Best condo insurance companies in Iowa
There are many companies offering condo insurance coverage in Iowa. West Bend Mutual is the best condo insurance company in Iowa based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Iowa.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| IMT Insurance | $168 | A | 0.35 | |
| West Bend Mutual | $141 | A+ | 0.42 | |
| Auto-Owners | $351 | A++ | 0.33 | |
| American Family | $458 | A | 0.37 | |
| State Farm | $248 | A++ | 0.95 | |
| Nationwide | $374 | A+ | 0.87 | |
| Farmers | $652 | A | 0.54 | |
| Allstate | $443 | A+ | 0.9 |
How much does condo insurance cost in Iowa?
The average cost of condo insurance in Iowa is $435 per year, or $36 per month. This is based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Your actual premium will be higher or lower depending on factors such as your location, selected coverage limits, deductible amount, and other considerations.
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $435 |
| Average monthly premium | $36 |
Condo insurance rates in Iowa by company and coverage level
West Bend Mutual offers the lowest condo insurance rates in Iowa for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is IMT Insurance, with an annual rate of $168. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Allstate | $367 | $387 | $423 | $443 | $469 | $489 | $508 | $528 |
| American Family | $403 | $415 | $444 | $458 | $478 | $493 | $507 | $522 |
| Auto-Owners | $300 | $310 | $342 | $351 | $386 | $395 | $430 | $439 |
| Farmers | $536 | $606 | $582 | $652 | $630 | $700 | $677 | $747 |
| IMT Insurance | $140 | $150 | $158 | $168 | $180 | $190 | $203 | $213 |
| Iowa Farm bureau | $221 | $229 | $235 | $243 | $240 | $248 | $244 | $252 |
| Nationwide | $324 | $333 | $364 | $374 | $406 | $418 | $447 | $462 |
| State Farm | $215 | $225 | $238 | $248 | $255 | $265 | $268 | $278 |
| West Bend Mutual | $103 | $111 | $133 | $141 | $156 | $165 | $184 | $193 |
| USAA | $580 | $580 | $646 | $646 | $698 | $698 | $744 | $744 |
Condo insurance rates by company in Iowa
The cheapest option is West Bend Insurance Company, followed by IMT Insurance and Iowa Farm Bureau as the second and third most affordable choices. However, condo insurance rates in Iowa vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Iowa.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| West Bend Mutual | $141 | $12 |
| IMT Insurance | $168 | $14 |
| Iowa Farm bureau | $243 | $20 |
| State Farm | $248 | $21 |
| Auto-Owners | $351 | $29 |
| Nationwide | $374 | $31 |
| Allstate | $443 | $37 |
| American Family | $458 | $38 |
| Farmers | $652 | $54 |
| USAA | $646 | $54 |
Compare condo insurance rates by city in Iowa
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Iowa, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Iowa condo insurance rates with other states
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