Farmers earns a 4.8/5 MoneyGeek score in Iowa and offers the state's most affordable bundled rate at $2,563 per year, ranking first among all providers in this analysis. MoneyGeek analyzed 630 quotes across nine Iowa ZIP codes, weighing affordability, customer satisfaction and coverage quality to rank each provider. State Farm leads on bundle discount percentage at 27%, saving policyholders $1,055 annually. Iowa's top bundle providers rank competitively against the best home and auto insurance bundles nationally, with Farmers' 4.8/5 score placing it among the highest-rated carriers in MoneyGeek's full 50-state analysis.
Best Home and Auto Insurance Bundle in Iowa
Updated: May 4, 2026
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Key Takeaways
Farmers earns the top spot among Iowa home and auto bundle insurers with the highest MoneyGeek score of 4.8 out of 5 and the lowest combined annual bundle premium of $2,563.
State Farm offers Iowa's largest bundle discount at 27%, translating to $1,055 in annual savings, the highest dollar savings of any provider in the state.
A bigger discount does not guarantee the lowest total bill: State Farm's 27% discount still produces an annual bundle premium of $2,822, which is $259 more per year than Farmers' lower-discount bundle of $2,563.
Best Home and Auto Bundle Insurance in Iowa
| Farmers | 4.79 | $2,563 | 18% |
| State Farm | 4.77 | $2,822 | 27% |
| IMT Insurance | 4.6 | $3,418 | 14% |
| Allstate | 4.48 | $4,375 | 12% |
| Farm Bureau | 4.44 | $4,104 | 15% |
To learn more about how I rank the top home and auto insurance bundles, see my methodology.
Top 3 Home and Auto Bundle Companies in Iowa
The three top-ranked bundle insurers in Iowa are Farmers, State Farm, and IMT Insurance. Farmers leads on price, offering the lowest total annual bundle at $2,563, an important advantage in a state where hail frequency and tornado corridor exposure push home premiums above national averages. State Farm ranks first for bundle discount percentage at 27%, which produces $1,055 in annual savings for policyholders willing to pay a slightly higher base premium. IMT Insurance, a regional Iowa-based carrier, earns its third-place ranking on the strength of the highest bundled coverage score in my dataset at 4.57 out of 5, making it a strong fit for homeowners who prioritize thorough protection over the lowest sticker price.
Farmers
MoneyGeek Rating
4.8/ 5
5/5Affordability
3.7/5Customer Experience
4.4/5Coverage
Annual Bundle Premium
$2,563Monthly Bundle Premium
$214Bundle Savings
18%
State Farm
MoneyGeek Rating
4.8/ 5
4.6/5Affordability
3.9/5Customer Experience
3.1/5Coverage
Annual Bundle Premium
$2,822Monthly Bundle Premium
$235Bundle Savings
27%
IMT Insurance
MoneyGeek Rating
4.6/ 5
3.7/5Affordability
3.2/5Customer Experience
4.6/5Coverage
Annual Bundle Premium
$3,418Monthly Bundle Premium
$285Bundle Savings
14%
Cheapest Home and Auto Bundle in Iowa
Farmers offers Iowa's cheapest home and auto bundle at $2,563 per year, making it the most affordable option for drivers and homeowners looking to combine policies. While State Farm provides the largest bundle discount in the state at 27%, saving policyholders $1,055 annually, its total annual premium of $2,822 is still $259 more than Farmers' lower-discount bundle. This illustrates a key dynamic in Iowa's bundle market: the insurer with the highest discount percentage is not always the one with the lowest total bill, so comparing absolute premiums is important before choosing a provider.
| Farmers | $2,563 | $581 |
| State Farm | $2,822 | $1,055 |
| IMT Insurance | $3,418 | $569 |
| Farm Bureau | $4,104 | $696 |
| Allstate | $4,375 | $591 |
Rates are for a 40-year-old with good credit and a clean driving record with $250,000 dwelling coverage and 50/100 auto coverage with a $1,000 deductible.
Companies Offering the Biggest Bundle Discount in Iowa
State Farm offers Iowa's largest bundle discount at 27%, which produces the highest annual dollar savings of any provider in the state at $1,055. The provider with the highest discount percentage also delivers the most dollar savings, but that does not make it the cheapest option: State Farm's total annual bundle premium of $2,822 is still $259 more than Farmers' $2,563 bundle, which carries only an 18% discount. Iowa shoppers should evaluate both the discount rate and the resulting total premium to find the option that best fits their budget.
| State Farm | 27% | $1,055 | $2,822 |
| Farmers | 18% | $581 | $2,563 |
| Farm Bureau | 15% | $696 | $4,104 |
| IMT Insurance | 14% | $569 | $3,418 |
| Allstate | 12% | $591 | $4,375 |
Rates are for a 40-year-old with good credit and a clean driving record with $250,000 dwelling coverage and 50/100 auto coverage with a $1,000 deductible.
How to Get Cheap Home and Auto Bundle Insurance in Iowa
Iowa's home insurance premiums run higher than many comparable Midwest states because of two persistent cost drivers: the state ranks among the most hail-exposed in the country, and tornado activity across the central and northwestern corridors is a consistent seasonal risk that insurers price into every home policy.
- 1Choose a Higher Deductible
Raising your home deductible from $500 to $1,000 can lower your annual home insurance premium, and the same logic applies to auto comprehensive and collision deductibles: a higher deductible means a lower monthly payment. Before making the switch, make sure you have enough cash reserves to cover the higher out-of-pocket cost if you need to file a claim, particularly during Iowa's active hail and storm season.
