Everything You Need to Know About:
Iowa Homeowners Insurance
- Iowa Homeowners Insurance: Rates by Company
- Iowa Homeowners Insurance: What does Homeowners Insurance cover?
- Iowa Homeowners Insurance: Which companies offer it?
- Iowa Homeowners Insurance- Rating factors
- Iowa Homeowners Insurance: Bundling Options
- Iowa Homeowners Insurance: Best Rates by company
- Iowa Homeowners Insurance: Best Rated Homeowners Insurance Companies
- Discounts available for Homeowners Insurance in Iowa
- Iowa Homeowners Insurance: Frequently Asked Questions
- Iowa Homeowners Insurance: Find Homeowners Information from Another State
- Iowa Homeowners Insurance: Find Homeowners Information from Another State
Iowa Homeowners Insurance: Rates by Company
Here’s an average of what you can expect when shopping for a homeowners insurance policy. These are the averages for these companies who can provide homeowners insurance for your home.
| Insurance Company | Homeowners ($250,000) |
|---|---|
| American International | $1,530 |
| Travelers Companies Inc. | $1,345 |
| Chubb | $1,322 |
| American Family Insurance | $1,425 |
| Farmers Insurance Group | $1,470 |
| MetLife Inc. | $1,315 |
| Nationwide Mutual | $1,284 |
| Allstate | $1,534 |
| State Farm | $1,391 |
| USAA | $1,534 |
| Auto-Owners Insurance | $1,293 |
| Erie Insurance | $1,483 |
| Hartford Financial Services | $1,402 |
If you have invested in a new home, you need to take the steps to protect it. We know it is difficult to find the best rates, best insurance company, etc. so we did some shopping for you!
Iowa Homeowners Insurance: What does Homeowners Insurance cover?
Homeowners insurance will cover losses that are caused by “covered perils” according to the NAIC. It’s important to know what are considered covered perils, and what are NOT.
Your Iowa homeowners insurance policy will cover several things. The dwelling coverage protects the actual structure of your home, like the walls and the roof. Personal property coverage protects your belongings inside your home, like furniture. Other structures provides coverage for buildings that are not attached to your home, like a shed. Liability protection defends you if a person sues you for personal injury or if you damage something on another person’s property. Additional living expenses cover expenses like lodging and food if your home is unlivable after a covered loss.
Learn More Here About Damage Causes that are Covered by a Homeowners Insurance Policy
Iowa Homeowners Insurance: Which companies offer it?
Some of the best rated companies for 2022 are Allstate Insurance, State Farm Insurance, Geico Insurance, Travelers Insurance, USAA Insurance, and Liberty Mutual Insurance! Allstate is one of the largest insurance providers in the nation and has a superior rating and reputation among its customers. State Farm is also a large insurance provider and offers coverage in all 50 states. Geico does not write its own homeowners policies, they partner with other providers to provide inexpensive coverage to its customers.
Here is the list of companies that offer homeowners insurance in Iowa. The best companies giving you the peace of mind in coverage for your home.
| Company | Homeowners Offered |
| Nationwide | yes |
| Travelers | yes |
| MetLife Inc. | yes |
| American International | yes |
| Farmers Insurance | yes |
| Auto-Owners | yes |
| Hartford | yes |
| USAA | yes |
| Progressive | yes |
| Liberty Mutual | yes |
| American Family | yes |
| Chubb | yes |
| State Farm | yes |
| Allstate Corp. | yes |
Iowa Homeowners Insurance- Rating factors
Many people wonder why some ratings factors exist in homeowners insurance. Let’s discuss why your dog breed is a factor in whether or not a company will choose to insure you, or increase your insurance premiums. If you own what is considered an aggressive dog breed, this increases your liability. An insurer will see this as a high risk and some will either deny coverage all together and then some will charge a higher premium to take on the higher risk.
Here are some factors that are considered when your homeowners insurance premium is being calculated.
| Homeowners Insurance Rating Factors |
|---|
| Credit history |
| Dog breed |
| Value of home Replacement cost |
| Roof condition |
| Insurance score |
| Location |
| Protection Class Proximity to fire station |
| Home liability limits |
| Claims |
| Deductible |
| Age of Home |
| Wood-burning stoves |
| Home-based business |
Iowa Homeowners Insurance: Bundling Options
Who doesn’t like saving money? When you bundle different types of insurance products, you are likely to get a discount.
You also simplify things so you don’t have to manage so many different policies. Here are some popular options you could potentially bundle with your homeowners policy.
Iowa Homeowners Insurance: Best Rates by company
Because insurance rates can vary so greatly from city to city, it’s important to shop around and see which Insurance Company provides the best rates according to your needs.
