If you rent a home or apartment, then it is important that you carry renters insurance and have the right amount of coverage to protect your personal property and its contents. Renters insurance covers damage caused by smoke or fire, vandalism, theft, a windstorm, and other disasters.
Renters insurance costs an average of $323 a year for Iowa residents. However, rates vary based on the zip code, property you want to insure, coverage you choose, among other factors.
If you are in search of the best renters insurance in Iowa, then this guide is for you. We have compared major insurance carriers and their average annual premiums for Iowa residents. Read on to know more about the insurers that provide cheap renters insurance costs, and the least and most expensive zip codes for renters insurance in Iowa.
- State Farm tops the list of the best renters insurance companies in Iowa.
- The average annual premium for renters insurance in Iowa is $323 or $27 a month.
- Allied is the cheapest renters insurance company in Iowa.
Best renters insurance companies in Iowa
When it comes to choosing the best renters insurance company in Iowa, you want to make sure that you are comparing apples to apples. Our experts at Insurance.com have compared quotes, coverage options and J.D Power score from all the major insurers in Iowa. Below is the list of best renters insurance companies in Iowa:
- State Farm
- American Family
- Nationwide
- Allstate
- Farmers
Compare best renters insurance companies in Iowa
State Farm tops the list of the best renters insurance companies in Iowa with the highest J.D. Power score (866), its average insurance rate is $210 a year.
You may want to take a look at what each plan offers, and which insurance company offer excellent customer service. The most important thing is to compare quotes from all the options available before making the final decision.
Find below the list of best renters insurance providers and their average annual insurance rate.
| Company | J.D. Power score | Average annual rate |
|---|---|---|
| State Farm | 866 | $210 |
| American Family | 838 | $273 |
| Nationwide | 834 | $148 |
| Allstate | 833 | $250 |
| Farmers | 831 | $369 |
| Travelers | 815 | $237 |
How much is renters insurance in Iowa
The average annual premium for renters insurance in Iowa is $323 or $27 a month. However, this amount may vary by location and the amount of coverage you choose.
Based on an analysis by Insurance.com, the recommended coverage level for renters insurance is $40,000 for personal property coverage, with a $1,000 deductible and $100,000 of liability coverage.
| Average annual premium | Average monthly premium |
|---|---|
| $323 | $27 |
10 Most expensive zip codes in Iowa for renters insurance
If you are a renter in Iowa, it's important to know that your renters insurance premium may vary depending on the zip code you live in. The most expensive zip code for renters insurance in Iowa is 50313, its average rate is $338 annually.
Here are the 10 most expensive zip codes in Iowa for renters insurance-
| ZIP code | Average annual rate |
|---|---|
| 50313 | $338 |
| 51654 | $336 |
| 50395 | $335 |
| 51533 | $334 |
| 50327 | $333 |
| 50032 | $332 |
| 50007 | $331 |
| 50001 | $330 |
| 50022 | $329 |
| 50063 | $328 |
10 Least expensive zip codes in Iowa for renters insurance
Insurance companies take into account several factors including your zip code when deciding on insurance rates for your standard renters insurance policy. The least expensive zip code for renters insurance in Iowa is 50310, its average annual rate is $244.
We have gathered price quotes from major insurance companies across all the zip codes and prepared a list of the 10 least expensive zip codes in Iowa for renters insurance.
| ZIP code | Average annual rate |
|---|---|
| 50310 | $244 |
| 50311 | $247 |
| 50320 | $248 |
| 50316 | $249 |
| 50307 | $250 |
| 50319 | $251 |
| 50005 | $318 |
| 50010 | $319 |
| 50011 | $320 |
| 50006 | $321 |
Cheap renters insurance in Iowa by carrier
One of the best ways to save money on renters insurance is to get quotes from several different companies to find out which companies offers the cheapest Iowa renters insurance. Among the carriers surveyed, Allied is the cheapest renters insurance company in Iowa, its average annual premium is $133.
Find below the list of the cheap renters insurance companies in Iowa and their average annual premium.
| Company name | Average annual premium |
|---|---|
| Allied | $133 |
| Nationwide | $141 |
| Allstate | $167 |
| State Farm | $199 |
| Amco | $200 |
| Travelers | $209 |
| Farm Bureau | $223 |
| IMT Insurance | $239 |
| American Family | $261 |
| Farmers | $346 |
| Safeco | $423 |
| Auto Owners | $1,373 |
