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Cheapest car insurance in Iowa for 2024

According to Bankrate’s analysis, Hastings Mutual and Progressive may offer lower-than-average car insurance rates for Iowa.

Updated Feb 01, 2024
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The cheapest car insurance companies in Iowa

In Iowa, car insurance rates generally fall below the national average, providing financial relief for many drivers. On average, residents are looking at an annual expense of $1,683 for full coverage and $317 for minimum coverage. To find the most cost-effective option tailored to individual needs, explore the options below to help you find the cheapest car insurance companies in Iowa.

Key takeaways

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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.

Cheapest car insurance in Iowa for minimum coverage

When considering car insurance in Iowa, many drivers opt for a liability-only or minimum coverage policy to save on premiums. This option covers the state-required basics, ensuring you're legally protected when driving. However, while it may be more affordable upfront, it's worth noting that minimum coverage may not provide comprehensive protection in all accident scenarios. Among the available options, Hastings Mutual stands out as offering the most competitive rates. For those seeking the cheapest minimum coverage in the state, here are several more options to consider:

Insurance Company Average monthly premium Average annual premium Savings vs state avg. for min coverage
Hastings Mutual
$11
$134
- $183
$15
$175
- $142
$16
$195
- $122
West Bend
$17
$199
- $118
Pekin
$17
$203
- $114

Minimum coverage requirements for Iowa drivers

Iowa, like most states, has minimum car insurance limits. All vehicle owners in the state of Iowa must have car insurance with minimum liability limits of:

  • $20,000 bodily injury per person
  • $40,000 bodily injury per accident
  • $15,000 property damage per accident

Insurers are required to offer uninsured motorist coverage and underinsured motorist coverage at $20,000 and $40,000, respectively, but individuals can reject this coverage in writing if they prefer.

Keep in mind that the minimum required coverage only pays for injuries and damages you cause to others. If you need coverage for damages to your own vehicle, you will need to upgrade your car insurance by adding collision and comprehensive insurance. This is referred to as “full coverage.” While minimum coverage insurance can be less expensive than full coverage, most insurance professionals encourage drivers to purchase higher liability limits if they are able to do so. If the damages from an at-fault loss exceed the amount of liability coverage you carry, you will be responsible for paying the difference out of pocket.

Cheapest car insurance in Iowa for full coverage

For those drivers in Iowa who prioritize comprehensive protection, a full coverage policy is an ideal choice. Unlike the state-mandated minimum coverage, full coverage includes additional benefits such as collision and comprehensive coverage, offering a safety net against accidents, theft, or other unforeseen events. While it tends to be pricier, shopping smartly can yield savings. Hastings Mutual, for instance, stands out with rates that are an impressive — a compelling option for those looking for robust coverage without breaking the bank. However, there are a handful of other companies that offer below average rates:

Carrier Monthly full coverage premium Annual full coverage premium Savings vs state avg. for full coverage
Hastings Mutual
$46
$550
- $765
$68
$813
- $502
$75
$900
- $415
Pekin
$76
$917
- $398
West Bend
$78
$936
- $379
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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.

Cheapest car insurance in Iowa for drivers with prior incidents

Driving history plays a significant role in determining car insurance premiums. In Iowa, like in many states, drivers with prior incidents such as accidents, speeding tickets or DUIs can expect to see their rates rise. These incidents often categorize drivers as "high-risk," leading insurers to charge higher premiums to offset potential claims. However, even with a blemished record, there are insurance providers in the state that offer competitive rates. It's crucial for such drivers to shop around, understand their options and find the best balance between coverage and affordability.

