Iowa has a high number of licensed drivers per resident — over 2.1 million of 3 million Iowa residents. Accidents due to distracted drivers using mobile phones have doubled in the last few years. Make sure you’re protected against the unexpected by having the proper amount of auto insurance to cover your losses and damages.
When shopping for car insurance, know what Iowa’s minimum state requirement insurance amounts are. To save money on your Iowa car insurance, compare price quotes from several insurance companies to find the cheapest premium. Luckily, Iowa has the lowest auto insurance rates in the country. Read more to learn about which auto insurance companies are best and how you can save on your car insurance.
Best car insurance companies in Iowa
The J.D. Power & Associates Customer Satisfaction Survey took data about customers’ experiences with auto insurance companies. We combined those ratings with information about coverage options, discounts, availability and unique offerings to select the top auto insurance companies in Iowa.
|Provider||Average annual full coverage premium||J.D. Power customer satisfaction score|
Founded in 1931, Allstate is one of the oldest auto insurance providers in the U.S.. It is also one of the top car insurance providers as the fourth largest insurance company in the nation. Allstate offers what most people will need with collision, comprehensive and liability coverages and add-ons such as personal injury protection, accident forgiveness, rental car reimbursement after an accident while your vehicle is repaired and roadside assistance.
Geico is the second largest car insurance provider in the U.S. with over 13.8% of the market share. Geico offers insurance for any type of transportation, making accessibility one of its key features. Additionally, Geico is known for affordable premiums, with the average annual rate for full coverage in Iowa being $1,206. Geico also offers a long list of discounts such as the more common ones like good student, defensive driving and new vehicle, along with not so common ones like seat belt use, vehicle equipment and military discounts.
Farmers started out selling coverage for farm vehicles in 1928. Since then, it has expanded its policy offering to include coverage for most automobiles. Farmers insures millions of insurers, however, it is only accessible in some states- Iowa being one of them. Farmers offers all basic auto coverage plans in addition to some extra coverage options such as New Car Replacement coverage.
Although Nationwide isn’t rated by J.D. Power Score in Iowa, it is one of the top insurance providers due to affordability, coverage options, and list of discounts. Nationwide made the cheapest on the list with the average annual full coverage premium being $999. Nationwide offers a long list of discounts, and provides even more savings for safe drivers through its Safe Driver program.
State Farm is one of the leading and biggest insurance companies in the U.S.. With over 19,000 employed agents across the country, State Farm provides local agents in each area code that can help customize coverage options. State Farm is especially a good option for younger drivers because of it Steer Clear and Drive Safe and Save programs. It also offers an additional discount for good students.
Average car insurance cost in Iowa
The average cost of car insurance in Iowa is $233 for minimum coverage and $1,234 for full coverage. The average Iowa driver can expect to pay almost $500 less than the average driver in the U.S., but this can be more or less depending on the approximate area code. Iowa may provide cheaper rates on average because Iowa has a low crime rate and the possibility of there being a hurricane or tornado is also low. The national average for full coverage is $1,738 annually.
|Average annual premium for minimum coverage in Iowa||Average annual premium for full coverage in Iowa|
How to get the best car insurance
In order to find the best car insurance, you’ll have to evaluate your needs and consider your geographic factors. Since each individual has different circumstances, driving and accident history, credit score, etc, the best car insurance for one person will not be the best car insurance for you:
- Evaluate your needs: A few things to consider when shopping around for car insurance are your past, present and future. Your past driving, claims and accident history can impact your ability to get a cheaper quote. Each insurance company has a different application process so it’s important to find out which car insurance companies will be more lenient if you have a negative driving history. Another thing to consider is your future goals. If you plan to buy a new car or home, you’ll want to look for car insurance companies that offer discounts or multi-policy options.
- Consider state factors: Each state has different geographic and environmental conditions so it’s important to understand your state factors. Since Iowa is located in the north western hemisphere, it receives heavy snow falls in some areas. If you reside in an area that receives more snow, it may be a good idea to get roadside assistance as an add-on. According to the III, 8.7% of Iowa drivers are uninsured. Uninsured motorist coverage is a good add-on option if you want to protect yourself against an accident with an uninsured motorist.
State minimum insurance requirements in Iowa
Like almost all other states, Iowa requires mandatory minimum levels of auto insurance. If you live in Iowa, you must have the following minimum liability insurance coverages:
- $20,000 for bodily injury, per person per accident
- $40,000 for bodily injury, total per accident
- $15,000 for property damage per accident
Car insurance discounts in Iowa
Don’t settle for the first auto insurance quote you receive. Many auto insurance companies in Iowa provide discounts that will help lower your annual premium. Here’s a quick look at how you can save more with the top Iowa car insurance companies:
|Automatic payment/paperless billing||X||X||X|
|Defensive driving course||X||X||X||X||X|
|Low annual mileage||X||X|
|Occupational or organizations||X|
|Safe driver/accident free||X||X||X||X||X|
Frequently asked questions
What information is needed in order to get car insurance in Iowa?
To get auto insurance, you’ll need:
- Your vehicle’s information including car make, model, year and vehicle identification number (VIN) that can be found on the dashboard of the driver’s side of the vehicle
- Your social security number
- Your driver’s license details
- Proof of residence in Iowa in the form of utility bills or a lease
- Insurance premium payment in the form of a check, debit or credit card
What is the state-required amount of auto insurance I need in Iowa?
If you live and drive in Iowa, you must carry liability insurance known as 20/40/15 with the following minimum coverage amounts:
- $20,000 for bodily injury per person
- $40,000 for bodily injury total per accident
- $15,000 for property damage
How can I get the best rate on my auto insurance?
Car insurance companies offer a variety of discounts to earn your loyalty. To get the best rate on your auto insurance, review our car insurance discount comparison table above and comparison shop at least three companies to find the best price.
Bankrate utilizes Quadrant Information Services to analyze 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 sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.