Why Homeowners’ Insurance is Becoming More Expensive in Iowa

Iowa’s homeowners are facing rising insurance premiums, a trend seen across the United States, according to Iowa Insurance Commissioner Doug Ommen. He attributes the price hikes to an increase in extreme weather events, which are causing more widespread damage and forcing insurance companies to reassess their policies.

Events such as derechos, straight-line winds, and heavier rainfall have become more frequent in recent years, causing extensive damage over large areas—often more so than tornadoes. As a result, insurance providers are adjusting coverage plans to account for the increased risks. This often leads to higher premiums or, in some cases, non-renewal of policies for affected homeowners.

Additionally, due to the growing frequency of hail and strong wind damage, some insurers are no longer offering full coverage for roofs that are more than a decade old. These measures are being taken to offset the financial burden caused by the rising number of claims.

A report from the 2025 Iowa Climate Statement, signed by nearly 180 researchers and educators, pointed to warmer temperatures and more extreme weather as key drivers of the rising insurance costs.

As weather patterns continue to shift, homeowners in Iowa are likely to face further challenges in securing affordable coverage, with insurers adapting their policies to mitigate the increasing financial risks posed by severe weather events.