Cheapest insurance companies for drivers in Iowa with a speeding ticket: Hastings Mutual

Receiving a speeding ticket conviction is a red flag to insurers that can significantly increase your rates. Still, some companies are more lenient on these infractions than others. Below are the five cheapest car insurance companies in Iowa for drivers who have been convicted of speeding:

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
Hastings Mutual
$173
$722
$208
$1,352
$223
$1,595
Western National
$243
$2,505
Pekin
$252
$1,445

Cheapest car insurance for drivers in Iowa with an at-fault accident: Hastings Mutual

Being deemed at fault for an accident can be costly in the short and long term. Causing an auto accident, depending on the insurer and other variables, can severely impact your premiums. How much will depend on the insurer and the size of the claim filed, on top of additional details regarding how the accident occurred. However, some companies penalize these instances less than others. Below are the five cheapest car insurance companies in Iowa for drivers who have been at fault for a car accident:

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
Hastings Mutual
$137
$628
Western National
$243
$2,505
Pekin
$269
$1,516
$275
$1,800
$318
$2,011

Cheapest car insurance in Iowa for high-risk drivers: Western National

Being deemed a high-risk driver typically has the biggest impact on rates, as it tends to result from several infractions. It can also occur when drivers are convicted of a severe infraction, like a DUI. In general, DUIs are considered the most severe high-risk infraction and companies may refuse to cover drivers who have been convicted of a DUI. Below are five of the cheapest car insurance companies in Iowa for high-risk drivers:

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$202
$1,372
Western National
$243
$2,505
West Bend
$367
$1,945
$385
$2,442
$409
$1,943
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Bankrate’s take: Securing car insurance after a DUI can be challenging in Iowa. Not every insurer will offer coverage to those with DUI convictions due to the elevated risk they represent. A DUI indicates to insurers that a driver might be more prone to future incidents, resulting in possible substantial claims. If you're navigating this situation, you might encounter the requirement for an SR-22 — a certificate your insurer files with the state proving you have the minimum coverage. It's essential for drivers with DUIs in Iowa to ensure they adhere to state car insurance criteria, including obtaining an SR-22 if mandated, to avoid further legal issues. Being informed about these stipulations will aid in maintaining proper insurance coverage and regaining driving privileges.

Cheapest car insurance for young drivers in Iowa

In Iowa, young adult drivers often face steeper car insurance premiums compared to their older counterparts. Their limited driving experience combined with statistical data showing a higher likelihood of being involved in accidents means insurance companies often deem them a higher risk. This age group, particularly those in their late teens to early 20s, may encounter rates that reflect these concerns. It's essential for young drivers in Iowa to be aware of this trend, but also to know that with time and a clean driving record, their rates can decrease as they age and gain more driving experience.

Cheapest Iowa car insurance for insuring a teen driver: Progressive

Adding a teen driver to your policy can increase your rates quite a bit, although the specifics vary between companies, drivers and policies. Teens and young drivers are generally seen as more inexperienced drivers who represent a higher risk to insurers. To balance this, companies charge higher rates for teens. However, many insurance companies offer student and teen discounts for those who maintain good grades or complete driver education programs. These discounts can be a financial relief for parents and guardians, providing an incentive for young drivers to excel academically and prioritize safe driving habits.

Still, it’s often cheaper to insure a teen on their parents’ policy than to rate them for their own. Below are the five cheapest car insurance companies in Iowa for adding a teen driver to your policy.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$332
$1,611
Hastings Mutual
$333
$1,481
$443
$2,518
Donegal
$470
$3,621
Pekin
$528
$2,127
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Bankrate’s take: Insurers use various methodologies when calculating rates for teen drivers, often centered around perceived risks associated with inexperience on the road. Teenagers, by virtue of their limited driving history, lack the track record that demonstrates safe driving habits. This unknown often translates to them being seen as potential liabilities, hence the elevated premiums. Insurers use past data and risk models to determine that younger drivers, on average, are more likely to be involved in accidents or make claims. This perception of higher risk is why insurance costs tend to be higher for teens, even if they are added to an established policy.

