GITNUX MARKETDATA REPORT 2024
Statistics About The Average Home Insurance Cost Iowa
The average annual home insurance cost in Iowa is $1,230.
With sources from: nerdwallet.com, homeinsuranceking.com, insurance.com, homeinsurance.com and many more
Sources
In this post, we will explore various statistics regarding home insurance costs in Iowa. From the statewide average being 21% lower than the national average to specific figures in cities like Iowa City, Council Bluffs, and Ankeny, we will provide an in-depth look at the average premiums and trends across different locations in the state.
Statistic 1
"The statewide average home insurance cost in Iowa is 21% less than the national average."
Statistic 2
"Iowa City sees an average homeowners insurance rate of $1,208 per year."
Statistic 3
"The most expensive city for home insurance in Iowa is Council Bluffs, with an average annual premium of $1,675."
Statistic 4
"The cheapest city for home insurance in Iowa is Ankeny, with an average annual premium of $1,088."
Statistic 5
"The average premium for a $200K dwelling following a $1,000 deductible in Iowa is $1,081."
Statistic 6
"In Ames, Iowa, the average annual home insurance cost is around $1,200."
Statistic 7
"In Cedar Rapids, homeowners can expect to pay an average of $1,265 per year for home insurance."
Statistic 8
"In Dubuque, the average annual home insurance premium is $1,245."
Statistic 9
"Davenport homeowners pay an annual average of $1,305 for home insurance."
Statistic 10
"Among the homeowners in West Des Moines, the average annual insurance cost is $1,226."
Statistic 11
"Homeowners in Clinton, Iowa pay an average of $1,278 per year for home insurance."
Statistic 12
"Average home insurance in Burlington, Iowa is around $1,309 per year."
Statistic 13
"In Mason City, the average annual home insurance premium is $1,234."
Statistic 14
"In Ottumwa, homeowners can expect to pay an average of $1,200 per year for home insurance."
Statistic 15
"For a typical Iowa home (median value around $142,300), homeowners insurance costs around $1,134 per year."
Statistic 16
"Iowa’s average home insurance rate is lower than the U.S. average rate by about 25%."
Interpretation
In conclusion, the statistics reveal that Iowa generally has lower average home insurance costs compared to the national average, with the statewide average being 21% less. There is variation across different cities in Iowa, with Council Bluffs being the most expensive and Ankeny being the cheapest. The average annual premium for a $200K dwelling with a $1,000 deductible is $1,081 in Iowa. Overall, homeowners in Iowa can expect to pay around $1,134 per year for home insurance, which is approximately 25% lower than the U.S. average rate.
Jannik Lindner
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