Iowa Auto Insurance

Auto insurance in Iowa

A valid insurance policy is imposed by the law and it also serves the purpose of helping you stay protected, should an accident occur. Whether the respective vehicle is used for personal or professional purposes, having adequate insurance is a must. The lapse in the mandatory insurance means that you are liable for fines, up to $1000; there is also a definite risk for the suspension of your driving documents, meaning the driver's license or the vehicle registration. If you are interested in discovering more information on the topic of auto insurance in Iowa, just keep on reading.

What type of car insurance do you legally need in Iowa?

According to the Mandatory Liability Insurance Act, all Iowa residents who intend to operate the moving vehicle must be covered by a liability insurance policy. If the vehicle owner does not have the mandatory insurance, he/she will have to pay fines or bear the suspension of the driving documents. Most states also have an online insurance verification system, which is used to determine whether a vehicle has insurance or not.

For a resident to operate a vehicle in the state of Iowa, the respective auto insurance must meet several requirements. These include: bodily injury liability ($40,000 per accident and $20,000 per person), property damage liability ($15,000 per accident), and uninsured/underinsured motorist bodily injury ($40,000 per accident and $20,000 per person). The full coverage insurance is superior to the minimum liability coverage, and it can include optional coverages, such as comprehensive and collision insurance. It is recommended to choose a higher liability coverage limit than the one imposed by the law in Iowa. This ensures the best possible protection in case of accidents.

The sums mentioned above refer to the amount insurance providers are able to pay, should you be involved in an accident for which you are at fault. The current law requires that all drivers carry a copy of their insurance policy while driving. In Iowa, it is illegal to drive without insurance, with consequences such as the ones mentioned above. Should the driver continue to operate the vehicle without a valid insurance policy, jail time might be enforced legally.

Average cost of auto insurance in Iowa

How much does car insurance cost in IA? The state minimum auto insurance policy in Iowa has a value of $270. However, a full coverage insurance policy has an average value of $1,261 per year. Collision and comprehensive coverage might not be included in this policy, which means you don't have to calculate your budget accordingly. Several factors influence the overall insurance rates including: type of vehicle, presence of prior insurance, number of miles driven, location, driving record, age, gender, and marital status. It is always recommended to choose an insurance policy that offers the best possible coverage, as the cheap ones are not necessarily the best ones.

As you might notice for yourself, the average cost of car insurance varies from one state to the other. you can expect such differences for both the minimum and the full coverage, especially if you add optional coverages, such as comprehensive and collision insurance. among the factors considered, there are: weather-related accidents, at-fault accidents, number of drivers versus the general population, uninsured drivers in their respective location, and road conditions.

Iowa has a significantly lower rate for the average car insurance than the national median, which is around $1,770. The state the most expensive auto insurance policies include: California, Colorado, Florida, Louisiana, Michigan, Nevada, New York, and Pennsylvania. As for the states with the most affordable auto insurance, these are: Maine, Nebraska, New Mexico, North Dakota, Oregon, Tennessee, Washington, and Wisconsin. New York is one of the most expensive states, with $2,996 for the full coverage and $1,339 for the minimum one. Maine has some of the best rates to offer, with $876 for the full coverage and $227 for the minimum one.

Within the state of Iowa, you might also discover that there are differences between various cities. Ankeny has some of the best rates to offer, while Sioux City is among the most expensive in terms of auto insurance. The average annual premiums are as follows: Ankeny - $1,189; Cedar Rapids - $1,259; Davenport - $1,333; Des Moines - $1,348; Sioux City - $1,469.

The overall value of the auto insurance is influenced by the age of the driver, among other factors. Young drivers must be prepared to pay more for this type of insurance, as insurance companies do not see them as responsible in comparison to adults. A teenage driver usually has an annual premium of over $7,700, while a middle-aged driver will expect a premium that is close to $2,000. Gender differences are present as well, with men benefitting from better rates on their insurance policies. The same goes for married couples, who benefit from the most affordable policies, in contrast to those who are divorced, single, or widowed.

In calculating the final value of a potential coverage policy, insurance providers will analyze the credit history of the driver. Having exceptional credit also means you will save significant sums on your insurance premium, in contrast to someone who deals with a poor credit history. The presence of prior driving offenses, such as speeding, DUI/DWI, at-fault accidents, and reckless driving, can also increase the overall insurance rates. The type of coverage influences the value of the insurance policy. Drivers are encouraged to add both comprehensive and collision coverages to the state minimum policy.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Iowa. Find car insurance in Iowa by city, zip code or county name.

Finding the right auto insurance in Iowa

We can help you find the right insurance policy, with careful consideration to your needs and available budget. Thanks to our years of experience and knowledge accumulated in the field, we are more than pleased to match vehicle owners with the best policies. Just give us a call and we will offer all the support you might need. Keep in mind that the service is free-of-charge, and it will save you from having to go through various providers yourself. As a result, you will have more time to focus on important matters.