Cheapest Iowa car insurance for teens with a ticket: Hastings Mutual

In Iowa, a speeding ticket on a teen driver's record can drastically affect insurance premiums. Insurers perceive these infractions as a sign of recklessness, particularly in younger drivers. Yet, for those searching for budget-friendly options, Hastings Mutual stands out as the most economical choice.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
Hastings Mutual
$473
$2,020
$652
$3,687
$716
$3,900
Western National
$717
$5,638
$732
$4,013

Cheapest Iowa car insurance for teens with an at-fault accident: Hastings Mutual

A teen's at-fault accident can significantly impact car insurance rates. Such incidents underscore the vulnerabilities of young, less experienced drivers, making them a heightened risk in the eyes of insurers. As a result, premiums often rise sharply after such incidents. Despite this, Hastings Mutual emerges again as a beacon of affordability, offering some of the most competitive rates for teens with at-fault accidents in the state.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
Hastings Mutual
$439
$1,942
$676
$3,774
Western National
$717
$5,637
$807
$4,385
$894
$4,883
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Bankrate’s take: Iowa operates under a tort system, which means that the state determines fault in the event of an accident. The party deemed at-fault is responsible for covering the damages caused to the other party. This is why having appropriate liability coverage is crucial for drivers in the state. Additionally, while accident forgiveness isn't a state-mandated offering, many insurers in Iowa do offer it as a feature. This can be beneficial for drivers, as it may prevent their premiums from increasing after their first at-fault accident, though conditions often apply.

Cheapest Iowa car insurance for young drivers with a DUI: Progressive

Young drivers caught with a DUI face severe penalties, both legally and in terms of their insurance premiums. As they are already perceived as high-risk due to their age and inexperience, a DUI amplifies this risk perception for insurers. However, Progressive emerges again, offering some of the most affordable rates for young drivers who have been convicted of a DUI.

Insurance Company Avg. annual min coverage premium Avg. annual full coverage premium
$352
$2,168
Western National
$529
$4,554
$633
$4,003
$696
$4,117
$782
$3,466

Cheapest car insurance rates by city in Iowa

The city you call home in Iowa can significantly influence your car insurance rates. Factors like repair costs, frequency of traffic accidents and the average vehicle value can differ widely from one city or ZIP code to another. In the tables below, we’ve collected the cities with the most affordable cheap insurance in Iowa:

Cheapest cities in Iowa for car insurance

Charles City
City average annual min coverage premium
$290
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$90
Colwell
City average annual min coverage premium
$285
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$90
Bernard
City average annual min coverage premium
$300
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$92
Cascade
City average annual min coverage premium
$295
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$92
Durango
City average annual min coverage premium
$304
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$92

Cheapest car insurance in larger cities in Iowa

Cedar Rapids
City average annual min coverage premium
$356
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$146
Davenport
City average annual min coverage premium
$405
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$104
Des Moines
City average annual min coverage premium
$407
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$168
Iowa City
City average annual min coverage premium
$315
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$108
Sioux City
City average annual min coverage premium
$390
Cheapest car insurance carrier
Hastings Mutual
Company average annual premium
$164

Car insurance discounts in Iowa

Car insurance discounts are often one of the simplest ways to save on car insurance in Iowa or elsewhere. While discounts and eligibility differ between companies, there are several common types of car insurance discounts to consider. Below are some of the more commonly available discounts that may help with Iowa car insurance savings:

  • Young drivers discounts: Some companies offer discounts for young drivers receiving good grades, whether in high school or college.
  • Safe driver discounts: Drivers who maintain a clean driving record for multiple years may be eligible for a discount based on their lack of driving infractions.
  • Safety device discounts: Some insurers offer discounts on vehicles that have added safety devices to prevent theft, injury or damage.
  • Pay-in-full discounts: Your insurer may offer a discount if you pay up-front for the entire year of premiums.

Frequently asked questions

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carriers reviewed
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quotes analyzed

Methodology

Bankrate utilizes Quadrant Information Services to analyze the latest rates in February, 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate increases filed by insurance companies and are weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. 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 coverage that meets each state’s requirements. Our base profile drivers own a 2022 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.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Teens: Rates were determined by adding a 16-year-old teen to a 40-year-old married parent’s policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy. 

Age: Rates were calculated by evaluating our base profile with the ages 18 and 21 applied. Drivers are renters on their own policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

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Written by
Ashlyn Brooks

Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.

Edited by Editor, Insurance