Average homeowners insurance cost in Iowa

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Iowa is $2,642 a year.

Continue reading to learn more about homeowners insurance rates in Iowa by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $2,642 a year, based on Insure.com analysis.
Of all the ZIP codes in Iowa, 52001 has the most affordable home insurance rates at around $2,266 annually.
In Iowa, West Bend Insurance Company provides the most affordable home insurance at an average annual premium of $1,522.

Average home insurance cost in Iowa by coverage level

The average cost of homeowners insurance in Iowa is $2,642 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $3,217 per year for homeowners insurance in Iowa for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Iowa for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,011	$168
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,022	$169
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,642	$220
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,654	$221
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,217	$268
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,230	$269
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,377	$365
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,392	$366
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$6,709	$559
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$6,729	$561

Homeowners insurance companies in Iowa decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Iowa

It’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in Iowa by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Auto-Owners received the lowest NAIC score and an AM Best rating of A++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Auto-Owners	$1,858	A++	0.33	5
West Bend Insurance Company	$1,522	A+	0.42	4.99
IMT Insurance	$2,316	A	0.35	4.49
American Family	$2,315	A	0.37	4.45
Farmers	$3,081	A	0.54	3.55
Nationwide	$2,519	A+	0.87	3.4
State Farm	$2,426	A++	0.95	3.39
Allstate	$2,842	A+	0.9	3.11

Average homeowners insurance cost by company in Iowa

West Bend Insurance Company has the cheapest homeowners insurance rates in Iowa. Its average annual cost for Iowa homeowners is $1,522. Auto-Owners and American Family also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Iowa with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
West Bend Insurance Company	$1,522	$127
Auto-Owners	$1,858	$155
American Family	$2,315	$193
IMT Insurance	$2,316	$193
State Farm	$2,426	$202
Nationwide	$2,519	$210
Allstate	$2,842	$237
Farmers	$3,081	$257
Iowa Farm Bureau	$3,339	$278
USAA*	$2,811	$234

*USAA is only available to military community members and their families.

Iowa homeowners insurance rates by ZIP code

In Iowa, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Iowa. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Iowa

Homeowners insurance costs in Iowa can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 52001 area has the most affordable insurance rates, at $2,266 annually or $189 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Iowa.

ZIP code	Average annual rate	Average monthly rate
52001	$2,266	$189
52002	$2,268	$189
52073	$2,285	$190
52756	$2,291	$191
52039	$2,293	$191
52033	$2,294	$191
52053	$2,298	$191
52768	$2,299	$192
52003	$2,300	$192
52804	$2,307	$192

Most expensive ZIP codes for home insurance rates in Iowa

Your ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In Iowa, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

51501 has the most expensive homeowners insurance rates in Iowa at an average annual cost of $3,106.

Below, we’ve highlighted some of the most expensive ZIP codes in Iowa for home insurance:

ZIP code	Average annual rate	Average monthly rate
51501	$3,106	$259
51510	$3,100	$258
51542	$3,062	$255
51653	$3,038	$253
51649	$3,034	$253
51548	$3,033	$253
51639	$3,025	$252
51559	$3,018	$252
51576	$3,017	$251
51109	$3,008	$251

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Iowa by city

See rates in your city

Cedar Rapids

Davenport

Des Moines

Home insurance rate trend in Iowa

We analyzed home insurance rate trends in Iowa and found that homeowners insurance rates experienced an overall increase of 11% or $253, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

2019 rates	2022 rates	2023 rates
$2,137	$2,389	$2,642

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Iowa.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing 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.