A midwestern state known for its cornfields and rolling plains, Iowa is a great place to work and live. Moreover, with a humid climate complete with extreme hot and cold weather, those living in Iowa are regularly subjected to a variety of factors that can affect one's ability to remain safe on the road.

Either way, auto insurance is required for most states in the USA, and Iowa is no different. However, the requirements and other rules may vary slightly when compared to other areas or even the country at large. That said, the following is a closer look at how Iowa auto insurance works.

Car Insurance Requirements in Iowa

Given that Iowa is a traditional "fault" based state, this means that the person who caused the accident will also liable for the various costs associated with damages caused by the accident. The requirements for auto insurance in Iowa are as follows:

  • $20,000 worth of liability coverage is required for bodily injury or death of a person involved in an accident caused by the owner or driver of the vehicle.
  • $40,000 worth of liability coverage is required for total bodily injury or death liability accidents caused by the owner or driver of the car.
  • $15,000 worth of liability coverage is required for property damaged in an accident caused by the owner or driver of the vehicle.

Optional Insurance Coverage in Iowa

Fortunately, when dealing with insurance in general, not all coverage types are mandatory. Indeed, in addition to the coverage requirements for each state, drivers have the option of purchasing additional insurance to make sure you, your vehicles, and passengers are fully covered. Now that we have gone over the specifics of the required auto insurance coverage in Iowa, let's take a look at some of the optional types of auto coverage.

  • Uninsured Motorist Coverage: This type of coverage can protect the policyholder in case they are involved in an accident with an uninsured motorist or are the victim of a hit-and-run driver.
  • Medical Payments Coverage (MedPay): This type of insurance can be used to cover medical expenses for everyone who is present in the car and also covers the policyholder as well, no matter who is at fault.
  • GAP Insurance: GAP insurance (general auto protection), covers the financial gap between the market value of the vehicle and the amount the policyholder owes to the car loan lender.

Special Risk Factors in Iowa

As with all other states, there are special risk factors to be considered when purchasing auto insurance in Iowa. In particular, the most common accident-related issues in Iowa are the following:

  • Drunk Driving: Nearly 30% (27.88%) of the road-related deaths involved drunk driving in 2017.
  • Drugged Driving: On another note, 23% of the driver-related fatalities in Iowa in 2017 involved the use of other types of drugs.

In light of these risks, motorists in the state of Iowa should be concerned with insured motorist coverage as well as Medical Coverage, and even Gap coverage to account for the potential of being involved in such an accident.

How Much is Auto Insurance Coverage in Iowa

One of the greatest things about purchasing auto insurance coverage in Iowa is the cost. While, on average, a typical policy costs around $1009 annually, Iowa's policies only cost $985 a year. Depending on where you live, this may or may not sound like a lot of money. Either way, Iowa is on the Forbes list of top 10 states with the lowest auto insurance coverage costs.

How Your Premiums are Calculated

No matter how much your premium ends up costing, how your premium is calculated will be based on the following factors:

  • Age: Depending on the age of the driver, your premiums could be more or less than the average cost.
  • Gender: There are also some risk factors depending on gender. For instance, younger males are often considered to be more reckless than other drivers.
  • Claims History: Have you have filed numerous claims in the past? This will affect your premiums.
  • Driving Record: Accidents, tickets, and other infractions will be taken into account when calculating your premium.
  • Make and Model of your Vehicle: Older cars are often considered to be safer and cost less to service/ replace. Therefore, premiums for these cars are typically lower than newer vehicles.
  • Credit Score: A high credit score could cause decreased premium rates.

Looking for a Discount?

Although there aren't any special discounts for Iowa residents in particular, motorists of Vermont can receive a discount in the following ways:

  • Taking a safe driving course
  • Installing monitoring equipment
  • Proving you have a college degree
  • Improving your credit score
  • Purchasing a vehicle with a high safety rating

Purchasing auto insurance in Iowa does not have to be a hassle. However, no matter how you may feel about insurance on a personal level, it is still mandatory for all motorists. Luckily, one of the best benefits for Iowa drivers is that coverage is typically cheaper than many other states in this country.

Additionally, although there are some unique risk factors with regards to driving in Iowa (i.e. enduring extremely hot or cold temperatures as well as driving on snowy, icy roads), on the whole, these factors do not seem to be a big issue as far as accidents are concerned. Either way, if you are looking for ways to purchase high quality auto insurance in Iowa, Autoinsurance.com has you covered.