If you’re wondering how much car insurance in Iowa will cost you, try our online Iowa Car Insurance Calculator. We estimate costs based on information such as your age, location and driving record; plus we include optional coverages and discounts that could save you money.
Iowa Car Insurance Minimums & Coverage
In Iowa, drivers must purchase liability insurance covering $20,000 for bodily injury or death of one person in an accident and $40,000 for multiple people involved. You have the option to purchase higher limits but they can be costly. Furthermore, you may purchase comprehensive and collision coverage as extra protection.
Your car of choice can have a major impact on the cost of car insurance. Luxury models, for instance, may increase rates by up to two times.
Additionally, purchasing multiple policies with the same insurer can potentially lower your costs. Married couples typically find better prices when they purchase policies from the same company for both their cars and other types of coverage like home or life insurance.
Credit Scores and Insurance Rates
Drivers with poor credit are at a greater risk for filing claims, so insurance companies charge them more for policies. That’s why some insurers provide discounts to people with bad credit.
Teen Drivers Pay More Than Three Times the National Average
Young drivers have an increased likelihood of getting into an accident, which explains why they pay more for insurance. If you are a teen driver, it’s wise to compare quotes from several providers before making your decision.
Teen drivers should begin by searching for a company with competitive rates and excellent customer service. In addition to finding the lowest prices, it’s wise to shop around for car insurance discounts as well.
Consider investing in GAP insurance, which covers any difference between what you owe on your loan and the actual cash value of your vehicle after an accident. Having this coverage can protect your assets if your car is stolen or totaled.
Selecting a Good Insurance Company
While many insurance policies are standard, they can differ significantly by state. That is why it’s essential to select an insurer who understands your needs and collaborates with you to craft a policy tailored for your unique circumstance.
When selecting an insurance company, it’s important to take into account their customer service ratings and experience with customers in your area. Furthermore, read reviews from other customers who have had similar experiences.
Find a Local State Farm Agent
Consult with an agent to determine the proper amount of coverage for your individual needs and budget. They will explain all the available coverage types and how they can protect both personal property and your family’s financial future.
Finding the Lowest Rates in Iowa
No matter if you’re new to driving or have years of experience behind you, it’s always beneficial to shop around for car insurers in your area. Iowa boasts many companies offering various levels of coverage so there should be no trouble finding an affordable and dependable provider near you.