Average homeowners insurance cost in Iowa

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Iowa costs an average of $2,642 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Iowa by insurance company and ZIP code.

Key Takeaways

Homeowners insurance costs an average of $2,642 a year, based on our 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

In Iowa, the annual homeowners insurance cost is $2,642, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $3,217 in Iowa, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Iowa based on dwelling coverage limits 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

In Iowa, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer 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 wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Iowa using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Iowa. Based on the analysis, Auto-Owners received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher 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 offers the most affordable homeowners insurance in Iowa, at an average annual premium of $1,522, followed by Auto-Owners and American Family.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Iowa homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with 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

Insurance providers in Iowa factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Iowa, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Iowa

Not every area in Iowa has the same home insurance cost. How much you pay for homeowners insurance in Iowa depends on many factors, including your ZIP code. Our data shows that 52001 ZIP has low-cost home insurance rates in Iowa, at about $2,266 a year or $189 monthly.

Below you can find homeowners insurance rates for some of 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 data below shows how much homeowners insurance rates have changed since 2019.

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

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure 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.