Average Costs and Cheapest Homeowners Insurance Companies in Iowa

Travelers offers the cheapest homeowners insurance in Iowa as well as the cheapest coverage for homeowners with poor credit. Farmers is the most affordable insurer for expensive homes and houses with pools. Furthermore, Allstate is the most affordable choice for newer homes.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in Iowa.

MoneyGeek compared thousands of quotes from different insurers to find the cheapest homeowners insurance provider in Iowa for various home coverages. We found Travelers to be the cheapest Iowa insurer for homeowners insurance, with an average annual cost of $713 for $100,000 of dwelling coverage.

MoneyGeek also found the following insurance companies to be inexpensive for different baseline dwelling coverages:

• Cheapest for $100,000: Travelers
• Cheapest for $250,000: Farmers
• Cheapest for $500,000: Farmers

How much dwelling coverage you need depends on the cost of reconstructing your home. See the table below to compare rates for dwelling coverage that meets your home insurance needs.

Homeowners insurance rates aren't all the same. They're primarily determined by the level of dwelling coverage you purchase. A $100,000 baseline policy on a home in Iowa costs an average of $1,242 per year.

The type of coverage you choose for your dwelling will have a direct impact on your insurance costs. You'll have to spend more money for additional coverage if you want better protection. A $100,000 home insurance policy costs an average of $1,242 per year, while a $3 million home insurance policy costs an average of $25,718 per year. There is about a $24,476 gap between the lowest and highest coverage.

When determining homeowners insurance quotes, providers will consider various factors that may have an impact on the cost of your policy. These include the dwelling value, age, type and material of your home, roof quality, location, proximity to a fire department, your credit score, frequency of claims and deductible chosen, among others.

If you are examining your choices and attempting to find out how your rate may vary, you can adjust your dwelling coverage limits, deductible and other limits to see how average rates in Iowa will change based on your needs.

Moneygeek researched and compared thousands of quotes to identify the cheapest homeowners insurance provider in Iowa for expensive homes.

On average, the two most affordable providers for expensive home insurance are:

• Farmers: $5,336 per year
• Allstate: $7,659 per year

It is important to shop around and compare quotes from at least three different home insurance providers in order to get the best possible prices for your expensive home.

Newer homes are less risky to insure because of the use of modern materials. For newer homes with $250,000 in dwelling coverage, MoneyGeek averaged thousands of quotes to determine the cheapest provider in Iowa.

On average, the following companies offer insurance at the cheapest rates:

• Allstate: $996 annually
• Travelers: $1,008 annually

You'll have to pay more for your homeowner's insurance if your home is older. In Iowa, modern homes may cost $602 less to insure than those constructed in 2000.

In addition, the quotes for homes built in 2000 differ from those in the first section because of a different ZIP code collection process.

Homeowner's insurance costs $1,175 per year for newly constructed homes in Iowa. On the other hand, the average yearly cost is approximately $1,777 for a property constructed in 2000.

Older houses are more costly to repair or replace. Therefore, insurance rates tend to be higher. In addition to the difficulty or expense of getting older materials, there is also the issue of wear and tear.

MoneyGeek collected and analyzed thousands of quotes to find the most affordable insurance policies available for homes with pools.

For a home with a pool and baseline of $250,000 dwelling coverage, the top two most affordable companies in Iowa are, on average:

• Farmers: $1,300 per year
• Travelers: $1,369 per year

If you own a pool, the cost of repairing or replacing it is often covered by your insurance company. Your insurance company may be liable for paying the expense of a pool-related injury. The higher the level of coverage, the higher the insurance rates. As a result, insurance premiums for homes with pools could be higher.

Pool owners pay $1,778 per year in insurance for $250,000 in home insurance coverage. Without a pool, the same coverage limit would cost an average of $1,777 per year.

MoneyGeek compared thousands of quotes for homeowners in Iowa with bad credit to help them find the best deal.

We found the top two cheapest home insurance providers Iowa homeowners with bad credit history looking for a baseline dwelling coverage of $100,000. On average, they are:

• Travelers: $1,400 annually
• Allied: $1,467 annually

With a poor credit rating, your home insurance charges are likely to be higher compared to a homeowner with good credit. An individual's risk and the likelihood of filing a claim are assessed by insurance companies using credit-based ratings.

Insurance companies use a variety of factors when deciding home insurance premiums. One of these factors is your credit history. In general, homeowners with poor credit pay more than those with good credit.

In Iowa, homeowners with poor credit scores pay up to $1,929 more than those with excellent credit scores.

Home insurance premiums are influenced by where you live. Depending on where you live in Iowa, the cost of your homeowner's insurance and the provider you pick may differ. Homeowners insurance in Des Moines costs an average of $713 a year with Travelers insurance company. This is $530 less than the city average.

When getting home insurance in Iowa, you will have to provide some personal information. This information is required by insurers to give you binding quotes tailored to your home insurance needs. Insurers may ask for your name, address, contact information and Social Security number. You may also have to find out how much your house and belongings are worth. Using the information they gather from you, they will calculate how much your homeowners insurance in Iowa.

MoneyGeek's home insurance calculator in Iowa may help you get an anonymous estimate of your premiums.

MoneyGeek analyzed homeowners insurance premiums from eight of 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.