Commonly referred to as the “American Heartland,” Iowa has been called one of the safest places to live in the United States. That bodes well for many people looking for car insurance. Iowa is relatively rural which helps keep auto insurance prices, but it’s still important to comparison shop when looking at Iowa car insurance. Don’t know where to start? Let us help you find the car insurance that you need.
Average Auto Insurance Prices in Iowa
The cost of insurance in Iowa will vary depending on several factors. Although there aren’t many urban areas in the state, Sioux City may still pay more than Ames for average car insurance. But remember that geography isn’t the only determining factor when it comes to your insurance premiums. Insurance companies look at a variety of factors that can include your driving history, marital status, prior insurance coverage, gender and age, and your credit score. The best way to save on Iowa auto insurance is to drive safely. The second best way is to our simple quote comparison tool.
- Current average annual auto insurance premiums in the United States: $1666.62
- Current average annual auto insurance premiums in Iowa: $1,179.00
Most Expensive Iowa Insurance Rates
- Kane (51501): $944
- Garner (51503): $944
- Sioux City (51105): $938
- Sioux City (51104): $938
Least Expensive Iowa Insurance Rates
- Franklin (50010): $772
- Franklin (50014): $772
- Ames (50012): $774
- Washington (50011): $776
Iowa Minimum Auto Insurance Requirements
While many states require all drivers purchase liability insurance, Iowa works slightly differently. Because of the Financial and Safety Responsibility Act, Iowa only requires that drivers prove financial responsibility following an accident. While liability coverage is one way to fulfill this responsibility, you can choose to do handle it in a variety of other ways. You can
- Pay the other driver for damages and medical expenses with a payment plan.
- Send a check to your Office of Driver Services.
- Get released from responsibility by the other driver.
- Provide evidence that the damage has been settled with the other party.
- Have a court excuse from liability.
If you let a friend driver your car, both of you will have to submit some form of financial responsibility. If you choose to purchase liability insurance, there are legal minimum requirements which must be maintained. Keep in mind that these are just minimum amounts and not the recommended values. Coverage limits which match your personal needs are likely more than the legal requirement, but it can be hard to understand just how much insurance you need. A trustworthy insurance agent will assist you with setting the right coverage limits.
- Bodily Injury Liability per person: $20,000
- Bodily Injury Liability per accident: $40,000
- Property Damage Liability: $15,000
The following amounts and policies are most common in Iowa.
- Bodily Injury Liability per person: $100,000
- Bodily Injury Liability per accident: $300,000
- Property Damage Liability: $100,000
- Uninsured Motorist Bodily Injury per person: $100,000
- Uninsured Motorist Bodily Injury per accident: $300,000
- Medical Payments: $5,000
- Collision: $500 deductible
- Comprehensive: $250 deductible
- Underinsured Motorist Bodily Injury per person: $100,000
- Underinsured Motorist Bodily Injury per accident: $300,000
Penalties for Driving Without Insurance in Iowa
Since Iowa doesn’t require that you purchase insurance to drive, it’s not a problem if you get pulled over and don’t have proof of insurance. The problem will arise if you’re driving and get into an accident and cannot provide financial responsibility. AT that point, you’ll lose your license and registration. The only way you can get out of having to prove financial responsibility after an accident is if the car was taken without your permission, if there was no other property damage or bodily injury, or if your car wasn’t moving at the time of the accident.
Of course, if you’ve faced multiple driving incidents, you could be required to show proof of insurance for two years. If you’re stopped and cannot prove that you’ve purchased insurance, your license and registration can be suspended. The best way to avoid any penalties is to always have a backup plan in place. Although accidents aren’t typical for Iowa residents, they do happen and it’s best to be prepared. If you don’t want to purchase insurance, try setting up an emergency fund for a car accident. It could come in handy when you least expect it.
How to Get Auto Insurance in Iowa
If you decide that you want to purchase Iowa vehicle insurance for peace of mind, let us help you find a policy that meets your needs. There are many different forms of coverage out there and depending on your automobile make and model, you may not need a comprehensive plan. On the other hand, there are some drivers that may feel more comfortable with comprehensive insurance. NO matter what you need, our simple quote comparison tool can provide you with affordable insurance quotes from some of Iowa’s most reputable insurers. It only takes a few minutes to get started!
Iowa Auto Insurance Resources
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