Cheap Iowa Auto Insurance in 2024 (Secure Low Rates With These 10 Companies)

The top pick overall for cheap Iowa auto insurance are USAA, State Farm, and Progressive, with starting rates as low as $13 per month, making them the best choices for budget-conscious drivers. USAA leads with unbeatable rates and military benefits, while State Farm and Progressive offer competitive pricing and comprehensive coverage options.

Whether you’re seeking discounts, innovative programs, or reliable protection, these three providers ensure excellent value.

Our Top 10 Company Picks: Cheap Iowa Auto Insurance

Compare their offerings to find the ideal coverage that fits your needs and budget in Iowa (Read More: Affordable Auto Insurance Discounts).

To find affordable Iowa auto insurance right now, enter your ZIP code below for fast, free Iowa auto insurance quotes.

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#1 – USAA: Top Overall Pick

Pros

• Lowest Monthly Rates: USAA offers the lowest monthly rates at $13 for Iowa with minimum coverage.
• Comprehensive Coverage Options: USAA provides affordable full coverage auto insurance with excellent options tailored to Iowa drivers.
• High Customer Satisfaction: USAA has a strong reputation for customer service and satisfaction in Iowa.

Cons

• Eligibility Restrictions: USAA is only available to military members and their families, limiting accessibility for some Iowa drivers.
• Limited Local Presence: Fewer physical offices in Iowa may affect personal service for some policyholders.

#2 – State Farm: Best for Discounts Available

Pros

• Low Monthly Rates: State Farm offers competitive monthly rates at $16 for Iowa with minimum coverage.
• Comprehensive Coverage: Provides extensive coverage options suitable for Iowa drivers. For further understanding, refer to our thorough guide named “State Farm Auto Insurance Review.“
• Bundling Discounts: Significant savings are available when bundling auto with other policies in Iowa.

Cons

• Limited Multi-Policy Discount: The multi-policy discount in Iowa is available but may be lower compared to some competitors.
• Potentially Higher Premiums: In Iowa, while multi-policy discounts are available, premiums may still be higher for some coverage levels.

#3 – Progressive: Best for Snapshot Program

Pros

• Competitive Rates: Progressive offers monthly rates of $18 for Iowa with minimum coverage.
• Flexible Coverage Options: Various coverage options are available to fit different needs in Iowa.
• User-Friendly Tools: In Iowa, Progressive provides easy-to-use online tools for comparing and customizing policies.

Cons

• Variable Customer Service: Customer service experiences can vary, which may impact policyholders in Iowa.
• Higher Rates for Certain Drivers: In Iowa, rates can be higher for drivers with certain risk profiles. To understand better, look at our detailed guide called “Progressive Auto Insurance Review.“

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#4 – Nationwide: Best for Vanishing Deductible

Pros

• Affordable Rates: Nationwide offers low rates starting at $19 per month for Iowa with minimum coverage.
• Reliable Coverage Options: Provides dependable coverage suited for Iowa drivers. For more insights, consult our complete guide titled “Nationwide Auto Insurance Review.“
• Good Customer Service: In Iowa, Nationwide is known for its excellent customer support.

Cons

• Limited Discounts: Nationwide offers fewer discount options compared to some competitors in Iowa.
• Higher Costs for Additional Coverage: Additional coverage options can be more expensive in Iowa.

#5 – Geico: Best for Competitive Rates

Pros

• Low Monthly Rates: Geico provides low rates at $20 for Iowa with minimum coverage.
• Extensive Discounts: Offers various discounts in Iowa that can help further reduce costs.
• Strong Online Tools: In Iowa, Geico has effective online tools for easy policy management (Read More: Geico Auto Insurance Review).

Cons

• Variable Customer Service: Service quality can differ, affecting Iowa policyholders.
• Limited Local Agents: Fewer local agents may limit personal service in Iowa.

#6 – Farmers: Best for Customizable Coverage

Pros

• Low Rates: Farmers offers competitive rates at $21 per month for Iowa with minimum coverage.
• Wide Range of Coverage Options: Farmers provides a broad array of coverage choices in Iowa.
• Discount Opportunities: Discounts available for multiple types of insurance in Iowa. To explore more, review our in-depth guide named “Farmers Auto Insurance Review.“

Cons

• Premium Variability: In Iowa, rates can vary significantly based on individual factors.
• Complex Policy Options: The variety of options may be overwhelming for some Iowa drivers.

