Iowa is an ideal state in which to buy car insurance due to its second lowest rates nationwide. But many factors must be taken into consideration before purchasing a policy, from meeting state requirements to finding the best value policy – that’s why comparing quotes is essential!
MoneyGeek’s Iowa car insurance calculator can help you estimate what your premium will cost before buying. It will provide a quote in real-time based on factors like age, coverage requirements and driving record – even helping to identify whether adding teenage drivers would increase costs further. Furthermore, MoneyGeek’s Iowa car insurance calculator shows which providers offer affordable policies tailored specifically towards individual drivers.
Iowa requires minimum car insurance requirements of at least $20,000 of bodily injury liability coverage per person, $40,000 of bodily injury liability per accident and $15,000 property damage liability per incident. You can purchase full coverage auto insurance that provides comprehensive and collision coverage as an add-on. Although full coverage policies typically cost more than minimum policies in Iowa, their increased expense can save you thousands in case of an accident.
Beyond adding a teenage driver, one of the biggest factors affecting Iowa car insurance rates is your age. Middle-aged drivers generally pay lower premiums while 19-20 year olds typically incur the highest prices. Your credit score also has an impactful role to play; drivers with superior scores typically experience reduced premiums than their counterparts who don’t meet requirements.
Saving money through choosing a higher deductible could also help, since you will be responsible for paying a larger proportion of any claims filed if your deductible increases. A high deductible could lower car insurance rates; however, before making your decision it’s wise to carefully weigh its pros and cons before taking this route.
Search and compare car insurance quotes to save hundreds. Start by making a list of companies licensed to sell in your area, researching each for customer reviews, financial stability ratings and features they provide. Once you have your list of insurers ready to compare policies at reasonable rates for yourself – shop around until you find the policy best meeting your needs at a price you can afford – but remember to purchase it before your current coverage lapses as any gap could incur costly penalties and additional repercussions.