When you’re trying to save money, it can be tempting to do so by dropping the insurance on your car. However, this can wind up costing you a great deal of money should there be an accident, either caused by you or someone else. You can save money on your insurance safely by taking advantage of free online quotes. The rates will vary from one company to another, depending on the insurance coverages you choose and other factors. Review free quotes online to find the best coverage at the greatest savings.
Iowa auto insurance requirements
Auto insurance is not a requirement, although it is absolutely recommended. To skip auto insurance, you have to show that you have the financial ability to pay for accidents out of your own pocket. Not carrying insurance of having proof of ability to pay can result in the loss of your license. Minimum coverages are as follows:
• Liability insurance
• $20,000 for individual bodily injury
• $40,000 total payout for bodily injury in an accident
• $15,000 property damage
The coverages required by IA State are extremely low. Most cars on the road are worth well over $15,000 and if you were to cause an accident that left one totaled, you would be responsible for paying the difference between the insurance coverage and the value of the car. For this reason, it is highly recommended that you choose higher coverage levels.
Iowa auto insurance laws
The agency regulating auto insurance in IA is the Iowa Auto Insurance Division. Upon request, proof of insurance must be provided to the authorities. If adequate insurance is not maintained, the authorities may confiscate the license plates from the car. IA does follow the Tort system, meaning that someone will be found at fault and that person will have to pay for the damages. Additionally, drivers who are more than 51% at fault for the accident can not request any compensation.
Iowa auto insurance coverage
The state mandates that you carry liability coverage to protect other drivers and their property. However, it is strongly recommended that you also carry coverage on your own vehicle and property. Known as comprehensive coverage, it will pay for damages to your own car and injuries to yourself and our own passengers should you be involved in an accident. It is also highly recommended that you carry insurance for uninsured and underinsured motorists. When reviewing quotes for cheap auto insurance online, be sure to consider these options.
Cheap Iowa auto Insurance Quotes
It’s understandable that you want to save money, and getting cheap auto insurance is a great way to save. There are many factors that can affect the rates you will be quoted.
• Coverage amounts: as they rise, the rates will also rise.
• Deductible levels: as they rise, the rates will drop.
• Age, marital status and gender
• Driving history
• Claims history
• The city you live in
• The car you drive
• Other drivers in the home
Iowa Auto Insurance Ratings
When you are in an accident you want the insurance company to take care of the damages and get you back on the road. Some companies excel at taking care of their customers, while others only excel at finding excuses for not taking care of problems. Choose the best company by taking the time to review Iowa Auto Insurance Ratings. The ratings let you know whether a company is financially solvent, how good they are about paying claims, what their customer satisfaction levels are, and how solid their reputation is. Don’t buy auto insurance without taking the time to review these free IA insurance ratings
Iowa Auto Insurance Rates
Iowa’s average insurance rates of $960 are far lower than the national average of $1440. With the convenience of free online quotes, finding cheap car insurance in Iowa is extremely easy. When answering questions about driving history and other information, it’s important to answer honestly as that information will be used to determine rates. Remember that raising the coverage amounts will cause rates to increase, but those rates can also be dropped down by choosing higher deductibles.
Iowa Auto Insurance Companies
IA has many national brands offering insurance policies in the state. Nationwide companies include the military provider, USAA, as well as other well-known companies such as Liberty Mutual, Progressive, Nationwide, AIG, American Family, Farmers and Allstate. Other providers include Westfield, West Bend Mutual, W.R. Berkley, Chubb, and Bituminous. The state does not mandate how much auto insurers will charge for coverage, so taking the time to comparison shop can help you get a lower rate.
Auto insurance is a necessity and should not be neglected. Coverage to protect other people on and near roadways is mandated by the state, but coverage to protect your own property and person is highly recommended. You don’t have to choose less coverage to save money, take advantage of convenient, free online quotes to find the best price on auto insurance in Iowa.