The Best Cheap Renters Insurance Quotes in Iowa (2025)
State Farm has the cheapest renters insurance in Iowa, at $10 per month, on average.
Compare Cheap Renters Insurance in Iowa
Best Cheap Iowa Renters Insurance
To find the cheapest renters insurance quotes in Iowa, ValuePenguin collected quotes from eight of the top renters insurance companies in the state. To help you find the best renters insurance company for you, our editors considered coverage options, customer service and cost.
Cheapest Iowa renters insurance companies
State Farm has the cheapest renters insurance quotes in Iowa.
A policy from State Farm costs around $10 per month. That's half the Iowa state average.
Compare Cheap Renters Insurance in Iowa
The average cost of renters insurance in Iowa is $21 per month, or $248 per year.
Renters insurance in Iowa is cheaper than in most other states. Nationally, renters insurance usually costs about $23 per month.
Cheap renters insurance quotes in Iowa
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | $10 | |
| Amica | $14 | |
| Lemonade | $14 | |
| Progressive | $18 | |
| Allstate | $23 | |
Best renters insurance in Iowa for most people: State Farm
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Cost$10/moThis analysis used renters insurance quotes for 25 of the largest cities across Iowa. Read our methodology.
Best customer service for Iowa renters: Amica
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Cost$14/moThis analysis used renters insurance quotes for 25 of the largest cities across Iowa. Read our methodology.
Best online experience for Iowa renters: Lemonade
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Cost$14/moThis analysis used renters insurance quotes for 25 of the largest cities across Iowa. Read our methodology.
Iowa renters insurance rates by city
Clinton, located on the Mississippi River, has the most expensive renters insurance compared to other large cities in Iowa.
The average cost of renters insurance in Clinton is $27 per month, which is $6 per month more than the state average. This could be due to the high number of property crimes in Clinton.
Ames, home to Iowa State University, has the cheapest rates, at $19 per month.
Cost of Iowa renters insurance by city
City | Monthly rate | % from average |
|---|---|---|
| Ames | $19 | -8% |
| Ankeny | $20 | -4% |
| Bettendorf | $20 | -4% |
| Burlington | $19 | -6% |
| Cedar Falls | $20 | -4% |
Renters insurance costs can change based on where you live. Your bill might be lower if you live in an area with a low crime rate or higher if you live far from a fire station. However, the cost of renters insurance is fairly consistent across Iowa compared to other states.
How to find the cheapest renters insurance in Iowa
To find the cheapest renters insurance for you, start by figuring out how much coverage you need. Then, you can shop around for quotes and look for discounts.
Figure out how much insurance you need. It's important to choose the right amount of coverage so you have enough protection without overpaying for coverage you don't need.
Compare quotes from multiple companies. In Iowa, there's a difference of $16 per month between the most and least expensive renters insurance companies. That could add up to a savings of nearly $200 per year.
In addition, each insurance company calculates rates differently. So, the best renters insurance for you may not be the same as the cheapest company for your friends, family or neighbors.
Ask about discounts. The best way to save is typically by bundling your renters and car insurance policies with the same company. Many companies also offer a discount for installing a security system or fire alarm.
You should also ask if you can save money by:
- Paying your annual bill upfront
- Signing up for automatic payments
- Getting policy documents and bills via email
You may also get a discount if you're retired or a non-smoker.
What renters insurance coverage do I need in Iowa?
Iowa has many types of severe weather, including tornadoes, hail, thunderstorms and snow.
Most basic renters insurance policies protect against these types of damage. However, your coverage could differ if you live in a high-risk area.
For example, renters living in areas with frequent tornadoes may have a separate deductible for wind damage. So, if high winds cause a tree to fall on your rental home, damaging your stuff, you'll have to pay more to replace it.
However, renters insurance doesn't pay for weather-related flooding. This includes flash flooding, rising rainwater and overflowing rivers or lakes.
If you live near a body of water or in a low-lying area, you should consider buying a separate flood insurance policy to protect your belongings.
Iowa renters insurance trends
Renters insurance prices have gone up 23.9% in Iowa over the last six years.
Iowa renters insurance rates went up between 0.2% and 114.1%, depending on the company, over the last six years.
Renters insurance prices, on average, saw little to no increase between 2020 and 2022, but did experience a sharp uptick of 16.6% across 2023 and 2024.
Among the major IA insurers, the biggest increases have been at IMT Mutual Holding (114.1%), Iowa Farm Bureau (65.9%) and Travelers (52.3%).
Renters insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Frequently asked questions
How much is renters insurance in Iowa?
Renters insurance costs $21 per month in Iowa, on average. The cheapest company in the state is State Farm, which offers coverage for about $10 per month.
Is renters insurance mandatory in Iowa?
The state of Iowa does not require renters insurance, but your landlord or property management company might. It's important to check your lease agreement before moving in to make sure you have enough coverage to protect you and your stuff.
How much is renters insurance in Des Moines, Iowa?
Renters insurance in Des Moines costs $22 per month, on average. State Farm has the cheapest rates in Des Moines, averaging $9 per month.
How much is renters insurance in Iowa City?
The average cost of renters insurance in Iowa City is $19 per month. That's $2 per month less than the Iowa state average.
Methodology
To find the best cheap renters insurance in Iowa, ValuePenguin evaluated quotes from eight major insurance companies in 25 cities and census-designated places across the state. Rates are for an unmarried 30-year-old woman who lives alone and has no recent renters insurance claims. Quotes include the following coverage limits:
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Loss of use: $9,000
- Deductible: $500
To determine the best companies in the state, our editors considered rates, customer service and coverage options.
Renters insurance star ratings are based on the National Association of Insurance Commissioners (NAIC) Complaint Index, the J.D. Power customer service satisfaction index and ValuePenguin's editors' rankings.
About the Author
Senior Writer
Lindsay Bishop is a Senior Writer at ValuePenguin, where she educates readers about home, auto, renters, flood and motorcycle insurance.
Lindsay began her career in the insurance and financial industry in 2010. She was a licensed auto, home, life and health insurance agent and held Series 6 and 63 financial licenses.
After a hiatus from the financial sector, Lindsay returned to the industry as a content writer for ValuePenguin in 2021. She enjoys having the opportunity to help readers make smart decisions about their insurance so they can be prepared for anything life throws their way.
When Lindsay isn't writing about insurance, you can find her spending time with family, enjoying the outdoors on Sunday long runs or riding her Peloton.
How insurance helped Lindsay
As a homeowner for 15 years located in South Carolina, Lindsay has plenty of experience navigating the coastal insurance market and managing the claims process. That includes successfully negotiating a full roof replacement claim.
Expertise
- Home insurance
- Car insurance
- Flood insurance
- Renters insurance
- Motorcycle insurance
Referenced by
- CNBC
- Yahoo Finance
- Miami Herald
Education
- BS/BA Economics, University of Nevada Las Vegas
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
