Who Has The Cheapest Renters Insurance Quotes in Iowa?

To see who in Iowa has the cheapest and most expensive renters insurance rates, we evaluated quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage). The results showed that the most expensive renters insurance rates were 17% higher than the cheapest. Since we used one sample property, the rates have comparative value, but are not indicative of what all tenants can expect to pay for their renters insurance. Read more below, or enter your zip code to begin searching for renters insurance quotes.

Cheapest Renters Insurance in Iowa

To find the cheapest renters insurance in Iowa, we examined Liberty Mutual, Farmers, Nationwide, Allstate, and State Farm. We studied quotes from these insurance providers for a 1,000 square-foot residence and found that State Farm offered the cheapest average annual rate of $136 for our sample property. This rate is 55% lower than the most expensive average annual rate provided by Liberty Mutual. Here are the average annual rate from the top providers of renters insurance in Iowa, ranked from most affordable to least affordable: 

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 State Farm $136
2 Allstate 155
3 Nationwide 166
4 Farmers 251
5 Liberty Mutual 306
Average 203

These rates were for a sample property. To find the best rates for yourself, we recommend that you look for quotes from multiple companies and compare them. 

Best Renters Insurance Rates in Iowa: by City

The five cheapest places for renters insurance in Iowa are all located in the northeast quater of the state. They also are all relatively similar in size (between roughly 15,000 and 58,000 residents). None are especially small or are major metropolises. The place with the cheapest renters insurance in the state was Ames, which had quotes that were 6.5% lower than the average for the state.

RankCityAverage Annual Rate% Difference vs State Average
1 Ames $190 -6.5%
2 Newton 192 -5.5%
3 Mason 192 -5.3%
4 Cedar Falls 193 -5.1%
5 Marion 193 -5.1%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Ames, IA

Located in the middle of the state, Ames has the best renters insurance. The city is located only about 30 miles north of the state capital, Des Moines, and is home to Iowa State University. In 2010, CNNMoney.com ranked Ames ninth on its list of "Best Places to Live." Ames has the cheapest renters insurance premiums in Iowa, where the cost to insure our study’s sample property is 6.5% lower than the state average.

Newton, IA

Newton also is located in central Iowa and has a population of more than 15,000 residents. It is home to home of Iowa Speedway, Maytag Dairy Farms and the annual Iowa Sculpture Festival. The Iowa Speedway is the only short track (it is 7/8 of a mile) west of the Mississippi owned by NASCAR. Renters insurance rates for our sample property in Newton were 5.5% lower than the average for the state.

Mason City, IA

With just under 30,000 residents, Mason City is a northern Iowa city centered on the Winnebago River that eventually became known as the “River City.” It has a diverse economy that includes the manufacturing, healthcare, finance and education industries. Tenants in Mason have the third cheapest renters insurance in the state and pay 5.3% less for renters insurance than the state average.

Cedar Falls, IA

Founded by William Sturgis and originally named Sturgis Falls, Cedar Falls has roughly 40,000 residents and is home to the University of Northern Iowa. Kurt Warner, who was a quarterback in the National Football League, is from Cedar Falls. He attended the University of Northern Iowa and was bagging groceries in the city before playing in the Arena Football League and going on to win a Super Bowl with the St. Louis Rams in the NFL. Renters insurance premiums 5.1% lower than the state average. 

Marion, IA

Between 2000 and 2010 the population of Mason grew from roughly 26,000 to nearly 35,000. It’s a thriving community that hosts a number of annual festivals, including the Marion Arts Festival - an event that showcases 50 artists from across the country. To insure the study’s sample rental property in Marion also costs 5.1% less than the state average.

Most Expensive Renters Insurance in Iowa

Unlike the best places for renters insurance in Iowa, the places with the most expensive renters insurance are located everywhere except the northeast region of the state. The top five most expensive places are relatively central to, and include, the capital of Des Moines. Fortunately, even the most expensive city is not much more than the state average. Premiums in Altoona are only 9.7% higher than the rest of the state.

