Are There Good Driver Discounts In Iowa
Yes, there are plenty of good driver discounts in Iowa.
Drivers with a clean driving record for the last three to five years have the greatest chance of saving on car insurance. In this case, insurers have classified you as low-risk profile, awarding discounted rates as a prize. However, every insurer classifies drivers differently. Some require a clean driving record for the three years, while other insurers may inch closer to the 5-year mark.
You can lower your insurance costs by paying higher deductibles, driving an older make and model vehicle, and bundling your auto and homeowners insurance policy under the same insurer. Also, do not forget about low mileage discounts offered to drivers who drive slower than the average number of miles in their region each year. Other car insurance discounts include:
Paperless billing or autopay discount
Required Coverages In Iowa
Liability insurance covers bodily injury and property damage claims resulting from an accident that is primarily your fault. The limits in your policy are the maximum amounts your insurance company will pay for bodily injury and property damage claims.
Iowa’s Financial Responsibility law requires you to maintain liability limits* of at least:
Car Insurance Rates For Drivers With Driving Violations In Iowa
You should expect that any insurance company will look at your driving record over the last three to five years, checking for accidents and other violations.
If you have a history of filing claims, companies may consider you a high-risk driver and will charge you more for coverage. Fortunately, most companies only focus on your recent history, so its possible to clean up your record and lower your rates after a violation.
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How Much Is Car Insurance In Iowa
The average cost of full coverage car insurance in Iowa is $1,264 per year, well below the national average rate of $1,674. The state-required minimum liability car insurance costs an average of $252 per year, way below the national average of $565.
Remember, car rates vary from driver to driver. For example, one driver may have a DUI mark and several moving violations, whereas another driver may have a spotless 5-year driving record with no moving violations and qualify for the cheapest car insurance in Iowa. Note: a single-car accident could cause your premiums to skyrocket two or three-fold, depending on the offense and your driving record.
How Much Does Car Insurance Cost In Iowa City
Average auto insurance cost in Iowa City is $954 per year, which is 39.1% less than the overall U.S. national average rate of $1,567. The average cost of car insurance per month in Iowa City is $80 for full coverage auto insurance.
In the state of Iowa, the average car insurance cost is $1,102 per year, so the cost in Iowa City averages $148 less per year. When rates are compared to other locations in Iowa, the cost to insure a car in Iowa City is around $162 per year cheaper than in Waterloo, $152 per year cheaper than in Sioux City, and $130 per year less than in Davenport.
The next chart goes into more detail for drivers age 20 to 60 by including rates for three different physical damage deductibles. Displaying these different rates can help visualize how the cost of car insurance increases with lower deductibles, and decreases with higher deductibles.
Average car insurance rates in the prior chart range from $722 per year for a policy with high physical damage deductibles for a 60-year-old driver to $2,196 per year for a 20-year-old driver with a low deductible policy.
When the rates in the chart are converted for monthly budgeting, the average cost of car insurance per month in Iowa City ranges from $60 to $183.
Driver age influences the cost of car insurance. The list below illustrates this by breaking down average car insurance rates in Iowa City for drivers from age 16 to 60.
Iowa City, Iowa, car insurance cost by driver age
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Cheapest For Young Drivers With One Speeding Ticket: Imt Insurance
Young drivers are likely to see increased car insurance rates after receiving a speeding ticket, though the price hike isn’t nearly as much as it is after an at-fault accident. The cheapest insurer for young drivers with a speeding ticket is IMT Insurance, which charges $676 for full coverage 49% cheaper than average.
How We Chose The Cheapest Companies In Iowa
NerdWallets editorial team analyzed car insurance rates from 16 auto insurers in Iowa and found the five cheapest options for drivers in several age brackets and with different histories, all driving a 2019 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in Iowa. For full coverage, we used the below coverage limits:
$100,000 bodily injury liability per person.
$300,000 bodily injury liability per accident.
$50,000 property damage liability per accident.
$100,000 uninsured motorist coverage per person.
$300,000 uninsured motorist coverage per accident.
Collision coverage with a $1,000 deductible.
Comprehensive coverage with a $1,000 deductible.
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Cheapest Car Insurance In Iowa For Seniors
Senior drivers in Iowa pay higher auto insurance premiums than young adults and middle-aged drivers. The average cost of auto insurance for senior drivers in Iowa is $806, which is $14 more than the average annual rate for a 40-year-old driver.
The cheapest full coverage options for senior drivers in Iowa are:
- GEICO: $498 per year
- State Farm: $604 per year
With an annual cost of $1,080, Travelers is the most expensive option for Iowa seniors.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
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Seniors are considered riskier to insure than middle-aged drivers. The typical driver’s license renewal period in Iowa is eight years. Once you reach age 66, the renewal period decreases to seven years and then two.
