Renters insurance in Iowa: Cost, best companies and how to save

What is the average cost of renters insurance in Iowa?

The average renters insurance cost in Iowa is $188 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$188
Average monthly premium	$16

Read our methodology

Best renters insurance company in Iowa: Auto-Owners

Auto-Owners ranks as the best renters insurance company in Iowa, earning a top score among the carriers we surveyed. Its average rate is $138 per year.

West Bend Mutual and IMT Insurance are also among the top insurance companies for renters insurance in Iowa.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Iowa, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Iowa.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Auto-Owners	$138	A++	0.33	5
West Bend Mutual	$127	A+	0.42	4.86
IMT Insurance	$205	A	0.35	4.2
Nationwide	$134	A+	0.87	3.94
State Farm	$149	A++	0.95	3.73
American Family	$264	A	0.37	3.61
Farmers	$238	A	0.54	3.52
Allstate	$231	A+	0.9	2.98

Read our methodology

Cheapest renters insurance in Iowa

Our analysis shows that West Bend Mutual is the cheapest renters insurance company in Iowa, with an average annual premium of $127.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Iowa along with their average annual premiums.

Company name	Average annual premium
West Bend Mutual	$127
Nationwide	$134
Auto-Owners	$138
State Farm	$149
Iowa Farm bureau	$159
IMT Insurance	$205
Allstate	$231
Farmers	$238
American Family	$264

Read our methodology

Iowa renters insurance: The least and most expensive ZIP codes

Your location in Iowa directly impacts the cost of renters insurance. The most expensive ZIP code in Iowa is 50319, with an average annual premium of $203. This amount is $15 more than higher than the state average.

In contrast, the least expensive ZIP code for renters insurance is 51243, offering coverage at $182 a year.

The table below shows the most and least expensive ZIP codes in Iowa for renters insurance.

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
50319	$203
50310	$201
50315	$201
50316	$200
50308	$199
50309	$199
50391	$198
50332	$195
51243	$182

ZIP code	Average annual rate
51243	$182
51246	$182
50311	$196
50312	$198
50307	$199
50316	$200
50313	$200
50310	$201
50319	$203

Renters insurance cost in Iowa by city

In Iowa, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

City	Annual insurance premium
Ames	$179
Ankeny	$184
Cedar Rapids	$180
Council Bluffs	$187
Davenport	$179
Des Moines	$189
Iowa City	$178
Sioux City	$180
Waterloo	$182
West Des Moines	$185

Read our methodology

How to save on renters insurance in Iowa

You can lower the cost of renters insurance in Iowa in several simple ways without reducing the coverage you need:

Bundle your policies. Many insurers give a discount when you purchase renters and auto insurance together.
Increase your deductible. Selecting a higher deductible lowers your monthly or yearly premium, but you should make sure you can afford it.
Ask about discounts. Many insurance companies offer discounts for having smoke alarms, security systems, or a claims-free history.
Compare quotes. Since prices vary widely between companies, getting quotes from multiple insurers helps you find the best deal.
Pay annually. Some insurers provide a small discount if you make yearly payment instead of paying monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Iowa renters insurance

Do I need renters insurance in Iowa?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Iowa?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.