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The 3 Best Iowa Homeowners Insurance Companies
Iowa’s harsh weather creates an increased risk of property damage due to hazards like flooding and frozen pipes. However, annual premiums in the Hawkeye state average $1,205, which is slightly below the national average of $1,228 for a $200,000 home with $100,000 liability coverage and a $1,000 deductible, according to Insurance.com.
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Iowa residents need to keep in mind that flood insurance is not included in a standard policy, so choosing an insurer that has the right balance of customizable coverage and an affordable baseline price is key. To help you find a company that matches what you’re looking for, we’ve outlined our top picks for homeowners insurance in Iowa. We’ve also included a convenient online quote tool so you can instantly compare policies and prices in one place.
Our Top Picks for Best Homeowners Insurance in Iowa
State Farm
State Farm insures more homes than any other provider in the U.S., and it’s a great choice for Iowa homeowners because the company offers affordable, customizable coverage options for just about any type of dwelling or living situation.
State Farm writes policies for single-family homes, condos, farms/ranches and manufactured homes, so regardless of what type of Iowa residence you’re looking to insure, you can find what you’re looking for with State Farm. In addition to its standard policy that covers events such as weather-related damage, vandalism and theft, State Farm extends add-on options. It’s possible to choose coverage that protects against personal injury and liability or offers increased protection for home businesses and in-home day care centers.
State Farm’s Discount Double Check feature guarantees that you’re receiving every premium deduction you’re eligible for. Discount offerings include those for bundling policies, installing security devices like deadbolts and fire alarms, owning a home-monitoring system, building your roof with impact-resistant materials and opting for higher deductibles. State Farm also provides special discounts on home automation and security systems to customers, so you can save twice and increase the security of your home.
Allstate
Allstate is the largest publicly held personal lines property and casualty insurer in the U.S. It offers flexible coverage options, multiple discount opportunities and top-notch educational resources and tools.
You can supplement a standard Allstate policy with add-on coverages designed to meet your needs. Iowa residents can increase protection for home offices, musical instruments, sports equipment, yards and gardens, or electronic data. Other specialty options include Claim RateGuard, which ensures that your policy won’t go up just because you file a claim, and Identity Restoration coverage of up to $25,000 of expenses you may incur as a result of having your identity stolen.
You can save more than 30 percent on your annual Iowa homeowners insurance premium through Allstate’s multiple discount opportunities. Bundling your insurance policies, installing safety and security devices, insuring a new or recently renovated home, signing up for automatic payments and going claim-free can maximize your savings. Additional price breaks are awarded to retirees over the age of 55 and new Allstate customers.
Allstate sees to it that you’re in good hands by offering a customer-focused online resource center. You can access videos, articles, checklists and special calculators designed to answer questions you may have regarding owning your Iowa home. The resource center also features innovative tools like Allstate’s Premium Gauge, which allows you to view the direct impact that factors such as the age of your home have on your annual premium rate.
Nationwide
Nationwide gives Iowa homeowners access to comprehensive policies at an affordable price, along with a superior claims department and numerous ways to reduce annual premium rates, earning this insurer an A+ rating from A.M. Best.
Discounts from Nationwide include up to 30 percent off based on the age of your home, 20 percent for bundling auto and home insurance policies, 15 percent for installing protective devices like a smoke alarm, 15 percent for being over the age of 60, and 5 percent for being married. You can also receive discounts if you bought your home within the last 12 months or live within a gated community.
Nationwide provides policyholders with a free On Your Side review, which keeps you educated on the specifics of your insurance policy and helps you choose the right level of coverage for your budget and home.
In addition to its baseline policy, Nationwide has add-on personal umbrella liability insurance and protection against flooding, a valuable feature for Iowa residents. Its unique Brand New Belongings policy option gives you money to replace your damaged or destroyed personal property with the newest, latest versions.
How Much Is Homeowners Insurance in Iowa?
The average annual Iowa homeowners insurance premium is $1,205. That’s 2 percent less than the national average of $1,228. Your insurance cost will vary based on the city you live in and other factors described below.
Iowa Rate Factors
Homeowners insurance rates in Iowa reflect the natural disasters that occur there. Flooding, tornadoes, ice storms and blizzards are the primary threats to homes in Iowa. The size and age of your home are other variables that can affect your homeowners insurance premiums.
The Best 3 Iowa Homeowners Insurance Companies
Read our Complete Guide to Homeowners Insurance here. Don’t own your Iowa home? Check out our guide to shopping for renters insurance.
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Methodology
The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
For every review, our editorial team:
- Identifies five measurable aspects to compare across each brand
- Determines the rating criteria for each aspect score
- Averages the five aspect scores to produce a single SimpleScore
Here’s a breakdown of the five aspect scores and their rating criteria for our reviews on home insurance.
Why do some brands have different SimpleScores on different pages?
To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.
However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.
Discounts
We looked at the number of discounts each company offers – more discounts mean a higher score.
Coverage Options
We awarded higher scores to the companies that offer more coverage options.
Support
We awarded higher scores to companies with the most channels for customer support.
Customer Satisfaction
We leveraged the J.D. Power 2019 Home Insurance Satisfaction Study℠ to see how customers rated their experience with each company. (If a company wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)
Accessibility
We looked at the level of accessibility of each company – the more resources they have the higher their score
