Updated: November 12, 2025
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Iowa homeowners pay an average of $1,828 annually for insurance in 2023, which is $595 below the national average of $2,423. Credit rating affects premium costs more than any other factor in Iowa, with differences reaching $7,409 between excellent and poor credit scores.
If your insurance rates have increased, take a look at our analysis of thecheapest policies in the state. Since premiums differ between providers, switching companies might help you save.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Dec 03, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Iowa, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Iowa as of 2024.
In Iowa, the average annual homeowners insurance premium for a policy with $250K in dwelling coverage, $125K in personal property coverage, and $200K in liability coverage is $1,828 — lower than the national average of $2,423.
Your coverage amount should match your home's rebuild cost plus the value of everything inside. A $100,000 policy costs about $1,080 per year in Iowa. Bump that to $500,000 and you'll pay around $2,918 annually.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,080 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,828 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,918 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $3,978 |
Premiums for homeowners insurance in Iowa vary among providers for comparable coverage. For example, Allstate's annual policy costs more than twice as much as a similar one from Auto-Owners Insurance.
Iowa has plenty of great providers. Differences in underwriting lead to a broad range of prices, so shopping around pays off.
| Auto-Owners Insurance | $1,177 |
| Farmers | $1,358 |
| American Family | $1,554 |
| Nationwide | $1,781 |
| State Farm | $1,786 |
| USAA | $2,132 |
| Farm Bureau | $2,134 |
| Allstate | $2,700 |
Homeowners with excellent credit pay an average annual premium of $1,434 for homeowners insurance in Iowa, while those with poor credit pay $8,843. Credit scores profoundly affect insurance rates, with poor credit costing $7,015 more than the state average of $1,828.
You can't improve your credit score immediately, but you can work on it over time to lower your rates. In the short term, compare the cheapest insurers in Iowa to see which will save you the most.
| Poor | $8,843 |
| Below Fair | $4,021 |
| Fair | $2,494 |
| Good | $1,828 |
| Excellent | $1,434 |
Your roof type affects your homeowners insurance premium in Iowa. More durable materials like tile can reduce costs due to their longevity and resistance to damage. Homes with tile roofing average lower insurance costs compared with less durable materials such as shake-treated roofs.
Your home's construction type also affects insurance rates. Materials that offer greater resistance to common perils like fire can lead to lower premiums. Homes built with superior construction materials enjoy more favorable insurance rates than homes with standard frame construction.
Use the drop-downs in the table below to see how premiums change based on your home's materials.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,080 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,828 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $2,918 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $3,978 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $5,141 |
Insuring a new construction home in Iowa averages $903 annually, much lower than the $1,828 for existing homes. Modern materials and adherence to current building codes contribute to this reduced rate. The table below shows premium differences for varying coverage levels in new versus existing homes.
| Existing Construction (2000) | $1,828 |
| New Construction (2023) | $903 |
Iowa homeowners who haven't filed claims in the past five years can expect an average annual premium of $1,828 for their insurance. If you filed one claim within the last five years, the average premium rises to $2,192 — an increase of $364 from the claim-free baseline.
Those with two claims within the same period pay an average annual premium of $2,445 — $617 more than homeowners with no claims. Your claims history substantially affects insurance costs.
| Claim free for 5+ years | $1,828 |
| 1 claim in past 5 years | $2,192 |
| 2 claims in past 5 years | $2,445 |
In Iowa, tornadoes and flooding are the most costly natural disasters for homeowners. Tornado damage is covered by standard home insurance policies, but flooding isn't covered. You'll need separate flood insurance.
For the cities we analyzed, we found annual premiums ranging from $1,692 to $1,914. Cedar Rapids homeowners pay an average of $1,781 annually. Davenport residents see lower rates, averaging $1,692 per year. Des Moines premiums average $1,914.
Location affects insurance costs due to factors like local crime rates, weather patterns and rebuilding costs. Location can influence premiums, though personal credit and coverage amounts are also major contributors.
| Cedar Rapids | $1,781 |
| Davenport | $1,692 |
| Des Moines | $1,914 |
Getting a good homeowners insurance deal in Iowa is within reach. Understanding insurance options helps you find a policy that fits your needs and budget. Here's how to find the best deal.
Calculate what it would cost to rebuild your home from the ground up, then add the replacement value of your belongings.
Get quotes from multiple insurers since rates for identical coverage can vary by hundreds of dollars.
Ask every insurer about bundling your home and auto policies, plus discounts for security systems or impact resistant roofing.
Higher deductibles cut your premiums but mean you'll pay more out of pocket after damage. Pick an amount you can afford.
Check how the company handles claims and treats customers, not just the price.
Buy coverage that protects your home without stretching your budget too thin.
Bundling your home and auto insurance in Iowa cuts your combined premium by about 15%. That's $204 to $682 back in your pocket every year, depending on your coverage levels and insurer. See which companies offer the best bundle deals in our Iowa home and auto bundle analysis.
Iowa insurers reward homeowners who protect their property. You can cut your premiums with:
In Iowa, Auto-Owners Insurance offers the lowest average premium at $1,177 per year. For more options, explore cheap national providers.
Tornadoes, a common natural disaster in Iowa, are usually covered by homeowners insurance, along with other specific coverages and exclusions.
Credit rating is the biggest factor impacting homeowners insurance in Iowa, with a difference of $7,409 between excellent and poor credit.
On average, Iowans can save around 15% per year by bundling homeowners and auto insurance.
Flood insurance isn't included in a standard home policy. You can purchase it through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
These resources help you find the right homeowners insurance in Iowa:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
