Best Auto Insurance Rates in Iowa

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Get Cheap Auto Insurance in Iowa

Western National, Pekin and IMT are the best options for cheap car insurance in Iowa, according to QuoteWizard’s survey of companies serving the Hawkeye State.

Iowa drivers pay an average of $114 per year when they buy the minimum amount of car insurance the state requires from Western National. And they pay an average of $528 per year when they buy a full-coverage policy from Pekin.

IMT offers Iowans affordable auto insurance, too. Drivers there pay an average of $210 per year when they buy a state-minimum policy from this company, and an average of $568 per year when they buy a full-coverage policy from it.

These rates are well below the state averages for these types of auto insurance policies. Our data shows that a typical driver in Iowa spends $287 per year on minimum coverage and $792 per year on full coverage.

In this article, we will tell you everything you need to know about:

Where can I get cheap car insurance in Iowa?

Western National is the best company in Iowa for cheap car insurance if you want state-minimum coverage. It offered our sample driver an average premium of $114 per year for this kind of policy.

Pekin is the best company in Iowa for cheap full-coverage car insurance, which usually includes liability, collision and comprehensive coverage. It offered our driver an average premium of $528 per year for this policy type.

These average annual premiums are based on rate quotes gathered throughout the state for a typical driver.

cheapest minimum car insurance in Iowa

Several other companies also offer affordable car insurance to Iowa drivers.

Pekin and Integrity are two good examples when it comes to state-minimum coverage. Pekin sent our driver an average annual premium of $197 for a minimum-coverage policy, while Integrity sent our driver an average annual premium of $199.

IMT and USAA aren’t far behind. They sent our sample driver average annual premiums of $210 and $212, respectively.

cheapest full-coverage car insurance in Iowa

IMT sent our sample driver a low rate of $568 per year for full-coverage auto insurance, too. State Farm’s average annual premium was only a few dollars more, coming in at $579.

A number of other companies also offered our driver quotes for full-coverage policies that were cheaper than the state average, including Nationwide, Progressive and USAA.

To get your best rate for car insurance in Iowa, compare quotes from several companies. The main reason for this is many factors determine what you pay for coverage — such as your age, your gender and where you live.

What are the best auto insurance companies in Iowa?

Western National is the best car insurance company in Iowa for drivers who want cheap state-minimum coverage, based on our research. Pekin is the best company for Iowa drivers who want cheap full-coverage car insurance.

Western National: cheapest state-minimum car insurance rates in Iowa

Western National offered our driver an average rate of $114 per year for the minimum amount of auto insurance Iowa requires. This is by far the lowest rate of the companies surveyed for this article.

The average rate Western National offered our sample driver was $173 per year cheaper than the state average for minimum-coverage car insurance. That’s a difference of just over $14 per month.

Pekin: cheapest full-coverage car insurance rates in Iowa

Pekin offered our sample Iowa driver an average rate of $528 per year for full-coverage auto insurance. This is $40 per year lower than the average rate the runner-up in this area, IMT, offered for this type of policy.

The average rate Pekin offered our driver was $264 per year cheaper than the state average for full-coverage auto insurance. The difference here is $22 per month.

IMT: runner-up for cheapest car insurance rates in Iowa

IMT is another good option if you’re looking for cheap auto insurance in Iowa.

The average annual rate of $568 it offered our driver for full-coverage car insurance was only $40 per year more than what Pekin offered. That’s $224 per year, or about $19 per month, cheaper than the state average for a full-coverage policy.

Also, the average annual rate of $210 it offered our driver for state-minimum car insurance was $96 per year more than what Western National offered, but still $77 less than the state average for this amount of coverage.

State Farm may not offer the cheapest car insurance in Iowa, but it is the most popular car insurance company in the state. According to data from S&P Global, State Farm writes 21% of Iowa’s auto policies.

Insurance company Iowa market share
State Farm 21%
Progressive 17%
Nationwide 9%
Farm Bureau 8%
American Family 6%
Grinnell Mutual 5%
IMT 4%
GEICO 4%
Allstate 3%
Auto-Owners 3%
Source: S&P Global

Western National, which offers the cheapest state-minimum car insurance rates in Iowa, isn’t among the state’s 10 most popular insurers. It’s not even among the state’s 30 most popular insurers. In fact, it sits in 31st place in terms of market share and writes 0.3% of Iowa’s auto policies.

Pekin, which offers the cheapest full-coverage car insurance rates in Iowa, fares better in this regard. It is 15th in terms of market share and writes 1.3% of the state’s auto policies.

What are Iowa’s car insurance laws?

Iowa law requires drivers to have a minimum of 20/40/15 liability coverage. This means their auto insurance policies must include at least:

  • $20,000 of bodily injury liability coverage for the bodily injury to or death of one person in any one accident.
  • $40,000 of bodily injury liability coverage for the bodily injury to or death of two or more persons in any one accident.
  • $15,000 of property damage liability coverage for the injury to or destruction of property of others in any one accident.

Iowa OWI laws

According to Iowa’s OWI, or operating while intoxicated, law, it is illegal to operate a motor vehicle while:

  • Under the influence of an alcoholic beverage, another drug or a combination of such substances.
  • Having an alcohol concentration of 0.08 or more.
  • Having any amount of a controlled substance in your body.

If you are found guilty of OWI in Iowa, you may face one or more of these penalties:

  • Jail time.
  • Fines.
  • Substance abuse evaluation.
  • Community service.
  • Restitution to victims.

Methodology

We conducted a comprehensive study of auto insurance rates in Iowa through Quadrant Information Services. The quotes we collected were for a single, 35-year-old male who has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it an average of 15,000 miles a year. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.

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