In Iowa, drivers with just two speeding tickets pay an average of 33% more on their annual car insurance premiums, for example. The consequences of driving without insurance are ultimately more costly than buying minimal car insurance coverage. Your insurance company pays up to the limit specified in your policy for each type of car insurance coverage. For insurance companies, it's similar to having a bad driving record, which is why drivers who let their insurance expire for 60 days pay approximately 9% more than the average premium in Iowa.
Under the Iowa Motor Vehicle Financial Responsibility and Safety Act, any driver involved in an auto accident must be able to demonstrate financial responsibility for any resulting damage (from a practical point of view, if the driver has liability insurance, the insurance company will absorb these losses, up to the limits of the policy). The best auto insurance companies in Iowa balance affordability with quality coverage and strong customer service. In Iowa, motorists must maintain an auto insurance policy that includes coverage for bodily injury and property damage, also known as liability insurance. The types of car insurance that follow the car in Iowa are liability for bodily injury, liability for personal injury, collision, and all risks.
You can easily get a quote from major companies such as Allstate, Geico, Travelers, Shelter, Auto-Owners Insurance and Farm Bureau Mutual online or over the phone, or use WalletHub's comparison tools to find the best auto insurance policy for your needs. In addition, the Iowa Auto Insurance Plan can provide you with access to car insurance coverage if you can't get coverage in the voluntary market. You can face multiple penalties if you're caught driving without at least the minimum car insurance required in Iowa, including fines and the seizure of your car. If you let someone lend you your car and that person causes an accident in Iowa, bodily injury liability insurance pays for the injuries of the other driver and their passengers.
While Iowa law doesn't require drivers to have auto insurance per se, the state's Motor Vehicle Safety and Financial Responsibility Act makes purchasing a liability policy quite an attractive option for most vehicle owners. Geico, State Farm, Nationwide and The General are good places to shop if you need car insurance for people without drivers. Consider discussing rental car insurance and travel insurance with a licensed insurance agent to see if you have the right coverage for your trip. While Iowa's minimum car insurance requirements are predefined, they're not meant to be a limit on the amount of coverage you can or should get.