Best condo insurance companies in Iowa
In Iowa, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, scores, and ratings from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for major insurance companies in Iowa. Below are the best condo insurance companies in Iowa based on Insurance.com’s analysis.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| IMT Insurance | $168 | A | 0.35 | |
| West Bend Mutual | $141 | A+ | 0.42 | |
| Auto-Owners | $351 | A++ | 0.33 | |
| American Family | $458 | A | 0.37 | |
| State Farm | $248 | A++ | 0.95 | |
| Nationwide | $374 | A+ | 0.87 | |
| Farmers | $652 | A | 0.54 | |
| Allstate | $443 | A+ | 0.90 |
Average cost of condo insurance in Iowa
The average cost of condo insurance in Iowa is $435 a year or $36 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.
To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.
| Average annual premium | Average monthly premium |
|---|---|
| $435 | $36 |
Condo insurance calculator
Average condo insurance rates in IowaMost & least expensive ZIP codes for condo insurance in Iowa
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 51054 | Sergeant Bluff | $448 |
| 51111 | Sioux City | $447 |
| 51529 | Dunlap | $447 |
| 50310 | Des Moines | $446 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 52660 | Yarmouth | $390 |
| 52655 | West Burlington | $391 |
| 52637 | Mediapolis | $391 |
| 52623 | Danville | $391 |
Condo insurance rates in Iowa by coverage level
Based on a rate study by Insurance.com, West Bend Mutual provides the lowest condo insurance rates in Iowa based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.
IMT Insurance is the next cheapest option, offering low-cost condo insurance in Iowa at $168 per year. However, rates vary by coverage level.
The table below shows condo insurance rates from several top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| West Bend Mutual | $103 | $111 | $133 | $141 | $156 | $165 | $184 | $193 |
| IMT Insurance | $140 | $150 | $158 | $168 | $180 | $190 | $203 | $213 |
| Iowa Farm bureau | $221 | $229 | $235 | $243 | $240 | $248 | $244 | $252 |
| State Farm | $215 | $225 | $238 | $248 | $255 | $265 | $268 | $278 |
| Auto-Owners | $300 | $310 | $342 | $351 | $386 | $395 | $430 | $439 |
| Nationwide | $324 | $333 | $364 | $374 | $406 | $418 | $447 | $462 |
| Allstate | $367 | $387 | $423 | $443 | $469 | $489 | $508 | $528 |
| American Family | $403 | $415 | $444 | $458 | $478 | $493 | $507 | $522 |
| USAA | $580 | $580 | $646 | $646 | $698 | $698 | $744 | $744 |
| Farmers | $536 | $606 | $582 | $652 | $630 | $700 | $677 | $747 |
Condo insurance rates by company in Iowa
Rates for condo insurance by company in Iowa vary. It’s important to shop around and compare quotes to find the best price.
In the table given below, you’ll see condo insurance rates for major companies in Iowa. The cheapest company for condo insurance in Iowa is West Bend Insurance Company. IMT Insurance, and Iowa Farm Bureau, are the second and third cheapest options.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| West Bend Mutual | $141 | $12 |
| IMT Insurance | $168 | $14 |
| Iowa Farm bureau | $243 | $20 |
| State Farm | $248 | $21 |
| Auto-Owners | $351 | $29 |
| Nationwide | $374 | $31 |
| Allstate | $443 | $37 |
| American Family | $458 | $38 |
| Farmers | $652 | $54 |
| USAA | $646 | $54 |
Compare condo insurance rates by city in Iowa
Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Iowa.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.
Compare Iowa condo insurance rates with other states
Helpful home insurance tools and calculators
You might also be interested in- Traffic ticket calculator in Iowa
- SR-22 insurance in Iowa
- Best and cheapest non-owner car insurance in Iowa
- Iowa gap insurance: Everything you need to know
- Low-income car insurance in Iowa: What you need to know
- Iowa car insurance guide
- Cheapest car insurance for high-risk drivers in Iowa
- Cheapest home and auto insurance bundle in Iowa
- Best and cheapest renters insurance in Iowa
- Best and cheapest home insurance in Iowa for 2024