You’ve probably seen more than a few companies claiming to offer the best auto insurance quotes in Iowa. But the truth is that each insurance provider takes a different approach to calculating premiums, and some companies try to gain an edge by offering affordable rates to certain driver types such as safe drivers, drivers with a DUI, or senior drivers.
To reduce the hassle of finding low cost car insurance, our Geeks analyzed quotes from nine leading insurance providers to help you find the best deal. On this page, we’ve listed the most affordable companies for the following driver categories:
Best Rates For Drivers With No Recent Accidents
Safe drivers who go consecutive years with no accidents are typically rewarded for their good habits with lower insurance rates. State Farm led the pack in our study as the company with the cheapest auto insurance for drivers with no collisions for the past five years in Iowa.
Our study involved insurance limits that are slightly higher than the minimum requirements in Iowa. We included 50/100/25 liability limits and the same limits for uninsured motorist coverage.
Best Rates For Teen Drivers
You’re probably aware that teenagers are more accident-prone than adult drivers. Even the most diligent teens are less experienced behind the wheel. As a result, car insurance companies tend to charge teens more for coverage. One way to save money is to switch to a provider that caters to young drivers. Our study found that State Farm and Progressive offer low cost auto insurance for teens in Iowa.
These monthly premium estimates are based on Iowa’s minimum legal requirements for auto insurance, which include $20,000 for bodily injuries to one person, $40,000 for bodily injuries caused in a single collision, and $15,000 for property damage liability.
Best SR22 Insurance Rates For Drivers With A DUI Or OWI
Beyond the attorney fees and fines, an OWI or DUI can cost you a fortune in the long run due to higher insurance rates. If your current insurance company did not drop you for an OWI conviction, you probably still noticed a sharp increase in your monthly premiums.
It’s a good idea to shop around for another policy to keep your rates as reasonable as possible. Our team found that State Farm offers very cheap SR22 car insurance in Iowa for drivers with a DUI or OWI. The driver in our test was 29 years old and had a clean record except for one recent OWI.
Best Rates For Senior Drivers
Finding cheap car insurance in Iowa is often easier for senior drivers because they usually commute less than younger adults. The driver in our study was 65 years old and drove only 4,000 miles per year.
A 2014 Toyota Corolla was the vehicle used in all segments of our research. The default annual mileage was 12,000. Our estimated monthly premiums are based on data for females and males in five zip codes throughout Iowa. With the exception of the “teenage driver” category, all of our test drivers were looking for 50/100/25 liability coverage and the same coverage for collisions with uninsured motorists
How Much Auto Insurance Are Drivers Required To Carry In Iowa?
In the state of Iowa, drivers must carry auto insurance that covers $20,000 for bodily injury to one person, $40,000 for bodily injuries per accident, and $15,000 for property damage.
Penalties For Driving Without Car Insurance In Iowa
In the state of Iowa, all registered motorists must be able to show proof of financial responsibility. If you are unable to do so and you are caught driving without auto insurance, you will face a $250 fine or community service, as well as removal of your license plates and registration receipt or vehicle impoundment. You may also have to pay for vehicle towing and storage fees, as well as a $15 administrative fee for reinstatement.
If you cause an accident while you are driving without insurance, the $250 fine is mandatory. Also, your vehicle could be impounded, and if the other party incurs $1,500 or more in damages, your license and registration will be suspended for 12 months. You will also have to pay a $200 civil penalty during reinstatement.