Choosing the right insurance for your car can give you peace of mind while protecting your finances. Most insurance companies offer a variety of plans for drivers with different needs and budgets. Keep reading to learn how to find the best car insurance in Iowa.
Car Insurance Requirements in Iowa
Understanding Iowa’s car insurance laws can help you choose the right provider for your car. According to the Iowa Insurance Division, Iowa’s minimum liability coverage includes the following requirements:
- $20,000 for bodily injury or death of one person in one accident
- $40,000 for bodily injury or death of two or more people in one accident
- $15,000 for property damage or destruction in one accident
Many local and national auto insurance firms serve customers in the state of Iowa. If you purchase auto insurance in Iowa, your monthly rate might depend on a variety of factors, including your age, driving record, and car model and year. You might choose a minimum liability plan, which meets state requirements and keeps your costs low, or a more comprehensive plan, which offers more security in case of a collision or other incident. Keep reading to learn about popular insurance providers for Iowa drivers, with information about each company’s average rates and special programs.
State Farm
State Farm offers some of the cheapest options for minimum liability insurance, which meets the Iowa Insurance Division’s legal requirements. The company also has a range of insurance discounts for Iowa residents, including bundles for people who insure multiple vehicles with State Farm. However, it’s one of the more expensive options for drivers with poor credit histories, so if your credit score is lower than 580, you might consider another company. Here are some of State Farm’s annual average rates for Iowa drivers:
- Average annual rate: $1,008
- Minimum coverage: $958
- High coverage: $1,050
- Coverage for seniors over 60: $877
- Coverage for young adults aged 25: $1,228 for men and $1,087 for women
- Coverage for drivers with clean records: $1,008
- Coverage after a DUI: $1,078
- Coverage after a speeding ticket: $1,078
- Coverage after an accident: $1,148
- Coverage for drivers with poor credit: $4,918
GEICO
Headquartered in Chevy Chase, Maryland, GEICO is a national insurance provider chain that serves Iowa drivers. While GEICO’s average prices can be higher than those of some other providers, the company offers a range of discounts for veterans, active service members, and federal employees. You might also qualify for a discount if you belong to certain professional or academic organizations. Further, GEICO offers bundles, which can save you money if you need multiple types of insurance. Here are GEICO’s average rates for Iowa drivers:
- Average annual rate: $1,158
- Minimum coverage: $1,101
- High coverage: $1,225
- Coverage for seniors aged 60: $1,039 for women and $1,062 for men
- Coverage for young adults aged 25: $1,213 for women and $1,253 for men
- Coverage for drivers with clean records: $1,158
- Coverage after a DUI: $1,853
- Coverage after a speeding ticket: $1,173
- Coverage after an accident: $1,558
- Coverage for drivers with poor credit: $1,726
USAA
USAA is a national company that offers insurance policies to people with military connections. Typically, USAA policies have lower annual rates than other companies, but you can only get a USAA plan if you, your spouse, or one of your parents served in a branch of the United States military. If you’re an active service member or veteran, using USAA can save you money while providing a range of insurance products. Here are average rates for different groups of drivers in Iowa with USAA:
- Average annual rate: $776
- Minimum coverage: $717
- High coverage: $825
- Coverage for seniors aged 60: $669 for men and $662 for women
- Coverage for young adults aged 25: $949 for men and $916 for women
- Coverage for drivers with clean records: $776
- Coverage after a DUI: $1,256
- Coverage after a speeding ticket: $957
- Coverage after an accident: $1,105
- Coverage for drivers with poor credit: $1,288
Farm Bureau Financial Services
Founded in Des Moines in 1939, Farm Bureau Financial Services quickly expanded from a farmers’ liability insurance provider to a comprehensive insurance broker. You can also use Farm Bureau Financial Services for savings and investment planning, which might make this company a good choice if you plan to save for retirement or a home purchase. Here are the average annual rates for Iowa drivers through Farm Bureau:
- Average annual rate: $1,013
- Minimum coverage: $992
- High coverage: $1,047
- Coverage for seniors aged 60: $788 for men and $887 for women
- Coverage for young adults aged 25: $1,202 for men and $1,159 for women
- Coverage for drivers with clean records: $1,127
- Coverage after a DUI: $2,094
- Coverage after a speeding ticket: $1,227
- Coverage after an accident: $1,583
- Coverage for drivers with poor credit: $1,775
Nationwide
While Nationwide offers some of the lowest insurance rates for drivers with clean records, the company’s rates increase steeply for drivers after a DUI or an accident. The company doesn’t charge as high for poor credit as some competitors do, so it might be a good choice for drivers who have poor credit but no accidents or DUIs on their records. You can also bundle your insurance to save more money. Here are the average annual rates for Iowa drivers through Nationwide:
- Average annual rate: $922
- Minimum coverage: $906
- High coverage: $1,005
- Coverage for seniors aged 60: $781 for men and $704 for women
- Coverage for young adults aged 25: $1,241 for men and $1,114 for women
- Coverage for drivers with clean records: $922
- Coverage after a DUI: $2,004
- Coverage after a speeding ticket: $1,201
- Coverage after an accident: $1,633
- Coverage for drivers with poor credit: $1,394
These are just a few of the insurance companies serving drivers in Iowa. To determine your exact rates at competing companies, you can call each broker or visit their websites to fill out an online request for a quote. That way, you can feel confident you’re choosing the best insurance for your driving needs.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.
