Average Cost of Car Insurance in Iowa

The insurance cost in Iowa is relatively cheaper than the national average. Average Cost of Car Insurance in Iowa shows that the minimum required insurance costs $324 per year, while the price is $1,767 per year for full coverage, in contrast to the national average of $637 and $2,299, respectively.

Even with the low insurance rates, your premiums may still be higher. Your rates are determined by several variables, including your age, gender, credit history, driving record, residence, and car. The blog will examine how these affect your Iowa auto insurance prices.

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Iowa Car Insurance Rates by City

The cost of car insurance in Iowa can differ based on the city or region. Urban areas typically have higher rates due to increased traffic and a higher risk of accidents and thefts. Below is a breakdown of average annual car insurance premiums in some of the major cities in Iowa:

CITY	AVERAGE PREMIUM
Ames	$1,095
Ankeny	$1,063
Cedar Rapids	$1,181
Council Bluffs	$1,458
Davenport	$1,208
Des Moines	$1,216
Iowa City	$1,062
Sioux City	$1,304
Waterloo	$1,209
West Des Moines	$1,084

Table 1.0 – Average car insurance rates by top cities. Credit: Bankrate

Average Car Insurance Costs by Age and Gender in Iowa

Age and gender are significant determinants of car insurance rates. Younger drivers, particularly teenagers, typically face higher premiums due to inexperience and a higher risk of accidents. Additionally, gender can also influence rates, with young male drivers often paying more than their female counterparts. Here’s a look at average annual car insurance costs in Iowa based on age and gender:

Age	Average annual full coverage premium males	Average minimum coverage premium males
Age 16	$3,567	$810
Age 18	$4,424	$1,018
Age 20	$3,635	$741
Age 25	$2,306	$413
Age 30	$1,883	$336

Table 2.0 – Average car insurance rate for males by age in Iowa

Age	Average annual full coverage premium for females	Average minimum coverage premium for females
Age 16	$3,146	$726
Age 18	$3,899	$900
Age 20	$3,155	$680
Age 25	$2,139	$399
Age 30	$1,862	$341

Table 3.0 – Average car insurance rate for females by age in Iowa

Premiums generally decrease as drivers gain more experience and demonstrate safe driving habits. However, rates can increase slightly for older drivers due to age-related risk factors.

Car Insurance Rates in Iowa by Credit Score

Credit scores play a crucial role in determining car insurance premiums. Insurers use credit scores to assess the risk of insuring a driver. Generally, drivers with higher credit scores are seen as more responsible and less likely to file claims, resulting in lower premiums. Here’s a comparison of average annual car insurance costs in Iowa based on credit score:

Credit tier	Credit Range	Avg. annual premium
Poor	300-649	$3,517
Average	650-699	$1,985
Good	700-749	$1,767
Excellent	750-850	$1,475

Maintaining a good credit score can significantly reduce car insurance costs, while poor credit can lead to substantially higher premiums.

Cheapest Car Insurance Companies in Iowa

Finding affordable car insurance requires comparing quotes from multiple providers. Some companies consistently offer lower rates due to their underwriting criteria and discounts. Here are some of the cheapest car insurance companies in Iowa, based on average annual premiums:

Beem

Beem offers a platform where users can compare quotes from various car insurance providers nationwide. You can get personalized quotes within 5 minutes by simply entering your details. Beem also offers drivers with a good driving history up to 40% off on car insurance. You can save up to $1,000 per year by comparing various car insurance offers.

State Farm

State Farm is the largest car insurance provider in the USA. For Iowa residents, it is among the cheapest, with its Liability coverage costing around $237, while the full coverage costs around $955 annually.

GEICO

GEICO sells car insurance directly to its customers, eliminating the need for an intermediary and lowering rates. It offers full coverage car insurance at $1,977 annually and minimum coverage at $676 for Iowa residents.

Progressive

Progressive offers standard car insurance coverage along with additional options for extra protection. For Iowa residents, Progressive provides full coverage car insurance at an annual cost of $1,955, while minimum coverage is priced at $405 per year.

Cost for Driving Record in Iowa

A driver’s record significantly impacts car insurance premiums. Traffic violations and accidents indicate a higher risk to insurers, leading to increased rates. Here, we will examine the effects of specific infractions on car insurance costs in Iowa.

Driving history is a crucial factor that car insurers consider when calculating premiums. A traffic violation in your history puts you at high risk and can significantly increase your rates. Here is how different traffic violations affect your car insurance rates in Iowa.

At-Fault Accident

An at-fault accident can significantly raise your car insurance premiums. The average annual premium of a driver with one at-fault accident is $2,327 compared to $1,767 for drivers with clean records, an increase of around 32% in price.

Speeding Ticket

Speeding tickets also lead to higher premiums, though the increase may not be as steep as with an at-fault accident. Typically, a speeding ticket can raise your rates by around 20%. The average premium for an average driver with speeding tickets in Iowa is $2,116.  

DUI

A DUI conviction has one of the most severe impacts on car insurance rates, often resulting in a substantial premium increase. In Iowa, a DUI can increase your annual premium by up to 81% or more. The average car insurance rate can shoot up to $3,190 after a DUI conviction. 

How Much Does Car Insurance Cost for Good or Poor Credit Scores in Iowa?

Credit scores significantly affect car insurance rates. Drivers with good credit scores benefit from lower premiums, while those with poor scores face higher costs. Here’s a comparison:

Good Credit (670 and above): Drivers with good credit scores pay, on average $1,767 in Iowa

Poor Credit (Below 670): On average, the car insurance rate paid by individuals with poor credit scores in Iowa is $3,517, which is $1,750 more than what individuals with good credit scores pay. This suggests the importance of maintaining a good credit score to get cheaper car insurance rates. 

Also Read: Should You Bundle Car Insurance with Renters or Life Insurance?

Conclusion

In summary, car insurance rates are influenced by various factors. By understanding these factors, you can be sure to find coverage suitable for your needs at an affordable price. Remember to compare quotes from multiple providers.

You can use Beem to compare quotes from top providers to find a suitable coverage option within minutes, all in one place. Maintaining a clean driving record and good credit score can also lower your car insurance rates. 

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