Iowa Homeowners Insurance Coverage

Whether you own a modern four-bedroom home in the Des Moines suburbs or an updated farmhouse in Iowa City, with a Farmers Smart Plan Home® policy you can choose quality coverage for your Iowa lifestyle today, with many ways to help you save.

Please enter a 5 digit zip code.

Is homeowners insurance required in Iowa?

No, homeowners insurance is not required by law in Iowa. However, in order to get a home loan, your mortgage lender will likely require you to obtain a certain amount of insurance coverage.

What does homeowners insurance cover in Iowa?

Every policy is different, but home insurance policies in Iowa typically come with several standard coverages.

  • Dwelling (Coverage A). This coverage helps you pay for damage to your home from a covered event, such as a fire, windstorm, lightning or hail.

  • Other structures (Coverage B). This coverage is intended to help cover structures that aren’t connected to your home, like a fence or shed.

  • Personal property (Coverage C). This coverage helps you repair or replace your personal belongings if they are stolen or damaged.

  • Loss of use, or additional living expense coverage (Coverage D). This coverage can help you pay to stay somewhere else if your home is uninhabitable due to covered damage.

  • Personal liability (Coverage E). This coverage helps pay for accidental property damage or injuries for which you are legally liable.

Typical home insurance policies in Iowa cover damage caused by events such as:

  • Fire
  • Vandalism and theft
  • Lightning strikes
  • Wind
  • Hail
  • Explosions
  • Falling objects
  • The weight of snow or ice

Flooding, a common risk in parts of Iowa, is not covered. However, special flood insurance through the National Flood Insurance Program (NFIP) may be available.

Home insurance coverage options in Iowa

Farmers® gives you multiple options for covering your home and personal property. You can customize your policy to suit your lifestyle and dwelling type:

  • Single-family home
  • Condo
  • Mobile or manufactured
  • Seasonal or vacation
  • Rental property
  • Older home

Learn more about Smart Plan Home coverage

How much does homeowners insurance generally cost in Iowa?

The average premium for home insurance coverage in Iowa is $998 per year1, according to a 2020 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). That’s less than the national average of $1,311 a year, according to same report. However, insurance costs in most states have changed since then. Also, the amount you pay may be different, depending on things like the value and age of your home, how much personal property you want to cover, what deductible you choose and risks specific to your area.

Iowa home insurance discounts

Farmers offers a variety of savings opportunities for eligible home insurance customers in Iowa, including:

  • Multi-policy
  • Protective devices
  • Non-smoker

See more information and additional discounts that may be available in Iowa.

American Goldfinch

bird image

When most songbirds have already raised their young, goldfinches are just getting started. They don’t begin nesting until mid-summer, perhaps to make sure plenty of seeds are available for their hatchlings. — Audubon Field Guide

More coverage options in Iowa

auto icon

Iowa car insurance

Find minimum state requirements for auto insurance in Iowa, available discounts and more.

View car insurance details and discounts for Iowa

condo icon

Iowa renters insurance

Renters insurance can help cover what your landlord’s insurance policy doesn’t, such as furniture, electronics and other personal belongings.

View renters insurance details and discounts for Iowa

Learn From Experience

Read real-life stories about insurance, renovations, home safety and more from pros and homeowners like you.

Why Did My Homeowners Insurance Go Up?

When outside forces — think: inflation, natural disasters, supply chain issues, rising construction costs — impact either (or both) of those factors, it can explain why rates may be increasing. But there are steps you can take to help keep your costs down. 

They Had Minutes to Pack and Flee Before the Flood

These homeowners fled their homes during epic flooding. Here, they talk about how they escaped, what they did beforehand to get ready and what they’re doing — well ahead of time — to prepare for the next flood.

How Can I Help Prevent Pipes From Freezing?

Outdoor water pipes need protection especially before the first hard freeze — when the temperature drops to 28 degrees or lower for a few hours. The danger point for indoor pipes is estimated at around 20 degrees, but that varies depending on whether the pipes are in less insulated areas or inside exterior walls.  

1 Based on average premium for HO-3 type open perils homeowners policies.