Automobile Insurance in Iowa

The Hawkeye State has the cheapest state required minimum coverage car insurance rates in the US. The average full coverage policy premiums are fairly cheap too in comparison to other regions. Another comforting fact is that there are fewer uninsured drivers here than the country average. The state has one of the highest auto ownership figures of more than one car per person. Overall, it has pleasant and relatively safe roads for 2.3 million licensed Iowan drivers to enjoy. Iowa is considered to be one of the safest states to live in. Low crime and safe roads is a perfect combination for cheap vehicle insurance rates.

Collection of Pictures from Iowa

Automobile Insurance Requirements

Here are the minimum liability limits required by the authorities;

  • $20,000 for bodily injury or death per person.
  • $40,000 total for bodily injury or death per accident.
  • $15,000 for property damage.

Two drivers who are involved in a car crash can both be found partially at fault to varying degrees, according to modified comparative negligence law in Iowa. If you are deemed to be 51% or more at fault you cannot make a claim on the other driver or their carrier. And if you have $10,000 damages and you are found to be 30% at fault, you may receive a maximum of $7,000 compensation.

If you get caught driving without insurance with at least the above level of liability coverage, you may get a $250 fine, your vehicle can be impounded and its plates confiscated. Then, you will still have to buy the minimum required policy so that you can retrieve your car from the impound with a proof. Also there would be fees to be settled before they can release it. Considering Iowa has the cheapest auto insurance rates in the country, motorists may not be able to blame the costs for driving without insurance.

Iowa has one of the highest hail loss claims and deer-vehicle collisions in the country. Both damages are covered under Comprehensive coverage and therefore it makes sense to arrange a full coverage policy in this state if you have a decent automobile and can afford to pay the premiums.

Car Insurance Prices in Iowa

It is known for its rolling plains and cornfields and neither of them worries underwriters enough to charge high premiums. The 3.1 million population is well spread across lovely countryside that creates perfect conditions for enjoying the view while traveling through.

The lowest average state required minimum liability only car insurance cost in the country is here in Iowa at $223 and that is almost $400 cheaper than the US average.

You can also get cheap full coverage vehicle insurance here as the average cost is $1,315 and it is 35% lower than the national average. Full coverage policies may cost nearly 6 times higher than the policies for minimum required liability only coverage but this doesn’t necessarily make full coverage auto insurance premiums in this state expensive. It is still fairly cheap in comparison to the costs in other states.

Cheap Auto Insurers in Iowa

You can have a long and clean record, own a safe car, have a great credit history and still pay a lot more than an average driver who always shops for the best deals and compares quotes. If you haven’t checked for alternative quotes for a while and compared prices, you are likely to save money on premiums and below most affordable companies can help.

  1. State Farm
  2. Farm Bureau
  3. Western National
  4. Hastings Mutual
  5. Auto-Owners

Car insurance rates are not far off from each other and the state average in most cities here. The exceptions are Sioux City and Council Bluffs, where prices are about 10 to 20% higher. Iowa city has the cheapest and Des Moines rates are close to the state average. That means companies are equally happy about the risks and offer good deals across. This is a very rare thing as in some other states prices can double once you move to a large city.

Interesting Iowa Vehicle Insurance and Driving Facts

  1. Auto insurers in Iowa must offer Uninsured Motorist Bodily Injury (UM BI) coverage with a minimum of $20,000 per person and $40,000 per accident. However, drivers are allowed to decline this coverage by filling a form with their insurers. UM BI coverage pays for your and your passengers’ injuries and consequential losses if you are involved in an accident caused by an uninsured driver.
  2. This is one of the states with the least expensive overall costs for owning an automobile.
  3. Iowan drivers may face auto insurance increases of 21% after a speeding ticket, 44% after an at-fault accident and twice when you have a DUI on your record, on average.
  4. And people with poor credit pay 83% higher premiums in this state in comparison to motorists with good credit, according to Forbes.
  5. The most popular car in IA is the Ford F-150. With its robust body, ability to carry loads and pull trailers, it is a perfect vehicle favored by outdoor activity enthusiasts, farmers and rural communities.

The affordability of auto insurance rates in Iowa should act as a motivating factor for motorists to acquire sufficient coverage. Regardless of whether their premiums are considered inexpensive or costly, it remains crucial for drivers to conduct comprehensive research and engage in comparison shopping prior to policy purchase. This ensures they secure coverage that offers the best value for their needs.