Who Has Cheap Auto Insurance for Drivers with a Bad Driving Record in Iowa?

The make and model of vehicle requiring insurance is probably the biggest factor when trying to find cheap auto insurance for drivers with a bad driving record in Iowa. Vehicles with higher performance characteristics, a lack of modern safety features, or a history of substantial liability claims will cost significantly more to insure than safer models.

The next tables showcases auto insurance premiums for the cheapest automobiles to insure in Iowa.

Cost estimates assume married female driver age 50, two speeding tickets, two at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in specific location which can affect premium rates greatly.

Data based on married female driver age 50, two speeding tickets, two at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Rates do not factor in vehicle garaging location which can increase or decrease coverage rates considerably.

Table data represents married female driver age 50, two speeding tickets, two at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Prices do not factor in specific Iowa garaging location which can affect insurance rates substantially.

For bad drivers, one of the more important things that is used by auto insurance companies to calculate rate quotes is where you call home. Areas that are densely populated or have higher claim frequency like Council Bluffs, Sioux City, and Bettendorf tend to have higher auto insurance costs, whereas less populated areas tend to receive slightly lower rates.

The table below illustrates the highest-priced places in Iowa for drivers with a bad driving record to purchase car insurance in.

Annual rates are estimated as the specific geographic location can affect coverage rates substantially.

Impact of speeding/accidents on Iowa auto insurance rates

The obvious way to get low auto insurance premiums in Iowa for bad drivers is to drive cautiously and avoid accidents and traffic violations. The example below illustrates how speeding tickets and fender-benders can impact insurance prices for each different age group. The data assumes a married female driver, full coverage, $500 deductibles, and no policy discounts are applied.

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The data above shows the average cost of auto insurance in Iowa per year with no accidents and a clean driving record is $912. Get one speeding ticket and the average cost surges to $1,062, an increase of $150 each year. Next add two accidents along with the one speeding ticket and the yearly cost of auto insurance for drivers with a bad driving record goes up to an average of $2,407. That’s an increase of $1,495, or $125 per month, just for not paying attention while driving!

Rate difference between full and liability-only coverage

Finding cheap auto insurance for drivers with a bad driving record in Iowa is important to most vehicle owners, and one way to find cheaper insurance is to only pay for liability coverage. The diagram below illustrates the difference between premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Iowa. The rates are based on no claims or driving violations, $250 deductibles, marital status is single, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 2487,763],[‘Age 30’, 1299,423],[‘Age 40’, 1285,393],[‘Age 50’, 1169,369],[‘Age 60’, 1131,363],[‘Age 70’, 1363,481]]);var options = {title: ‘Full Coverage Rates Compared to Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Iowa’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, full coverage costs $1,456 per year over and above liability coverage. That raises the question if paying for full coverage is worth it. There is no definitive guideline to delete physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then you might consider buying liability only.

For example, let’s assume your vehicle’s replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after you pay the deductible. If premium cost is more than $400 a year to have full coverage, then it may be the right time to buy liability only.

Geico, State Farm, Progressive, and Allstate: Who is cheapest?

If you are looking for the best auto insurance for bad drivers in Iowa, the first places to look would be Geico, State Farm, Progressive, and Allstate. The table below points out pricing and service ratings, plus some optional coverages offered by each one.