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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best homeowners insurance companies in Iowa for 2024

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict  editorial integrity, this post may contain references to products from our partners. Here’s an explanation of  how we make money. Our content is backed by Coverage.com  LLC, a licensed entity (NPN: 19966249). For more information, please see our  Insurance Disclosure.

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Bankrate's insurance editorial team — which includes experienced property and casualty agents — took a deep dive into the world of Iowa homeowners insurance to help you make the best decision for your own policy. Individuals pay an average home insurance cost in Iowa of $1,881 per year, which is less than the national average of $2,151 per year.

Bankrate's team looked at average annual rates, third-party rankings and the breadth of coverage options and discounts available from each insurer to identify the best homeowners insurance in Iowa. The companies that came out on top are as follows.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

This content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Compare the best homeowners insurance companies in Iowa

The annual average rate for Iowa home insurance is $1,881, which works out to roughly $157 a month. Several of Bankrate’s insurance editorial team’s choices for the best Iowa homeowners insurance have average rates that are below the state’s. However, your exact premium is based on multiple factors that are unique to you and your property, from your credit history to the neighborhood where you live.

We looked at a range of indicators in selecting the best Iowa homeowners insurance companies. Average rates, as provided by Quadrant Information Services, played an important role, but so did third-party rankings for customer service from J.D. Power and financial strength ratings from AM Best. We also reviewed available coverage options and discounts and considered the user-friendliness of carriers’ websites and apps. Our analysis is reflected below in our proprietary Bankrate Scores on a scale from 0.0 to 5.0.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Bankrate's trusted insurance industry expertise

The home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

The top 5 home insurance companies in Iowa

Best for digital tools

4.2

4.2

Avg. premium for $300K dwelling

$156/mo

Avg. premium for $300K dwelling

$1,868/yr

Customer satisfaction

809/1,000

Why Allstate made our list: While Allstate has local agents available throughout the state, it also features a robust array of digital tools, including a highly-rated smartphone app and a user-friendly website, both of which allow you to manage your policy online. The website features informational articles that may help you understand Iowa homeowners insurance better, and there are handy features like a tool that lets you enter your ZIP code to see what the most common claims are in your neighborhood.

Who Allstate may be good for: If you like handling your insurance business online, Allstate is worth looking at. You can get a quote, pay your bill and file and track claims through the app and website with ease.

CheckmarkPros

Close XCons

Allstate offers a small handful of optional add-ons, or endorsements, to allow you to customize your coverage. Here are a few you may want to consider:

Best for unique discounts

4.1

4.1

Avg. premium for $300K dwelling

$183/mo

Avg. premium for $300K dwelling

$2,191/yr

Customer satisfaction

790/1,000

Why Travelers made our list: Although Travelers doesn't have the lowest average rates among our chosen insurers, it does feature several discounts that may help you secure a low premium from the company. There are discounts for bundling, being claim-free and installing protective devices such as smoke detectors or security systems. One unique discount is for homeowners who own green homes. The green home endorsement provides additional protection if you wish to rebuild to higher environmental standards after a covered loss.

Who Travelers may be good for: If you live in a certified green house, Travelers may be an option to consider. Its green home discount and endorsement, along with other endorsement options and discounts, may allow you to build a robust policy that meets your specific needs.

CheckmarkPros

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Travelers has a generous assortment of endorsements for policyholders, including a green home endorsement, as we mentioned above. Here are a few others:

Best for unique endorsement options

4.6

4.6

Avg. premium for $300K dwelling

$128/mo

Avg. premium for $300K dwelling

$1,535/yr

Customer satisfaction

834/1,000

Why Auto-Owners made our list: With Auto-Owners, Iowa homeowners may purchase several endorsements for more protection, such as water backup, equipment breakdown and service line protection, which covers underground service line damage caused by wear and tear or other perils. The company also offers an extensive list of discounts, including a green discount, a backup generator discount and a mortgage-free discount. Quotes are not available online, but it has local independent agents available in most Iowa cities.

Who Auto-Owners may be good for: If you want to be able to personalize your policy to meet your specific needs, Auto-Owners gives you the tools to do so. Its extensive list of endorsements allows you to add robust functionality to your policy in a variety of ways.

CheckmarkPros

Close XCons

Auto-Owners has a robust assortment of endorsements that are available to policyholders. You may find one or more of the following worth adding to your policy:

Best for low average rates

4.2

4.2

Avg. premium for $300K dwelling

$138/mo

Avg. premium for $300K dwelling

$1,653/yr

Customer satisfaction

813/1,000

Why American Family made our list: Among the companies we reviewed, AmFam boasts the lowest average annual homeowners insurance premium in Iowa for $300,000 of dwelling coverage — almost $400 below the state average — making it a good option if you are working with a tight budget. The company offers a handful of endorsements, including matching siding protection, hidden water damage and credit theft protection. Savings opportunities are also available, such as a loyalty discount for long-standing customers and a generational discount if your parents are also policyholders.

