Car insurance for high risk drivers in Iowa

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With multiple at-fault accidents, tickets or a DUI, drivers may have a difficult time finding affordable rates for car insurance. In addition, reckless or high-risk driving in Iowa could lead to your license being suspended, restricted or revoked. Iowa high-risk auto insurance is an alternative coverage option you might need to consider if traditional vehicle insurance is no longer available or affordable.

High-risk car insurance rates in Iowa

The cost of your Iowa vehicle insurance depends on your driving record, vehicle and level of coverage, among other things. Iowa high-risk auto insurance is typically more expensive than traditional coverage. Each insurance carrier has its own threshold of risk when pricing your vehicle insurance. One car insurance company may provide affordable insurance for a driver with speeding tickets but increase premiums sharply after an accident or claim.

Rates after a speeding ticket

Speeding tickets could increase your car insurance rates to varying degrees, depending on the insurance carrier. There is no formula to determine which insurance company will be cheaper after a speeding ticket. However, Bankrate’s analysis of quoted rates from Quadrant Information Services found USAA, State Farm and American Family to be the most affordable carriers on average.

Car insurance company Iowa average annual premium for full coverage before a speeding ticket Iowa average annual premium for full coverage after a speeding ticket % difference
USAA $1,026 $1,259 23%
American Family $1,124 $1,191 6%
Auto-Owners $1,283 $1,498 17%

You may be able to avoid an increase in your insurance rates after a speeding ticket by completing an approved traffic school course. You may be able to complete the eight-hour course online or in person.

Rates after an accident

In Iowa, being held responsible for a car accident will typically raise your premiums more than a speeding ticket. However, high-risk auto insurance rates in Iowa vary greatly from one insurance company to the next.

Car insurance company Iowa average annual premium for full coverage before an accident Iowa average annual premium for full coverage after an accident % difference
USAA $1,026 $1,481 44%
American Family $1,124 $1,415 26%
Auto-Owners $1,283 $1,668 30%

USAA car insurance may start out as the cheapest coverage for safe drivers, but a single accident could increase your premiums an average of 44%. Meanwhile, American Family’s ’s rates increase an average of 26% after an accident. Finally, Auto-Owners rates increase 30%, on average, after an accident.

Rates after a DUI

Driving under the influence may be the most dangerous risk a driver could take both financially and safety-wise.

Here’s how getting a DUI in Iowa can potentially impact auto insurance rates.

Car insurance company Iowa average annual premium for full coverage before a DUI Iowa average annual premium for full coverage after a DUI % difference
USAA $1,026 $1,657 62%
American Family $1,124 $1,646 46%
Auto-Owners $1,283 $2,246 75%

Drivers convicted of a DUI in Iowa will also need to ask their insurance company to file a certificate of financial responsibility (SR-22) with the DMV to legally drive.

Car insurance rates for teen drivers

Car insurance premiums for parents in Iowa who add teen drivers to their policies are higher than average across other parts of the country.

Car insurance company Average annual premium for full coverage
USAA $2,583
State Farm $2,609
American Family $2,750

*16-year-old on their parent’s policy

Getting quotes from several carriers is generally the best way to find the most affordable car insurance.

Who is a high-risk driver?

Insurance companies consider drivers with a DUI conviction or with more than one accident or moving violation to be high-risk drivers. Teen drivers are also often considered high-risk due to their inexperience. High-risk drivers come in all ages and experience levels.

In Iowa, your license may be suspended for a number of reasons. If you have three or more accidents or tickets on your record, or if you have contributed to three or more accidents or tickets, within 12 months, your license could be suspended.

How to lower your rate if you’re a high-risk driver

High-risk drivers tend to have limited carrier options and higher premiums. One way to offset the higher premiums is by finding ways to lower the cost of coverage:

  • Shop around and compare multiple carriers to find the most affordable coverage based on your current needs.
  • Apply as many discounts as possible, such as low mileage, student driver or multi-line discounts.
  • Complete an approved, eight-hour traffic school course to possibly keep points off your driving record.
  • Increase your full coverage deductibles to the highest amount you can afford.
    Though it may seem insignificant, 5-10% savings on your car insurance could translate to hundreds of dollars over time.

Frequently asked questions

What is an SR-22?

An SR-22 is a form filed by your insurance company with the DMV on your behalf. It’s a certificate of financial responsibility that confirms you have the minimum amount of car insurance required to drive.

Do I need extra auto insurance if I’m a high-risk driver?

All Iowa drivers are required to have liability insurance with minimums of $20,000 in bodily injury and death per person, $40,000 total per accident and $15,000 in property damage. Uninsured and underinsured coverages must be offered but can be rejected in writing.

How many points do I get in Iowa if I cause an accident?

The number of points you are assessed for your accident will depend on the specific situation. If you were speeding, driving under the influence or if you caused an accident resulting in serious injury or death, you will likely get more points than you would from less serious accidents.

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.

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.

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with nearly a decade of experience in the insurance industry as a licensed insurance agent.
Edited by
Insurance Editor