Iowa Homeowners Pay Some of the Lowest Insurance Costs In The Country
Briefly

Iowa Homeowners Pay Some of the Lowest Insurance Costs In The Country
"According to newly released American Community Survey (ACS) data from the U.S. Census Bureau, Iowa homeowners with a mortgage typically pay $1,000-$1,499 annually for homeowners insurance, while those without a mortgage also average $1,000-$1,499. Statewide overall costs fall into the same $1,000-$1,499 range. Iowa has 958,213 insured homeowner households in total-556,765 with a mortgage and 401,448 without."
"Compared with nearby states, Iowa is on the more affordable end. Illinois, Indiana, and Wisconsin homeowners with a mortgage all average $1,000-$1,499 annually. Minnesota trends slightly higher, with mortgaged households paying $1,500-$1,999. Missouri is also somewhat higher, with mortgaged homeowners paying $1,500-$1,999. Nebraska, by contrast, is more expensive, with costs in the $2,000-$2,499 range. This positions Iowa as one of the most affordable states in the Upper Midwest."
Iowa homeowners with or without a mortgage typically pay $1,000–$1,499 annually for homeowners insurance, and statewide overall costs fall into that same range. The state has 958,213 insured homeowner households, including 556,765 with a mortgage and 401,448 without. Among mortgaged owners, 58,135 pay less than $100 annually while 28,820 pay $4,000 or more; among owners without a mortgage, 70,822 pay less than $100 and 16,588 pay $4,000 or more. Compared with nearby states, Iowa is relatively affordable: Illinois, Indiana, and Wisconsin match its $1,000–$1,499 range, Minnesota and Missouri trend at $1,500–$1,999, and Nebraska averages $2,000–$2,499.
Read at SFGATE
Unable to calculate read time
[
|
]