Who American Family may be good for: Young adults who are just starting out with their first home may appreciate AmFam's low average rates. They may also be eligible for the generational discount or other savings opportunities that could bring their rate down even more.

CheckmarkPros

Close XCons

American Family's endorsements can be added to your policy to provide more robust coverage. The company offers the following add-ons:

Best for customizable packages

3.6

3.6

Avg. premium for $300K dwelling

$219/mo

Avg. premium for $300K dwelling

$2,628/yr

Customer satisfaction

800/1,000

Why Farmers made our list: Farmers offers Iowa homeowners all the usual types of property coverage, including dwelling, personal property and liability insurance. The company's Farmers Flex Personal Home policy goes beyond that, though. This package adds in guaranteed replacement cost, building ordinance or law coverage and a fortified roof upgrade, which allows you to rebuild your roof to a higher standard after a covered loss.

Who Farmers may be good for: Farmers’ Flex plan is particularly robust and may be a good option if you want more than just a standard, cookie-cutter policy. There are ample endorsements available through the Flex plan that can provide extra protection for your home and property.

CheckmarkPros

Close XCons

Many of Farmer's endorsements are available through the company's Farmers Flex plan. Here are a few you can purchase independent of this program:

Additional Iowa home insurance companies to consider

USAA

Who this may be best for

Homeowners who want a solid choice for active-duty military members, veterans and their immediate family members.

Although USAA only sells insurance to military families, it may be worth looking at if you fit its eligibility criteria. It scores very high on J.D. Power's Customer Satisfaction Index, suggesting that the company places a high emphasis on superior customer service. This is partly why it was a 2023 Bankrate Award winner (tied with Allstate) for Best Home Insurance Company Overall. It has a robust assortment of coverage options, including some (i.e., coverage for uniforms) that are geared toward military needs. USAA also has the highest possible rating for financial strength from AM Best.

Nationwide

Who this may be best for

Homeowners looking for opportunities to bundle their coverage.

Nationwide offers a range of standard and optional coverage types that may make it a good choice for some Iowa homeowners. The company offers numerous bundling options, so if you would just as soon handle all your insurance business with one company, Nationwide might be a good fit for you. It offers a number of endorsements to allow for policy customization, including its Better Roof Replacement plan, which helps pay for stronger and safer roofing materials after a covered loss. Nationwide scored above average in J.D. Power's U.S. Insurance Digital Experience Survey for service but was slightly below average according to its customer satisfaction index.

How Bankrate chose the best home insurance companies in Iowa

When looking for the best Iowa home insurance, Bankrate's insurance editorial team assessed multiple factors for all major Iowa home insurance companies, including customer service rankings, financial stability, average rates, digital tools and more. After compiling and assessing the data, a Bankrate Score was calculated for each company on a five-point scale to help homeowners choose the best option for their insurance. The higher a company’s score, the better it performed across the various Score categories.

Cheapest home insurance companies in Iowa

Consider looking at one of the following insurers when you are searching for affordable coverage. They have a reputation for writing reasonably priced policies, and our research shows that each company's average rates are below the state average.

How to get cheap Iowa home insurance

Even though Iowa's average rates are lower than the national average, it doesn’t hurt to save additional money when purchasing a policy. Fortunately, there are some solid strategies you can use to help you lower your premium cost, including the following:

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.

Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Best home insurance discounts in Iowa

Iowa homeowners insurance companies usually offer various ways to save on insurance and most insurers offer a handful of discounts, many of which can be easy to earn. Here are a few you may see that can have a positive impact on your premium:

How to save on home insurance policy renewals in Iowa

Once you have found solid coverage for your property, you may want to stick with the same insurer for years to come. Here are a few ways you can have a smooth renewal process that protects your rate and allows your coverage to continue with no breaks.

How much is home insurance in Iowa?

The average cost of homeowners insurance in Iowa is $1,881 per year for a policy with $300,000 in dwelling coverage. For comparison, the average cost of home insurance in the United States is $2,151 per year. That means Iowa homeowners pay about 13 percent less than the average American homeowner.

Iowa home insurance is much cheaper than in neighboring states. For example, the average cost of home insurance in Nebraska is $5,121 per year, and in Missouri, the average premium is $2,099 per year. Because Iowa does not experience extreme weather often, the price of home insurance may be less expensive.

Iowa homeowners insurance rates by city

One of the factors that insurers take into account when determining your premium is location. Even within a single state like Iowa, there may be varying levels of risk depending on where you reside. Homeowners in urban areas, for example, may see higher rates due to the increased risk of theft or vandalism.

*Rates are for $300,000 in dwelling coverage.

