Where you live is very important when it comes to the amount of car insurance that you will pay. The good news is that car insurance in Iowa is much lower than the national average. Generally, when you live in an area where the claims are high, you will need to pay higher insurance. The rate of insurance frauds and car theft are significantly lower than the national average. This is the reason why car insurance in Iowa is lower than in other states.
Most people, who drive through Iowa on I-35 or I-80, think that Iowa is just a corn state since their drive mainly consists of driving by rows of corn on every side. The locals of Iowa know that Iowa is much more than only the food capital. It has a wide range of variety from the diversity of Des Moines to the vibrancy of Iowa City which is the college town. The state of Iowa is a leader in biotechnology, literature and even when it comes to insurance. Like you would in any other state, protecting your vehicle and yourself with proper car insurance is very important.
There are specific requirements if you want to apply for auto insurance in Iowa. I have mentioned below the minimum level of limits and coverage that are mandatory by the Iowa state:
- Liability Coverage for Property Damage: minimum $15,000/-.
- Liability Coverage for Bodily Injury: minimum $20,000/- per person and minimum $40,000/- per accident.
- Bodily Injury Coverage for an Underinsured or Uninsured Motorist: minimum $20,000/- per underinsured or uninsured person and a minimum of $40,000 per accident. The state of Iowa also allows you to reject covering Underinsured and Uninsured persons by submitting a form to the insurance company.
Most states in the U.S. have the same level of requirements so Iowa is not any different from other states. We will help you find the best auto insurance in Iowa by giving to you a variety of options to choose from.
Factors that Determine Auto Insurance in Iowa
In addition to location, there are many other factors that impact the cost of insuring your car. The main factors include the age, make and model of your car, car alarms and safety features, the number of vehicles you insure and the coverage amount you purchase, etc. Your driving record plays a very important role in deciding the cost of your car insurance. Factors like your age, driving record and prior limits of liability can affect the insurance rate. This is why even though your neighbor and you may apply for auto insurance in Iowa at the same time; you may get different insurance quotes. That’s why it’s best to get quotes from a wide range of insurance companies. You can check the best car insurance companies here.
Types of Coverage for Car Insurance in Iowa
There are six coverage options for car insurance which are common. They are underinsured and uninsured motorist coverage, auto liability coverage, collision coverage, comprehensive coverage, personal injury protection, and medical payments coverage. Depending on the coverage compulsory in Iowa and the coverage you want to take, your insurance rates will differ. This is because the more the coverage options you choose, the higher the liability the insurance company needs to bear. This results in a higher auto insurance premium for you.
Make sure that you get your car insurance in Iowa only from reputed insurers. When you decide on your insurer, NAIC (national association of insurance commissioners) ratings are very important. These ratings are unbiased and are an excellent tool for you to use to choose your insurer. Irate car owners may leave reviews online about various insurance companies but that’s because most of the time a happy customer won’t write a review. That’s why checking NAIC ratings is more important than reading online reviews.