Seniors may have reduced reaction times and are more likely to be involved in collisions. However, those with clean driving histories may qualify for reduced auto insurance rates. In addition, seniors who shop around can save up to $582 in annual premiums.
Cheapest Minimum Liability Auto Insurance
Drivers must carry Iowas minimum liability auto insurance or face multiple fines and the loss of driving privileges. Generally, the cost of minimum liability insurance is fairly cheap, as it is a bare-bones insurance policy that will pay for others property damages and injuries if you cause an accident.
The average cost of minimum liability insurance in Iowa is $23 per month, or $276 a year.
However, this average cost can vary from insurance company to insurance company, as seen in the table of basic rates for liability car insurance in Iowa below.
Average Minimum Monthly Coverage Rates for the Top Auto Insurance Companies
Allstate, Farmers, and Travelers have some of the highest average rates for minimum liability insurance. If you are shopping for just minimum liability insurance rather than full coverage, it is best to try and get quotes from some of the cheaper companies in Iowa and avoid the more expensive ones. Comparing GEICO vs. State Farm auto insurance will allow you to see which company is right for you.
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How Much Is It For Cheap Liability Insurance Or The Minimum Required Car Insurance In Iowa
The average cost of state-required minimum liability car insurance in Iowa is $21 per month. This is the cheapest car insurance in Iowa and consists of bodily injury/death liability insurance and property damage liability insurance.
We highly recommend not opting for minimum liability car insurance coverage. One reason is its low property damage liability which is well below the cost of a new vehicle. One collision could cause $45,000 in property damage, forcing you to absorb out-of-pocket costs and wreck your budget.
We recommend increasing your coverage limits to $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident, and $50,000 property damage liability per accident.
Cheapest Car Insurance For Drivers With A Dui In Iowa
Severe driving offenses, such as a DUI, can increase your auto insurance premiums and require you to file an SR-22. Insurers consider it riskier to cover drivers with infractions. In Iowa, the average monthly cost of vehicle insurance for a motorist with a clean driving record is $792, while the average annual premium for drivers with a DUI is $1,306.
The cheapest options for Iowa drivers with a DUI who want comprehensive coverage are:
- State Farm: $682 per year
- American Family: $767 per year
Travelers offers the most expensive full coverage car insurance for drivers with a DUI in Iowa, at $2,184 per year.
AVERAGE CAR INSURANCE RATES WITH A DUI
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A DUI can significantly impact a person’s life, resulting in possible jail time, fines and loss of eligibility for low auto insurance rates.
Getting an affordable car insurance rate in Iowa with a DUI is difficult, but not impossible. Persons convicted of driving under the influence can shop around and compare quotes from several insurers to find the most affordable provider for their needs. Doing so can save you up to $1,500 per year.
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Driving Without Insurance In Iowa
Its illegal to drive without insurance in Iowa. Drivers must carry proof of insurance with them at all times when driving. This proof of insurance needs to verify you meet the minimum insurance requirements listed above.
If youre caught without proof of insurance in Iowa, then you could face fines, license suspensions, and even jail time, depending on the offense:
No Proof of Insurance : All fines and penalties dismissed after you provide proof of valid coverage at the time of the citation.
No Proof of Insurance : Maximum of $250 fine and SR-22 requirement for first offense. Additional fines, license suspensions, and revocation of driving privileges for second and subsequent offenses.
No Proof of Insurance After an Accident: SR-22 requirement, removal of license plates and registration, $15 administrative fee, additional towing and storage fees, 12 month suspension of license if damage to the other party exceeds $1,500, suspension of all vehicles registered under the owners name, and other possible penalties.
Faq’s For Drivers In Davenport Ia
What Is the Minimum Liability Coverage Requirement in Davenport, IA?
The vast majority of Iowa motorists simply opt to carry the minimum required coverage. This includes $20,000 bodily injury coverage per person, $40,000 bodily injury to more than one person per accident, and $15,000 property damage coverage per accident.
If you choose not to carry car insurance, you can demonstrate financial responsibility by filing a surety bond, cash, or securities equal to $55,000 with the state treasury. You may also drive a vehicle covered under a certificate of self-insurance from the Office of Driver Services.
In Iowa, youre also automatically provided with uninsured motorist coverage in the minimum amounts of $20,000 bodily injury per person and $40,000 per accident. You have the right to waive this coverage by submitting a written letter of refusal to your carrier, though. This is a fairly common approach to this type of coverage in the US.
- $20,000 Bodily injury coverage per person Maximum payment for serious or permanent injury or death to a single person
- $40,000 Bodily injury coverage per accident Maximum payment for serious or permanent injury or death to multiple people
- $15,000 Property damage per accident Maximum payment for all damaged property in an accident caused by you
What Is the Blood Alcohol Concentration limit in Davenport, IA?
Its illegal to drive in Iowa at the following BAC percentages:
Does Iowa allow the use of digital insurance cards?
