Iowa variant. This is a Iowa-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in Iowa typically runs about 0.30%–0.40% of home value per year. On the $220,000 median home, that's roughly $770 annually.
What Iowa homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. Iowa's $220,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the Iowa average for your build cost and deductible.
About taxes and housing in Iowa
Iowa is transitioning to a flat individual income tax, replacing its former graduated brackets.
Iowa has above-average property taxes that are administered locally and fund schools and county services.
Iowa's economy is led by agriculture, especially corn and soybeans, along with biofuels, insurance, and advanced manufacturing.
Worked example: $220,000 home
$220,000 × 0.35% ≈ $770/year ($64/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: 4.4-5.7%, transitioning to flat 3.9% by 2026
- State sales tax: 6% (plus 0.94% avg local)
- Median home value: $220,000
- Median household income: $70,571
- Effective property tax rate: 1.5%
- Avg auto insurance: $1,322/yr
Frequently Asked Questions
How much is homeowners insurance in Iowa?
Roughly $770/year on the $220,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in Iowa?
No - flood coverage is purchased separately through the NFIP or private insurers.