- 2Try a Telematics Auto Program
Telematics programs track driving behaviors like speed, hard braking, and mileage, and can lower your auto insurance rate based on your actual habits. Programs like Progressive's Snapshot and Nationwide's SmartRide are available to Iowa drivers and can produce discounts that stack on top of your existing bundle savings, reducing your total combined premium further at renewal.
- 3Add Hail- and Storm-Resistant Home Features
Iowa is one of the most hail-exposed states in the country, and tornado activity is a consistent seasonal risk across the state, both factors that drive home premiums higher and raise total bundle costs. Installing impact-resistant roofing or hail-resistant materials can qualify your home for insurance discounts from several top Iowa providers, including Farmers and State Farm, which offer credits for wind- and hail-resistant construction upgrades. These credits apply at renewal and stack with your existing bundle discount.
- 4Compare Quotes When Your Policy Renews
Iowa's bundle market shows a spread of more than $1,800 per year between the cheapest provider (Farmers at $2,563) and the most expensive (Allstate at $4,375). Comparing bundled quotes at renewal takes less time than most homeowners expect and can produce real savings, especially as Iowa's home insurance rates continue to shift in response to severe weather trends.
Home and Auto Bundle Insurance in Iowa: FAQ
Here are answers to the questions Iowa residents ask most about bundling home and auto insurance.
Does Iowa's hail and tornado exposure affect home and auto bundle rates?
Yes. Iowa's position in the hail belt and its tornado corridor exposure directly affect home insurance premiums, which in turn raise total bundle costs. My Iowa analysis found that home premiums among the five providers evaluated ranged from $1,437 to $2,119 annually for the same coverage profile, reflecting how different carriers price Iowa's weather risk. Bundling can help offset some of this cost, but comparing total premiums, not just discount percentages, is the most reliable way to find value in Iowa's market.
Should I bundle home and auto insurance in Iowa?
Bundling home and auto insurance in Iowa is worth considering for most homeowners, as every provider in my Iowa analysis offers at least a 12% discount for combining policies. Annual savings range from $569 with IMT Insurance to $1,055 with State Farm. Iowa's bundle discounts are stronger than what many states offer, and the best home and auto insurance bundles nationally show that Iowa's top providers compete well on both discount percentage and total premium against carriers in larger states.
Which company has the best bundle in Iowa for homeowners who want more coverage?
IMT Insurance earns the highest bundled coverage score in my Iowa analysis, with the top-ranked home coverage score in the state and the second-ranked auto coverage score. Iowa homeowners who prioritize comprehensive protection, particularly for hail, wind, and severe storm events, will find IMT's policy breadth the strongest among the providers I evaluated, even though its total annual premium of $3,418 is higher than Farmers or State Farm.
How do I know if my bundle discount is actually saving me money?
The most reliable way to verify bundle savings is to compare the combined bundled premium against the cost of purchasing separate home and auto policies from the same insurer and from competing carriers. In Iowa, State Farm's 27% bundle discount saves $1,055 per year compared to buying policies separately, but its bundled total of $2,822 is still $259 more per year than Farmers' lower-discount bundle, so the discount alone does not tell the full story. Getting at least two to three bundled quotes at renewal gives you the clearest picture of actual savings.
What's the difference between a bundle discount and actual bundle savings?
A bundle discount is the percentage reduction applied to your premiums when you combine home and auto policies with the same insurer, while actual bundle savings is the dollar amount you save compared to buying those policies separately. In Iowa, State Farm's 27% discount translates to $1,055 in annual savings, while Farmers' 18% discount produces $581, but Farmers' total bundled premium of $2,563 is lower than State Farm's $2,822. A high discount percentage does not always mean the lowest total cost, which is why comparing both figures side by side is important.
MoneyGeek analyzed 630 quotes across 9 Iowa ZIP codes to rank the best home and auto bundle insurers in the state. Data sources include Quadrant Information Services for rate quotes, AM Best for financial strength ratings, J.D. Power for customer satisfaction scores, and the Iowa Insurance Division for complaint data. All figures represent averages; actual rates vary by ZIP code, claims history, and individual profile.
Auto Score Breakdown:
- Affordability (60%): Rate quotes for multiple driver profiles. Iowa baseline: 40-year-old, good credit, clean driving record, 2021 Toyota Camry, 50/100 full coverage, $1,000 deductible.
- Customer Experience (30%): Google reviews, J.D. Power ratings, and AM Best scores organized by state.
- Coverage Options (10%): Range of coverage types and policy features available from each provider.
Home Score Breakdown:
- Affordability (55%): Rates compared for identical coverage; discount availability evaluated. Iowa baseline: homeowner aged 41-60, good credit, 2,500-sq-ft home built in 2000, $250K dwelling, $125K personal property, $200K liability, $1,000 deductible.
- Customer Satisfaction (30%): J.D. Power ratings, Trustpilot reviews, and app feedback for claims handling.
- Coverage Options (15%): Add-on availability with attention to Iowa-specific risks: hail, tornado, wind, and severe thunderstorm coverage.
For more detail on how MoneyGeek scores insurers, see our auto insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has analyzed the insurance market for almost a decade, first with LendingTree and now with MoneyGeek, conducting original research on hundreds of insurance companies and millions of insurance rates for insurance shoppers.
He writes about economics and insurance on MoneyGeek, breaking down complex topics so people can have confidence in their purchase. Like all MoneyGeek analysts, Mark collects and analyzes independent cost and consumer experience data on insurance companies to provide objective recommendations in our content that are independent of any of MoneyGeek's insurance company partnerships.
His insights on products ranging from car, home and renters insurance to health and life insurance have been featured in The Washington Post, The New York Times and NPR, among others.
Mark holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He started his career working in financial risk management at State Street before transitioning to the analysis of the personal insurance market. He's also a five-time Jeopardy champion!