Cheapest Auto Insurance in Iowa for 2021

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Insuring your car in Hawkeye State can be a positive experience. Several insurance companies offer cheap auto insurance in Iowa. The average annual cost of auto insurance in Iowa is $ 252 for minimum coverage and $ 1,260 for full coverage. Iowa offers, on average, some of the cheapest auto insurance in the country.

As with all states, if you live in Iowa, you should stay vigilant on the streets. The National Highway Traffic and Safety Association found that most of the accidents and deaths in the state were caused by drivers who got off the road in rural areas. The state also has one of the highest rates of deer autocollisions in the country. Therefore, fully comprehensive insurance that includes coverage for your vehicle in the event that you attack an animal can be beneficial.

The cheapest auto insurance in Iowa

Bankrate Insurance has received updated premium information from Quadrant Information Services for the largest insurance companies in Iowa by market share. While finding the cheapest auto insurance in Iowa can be a priority, we’ve also considered coverage, discounts, and customer satisfaction ratings.

When looking for the cheapest auto insurance in Iowa, you should first seek quotes from these companies:

Car insurance Average annual premium for minimum coverage Average annual premium for fully comprehensive insurance
USAA $ 208 $ 1,026
Iowa Farm Bureau $ 212 $ 1,082
Geico $ 223 $ 1,253
Car owner $ 230 $ 1,283
Progressive $ 256 $ 1,139

USAA

According to our research, USAA offers the cheapest auto insurance in Iowa for minimal coverage and full coverage. However, the company only sells insurance to current and retired military personnel and their immediate family members. Although USAA’s registration restrictions exclude it from the official ranking with JD Power, the company received the highest score in the 2020 JD Power US Auto Insurance Study in the Central region, which includes Iowa.

In addition, USAA offers numerous opportunities to save on top of the already low average prices. If you are insuring a new vehicle, are a safe driver, or drive low annual miles, you can qualify for a discount. The company also offers savings geared towards the military, such as discounts for storing your vehicle on a military base or storing your vehicle during your deployment.

Learn more: USAA Insurance Review

Iowa Farm Bureau

If you’re looking for a provider with low average pricing but don’t qualify for USAA coverage, Iowa Farm Bureau might be a good option. To save even more, you might be able to take advantage of Driveology’s telematics discount or the company’s Young Driver Safety program. You can also save in order to be damage-free, drive a low annual mileage or bundle your home and car insurance.

You can also customize your insurance coverage with options such as breakdown assistance or replacement cost coverage. And if you own a motorcycle, farm vehicle, or RV, Farm Bureau has insurance options for that too.

Learn more: Farm Bureau Insurance Review

Geico

Geico Iowa’s average prices are just below the state average, but the company offers a long list of discounts to help you keep your premium low. You can save yourself having certain vehicle safety features in your car, being a member of the military or federal employee, being a good student, or wearing your seat belt.

If you want to get your insurance done digitally, Geico’s technology could impress you. The company’s online customer portal is robust and the mobile app is rated highly in the App Store and Google Play. In the app, you can view IDs, make a payment, request breakdown assistance, claim damage or change your policy.

Learn more: Geico Insurance Review

Car owner

Auto-Owners is a regional airline and may not be as well known as some of the other companies on our list. However, the company offers an impressive auto insurance product. Car Owner has the highest average full coverage rate of any carrier on our list, but the higher premium comes with a number of unique coverage options, including the Personal Automobile Plus package, which offers identity theft protection and cell phone protection.

Car owner also offers several discounts to help policyholders lower their premiums. You can save by paying in full, bundling your home and car policies, creating paperless statements, getting a quote before your current policy expires and taking out life insurance with car owners.

Learn more: Review of Motor Liability Insurance

Progressive

Progressive is another contender for cheap auto insurance in Hawkeye State. The “Name Your Price” tool allows you to enter the amount you can pay and then populate a range of coverage options within your specified budget. Animal lovers with collision protection from Progressive will appreciate that their pets are also insured in the event of an accident. The carrier pays the veterinary costs if pets are injured in the vehicle in a car accident.

