Popular QuestionsCommonly Asked Questions about Homeowners Insurance in Iowa

How much does Iowa home insurance cost? $964 a year

On average, American homeowners pay $1,211 per year for their home insurance coverage. However, in Iowa, the average annual premium is lower at just $964 a year.

Even though the price you are paying for home insurance may seem like a lot of money, having this coverage is important because hazards like severe weather events, accidental fires, and property crimes can result in expensive losses for Iowa homeowners who are not insured.

What can Iowa home insurance do for me?

Your home insurance policy is designed to cover you against many of the hazards you are likely to face as a property owner in Iowa. Whether you're looking at costs related to a fire, hailstorm, tornado, or a rash of burglaries, you're covered if you have a suitable Iowa homeowners insurance policy. 

Let’s look at the kinds of coverage your Iowa policy can provide:

Pays to repair or replace your home and your belongings

  • This is called "property insurance."
  • Example: Lint build-up in your dryer vent starts a fire and part of your house and many of your belongings are destroyed.

Pays for someone else's injuries or property damage when it's your fault

  • This is called "homeowners liability insurance"
  • Example: Your dogs gets loose and bites a neighbor, who needs to get stitches.

Pays for temporary living expenses when your home is damaged

  • This is called "loss of use insurance."
  • Example: A windstorm causes a tree to topple onto your house and makes it unsafe for habitation. You need to stay in a hotel temporarily while repairs are made.
Will I actually use my Iowa home insurance?

We can’t be 100% certain, but in 2016, insurance companies paid out more than $291 million in home insurance claims in the state of Iowa alone. That's a lot of unfortunate events happening to Iowa homeowners.

How are Iowa home insurance rates calculated?

Insurance companies base their home insurance rates on the value of your property and how likely it is that something bad will happen. The higher the probability that a damaging event will affect your property, the more expensive your home insurance policy will be. These potentially damaging events are called "risks” or “exposures.”

Let’s take a look at how Iowa compares to the rest of the United States.

Crime

The burglary rate in Iowa is slightly lower than the national average. Insurance companies will look at crime rates in your particular ZIP code when determining how high your premiums will be.

  • Average number of burglaries per 1,000 homes in the US: 3.76
  • Average number of burglaries per 1,000 homes in IA: 3.53

Several insurance companies offer policy discounts to homeowners who have burglar alarms, deadbolt locks, and other security features installed in their homes. Talk to a local independent agent to learn whether you qualify for this discount.

Weather

Severe weather events, including hailstorms and heavy winds, can wreak havoc on residential properties in this state. Be sure that your home insurance provides all the coverage you need before disaster strikes.

  • Number of federally declared disasters since 1953: 71
  • Most common causes of disasters in the state: Floods, severe storms, and tornadoes
  • Average number of tornadoes per year in the state: 49.2
  • Amount paid in home insurance claims in 2016: $291,074,000

Home Values

The size of your home can affect your home insurance rates, since larger homes tend to have more personal property inside them. The estimated cost to rebuild your home will also play a large role in how much your home insurance costs.

In Iowa, the average home value is lower than the national average. This helps to keep insurance costs manageable in this state, despite its severe weather risks.

  • Average home value in the US: $188,900
  • Average home value in IA: $149,100
Are there any independent insurance agents in Iowa?

Yes! There are currently 720 independent insurance agents in Iowa who are ready to help. Did you know that independent insurance agents can work with several different insurance providers to find you the best rate for coverage? Working with these agents enables you to buy a policy that meets all your coverage needs at a price you can afford.

What is the best homeowners insurance company in Iowa?

No single insurance company is “best” for everyone. That is why independent agents compare policies and rates from multiple companies to find you the policy that is best able to meet your coverage and budgetary needs.

InformationFind the Best Homeowners Insurance in Your City

Now, let's take a quick peek at what’s going on in your city. Insurance companies look at a lot of factors when determining home insurance costs. One of many factors is location. Crime rates, weather catastrophes, and the overall cost of your home will also factor in to how much your home insurance will cost.

How does your city measure up to the national average?

