Best Iowa Homeowners Insurance Quotes (2024)

Westfield offers some of the cheapest homeowners insurance policies in Iowa, with annual premiums starting at $1,070.

Sarah Sharkey
Written bySarah Sharkey
Sarah Sharkey
Sarah SharkeyInsurance Writer
  • 7+ years writing insurance and personal finance content

  • Contributor to top media, including USA Today

A passionate personal finance advocate, Sarah’s writing has graced the pages of many of the personal finance and insurance industries’ top web publications.

Featured in

media logomedia logomedia logo
Ashley Cox
Edited byAshley Cox
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

Featured in

media logomedia logomedia logomedia logo
Andrew Huang
Data reviewed byAndrew Huang
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

Featured in

media logomedia logomedia logo

Updated August 7, 2024

Save up to $852 by comparing quotes from the top 100+ insurance companies

Excellent
Secure. Free. Easy-to-use.
ProgressiveLiberty MutualAllstate
Advertiser Disclosure

At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.

We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.

Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.

Homeowners in Iowa pay an average of $2,120 per year for a home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible, which is slightly below the national average of $2,377 for the same coverage. 

But some insurers serving the Hawkeye State offer significantly lower premiums. In a state that’s susceptible to tornadoes, locking in the right homeowners insurance coverage is especially critical. 

Here’s what you should know about comparing home insurance quotes and finding coverage as an Iowa homeowner.

Quick Facts
  • As a part of Tornado Alley, Iowa experienced 72 tornadoes in 2023.[1] Standard home insurance usually protects your property against damage from tornadoes and other windstorms. 

  • Westfield, American Family, and Farmers offer the cheapest home insurance in Iowa.

  • A standard home insurance policy doesn’t protect you from flooding. Consider purchasing a flood insurance rider if you live in a high-risk area.

Best home insurance companies in Iowa

Many home insurance companies provide Iowa homeowners with high-quality insurance. As you start your search, it’s helpful to find out which insurers offer the best rates and service. 

Explore a few of the best home insurance companies in Iowa below.

Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual Premium
Best For
WestfieldN/A$1,070Cheapest rates
American Family4.3$1,293Young families
West Bend InsuranceN/A$1,405Cash back award
Farmers4.2$1,403Environmentally conscious homeowners
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Cheapest rates: Westfield

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$73/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$85/mo

On average, Westfield offers the most affordable home insurance rates for Iowa residents. The average annual premium is $1,070 — significantly lower than the state average of $2,120. To save more, homeowners might consider bundling their homeowners coverage with auto insurance, boat insurance, and RV insurance through the company.

Pros
  • Cheap rates

  • Bundling options

Cons
  • Limited digital tools

  • Must finalize quote with an agent

Best insurer for young families: American Family

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.1/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
840
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$107/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$155/mo

Homeowners who want to work with a large insurer and tap into plenty of discounts should consider American Family. That’s especially true if your parents have an active American Family policy, which means homeowners aged 18–30 can access a generational discount.

Pros
  • Lots of discounts

  • Large network of agents

Cons
  • Below-average J.D. Power customer satisfaction rating

  • Average Android app ratings

Best insurer for cash back award: West Bend Insurance

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$113/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$165/mo

West Bend Insurance offers relatively affordable insurance to Iowa homeowners. Beyond that, its discounts are likely to appeal to homeowners on a budget. If you don’t have to file a claim during your policy term, West Bend Insurance will reward you with a cash back award.

Pros
  • Live agents to work with

  • Claims-free award

Cons
  • Limited online tools

  • Must finalize policy with an insurance agent

Best insurer for environmentally conscious homeowners: Farmers

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.3/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$98/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$152/mo

If you’ve made an effort to create an environmentally friendly home, Farmers may reward you for that choice with lower rates. You can tap into discounts for specific green certifications, including ENERGY STAR, LEED, and EPA. While these aren’t the only discounts available, green-minded homeowners may appreciate those savings.

Pros
  • Green home discounts

  • Large network of agents

Cons
  • Below-average J.D. Power customer satisfaction rating

  • Higher-than-average number of complaints with the National Association of Insurance Commissioners (NAIC)

Find Cheap Home Insurance in Iowa

Compare quotes from the top 100+ insurance companies

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

Cheapest home insurance in Iowa

Westfield offers Iowa residents the cheapest home insurance, on average. Other relatively affordable home insurance companies working with Iowa homeowners include American Family, Farmers, and West Bend Mutual. 

The table below shows the cheapest companies that offer home insurance coverage in Iowa.

Insurance Company
Average Annual Premium
Westfield$1,070
American Family$1,293
Farmers$1,403
West Bend Mutual$1,405
Allstate$1,652
Auto-Owners$1,711
Foremost$1,884
Nationwide$1,919

Cost of homeowners insurance in Iowa

The exact cost of your home insurance policy will vary based on the details of your unique situation. 

Some factors that influence your cost are out of your control, like the flooding risks for the area, the location of the nearest fire department, the ZIP code, and the age of your home.[2] But other factors, like how much liability coverage you purchase and what deductible you choose, can affect the cost significantly. 

Cost of homeowners insurance by dwelling coverage amount

The dwelling coverage amount of your policy indicates how much the insurer would pay to rebuild your home after a covered loss. Generally, a higher coverage level leads to higher insurance premiums. 

The table below highlights the average annual premium by coverage limit in Iowa. Rates are for a policy with a $1,000 deductible.

Coverage Limit
Average Annual Premium
$100,000$1,036
$200,000$1,597
$300,000$2,120
$400,000$2,729
$500,000$3,310

Cost of homeowners insurance by deductible

If you have to file a claim against your insurance policy, the home insurance deductible represents the amount you have to pay toward the loss. For example, if you file an insurance claim for $10,000 of damage and you have a $1,000 deductible, you’ll pay $1,000, and the insurance company will pay the remaining $9,000. 

