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Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
Iowa auto insurance rates are pretty affordable for most drivers, but they still cost many people over $1,500 per year. It's possible to get those rates down, though, by seeking out the cheapest car insurance in Iowa. Here's a look at which providers offer the best rates for several common driver profiles.
Female drivers usually pay about $1,559 per year for Iowa auto insurance, while male drivers usually pay about $1,572 per year. But Geico offers both a better deal: Women pay about $1,174 annually while men pay just $1,089 per year.
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These insurers are also some of the best car insurance companies in Iowa:
State Farm offers the best car insurance in Iowa for drivers with a single accident on their record. Its average annual premium for these drivers is just $1,398 -- well below the state average of $2,095.
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These companies also offer cheap auto insurance in Iowa to drivers with an accident history:
State Farm also had the best rates for drivers with a single speeding ticket. While the average Iowa auto insurance rate for these drivers is $1,885 per year, State Farm drivers only pay $1,315 per year.
These companies also offer affordable car insurance in Iowa to drivers with speeding tickets:
The typical 18-year-old Iowa driver pays $3,484 per year for Iowa auto insurance. But those who choose IMT Insurance only pay about $2,183 per year.
Teen drivers can also get cheap car insurance quotes in Iowa from these insurers:
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:
Iowa minimum car insurance costs about $348 per year. That's not bad, but those who choose Geico can get coverage for $225 per year.
Cheap liability car insurance in Iowa is also available through these companies:
Drivers with bad credit should take a look at Geico. Its average annual premium of $1,654 for these drivers was well below the state average of $2,287.
These companies also offer great deals on Iowa auto insurance for drivers with bad credit:
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 | Iowa | National Average |
|---|---|---|
| Overall | $1,728 | $2,646 |
| Young drivers | $3,484 | $5,988 |
| 1 accident on driving record | $2,095 | $3,092 |
| 1 speeding ticket on driving record | $1,885 | $2,766 |
All drivers should familiarize themselves with these Iowa car insurance laws:
Iowa is an at-fault auto insurance state. This means if there's a multi-car accident resulting in injuries, the driver found to be at fault pays the bills for all parties involved. That's different from no-fault states where each driver bills their own insurance provider for medical costs.
Driving without Iowa auto insurance carries the following consequences:
All Iowa drivers must carry at least the following coverage:
Drivers must carry at least:
Drivers must also have at least $15,000 of property damage liability coverage.
Drivers seeking low-cost car insurance in Iowa should take the following steps:
Here are a few other things drivers ought to keep in mind when shopping for Iowa auto insurance:
Iowa only requires its drivers to carry $20,000 of bodily injury liability coverage per person and $40,000 per accident, plus $15,000 of property damage liability coverage. This is sometimes written as 20/40/15 coverage. Most other states require its drivers to carry at least 25/50/25 coverage so they're better protected in the event of an accident.
It's best to purchase more than state minimum coverage whenever possible. Car accidents, particularly those resulting in injuries, can quickly exceed state minimum coverage. If this happens, the driver is on their own to cover the rest.
Drivers should also consider beefing up their policy with collision and comprehensive coverage. Collision coverage pays to repair the policyholder's vehicle if it's damaged in an accident with another car or a single-car accident. Comprehensive coverage pays for repairs needed because of animal-vehicle collisions, theft, vandalism, bad weather, and more.
Need homeowners insurance? Check out The Ascent's guide to the best cheap car insurance in Iowa.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.
