Cheap Car Insurance Quotes for High Risk Drivers in Iowa

You have probably seen the ads from car insurance companies like Farmers and Nationwide that guarantee big savings. So you should just select the one with the best jingle, right?

It’s not quite that easy, unfortunately, as there are a whole bunch of unknown factors like if you just need liability coverage, if you are married or single, and tickets or driving violations, that help determine the price you have to pay. This article delves into the things that cause high insurance rates and will hopefully give you a good start in finding the cheapest insurance in Iowa.

Performance level and cost of the vehicle to be insured is one of the largest considerations when shopping for cheaper insurance for high risk drivers. Vehicles with average performance, advanced safety features, or a low likelihood of having liability claims will cost less to insure than high performance models.

The lists below outlines insurance rates for a selection of the cheaper vehicles to insure in Iowa.

Data assumes single female driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in your specific Iowa location which can affect prices substantially.

Data variables include single female driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Information does not factor in garaging location in Iowa which can increase or decrease coverage prices considerably.

Table data represents single female driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in Iowa location which can revise price quotes significantly.

Figuring out which companies have the cheapest auto insurance rates for high risk drivers involves more work in order to find the lowest price. Each auto insurer uses a different method for setting prices, so to begin we’ll rank the overall cheapest auto insurance companies in Iowa.

It’s important that you understand Iowa auto insurance rates are impacted by many things which can substantially change the policy premium. Simply having a birthday, becoming a homeowner, or having an at-fault accident can trigger price changes resulting in some rates now being more affordable than the competition.

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USAA has some of the most affordable car insurance rates in Iowa at around $690 per year. Partners Mutual, Western National, Allied, and Hastings Mutual also make the cut as some of the best Iowa auto insurance companies.

As depicted above, if you have coverage with Partners Mutual and switched to USAA, you might achieve a yearly savings of upwards of $8. Customers with Western National might save as much as $111 a year, and Allied insureds might lower prices by $121 a year.

If you would like to find cheap auto insurance for high risk drivers in Iowa, click here to start a quote or quote rates from the companies below.

Be aware that those premiums are averages across all types of drivers and the different vehicles they drive and do not take into consideration a rate surcharge for high risk drivers. So the company that is most affordable for your situation may not even be included in the list of companies above. That’s why you need to get quotes using your own personal information and vehicle type.

Ending up with the top car insurance provider can be rather challenging considering how many different companies sell coverage in Iowa. The company rank data shown below may help you analyze which providers you want to consider when comparing rate quotes.

The rankings below include companies with a national presence, so companies without a large exposure are not included in this list. To view rates from these top-rated insurers and more, follow this link.

Full coverage versus liability-only

Finding cheap auto insurance for high risk drivers in Iowa should be important to the majority of drivers, and an effective way to reduce the cost of insurance is to not buy comprehensive and collision coverage. The illustration below illustrates the difference between insurance premiums with liability coverage only compared to full coverage. The data is based on no claims or driving violations, $500 deductibles, single status, and no discounts are applied.

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Averaged for all ages 20 through 70, comp and collision coverage costs an extra $1,600 per year over and above liability only. Many of you may wonder if it’s worth it to buy full coverage. There is no set guideline of when to phase out comp and collision coverage, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s book value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $9,500 after paying your policy deductible. If it’s costing in excess of $950 annually for comprehensive and collision coverage, then it could be time to drop full coverage.