If you plan on driving a vehicle in Iowa, you will need to buy some kind of car insurance. This guide will help you understand Iowa car insurance and help you decide which policy is the best to buy.
Call around. Car insurance rates vary among car insurance companies. You should try to call at least 3 or 4 different auto insurance companies in Iowa in order to get quotes on policies for car insurance coverage. This will give you a good idea of standard insurance coverage rates. Plus, you’ll be able to track down the best deal. If you don’t know which auto insurance companies to contact for a quote, use your local phonebook to find contact information for car insurance companies in your area. You can also ask friends and family members who their insurance companies are, or you can go with a company you used in the past. Another popular way to get car insurance quotes in Iowa is to search the internet for car insurance quotes. A quick search will net you hundreds of Iowa car insurance sites that offer quick quotes, like these:
You can expect to pay around $550 a year for car insurance if you live in Iowa.
Know what minimum liability coverage you need. As in every state, Iowa has minimum liability coverage requirements that your policy must meet. You need to have at least $20,000 single injury coverage, $40,000 total injury coverage, and $15,000 property damage coverage in case of an at-fault accident.
While the state of Iowa doesn’t mandate additional coverage like Uninsured / Underinsured Motorist coverage, collision coverage or comprehensive coverage, most car insurance companies in Iowa still offer it. This is because it is recommended that drivers purchase additional car insurance coverage beyond the state minimum. Doing so lessens the risk of having to pay out of pocket when accident fees exceed your policy’s coverage rates.
Realize that your credit affects your insurance coverage. If you are expecting to buy car insurance in Iowa, you should know that your personal credit history will be used, in part, to determine your auto insurance eligibility and rates. So the higher your credit score, the better your car insurance premiums will be in Iowa. In addition, auto insurance companies will look at your age, gender, car, location and marital status to determine your auto insurance rates. In general, those with better driving records (and good credit) will pay less for auto insurance coverage.
Know that Iowa is a Tort state. Iowa operates under a tort liability system. So any driver who causes an accident can (and will likely) be sued for expenses by the victims. If you cause an accident in Iowa, you’ll have to pay the victim’s medical bills, repair bills, and other fees related to pain, suffering and loss of wages. As is the case with other tort states, car insurance companies highly recommend that Iowa drivers carry more liability insurance than the state minimums. This additional car insurance coverage will financially protect drivers in Iowa in the event of an at-fault accident.