shared structures, common areas and building-owned property.Individual policy: Covers your belongings, liability, and any parts of your unit not protected by the master policy.Average cost of condo insurance in IowaThe average cost of condo insurance in Iowa is $492 per year, or about $41 per month. That’s based on a sample policy with $60,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.Condo insurance in Iowa costs $234 less than the national average of $726.Avg. Annual PremiumAvg. Monthly Premium$492$41Powered by:Compare condo insurance rates in Iowa by coverage levelCondo insurance rates depend on the coverage limits you select. For example, a policy with $60,000 in personal property coverage, $100,000 in liability protection, and a $1,000 deductible costs around $477 per year.If you increase the personal liability coverage from $100,000 to $300,000, your rates will increase to $492 a year.If you raise personal property coverage to $80,000 – while keeping liability at $100,000 and the deductible at $1,000 – you can expect to pay around $525 per year for condo insurance in Iowa.“Condo insurance provides a comprehensive and standardized package of coverages for the condominium owner. The insured gets coverage for both property and liability exposures, as well as assessment coverages. Assessments can result after a neighborhood association suffers damage to a piece of commonly owned property, such as the pool house or the leasing office,” says Brenda Wells, chair of the Department of Finance and Insurance at East Carolina University.How much condo insurance coverage you need will impact the price of your policy. Below, you’ll see rates for condo insurance in Iowa at various coverage levels so you know what to expect.Coverage levelAverage annual ratesAverage monthly rates$60,000 with $1,000 Deductible and $100,000 Liability and None Hurricane$477$40$60,000 with $1,000 Deductible and $300,000 Liability and None Hurricane$492$41$80,000 with $1,000 Deductible and $100,000 Liability and None Hurricane$525$44$80,000 with $1,000 Deductible and $300,000 Liability and None Hurricane$540$45$100,000 with $1,000 Deductible and $100,000 Liability and None Hurricane$570$47$100,000 with $1,000 Deductible and $300,000 Liability and None Hurricane$586$49$120,000 with $1,000 Deductible and $100,000 Liability and None Hurricane$607$51$120,000 with $1,000 Deductible and $300,000 Liability and None Hurricane$623$52Powered by:Average condo insurance cost from top companies in IowaCondo insurance rates vary by company. IMT Insurance offers the most affordable condo insurance rates in Iowa at an average annual cost of $167. It’s followed by West Bend Insurance Company at $203 and State Farm at $204.Below, you’ll see rates from the top condo insurance companies in Iowa.Company GroupAvg. Annual PremiumAvg. Monthly PremiumIMT Insurance$167$14West Bend Insurance Company$203$17State Farm$204$17Iowa Farm Bureau$259$22Allstate$443$37Nationwide$467$39Auto-Owners$476$40Farmers$717$60American Family$869$72USAA*$662$55*USAA is only available to military community members and their families.Powered by: Condo insurance cost by city in IowaWhere you live in Iowa also affects what you pay for condo insurance. Below are the average condo insurance rates for major cities in Iowa. The cheapest city for condo insurance in Iowa is Davenport at an average rate of $460.CityAvg. Annual PremiumAvg. Monthly PremiumDavenport$460$38Iowa City$477$40Cedar Rapids$483$40Waterloo$489$41Ames$499$42Ankeny$506$42Des Moines$509$42West Des Moines$510$42Council Bluffs$513$43Sioux City$515$43Powered by: Best condo insurance companies in IowaRates aren’t everything; you want a condo insurance company with a good reputation and strong customer service, too. We analyzed rates, customer service ratings and financial stability scores to find the best condo insurance companies in Iowa.State Farm tops the list of the best condo insurance companies with an overall rating of 4.82 out of 5. The insurer received an A+ rating from AM Best and a score of 1.15 from NAIC.Apart from State Farm, Auto-Owners and West Bend Insurance Company made it to the top three on our best condo insurance companies rankings, with an overall ranking of 4.80 and 4.77, respectively. Company groupAnnual premiumAM BestNAIC ratingInsure.com ratingState Farm$254A+1.154.82Auto-Owners$476A+0.394.80West Bend Insurance Company$203A0.434.77Allstate$449A+1.264.76Iowa Farm Bureau$323A0.484.73IMT Insurance$174A-0.564.67Nationwide$481A1.344.65Farmers$742A0.894.60American Family$929A1.074.54USAA*$713A++0.464.83*USAA is only available to military community members and their families.Powered by:Condo insurance rates can vary based on location, coverage limits and the insurer you choose. On average, you’ll pay $41 per month for condo insurance in Iowa, but your rate may be higher or lower depending on your situation. That’s why shopping around and comparing quotes from different insurers is important to get the best deal.What drives up condo insurance costs in Iowa?Condo insurance costs in Iowa are driven up by the risk of natural disasters, expensive repair costs, and a rise in overall insurance claims. Weather events and local construction costs play an especially big role in what condo owners pay for coverage. Knowing which disasters are most common in your area can help you choose the right coverage, whether that means raising your limits, adjusting your deductible, or adding protection for hazards like floods or