If there’s anything an Iowa native would tell you, it’s that the Hawkeye State arguably is the safest and friendliest state in the United States. Maybe it’s the lack of traffic and road congestion. Perhaps it’s the relatively low cost of living compared to other states. The reality is that residents who call Iowa home lead happy lives and look out for their neighbors.
Much like the rest of the US, Iowa is experiencing a seller’s market, with home values continually rising from $140,000. From Davenport to Iowa City, Iowans know the state is booming. Perhaps one day, Iowa‘s population of 3.1 million will surpass the 21.2 million hog population. (Yep, that’s right; for every one person in Iowa, there are four hogs.) That’s because Iowa is 92 percent farmland. And if you’ve lived in Iowa for a while, you know that the state economy heavily depends on agriculture and food production.
Unfortunately, natural disasters, including heavy rains, heavy snow, blizzards, ice storms, flooding, tornadoes, and high winds, have brought a lot of damage to the state over the years. In the past 30 years, there have been 45 presidentially declared disasters in the state. And in August 2020, Iowa was impacted by a derecho, strong enough to be a Category 2 hurricane with winds topping 100 miles per hour. The storm leveled homes and businesses. It left thousands stranded without food or power. And 14 million acres of Iowa crops were severely affected.
So, if you currently live in or are considering moving to Iowa, you must have the tools and resources necessary to have the best home insurance coverage available.
Rely on Insurify to help you compare homeowners insurance quotes, personalized to your home needs. You can find the best rates at low prices in just seconds.
Compare Iowa Home Insurance Quotes in Two Minutes
How to Get Affordable Home Insurance in Iowa
The good news is that the crime rate and property crime rate are particularly low in Iowa compared to other states. The crime rate per 1,000 residents in Iowa is 2.5. So your odds of vandalism or theft are extremely low. Low crime rates directly impact average home insurance premiums, which you can be thankful for if you live in or plan to move to the Hawkeye State.
Because homeowners insurance premiums are also affected by weather-related events, there is a chance for higher premiums in certain areas. More than anything, you need to have a safeguard for the unforeseen. You’ve committed to homeownership and need to keep your property protected against the unexpected.
You also need to know your coverage options and whether you will need any add-ons. Whether choosing Allstate, State Farm, American Family, or West Bend Mutual, you need a good home insurance policy.
Learn what the best home insurance choices in Iowa are so you can keep your property running smoothly for generations to come.
Homeowners insurance quotes in Iowa by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in Iowa costs $2,488 annually, and the median home value is $154,727.
While home insurance rates are slightly below national averages, they still impact your wallet. You still have to keep up your home, provide food for your family, and enjoy life. Thankfully, you can read on and see how you can start saving on property insurance.
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Homeowners Insurance Quotes in Iowa by City
Real estate costs vary from place to place, as do home insurance rates. You’re probably wondering how pricing works. Well, it depends on which ZIP code you live in and the number of claims in that area. There are other variables as well, such as crime rates, home costs, and natural disasters, like storms and flooding. You could live in a tiny town or a big town, and yet your neighborhood could still affect how much you pay on annual premiums.
Rates in Iowa vary. They may be high or low to the national average, comparatively. These are the most and least pricey ZIP codes for home insurance in Iowa.
|Most Expensive Real Estate in Iowa||Cheapest Real Estate in Iowa|
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What does home insurance cover in Iowa?
There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:
Mobile Home Form
Mobile Home Insurance in Iowa
Mobile home insurance rates in Iowa can vary greatly. You can expect to pay anywhere from $250 to upwards of $1,200 a year. Mobile home insurance typically covers physical damage from vandalism, falling objects, wind and hail, lightning, fires, explosions, landslides, and more. It’s best to know what’s covered in your policy.
You should also select certain limits for your coverage. The rule of thumb is you want to cover the cost to replace your mobile home in case the unforeseen occurs. Personal property coverage will cover the repairs or replacement of your personal belongings in the event of theft or damage.
Also, take into account personal liability for cases when someone on your property gets hurt and decides to press charges. Liability coverage is also needed if you cause property damage or injuries to someone on your property.
An HO-7 policy is a home insurance policy specifically for manufactured and mobile homes. This mobile home policy is for the safety of your personal property and physical structure of your home. Though it is similar to an HO-2, the HO-7 covered perils may differ, depending on insurance coverage and insurance providers.
