Average cost of auto insurance in Iowa for 2021

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The average cost of auto insurance in Iowa is $ 1,260 for a full coverage policy, while the local average for minimum coverage is $ 252, according to Bankrate’s 2021 annual premium study. listed. This drops to $ 105 and $ 21 per month, respectively. Learning the ins and outs of auto insurance costs in your area can help you avoid paying too much. With a little bit of advice and research, it may be possible to find cheaper auto insurance that offers similar coverage.

The first step is to understand that means can hide a lot of variance. With so many factors going into how policy rates are set, it’s nearly impossible to understand your costs without learning a bit more about how providers make those calls. From age and driving record to your home location, the nuances of auto insurance rates can be complicated.

How much does auto insurance cost in Iowa?

While location matters, both at the state and city level, there are many other variables that factor into the cost of Iowa auto insurance rates as well. Even so, it is helpful to know the average cost in your state so that you can control it when considering these other variables.

The average cost of full coverage for Iowa drivers is $ 1,260 per year and $ 252 per year for minimum coverage. On the other hand, the annual average for the United States is $ 1,674 for full coverage auto insurance, which shows that the average auto insurance rates in Iowa are relatively cheap compared to the average. national.

Beyond location, some of the main variables impacting Iowa auto insurance rates are age, driving record, insurance score, insurance company, and vehicle. . Each insurance provider does things differently, but most include these factors in their rate calculations. The logic behind many of these factors is that they can help providers predict the cost of insuring a customer. Insurers use this data to help them determine how much money they are likely to spend on a customer’s claims. This estimate is then used to help them determine the rates.

Iowa Auto Insurance Rates by Company

It is helpful to know the overall cost averages for your state. However, a breakdown by company can help complete the picture. Even with everything else equal – the same customer, the same vehicle, and the same types and amounts of coverage – each company is likely to offer at least one slightly different quote. Below, you can see what the average auto insurance costs in Iowa are by insurance provider.

Auto insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Allstate $ 473 $ 2,135
American family $ 405 $ 1,124
Car owners $ 230 $ 1,283
Donegal $ 270 $ 1,595
Geico $ 223 $ 1,253
barn $ 190 $ 1,046
Grinnell Mutual $ 289 $ 1,671
Mutual of Hastings $ 221 $ 858
IMT $ 207 $ 1,400
Iowa Agricultural Office $ 212 $ 1,082
Beijing $ 177 $ 872
Progressive $ 256 $ 1,139
State farm $ 241 $ 1,041
United States $ 208 $ 1,026
West curve $ 191 $ 888
Western National $ 165 $ 1,559

Auto insurance rates in Iowa by city

Average costs can vary widely between cities in the state. For example, Council Bluffs has an average 23% above the state average. By comparison, Ames is averaging -16% lower than the state average. This graph compares the top 20 cities by population.

City Average annual premium for full coverage % increase over the average annual state premium
monks $ 1,216 -2%
Cedars Rapids $ 1,143 -8%
Sofa $ 1,213 -3%
Sioux City $ 1,332 7%
City of Iowa $ 1,065 -15%
Waterloo $ 1,196 -4%
Bluffs Council $ 1,534 23%
Dubuque $ 1,150 -8%
Ames $ 1,048 -16%
West of the Monks $ 1,081 -13%
Ankeny $ 1,071 -14%
Urbandale $ 1,100 -12%
Cedar Falls $ 1,160 -7%
Marion $ 1,122 -ten%
Bettendorf $ 1,167 -6%
Mason town $ 1,109 -11%
Marshalltown $ 1,164 -7%
Clinton $ 1,193 -4%
Ottumwa $ 1,182 -6%
Burlington $ 1,166 -7%

Iowa Auto Insurance Rates by Age

Age is one of the most important variables when it comes to how insurance companies calculate car rates. Different age demographics have very different chances of being in a car accident, filing a claim, or receiving a traffic ticket. Suppliers use this information to help them determine prices. As a result, different age groups tend to have significantly different average premiums.

* 16 years calculated on the disclosure of the parents’ policy; 18 and 20 year olds are tenants

Iowa auto insurance rates by driving record

Insurers use statistics to help calculate rates, primarily based on a customer’s estimated cost to insure. Driving records have a strong statistical correlation with performance and future incidents, or lack thereof. Therefore, even a single traffic violation can dramatically increase your rates.

Driving incident Average annual full coverage premium in Iowa % increase in average annual premium
Speeding $ 1,531 21%
Accident $ 1,731 37%
DUI $ 2,334 85%

How To Save On Auto Insurance In Iowa

One of the most recommended ways to save money on auto insurance is to look for discounts. Many insurers offer a variety of discounts that can help reduce rates. In general, these discounts will make you a safer driver and less financially risky. The less likely you are to be involved in a traffic violation, the more likely you are to benefit from reductions. However, discounts aren’t the only way. When trying to find the best cheap car insurance in Iowa, every little savings can help:

  • Discounts: One of the most practical ways to save money on auto insurance is to research the discounts offered by your insurance provider. These discounts can range from safe driving benefits, paperless billing discounts to bundled policies and more. In general, the more discounts you can take, the more you can save on premiums.
  • Lower covers: This can be a delicate balance, but one way to lower your premiums is to lower your coverage limits. First of all, of course, you need to maintain at least the state minimums. However, otherwise, it is usually at the discretion of the customer.
  • Higher deductibles: Raising your deductible will reduce your rates, but this carries a risk. A higher deductible means paying more out of pocket before your insurance policy helps cover costs.
  • Credit score: Credit scores have an indirect but noticeable impact on auto insurance rates. This impact is due to the fact that insurers use credit scores to calculate insurance scores. These values ​​are used to help them determine the cost of insuring a particular customer. This estimate, in turn, helps inform the amount that the provider will charge that customer for the insurance.

Frequently Asked Questions

How Much Car Insurance Do I Need in Iowa?

Most states require specific minimum amounts of auto insurance for all drivers. In Iowa, these legal requirements are $ 20,000 personal injury liability per person, $ 40,000 accidental bodily injury liability and $ 15,000 accidental property damage liability.

What is the best auto insurance in Iowa?

The best auto insurance is often different depending on the driver and the circumstances. Policies and rates are individualized enough that each person can have a different experience, even purchasing the same type of insurance from the same company. Consider comparing the providers of the best auto insurance companies for 2021.

Is it worth moving to save on car insurance?

Usually, no, it won’t. There are certain situations, perhaps where it could make sense, however. For example, if you are currently renting in a city and your zip code has significantly higher rates than another zip code in that city. Suppose you can find a rental you like in these cheaper zip codes, and the rental cost is the same or more affordable. In this case, it might be reasonable to consider moving at the end of your lease. For the most part, however, the savings will rarely outweigh the costs of the move.

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:

  • $ 100,000 liability for bodily injury per person
  • $ 300,000 in civil liability for bodily injury per accident
  • Civil liability for property damage of $ 50,000 per accident
  • $ 100,000 in bodily injury caused by an uninsured motorist per person
  • $ 300,000 in uninsured bodily injury per accident to a motorist
  • $ 500 collision deductible
  • Global deductible of $ 500

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.

These are sample rates and should be used for comparison purposes only.

Age: The rates have been calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on the age, drivers can be renters or owners.

Incident: The rates were calculated by evaluating our base profile with the following incidents applied: empty record (base), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.


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