Right near the middle of the country, Iowa has a strong agricultural base, with many families having lived there for generations, even in the same homes after all this time. Yet nothing is entirely protected, and a history of natural disasters in the state can easily showcase the need for the protection that a homeowners insurance policy can provide. We recommend it for just about every home in the state, and have compiled some information on the cheapest providers to help you save some money if you’re worried about affording it.
Here are the four cheapest homeowners insurance providers operating in Iowa:
The Four Cheapest Quotes:
The landscape and environment might remain relatively similar no matter where you go in Iowa, but homes and homeowners will be different, and you will have a different experience from everyone else. With this in mind, we ask you to consider the following information as a general guide and not representative of your exact future experience.
The number listed next to each provider is the average annual rate for a standard policy.
1) Nationwide: $977
The cheapest option in Iowa by a noticeable margin, Nationwide also happens to be perhaps the most customizable provider operating at a reasonable cost in Iowa, making it a great choice for most households. No matter what you need or what you want to leave out, Nationwide can probably handle it. And with things such as strong replacement coverage and help repairing your home, you can feel confident in your policy.
Their service isn’t perfect, although they are adequate by most accounts, and some people reported issues when it comes to processing claims, although we didn’t find it to be a widespread or universal problem. More immediately alarming is the fact that many of their optional coverages can increase your annual rate by quite a bit, so keep an eye out and ask questions.
You can expect the following working with Nationwide:
- A free yet optional annual review that will check to see if you’re getting the best possible plan.
- Optional flood, earthquake, water backup, and identity theft coverages, if you think you will need them. You can also enhance your valuables and your home replacement coverage.
- Discounts available for those who get protective devices or systems, people who remain claim-free, those who bundle plans, and those who made a recent home purchase.
2) Farmers: $1,239
An insurance company known for its great service and specifically its great homeowners insurance policies, Farmers is like Nationwide in that there are many customization options available to you, allowing you to fine-tune your policy. And while the pricing can vary, it’s usually well within reason for the coverage you get, especially if you’re a new homeowner.
Farmers does have issues when it comes to stability, though, at least in contrast to the other providers. Yet this likely won’t ever be an issue for you. What might be your experience after signup, is some delays in service and increases in your annual rate after the first year.
You can expect the following working with Farmers:
- Coverage for landscaping, trees, and shrubs, among other landscaping concerns.
- Discounts for things such as being a new homeowner, bundling your insurance policies, using strong roofing materials, and installing safety measures in your home.
- Three insurance packages to choose from for your home, with at least the basic package being heavily customizable.
3) Allstate: $1,288
Effectively in the middle of the pack is Allstate, another well-known insurance provider that we think is a great choice for homeowners hoping to bundle their policy with auto insurance (or another option). They are also great if you need one of the optional coverages they offer, or if you are simply looking for a stable and reliable company to provide your coverage.
The main problem with Allstate that we found was their lackluster customer service. There are excellent agents and staff working at Allstate, but consistency is key, and they don’t have it. Furthermore, there are complaints against them regarding the timely processing of claims and being a bit too pushy about upgrading your coverage.
You can expect the following working with Allstate:
- Plenty of opportunities to get a discount and lower your total annual rate, some of which you’ll certainly qualify for.
- Optional coverages such as water backup coverage, garden and landscaping coverage, business property protection, identity theft restoration, and others.
- A large online library of helpful tools and references to help you understand your policy completely.
4) State Farm: $1,631
While in many places across the country State Farm is the simplest and cheapest option for homeowners, in Iowa they are just the simplest and most expensive, making them a much less attractive option to most people. However, they are still reliable, easy to work with, and able to provide you with a plan that covers all the common bases. There is a spot for them in homes that don’t want to consider home insurance too much yet still want a policy.
Yet as you might surmise from what was already said, State Farm doesn’t have too much else to offer outside of its main plan, at least compared to the other options on this list. There are few customization options and even fewer discount opportunities, making the possibility of State Farm inching ahead for some people rather low.
You can expect the following working with State Farm:
- Excellent online resources and tools to help you stay on top of everything related to your insurance plan.
- An accurate and fast online quoting tool that can help you determine if you will be lucky and get a low rate from them.
- The benefits of working with an extremely experienced and stable insurance provider.
Iowa can usually be a peaceful place to live, but it also has unique threats to your home that you need to prepare for. A homeowners insurance policy is your best option, and we hope that you can find a good match among the four companies listed above. Take your time and get some quotes. Once you are able to make more direct comparisons, the right choice will be easy to notice.