Progressive also offers numerous discounts to help lower your premium. You can save by getting your quote and getting your policy online, being a homeowner, insuring a good student, or joining Progressive’s snapshot driver program.

Learn more: Progressive Insurance Review

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 auto insurance with a minimum liability limit of:

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

Insurers are required to offer uninsured / underinsured motorist insurance at $ 20,000 / $ 40,000, but individuals can decline this insurance in writing if they so choose.

Remember, the minimum required coverage only pays for injuries and damage you cause to others. If you want to insure damage to your own vehicle, you need to add collision and fully comprehensive insurance to your car insurance. This is known as “full coverage”.

Although insurance with minimum coverage can be cheaper than full insurance, most insurance professionals encourage drivers to purchase higher liability limits if they are able to. If the damage from fault damage exceeds the amount of your liability insurance, you are responsible for paying the difference out of your own pocket.

How To Get Cheap Auto Insurance In Iowa

Iowa auto insurance rates are already below the national average, but there are still opportunities to make additional savings. You can save on car insurance in several ways:

  • Get multiple offers: The price of car insurance varies from provider to provider. It can be helpful to get several quotes before deciding on auto insurance so that you can compare the price each company offers for the coverage you need.
  • Find and apply for discounts: Many auto insurance companies offer discounts for students, professionals, military personnel, specific vehicle types, safe drivers, and the facility to set up automatic payments. Enjoy as many discounts as you qualify and potentially cut your car insurance bill.
  • Choose a higher deductible: If you have fully comprehensive insurance and claim your collision or fully comprehensive insurance, you have to pay the applicable deductible out of your own pocket. In general, the higher your deductible, the lower your premium. Be sure to state this change before you commit as it won’t always result in significant savings and make sure you can afford the higher deductible if you are involved in an accident.
  • Improve your credit score: Most auto insurance companies do credit checks to assess how likely it is that you will make a claim. When you have judgments and unpaid bills on your credit, your car insurance can be more expensive. Working on improving your creditworthiness can have a positive impact on your insurance premiums.

One of the best ways to keep your auto insurance premiums affordable is to keep a clean driving log. Avoiding accidents, tickets and DUIs can help you avoid surcharges on your policy that can dramatically increase your premium.

frequently asked Questions

What is the Best Auto Insurance in Iowa?

The best auto insurance in Iowa depends on your insurance needs and what you can afford. In order to find the best car insurance for you, you should first determine your personal needs and wishes. Then you can get quotes from multiple carriers that match your needs and compare coverage and premiums.

What is the average cost of auto insurance in the US?

The average annual cost of auto insurance in the US is $ 565 for minimum coverage and $ 1,674 for full coverage. Iowa rates are significantly lower at $ 252 per year for minimum insurance and $ 1,260 per year for full auto insurance. However, your premium will depend on your individual assessment factors, such as: B. Your age, the type of vehicle you drive, your driving history, your zip code, your gender and the coverages you have chosen.

What car insurance do I need if I meet a deer?

A state’s minimum required insurance does not cover the cost of repairing your vehicle if you encounter a deer or other wildlife while driving. To cover the cost of striking an animal, you need comprehensive coverage, sometimes referred to as “other than collision insurance”. Fortunately, most full auto insurance policies include both, so you are protected from collisions, damage from bad weather, beating animals, theft, vandalism and fire.

methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and airlines in all 50 states and Washington, DC Coverage Limits:

  • $ 100,000 personal injury liability per person
  • $ 300,000 liability per accident
  • $ 50,000 property damage liability per accident
  • $ 100,000 personal injury from an uninsured motorist per person
  • $ 300,000 personal injury to an uninsured driver per accident
  • $ 500 deductible in case of collision
  • $ 500 deductible

To set the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our Basic Profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles a year.

These are sample rates and should only be used for comparison purposes.

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