It must be good to live here with the cheapest car insurance rates in the United States, one of the cheapest living costs and low uninsured drivers, too. It is no surprise that the state has one of the highest auto ownership figures of one car per person (1000 cars per capita). Overall, it is a pleasant and low risk state to be a driver and 2.2 million licensed Iowan drivers hasn’t got much to complain about. In terms of average household income, the Hawkeye State is right in the middle and close to the US average. So, they are neither rich nor poor.
This Midwestern state is bordered by the Mississippi River on the east and the Missouri River and the Big Sioux River on the west. It is the only U.S. state where eastern and western state borders are formed entirely by rivers. It is the 26th most extensive in land area and the 30th most populous in the USA. It has been listed as one of the safest states in which to live. This is a great accolade to have and Iowans must be very pleased with it.
Iowa Auto Insurance Requirements
- $20,000 for bodily injury or death per person.
- $40,000 total for bodily injury or death per accident.
- $15,000 for property damage.
Iowa laws don’t have a grace period for car insurance payments. Therefore policyholders should make sure that they don’t miss a payment if they want to keep their coverage.
Two drivers who are involved in a car crash can both be found partially at fault 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 his/her insurer.
If you get caught driving without automobile insurance in IA you may get a $250 fine, your vehicle can be impounded and its plates confiscated.
Here is further information about state required limits and further explanations.
You should look into getting full auto insurance coverage as well if you don’t already have it. If you want to explore all your options you should first study and think a little as to what type of a policy you need or want. Read the post if you are struggling to find answers to how much automobile insurance do I need? This will help you in your search for the best coverage. Once you know what you want it is easier to find it. In addition, you will not be influenced into buying something you don’t need or buying an inferior cover.
Perhaps you should start with getting a few online quotes at your leisure, find out about some of the terminology and find answers to questions you may have. This way you will educate yourself sufficiently that it will be easier to talk to some about insuring your automobiles. If you leave everything to your broker you will be dependent on him/her in many ways. They should be there to help and advice you but not to make a decision instead of you.
You may be scared to tackle these issues or even open and start reading your policy. It sounds like a scary subject and you may feel that it is foreign to you. However, you will soon get the hang of it and enjoy the challenge. It is a good feeling to find a great coverage for yourself while you are still saving money. This may sound too optimistic but many people manage to find much better options at lower prices when they shop around.
When you receive your renewal notice next time you should make sure that you are getting a good deal this time. It would be reassuring if your current insurer is in the mix with the other competitive insurers at the end of your searches. If not, you have a decision to make. You can either switch or talk to your insurer again and see if they can improve on the premium.
How Much Does Auto Insurance Cost in Iowa?
The Hawkeye State is known for its rolling plains and cornfields and neither of them worry insurers enough to charge high premiums. 3.1 million population is well spread across lovely countryside that creates perfect conditions for low premiums. Below 10% uninsured drives have little affect on average premiums as well.
Average cost of car insurance in Iowa is $572 and it is the second most economical state for insuring automobiles. Average premium expenditure per vehicle is $269 cheaper than the US average. You can also get cheap full coverage automobile insurance here as the average estimated cost is $989 and it is 25% lower than the national average.
Most motorists would be happy if they can buy a full coverage policy with decent liability, collision, comprehensive and uninsured motorist coverage under $1,000. However, you can even get it cheaper than that in a state with low rates. You can also pay three times higher premium if you don’t shop around and stay loyal to an expensive insurer. It would be a real shame to live in Des Moines and pay as high premium as drivers in Detroit, the most expensive city for car insurance.
Do you feel you are not getting a good deal and asking why is my car insurance so high? There could be several reasons for it. Sometimes, it may be obvious why you pay high premium like several speeding tickets or a recent at fault accident. However, it may be for a reason that has nothing to do with driving like bad credit history. You’d better read the post and get to the bottom of it. You don’t have to put up with high premiums in IA, especially after finding out that premiums are low in your state.
Cheap Car Insurance Companies in Iowa
You can have a long and clean driving 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 compare quotes. If you haven’t checked for alternative quotes for a while you are likely to save as much as $500 on your premium and below most affordable automobile insurers can help.
- Partners Mutual, $419
- IMT Insurance, $439
- Western National, $633
Rates are not far off from each other and the state average in most cities of IA. The exceptions are Sioux City, Council Bluffs and Maquoketa where rates are about 20% higher than the average. Iowa city has the cheapest premiums in the state and Des Monies rates are close to the state average.