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The average cost of homeowners insurance in Iowa is $1,790 per year, or about $149 per month, according to a NerdWallet analysis. That’s slightly less than the national average of $1,820 per year.
We’ve analyzed rates and companies across the state to find the best homeowners insurance in Iowa.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state. Even if an insurer serves your state, it may not write policies for all homes in all areas.
The best homeowners insurance in Iowa
If you’re looking to buy homeowners insurance from a well-rated national brand, consider one of these insurers from NerdWallet’s list of the Best Homeowners Insurance Companies.
NerdWallet star rating
Average annual rate
*USAA homeowners policies are available only to active military, veterans and their families.
More about the best home insurance companies in Iowa
See more details about each company to help you decide which one is best for you.
State Farm is a great choice for homeowners who like to work directly with a representative, as the company sells policies through a wide network of agents. Its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.
State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.
Learn more with our State Farm homeowners insurance review.
Homeowners policies from Farmers may include two valuable types of insurance: extended dwelling and replacement cost coverage. Extended dwelling coverage gives you extra insurance for the structure of your house, while replacement cost coverage offers higher reimbursement for stolen or destroyed belongings.
Some Farmers policies also come with perks that can save you money. For example, with claim forgiveness, Farmers won’t raise your rate for a claim as long as you haven’t filed one within the past five years.
Learn more with our Farmers homeowners insurance review.
Founded in Madison, Wisconsin, American Family receives fewer consumer complaints than expected for a company of its size. You may be able to customize your policy with optional add-ons such as identity theft, equipment breakdown or service line coverage, which pays for repairs to water, power or other underground lines that run to your house.
Homeowners may be able to save on their premiums by installing smart-home devices, bundling multiple policies or setting up automatic payments.
Get more information in our American Family homeowners insurance review.
Nationwide’s standard homeowners policies include ordinance or law coverage, which pays to bring your home up to the latest building codes after a covered claim. They also include coverage for unauthorized credit or debit transactions. For an extra cost, you may be able to add coverage for things like water backup, identity theft and stronger materials to replace your roof.
The Nationwide website offers plenty of ways to manage your policy, including filing and tracking claims, paying bills and getting quotes.
Learn more with our Nationwide homeowners insurance review.
USAA sells homeowners insurance to veterans, active military members and their families. If that description fits you, you may want to consider a USAA policy. That’s because the company’s homeowners insurance has certain features that other insurers may charge extra for.
For example, USAA automatically covers your personal belongings on a “replacement cost” basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy brand-new replacements for your stuff.
Learn more with our USAA homeowners insurance review.
How much does homeowners insurance cost in Iowa?
The average annual cost of home insurance in Iowa is $1,790. That’s 2% less than the national average of $1,820.
In most U.S. states, including Iowa, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Iowa, those with poor credit pay an average of $3,575 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s nearly twice as much as those with good credit.
Average cost of homeowners insurance in Iowa by city
How much you pay for homeowners insurance in Iowa depends on where you live. For instance, the average cost of home insurance in Des Moines is $1,755 per year, while homeowners in Cedar Rapids pay $1,620 per year, on average.
Average annual rate
Average monthly rate
West Des Moines
The cheapest home insurance in Iowa
Here are the insurers we found with average annual rates below the Iowa average of $1,790.
What to know about Iowa homeowners insurance
Are you shopping for home insurance in Iowa? Make sure to consider the risks your home may face, such as severe wind, seasonal storms and flooding.
Tornadoes and derechos
Iowa has experienced its fair share of tornadoes, averaging 48 yearly over the past four decades. The 2020 Midwest derecho brought wind speeds of over 140 miles per hour to parts of Iowa, causing immense destruction. These severe wind events can mean serious damage for homeowners in Iowa and are a reason to confirm you have adequate coverage.
Standard home insurance policies will cover wind damage from tornadoes and derechos. However, your policy may have a separate wind and hail deductible, typically between 1% to 5%. If your house has $250,000 worth of dwelling coverage and a 1% deductible for wind claims, you’d have to pay for the first $2,500 of wind damage yourself.
There also may be limits to how much your insurer will pay for debris removal. Review your policy carefully and reach out to your insurance agent with questions.
Spring in the Midwest brings severe thunderstorms and sizable hail that can damage roofing, siding and windows. Your home insurance will likely cover any damage from spring storms, but read your policy carefully. As with wind damage, you may have a separate deductible for hail claims.
Snowmelt and heavy rains can cause flooding across Iowa, resulting in potentially expensive damage to homes. Standard homeowners insurance typically doesn't cover flooding. Homeowners in flood-prone areas may need to purchase separate flood insurance.
To find out your risk, check out the Federal Emergency Management Agency's flood maps and RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low risk, it may be worthwhile to purchase flood insurance for extra peace of mind.
Remember that while you can purchase flood coverage at any time, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.
Winter in Iowa means severe storms, freezing temperatures and heavy snow. For homeowners, that weather can cause substantial damage to property. Homeowners insurance generally covers winter storm-related damage, but some types of winter weather damage may require extra coverage. For instance, you’ll typically need a separate flood insurance policy to cover flood damage caused by snowmelt.
Iowa insurance department
The Iowa Insurance Department regulates the insurance industry for the state and provides consumer resources. The department oversees licensing for insurers and is a resource if you have a dispute with your insurer.
If you need to file a complaint, a simple flowchart will direct you to the online complaint form. You can also print the form and file it via email, fax or mail. Questions? Reach out to the Insurance Consumer Advocate at 515-654-6538.
Looking for more insurance in Iowa?
Amanda Shapland contributed to this story.
NerdWallet averaged rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.
Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:
$300,000 in dwelling coverage.
$30,000 in other structures coverage.
$150,000 in personal property coverage.
$60,000 in loss of use coverage.
$300,000 in liability coverage.
$1,000 in medical payments coverage.
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.
We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
Star rating methodology
NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2019-2021. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.