earthquakes. In Iowa, the disasters most likely to affect condo owners – and your premium – include Cold wave, Strong wind and Winter weather. Check your policy before disaster season Standard condo insurance usually includes floods and earthquakes. If you’re in a flood zone, ask your insurer about adding separate coverage – waiting until a storm is forecast is too late, since many insurers pause issuing new policies once a named event approaches. Frequently asked questions Is condo insurance required in Iowa? No state law requires condo insurance. However, if you have a mortgage on your condo, your lender will require that you have a condo insurance policy. What affects condo insurance costs in Iowa? Condo insurance rates are affected by several factors, including where the condo is located, your credit history, how much coverage you need and claims history (both yours and the unit’s).“A condominium is an individual unit inside a structure filled with adjoining residential units. The same factors that affect the rates on any other residential structure affect the rates on condominiums. The main things we look at in setting insurance rates are the building’s construction and safety features, the geographic location and the occupancy or use of the property,” Wells says. How does the condo association’s master policy affect my insurance coverage? The master policy of your condo association generally covers the exterior of the building and common areas, but not your unit. Your condo insurance (HO-6) covers your unit’s interior and personal belongings and liability protection in case someone is injured inside your unit. What our expert says Q: What affects condo insurance rates? Brenda WellsChair of the Department of Finance and Insurance at East Carolina University. “The same factors that affect the rates on any other residential structure affect the rates on condominiums. The main things we look at in setting insurance rates are the buildings construction and safety features, the geographic location, and the occupancy or use of the property.” MethodologyInsure.com commissioned condo insurance rates from Quadrant Data Services for condo (HO-6) insurance policies in all 50 states and Washington, D.C. Rates were fielded for a condo insurance policy with coverage levels of $60,000, $80,000, $100,000 and $120,000 for personal property and at $100,000 and $300,000, with a $1,000 deductible.Rates were fielded from 34,598 ZIP codes and 129 companies and were based on a good credit tier where credit is used in calculating rates.For the best insurance companies rankings, if two companies received the same overall score, the company with the lower average rate was ranked higher and the second company was placed immediately after. Read more about our research standards and methodology.Condo insurance cost in other statesAlaska$524/YearAlabama$696/YearArkansas$874/YearArizona$1,051/YearCalifornia$1,015/YearColorado$1,116/YearConnecticut$656/YearWashington, D.C.$527/YearDelaware$457/YearFlorida$1,130/YearGeorgia$968/YearIdaho$601/YearIllinois$702/YearIndiana$687/YearKansas$588/YearKentucky$591/YearLouisiana$1,185/YearMassachusetts$1,315/YearMaryland$845/YearMaine$352/YearMichigan$694/YearMinnesota$589/YearMissouri$699/YearMississippi$654/YearMontana$495/YearNorth Carolina$711/YearNorth Dakota$319/YearNebraska$569/YearNew Hampshire$576/YearNew Jersey$527/YearNew Mexico$407/YearNevada$784/YearNew York$666/YearOhio$611/YearOklahoma$716/YearOregon$663/YearPennsylvania$637/YearRhode Island$560/YearSouth Carolina$813/YearSouth Dakota$473/YearTennessee$638/YearTexas$1,065/YearUtah$780/YearVirginia$635/YearVermont$236/YearWashington$709/YearWisconsin$646/YearWest Virginia$376/YearWyoming$287/YearShow more states No matches are found Shivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. You might find interesting Explore related topics Average homeowners insurance cost in IowaBest and cheapest homeowners insurance companies in IowaAverage renters insurance cost in IowaIowa homeowners insurance calculatorBest and cheapest companies for home and auto bundles in Iowa In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance premiums? Mobile home insurance: What it covers and how much it costs Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance How much flood insurance do I need? How to bundle home and auto insurance policies to save money Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? Do you have an emergency go-bag? What to pack and what insurance covers 1/1 Related Articles Homeowners insurance calculator: Estimate the cost of getting homeowners insurance By Alisha Ambre $400K home insurance cost calculator By Alisha Ambre Renters insurance calculator: How much renters insurance costs by state and city By Alisha Ambre Condo insurance calculator: Estimate how much condo insurance will cost you By Alisha Ambre Will your home insurance actually rebuild your house after a wildfire? By Maryalene LaPonsie Do you have an emergency go-bag? What to pack and what insurance covers By Maryalene LaPonsie On this page What insurance do condo and co-op owners need?Average cost of condo insurance in IowaCompare condo insurance rates in Iowa by coverage levelAverage condo insurance cost from top companies in IowaCondo insurance cost by city in IowaBest condo insurance companies in IowaWhat drives up condo insurance costs in Iowa?Frequently asked questionsWhat our expert saysMethodology ZIP Code Please enter valid ZIP See rates 1-833-708-6021