Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in Iowa: Best Companies & Quotes
Best Car Insurance Companies in Iowa
- American Family
- State Farm
|American Family||Geico||Allstate||Nationwide||State Farm||Progressive|
|AM Best Financial Strength Rating||A||A++||A+||A++||A++||A+|
|JD Power 2019 Overall Customer Satisfaction score||4/5||3/5||3/5||3/5||3/5||3/5|
|Avg Annual Premium||$325||$522||$561||$439||$299||$315|
|Consumer Reports Reader Score||76||78||72||N/A||78||75|
Auto Insurance Statistics in Iowa
According to NAIC.org, the auto insurance premiums in Iowa seem to be stabilized at an affordable level. This means that drivers in Iowa can expect to pay fairly competitive premiums.
Top 10 Cheapest Car Insurance Companies in Iowa
|Rank||Company Name||Avg. Annual Premium|
|1||Farm Bureau Mutual (IA Group)||$836|
|10||IMT Insurance Company||$1,254|
Drunk Driving Fatalities
As motorists shop for vehicle insurance, it is important to consider the risk level of driving in the local areas. By reviewing reported drunk driving fatalities in the state of Iowa, you can get a better idea as to how likely this type of accident is to occur. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Iowa vs. nationwide.
Drunk driving fatalities in Iowa from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in Iowa has been fairly close to the national average and is only slightly lower than the rate of teen drinking and driving across the country. The below statistics represent the percentage of Iowa drivers that are teenagers who are drinking and driving when compared with national averages.
Teen Drinking & Driving in Iowa vs. Nationwide (2017)
SR-22 Insurance in Iowa
If you live in Iowa and you receive a DUI or a commit a driving infraction, the state might decide to ban you from driving until you can purchase SR-22 insurance. This insurance is a policy that will provide direct evidence to the local DMV that you have coverage — it also means the insurance provider will notify local authorities if you cancel the policy.
In Iowa, most drivers will need to have an SR-22 for two years after the offence is committed. This being said, this timeframe is not set in stone — the courts can choose to extend the period if they believe you need more control over your insurance coverage. Make sure never to drive a vehicle without the right amount of SR-22 coverage.
Car Theft in Iowa
Car theft in Iowa is significantly lower than the reported national averages. However, there are some car thefts which do occur which makes comprehensive auto insurance a strong consideration for Iowa drivers. The below data shows how Iowa ranks against other states nationwide in the number of car thefts.
Vehicle thefts by rank nationwide vs. Iowa
Uninsured Motorists in Iowa
It is recommended to consider having uninsured and underinsured motorist coverage when driving in the state of Iowa. When you get into an accident with a driver who is uninsured, you will have to pay out of pocket costs for car repairs if you don’t have this type of coverage in place.
The below data shows how well Iowa ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States in 2015)
Insurance in Iowa
Progressive, Hastings, Partner Mutual, Farm Bureau Mutual, and State Farm are the most affordable companies to work with for most people who reside in Iowa. This may or may not be true for you, but it does help you understand where to look when it comes to finding the best possible price for your insurance premium. Other factors include the following:
- The kind of car you drive
- Your credit
- Your driving history
- Where you live
If you have an older car, it’s more expensive to repair if anything happens to it. Sometimes it’s impossible if the vehicle is no longer made. It’s also more affordable to insure a vehicle that’s larger because it’s typically considered safer. If you have a larger engine, such as a V8, it’s going to be more expensive to purchase a policy. Your credit score is also a large factor. Iowa insurance companies need to know how financially capable you are of paying your bills and how you might behave as a customer. This is how they determine your rates in addition to checking your driving record.
It’s pretty self-explanatory that if you’re not a safe driver, you’re not going to get the best rates for insurance. Where you live is also important. Living in an area with a high crime rate or one with a low economic status typically means your car is at a greater risk for accidents and theft. Your insurance company will raise your rates because of this, and because many of the people who reside in the same areas are less likely to carry insurance policies of their own.
How To Lower Rates
If you really want to pay less, you’re going to need to learn how to lower your rates by asking. The first step is to call your current insurance company. Let them know you’re in the market for a lower rate and ask them what they can do for you to help you achieve that. This is a lovely option for anyone who has been with the same insurance company for many years without missing a payment, without making a claim, and without making changes to their policy. You become a valued customer when you do this, which is why these companies are more willing to work with you to lower your premium.
