Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Average cost of car insurance in Iowa for 2023
The average cost of car insurance in Iowa is $1,260 for a full coverage policy, while the local average for minimum coverage is $252, according to Bankrate’s study of quoted annual premiums. That breaks down to $105 and $21 per month, respectively. Learning the ins and outs of how much car insurance costs in your area can help you to avoid overpaying. With a bit of guidance and research, it may be possible to find cheaper car insurance that offers similar coverage.
The first step is to understand that averages can hide a lot of variances. With so many factors going into how policy rates are made, it’s nearly impossible to understand your costs without learning a bit about how providers make these calls. From age and driving record to the location of your home address, the nuances of auto insurance rates can be complicated.
How much does car insurance cost in Iowa?
While location does matter, at both the state and city level, many other variables also factor into the cost of Iowa car insurance rates. Even so, it’s helpful to know the average cost in your state so you can control for it when considering these other variables.
The average cost of full coverage for Iowa drivers is $1,260 per year and $252 per year for minimum coverage. On the other hand, the annual average for the U.S. is $1,674 for full coverage auto insurance, showing that average car insurance rates in Iowa are relatively inexpensive when compared to the national average.
Beyond location, some of the top variables for impacting Iowa auto insurance rates are age, driving record, insurance score, insurance company and vehicle. Every insurance provider does things differently, but most include these factors in their rate calculations. The logic behind many of these factors is that they can help providers predict how expensive a customer might be to insure. Insurance providers use this data to help them figure out how much money they are likely to pay out in claims for a customer. This estimate is then used to help them determine rates.
Compare auto insurance rates
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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Iowa car insurance rates by company
It’s useful to know the overall cost averages for your state. Still, a breakdown by company can help to fill the picture in further. Even with all else held equal—the same customer, vehicle, and coverage types and amounts—every company is likely to offer at least a slightly different quote. Below you can see what the average costs for car insurance in Iowa are by insurance provider.
| Car insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Allstate | $473 | $2,135 |
| American Family | $405 | $1,124 |
| Auto-Owners | $230 | $1,283 |
| Donegal | $270 | $1,595 |
| Geico | $223 | $1,253 |
| Grange | $190 | $1,046 |
| Grinnell Mutual | $289 | $1,671 |
| Hastings Mutual | $221 | $858 |
| IMT | $207 | $1,400 |
| Iowa Farm Bureau | $212 | $1,082 |
| Pekin | $177 | $872 |
| Progressive | $256 | $1,139 |
| State Farm | $241 | $1,041 |
| USAA | $208 | $1,026 |
| West Bend | $191 | $888 |
| Western National | $165 | $1,559 |
Iowa car insurance rates by city
Average costs can vary significantly between cities within the state. For instance, Council Bluffs has an average that is 23% greater than the state average. In comparison, Ames has an average that is -16% below the state average. This chart compares the top 20 cities by population.
| City | Average annual premium for full coverage | % increase from state average annual premium |
|---|---|---|
| Des Moines | $1,216 | -2% |
| Cedar Rapids | $1,143 | -8% |
| Davenport | $1,213 | -3% |
| Sioux City | $1,332 | 7% |
| Iowa City | $1,065 | -15% |
| Waterloo | $1,196 | -4% |
| Council Bluffs | $1,534 | 23% |
| Dubuque | $1,150 | -8% |
| Ames | $1,048 | -16% |
| West Des Moines | $1,081 | -13% |
| Ankeny | $1,071 | -14% |
| Urbandale | $1,100 | -12% |
| Cedar Falls | $1,160 | -7% |
| Marion | $1,122 | -10% |
| Bettendorf | $1,167 | -6% |
| Mason City | $1,109 | -11% |
| Marshalltown | $1,164 | -7% |
| Clinton | $1,193 | -4% |
| Ottumwa | $1,182 | -6% |
| Burlington | $1,166 | -7% |
Iowa car insurance rates by age
Age is one of the more substantial variables when it comes to how insurance companies calculate auto rates. Different age demographics have significantly different chances of experiencing an auto accident, filing a claim, or receiving a ticket. Providers use this information to help them determine rates. As a result, the various age groups tend to have noticeably different average premiums.
*16-year-old calculated on parent’s policy disclosure; 18- and 20-year-old are renters
Iowa car insurance rates by driving record
Insurers use statistics to help calculate rates, based mainly on how expensive a customer is estimated to be to insure. Driving records have a strong statistical correlation with future performances and incidents, or the lack thereof. Therefore, even one traffic offense can increase your rates by a notable amount.
| Driving incident | Average annual full coverage premium in Iowa | % increase of average annual premium |
|---|---|---|
| Speeding ticket | $1,531 | 21% |
| Accident | $1,731 | 37% |
| DUI | $2,334 | 85% |
How to save on car insurance in Iowa
One of the most recommended ways to save money on auto insurance is to pursue discounts. Many insurance providers offer a variety of discounts that can help to reduce rates. In general, these discounts will be things that make you a safer, less financially risky driver. The less likely you are to be involved in a traffic violation, the more likely you are (generally) to qualify for discounts. Discounts aren’t the only way, though. When trying to find the best cheap car insurance in Iowa, every bit of savings can help:
- Discounts: One of the most convenient ways to save on car insurance is to pursue discounts offered by your insurance provider. These discounts can range from safe driving benefits to paperless billings discounts to bundled policies and more. In general, the more discounts you can qualify for, the more money you can save on premiums.
- Lower coverages: It can be a delicate balance, but one way to lower your premiums is to reduce your coverage limits. First, of course, you have to maintain at least the state minimums. Still, otherwise, it is generally at the customer’s discretion.
- Higher deductibles: Raising your deductible will reduce your rates, but it comes at a risk. A higher deductible means paying more money out of pocket before your insurance policy will help with costs.
- Credit score: Credit scores have an indirect but notable impact on auto insurance rates. This impact is because insurance providers use credit scores when calculating insurance scores. These values are used to help them determine how expensive a given customer might be to insure. This estimate, in turn, helps inform how much the provider will charge that customer for insurance.
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Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full 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 bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.