Updated: March 12, 2026
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Iowa's best renters insurance: Auto-Owners
Most affordable renters insurance in Iowa: Auto-Owners
Typical renters insurance rate in Iowa: $123 per year
With a MoneyGeek score of 4.8 out of 5, Auto-Owners ranks as Iowa's best renters insurance provider at $7 per month. The company leads for its affordability and customer experience.
These five companies earned the top MoneyGeek scores for renters insurance in Iowa:Â
| Auto-Owners Insurance | 4.75 | $7 | $84 |
| State Farm | 4.74 | $8 | $97 |
| Lemonade | 4.49 | $9 | $105 |
| Nationwide | 4.47 | $8 | $98 |
| Shelter Insurance | 4.32 | $8 | $97 |
*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
Best for Iowa Renters
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
Iowa renters can pay as little as $7 per month through Auto-Owners for $20,000 in personal property coverage. That's $3 less per month than Iowa's $10 average, or $36 in annual savings.
Rates from the 10 most affordable companies range from $7 to $12 monthly for the same coverage. Eight of 10 insurers charge less than Iowa's $10 state average.
For more options, check out the cheapest renters insurance available nationwide.
| Auto-Owners Insurance | $7 | $-3 |
| West Bend Mutual Insurance | $8 | $-2 |
| Shelter Insurance | $8 | $-2 |
| State Farm | $8 | $-2 |
| Nationwide | $8 | $-2 |
| Grange Insurance | $8 | $-2 |
| Lemonade | $9 | $-2 |
| IMT Insurance | $9 | $-1 |
| Westfield Insurance | $12 | $2 |
| Allstate | $12 | $2 |
At $123 annually, Iowa renters pay just $10 per month for renters insurance, which is $6 less than the national average of $16. Iowa's lower crime rates and fewer natural disasters reduce the likelihood of theft and property damage claims. These favorable state conditions help keep insurer costs down, resulting in more affordable premiums for renters.
Hawkeye offers the most affordable renters insurance in Iowa at $10 monthly ($119 annually), while Des Moines has the highest average at $10 per month ($126 annually). Most cities stay close to Iowa's $10 average, with the spread across cities being narrow. Local factors like crime rates, weather exposure and claims history account for the pricing differences between communities.
| Cedar Rapids | $10 | $124 |
| Davenport | $10 | $123 |
| Des Moines | $10 | $126 |
| Dubuque | $10 | $120 |
| Hawkeye | $10 | $119 |
| Wadena | $10 | $120 |
State Farm offers the most affordable renters insurance at the highest coverage level in Iowa, charging $32 monthly for $250,000 in personal property coverage and $300,000 in liability protection. Nationwide dominates the lower tiers, providing the cheapest rates from $50,000 to $100,000 in personal property coverage with $100,000 liability limits. This gives Iowa renters clear budget-friendly options across different coverage needs.
| $20K Personal Property / $100K Liability | Auto-Owners Insurance | $7 |
| $50K Personal Property / $100K Liability | Nationwide | $10 |
| $100K Personal Property / $100K Liability | Nationwide | $14 |
| $250K Personal Property / $300K Liability | State Farm | $32 |
Getting the right coverage starts with knowing your coverage options, estimating your property value and shopping around for competitive rates.
Renters insurance prices vary widely across insurers. Auto-Owners charges $7 per month while Allstate charges $12 for identical $20,000 coverage. Getting quotes from at least three companies can save you $5 per month. Online tools make finding the lowest rate quick and simple.
Pairing your renters and auto coverage with one insurer cuts 10% to 25% off both premiums. State Farm and Auto-Owners provide bundling discounts that reduce your total insurance expenses while consolidating your bills into one simple payment.
Higher deductibles reduce your monthly premiums but increase what you'll pay when filing claims. Before raising your deductible, confirm your emergency fund can cover the larger out-of-pocket expense if you need to file a claim.
Always ask what discounts you qualify for since insurers don't automatically apply all savings. Iowa insurers offer reductions for security systems, smoke detectors, claims-free records and automatic payments. State Farm provides good student discounts for renters under 25 maintaining B averages.
Most Iowa landlords require at least $100,000 in liability coverage, even though the state doesn't mandate renters insurance. Factors like pet ownership, credit score and rental history affect your coverage requirements. Your property value, local weather risks and crime rates should inform your coverage limits.
Our calculator below can help you determine how much renters insurance you need.
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
Clothes, shoes, bags, belts, hats, gloves, etc.
Review our experts' answers to frequently asked questions below:
Auto-Owners earns the top spot for Iowa's best renters insurance with a MoneyGeek score of 4.76 out of 5. At just $7 monthly, it offers high customer satisfaction at affordable rates.
Iowa renters insurance averages $10 monthly or $123 per year for $20,000 in personal property coverage. The state costs $6 less than the national average of $16 per month, driven by lower severe weather risks and property crime rates compared to other states.
Renters insurance with $100,000 in personal property coverage costs $26 per month or $310 annually in Iowa on average. Nationwide offers the most affordable option at this coverage level for $14 monthly. This higher coverage amount works best for renters with expensive belongings or collectibles, since most people choose $20,000 to $50,000 in coverage.
Iowa doesn't legally require renters insurance, but most landlords mandate at least $100,000 in liability coverage as part of your lease agreement. Your specific requirements depend on factors like your rental history, credit score and pet ownership. Review your lease carefully to understand the exact coverage amounts your landlord requires.
We analyzed Iowa renters insurance companies to find insurers with affordable rates and excellent service.
We gathered quotes for renters with this profile:
Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of Iowa's best renters insurance providers.
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.
