2026-09-10 · Iowa · Compliance · Reported — unconfirmed

Reported: Iowa homeowners insurance premiums rose 28% in 2025, the third-largest increase in the country behind Louisiana and California, bringing the average to $2,802 a year. Over 2024 and 2025 combined, Iowa premiums are reported up 54%.¹

Where the number comes from, and what it covers

This is press reporting of a private-sector analysis, and both halves of that matter. Iowa Capital Dispatch reported the figures on March 18, 2026, citing a home insurance price projections report by Insurify, a private company. Insurify projected a further 4% increase through the end of 2026. Iowa recorded 32 tornadoes in 2025, below its roughly 50-per-year average.

The article notes that insurers nationally are shifting risk to homeowners through mechanisms such as percentage deductibles and insuring roofs at actual cash value rather than replacement cost.

The reporting addresses single-family homeowners insurance. It says nothing specific about condominiums, homeowners associations, or master policies. We flag that squarely because the association implication set out below is our inference from how these policies interact, not something the article reports.

The regulatory silence

We read the Iowa Insurance Division's complete Commissioner's Bulletins index for 2025 and 2026. Every bulletin in the window is on another subject: managed care premium tax deferral, national producer number overrides, a fingerprinting vendor, adjuster and appraiser licensure under SF 619, short-term limited duration plans, pharmacy benefit managers, rescission, and preneed sellers.²

Despite a reported 28% increase, the Division issued no bulletin on the homeowners market, on wind and hail deductibles, or on condominium master policies. That silence is the finding. There is no official Iowa figure to check the private projection against, and no state guidance for associations facing master-policy renewals.

One correction worth carrying, because the misreading is easy: Bulletin 25-06 concerns pharmacy benefit managers. It is not a property insurance bulletin, whatever a search summary may suggest.

1. Iowa Capital Dispatch / KCRG, "Nearly all states have rising home insurance premiums. Iowa's rose 28% in 2025," Mar. 18, 2026 ↩
2. Iowa Insurance Division, Commissioner's Bulletins index (no 2025–2026 bulletin on the homeowners market or condominium master policies) ↩
3. Fannie Mae Lender Letter LL-2026-03, Project Standards and Property Insurance Requirements (Mar. 18, 2026) ↩