The Best and Cheapest Home Insurance Companies in Iowa
IMT has Iowa's cheapest home insurance at an average rate of $636 per year, which is 45% cheaper than the state average.
Compare Home Insurance Quotes in Iowa
Best cheap home insurance in Iowa
On average, Iowa home insurance costs $1,167 per year. However, price is only one of many factors that you should use to determine what company is best for you. We collected thousands of quotes across hundreds of ZIP codes from Iowa's top homeowners insurance companies, comparing them in terms of cost, coverage benefits, customer service and reliability.
Cheapest home insurance quotes in Iowa
IMT has the cheapest home insurance rates in Iowa, at $636 per year or $53 per month, on average.
The average annual rate for home insurance in Iowa is $1,167. Rates in Iowa overall are 23% lower than the national average of $1,516.
Compare Home Insurance Quotes in Iowa
Cheap annual home insurance in Iowa
Best home insurance in Iowa for most people: IMT
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Editor rating
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Annual rate
$636 ?
Pros and cons
IMT offers the cheapest price in Iowa for home insurance on average, at $636 per year. Along with affordable rates, IMT has some of the highest customer service ratings in the state.
IMT does not offer online quotes for home insurance, so you'll need to contact an agent to get a quote instead. However, the benefits that come from working with IMT make it the best home insurance company in Iowa overall, including strong customer service, the guidance of a personalized agent and cheap rates.
While IMT does offer the standard coverages that you would expect of any home insurer, the company does offer a unique add-on bundle for properties worth at least $175,000, which includes:
- Bundling discounts for having multiple insurance policies with IMT
- Waived deductible for claims of more than $20,000, other than wind or hail claims
- Pet injury coverage up to $500 if your pet is injured because of a covered loss
- Payout of 25% more than policy limit for material costs and repairs after a natural disaster
Best local home insurance support: Pekin
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Editor rating
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Annual rate
$912 ?
Pros and cons
Pekin has an average annual rate of $912 for home insurance, 22% below the state average. With this cheap rate, Pekin offers the benefit of a local agent, who can help simplify the process of any claims you may need to file.
Along with affordable quotes, Pekin offers many standard discounts to help you save even more, such as bundling your auto and home, having a new home and paying your bill in advance. With such an affordable policy, most homeowners could also afford add-ons like replacement cost, water and sewer line and equipment breakdown coverage.
While Pekin does not offer the option to get an online quote, and the website offers minimal information, you can pay bills online.
Best national homeowners insurance: Farmers
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Editor rating
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Annual rate
$686 ?
Pros and cons
Iowa homeowners looking to go with a national brand can find a good deal with Farmers Insurance. The company has some of the cheapest home insurance rates in the state at $686 per year, 41% cheaper than the state average.
On top of this, Farmers offers a number of discounts, including discounts for bundling policies, having a new home or staying claim free.
Farmers offers three main tiers of coverage, and while you won't have many options for customizing your policy, each plan offers the standard coverage you'd expect, covering your dwelling and separate structures as well as loss of use and liability coverage. Each tier offers different levels of coverage, so you can get as little or as much protection as you want.
Farmers also offers good strong customer service, along with electronic filing for easy claims. For Iowa homeowners looking for solid coverage plans, strong customer service and the security of a national name, Farmers is a strong choice.
Best home insurance for military families: USAA
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Editor rating
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Annual rate
1,145 ?
Pros and cons
Homeowners in Iowa with military ties can get high-quality home insurance through USAA. USAA also has somewhat affordable rates at $1,145 — right around the state average.
While USAA is only available to military members and their families, standard home insurance policies through USAA offer the standard coverage you'd expect such as replacement cost, which pays to fully restore your home even if its value has gone down over time.
Military personnel can get customized coverage that can benefit them, such as a deductible waiver for your uniform while on active duty, as well as personal property protection that extends into war zones.
USAA has an outstanding customer service rating — one of the highest in the state and across the country, in fact. If you are eligible for USAA coverage, it is a great company for homeowners in Iowa.
Iowa insurance rates by city
Des Moines, the biggest city in Iowa, has home insurance rates that are 3% cheaper than the state average at $1,127 per year; Cedar Rapids, the second most populated city, is 9% cheaper than the state average.
The cheapest town in Iowa for home insurance is Brettendorf at $1,000 per year, while Crescent is most expensive at $1,522 per year.
City | Average annual cost | Difference from state average |
|---|---|---|
| Ackley | $1,126 | -4% |
| Ackworth | $1,155 | -1% |
| Adair | $1,267 | 9% |
| Adel | $1,124 | -4% |
| Afton | $1,279 | 10% |
Best home insurance companies in Iowa
Farm Bureau, IMT, Perkin and USAA have the best customer service ratings for home insurance in Iowa.
Each company has a low rate of customer complaints, indicating customers are generally satisfied with coverage. Farm Bureau and IMT are well known for having individual agents to handle your claims and guide you through the claim-filing process.
American Family, State Farm and Auto-Owners also have strong support ratings in the state.
Company |
Rating
|
|---|---|
| Farm Bureau | |
| IMT | |
| Pekin | |
| USAA | |
| Auto-Owners | |
| American Family | |
| State Farm | |
| Farmers | |
| Nationwide | |
| Allstate | |
| Travelers |
Most common homeowners insurance perils in Iowa: tornadoes and hail
Tornadoes and hailstorms pose the largest threat to homeowners in Iowa. Without preparing for potential damage, you could find yourself facing unexpected expenses.
Tornadoes
Iowa experiences more tornadoes than other parts of the United States, as the Great Plains region has frequent strong thunderstorms with tornadoes and hail.
Luckily, most homeowners insurance policies offer protection from wind damage, even when it's caused by a tornado. However, you should check to ensure that your policy covers rebuilding after a loss.
To make sure that you are covered and that your coverage is enough to match your home's value, take inventory of your property. You may also consider upgrading to replacement cost coverage if it's not included in your policy. That way, you'll receive compensation for the full value of your property rather than its depreciated value.
Hail
Iowa residents have to deal with hail multiple times a year. Fortunately, most home insurance policies include hail as a covered peril; however, if you live in an area that is prone to hail damage, you could see higher policy rates. Your insurance company may also restrict your ability to file a claim if the damage your home received is only cosmetic.
Many insurance companies offer home insurance discounts for reinforcing parts of your home that can be easily damaged by hail, such as your windows, roof or siding.
Frequently asked questions
How much is home insurance in Iowa?
The average cost of homeowners insurance in Iowa is $1,167 per year, slightly higher than the national average cost of home insurance, $1,516.
Who has the cheapest home insurance in Iowa?
IMT offers the most affordable rates for Iowa residents at around $53 a month, 45% cheaper than the state average.
Who has the best home insurance in Iowa?
IMT is the best for the majority of homeowners due to cheap rates, strong customer service and good general coverage. Pekin is our choice as runner-up for best home insurance thanks to affordable quotes and personalized service.
Methodology
To find the best home insurance in Iowa, we collected quotes from the top insurance companies in the state. We compared quotes for a typical home built in 1969 worth $147,800, which is the median home age and value of homes in Iowa according to the most recent data.
ValuePenguin's analysis uses insurance data from Quadrant Information Services. Quadrant's rates are publicly sourced from insurance filings and should be used only to compare — your own quotes might be different.
Home insurance ratings are based on National Association of Insurance Commissioners (NAIC) complaint data, J.D. Power customer satisfaction surveys and ValuePenguin's editorial ratings.
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.