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How Much Is Car Insurance in Iowa? (Updated in 2024)
Pete Ortiz
Last updated:
The average cost for car insurance in Iowa is $1,260 for full coverage. As for minimum coverage, the average price is $252. Although these prices may seem unnecessary, they are essential because car insurance is required by law in Iowa and the United States as a whole.
In order to get the best car insurance plan based on your needs and budget, it’s important to compare common car insurance prices in Iowa this year. Scroll down for a comprehensive look at the costs of car insurance in Iowa based on several important factors that impact price.
The Importance of Car Insurance
If you will be driving a vehicle in Iowa, it is essential to get car insurance. If you are caught driving without insurance¹, you can get a fine of $250 or be required to carry out community service. You may also have to impound your vehicle. In severe scenarios, the other individual can sue you. To avoid all these scenarios, simply purchase car insurance.
Car insurance is necessary for more than just abiding by the law. Although car insurance may be difficult to fit into your budget, it is essential for long-term financial security. Car insurance will help to protect yourself if you get into an accident and other vehicles or people are injured in the process.
How Much Does Car Insurance in Iowa Cost?
As mentioned above, the average cost of car insurance in the state is $252 for minimum coverage or $1,260 for full coverage. Although these averages can give you an idea of how much you will pay for car insurance, many factors will impact the final price of your insurance, such as the insurer you select, your age, your location, and your driving record.
Let’s take a look at how these factors impact price.
Image By: Opat Suvi, Shutterstock
Average Cost by Insurer
Insurer
Average Annual for Minimum Coverage
Average Annual for Full Coverage
State Farm
$241
$1,041
Geico
$223
$1,253
Progressive
$256
$1,139
Average Cost by Age
Age Group
Average Annual
20s
$2,653
30s
$1,345
40s
$1,260
50s
$1,149
60s
$1,102
70s
$1,181
Average Cost by City
City
Average Annual for Full Coverage
Ames
$1,048
Ankeny
$1,071
Bettendorf
$1,167
Burlington
$1,166
Cedar Falls
$1,160
Cedar Rapids
$1,143
Clinton
$1,193
Council Bluffs
$1,534
Davenport
$1,213
Des Moines
$1,216
Dubuque
$1,150
Iowa City
$1,065
Marion
$1,122
Marshalltown
$1,164
Mason City
$1,109
Ottumwa
$1,182
Sioux City
$1,332
Urbandale
$1,100
Waterloo
$1,196
West Des Moines
$1,08
Average Cost by Driving Record
Incident
Average Annual for Full Coverage
Increase in %
Speeding ticket
$1,531
21%
Accident
$1,731
37%
DUI
$2,334
85%
Additional Costs to Anticipate
As you can see, there are a lot of factors that go into anticipating the cost of your car insurance. The most important factors to consider include your insurer, your age, your location, and your driving record. You will also have to consider your vehicle, such as its make and model.
You may also end up paying more depending on the plan you select. All the prices above are general averages for minimum and premium plans. Most of these plans offer optional add-ons, which will end up costing more, but these add-ons may be necessary depending on your situation or vehicle.
Image Credit: BLACKWHITEPAILYN, Shutterstock
What Does Car Insurance Cover?
What all car insurance covers ultimately depends on the plan you select. Some car insurance will only cover the bare minimum, whereas others will offer offerings for getting a rental vehicle, luxury fixes, and more. You will have to consult with individual companies in order to figure out how much the plan you are considering covers.
How to Make the Most of Your Car Insurance
Even though car insurance is expensive, there are ways that you can decrease your monthly and yearly bills. Most car insurance companies offer bundle policies in multi-car discounts so you can save money on your premiums.
You can also opt for a higher deductible. The deductible is how much you will pay out of pocket at the time of an accident before the insurance takes over. Although you will spend more money at the time of an accident, higher deductibles will save you money on your monthly bill.
Credit scores indirectly impact the cost of your car insurance as well. By improving your credit score, you might be able to lower your car insurance. This is a long-term approach to lowering your car insurance, but it is one that works.
If you’ve tried these methods but are still finding your car insurance too expensive, opt for bare minimum plans from budget car insurance companies. These plans won’t offer as much coverage, but they will lower your monthly bill.
Conclusion
The average cost of car insurance in Iowa depends on many factors, including the company you select, the plan’s coverage, your age, your location, and your driving history.
The stats above can give you an idea of how much you should anticipate paying for your Iowa car insurance, but it’s best to talk to individual companies and representatives to get a clearer idea of how much you will be paying specifically for your car insurance.
Pete has been working in the trades since high school, where he first developed a passion for woodworking. Over the years, he has developed a keen interest in a wide variety of DIY projects around the home. Fascinated by all sort of tools, Pete loves reading and writing about all the latest gadgets and accessories that hit the market. His other interests include astronomy, hiking, and fishing.
As the founder of House Grail, Pete's primary goal is to help consumers make educated decisions about DIY projects at home, in the garage, and in the garden.
