Cheapest Car Insurance for Government Employees in Iowa

Cheapest Car Insurance for Government Employees in Iowa

Trying to find budget car insurance is not the easiest thing to do, and deciding which insurers offer the cheapest car insurance rates for government employees requires a little more work.

Each auto insurer has a unique formula to set premium rates, so let’s take a look at the car insurance companies with the overall cheapest rates in Iowa.

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Cheapest Iowa auto insurance companies
Rank Company Cost Per Year
1 USAA $683
2 Partners Mutual $698
3 Western National $785
4 Allied $803
5 Hastings Mutual $907
6 Nationwide $907
7 State Farm $927
8 Auto-Owners $948
9 Farm Bureau Mutual $956
10 Travelers $990
11 Cameron Mutual $1,033
12 GEICO $1,044
13 Farmers $1,054
14 Pekin Insurance $1,065
15 Progressive $1,073
16 American Family $1,167
17 EMC $1,171
18 General Casualty $1,199
19 Grinnell $1,242
20 MetLife $1,298
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USAA normally has some of the lowest car insurance rates in Iowa at around $683 each year. Partners Mutual, Western National, Allied, and Hastings Mutual would also make the list of some of the cheaper Iowa car insurance companies.

As shown above, if you are a customer of Allied and switched to USAA, you could earn savings of in the neighborhood of $120. Insureds with Hastings Mutual may save as much as $224 a year, and Nationwide insureds might see rate reductions of $224 a year.

Understand that those premium estimates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a rate decrease for government employees. So the car insurance company that can offer the best rates for your situation may not even be featured in the rate chart shown above. That point stresses why you need to get quotes using your own individual information.

When buying auto insurance for state and federal workers, one of the key criteria that control the price of your policy is your zip code in Iowa. More densely populated places like Council Bluffs, Sioux City, and Bettendorf will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims enjoy lower auto insurance rates.

The illustration below rates the most expensive areas in Iowa for government employees to purchase auto insurance in.

How much does car insurance cost in Iowa?
Rank City Premium Per Year
1 Council Bluffs $1,226
2 Davenport $1,145
3 Sioux City $1,135
4 Des Moines $1,106
5 Bettendorf $1,094
6 Fort Dodge $1,092
7 Waterloo $1,082
8 Clinton $1,066
9 Dubuque $1,045
10 Burlington $1,039
11 Clive $1,030
12 Muscatine $1,030
13 West Des Moines $1,026
14 Urbandale $1,025
15 Ottumwa $1,023
16 Johnston $1,022
17 Mason City $1,020
18 Cedar Falls $1,017
19 Ankeny $1,013
20 Marshalltown $1,008
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Information shown are approximated as the specific geographic location can alter rates noticeably.

Full coverage or liability only

Finding the cheapest auto insurance for government employees in Iowa is probably important to the majority of vehicle owners, and one of the fastest ways to find cheaper insurance is to buy only liability coverage. The illustration below shows the comparison of premium costs when comparing full coverage to liability only. The data is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

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If all age groups are averaged, physical damage insurance costs an extra $1,403 per year more than just buying liability only. That amount may make you wonder if buying full coverage is a waste of money. There is no exact formula of when to drop full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your vehicle’s settlement value is $11,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $10,500 after paying your deductible. If premiums are more than $1,050 a year for physical damage coverage, then it may be the right time to buy liability only.