BestInsurance BundleIowaBest and Cheapest Home and Auto Bundle Companies in Iowa (2023)
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BestInsurance BundleIowaThe Best Bundled Insurance in Iowa
The Best Home and Auto Bundles in Iowa
MoneyGeek chose the company offering the best auto and home insurance in Iowa based on its rate for bundling, service quality and discount. Our analysis shows the best home and auto insurance companies in Iowa for bundling are:
- State Farm: MoneyGeek score of 86 out of 100
- Allstate: MoneyGeek score of 78 out of 100
State Farm, the best option for an auto and home insurance bundle, has very good scores for its home and auto insurance while scoring the highest for a discount. Allstate's auto insurance policy ranks lower than State Farm's; however, it scores well for home insurance and discount.
pros
Scored 4 out of 5 for home and auto insurance
Earned a perfect 5 out of 5 discount score
Offers new vehicle discount
cons
Does not offer paperless discount
Does not provide better car replacement coverage
COMPANY HIGHLIGHTS
State Farm is the ideal option for bundling auto and home insurance in Iowa. The annual premium of a bundle with this company is around $1,929, which reflects the roughly 26% discount for bundling, helping lower the insurance costs by around $682 annually.
MoneyGeek reviewed State Farm’s auto insurance and found that the company offers add-on coverages like roadside assistance, rental car/travel reimbursement and rideshare insurance. Its roadside assistance coverage covers towing and fuel delivery, tire change and so on.
If you cause an accident in your rental car, State Farm’s rental car/travel reimbursement coverage will cover the cost of travel and car rental expenses and up to $500 deductible repayment if you cause an accident in a rental.
State Farm also provides unique home insurance add-on coverage options, including mold coverage, energy efficiency upgrade, home systems protection and more. With mold coverage, you have up to $20,000 to cover damages.
pros
Scored 4 out of 5 for home insurance and discount
Offers portable electronics and media coverage
Provides a discount for having anti-lock brakes
cons
Scored 3 out of 4 for auto insurance
Does not offer defensive driving discount
COMPANY HIGHLIGHTS
It’s a suitable choice to opt for Allstate’s auto and home insurance bundle, as the company is the runner-up for the best bundle insurance in Iowa. Allstate charges around $2,051 per year for a home and auto insurance bundle, providing a roughly 15% discount and helping policyholders save around $362 per year.
If you purchase an Allstate auto insurance policy, you can get common add-on coverages like roadside assistance, accident forgiveness, gap insurance and new car replacement. The company also offers many unique coverages, including custom parts, sound system and portable electronics and media coverage.
With sound system coverage, Allstate covers the cost of damage to antennas or other components of a sound system permanently installed in your car. However, comprehensive coverage must be in effect.
MoneyGeek found that Allstate’s homeowners insurance policies can include add-on coverages like mold, home rental, energy efficiency upgrade and yard and garden. Its home rental coverage protects your items when you rent out your home.
The Best Home and Auto Bundles in Iowa for Military Backgrounds
Based on MoneyGeek’s analysis, USAA has perfect home and auto insurance scores, making it the best insurance company in Iowa for bundling. However, its policies aren’t available to everyone. USAA’s auto and home insurance policies will be the ideal option if you have a military background or are an active military member.
USAA
Although USAA has perfect home and auto insurance scores, it doesn't score well for its discount. The average annual cost of a home and auto insurance bundle with this company is $2,314, which shows it's also not the cheapest option in Iowa. It’s also only available to military personnel and their families.
MoneyGeek's analysis of USAA’s auto insurance shows that the company offers various common add-on coverages, including roadside assistance, rental car reimbursement, accident forgiveness and rideshare insurance. Accident forgiveness makes sure your premium does not increase after an at-fault accident if you have been accident-free for five years.
On the other hand, its homeowners insurance policy offers add-on coverages like home rental, which protects you and your guests if you rent your entire home or a room.
The Best Home and Auto Bundle Discounts in Iowa
Insurance companies in Iowa provide an average discount of around 14% on auto and home insurance bundles, helping people save roughly $328 a year. MoneyGeek’s research shows that State Farm provides the most significant discount for bundling, around 26%. On the other hand, Travelers offers the smallest discount of roughly 9%.
Remember, the company offering the most significant discount doesn’t always have the cheapest policy bundle. For instance, State Farm offers the most significant bundle discount, but Farmers has the cheapest cost in Iowa, with a bundling discount of around 12%.
The Cheapest Home and Auto Bundles in Iowa
Keeping aside the discount, MoneyGeek’s analysis shows the following companies, on average, offer the most affordable auto and home insurance bundles in Iowa:
- Farmers: $1,917 per year
- State Farm: $1,929 per year
Although these companies are the cheapest, they might not suit you. It’s always best to look at multiple companies after analyzing your situation to find the best for your needs.
Farmers
With an average cost of $1,917 per year, Farmers is the most affordable company for bundling auto and home insurance in Iowa. The company offers around a 12% discount for bundling, which lowers the cost by roughly $255 a year.
Farmers provides many opportunities for auto insurance policyholders to save on their policy through various typical and unique discounts. The company offers a discount on paperless billing, paying in full, safe driving and insuring multiple cars, plus for having a vehicle with airbags, an anti-theft system or anti-lock brakes.
When you purchase its home insurance policy, you can get a discount for having a new home, remaining claims-free and installing protective devices, roofing materials and more.
The Cheapest Non-Bundle Insurance Combinations in Iowa
Another way of saving money on your policy is by getting cheap auto insurance from one insurer and pairing it with an affordable home insurance policy from another insurer.
MoneyGeek found the cheapest option for not bundling in Iowa is getting State Farm’s auto insurance (around $668 per year) and Farmers home insurance (roughly $1,300 per year), which costs around $1,968 per year for both. But it’s not cheaper than the bundled price through Farmers at roughly $1,917 per year.
Should You Bundle Home and Auto Insurance in Iowa?
MoneyGeek recommends bundling your auto and home insurance in Iowa because it can help you save money and make it easier to manage the policies. However, many cases exist when opting for a bundle isn’t the best option.
Bundle discounts in Iowa can save you between 9% and 26% per year.
If you want the most significant savings and quality service, opting for State Farm’s auto and home insurance bundle is best. The company offers a 26% discount, lowering the cost of having both policies by roughly $682 a year.
Bundles are a convenient way to combine your most important property insurance policies.
Purchasing an auto and home insurance bundle streamlines your premium payments, makes account management easier and lowers your costs.
In rare cases, it might be better not to bundle in Iowa.
Although not bundling insurance is not a cheaper option in Iowa, according to MoneyGeek’s research, you might be able to find more affordable policies on their own by shopping around, as every insurer calculates your rates based on their criteria.
About Mark Fitzpatrick
