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Best cheap homeowners insurance in Des Moines

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Des Moines residents pay an average of $1,267 a year for a $250K home, below the Iowa average of $1,502. Few natural disasters are common to the region, which keeps rates down, though it has seen tornadoes in the past. Des Moines homeowners might even pay less for home insurance, depending on their circumstances and the insurance company.

Bankrate took a look at homeowners insurance companies in Des Moines and ranked them based on cost, customer satisfaction, coverage and discount options and more. The best companies provide solid, comprehensive policies at a reasonable price point while providing efficient service.

Best cheap home insurance companies in Des Moines

Bankrate’s picks 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 from J.D. Power’s annual Home Insurance Study, which rates the customer experience for homeowners.

Home insurance company Average annual premium for $250k dwelling coverage J.D. Power Home Insurance Study score
Allstate $833 829/1,000
Auto-Owners $839 843/1,000
Nationwide $1,020 808/1,000
Travelers $1,062 803/1,000
USAA* $1,182 889/1,000

*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions.


Allstate might be an attractive choice for Des Moines residents, with an average annual rate of $434 below Des Moines’ average. The insurance company offers the usual standard coverage options for homeowners, including insurance for your dwelling, other structures and belongings, as well as liability and guest medical protection. It also offers a broad range of optional coverages, from yard and garden to flood insurance.

Allstate ranks in sixth place for customer satisfaction with J.D. Power, putting it above average. That means, as a customer of Allstate, you should easily find answers to your questions and quick claims processing. Its website is also one of the most consumer-friendly, allowing you to manage your policy online easily.

Learn more: Allstate Insurance Review


Despite its name, Auto-Owners sells far more than just car insurance; the company has a long and respected record of writing home insurance in Des Moines and other areas. In the city, its average rate is only slightly higher than Allstate’s, and it beats Allstate (and most of our other choices) by coming in third place in the J.D. Power study, indicating that the company places a premium on good customer relationships.

Auto-Owners is especially noted for policies geared towards high-value homes. The company offers an increased cost endorsement that provides up to an additional 25% of coverage when needed and equipment breakdown and special personal property coverage. These options allow you to customize your policy to fit your own needs.

Learn more: Auto-Owners Insurance Review


Nationwide’s average annual homeowner insurance rate is $247 less than the Des Moines average, so there is a good chance you can save money by asking for a quote from the company. However, it doesn’t score quite as highly as some of our other choices with J.D. Power, so if customer satisfaction is essential to you, there may be other providers that would be a better choice.

Nationwide offers several coverages as part of its standard policy that not all companies do, including unauthorized credit card use and ordinance or law insurance. Optional coverages include earthquake, water backup, and replacement cost plus, which gives you an additional 20% when necessary. There are also eight possible discounts available.

Learn more: Nationwide Insurance Review


Although it may be one of the more expensive options on our list, Travelers average annual rate still comes in below the Des Moines average, making it a cost-effective option for home insurance. The company features some expansive coverage options that allow you to create a policy that fits your specific circumstances. If you are ecologically-minded, for example, you will appreciate Travelers’ green home coverage.

Discounts could bring your rate down further, and they are fairly easy to earn. You will save up to 12% if you bundle your homeowners with auto insurance at Nationwide, for example. You could also save if you purchased your home in the last year, are claims-free, have protective devices such as a fire alarm, and if your home is certified green.

Learn more: Travelers Insurance Review


USAA sells policies solely to members of the military, veterans and their immediate families. If you fit that demographic, USAA should be your first stop when shopping for homeowners insurance. The company has a well-deserved reputation — backed up by its standing with J.D. Power — for excellent customer service. Its rates might be slightly higher than our other choices, but they are still below the Des Moines average.

USAA’s coverage options are broad and include some specifically designed for the military. For example, you will have special coverage for military uniforms in the event of a loss for deployed members. It also offers replacement coverage, which will pay for your personal belongings lost in a named peril without accounting for depreciation.

Learn more: USAA Insurance Review

Home insurance coverage options in Des Moines

Some things come standard with most homeowners insurance policies. For example, your dwelling will be covered (although limits will vary), as will your personal belongings up to a point (expensive items might require supplemental scheduled personal property coverage). Most policies also cover liability so that you would be covered to certain limits if someone were injured in your home.

Some types of coverage, however, are not typically included but may be worth considering for Des Moines homeowners. Here are a few of them:

  • Flood insurance: A standard homeowners insurance policy does not include coverage for flooding. Although Des Moines is not a coastal city, it does feature some significant bodies of water, including Saylorville Lake. If your home is located in a flood zone, consider adding a flood insurance policy.
  • Replacement cost coverage: Some policies only pay out to rebuild or replace based on depreciated costs following a disaster like a tornado. Replacement cost coverage, however, will replace your belongings (minus your deductible) without considering depreciation. If this does not come standard with your policy, it is worth considering.
  • Ordinance or law insurance: if you own an older home, this might be a good choice. Ordinance or law coverage pays whatever is required to rebuild your house to current building codes, which may differ from those in effect when the house was first built.

Home insurance discounts in Des Moines

Almost every home insurer offers at least a few discounts that might help you save on your premium. Many of them are not hard to qualify for — check online or with your insurance agent to see what discounts your company offers. Here are a few of the more common home insurance discounts:

  • Bundling: You can usually save money on both premiums if you have more than one policy with the same company, called bundling. Most commonly, this involves having homeowners insurance along with auto insurance from the same insurance company.
  • Loyalty: Some insurers will reward you with a small discount if you have been a policyholder for a certain number of years. Some companies even offer a discount just for switching to them.
  • New home: If your home is new or under a certain number of years old, you might save on your premium. Since new homes typically have fewer claims filed, insurers reward you with savings.
  • Safety devices: If you install smoke detectors, fire alarms, burglar alarms or other safety features, most insurers will offer you a discount.

Generally, you could save anywhere from four to 20% on your insurance premium if you qualify for one or more discounts. Typically, the most significant discount available is for bundling policies. If you find a company that you like, this 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 great insurance companies writing 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 several companies and compare prices while also paying attention to customer service, policy options and available discounts.

How much does home insurance in Des Moines cost?

The average annual premium for $250,000 in dwelling coverage in Des Moines is $1,267, slightly below the national average of $1,312. Keep in mind that your rates may vary. Multiple factors go into determining premium cost, including the location, condition and age of the house.

How much home insurance do I need in Des Moines?

Ideally, you want enough insurance to rebuild following a disaster such as a fire. Keep in mind that the cost to rebuild is what you will want to factor into your coverage limit for your home insurance, not your home’s market value. If your home is damaged or destroyed, insurance should cover the cost to rebuild your home and replace personal belongings. A licensed agent can help you determine exactly how much insurance you need.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage 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

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Written by
Mary Van Keuren
Insurance Contributor
Mary Van Keuren has written for insurance domains such as Bankrate,, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.
Edited by
Insurance Editor