Average renters insurance cost in Des Moines, IA

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Renters insurance in Des Moines, costs $197 per year for $40,000 in personal property, $300,000 in liability and a $1,000 deductible, which is $9 more than the state average of $188 annually.

Your renters insurance premium could be higher or lower depending on the coverage and liability limits you select. Purchasing renters insurance is a good idea, as it helps protect your personal property from damage or loss due to events like fire, smoke, theft and vandalism.

Want to know who has the most affordable rates? Here are the most affordable renters insurance companies in Des Moines.

Key Takeaways

The average cost of renters insurance in Des Moines is $197 annually or $16 monthly.
The cheapest option for renters in Des Moines is State Farm, offering coverage at $11 per month.
Renters can reduce their insurance costs by taking advantage of discounts, such as installing a security system or bundling policies.

What is the average cost of renters insurance per month in Des Moines?

The average monthly cost of renters insurance in Des Moines is $16, which is equals to the state average of $16. This rate is for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in Des Moines pay $11 monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by $5.

Higher coverage limits are recommended if you own valuable items like jewelry, furniture, and electronics.

How much is renters insurance in Des Moines by deductible?

Renters insurance in Des Moines costs $150 per year for a $500 deductible and $20,000 in personal property coverage.

Your deductible is the amount you agree to pay before your insurance coverage kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same (e.g., $20,000) but you increase your deductible limit from $500 to $1,000, you will pay $13 less every year for insurance.

Below are the renters insurance rates for different personal property coverage and deductible amounts.

Deductible	$20,000 personal property	$40,000 personal property	$60,000 personal property
$500	$150	$216	$279
$1,000	$137	$197	$254

Note: The liability protection coverage is $100,000.

Who offers cheap renters insurance in Des Moines?

Your search for the cheapest renters insurance company ends here.

State Farm offers the cheapest renters insurance in Des Moines at $126 a year or $11 per month. According to our data, West Bend Insurance Company ranks second on our list followed by Nationwide.

Below are the average annual and monthly rates of the cheap renters insurance companies in Des Moines.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$126	$11
West Bend Insurance Company	$134	$11
Nationwide	$140	$12
Auto-Owners	$145	$12
Iowa Farm Bureau	$170	$14
IMT Insurance	$213	$18
Farmers	$249	$21
Allstate	$259	$22
American Family	$274	$23

How to lower the cost of renters insurance

Follow these tips to reduce the cost of your renters insurance in Des Moines:

Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Des Moines provide discounts for bundled policies.

Increase your deductible. A higher deductible can lower your premium in Des Moines, but make sure you’re comfortable with the potential out-of-pocket costs if you file a claim.

Choose the right coverage amount. Review your renters insurance policy regularly to ensure you aren’t paying for unnecessary coverage, such as excess personal property coverage if you don’t own many valuables.

Avoid filing too many claims. Filing frequent small claims can increase your rates. It might be worth paying for minor damages out-of-pocket instead of using your insurance.
Compare quotes. Don’t accept the first quote you get. Shop around and compare renters insurance rates from different insurers in Des Moines to find the best deal.

Renters in Des Moines should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Des Moines in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and 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.