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#7 – American Family: Best for Policy Options

Pros

• Affordable Rates: American Family offers rates starting at $23 per month for Iowa with minimum coverage.
• Local Agents: Strong presence in Iowa with numerous local agents. To acquire more information, review our in-depth guide named “American Family Insurance Auto Insurance Review.“
• Customizable Coverage: In Iowa, offers flexible coverage options to suit different needs.

Cons

• Higher Rates for High-Risk Drivers: Rates in Iowa may be higher for drivers with certain risk factors.
• Limited Discounts: Fewer discount options compared to some competitors in Iowa.

#8 – Travelers: Best for Multiple Discounts 

Pros

• Reasonable Rates: Travelers offers rates at $24 per month for Iowa with minimum coverage.
• Good Coverage Variety: In Iowa, offers a wide range of coverage options. To gain additional insights, check out our comprehensive guide titled “Travelers Auto Insurance Review.“
• Strong Reputation: In Iowa, known for reliable service and a variety of coverage options.

Cons

• Higher Costs for Add-Ons: Additional coverage options may be more expensive in Iowa.
• Service Variability: In Iowa, customer service experiences can vary.

#9 – The Hartford: Best for Senior Benefits

Pros

• Good Coverage Options: In Iowa, offers reliable coverage with a variety of options.
• Strong Reputation: In Iowa, known for solid insurance products.
• Useful Online Tools: In Iowa, The Hartford offers efficient tools for combining insurance policies.

Cons

• Higher Rates: Monthly rates start at $29 for Iowa with minimum coverage.
• Less Competitive Discounts: In Iowa, discount opportunities may be less competitive.

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#10 – Allstate: Best for Drivewise Program

Pros

• Competitive Rates: Allstate offers rates of $31 per month for Iowa with minimum coverage.
• Broad Coverage Options: In Iowa, offers comprehensive coverage options to meet various needs.
• Strong Local Network: Good presence with numerous local agents in Iowa.

Cons

• Higher Premiums: In Iowa, premiums are generally higher compared to some competitors.
• Limited Discounts: In Iowa, there are limited opportunities for auto insurance discounts.

Iowa Auto Insurance Rates

Iowa has very low auto insurance rates compared to other states. On average, a driver in the state pays less than $800 per year for auto insurance, which translates to about $67 per month.

Iowa Auto Insurance Monthly Rates by Provider & Coverage Level

When compared to the national average of $1440 per year for auto insurance, there’s no doubt that drivers in Iowa are getting a very good deal on their insurance rates.

As is the case with the rest of the country, those that live in Iowa’s larger cities end up paying a bit more for their auto insurance. Drivers in Cedar Rapids are looking at about $1,000 per year for insurance and those in Des Moines are closer to around $1,200 per year.

There are a lot of factors that auto insurance companies take into consideration when determining your rates. Take a look at our overview here. To get further information, see our extensive guide called “Auto Insurance Rate Factors.”

While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. As with most states, males typically pay higher auto insurance rates than females.

Iowa Auto Insurance Laws and Requirements

Iowa requires drivers to carry specific minimum auto insurance coverage to ensure financial responsibility in the event of an accident. The state’s liability coverage minimums are $20,000 per person and $40,000 per accident for bodily injury liability, and $15,000 per accident for property damage liability.

These minimums are essential for protecting other drivers and their property if you’re at fault in an accident. Bodily injury liability insurance covers medical expenses, lost wages, and other costs for the injured party, while property damage liability covers repair costs for damaged vehicles or property.

Given the high costs associated with medical treatment and vehicle repairs, it’s advisable for drivers to consider higher coverage limits if possible (Read More: Auto Insurance Requirements by State).

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Driving Statistics In Iowa

In terms of crash statistics, Iowa has seen significant improvements in recent years. In 2009, the state recorded a total of 56,518 vehicle crashes, with 337 fatalities and 14,520 injuries. These figures marked a decrease from previous years, reflecting the second lowest annual totals in the last decade.