Insurance Coverage & Natural Disasters in Iowa
If you are from Iowa, you probably already know how the extreme weather in Iowa can impact crops and your livelihood, primarily if you work in agriculture or food production. If you are new to Iowa, you will quickly learn the effects of the weather there. And it can’t be stressed enough—natural disasters, including severe weather, have a detrimental impact on Iowa‘s properties and premiums.
Iowa faces historic blizzards, tornadoes, ice storms, hail, and more. These weather-related events, as well as proximity to the Mississippi River, the Missouri River, the Maquoketa River, and many more, have led to parts of Iowa being underwater.. High levels of rainfall and runoff from snowpacks can cause reservoirs to become stressed and unable to control flood conditions.
Flooding is a common occurrence for Iowans, as it’s only gotten worse over time. It would be best if you had the right plan in place in case of flooding. If you live in an Iowa river town, your insurance costs will be higher than the average costs. Take flood insurance into account. Additional coverage and flood insurance are available through the National Flood Insurance Program.
Iowa Farm Bureau
Iowa has a history of helping neighbors out in times of crisis. The Iowa Farm Bureau offers assistance for Iowans in need of resources and information in cases of severe flooding, such as the flooding Iowa has seen in 2020. They offer 24/7 assistance to answer questions or to provide aid if you need flood recovery and are affected. They routinely aid in relief efforts by donating to flood victims.
If you run a farm or work in agriculture, the Iowa Farm Bureau has the Farming Community Disaster Exchange, a forum for Iowans to seek neighbors’ assistance. Assistance may include donating extra hay, helping with livestock on your property, and cleaning up after damage. Insurance is also offered through the Iowa Farm Bureau. Ask your local insurance agent for more.
Many home insurance companies, including Nationwide, offer bundling on their insurance products. And bundling auto insurance with homeowners insurance in Iowa could lead to more savings through discounts. If you live anywhere near a river in Iowa, you are at risk of flooding. And because the standard renters or home insurance policy does not cover damages resulting from flooding, you should have separate flood coverage. Check with your local agent to see your risk and find out more insurance options. Acceptance or denial of a homeowners insurance claim in Iowa must be 30 days after the receipt of documented proof of loss. And the acknowledgment of the claim must be made within 15 days of receipt (except payments being made during the period of time). The insurance company may provide forms and instructions to the claimant within 15 days as well.
Iowa Homeowners Insurance FAQs
Does Nationwide offer bundling with my Iowa auto insurance?
Should I get separate flood insurance for my Iowa home?
How long does a home insurance claim take in Iowa?
Many home insurance companies, including Nationwide, offer bundling on their insurance products. And bundling auto insurance with homeowners insurance in Iowa could lead to more savings through discounts.
If you live anywhere near a river in Iowa, you are at risk of flooding. And because the standard renters or home insurance policy does not cover damages resulting from flooding, you should have separate flood coverage. Check with your local agent to see your risk and find out more insurance options.
Acceptance or denial of a homeowners insurance claim in Iowa must be 30 days after the receipt of documented proof of loss. And the acknowledgment of the claim must be made within 15 days of receipt (except payments being made during the period of time). The insurance company may provide forms and instructions to the claimant within 15 days as well.
Special Home Insurance Situations in Iowa
Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Iowa.
Cheapest Home Insurance for Houses Near a Fire Department in Iowa
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Cheapest Home Insurance for Houses Less Than 20 Years Old in Iowa
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Conclusion: How to find the cheapest home insurance in Iowa
Aside from the occasional flood and blizzard, life is good in the Hawkeye State. There’s much to see, like the bridges of Madison County, the famous Hawkeye football team, or the world’s largest strawberry! Just know that from Des Moines to Cedar Rapids, you not only live in one of the safest states in the country, but you also have your pick of the best homeowners insurance companies in the state. All it takes is using Insurify’s comparison tool to find quotes in minutes.
Use Insurify to compare home insurance premiums for your property in Iowa. Our comparison tools make homeowners insurance shopping (and saving) simple so you can be on your way to enjoying your newly insured home in no time.
Compare Home Insurance Quotes in Iowa Two Minutes
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