Best cheap home insurance in Des Moines
Residents of Des Moines pay an average of $ 1,267 per year for a $ 250,000 home, below the Iowa average of $ 1,502. Little natural disasters are common to the region, which keeps rates low, although it has experienced tornadoes in the past. Homeowners in Des Moines might even pay less for home insurance, depending on their situation and the insurance company.
Bankrate has looked at home insurance companies in Des Moines and ranked them based on cost, customer satisfaction, coverage and discount options, and more. The best companies offer solid, comprehensive policies at a reasonable price while providing efficient service.
Best Cheap Home Insurance Companies in Des Moines
Bankrate’s choices for the top five cheap home insurance companies in Des Moines, Iowa, are Allstate, Auto-Owners, Nationwide, Travelers, and USAA. All of these companies have average annual premiums below the Des Moines average. We also looked at each company’s score in JD Power’s analysis. Annual Home Insurance Study, which assesses the customer experience for owners.
|Home insurance company||Average annual premium for residential coverage of $ 250,000||JD Power Home Insurance Study Score|
|Car owners||$ 839||843/1000|
|At national scale||$ 1,020||808/1000|
|United States of America*||$ 1,182||889/1000|
* USAA is not eligible for official ranking with JD Power due to eligibility restrictions.
Allstate could be an attractive choice for residents of Des Moines, with an average annual rate of $ 434 below the Des Moines average. The insurance company offers the usual standard coverage options for homeowners, including insurance for your home, other structures and property, as well as guest liability and medical coverage. It also offers a wide range of optional coverages, from yard and garden insurance to flood insurance.
Allstate ranks sixth for customer satisfaction with JD Power, which puts it above average. This means that, as an Allstate customer, you should easily find answers to your questions and prompt handling of complaints. Its website is also one of the most user-friendly, making it easy for you to manage your policy online.
For more information: Allstate Insurance Review
Despite its name, Auto-owners sells more than just auto insurance; the company has a long and respected history of underwriting home insurance in Des Moines and other areas. In the city, its average rate is only slightly higher than Allstate, and it beats Allstate (and most of our other picks) by placing third in the JD Power study, indicating that the company is giving a great importance to good relations with its customers.
Auto owners are particularly notorious for policies focused on high value homes. The company offers an increased cost rider that provides up to 25% additional coverage when needed, as well as equipment breakage coverage and special personal property coverage. These options allow you to customize your font to suit your needs.
Learn more: Auto Owners Insurance Review
At national scale
Nationwide’s average annual home insurance rate is $ 247 less than the Des Moines average, so there’s a good chance you can save money by requesting a quote from the company. However, it doesn’t score as high as some of our other picks with JD Power, so if customer satisfaction is essential for you, there may be other vendors who would be a better choice.
Nationwide offers several coverages as part of its standard policy that not all companies offer, including unauthorized use of credit cards and insurance by ordinance or law. Optional covers include earthquakes, water reserve, and replacement cost plus, giving you an extra 20% if needed. There are also eight possible reductions.
Find out more: National Insurance Review
While this may be one of the more expensive options on our list, Travelers’ average annual rate is still lower than the Des Moines average, making it a cost effective option for insurance. dwelling. The company offers many coverage options that allow you to create a policy to suit your particular situation. If you’re eco-conscious, for example, you’ll appreciate Travelers’ green home blanket.
Discounts could lower your rate even further, and they’re pretty easy to earn. You’ll save up to 12% if you bundle your owners with auto insurance from Nationwide, for example. You could also save if you bought your home in the past year, if you haven’t had any claims, if you have protective devices like a fire alarm, and if your home is certified green.
Learn more: Traveler Insurance Review
USAA sells policies only to members of the military, veterans, and their immediate families. If you fit this demographic, USAA should be your first stop when shopping for home insurance. The company has a well-deserved reputation – backed by its reputation with JD Power – for excellent customer service. Its rates might be slightly higher than our other picks, but they’re still lower than the Des Moines average.
The USAA’s coverage options are broad and include some specifically designed for the military. For example, you will receive special coverage for military uniforms in the event of loss for deployed members. It also offers replacement coverage, which will pay for your belongings lost in named peril regardless of depreciation.
Learn more: USAA Insurance Review
Home insurance coverage options in Des Moines
Some things come standard with most home insurance policies. For example, your accommodation will be covered (although limits vary), as will your personal effects to a certain extent (big ticket items may require additional coverage provided for personal property). Most policies also cover third party liability so that you are covered within certain limits if someone is injured in your home.
Certain types of coverage, however, are not usually included, but may be worth considering for owners in Des Moines. Here are a few :
- Flood insurance: A standard home insurance policy does not cover flooding. Although Des Moines is not a coastal town, it has significant bodies of water, including Lake Saylorville. If your house is located in a flood zone, consider adding a flood insurance policy.
- Replacement cost coverage: Some policies only pay to rebuild or replace based on amortized costs following a disaster like a tornado. However, replacement cost coverage will replace your assets (less your deductible) without taking into account depreciation. If it’s not in your policy, it’s worth considering.
- Insurance by ordinance or law: if you own an older home, this might be a good choice. An ordinance or legal coverage pays for whatever is needed to rebuild your home under current building codes, which may differ from those in effect when the home was first built.
Home insurance discounts in Des Moines
Almost all home insurers offer at least some discounts that could help you save on your premium. Many of them are not difficult to qualify – check online or with your insurance agent to see the discounts offered by your business. Here are some of the most common home insurance discounts:
- Grouping: You can usually save money on both premiums if you have more than one policy with the same company, called a bundle. Most often, this involves having home insurance with auto insurance from the same insurance company.
- Loyalty: Some insurers will reward you with a small discount if you have been insured for a certain number of years. Some companies even offer a discount just for switching to them.
- New house: If your home is new or less than a number of years old, you could save on your premium. Since new homes generally have fewer claims filed, insurers reward you with savings.
- Security devices: If you install smoke detectors, fire alarms, burglar alarms, or other security devices, most insurers will give you a discount.
Typically, you could save four to 20% on your insurance premium if you qualify for one or more discounts. Typically, the largest discount available is for the policy bundle. If you find a business you like, it makes sense for many reasons and will also allow you to streamline the management of your policies.
Frequently Asked Questions
What is the best home insurance company?
There are a number of large insurance companies that write policies in Des Moines, and there is not one specific company that will suit everyone’s needs. To find the best home insurance company for your needs, get quotes from multiple companies and compare prices while paying attention to customer service, policy options, and available discounts.
How much does home insurance cost in Des Moines?
The average annual premium for $ 250,000 of housing coverage in Des Moines is $ 1,267, slightly lower than the national average of $ 1,312. Keep in mind that your rates may vary. Several factors go into determining the cost of the premium, including the location, condition and age of the home.
How much home insurance do I need in Des Moines?
Ideally, you want sufficient insurance to rebuild after a disaster such as a fire. Keep in mind that the cost of rebuilding is what you’ll want to factor into your coverage limit for your home insurance, not the market value of your home. If your home is damaged or destroyed, insurance should cover the cost of rebuilding your home and replacing personal effects. A licensed agent can help you determine exactly how much insurance you need.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on 40 year old male and female owners with a clean claim history , good credit and the following coverage limits:
- Coverage A, Housing: $ 250,000
- Cover B, Other structures: $ 25,000
- Coverage C, Personal Property: $ 125,000
- Coverage D, Loss of use: $ 50,000
- Coverage E, liability: $ 300,000
- Coverage F, Medical Payments: $ 1,000
Homeowners also have a $ 1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should only be used for comparison purposes. Your quotes will be different.