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
- Country Financial tops the list with a 4/5 stars overall, scoring well across all categories including price, policy offerings, billing process, interactions and claims process. The insurer received a perfect score for policy options.
- Geico earned an average rating of 3 out of 5 five stars, but it received a perfect score for price and coverage options. A lower than average score of 2 stars in claims experience affected its overall rating.
- Grange Insurance earned 3/5 stars with competitive pricing as its highest rating.
- The Hartford is at the top of the list with 4/5 stars across the board for an above average rating in every category except for pricing.
- State Farm earned 4/5 stars with above average ratings in all categories except claims experience and billing options, where the company was rated as average.
|Company||JD Power Rating||AM Best||BBB|
|Country Financial||4 out of 5||A+||A+|
|Geico||3 out of 5||A++||A+|
|The Hartford||4 out of 5||A||A+|
|Nationwide||3 out of 5||A+||A+|
|State Farm||4 out of 5||A++||A+|
Finding the right cheap car insurance in Iowa for you
Car insurance is not a one size fits all solution. Factors that can affect the cost of car insurance include:
- Your home zip code
- Car make and model
- Number of miles driven
- Credit history
- Driving history
- Driver ages
- Amount of insurance coverage
- Deductible amount
When searching for the best cheap car insurance, compare insurance providers to find the best policy for your needs and budget.
Cheapest Iowa auto insurance rates for good drivers: Geico
Geico earned a perfect five stars in the JD Power Customer Satisfaction Survey for pricing. Customers found the insurer to offer the best value of insurers in Iowa. The discount options make it possible to find savings in several categories. According to The Zebra, an average annual auto insurance premium with Geico is $1,024.
Cheapest Iowa auto insurance rates for students: State Farm
State Farm leads the competition when it comes to special student pricing. It offers 25% on vehicle insurance for high school and college students with good grades up to the age of 25. Other discounts students can take advantage of include the Steer Clear Program where a new driver under 25 years of age without any at-fault accidents or moving violations in the last three years could save as much as 15% on their insurance rates.
Cheapest Iowa car insurance for people with low credit: Geico
Car insurance companies believe that drivers with low credit may be riskier to insure. An insurer’s concern that a person with a poor credit history may not pay their premiums drives auto insurance prices up. A 2019 study by U.S. News found Geico’s annual premium of $1,644 to be the lowest of all insurers for low credit score drivers. Nationwide comes in at second place at $2,053.
Cheapest Iowa auto insurance for drivers with a previous accident: The Hartford
Everyone makes an occasional mistake. If you feel like you’re paying for an error you made years ago, check out The Hartford. They offer 12 month rate protection, which means that your premium won’t change in price for the remainder of the year — even after an accident. The First Accident Forgiveness program will review and erase any penalties that may increase your premium after one car accident. The Disappearing Deductible also rewards drivers who have been driving accident-free long term.
Average car insurance cost in Iowa
Iowa has the cheapest car insurance rates in the country, according to the Insurance Information Institute. The average insurance expenditure is $628.10 and the average cost of liability insurance is only $311.99.
The Zebra breaks down average Iowa auto insurance prices by analyzing what different types of drivers would pay for coverage:
|Avg insurance cost for state minimum insurance requirement (liability only)||$331.86|
|Avg comprehensive insurance with a $500 deductible||$1,017.82|
|Avg cost of full coverage for a good driver with good credit history||$1,662|
|Avg cost of full coverage for drivers with accidents, DUI or a poor driving record||$1,197 to $1,737|
|Avg cost of full coverage for an 18-year-old driver||$3,233|
Auto insurance discounts in Iowa
Don’t settle for the first auto insurance quote you receive. Some of the most common discounts that could save you money every month include:
- Anti-theft equipment like alarms that deter thieves
- Automatic payment plans, electronic billing or annual prepayment
- Hybrid or electric vehicle driving discounts
- Good driving history discounts for drivers without tickets or accidents
- Good student discount for students with good grades
- Multi-policy discounts when you include other insurance products like health or homeowners’ insurance
- Vehicle safety equipment discounts for newer cars that feature equipment like anti-lock brakes, airbags and collision warning
Here’s a quick look at how you can save more with the top Iowa car insurance companies:
|Country Financial||Geico||The Hartford||Nationwide||State Farm|
|Hybrid and alternative fuel cars||x||x|
|Good driving history||x||x||x||x|
|Vehicle safety equipment||x||x||x||x|
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
Frequently asked questions
What is the cheapest car insurance in Iowa?
The cheapest car insurance in Iowa depends on several factors. To get the best insurance rates, refer to our tables above for a quick reference of how Iowa insurance rates can vary and how you can save on your vehicle insurance.
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.