RankCityAverage Annual Rate% Difference vs State Average
1 Altoona $223 9.7%
2 Carroll 221 9.1%
3 Des Moines 220 8.3%
4 Boone 219 8.1%
5 Pella 219 7.8%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Altoona, IA

The central Iowa city is home to about 15,000 residents and has the most expensive renters insurance in the state. The Prairie Meadows Racetrack and casino is popular among locals and tourists alike and the Adventureland amusement park is not far away in Des Moines. Renters insurance premiums for our sample property are 9.7% higher than the state average. 

Carroll, IA

The city of more than 10,000 is located on the Middle Raccoon River and was named after Charles Carroll of Carrollton, Maryland - the only Roman Catholic to sign the Declaration of Independence. The Sauk Rail Trail is a 33-mile trail in the city and a beautiful outdoor pursuit. Carroll also has a municipal golf course. Renters insurance premiums in Carroll are 9.1% higher than the state average. 

Des Moines, IA

The capital and most populous city in Iowa has more than 203,000 residents and has been referred to as the “Hartford of the Midwest” because of the companies headquartered there. Allied Insurance, Wellmark Blue Cross Blue Shield of Iowa, and American Republic Insurance Company all are headquartered in Des Moines, in addition to other companies. Renters insurance rates in Des Moines are 8.3% higher than the state average.

Boone, IA

Coal mining was a longtime important industry in Boone and brought the railroad through the city in the 19th century. Since then, the city has begun to offer both public and private loan options to attract and diversify business. Residents in Boone have renters insurance rates that are 8.1% higher than the rest of Iowa. 

Pella, IA

Pella was established in 1847 by 800 Dutch immigrants led by Dominee Hendrik P. Scholte. Today, it has more than 10,000 residents and is home to Central College. It also is home to a number of manufacturers such as Pella Corporation and Vermeer Manufacturing Company. The city of Pella has the fourth most expensive renters insurance rates in Iowa, with premiums 7.8% higher than the state average.

Average Cost of Renters Insurance in Iowa: by City

We gathered renters insurance quotes from five major carriers for 31 municipalities and census designated places across Iowa for our sample rental property to determine a mean rate for the state of $203. The results showed that the most expensive place in Iowa was 17% more expensive than the cheapest. The gap between the cheapest and the most expensive premiums is not a dramatic one. For example, the most expensive city in Delaware is only 7% more expensive than the cheapest, while the difference in the state of Texas is 74%. A state where the difference is extreme is California, where premiums in the most expensive place are more than 2x the cheapest.

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Iowa. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

RankCityAverage Annual Rate% Difference vs State Average
31 Altoona $223 9.7%
1 Ames 190 -6.5%
14 Bettendorf 195 -4.1%
28 Boone 219 8.1%
7 Burlington 193 -5.0%
30 Carroll 221 9.1%
4 Cedar Falls 193 -5.1%
10 Cedar Rapids 194 -4.6%
13 Clinton 194 -4.3%
20 Council Bluffs 202 -0.5%
17 Davenport 196 -3.7%
29 Des Moines 220 8.3%
6 Dubuque 193 -5.0%
16 Fort Dodge 195 -3.9%
25 Fort Madison 218 7.2%
19 Indianola 197 -2.8%
8 Iowa 193 -4.8%
22 Keokuk 217 6.8%
5 Marion 193 -5.1%
18 Marshalltown 196 -3.4%
3 Mason 192 -5.3%
9 Muscatine 193 -4.7%
2 Newton 192 -5.5%
21 North Liberty 216 6.5%
26 Oskaloosa 219 7.7%
15 Ottumwa 195 -4.0%
27 Pella 219 7.8%
12 Sioux City 194 -4.5%
23 Spencer 217 6.8%
24 Storm Lake 217 6.8%
11 Waterloo 194 -4.6%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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