Home Home insurance Renters insurance Renters insurance cost Iowa Des Moines, IA Average renters insurance cost in Des Moines, IA View Carriers Please enter valid zip Compare top carriers in your area Written by Insure.com's EditorPosted on: November 1, 2023 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. The average cost of renters insurance in Des Moines, IA is $189 per year (for insurance coverage of $40,000 in personal property coverage, $100,000 in liability coverage, and $1000 as deductible) — that’s $8 more than the state average of $181 a year.It can be higher or lower depending on the coverage options you choose and the amount of liability the policy provides. If you live in a rented apartment or home, you should consider buying renters insurance because it protects your personal belongings from damage caused due to covered peril such as fire or smoke damage, theft, vandalism, and other mishaps. We did a thorough analysis of renters insurance companies to find the most affordable options for Des Moines renters. Keep reading to find out the cheapest renters insurance companies in Des Moines.What is the average cost of renters insurance per month in Des Moines?On average, the cost of renters insurance in Des Moines is $16 a month. Renters in Des Moines pay these rates for the coverage limit of $40,000 personal property coverage, $1,000 deductible and $100,000 liability protection coverage.The renters insurance rates vary by city depending on your insurance provider and the coverage limits you decide. For example, renters in Des Moines pay $11 per month for personal property coverage of $20,000 and $1,000 deductible. However, if you decide to increase the personal property coverage limit to $40,000, you will pay $5 more than for renters insurance.Now, you’ll have to decide how much coverage you need and how much you can afford. However, it is recommended, if your personal belongings consist of expensive jewelry, furniture, and electronics, you should choose higher coverage limits.How much is average renters insurance in Des Moines by deductible?The renters insurance cost in Des Moines is $144 per year for a $500 deductible and $20,000 as personal property coverage. A deductible is an amount you agree to pay before your insurance company kicks in. If you increase your deductible limit, your insurance cost will go down. For instance, if the personal property coverage is the same, i.e., $20,000, but you increase your deductible limit from $500 to $1,000, you will pay $12 less every year for insurance.Below are the renters insurance rates for different personal property coverage and deductible amount.Deductible$20,000 personal property$40,000 personal property$60,000 personal property$500$144$207$267$1,000$132$189$243Note: These rates are specifically for the coverage of $100,000 liability protection.Read our guide to know what does renters insurance cover.Who offers cheap renters insurance in Des Moines?Your search for the cheapest renters insurance company ends here.West Bend Mutual offers the cheapest renters insurance in Des Moines at about $133 a year or $11 per month. According to Insure.com data analysis, Nationwide ranks second on our list followed by State Farm.Our experts at Insure.com evaluated renters insurance quotes from all the big and small insurance companies in Des Moines and put together a list of the most affordable insurance carriers. Below are the average annual and monthly rates of the cheap renters insurance companies across Des Moines, IA.(Note: USAA offers insurance only to members of the military, veterans and their immediate families.)Renters insurance providerAverage annual rateAverage monthly rateWest Bend Mutual$133$11Nationwide$139$12State Farm$144$12Auto-Owners$162$13Iowa Farm bureau$171$14IMT Insurance$213$18Allstate$243$20American Family$243$20Farmers$246$21MethodologyInsure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Des Moines, IA, for $40,000 personal property coverage, $100,000 liability coverage, and a $1000 deductible. 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