Besthome insuranceIowa2022The Best Homeowners Insurance Companies in Iowa (2022)
If you are looking for the best home insurance companies in Iowa, consider a financially stable insurer that offers quality service at affordable rates. MoneyGeek ranked insurers in Iowa and discovered that State Farm is the best overall company for homeowners insurance in Iowa, but the best provider for you will vary depending on your needs.
Last Updated: 6/22/2022
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Mark Fitzpatrick
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MoneyGeek analyzed providers that offer the best home insurance in Iowa for different types of homeowners. State Farm is the best option overall for most people, including those with expensive homes. However, if you are looking for the most affordable option, Travelers is your best option. Auto-Owners Insurance Co ranked highest for its quality of service.
MoneyGeek also reviewed available home insurance coverage types and available discounts to help you find the best fit.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Iowa.
Besthome insuranceIowa2022The Best Homeowners Insurance in Iowa
Best overall - State Farm
Best for service quality - Auto-Owners Insurance Co
Best on a budget - Travelers
Best for expensive homes - State Farm
Best for veterans - USAA
Best for bundling - State Farm
The Best Overall Homeowners Insurance Companies in Iowa
MoneyGeek scored the best providers in Iowa based on customer satisfaction, claims reputation, affordability and financial stability.
The best home insurance companies in Iowa are:
- State Farm: MoneyGeek score of 86 out of 100
- Allied: MoneyGeek score of 85 out of 100
With a score of 98 out of 100, USAA ranked highest. However, only individuals with military backgrounds qualify for its plans.
MoneyGeek broke down why State Farm and Allied ranked highest among insurers in Iowa and their unique coverages and discounts.
The Top Home Insurance Companies in Iowa
1
Allied
Score:93
Allied is the second-cheapest company for homeowners insurance in Iowa, at $821 per year. This insurer also ranks second in financial stability. Allied homeowners policies come with a wide range of coverage, including service line coverage.
More About Allied
Allied offers optional sewer line coverage, which includes the cost of repairs to damaged service, including underground water and sewer piping. You can also opt for equipment breakdown coverage to protect if home systems like air conditioning units become damaged. Allied does not offer many discounts but homeowners can receive a bundling discount if they purchase multiple Allied policies.
2
State Farm
Score:91
State Farm ranks first in stability, second in customer satisfaction and third in affordability. A State Farm home insurance policy costs an average of $1,052 per year and includes unique coverage such as home systems protection.
More About State Farm
State Farm’s optional home systems coverage protects homeowners if permanently installed equipment such as heating and water filtration systems become damaged. You can also opt for home rental coverage if you rent out your home for more than thirty days in a year. State Farm is also one of a few insurers with mold coverage of up to $20,000 included in their policy.
HOW WE DETERMINED THE BEST IOWA HOME INSURANCE
MoneyGeek scored the best home insurance companies in Iowa and nationally by balancing home insurance quotes from across the country against property claims rating and J.D. Power customer satisfaction scores.
Insurance costs and customer experience can vary depending on your needs and circumstances. You can find more information in MoneyGeek’s methodology.
The Best Homeowners Companies in Iowa for Service Quality
MoneyGeek also ranked the best insurers in Iowa for customer service based on claims ratings and customer satisfaction scores.
If you prioritize the quality of service over affordability, the best home insurance companies in Iowa are:
- Auto-Owners Insurance Co: MoneyGeek score of 89 out of 100
- American Family: MoneyGeek score of 83 out of 100
USAA received a perfect MoneyGeek score of 100 out of 100, making it the best home insurance company in Iowa. However, we excluded this provider from our rankings, as only individuals with military backgrounds qualify for its policies.
MoneyGeek analyzed why Auto-Owners Insurance and American Family top the rankings for service in Iowa, highlighting some of their unique coverage options.
The Top Home Insurance Companies in Iowa for Quality Service
1
American Family
Score:78
American Family ranks third for customer satisfaction and claims ratings among home insurance companies in Iowa. This insurer has high-quality service offerings and strong claims experiences for policyholders.
More About American Family
Policyholders can get an optional hidden water damage coverage to cover losses incurred in the event of leaks. This insurer also offers optional matching coverage, which will reimburse you for the cost of replacing undamaged siding when fixing damaged siding to keep everything matching. You can also opt to cover your home systems and equipment by adding equipment breakdown coverage to your policy.
2
Auto-Owners Insurance Co
Score:77
Auto-Owners ranks second for claims and third overall for customer satisfaction among home insurance companies in Iowa. This insurer offers policyholders a strong customer experience when filing claims.
More About Auto-Owners Insurance Co
Apart from high claims ratings, Auto-Owners also offers homeowners unique coverage options, such as optional off-premises property coverage for personal property that you carry with you while away on vacation. Policyholders can also receive specialty vehicle coverage for boats and ATVs. This insurer offers responsible payment and early payment discounts, as well.
The Best Homeowners Companies in Iowa on a Budget
For homeowners who prioritize affordability, MoneyGeek ranked the most affordable home insurance companies in Iowa.
The two top-rated companies for affordability in Iowa are:
- Travelers: MoneyGeek score of 91 out of 100
- Allied: MoneyGeek score of 91 out of 100
Travelers’ homeowners' policy costs an average of $713 per year, while Allied costs $821 per year. USAA is excluded from this summary, but it is the best option for military members, with a MoneyGeek score of 96 out of 100.
MoneyGeek explains why Travelers is the best home insurance company in Iowa for customers on a budget.
