insure logo

Why you should trust Insure.com

quality icon

Quality Verified

At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria.

Renters insurance costs in Iowa varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Iowa is $196 per year or $16 per month for coverage limits of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ.

Renters insurance companies in Iowa

West Bend Mutual offers affordable renters insurance in Iowa at an average annual rate of $134 followed by Nationwide and Iowa Farm bureau, based on Insure.com’s analysis.

But it’s smart to get multiple quotes for various renters insurance companies in Iowa because the prices vary a lot among carriers.

Below we have compared the average annual and monthly renters insurance rates of insurance companies across Iowa.

CompanyAverage annual rateAverage monthly rate
West Bend Mutual$134$11
Nationwide$141$12
Iowa Farm bureau$163$14
Auto-Owners$167$14
State Farm$181$15
IMT Insurance$215$18
Allstate$241$20
American Family$257$21
Farmers$268$22

Average cost of renters insurance in Iowa by coverage level

As we discussed above, in Iowa, the average cost of renters insurance is $196 per year, that’s $71 more than the national average. These rates are for the coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $142 per year for renters insurance in Iowa for $300,000 in liability protection and $1000 deductible.

Find below the average cost of renters insurance in Iowa for personal property coverage of $20,000 and $40,000.

Coverage levelAverage annual renters insurance rateAverage monthly renters insurance rate
20000$142$12
40000$196$16
60000$247$21

Most affordable ZIP codes for renters insurance in Iowa

How much Iowa renters pay for insurance majorly depends on the ZIP code they live in. 51243 is the most affordable ZIP for renters insurance in Iowa among all the ZIP codes analyzed, at about $190 a year on average.

Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Iowa.

ZipcodeAverage annual rateAverage monthly rate
51243$190$16
50334$203$17
50307$204$17
50940$206$17

Least affordable ZIP codes for renters insurance in Iowa

Your zip code, among other factors, affects how much you pay for renters insurance in Iowa. 50981 is the least affordable zip code for Iowa renters at an average cost of $206 a year or $17 monthly.

We have analyzed quotes from the major insurance carriers across all the zip codes in Iowa. Below are the average annual renters insurance costs by ZIP code.

ZipcodeAverage annual rateAverage monthly rate
50981$206$17
50396$204$17
50321$204$17
51654$202$17

Renters and auto bundle discounts in Iowa

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company.

Bundling policies can help you save an average of 15% per year in Iowa. Auto-Owners offers the cheapest rate on renters and auto insurance bundle, you can save 10% a year on your premiums.

CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savings
Auto-Owners$1,478$1,645$16710%
IMT Insurance$1,545$1,756$21112%
Allstate$1,668$1,869$20111%
State Farm$1,750$2,615$86533%
Nationwide$2,028$2,627$59923%
American Family$2,058$2,524$46518%
Farmers$2,255$2,747$49216%
Iowa Farm bureau$2,255$2,828$57320%
USAA$2,368$2,526$1586%

Final thoughts: Average renters insurance in Iowa

Renters insurance is a must-have for renters in Iowa. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price.

Methodology

Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Iowa. These rates include a coverage limit of $300,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none.

How much is renters insurance in other states

Alaska$192/Year
Alabama$250/Year
Arkansas$255/Year
Arizona$177/Year
California$224/Year
Colorado$143/Year
Connecticut$200/Year
Delaware$174/Year
Florida$245/Year
Georgia$234/Year
Hawaii$165/Year
Idaho$142/Year
Illinois$174/Year
Indiana$187/Year
Kansas$176/Year
Kentucky$149/Year
Louisiana$355/Year
Massachusetts$168/Year
Maryland$183/Year
Maine$136/Year
Michigan$253/Year
Minnesota$161/Year
Missouri$168/Year
Mississippi$288/Year
Montana$192/Year
North Dakota$126/Year
Nebraska$187/Year
New Hampshire$131/Year
New Jersey$148/Year
New Mexico$158/Year
Nevada$193/Year
New York$225/Year
Ohio$181/Year
Oklahoma$198/Year
Oregon$204/Year
Pennsylvania$186/Year
Rhode Island$389/Year
South Dakota$141/Year
Tennessee$212/Year
Texas$158/Year
Utah$153/Year
Virginia$177/Year
Vermont$142/Year
Washington$182/Year
Wisconsin$119/Year
West Virginia$184/Year
Wyoming$111/Year
Show more
author image
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.