The Best Cheap Homeowners Insurance in Des Moines, Iowa for 2022: Quotes and Reviews

Homeowners insurance in Des Moines, Iowa, costs an average of $1,242 annually or $104 monthly, but this varies depending on the insurer. Travelers, with an average annual rate of $713, is the cheapest option in the city. Auto-Owners Insurance Co with an average annual rate of $2,525, is the most expensive. By shopping around, you can save about $1,812 yearly. MoneyGeek also analyzed homeowners insurance companies in Des Moines that balance cost and quality.

REVIEW HOME INSURANCE RATES

Insurance Rates

Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.

widget-location-pin
Advertising & Editorial Disclosure
Last Updated: 9/25/2022
Written By     |  
iconbesthome insuranceDes Moines
2022

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

Dwelling Coverage:

$100,000

Scroll for more

swipe icon
Insurance Rates

widget-location-pin

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

Des Moines$1,242
Iowa$1,242
U.S.$2,103

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.

moneygeek-logo

Home Insurance Calculator

State

Iowa

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$20,000

Credit Score

Excellent
moneygeek-logo

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

widget-location-pin

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.


1
USAA
Score:97

4.7/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

USAA ranked high across categories, especially in customer satisfaction. Only current and former military members or their families are eligible for USAA policies.

More About USAA

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
2
Travelers
Score:93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers ranked high in most categories and received a perfect score in affordability. It offers identity fraud expense coverage as an add-on.

More About Travelers

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

Scroll for more

swipe icon

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

Scroll for more

swipe icon

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

Scroll for more

swipe icon

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

Scroll for more

swipe icon

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.
Insurance Rates

widget-location-pin

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 the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.