How Much Is Car Insurance in Iowa? (November 2024)

Drivers in Iowa can expect to pay around $1,056 annually for full coverage car insurance, while a policy with minimum coverage is around $337 per year. These rates are determined by factors such as your age, coverage level preferences, where you live, the quality of your driving record and your credit history.

Iowa's average full coverage car insurance cost is about $1,056 annually. Knowing the average car insurance cost helps you evaluate if you're getting a fair price when you compare car insurance quotes.

Below you’ll see average prices for minimum and full coverage in Iowa, helping you plan out your budget.

Car insurance in Iowa is relatively affordable compared with the national average cost of car insurance. The average annual premium for full coverage with a $1,000 deductible in Iowa is $1,056, averaging $88 monthly. This is below the national average, at $1,358 annually and $113 monthly for a similar policy.

Minimum coverage in Iowa is also cheaper at $337 annually ($28 monthly), while the national average is $619 ($52 monthly). Factors contributing to Iowa's more affordable rates include a lower population density, fewer accidents and lower crime rates that contribute to lesser risk for insurance providers.

Car insurance premiums can vary widely from one company to another. In Iowa, Travelers offers the cheapest full coverage with an annual premium of $709, whereas Grinnell Mutual is the most expensive average premium at $1,686 for a similar plan.

Compare quotes from different providers to find the most affordable car insurance option in Iowa.

The cost of car insurance in Iowa is also affected by the choice of coverage level. While the minimum coverage averages about $28 monthly, full coverage costs approximately $88 monthly. Opting for full coverage insurance is advisable due to the comprehensive protection it offers, including liability, collision, and comprehensive damage.

Enhancing your policy with comprehensive and collision coverage will indeed raise your premium, but selecting higher deductibles can alleviate that increase. Each comprehensive and collision coverage comes with its own deductible amount, impacting the cost and the out-of-pocket expense during a claim.

In Iowa, the minimum car insurance requirements include $20,000 for bodily injury liability per person, $40,000 per accident and $15,000 for property damage liability per accident. Uninsured/underinsured motorist coverage is not required.

Your driving location can heavily impact your car insurance premiums. You’ll get the most affordable full coverage in Cedar Rapids at $770, in stark contrast with Des Moines, where the same coverage costs $792.

Insurance rates in Iowa can be influenced by factors such as your driving record, the type of car you own and the coverage amount you choose. Premiums may also vary based on age, marriage status and credit history.

In Iowa, age significantly influences car insurance costs. Younger drivers, specifically those aged 22 to 29, generally face higher premiums, averaging $1,355 annually, reflecting risk levels assessed by insurers.

Young drivers pay the most for car insurance due to their higher risk profile, whereas drivers aged 30 to 59 see their insurance premiums decrease to an average of $1,056 annually. Typically, as drivers mature and gain experience, their insurance premiums decrease further, with drivers over 60 often enjoying the most affordable rates at $953 per year.

In Iowa, age and gender influence car insurance rates, with 16-year-old male drivers facing particularly high premiums. When added to a family policy, these young drivers can expect an average annual cost of $2,009. Teens under 18 often cannot purchase car insurance alone, with premiums soaring to $4,357 for individual policies.

The annual cost for full coverage car insurance of a 2012 car model averages at $733, while a 2022 model commands a higher premium of $1,006. This increase is due to factors such as the higher actual cash value of newer cars, more expensive repair costs and the elevated risk of theft that tends to accompany the latest models.

Experts suggest owners of newer vehicles should invest in comprehensive and collision coverage. This not only protects against a range of damages but can also cover theft, natural disasters and accidents with uninsured motorists.

Drivers in Iowa can expect their average car insurance costs to be influenced by their driving records. Here's how different violations can affect your yearly and monthly premiums:

• With a ticket: $1,296 per year; $108 per month
• With an at-fault accident: $1,421 per year; $118 per month
• With a DUI: $1,785 per year; $149 per month

The more severe your violation, the more you'll pay in premiums. This increased cost stays with you as long as the violation remains on your record. The duration of this impact varies. For instance, in Iowa, DUI offenses can stay on your driving record for up to 12 years.

While a DUI typically leads to the highest insurance cost increase, in some cases, other infractions can incur even higher premiums depending on the policies of car insurance companies.

The table below lets you further explore how the average cost of car insurance varies by coverage and age group for each type of driving record.

Drivers in Iowa can expect car insurance rates to vary significantly based on their credit scores, with average annual premiums ranging from $560 for those with excellent credit to $1,176 for drivers with poor credit. Your credit score helps insurers in Iowa gauge risk. A good credit score is typically between 670 and 739. Those with higher scores often enjoy more affordable rates because they are perceived as less likely to file claims.

The cost of your car insurance rates in Iowa is shaped by key factors:

• Driving Record: A clean driving record can significantly reduce car insurance rates, while violations or accidents typically lead to higher premiums in Iowa.
• Age and Gender: Young and inexperienced drivers tend to face higher costs, with rates stabilizing as drivers gain experience. Gender also plays a role, with men often paying more.
• Vehicle Type: The make, model and age of your vehicle affect premiums. New, expensive or high-performance cars usually cost more to insure due to repair costs.
• Credit Score: Insurers may use credit scores to gauge risk; a higher credit score can lead to more affordable car insurance rates in Iowa.
• Location: Living in urban areas with high traffic and theft rates can increase car insurance costs compared with rural, less dense regions of Iowa.
• Coverage Type: The level of coverage — whether comprehensive insurance or collision insurance, alongside state minimum requirements — impacts the final rate.
• Annual Mileage: High annual mileage can lead to heightened rates because more time on the road increases the likelihood of accidents and claims.

Compare car insurance quotes to find a policy that matches your driving needs and fits your budget. You could miss potential savings by not exploring your options.

To secure affordable car insurance in Iowa, compare rates from different providers, opt for a higher deductible and leverage all eligible discounts to minimize costs.

Get answers about what impacts the average cost of car insurance in Iowa and how to find affordable rates.