For comparison, 2008 had 369 fatalities, over 16,000 injuries, and 61,500 crashes. This decline indicates that Iowa’s increased focus on driver safety and enhanced law enforcement efforts are effectively reducing crash rates. For further knowledge, look at our detailed guide titled “Average Cost of Auto Insurance.”

Additionally, vehicle thefts in Iowa have also decreased, with 3,888 vehicles stolen in 2009, down from 4,376 in 2008 and significantly lower than the decade’s peak of 5,823 in 2002. This trend suggests that efforts to prevent theft are paying off, which could help keep auto insurance rates low as long as drivers continue to secure their vehicles.

Iowa Auto Insurance Rates by Company

Provides a detailed comparison of auto insurance premiums offered by various insurance providers across the state. This section highlights how rates can vary significantly between companies, even within the same region.

By breaking down the costs associated with each major insurer, it allows consumers to see which companies offer the most competitive pricing. The comparison takes into account factors such as coverage options, discounts, and customer service ratings, helping drivers identify the best value for their specific needs.

Though the state boasts very cheap auto insurance rates overall, let’s take a look at how rates vary between some of the largest companies.

Whether you’re looking for the cheapest basic coverage or the best overall protection, this section aims to equip you with the knowledge to make an informed decision. To know more, check out our comprehensive guide named “How to I Know if I Chose the Right Coverage.”

But which companies are the largest, holding the most market share percentage in the region?

Auto Insurance Agents in Iowa

Auto insurance agents in Iowa play a crucial role in helping drivers find the right insurance coverage to meet their needs. These professionals are knowledgeable about the state’s specific insurance laws and can provide guidance on selecting policies that comply with Iowa’s minimum coverage requirements.

They assist with comparing quotes from various insurance providers, ensuring that clients secure the most cost-effective and comprehensive coverage available. Agents in Iowa offer personalized service, helping individuals navigate the complexities of auto insurance by explaining different coverage options, discounts, and policy benefits.

Below you will find list of auto insurance agents in Iowa for reference.

They can also assist with filing claims, updating policies, and addressing any issues or concerns that arise. Whether you’re a new driver or looking to switch insurance providers, Iowa’s auto insurance agents are dedicated to providing expert advice and support to help you make informed decisions about your auto insurance needs (Read More: Affordable Public Auto Insurance).

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Additional Iowa Auto Insurance Information

Iowa offers some of the lowest auto insurance rates in the U.S., averaging around $67 per month. Minimum coverage requirements are $20,000 per person and $40,000 per accident for bodily injury liability, plus $15,000 for property damage.

Rates vary by age, gender, and location, with higher costs in larger cities. Notable providers include USAA for military families, State Farm for discounts, and Progressive for its Snapshot Program. To find the best coverage and rates, use comparison tools to evaluate offers from multiple companies. To understand more, check out our extensive guide called “Understanding How Auto Insurance Works.”

If you need more information, the official resources below can help with insurance and driving-related needs.

• Motor Vehicle Division – Iowa DOT
• IID | Iowa Insurance Division
• Iowa Highway Safety Laws – From the GHSA

Case Studies: Finding the Right Auto Insurance in Iowa

Securing affordable auto insurance can be tough, but the right provider makes all the difference. These case studies show how a young driver, a military family, and a senior found budget-friendly coverage tailored to their needs.

• Case Study #1 – Young Driver Finds Affordable Coverage: John, a 22-year-old in Des Moines, faced high insurance costs due to his age. By using State Farm’s Drive Safe & Save program, he reduced his premium to $72 per month, much lower than other offers he received.
• Case Study #2 – Military Family Chooses USAA for Value: The Martinez family in Cedar Rapids, a military household, selected USAA for its military-focused benefits and low rates. Their premium was just $52 per month, offering significant savings and comprehensive coverage.
• Case Study #3 – Senior Benefits from The Hartford’s Discounts: Mary, a 68-year-old retiree in Iowa City, found that The Hartford’s senior discounts reduced her premium to $59 per month, allowing her to maintain strong coverage on a fixed income.

These case studies demonstrate that no matter your age or circumstances, there’s a way to find affordable auto insurance that fits your needs. By exploring different programs and providers, you can secure the coverage you need at a price you can afford.

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