Average homeowners insurance cost in Davenport, Iowa

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In Davenport, homeowners pay an average annual rate of $2,312 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible). It’s $270 less than the national average of $2,582 .

Homeowners insurance rates change from one home to another. The home insurance premium in Davenport depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Davenport, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Davenport.

Key Takeaways

In Davenport, homeowners insurance costs $2,312 annually.
West Bend Mutual offers the most affordable homeowners insurance in Davenport with an average annual premium of $1,372 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $527 higher.

Average homeowners insurance cost per month

Residents of Davenport pay an average of $193 per month for homeowners insurance. This is $27 less than the state average of $220 and $22 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Davenport can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Davenport, IA, homeowners pay an average of $1,785 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Davenport

According to a rate analysis by Insure.com, homeowners in Davenport pay an average of $2,312 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $527 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Davenport by company

After comparing several homeowners insurance companies, West Bend Mutual offers the lowest rates in Davenport. Its average annual rate for homeowners in Davenport is $1,372 , while Auto-Owners is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Davenport and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Davenport and their average annual premiums.

Home Insurance Company	Annual rate
West Bend Mutual	$1,372
Auto-Owners	$1,490
Nationwide	$1,935
State Farm	$2,077
American Family	$2,225
IMT Insurance	$2,341
Farmers	$2,780
Iowa Farm bureau	$2,935
Allstate	$2,574
USAA*	$2,350

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

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Iowa that can impact your home insurance

Living in Iowa comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Iowa is commonly affected by Cold wave, Strong wind and Winter weather.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Davenport for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.