In general, a higher deductible results in a lower home insurance premium. But make sure to pick a deductible you can afford in case you need to file a claim. 

The table below breaks down the average cost of home insurance in Iowa by deductible amount for a policy with $300,000 in dwelling coverage.

Deductible Amount
Average Annual Premium
$500$2,182
$1,000$2,120

How to get cheap homeowners insurance in Iowa

Most homeowners can’t avoid the cost of home insurance. But that doesn’t mean you have to overpay. Use the strategies below to lock in cheap homeowners insurance:[3]

  • Increase your deductible. When you raise your deductible, insurers tend to reward you with lower premiums. Of course, the catch is that if you have to file a claim, you’ll have to kick in more. Before boosting your deductible, confirm you have the money on hand to cover the cost if you run into an emergency. 

  • Bundle your insurance policies. If you’re buying homeowners insurance, it’s likely that you have other insurance products. Choosing to bundle your insurance policies with the same insurance company often leads to savings. 

  • Prepare your home for disasters. You can take action to protect your home against potential disasters. For example, you could install storm windows or reinforce your roof against strong winds. Many insurers offer lower rates to more prepared homes. 

  • Shop around. Every insurer determines insurance rates with a slightly different method. With that variation, shopping around can help you find the cheapest rates for your unique situation.

Shop for Iowa Home Insurance

See personalized quotes from Insurify partners in minutes

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

How much homeowners insurance do you need in Iowa?

If you have a mortgage, the lender will probably require you to purchase a home insurance policy. But even if you aren’t required to carry coverage, the right homeowners insurance policy will protect your residence. 

In general, you’ll want enough coverage to replace your home and the personal property in it after a complete loss. But the amount of coverage required to accomplish this goal will vary based on your situation. For example, a standard homeowners policy often covers your personal belongings for between 50% and 70% of the dwelling coverage. Homeowners with several expensive items might need more coverage. 

Additionally, you’ll need to determine how much liability coverage you want. Liability coverage kicks in to pay for medical expenses of guests and legal costs after an accident on your property. While a standard policy often comes with $100,000 of liability coverage, homeowners who have a large number of assets might prefer more coverage. 

Getting clear on the details of your home insurance policy before you buy it is key. A close look at the policy can confirm that you have the coverage that suits your home insurance needs.

What are some of the biggest risks when owning a home in Iowa? 

Although you might not think of Iowa as a state that’s prone to natural disasters, Iowa homeowners face significant risks, including:

  • illustration card https://a.storyblok.com/f/162273/150x150/d2251ba1fd/weather-96x96-blue_018-tornado.svg

    Tornadoes

    Tornadoes represent a big risk factor in Iowa. Depending on the situation, a tornado can completely destroy a house. With 72 tornadoes in Iowa in 2023, homeowners in the area are at risk. Luckily, home insurance policies usually cover tornado and other windstorm damage.[4]

  • illustration card https://a.storyblok.com/f/162273/150x150/0194b78427/weather-96x96-orange_043-flood.svg

    Flooding

    Iowa has endured seven natural disasters entirely related to floods, including one flooding event that caused more than $2.2 billion in damages in 2023.[5]  Unfortunately, standard home insurance policies don’t cover flood damage. Instead, you’ll need to buy a separate flood insurance policy or pay for an add-on to lock in this coverage.

  • illustration card https://a.storyblok.com/f/162273/150x150/a72798aa06/weather-96x96-green_016-snow.svg

    Winter weather

    Harsh winters can cause damage to homes through fallen trees, water damage, frozen pipes, structural damage, and more. A standard homeowners insurance policy usually covers damage from severe winter weather.

Iowa homeowners insurance FAQs

If you’re shopping for home insurance in Iowa, this additional information may help as you research your coverage options.

  • How much is home insurance in Iowa?

    Home insurance in Iowa costs $2,120 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows. But your rates will depend on many factors, including your ZIP code, age of your home, square footage of your home, and the coverage levels you choose.

  • Which company has the cheapest homeowners insurance in Iowa?

    Westfield has the cheapest homeowners insurance in Iowa, with premiums of $1,070 per year, or $89 per month. Other affordable insurers include American Family and Farmers, with respective annual premiums of $1,293 and $1,403.

  • Does Iowa require homeowners insurance?

    No. Iowa doesn’t require homeowners insurance, but if you have a mortgage on your home your lender will require it. Carrying home insurance coverage is vital because it can help you pay to repair or replace your home if it’s damaged or destroyed. Without insurance, you’d be on the hook financially for all the repair costs.

Sources

  1. Weather.gov. "Iowa Tornadoes."
  2. Insurance Information Institute. "Home buyer's insurance guide."
  3. Insurance Information Institute. "How to save money on your homeowners insurance."
  4. Insurance Information Institute. "Homeowners Insurance Basics."
  5. National Centers for Environmental Information. "Iowa Summary."
Sarah Sharkey
Sarah SharkeyInsurance Writer

Sarah Sharkey is a personal finance writer who enjoys helping people make savvy financial decisions. She covered insurance and personal finance topics. You can find her work on Business Insider, Money Under 30, Rocket Mortgage, Bankrate, and more. Connect with her on LinkedIn.

Ashley Cox
Edited byAshley CoxSenior Managing Editor
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

Featured in

media logomedia logomedia logomedia logo
Andrew Huang
Data reviewed byAndrew HuangVP, Marketing & Analytics
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

Featured in

media logomedia logomedia logo

Compare Home Insurance Quotes Instantly

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

Latest Articles

View all