Best Cheap Insurance Quotes for Used Cars in Iowa

Determining which company has the best auto insurance rates for used cars may require a bit more work than just picking a company at random.

Each auto insurance company has their own process to set premium rates, so we need to take a look at the auto insurance companies with the overall best prices in Iowa. It’s important that readers know that Iowa auto insurance rates are impacted by many factors that control your annual premium. Simply getting older, buying higher coverage limits, or having an at-fault accident may generate price changes that can cause some rates to be cheaper than others.

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USAA quotes some of the most affordable car insurance rates in Iowa at around $690 annually. Partners Mutual, Western National, Allied, and Hastings Mutual also make the cut as some of the lowest-priced Iowa auto insurance companies.

In the above example, if you currently have coverage with Allied and switched to Partners Mutual, you could realize yearly savings of in the vicinity of $98. Policyholders with Hastings Mutual might save as much as $175 a year, and State Farm insureds might reduce rates by $186 a year.

To find the best cheap insurance for used cars in Iowa, click here to begin a quote or visit several of the following companies.

Understand that those premium estimates are averaged across all types of drivers and the different vehicles they drive and do not factor in a rate decrease for used cars. So the auto insurance company that is best for you may not even be shown in the list above. That underscores the importance of why you need to compare prices as often as possible using your own specific driver information and vehicle.

We all like different vehicles, and the type of vehicle to be insured is one of the main factors that determines if you can find the best cheap insurance for used cars in Iowa. Vehicles with high performance, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than more economical and safe models.

The next tables ranks insurance costs for a selection of the cheapest vehicles to buy coverage for.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Iowa minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can revise coverage rates substantially.

Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Iowa minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Table data does not factor in zip code location which can alter premiums noticeably.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Iowa minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium costs do not factor in specific zip code location which can decrease or increase auto insurance rates noticeably.

Full coverage or liability only

Finding the best cheap insurance for used cars in Iowa should be important to most vehicle owners, and an easy way to reduce the cost of insurance is to not pay for full coverage. The illustration below illustrates the difference between insurance premiums with and without physical damage coverage. The information is based on no claims or driving citations, $1,000 deductibles, drivers are single, and no discounts are applied.

Averaged out for all age groups, comp and collision coverage costs $1,055 per year more than insuring for liability only. At some point, about every driver wonders if physical damage coverage is worth the money. There is no exact formula for eliminating full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s say your vehicle’s replacement value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $8,500 after paying the physical damage deductible. If it’s costing you more than $850 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

Which car insurance company is best?

When comparing car insurance, four good companies to start with are State Farm, Allstate, Progressive, and Geico. When combined, they make up nearly half of the car insurance market in the United States. The table below ranks pricing and service ratings, plus some optional coverages shoppers can find with each company.