We did the shopping for you, as listed below…but it always helps to talk with one of our agents to find out more specifics.
| City | Insurance Company |
|---|---|
| Grimes | NationWide |
| Iowa City | American Family |
| Sioux Center | Progressive |
| Marion | NationWide |
| Waverly | Liberty Mutual |
| Red Oak | Liberty Mutual |
| North Liberty | Progressive |
| Spencer | Progressive (ASI) |
| Cedar Falls | Liberty Mutual |
| Maquoketa | Progressive |
| Estherville | Liberty Mutual |
| Clive | Farmers |
| Altoona | Travelers |
| Boone | Travelers |
| Oelwein | Progressive |
| Oskaloosa | State Farm |
| Independence | Allstate |
| Indianola | Progressive |
| DeWitt | Amica |
| Mount Pleasant | Chub |
| Urbandale | NationWide |
| Decorah | Farmers |
| Bondurant | USAA |
| Charles City | Allstate |
| Anamosa | Chub |
| Fort Dodge | American Family |
| Clarinda | Allstate |
| Marshalltown | Farmers |
| West Des Moines | Farmers |
| Denison | Chub |
| Algona | Farmers |
| Knoxville | Progressive |
| Ames | Chub |
| Des Moines | Travelers |
| Webster City | Amica |
| Davenport | American Family |
| Storm Lake | Chub |
| Burlington | USAA |
| Atlantic | Progressive (ASI) |
| Cedar Rapids | Liberty Mutual |
| Muscatine | Progressive |
| Grinnell | Farmers |
| Johnston | Travelers |
| Coralville | Progressive |
| Carroll | Travelers |
| Bettendorf | Progressive (ASI) |
| Norwalk | NationWide |
| Perry | Progressive (ASI) |
| Asbury | USAA |
| Centerville | Progressive (ASI) |
| Waterloo | State Farm |
| Eldridge | Liberty Mutual |
| Washington | Liberty Mutual |
| Le Mars | Farmers |
| Fairfield | Travelers |
| Glenwood | Chub |
| Clinton | USAA |
| Mason City | Allstate |
| Fort Madison | Chub |
| Pella | State Farm |
| Creston | Travelers |
| Keokuk | Progressive (ASI) |
| Winterset | Liberty Mutual |
| Orange City | American Family |
| Pleasant Hill | Allstate |
| Newton | Liberty Mutual |
| Waukee | Progressive (ASI) |
| Clear Lake | Allstate |
| Council Bluffs | Chub |
| Ankeny | Travelers |
| Dubuque | Travelers |
| Nevada | Progressive (ASI) |
| Hiawatha | Liberty Mutual |
Iowa Homeowners Insurance: Best Rated Homeowners Insurance Companies
The best is always a great thing! An AM Best Rating has assessed the insurance company’s creditworthiness and financial health.
A good AM Best rating means you can rely on the company to pay their claims and meet its financial obligations.
| Insurance Company | AM Best Rating |
|---|---|
| American International | A- |
| Progressive | A+ |
| Liberty Mutual | A |
| Farmers Insurance | A |
| Auto-Owners Insurance | A |
| Allstate | A+ |
| Chubb | A |
| American Family | A |
| MetLife | A- |
| State Farm | A++ |
| Hartford Financial | A+ |
| Nationwide | A |
| Travelers | A++ |
Discounts available for Homeowners Insurance in Iowa
In addition to the discounts listed below, some money saving actions you take to lower your Iowa homeowners insurance is to stay claims free for at least 3 years. Doing so can ensure your rates stay low for a long time! Owning a somewhat newer home less than 12 years old can help your rates decrease. Upgrading your roof to a reinforced roof, and not smoking in your home can help as well!
These are just some ways you can save on your homeowners insurance. Having these items in place can help when calculating your rate.
| Available Discounts for Homeowners Insurance |
|---|
| Auto water shut off or leak detection |
| Home monitoring / Bruglar |
| Smoke detector (monitored) |
| New home discount |
| Bundling Multiple Polices |
| Upgraded plumbing |
| Married discount |
| Loyalty |
| Claims Free |
| Hail resistant roofing |
| Paid in full |
Iowa Homeowners Insurance: Frequently Asked Questions
How long do you have to file a homeowners insurance claim in Iowa?
In Iowa regardless of whether your case involves damage to your physical property or personal property, you have 5 years to file a claim.
What is the average cost of homeowners in Iowa?
A typical homeowners policy with an average limit of $250,000 in dwelling coverage costs about $1,502 annually in the state of Iowa.
Is homeowners insurance required in Iowa?
Homeowners insurance is not legally required in the state of Iowa. However, without proper coverage, you could be liable for thousands of dollars in damage in the event of a loss.
Iowa Homeowners Insurance: Find Homeowners Information from Another State
Or If You’re Ready…
If you have all the information you need, get a homeowners quote now!