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Best Cheap Car Insurance in Iowa for 2021

Jan. 25, 2021
Auto Insurance, Insurance
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When it comes to getting cheap car insurance in Iowa, shopping around is key. Even though Iowa’s rates are relatively affordable compared with national averages, prices for a single policy can still differ by hundreds of dollars a year, depending on the company. It pays to compare as many estimates as possible.

NerdWallet has done much of the heavy lifting already. We researched rates from 29 insurance companies in the state and found the five cheapest options for a variety of driver types.

Cheapest for 20-year-old drivers in Iowa

Drivers in their 20s may have to get a lot of quotes to find cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage in Iowa for 20-year-olds

Drivers in Iowa with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. Pekin: $1,506 per year.
  2. Farm Bureau Financial Services: $1,749 per year.
  3. IMT: $1,805 per year.
  4. Hastings Mutual: $1,814 per year.
  5. American Family: $1,827 per year.

Cheapest minimum coverage in Iowa for 20-year-olds

Drivers in Iowa who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. Western National: $371 per year.
  2. Grinnell: $412 per year.
  3. Integrity: $417 per year.
  4. Geico: $419 per year.
  5. Pekin: $464 per year.

Cheapest coverage for 20-year-olds with poor credit in Iowa

Drivers with poor credit in Iowa should look at the following insurers with the lowest average rates for minimum coverage:

  1. Integrity: $570 per year.
  2. Geico: $609 per year.
  3. Hastings Mutual: $780 per year.
  4. Farm Bureau Financial Services: $825 per year.
  5. IMT: $833 per year.

Cheapest for 20-year-old drivers with one at-fault crash in Iowa

For drivers with a recent accident in Iowa, here are the companies with the lowest average rates for minimum coverage:

  1. Western National: $371 per year.
  2. Geico: $513 per year.
  3. Integrity: $522 per year.
  4. Pekin: $620 per year.
  5. Grinnell: $643 per year.

Cheapest insurance for 20-year-old drivers after a DUI in Iowa

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers’ average rates for minimum coverage.

  1. Western National: $371 per year.
  2. Progressive: $619 per year.
  3. Integrity: $709 per year.
  4. Geico: $714 per year.
  5. Farm Bureau Financial Services: $738 per year.

Cheapest for 30-year-old drivers in Iowa

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage in Iowa for 30-year-olds

Drivers in Iowa with clean driving records may get the lowest rates from these companies:

  1. Hastings Mutual: $800 per year.
  2. Pekin: $817 per year.
  3. Farm Bureau Financial Services: $904 per year.
  4. West Bend: $904 per year.
  5. Geico: $1,034 per year.

Cheapest minimum coverage in Iowa for 30-year-olds

Drivers in Iowa who want their state’s minimum coverage can check with the following companies, which had the lowest average rates:

  1. Integrity: $167 per year.
  2. Pekin: $176 per year.
  3. Western National: $189 per year.
  4. Geico: $203 per year.
  5. Farm Bureau Financial Services: $209 per year.

Cheapest coverage for 30-year-olds with poor credit in Iowa

Drivers with poor credit in Iowa should consider the following companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $1,151 per year.
  2. Integrity: $1,342 per year.
  3. Geico: $1,430 per year.
  4. IMT: $1,561 per year.
  5. Farm Bureau Financial Services: $1,563 per year.

Cheapest for 30-year-old drivers with one at-fault crash in Iowa

For drivers in Iowa with a recent accident, here are the lowest average rate options for full coverage:

  1. Pekin: $1,051 per year.
  2. Hastings Mutual: $1,112 per year.
  3. American Family: $1,306 per year.
  4. Farm Bureau Financial Services: $1,352 per year.
  5. State Farm: $1,356 per year.

Cheapest insurance for 30-year-old drivers after a DUI in Iowa

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. Farm Bureau Financial Services: $1,363 per year.
  2. Progressive: $1,379 per year.
  3. Western National: $1,493 per year.
  4. Pekin: $1,514 per year.
  5. State Farm: $1,530 per year.

Cheapest for 40-year-old drivers in Iowa

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage in Iowa for 40-year-olds

Drivers in Iowa with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Hastings Mutual: $703 per year.
  2. Pekin: $768 per year.
  3. West Bend: $857 per year.
  4. Farm Bureau Financial Services: $894 per year.
  5. Integrity: $1,010 per year.

Cheapest minimum coverage in Iowa for 40-year-olds

Drivers in Iowa who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Western National: $155 per year.
  2. Pekin: $160 per year.
  3. Integrity: $170 per year.
  4. Hastings Mutual: $194 per year.
  5. West Bend: $201 per year.

Cheapest coverage for 40-year-olds with poor credit in Iowa

Drivers with poor credit in Iowa can check out the following insurers with the lowest average rates for full coverage:

  1. Hastings Mutual: $1,009 per year.
  2. Integrity: $1,293 per year.
  3. Geico: $1,453 per year.
  4. IMT: $1,488 per year.
  5. Pekin: $1,494 per year.

Cheapest for 40-year-old drivers with one at-fault crash in Iowa

For drivers with a recent accident living in Iowa, here are the companies with the lowest average rates for full coverage:

  1. Pekin: $984 per year.
  2. Hastings Mutual: $999 per year.
  3. American Family: $1,204 per year.
  4. Western National: $1,292 per year.
  5. State Farm: $1,318 per year.

