Average homeowners insurance cost in Iowa

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Iowa homeowners insurance costs $2,642 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Iowa.

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

Homeowners insurance costs $2,642 a year in Iowa for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Iowa will increase to $3,217 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Iowa for 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

Homeowners insurance companies in Iowa determine rates based on risk factors. When calculating premiums, they consider your location, claims history, credit history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas 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 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

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

Home insurance costs vary across different areas in Iowa. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 52001 ZIP code has the lowest home insurance rates in Iowa, at $2,266 annually or $189 per month.

Here are the 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 plays a significant role in determining the cost of your homeowners insurance. In Iowa, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Iowa, 51501 has the highest homeowners insurance rates, at $3,106 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Iowa for homeowners 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 below data shows how much homeowners insurance rates have changed since 2019.

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

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get 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.