- Cheapest home and auto bundles in Iowa
- The company offering the cheapest home and auto bundle in Iowa
- Biggest home and auto bundle discounts in Iowa
- How do home and auto bundles affect car insurance rates in Iowa?
- What are the best home and auto insurance companies in Iowa?
- Home and auto bundle insurance in Iowa cities
- How does bundling home and car insurance work?
- The pros and cons of home and auto insurance bundles
- Should you bundle home and auto insurance in Iowa?
- Methodology
- FAQs: Home and auto insurance bundling
Cheapest home and auto bundles in Iowa
The total cost of a home and auto bundle depends on the base prices for the underlying home and auto insurance coverages. The discount is applied to each policy. The table below shows the average rates for home and auto insurance, as well as the total premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. with and without the bundle discount.
In Iowa, the least expensive car and home bundles are offered by State Farm, followed next by IMT Insurance.
| Company | Home premium | Auto premium | Bundle premium | Without bundle premium |
|---|---|---|---|---|
| State Farm | $2,615 | $953 | $2,564 | $3,568 |
| IMT Insurance | $1,756 | $1,499 | $2,946 | $3,255 |
| Auto-Owners | $1,645 | $1,733 | $3,003 | $3,378 |
| Nationwide | $2,627 | $1,144 | $3,015 | $3,771 |
| American Family | $2,524 | $1,396 | $3,193 | $3,920 |
| Allstate | $1,869 | $2,014 | $3,340 | $3,883 |
| Farmers | $2,747 | $1,513 | $3,522 | $4,260 |
| Iowa Farm Bureau | $2,828 | $1,442 | $3,598 | $4,270 |
The company offering the cheapest home and auto bundle in Iowa
State Farm
Our take: State Farm topped the list of auto insurance companies in a recent ranking, with customers giving it extremely high satisfaction scores. The company is also the top pick for home insurance, with customers giving it high marks for customer satisfaction, ease of service and for its various policy offerings. State Farm is the biggest property and casualtyLiability or loss resulting from an accident. insurance company in the nation.
Biggest home and auto bundle discounts in Iowa
With an average of 28%, the largest discount for bundling home and auto insurance can be found at State Farm. In contrast, at only 9%, the smallest multi-policy discount of the companies reviewed belongs to IMT Insurance.
| Company | Home and auto bundle discount |
|---|---|
| State Farm | 28% |
| Nationwide | 20% |
| American Family | 19% |
| Farmers | 17% |
| Iowa Farm bureau | 16% |
| Allstate | 14% |
| Auto-Owners | 11% |
| IMT Insurance | 9% |
How do home and auto bundles affect car insurance rates in Iowa?
The table below displays Iowa auto insurance rates both before and after a bundling discount is applied. The cheapest price after the multi-policy discount belongs to State Farm at $814. The most significant discount on auto is offered by American Family at 19%.
| Company | Auto premium before bundling | Auto premium after bundling | $ difference after bundling | % difference after bundling |
|---|---|---|---|---|
| State Farm | $953 | $814 | $138 | 14% |
| Nationwide | $1,144 | $987 | $156 | 14% |
| American Family | $1,396 | $1,135 | $262 | 19% |
| Farmers | $1,513 | $1,267 | $246 | 16% |
| Iowa Farm bureau | $1,442 | $1,343 | $100 | 7% |
| IMT Insurance | $1,499 | $1,401 | $98 | 7% |
| Auto-Owners | $1,733 | $1,525 | $208 | 12% |
| Allstate | $2,014 | $1,672 | $342 | 17% |
What are the best home and auto insurance companies in Iowa?
When shopping for the right company for your home and auto insurance, it’s important to consider more than just bundling. You want a company that has a solid reputation as well as great rates. Below are the best home and auto insurance companies in Iowa overall based on our analysis of rates, financial stability and customer complaints.
| Company | AM Best | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|
| West Bend Mutual | A+ | 0.42 | $1,545 | 5.00 |
| Auto-Owners | A++ | 0.33 | $1,890 | 5.00 |
| IMT Insurance | A | 0.35 | $2,326 | 4.50 |
| American Family | A | 0.37 | $2,324 | 4.46 |
| Farmers | A | 0.54 | $3,101 | 3.55 |
| Nationwide | A+ | 0.87 | $2,529 | 3.41 |
| State Farm | A++ | 0.95 | $2,432 | 3.40 |
| Allstate | A+ | 0.9 | $2,867 | 3.10 |
| Company | AM Best | JD Power by state | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|---|
| Auto-Owners | A++ | 829 | 0.5 | $1,461 | 3.83 |
| Travelers | A++ | 797 | 0.49 | $1,238 | 3.65 |
| State Farm | A++ | 833 | 0.7 | $1,306 | 3.49 |
| Progressive | A+ | 803 | 0.65 | $1,589 | 3.12 |
| Geico | A++ | 819 | 0.91 | $1,716 | 3.01 |
| Allstate | A+ | 806 | 0.65 | $2,126 | 2.78 |
Home and auto bundle insurance in Iowa cities
Where you live in Iowa will impact what you pay for an auto and home insurance bundle. Take a look at average home and auto insurance bundles by city below.
