MoneyGeek’s car insurance calculator helps Iowa drivers gain an approximate estimate of their car insurance costs; rates may still differ based on coverage level, driving history, vehicle type and other factors. We’ve done research on key elements influencing premium calculations as well as average auto insurance costs across Iowa to give an idea of what they may look like for themselves.
Iowa law mandates drivers carry at least 20/40/15 liability coverage when operating a motor vehicle, meaning if an accident occurs your policy could cover up to $15,000 of bodily injury and property damage for other parties involved in the collision. Many drivers opt for more comprehensive automobile coverage by including collision and/or comprehensive options in their policies – although these options might cost more up front they often provide greater financial protection in case of an incident.
Iowa state minimum coverage requirements are legally mandated, yet you have the option to decline uninsured and underinsured motorist coverage by returning a form to your insurer. We encourage discussing all your options available with one of our GEICO representatives so they can provide full disclosure about them all.
Other key variables affecting Iowa car insurance premiums include adding a teen driver and the level of coverage you purchase. Adding a teenage driver will typically increase your premiums 3.2x due to their inexperience on the road and increased rates of involvement in accidents; additionally, your type of car will affect rates; high-value models typically attract higher premiums than smaller, fuel efficient ones.
Your credit history also plays an integral role in your rate. Drivers with good or excellent credit usually pay lower premiums. To help improve your score, regularly review your report to identify any discrepancies that could be hurting it and rectify them promptly.
Other factors that could affect Iowa car insurance rates are your location, driving record and personal details. When making this decision, always compare quotes from multiple providers and consider all available options – for instance you could save money by choosing higher deductibles or less extensive coverage limits or switching to usage-based models; or by consulting with a licensed insurance agent about which option would best meet your unique needs.