The Top Home Insurance Companies in Iowa on a Budget
pros
Affordable premiums at $713 per year
Discounts such as bundling, protective devices and claims-free discounts
cons
Lacks common discounts like new home and home renovation discounts
Customer satisfaction rating of 3.5
COMPANY HIGHLIGHTS
Travelers ranks highest for affordability among home insurance companies in Iowa. This insurer also offers discounts for bundling for homeowners who purchase multiple policies, policyholders who remain claims-free and individuals with protective devices in their homes.
You can also save on costs by taking advantage of Travelers' green home discount if your home has been certified green by the Leadership Energy and Environmental Design organization. Discounts are also available for homeowners who have purchased their homes within 12 months of the policy date.
The Best Homeowners Companies in Iowa for Expensive Homes
MoneyGeek weighed the cost of insuring a home that would cost $2 million to replace against customer satisfaction to find the best home insurance companies for expensive homes in Iowa.
The best insurance companies in Iowa for individuals with expensive homes are:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 82 out of 100
USAA received a MoneyGeek score of 99 out of 100, making it the best home insurance company for members of the military with expensive homes in Iowa.
MoneyGeek broke down why State Farm is the best insurer if you have an expensive home, exploring their unique coverage options.
The Top Home Insurance Companies in Iowa for High-Value Homes
pros
Ranks in the top half in affordability for expensive homes
High MoneyGeek customer satisfaction rating of 4 out 5
cons
No content replacement cost or extended reimbursement coverage options
COMPANY HIGHLIGHTS
State Farm rates highly for its affordability and customer satisfaction among home insurance companies in Iowa. This insurer also offers a wide range of coverage options that can benefit homeowners with high-value properties.
Policyholders can opt for scheduled personal property coverage to cover losses of jewelry, silverware, furs and other valuables. This policy also has cyber event or ID theft coverage to protect homeowners in the event of identity fraud.
The Best Homeowners Companies in Iowa for Veterans
MoneyGeek compared the best home insurance providers in Iowa for homeowners with military backgrounds.
USAA is the best insurer overall for these individuals, with a MoneyGeek score of 98 out of 100. The average annual premium for a USAA homeowners policy is $1,029. This policy is only available to those who are active-duty military personnel or veterans.
The Top Home Insurance Companies in Iowa for Veterans
pros
Coverages tailored to suit military families
MoneyGeek customer satisfaction score of 5 out of 5
MoneyGeek affordability score of 4.6 out of 5
cons
Only individuals with military backgrounds qualify
COMPANY HIGHLIGHTS
USAA has the highest customer satisfaction rating among home insurance companies in Iowa. This provider also ranks high in affordability, providing a great balance of cost and quality service.
A USAA policy comes with content replacement cost coverage included — in the event of loss or damage, your personal belongings are reimbursed at the current replacement cost without factoring in depreciation. USAA also has optional home rental coverage for those who rent their homes in part or full to protect you and your tenant.
The Best Homeowners Companies in Iowa for Bundling
MoneyGeek also ranked the best car insurance and home insurance bundles in Iowa.
The best home insurance companies in Iowa for bundling are:
- State Farm: MoneyGeek score of 86 out of 100
- Allstate: MoneyGeek score of 77 out of 100
Bundling your home and auto insurance policies is an easy way to take advantage of available discounts. It may also be easier to have one provider for multiple policies, which allows you to consolidate your premiums.
The Top Home Insurance Companies in Iowa for Bundling
pros
MoneyGeek score of 4.3 out of 5 for home insurance
MoneyGeek discount score of 5 out of 5 with an average overall bundling 29% discount
cons
MoneyGeek score of 3.9 out of 5 for auto insurance
COMPANY HIGHLIGHTS
State Farm has high ratings for home insurance and above-average ratings for auto insurance. This provider offers an average bundling discount of up to 29% for combining your home and car insurance policies.
State Farm’s home insurance policy comes with unique benefits, such as coverage for permanently installed equipment such as generators and heating systems. You can also opt for home rental coverage to cover any tenants you may have in your home. The State Farm auto insurance policy also offers optional rideshare insurance for drivers.
How to Find the Best Home Insurance in Iowa
To find the best home insurance in Iowa, look for a provider that offers affordability and quality service with high financial stability ratings. While MoneyGeek accurately summarized this information, conducting your own research is also key to finding your ideal insurance provider.
1
Research Customer Service Reputations in Iowa
MoneyGeek analyzed customer service reputations for providers in Iowa. However, you can also browse J.D. Power satisfaction scores and NAIC complaint ratios in Iowa for the insurers you want to conduct your own research. Iowa’s department of insurance website also contains useful information.
2
Compare Quotes for Yourself
MoneyGeek’s quotes are based on average costs for sample homeowners in most of Iowa. It is important to compare quotes from at least three insurers for an accurate indication of home insurance rates.
3
Make Sure the Company Has Coverages You Want in Iowa
Depending on your location, some of the coverage options and discounts offered by insurers may not be available. Always confirm that the coverage you need is offered in your state.
4
Double-Check Financial Stability Ratings
It is important to check each prospective insurer's financial stability rating. Large insurance companies tend to have more financial strength, but regional insurance companies in Iowa may have lower ratings.
FAQs About the Best Home Insurance in Iowa
The best home insurance in Iowa depends on your personal requirements and circumstances. Here are answers to the most frequently asked questions about home insurance in Iowa.
Methodology
MoneyGeek scores for homeowners insurance in Iowa were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Iowa that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Iowa. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $100,000, liability coverage of $100,000 and personal property coverage of $100,000.
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