In Iowa, Auto-Owners earns recognition as the most economical home insurance company across all dwelling coverage limits. Meanwhile, Nationwide steps in with budget-friendly rates when insuring a newly built home. Note that factors like your credit history play a role in rate determination, with American Family potentially offering a more affordable choice for homeowners with lower credit scores.
Cheapest Homeowners Insurance in Iowa (2026 Rates)
Updated: December 29, 2025
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Key Takeaways
Iowa’s budget-friendly home insurance companies include Auto-Owners Insurance, Farmers, and American Family.
The cheapest insurance in Iowa for new homes is from Nationwide at $388, with American Family and Auto-Owners Insurance as alternatives.
In Iowa, the lowest-priced home insurance bundle is through Auto-Owners Insurance Co at $1,912 per year.
Why Trust MoneyGeek? MoneyGeek used information from the Iowa Insurance Division and Quadrant Information Services to obtain data on insurance rates, discounts and more.
These rates reflect the cheapest home insurance quotes in Iowa as of 2024.
Overall Cheapest Homeowners Insurance in Iowa
Auto-Owners offers the cheapest home insurance in Iowa, charging an average of $739 annually.
- Cheapest for $100,000: Auto-Owners at $739 per year
- Cheapest for $250,000: Auto-Owners at $1,177 per year
- Cheapest for $500,000: Auto-Owners at $1,847 per year
Examine additional options for cheap home insurance.
Data filtered by:
$100K Dwelling / $50K Personal Property / $100K Liability
2000
| Auto-Owners Insurance | $739 |
| Farmers | $830 |
| American Family | $840 |
| Nationwide | $953 |
| State Farm | $967 |
| Farm Bureau | $1,428 |
| Allstate | $1,668 |
Compare Iowa Home Insurance Quotes Online
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$220
High
$144
Average
$104
Low
Rates updated:
Dec 30, 2025
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Cheapest Home Insurance in Iowa for High-Value Homes
Auto-Owners is your cheapest choice for high-value home insurance policies with $750K in dwelling coverage at an average of $2,562 per year. Dwelling coverage significantly influences home insurance costs. View the cheapest choices for different dwelling coverage levels below:
- Cheapest for $750,000: Auto-Owners at $2,562 per year
- Cheapest for $1,000,000: Auto-Owners at $3,995 per year
When purchasing home insurance, we recommend choosing dwelling coverage limits equal to your home’s replacement cost rather than its market value. Look at the table below to see how rates change by provider for higher dwelling coverage limits in Iowa.
Data filtered by:
$750K Dwelling / $375K Personal Property / $500K Liability
2000
| Auto-Owners Insurance | $2,562 |
| Farmers | $3,201 |
| American Family | $3,472 |
| State Farm | $4,017 |
| Nationwide | $4,656 |
| Farm Bureau | $4,696 |
| Allstate | $5,085 |
Cheapest Home Insurance in Iowa for New Homes
In Iowa, Nationwide offers the most affordable home insurance for a new home with $100K in dwelling coverage, charging an average annual premium of $388. It's typically less expensive to insure newer homes in Iowa as their updated construction standards and modern materials reduce the probability of damage or accidents occurring.
Here's the rundown on the cheapest companies in Iowa for different levels of dwelling coverage:
- Cheapest for $100,000: Nationwide at $388 per year
- Cheapest for $250,000: Nationwide at $651 per year
- Cheapest for $500,000: Nationwide at $1,115 per year
Explore the table below to see Iowa's cheapest home insurance providers for your desired coverage levels.
Data filtered by:
$100K Dwelling / $50K Personal Property / $100K Liability
| Nationwide | $388 |
| American Family | $471 |
| Auto-Owners Insurance | $523 |
| State Farm | $578 |
| Farmers | $607 |
| Allstate | $728 |
| Farm Bureau | $729 |
Cheapest Home Insurance in Iowa for Low Credit Scores
In Iowa, American Family offers the most affordable home insurance for homeowners with poor credit at $1,305 annually on average for $100K in dwelling coverage. Credit scores significantly impact home insurance rates since insurers use them to assess policyholder default risk.
- Cheapest for $100,000: American Family $1,305 per year
- Cheapest for $250,000: American Family $2,415 per year
- Cheapest for $500,000: American Family $3,982 per year
Low credit scores demonstrably influence insurance costs, earning an average rate of $5,957 annually for $100K in dwelling coverage, contrasting sharply with the $1,061 premium for those with good credit.
