The Cheapest and Best Homeowners Insurance in Des Moines
The Cheapest Home Insurance Companies in Des Moines
When choosing a home insurance policy in Des Moines, cost should be one of the main considerations since most companies offer the same core coverages.
For a policy with $100,000 in baseline dwelling coverage, the cheapest home insurance companies in the city are, on average:
- Travelers: $713 per year
- Allied: $821 per year
On the other hand, the most affordable options on average for a policy with $2 million in dwelling coverage are:
- Farmers: $5,336 per year
- Allstate: $7,659 per year
The table below will show you how insurance rates can change depending on the dwelling coverage limit you choose.
The Cheapest Home Insurance in Des Moines, Ranked
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Our sample policies with the initial baseline dwelling coverage of $100,000 came with personal property limits of $40,000, while those with dwelling coverage of $2 million have personal property limits of $800,000. All policies have $100,000 in liability coverage.
Those living in the state but outside of Des Moines can review the cheapest home insurance in Iowa.
The Average Cost of Homeowners Insurance in Des Moines for 2022
In Des Moines, the average cost of homeowners insurance is $1,242, which is the same as the state average. In comparison, Des Moines homeowners pay $861 less than the national average of $2,103.
Calculate the Cost of Home Insurance in Des Moines
While your location has an impact on your homeowners insurance costs in Des Moines, your annual premium is also influenced by your dwelling and personal coverage limits as well as your credit score.
You can use MoneyGeek’s home insurance calculator to compare quotes in your state.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Des Moines
Aside from the cost, an insurance company’s customer service and financial stability are important factors to consider if you want to find the best homeowners insurance in Des Moines. Having good service and financial stability can ensure your claim is processed efficiently.
The best homeowners insurance companies in the city are:
- Best Overall: USAA (only available to military families)
- Runner-up: Travelers
To rank home insurance companies in Des Moines, MoneyGeek used a comprehensive scoring system that evaluates affordability, customer satisfaction ratings and financial stability.
USAA ranked high across categories, especially in customer satisfaction. Only current and former military members or their families are eligible for USAA policies.
With USAA, active service members are covered for the loss of their uniforms with no deductible applied. It also offers home-sharing coverage to policyholders who rent out a room or their home. This protects policyholders from the costs associated with being a landlord.Read MoneyGeek's USAA home Insurance Review
Travelers ranked high in most categories and received a perfect score in affordability. It offers identity fraud expense coverage as an add-on.
Policies from Travelers provide extra protection to cover the costs of repairing homes with green materials. Travelers also allows you to get additional replacement cost, which covers you even if the cost to replace your home is higher than your dwelling coverage.Read MoneyGeek's Travelers home Insurance Review
Cheapest Home Insurance Companies in Des Moines for Newly Constructed Homes
Newly constructed homes typically use modern materials that are more resistant to damage and are easier to replace. That’s why they’re cheaper to insure. In Des Moines, home insurance for newer homes costs an average annual rate of $822, while a policy for a home built in 2000 has an average cost of $1,242 per year.
On average, the most affordable insurance companies in the city for homeowners with newer homes and $100,000 in dwelling coverage are:
- Allied: $500 per year
- Travelers: $525 per year
The Cheapest Home Insurance in Des Moines for New Homes, Ranked
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Cheapest Home Insurance Companies in Des Moines if You Have a Lot of Personal Property
Home insurance in Des Moines includes personal property coverage. This protects the items you keep in your home. It’s worth noting that higher personal property coverage limits will increase your premiums. The average cost of a policy with personal property coverage limits of $250,000 in the city is $1,325 per year, while a policy with $100,000 in personal property coverage limits costs $1,242 per year on average.
On average, the cheapest homeowners insurance in Des Moines with high personal property limits is offered by:
- Travelers: $752 per year
- Allied: $877 per year
Cheap Companies in Des Moines for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Des Moines for High Deductibles
Your deductible has a significant impact on your homeowners insurance rates in Des Moines. If your policy has a higher deductible, you will pay less in premiums yearly. That said, you will pay more money out-of-pocket when you make a claim.
Homeowners who have a policy with a $2,000 deductible in Des Moines pay around $1,115 per year. Meanwhile, those who carry a policy with a $1,000 deductible pay roughly $1,242 per year.
On average, the companies offering the cheapest home insurance in Des Moines with a $2,000 deductible are:
- Travelers: $631 per year
- Allied: $771 per year
The Cheapest Companies in Des Moines for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Des Moines if You Have Poor Credit
When calculating your insurance rates, insurance providers factor in your credit score. This means that having poor credit could result in higher home insurance premiums.
In Des Moines, the cost of insurance for homeowners with poor credit is $2,400 per year on average. On the other hand, the average cost of a policy for those with good credit is approximately $1,242 per year.
For homeowners with poor credit in the city, the cheapest insurance companies are, on average:
- Travelers: $1,400 per year
- Allied: $1,467 per year
The Cheapest Companies in Des Moines for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Des Moines
Obtaining quotes online for homeowners insurance in Des Moines will require you to provide the following information:
- Home replacement cost: This is the cost to rebuild your home, and it will determine your dwelling coverage limit. To get an accurate estimate, you may need a building contractor or construction professional.
- Personal property value: The value of the items in your house will determine your personal property coverage limits.
- Personal information: Insurers will ask for personal details, such as your address, the number of people living with you and your insurance history.
- House details: Insurance companies also need to know certain information about your house, like when it was constructed, how big it is and if you have safety devices.
Homeowners Insurance in Des Moines Analysis: Methodology
MoneyGeek conducted this study by analyzing home insurance quotes from eight insurance companies in Des Moines. The data was provided in partnership with Quadrant. Quotes were collected for a home with varying coverage levels to calculate affordability scores, while the customer satisfaction ratings were derived from J.D. Power surveys.
The base profile used was for an average homeowner with a 2,500-square-foot home built in 2000, a dwelling coverage of $100,000, personal property coverage of $40,000 and liability coverage of $100,000. All policies had a deductible of $1,000.
Quotes were also collected for homeowners with newly built houses, increased dwelling or personal property coverage, higher deductibles and poor credit scores.
About Mark Fitzpatrick