  • National average home insurance cost : $1,211 / year
  • National average burglary rate per 1,000 homes: 3.76
  • National average home value: $188,900
CityAverage House ValueBurglary Rate per 1,000 HomesAvg. Cost of Home Insurance (Yearly)
Ames$216,0003.68$1,254
Ankeny$223,1122.34$1,264
Bettendorf$200,9593.71$1,162
Cedar Falls$195,9503.07$1,115
Cedar Rapids$143,6007.04$891
Council Bluffs$127,6506.96$795
Davenport$130,90010.80$907
Des Moines$134,30010.99$933
Dubuque$157,5705.68$943
Iowa City$219,1004.11$1,284
Marion$158,5733.61$1,286
Sioux City$115,7007.38$728
Urbandale$236,6613.16$1,368
Waterloo$125,2007.84$799
West Des Moines$248,7582.24$1,420

Des Moines, IA Homeowners Insurance

The average monthly cost of home insurance in Des Moines is $78.

Homeowners insurance rates can vary from one property owner to the next. Your actual rate will be based on factors like the size, value, and location of your home; the materials used in your house’s construction; and the crime rate and weather risks in the ZIP code in which your property is located.

One of the most common hazards faced by homeowners in Des Moines is property crimes. With around 2,000 reported burglaries a year, this city has one of the highest burglary rates in the state. Fortunately, your homeowners insurance covers against property loss and damage to your home if you are the victim of a property crime. Your local independent agent can assist you throughout the claims process if needed. 

Cedar Rapids, IA Homeowners Insurance

The average monthly cost of home insurance in Cedar Rapids is $74.

Because your homeowners insurance is completely customized to you and your house, your actual monthly premium may be higher or lower than this average rate. Insurance companies consider your home’s size, value, location, and other factors when they calculate your costs. 

Severe storms in Cedar Rapids have been known to cause significant damage to area homes. Whether due to lightning strikes, heavy winds, hail, or toppled trees, this damage can be extremely expensive to repair. In August 2020, this city experienced a storm that brought winds of up to 90 mph. The resultant damage was so extensive that many thought the city had been hit by a tornado. Fortunately, you can expect your home insurance to cover against damage caused by severe weather events such as this one.

Davenport, IA Homeowners Insurance

The average monthly cost of home insurance in Davenport is $76.

Of course, what you may actually be asked to pay is likely to be differ from this amount because rates are based on specific details about your property. Your rate will be calculated according to factors like the size and age of your house, the materials used in its construction, the crime rate and weather risks in your ZIP code, your claims history, and sometimes even your credit score. 

Hailstorms can pose a quite problem in Davenport, as well as throughout this state, which sees about 6,000 hail claims a year. During a storm in August 2020, Davenport residents reported hailstones as large as 2.75 inches in diameter. Hailstones that exceed 1 inch in diameter can cause significant destruction to your roof, siding, and peripheral structures. Fortunately, your homeowners insurance can cover the costs associated with repairing or replacing your damaged property.

Sioux City, IA Homeowners Insurance

The average monthly cost of homeowners insurance in Sioux City is $61.

Your house is not the same as every other house in your neighborhood. While you and your neighbors may face the same crime and weather risks, your homeowners insurance premium is also based on factors like the size, age, and value of your home, the age of your roof, your claims history, and, at times, even your credit score. Your quoted rate for Sioux City homeowners insurance may therefore be higher or lower than this average.

This city sometimes sees torrential downpours, such as when a bomb cyclone brought several inches of rain to the Siouxland area in March 2019. This heavy precipitation led to flooding throughout the city. It is important to keep in mind that although homeowners insurance covers against most severe weather events, it does not cover flood damage. It is therefore a good idea to invest in a supplementary flood insurance policy through the National Flood Insurance Program (NFIP). An independent insurance agent can show you how.

Iowa City, IA Homeowners Insurance

The average monthly cost of home insurance in Iowa City is $107.

Of course, not all Iowa City homeowners will pay the same for their home insurance. Your monthly rate is based on the crime and weather risks in your ZIP code, the age, size and value of your home, the building materials used in your house’s construction, your claims history, and more.

One of the most devastating things a homeowner can experience is a house fire. In addition to damaging the structure of your house, a fire can lead to the total loss of your personal belongings, including furniture, clothing, electronics, kitchenware, and family heirlooms. Homeowners insurance can’t bring back your irreplaceable property, but it can give you peace of mind through financial compensation. You will want to be sure that your dwelling coverage is high enough to enable you to rebuild your home and that your contents coverage is high enough to cover the cost of replacing your lost or damaged property. An insurance agent in Iowa can help you review your coverage levels to ensure that they are sufficient.