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The Cheapest and Best Renters Insurance in Des Moines

The Companies With the Cheapest Renters Insurance in Des Moines

Renters insurance providers in Des Moines offer similar core coverages. That’s why the cost is an important factor to consider. To get the best deal for your needs, compare renters insurance rates.

In Des Moines, on average, the most affordable renters insurance policies are offered by the following companies:

  • State Farm: $70 per year
  • Allstate: $84 per year

The sample policy MoneyGeek used has $20,000 in personal property coverage, $100,000 in liability coverage and a deductible of $500. To see how your rate may change based on your chosen personal property coverage limit, check the table below.

If you don’t live in Des Moines, MoneyGeek found average rates for renters insurance companies in Iowa.

Average Annual Rates for Personal Property Insurance

Personal Property Coverage:


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Compare Renters Insurance Rates

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

What Are the Best Renters Insurance Companies in Des Moines?

Based on MoneyGeek’s research, the best renters insurance companies in Des Moines are:

  • Best Overall: State Farm
  • Runner-Up: Allstate

These ratings are based on MoneyGeek’s unique scoring system, which evaluates an insurer’s affordability, customer satisfaction ratings from J.D. Power and financial stability ratings from AM Best. We also considered the unique coverages of these companies that other renters insurance companies may not have.

State Farm




User Satisfaction


Financial Stability

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Geek Quick Take

In Des Moines, State Farm got perfect scores for affordability and financial stability and a high customer satisfaction score, making it our top choice for renters insurance. State Farm allows a renter to see how their rate may change if they want to increase coverage for business personal property or valuables like jewelry.

More About State Farm

In many states, State Farm is the cheapest option for renters insurance. State Farm policyholders can purchase inflation coverage, so their personal property coverage limit increases over time. Additionally, State Farm allows renters to include identity restoration coverage for identity fraud protection.





User Satisfaction


Financial Stability

Geek Quick Take
Geek Quick Take

Allstate, our runner-up, got a high score for affordability and customer satisfaction in Des Moines for renters insurance. While the standard policy doesn’t cover damage caused by flooding, you can purchase a flood policy through Allstate.

More About Allstate

Allstate policyholders can save a couple of dollars each month if they waive off-premises theft coverage, meaning objects stolen outside their rented property do not have coverage. Renters can also get identity protection with Allstate. That coverage allows you to monitor your digital footprint and protects you against the costs of identity theft.

The Average Cost of Renters Insurance in Des Moines for 2024


renters insurance is equal to the average.

The national average cost of renters insurance is $159 per year. Renters in Des Moines pay around $56 less, with an average premium costing roughly $103 per year.

What Factors Impact Renters Insurance Costs in Des Moines?

While many different factors impact the cost of renters insurance in Des Moines, the following factors have the greatest influence on rates.

  1. Personal property coverage amount. This has the biggest impact on your renters insurance premium. MoneyGeek recommends that you determine how much coverage you need so you don’t pay too much or too little.
  2. Location. Where you live in Des Moines plays a role when insurance providers calculate the cost of your premium, although crime rates don’t heavily impact the cost of your policy compared to other factors.
  3. Deductible. Paying a higher deductible means paying a lower premium each month. Because you pay more out-of-pocket when you file a claim, your insurance provider charges less.
  4. ACV vs. RCV. There are two ways that insurance companies typically reimburse you, through actual cash value (ACV) or replacement cost value (RCV). Having ACV means that you get the depreciated value of your items. Meanwhile, with RCV, you get enough money to buy a similar new item. That’s why policies with RCV are often more expensive than those with ACV.
  5. Liability coverage amount. This has the least impact on the cost of a renters insurance policy. The standard amount is $100,000. However, if you pay a few dollars more each year, you can increase your limit by thousands of dollars.

Calculate How Much Renters Insurance You Need


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Does My Des Moines Neighborhood Impact Cost of Renters Insurance?

The neighborhood in which you live doesn’t greatly impact the cost of your renters insurance premium. MoneyGeek’s research shows that your location only affects your premium by a couple of dollars per month.

Understanding Renters Insurance in Des Moines

Renters insurance is an incredibly low-cost way to protect your belongings. MoneyGeek recommends purchasing renters insurance in Des Moines, even if it isn’t legally required.

What Does Renters Insurance Cover in Des Moines?

It’s best to compare policies when you’re shopping for renters insurance in Des Moines to find the best deal.

Consider purchasing renters insurance regardless of whether you live in an apartment or house. Renters insurance can cover various perils, like water damage, fire and theft — things that can happen anywhere. In Des Moines, renters insurance policies usually include:

  • Personal property coverage: Items such as your furniture, electronics and clothing have financial protection against risks like vandalism, fire and theft.
  • Additional living expenses: If your rented unit becomes uninhabitable after a covered peril, this coverage pays, to policy limits, for temporary housing and related expenses.
  • Liability insurance: If an accident occurs within your rented unit and it causes damages or injures another individual, this covers any legal or court judgment costs.
  • Medical payments coverage: This covers medical expenses if someone is injured within your rented property, regardless of who is at fault, to policy limits.

What Is Not Covered by Renters Insurance in Des Moines?

Renters insurance has its limits — for example, it covers your personal property but not the unit’s structure since it’s the owner’s responsibility.

In some cases, it’s wise to purchase additional coverage since certain perils like flood damage aren’t covered by standard renters insurance policies. To get protection against flood damage, renters can purchase incremental insurance through the National Flood Insurance Program (NFIP).

Additionally, renters insurance will not cover your roommate's possessions, earthquake damage, damage to your car, jewelry or similar items that exceed your policy’s limit. MoneyGeek advises renters to always read their policies carefully — as not all policies offer the exact same coverages.

Frequently Asked Questions About Renters Insurance in Des Moines

If you’re shopping for renters insurance in Des Moines, consider insurers that balance both quality service and cost. MoneyGeek answered commonly asked questions about renters insurance in Des Moines.

How much is renters insurance in Des Moines on average?
What is the cheapest renters insurance company in Des Moines?
What is the best renters insurance company in Des Moines?
Do I need renters insurance in Des Moines?

Renters Insurance in Des Moines Analysis: Methodology

MoneyGeek analyzed hundreds of renters insurance quotes in Des Moines to help you find cheap renters insurance. The best renters insurance rankings were determined using data from J.D. Power, AM Best and our affordability metrics that we derive from a comprehensive analysis of quotes provided by Quadrant.

About Mark Fitzpatrick

Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.