Cheapest insurance for 40-year-old drivers after a DUI in Iowa

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. Progressive: $1,242 per year.
  2. Western National: $1,292 per year.
  3. Farm Bureau Financial Services: $1,348 per year.
  4. Pekin: $1,416 per year.
  5. American Family: $1,464 per year.

Cheapest for 50-year-old drivers in Iowa

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of the best cheap car insurance companies is a good place to start.

Cheapest full coverage in Iowa for 50-year-olds

Drivers in Iowa with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Hastings Mutual: $593 per year.
  2. Pekin: $738 per year.
  3. Farm Bureau Financial Services: $776 per year.
  4. West Bend: $805 per year.
  5. Geico: $934 per year.

Cheapest minimum coverage in Iowa for 50-year-olds

Drivers in Iowa who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Western National: $140 per year.
  2. Pekin: $155 per year.
  3. Hastings Mutual: $161 per year.
  4. Integrity: $162 per year.
  5. Farm Bureau Financial Services: $176 per year.

Cheapest coverage for 50-year-olds with poor credit in Iowa

Drivers with poor credit in Iowa can check with the following companies, which showed the lowest average rates for full coverage:

  1. Hastings Mutual: $847 per year.
  2. Integrity: $1,205 per year.
  3. Geico: $1,292 per year.
  4. Farm Bureau Financial Services: $1,371 per year.
  5. IMT: $1,392 per year.

Cheapest for 50-year-old drivers with one at-fault crash in Iowa

For drivers living in Iowa with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. Hastings Mutual: $870 per year.
  2. Pekin: $946 per year.
  3. American Family: $1,114 per year.
  4. Western National: $1,152 per year.
  5. Farm Bureau Financial Services: $1,159 per year.

Cheapest insurance for 50-year-old drivers after a DUI in Iowa

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Progressive: $1,126 per year.
  2. Western National: $1,152 per year.
  3. Farm Bureau Financial Services: $1,168 per year.
  4. American Family: $1,353 per year.
  5. Pekin: $1,361 per year.

Cheapest for 65-year-old drivers in Iowa

Although 65-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap auto insurance for seniors, drivers in their mid-60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage in Iowa for 65-year-olds

Drivers in Iowa with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Hastings Mutual: $671 per year.
  2. Pekin: $724 per year.
  3. Farm Bureau Financial Services: $766 per year.
  4. West Bend: $816 per year.
  5. Integrity: $888 per year.

Cheapest minimum coverage in Iowa for 65-year-olds

Drivers in Iowa who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Western National: $149 per year.
  2. Integrity: $167 per year.
  3. Pekin: $176 per year.
  4. Hastings Mutual: $185 per year.
  5. Farm Bureau Financial Services: $186 per year.

Cheapest coverage for 65-year-olds with poor credit in Iowa

Drivers with poor credit in Iowa can look at the following companies with the lowest average rates for full coverage:

  1. Hastings Mutual: $962 per year.
  2. Integrity: $1,110 per year.
  3. Geico: $1,261 per year.
  4. IMT: $1,290 per year.
  5. Farm Bureau Financial Services: $1,362 per year.

Cheapest for 65-year-old drivers with one at-fault crash in Iowa

For drivers with a recent accident living in Iowa, here are the companies with the lowest average rates for full coverage:

  1. Pekin: $936 per year.
  2. Hastings Mutual: $961 per year.
  3. American Family: $1,086 per year.
  4. Western National: $1,110 per year.
  5. Farm Bureau Financial Services: $1,145 per year.

Cheapest insurance for 65-year-old drivers after a DUI in Iowa

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Western National: $1,110 per year.
  2. Progressive: $1,148 per year.
  3. Farm Bureau Financial Services: $1,154 per year.
  4. American Family: $1,325 per year.
  5. State Farm: $1,332 per year.

Cheapest for military families

If you’re an active member of the military or a veteran — or have an immediate family member who is — chances are you’ll get a relatively cheap rate with USAA, a company that isn’t available to the general public.

Because of that restriction, USAA isn’t ranked with the others, but it was among the cheapest five auto insurance options for 27 of the 40 driver profiles we examined.

» MORE: Best car insurance for veterans and military

Minimum required auto insurance in Iowa

Iowa drivers must carry liability insurance with the following minimum limits:

  • $20,000 bodily injury liability per person.
  • $40,000 bodily injury liability per accident.
  • $15,000 property damage liability per accident.

If you’re ever found at fault in a crash, liability insurance kicks in to help cover others’ property damage and injury bills. Since any damage that exceeds your insurance limits will have to come out of your own pocket, it’s usually wise to purchase more than the legally required minimum. You may also want to consider common optional coverages such as collision, comprehensive and uninsured motorist insurance.

To learn more about coverage options for your Iowa plan, visit NerdWallet’s state-by-state car insurance requirements.

Alternative car insurance in Iowa

Drivers who are denied car insurance because of a spotty driving record or other reasons can get coverage through the Iowa Automobile Insurance Plan.

NerdWallet is here to help Iowans find the insurance that’s right for them. Our car insurance comparison tool offers a view of side-by-side rates.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates from an average of 14 insurers in each state and Washington, D.C., for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

  • We used a 2018 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers 20 to 80 years old in five-year increments.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.
  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.
  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

These are rates generated through Quadrant Information Services. Your own rates will be different.