| City | Auto & home after discount | Auto & home before discount | $ Difference | % Difference |
|---|---|---|---|---|
| Lawton | $2,658 | $3,736 | $1,078 | 29% |
| Kalona | $2,515 | $3,488 | $973 | 28% |
| Muscatine | $2,888 | $3,618 | $731 | 21% |
| Churdan | $3,106 | $3,865 | $759 | 20% |
| Waukee | $2,846 | $3,558 | $711 | 20% |
| Bedford | $3,476 | $4,279 | $803 | 19% |
| Aurelia | $3,517 | $4,275 | $758 | 18% |
| Belmond | $3,084 | $3,780 | $696 | 18% |
| Des Moines | $3,646 | $4,427 | $780 | 18% |
| Urbandale | $2,977 | $3,624 | $648 | 18% |
| Albion | $3,317 | $3,983 | $666 | 17% |
| Altoona | $2,921 | $3,522 | $601 | 17% |
| Arion | $3,839 | $4,565 | $726 | 17% |
| Anamosa | $3,073 | $3,682 | $610 | 16% |
| Cedar Falls | $3,337 | $3,962 | $625 | 16% |
| Grimes | $3,218 | $3,842 | $623 | 16% |
| Ely | $3,041 | $3,530 | $489 | 14% |
| Davenport | $2,979 | $3,416 | $437 | 13% |
| Story City | $3,411 | $3,902 | $491 | 13% |
| Atkins | $3,254 | $3,711 | $456 | 12% |
| Iowa City | $2,704 | $3,056 | $352 | 12% |
How does bundling home and car insurance work?
The concept of bundling is pretty straightforward. You buy more than one type of insurance from the same company and, in exchange for the increased business, the insurance company gives you a discount. And there’s an additional benefit for the insurer for offering bundles: Customers who bundle are more likely to renew their policies.
You typically get discounts on both car insurance and home insurance when you bundle coverage. The discount isn’t equal for both policies. Each provider has its own discount formulas. Companies may offer a greater discount on one than the other.
The pros and cons of home and auto insurance bundles
The biggest benefit of bundling your home and car insurance is a cheaper premium.
But keep in mind that you don't always save money by bundling. You could find a company with a low enough price on one of the two policies to result in more affordable overall rates than a bundle elsewhere. Here’s how that works:
- If you pay $1,000 for car insurance from one provider currently and $1,200 for home insurance from another, the total is $2,200.
- Let's say, however, you decide to get your home insurance from your car insurance company. The price is $1,500 for the new home insurance policy, $300 more than what you pay right now.
- The new combined price would mean a $300 increase, totaling $2,500.
- You would need a bundling discount of $400 or so, at minimum, to decrease the total bundle rate by enough money to save when compared to the price you currently pay for the separate policies.
Bundled rates aren't always cheaper in absolute terms. This is why you should carefully compare what you pay for separate policies now to quotes on home and car insurance bundles.
Should you bundle home and auto insurance in Iowa?
Prior to signing up for an auto and home bundle, it’s important to shop around. Bundling your car and homeowners insurance has many advantages; you only have to deal with a single company and with a single bill and you typically get a discount on both policies. However bundling isn’t always the best deal.
Some companies have cheap car insurance rates but less competitive home insurance rates, and vice versa. You might pay less overall by choosing two different companies for your insurance.
Shop around and evaluate Iowa car insurance rates on an individual basis and with a bundling discount to make sure you’re getting the best deal before you buy.
Methodology
In the spring of 2023, Insurance.com analyzed rate and discount data from Quadrant Data Services. The rates, from 2022, are the most recent available to Insurance.com and are based on a 40-year-old male driver with a 12-mile daily commute, good credit and a clean driving history. Rates were fielded for a full-coverage policy (100/300/100 with a $500 collision and comprehensive deductible). Homeowners insurance rates are based on $300,000 in dwelling coverage with $300,000 in liability and a $1,000 deductible.
FAQs: Home and auto insurance bundling
Below are answers to common questions about bundling home and auto bundles and other multi-policy discounts that can save you money on your insurance.
What information do you need to bundle your policies?
To bundle your policies you will need all of the details for both the cars and the home you want to insure. That includes VINs, driver information and details about the home. Your current home and auto policies will list this information for easy reference.
Is there a limit on how many policies can be bundled?
Usually, you can purchase as many insurance policies as you want from the same company. However, that doesn’t mean you will get a bundling discount with every policy you buy. There may be a limit on the number of policies you can bundle with one company. For instance, you might only qualify for a bundling discount on the three most expensive policies. Speak with an agent from your insurance company to learn more about the limitations.
Which insurance companies bundle home and auto insurance?
Almost every insurance company offers a bundling discount, often called a multi-policy discount. Multi-policy discounts aren't just for auto and home. They often include other home insurance policies like renters and condo, as well as motorcycle insurance and in some cases life, RV, boat, and others.
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