What does home insurance cover in Iowa?

Home insurance covers a list of standard perils, which include many of the most common types of disasters you might face in Iowa. For standard policies, these perils include the following, among others:

Additional home insurance coverage types in Iowa

Having home insurance can provide financial protection and peace of mind, but it’s not required by law. However, Iowa homeowners with a mortgage may need to purchase at least a standard policy per their agreement with their lender. Standard policies typically include dwelling, personal property, liability, medical payments and loss of use coverage. For more protection, homeowners may also want to consider the following add-ons:

Related content:

Is homeowners insurance required by law or by your mortgage company? Previously Read

The best home and auto insurance bundles Previously Read

Homeowners insurance statistics and facts Previously Read

Common Iowa home insurance problems

The insurance market across the U.S. is increasingly competitive, with factors ranging from post-pandemic shortages to climate risk-induced weather patterns contributing to making insurers skittish about writing policies in some parts of the country. Here are a few of the issues that may face Iowa homeowners as they negotiate a volatile insurance market.

!

A 2021 study by the University of Iowa confirmed that flooding in the state is increasing due to climate shifts. Iowa, Nebraska and other Midwestern states have been feeling the effects of a phenomenon that the researchers call the "Midwest water hose."

The Midwest water hose happens when moisture from the Gulf of Mexico moves north and dumps heavy rainfall throughout the central U.S. According to the researchers, it contributed about 70 percent to the total precipitation in the Midwest in 2019, which was more than double the historic average.

As the state is sandwiched between the Missouri and Mississippi rivers, Iowa farmers were especially hard hit by the fire hose effect, but homeowners throughout the state also experienced higher-than-usual amounts of flooding, especially in neighborhoods that bordered a body of water — even a minor one.

Frequently asked questions

What is the cheapest homeowners insurance in Iowa?

The cheapest homeowners insurance in Iowa is different for every homeowner. Home insurance prices are based on personal factors, like your ZIP code, age, credit, claims history, the size of your home and more. American Family is the cheapest homeowners insurance company in Iowa for 2024 per Bankrate’s research on average premiums, but it may not be the cheapest provider for everyone. And for some homeowners, the cheapest provider may not fit their specific needs for home insurance coverage. Experts recommend speaking to a licensed agent and comparing multiple quotes to find the right fit for you.

The cheapest homeowners insurance in Iowa is different for every homeowner. Home insurance prices are based on personal factors, like your ZIP code, age, credit, claims history, the size of your home and more. American Family is the cheapest homeowners insurance company in Iowa for 2024 per Bankrate’s research on average premiums, but it may not be the cheapest provider for everyone. And for some homeowners, the cheapest provider may not fit their specific needs for home insurance coverage. Experts recommend speaking to a licensed agent and comparing multiple quotes to find the right fit for you.

How much home insurance do I need?

Insurance experts recommend having enough dwelling insurance on your home insurance policy to cover the cost of rebuilding your house and enough personal property coverage to replace your personal items. If you need coverage for specific situations, like flooding or earthquakes, consider adding endorsements or purchasing separate coverage for more protection. Note that the cost of rebuilding your home is not the same as your home's market value. To determine what it would cost to rebuild your home, you will need to know the cost per square foot of construction in your region. A licensed insurance agent can help you determine this.

Insurance experts recommend having enough dwelling insurance on your home insurance policy to cover the cost of rebuilding your house and enough personal property coverage to replace your personal items. If you need coverage for specific situations, like flooding or earthquakes, consider adding endorsements or purchasing separate coverage for more protection. Note that the cost of rebuilding your home is not the same as your home's market value. To determine what it would cost to rebuild your home, you will need to know the cost per square foot of construction in your region. A licensed insurance agent can help you determine this.

Is homeowners insurance required in Iowa?

No, homeowners insurance is not legally required in Iowa. However, most mortgage lenders require homeowners to have a minimum amount of insurance in order to get a loan. If you own your home without a mortgage, it is still a good idea to invest in a robust homeowners insurance policy to protect yourself from the catastrophic costs that you may face if your home is destroyed or seriously damaged.

No, homeowners insurance is not legally required in Iowa. However, most mortgage lenders require homeowners to have a minimum amount of insurance in order to get a loan. If you own your home without a mortgage, it is still a good idea to invest in a robust homeowners insurance policy to protect yourself from the catastrophic costs that you may face if your home is destroyed or seriously damaged.

Iowa residents pay an average of $1,881 per year for homeowners insurance, which is less than the national average of $2,151 per year. However, the price you pay will depend on several factors, including the age of your home, your location, your claims history and more.

Iowa residents pay an average of $1,881 per year for homeowners insurance, which is less than the national average of $2,151 per year. However, the price you pay will depend on several factors, including the age of your home, your location, your claims history and more.

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

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