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Car Insurance In Iowa
Finding cheap car insurance in Iowa does not have to be complicated or time-consuming. Car insurance rates in Iowa can depend on several factors, including age, credit score, and driving history. Discover the cheapest auto insurance rates for Iowa drivers and how to find them.
The average cost of car insurance in Iowa is $158 per month, or $1,896 annually.
Travelers is the cheapest provider we found in Iowa, with average premiums of $99 per month.
Your rates are determined by factors outside of your location, such as your age and driving record but by comparing car insurance quotes, you can ensure you find the best rate for your circumstances.
Iowa Car Insurance Requirements
Each state mandates what car insurance is required. Iowa is classified as an at-fault state, which means that if one driver is the primary cause of a car accident, they are financially responsible for the property damages and injuries of the opposite party. For this reason, Iowa law requires drivers to carry liability insurance with these minimum coverages:
- Bodily injury liability: $20,000 per person and $40,000 per accident
- Property damage liability: $15,000 per accident
Liability coverage doesnt protect you or your vehicle when youre in an accident, which is why its important to consider purchasing a full coverage policy that includes liability insurance, comprehensive coverage and collision coverage. However, keep in mind that lenders typically require drivers to have full coverage car insurance anway.
You can also add medical payments coverage or personal injury protection if you or a passenger gets hurt in a car accident. Sometimes, at-fault drivers dont have any or enough insurance to cover your damages or injuries, in which case, it could be smart to buy uninsured motorist/underinsured motorist coverage. Overall, when it comes to choosing between liability insurance and full coverage, you must think of your financial limits.
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Cheapest Minimum Coverage Car Insurance In Iowa For 60
Drivers in Iowa who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:
Western National: $141 per year, or about $12 per month.
State Farm: $159 per year, or about $13 per month.
Integrity: $160 per year, or about $13 per month.
Geico: $162 per year, or about $14 per month.
Hastings Mutual: $166 per year, or about $14 per month.
Cheapest Car Insurance For Iowa Drivers With A Ticket Or Accident
State Farm offers the cheapest car insurance to Iowa drivers with a ticket or accident on their record. The company’s full-coverage rates average $75 a month for drivers with a prior speeding ticket and $81 a month for those with a prior accident.
IMTs rates are next best for drivers with a prior ticket, $87 a month, or accident, $95 a month.
A ticket raises the average price of car insurance in Iowa by 17%, while an accident raises it by 40%.
|Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.|
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Average Car Insurance Cost In Iowa Compared To The National Average
How much is car insurance in Iowa? That depends on several factors, including the driver’s age, accident history, address, and vehicle make and model. But generally, Iowa auto insurance rates are below average compared to the rest of the nation. Here’s a look at how its average rates for some of the driver profiles above compare to the U.S. as a whole.
|Average Rate Category|
All drivers should familiarize themselves with these Iowa car insurance laws:
Cheapest Full Coverage Car Insurance In Iowa For 60
Drivers in Iowa with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:
Hastings Mutual: $606 per year, or about $50 per month.
State Farm: $688 per year, or about $57 per month.
Pekin: $787 per year, or about $66 per month.
Farm Bureau Financial Services: $811 per year, or about $68 per month.
Geico: $839 per year, or about $70 per month.
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Cheapest Minimum Liability Car Insurance In Iowa
Iowa’s cheapest car insurance option is a policy that meets the state minimum liability coverage requirement. However, liability car insurance only offers basic protection. Those looking for broader protection should consider getting higher levels of coverage.
The following insurance providers are the cheapest options for minimum coverage in Iowa:
- GEICO: $236 per year
- State Farm: $278 per year
USAA is the cheapest option at roughly $230 per year, but its only available to current and former military members. Meanwhile, Allstate is Iowas most expensive car insurance company, offering minimum coverage for $497 per year.
CHEAPEST MINIMUM CAR INSURANCE IN IOWA
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- Farm Bureau Mutual $329
These prices are only estimates based on rates for an average Iowa driver and should not be used to compare insurance prices.
Compare Insurance Rates
Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
Cheapest For Senior Drivers
Senior drivers only pay about $1,328 per year for their Iowa auto insurance. But those who choose Geico pay an even lower $933 per year.
Drivers 65 and up can also find cheap auto insurance in Iowa with these companies:
- State Farm, where the average 65-year-old driver pays $1,062 annually
- Nationwide, which charges these drivers about $1,110 per year
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Cheapest For Drivers With Poor Credit: Imt
For drivers with poor credit, IMT Insurance is the cheapest car insurance company in Iowa. While the average overall cost of full coverage in Iowa is $2,375 per year, coverage from IMT Insurance is just $1,457 39% cheaper than other companies.
Even though your credit score isn’t related to your ability to drive safely, having poor credit can raise the cost of car insurance for Iowans by 52%, on average.