You can also check to see if any of the professional organizations you are a member of have any discounted offers for insurance. AAA is a good example of an organization that might allow you to receive an insurance discount when you get a AAA insurance quote. If you move your other insurance policies to the same company, you can get a discount for bundling home, life, and car insurance.
There’s another simple way to lower the cost of your premiums. You can save money by paying your premium in full at the beginning of the year rather than monthly. This allows you to avoid paying the hidden fee each month, which is around $5 – $10 depending on your policy. Many of the best car insurance companies offer you the chance to save money if you pay upfront by offering you a small discount of around 5%.
You aren’t required to pay the most expensive rates for car insurance, but you don’t have the power to change it all. You can change your age or gender, but you can change other factors that do affect your score more than others to make your policy more affordable.
Types of Auto Insurance Coverage in Iowa:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Minimum Requirements For Car Insurance in Iowa
There are minimum requirements for car insurance in the state of Iowa. According to the Motor Vehicle Division in Iowa, it is mandatory to have at least liability coverage for every registered driver who is operating a vehicle in the state of Iowa.
Liability Coverage minimums for the state of Iowa:
- $15,000 for property damage
- $20,000 per single bodily injury or death
- $40,000 per multiple bodily injury or deaths
Source: Motor Vehicle Division (MVD)
Cheap Auto Insurance Discounts
Discounts will reduce the amount that you have to pay each month. At CheapAutoInsurance.co, we want to help you save the maximum amount on your rates by helping you find discount car insurance offers you qualify for. That is why we have listed the most common car insurance discounts available. Browse the list below to see if any of the discounts apply to you for even more savings.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
Acquiring auto insurance in Iowa is important and you need to legally drive in the state. There are a few things that you’re required to have to get insurance and you may have to do some shopping around. Take a look at answers we’ve provided on getting insurance in Iowa.
Where can I get auto insurance in Muscatine Iowa?
When you get Iowa car insurance, who can drive your car?
When was car insurance mandated in Iowa?
What is required for full coverage auto insurance in Iowa?
Does my sr22 insurance cover other people who drive my car in Iowa?
What car insurance do I need in Iowa?
When buying a used car in Iowa do you have to have insurance from the dealership?
How to get high risk car insurance in Iowa city?
How does Iowa car insurance work?
What is the difference between stacked and unstacked car insurance in Iowa?
What do I need to get car insurance in Iowa?
How to check if someone has car insurance in Iowa?
What is the most common auto insurance coverage in Iowa?
How does Iowa no-fault auto insurance work?
How long do I have to transfer insurance to a new car Iowa?
Is car inspection required when I switch car insurance to state of Iowa?
What is bodily injury on an Iowa auto insurance card?
Full coverage auto insurance in Iowa includes what?
How long can a child stay on parents’ car insurance Iowa?
What is the recommended car insurance coverage amounts in Iowa?
How do I buy car insurance as an 18-year-old in Iowa?
When did the last change occur in the liability car insurance coverage for Iowa?
What could happen if I got a lapse in auto insurance before license reinstatement in Iowa?
If I drive without auto insurance in Iowa what will my fine be?
In Iowa, what are your minimum car insurance requirements for coverage?
What is the fine in Iowa for not having auto insurance?
How to transfer insurance from Nevada to Iowa?
Do you have to have full coverage insurance when financing a motorcycle?
Auto Accidents in Iowa
Even the most careful drivers may find themselves in an auto accident. Whether it is your fault or the fault of the other driver, it’s important to know what to do and the consequences that come with getting into an accident. Below are answers we provide about auto accidents.
Who is responsible in Iowa for driving car in accident if driver doesn’t have insurance?
In Iowa, when in a car accident, whose insurance pays to repair your car?
What happens if you do not call auto insurance company in Iowa after accident?
Iowa how long to make auto insurance claim?
How to file a claim against auto insurance Iowa?
Where do I send a check for Iowa Geico auto insurance payments?
In Iowa, how long to report car accident to insurance?
In Iowa, what if you don't fix the car after insurance, who pays your claim?
Getting the Best Rates
The rates for auto insurance vary wildly based on a long list of factors, such as the age of the driver and the type of vehicle they’re driving. In order to get the best rates, there is a lot you can do, such as shop around and have a clean driving record. Check out the answers we’ve provided on insurance rates in Iowa.