How Much Does Car Insurance Cost for Good Drivers in Iowa?

How Much Does Car Insurance Cost for Good Drivers in Iowa?

Wouldn’t life be so easy if we could look into our crystal ball and tell you the one company that has the best deal on coverage for good drivers? It’s just not that easy, however, as there are a whole bunch of unknowns like if you want the added protection of full coverage, what physical damage coverage deductibles you want, and the performance level of your vehicle, that all influence how much you pay for auto insurance. We will try to cover the best ways to maintain low rates and should give you a jump start in finding the best auto insurance.

One of the key factors that is used to calculate the amount you pay each year for auto insurance is where you live. Areas with more people or even just a higher incidence of claims like Council Bluffs, Davenport, and Bettendorf tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.

The illustration below ranks the most expensive cities in Iowa for good drivers to purchase auto insurance in.

How much does car insurance cost in Iowa?
Rank City Annual Premium
1 Council Bluffs $1,238
2 Sioux City $1,146
3 Davenport $1,145
4 Des Moines $1,140
5 Bettendorf $1,094
6 Dubuque $1,077
7 Waterloo $1,072
8 Clinton $1,066
9 Clive $1,061
10 Cedar Falls $1,059
11 Urbandale $1,056
12 Fort Dodge $1,050
13 Burlington $1,039
14 West Des Moines $1,037
15 Ottumwa $1,034
16 Mason City $1,020
17 Marshalltown $1,019
18 Ankeny $1,013
19 Muscatine $1,010
20 Cedar Rapids $997
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Premium costs are estimated as the specific garaging location can affect premium rates noticeably.

Locating affordable car insurance is not most people’s favorite thing to do, and determining which company offers the most affordable car insurance rates for good drivers calls for even more perseverance. Insurance premiums could be moderately less expensive than the average policy in Iowa, with the lower cost attributed to the posibility of fewer claims that comes with selling insurance for safe drivers. Economical insurance should be attainable from a lot of different insurance providers.
Each auto insurer has a proprietary formula to set policy rates, so let’s begin by examining the car insurance companies with the overall best prices in Iowa.

Best Auto Insurance Prices for Good Drivers

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Rankings for the cheapest car insurance companies in Iowa
Rank Company Cost Per Year
1 USAA $669
2 Partners Mutual $684
3 Western National $809
4 Allied $811
5 Hastings Mutual $907
6 Nationwide $907
7 State Farm $918
8 Farm Bureau Mutual $947
9 Auto-Owners $958
10 Travelers $1,000
11 GEICO $1,014
12 Cameron Mutual $1,033
13 Farmers $1,054
14 Progressive $1,073
15 Pekin Insurance $1,109
16 American Family $1,167
17 General Casualty $1,199
18 Grinnell $1,206
19 EMC $1,207
20 MetLife $1,298
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USAA offers some of the lowest car insurance rates in Iowa at around $669 a year. Partners Mutual, Western National, Allied, and Hastings Mutual are also some of the cheaper Iowa car insurance companies.

In the above rates, if you are a customer of Hastings Mutual and switched to Partners Mutual, you could see annual savings of roughly $223. Iowa drivers with Nationwide could save as much as $223 a year, and State Farm customers might realize rate reductions of up to $234 a year.

To find out how much you can save, click here to start your free quote or quote rates from the companies below.

Bear in mind that those premium estimates are averages for all types of drivers and the different vehicles they drive and and are not calculated with a price decrease for good drivers. So the auto insurance company that can offer you the lowest price may not even be featured in the above rate chart. That’s why you need to compare prices as often as possible using your own driver information and specific vehicle type.

The information below highlights how deductible choice can change premium costs when researching cheap insurance for good drivers. The price estimates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.

As shown above, a 40-year-old driver could reduce rates by $276 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $418 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, can save up to $704 annually just by choosing higher deductibles. When increasing deductibles, it is important to have enough savings to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Impact of speeding/accidents on Iowa car insurance rates

In a perfect world, the ideal way to enjoy cheap auto insurance for good drivers in Iowa is to drive cautiously and avoid tickets and accidents. The illustration below shows how traffic citations and at-fault claims raise insurance rates for different age groups of insureds. The costs are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of car insurance per year with no accidents or violations is $1,820. Add in two speeding tickets and the average cost hikes up to $2,447, an increase of $627 each year. Then include one accident along with the two speeding tickets and the 12-month cost of car insurance for good drivers goes up to an average of $3,092. That’s an increase of $1,272, or $106 per month, just for a couple of infractions!

Progressive, Geico, State Farm, or Allstate: Which is best?

When shopping around for car insurance for safe drivers in Iowa, the companies that insure more vehicles than anyone else are Progressive, Geico, State Farm, and Allstate. When added together, they make up almost half of all auto insurance policies in force. The following table breaks down ratings and policy coverage options shoppers can expect to find with each one.

Comparison of Progressive, Geico, State Farm, and Allstate
Progressive Geico State Farm Allstate
Client Satisfaction 3rd 1st 4th 2nd
Claims Handling 4th 3rd 2nd 1st
Overall Cost 3rd 1st 2nd 4th
Discounts Offered 4th 2nd 3rd 1st
U.S. market share 8.8% 11.4% 18.3% 10%
Rating from A.M. Best A+ A++ A++ A+
New car replacement coverage No No No Yes
Roadside service Yes Yes Yes Yes
Uber and Lyft insurance Yes Yes Yes Yes
Mechanical breakdown insurance Yes Yes No No
Accident forgiveness coverage Yes Yes No Yes
Rate for vehicle usage Yes No Yes Yes
Insure in Iowa Yes Yes Yes Yes
Types of agents used Online or from independent agents From a Geico agent or online State Farm exclusive agents Allstate-only agents
Number of agents 30,000+ 150+ 18,000+ 11,000+
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