Data filtered by:
Poor
$100K Dwelling / $50K Personal Property / $100K Liability
2000
| American Family | $1,305 |
| Nationwide | $1,488 |
| State Farm | $2,562 |
| Farm Bureau | $2,747 |
| Allstate | $3,417 |
| Farmers | $4,697 |
| Auto-Owners Insurance | $25,482 |
Cheapest Home Insurance in Iowa With a Claims History
For a policy with $100K in dwelling coverage, the most cost-effective home insurance company in Iowa for homeowners with one claim within the last five years is Auto-Owners. Note that homeowners with a claim history tend to face higher insurance premiums due to potential repeated claims in the future.
Here are the cheapest companies in Iowa for the different coverage values for policyholders with a claim history:
- Cheapest for $100,000: Auto-Owners at $739 per year
- Cheapest for $250,000: Auto-Owners at $1,177 per year
- Cheapest for $500,000: Auto-Owners at $1,847 per year
Filing more claims can cost you more in premiums. For instance, having two claims in the past five years can cost you an average of $240 more annually than those with no claims.
Data filtered by:
1 claim in past 5 years
2000
$100K Dwelling / $50K Personal Property / $100K Liability
| Auto-Owners Insurance | $739 |
| State Farm | $967 |
| American Family | $994 |
| Farmers | $1,000 |
| Nationwide | $1,204 |
| Farm Bureau | $1,892 |
| Allstate | $2,114 |
Cheapest Home Insurance in Iowa by Home and Roof Materials
The type of construction and the materials used for your roof impact the cost of your home insurance. Iowa's cheapest home insurance premium for a frame-constructed home with a shake-treated roof is from Auto-Owners at an average annual rate of $843.
- Cheapest for $100,000: Auto-Owners at $843
- Cheapest for $250,000: Auto-Owners at $1,343
- Cheapest for $500,000: Auto-Owners at $2,107
Choosing a superior constructed home with a tile roof can save around $329 in annual insurance premiums.
Data filtered by:
Frame
Shake-Treated
$100K Dwelling / $50K Personal Property / $100K Liability
| Auto-Owners Insurance | $843 |
| American Family | $854 |
| Farmers | $879 |
| State Farm | $967 |
| Nationwide | $1,137 |
| Allstate | $1,732 |
| Farm Bureau | $2,174 |
Cheapest Home Insurance in Iowa by Deductible
A higher deductible can lead to hundreds of dollars in savings. For example, in Iowa, the cheapest home insurer for a $2,000 deductible is Nationwide, costing $698 annually on average, compared to the most affordable for a $500 deductible, Auto-Owners, at $808 annually. Cheapest based on deductible:
- $2,000: Nationwide at $698 per year
- $1,500: Auto-Owners at $731 per year
- $1,000: Auto-Owners at $739 per year
- $500: Auto-Owners at $808 per year
Regarding home insurance, the deductible is the amount you pay before insurance coverage kicks in.
Data filtered by:
2000
$100K Dwelling / $50K Personal Property / $100K Liability
2000
| Nationwide | $698 |
| Auto-Owners Insurance | $722 |
| Farmers | $798 |
| American Family | $812 |
| State Farm | $872 |
| Farm Bureau | $986 |
| Allstate | $1,449 |
Cheapest Home and Auto Insurance Bundle in Iowa
The cheapest home and auto bundles in Iowa:
- Auto-Owners at $1,912 per year
- State Farm $2,020 per year
Bundling isn't just pocket-friendly; it's also convenient since you'll handle both policies with the same insurer. Discover more about the best Iowa insurance bundle.
| Auto-Owners Insurance Co | $1,912 |
| State Farm | $2,020 |
| Allstate | $2,366 |
Cheapest Home Insurance in Iowa by City
Auto-Owners is the cheapest home insurance provider in most Iowa cities, with rates ranging from $676 to $736.
- Cedar Rapids has the lowest annual average premium for its cheapest company, Auto-Owners, at $676.
- In contrast, the cheapest policy in Des Moines is $736 with the same provider.
| Cedar Rapids | Auto-Owners Insurance | $676 |
| Davenport | Auto-Owners Insurance | $694 |
| Des Moines | Auto-Owners Insurance | $736 |
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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.