How much is renters insurance in Iowa?

The average cost of renters insurance in Iowa is $188 a year, and the average monthly cost is $16. That's for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance may differ from your neighbours because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

"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
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Best renters insurance companies in Iowa

Auto-Owners, West Bend Mutual and IMT Insurance are our best renters insurance companies in Iowa.

Rates differ widely between renters insurance providers, so it pays to shop around. But rates aren’t the entire picture. 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 rates and third-party ratings including complaint volume with the National Association of Insurance Commissioners (NAIC) and financial ratings from AM Best.

Among the carriers surveyed, Auto-Owners is the best renters insurance company in Iowa, with a top score and an average renters insurance rate of $138.

Below is our list of best renters insurance companies in Iowa based on that analysis, with our score out of five.

CompanyAverage annual premiumAM BestNAICInsurance.com rating
Auto-Owners$138A++0.335
West Bend Mutual$127A+0.424.86
IMT Insurance$205A0.354.2
Nationwide$134A+0.873.94
State Farm$149A++0.953.73
American Family$264A0.373.61
Farmers$238A0.543.52
Allstate$231A+0.92.98
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Cheapest renters insurance in Iowa

West Bend Mutual is the cheapest renters insurance company in Iowa based on our rate analysis with an average annual premium of $127.

Renters insurance prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the cheapest renters insurance companies in Iowa and their average annual premiums.

Company nameAverage 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
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Renters insurance calculator

Average renters insurance rates in Iowa
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$100,000
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Most & least expensive ZIP codes for renters insurance in Iowa

ZIP codeCityHighest rate
50319Des Moines$203
50310Des Moines$201
50315Des Moines$201
50313Des Moines$200
ZIP codeCityLowest rate
51011Chatsworth$182
51230Alvord$182
51234Boyden$182
51036Maurice$182
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Iowa renters insurance: The least and most expensive ZIP codes

Where you live in Iowa affects how much you pay for renters insurance. The most expensive ZIP code in Iowa for renters insurance is 50319, where the average annual rate is $203 which is $15 more than the state average insurance premium.

On the other end of the spectrum, the least expensive ZIP code for renters insurance is 51243, with an average annual rate of $182.

The following table lists the least and most expensive ZIP codes in Iowa for renters insurance.

Best home insurance companies in Texas
ZIP codeAverage annual rate
50319$203
50310$201
50315$201
50316$200
50308$199
50309$199
50391$198
50332$195
51243$182
ZIP codeAverage annual rate
51243$182
51246$182
50311$196
50312$198
50307$199
50316$200
50313$200
50310$201
50319$203

Compare renters insurance rates by city in Iowa

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Iowa.

CityAnnual 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
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How to get cheap renters insurance in Iowa

There are a few things you can do to get cheaper renters insurance in Iowa:

  • Shop around. Not every Iowa renters insurance company offers the same rates or discounts. Shop around for the best price.
  • Ask about discounts. There are a lot of discounts available on renters insurance; one of the biggest is bundling your home and auto insurance, so ask for an auto quote at the same time.
  • Chose a higher deductible. Your deductible affects your premiums; higher deductibles mean lower rates. Just ensure you can afford the deductible if you have to pay it.

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.

Iowa renters insurance: FAQ

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.

Compare Iowa renters insurance rates with other states

Alabama
$310 /year
Alaska
$233 /year
Arizona
$237 /year
Arkansas
$346 /year
California
$253 /year
Colorado
$175 /year
Connecticut
$265 /year
Delaware
$170 /year
Florida
$230 /year
Georgia
$334 /year
Hawaii
$231 /year
Idaho
$169 /year
Illinois
$227 /year
Indiana
$249 /year
Kansas
$238 /year
Kentucky
$193 /year
Louisiana
$472 /year
Maine
$174 /year
Maryland
$243 /year
Massachusetts
$244 /year
Michigan
$323 /year
Minnesota
$203 /year
Mississippi
$367 /year
Missouri
$210 /year
Montana
$256 /year
Nebraska
$266 /year
Nevada
$233 /year
New Hampshire
$160 /year
New Jersey
$190 /year
New Mexico
$191 /year
New York
$276 /year
North Carolina
$323 /year
North Dakota
$173 /year
Ohio
$231 /year
Oklahoma
$266 /year
Oregon
$266 /year
Pennsylvania
$249 /year
Rhode Island
$473 /year
South Carolina
$272 /year
South Dakota
$188 /year
Tennessee
$272 /year
Texas
$214 /year
Utah
$183 /year
Vermont
$166 /year
Virginia
$217 /year
Washington
$205 /year
Washington, D.C.
$260 /year
West Virginia
$231 /year
Wisconsin
$153 /year
Wyoming
$126 /year
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