How Much are Car Insurance Quotes for College Graduates in Iowa?

The car, truck, or SUV you are seeking coverage for is probably the biggest factor that determines whether or not you can buy the best car insurance for college graduates. Vehicles with lots of horsepower, a lack of safety features, or an increased likelihood of liability claims will cost much more to insure than safer models. The tables below shows auto insurance premiums for some of the cheaper automobiles to buy coverage for.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in garaging location in Iowa which can lower or raise insurance rates substantially.

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can influence insurance rates considerably.

Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in specific garaging location which can lower or raise prices substantially.

Deciphering which company quotes the lowest-priced insurance rates for college graduates will require a bit more effort than just comparing a company or two.

Each insurer has their own unique process for determining prices, so let’s take a look at the insurance companies that tend to be cheaper in Iowa. It’s important to know that Iowa insurance rates are influenced by many factors that may substantially change the policy price. Simply getting older, buying a home instead of renting, or having an accident may generate price changes resulting in some companies being more affordable than others.

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Partners Mutual has some of the lowest car insurance rates in Iowa at around $677 each year. USAA, Western National, Allied, and Hastings Mutual also rank well as some of the more affordable Iowa insurance companies.

As shown in the table above, if you currently have coverage with Hastings Mutual and switched to USAA, you may see savings of in the vicinity of $215. Iowa drivers with State Farm could save as much as $217 a year, and Nationwide insureds might cut rates by $224 a year.

Remember that these policy rates are averages for all drivers and vehicles and do not factor in a rate discount for college graduates. So the auto insurance company that fits your needs best may not even be in the rate chart shown above. That underscores the importance of why you need to get rate quotes from many companies using your own specific driver information and vehicle.

One of the more important criteria that determine the amount you pay each year for auto insurance is where your home is located in Iowa. Areas that are more densely populated like Council Bluffs, Davenport, and Fort Dodge will most likely have higher rates, whereas areas with less people or fewer weather incidents benefit from having to pay less for coverage.

The next table sorts the most expensive places in Iowa for college graduates to purchase a policy in.

Rates are estimated as the specific Iowa residence address can alter prices noticeably.

Insuring your vehicle with the top company can be difficult considering how many different insurance companies sell coverage in Iowa. The company information in the next section may help you select which auto insurance companies you want to consider when looking for cheaper rates.

The rankings below only include large nationwide companies, so smaller companies will not be included in the list. To check prices from the insurers below and more, click this link.

Top 10 Large Auto Insurance Companies Overall in Iowa

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Top 10 Large Auto Insurance Companies in Iowa Ranked by Customer Service

1. State Farm
2. Nationwide
3. Safeco Insurance
4. American Family
5. Travelers
6. Liberty Mutual
7. GEICO
8. Allstate
9. The Hartford
10. Farmers Insurance

Cost comparison with and without full coverage

Finding cheap auto insurance for college graduates in Iowa should be important to most people, and one of the fastest ways to pay less for insurance is to not insure for full coverage. The information below visualizes the comparison of premium costs with full coverage and liability only. The information is based on a clean driving record, no claims, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

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If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $1,055 per year more than buying just liability insurance. A very common question is when is it a good idea to stop buying full coverage. There is no exact formula to stop buying physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your vehicle’s claim settlement value is $11,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $10,500 after the policy deductible has been paid. If it’s costing you more than $1,050 a year for full coverage, then it might be time to consider dropping full coverage.

How to find the cheapest auto insurance for college graduates

It’s not impossible to find cheaper rates, and here are some of the recommended thrifty solutions that can help you find lower-cost coverage.

• Do not get tickets or violations
• Good credit can help you save money
• Increase your policy deductibles
• Avoid preventable accidents
• On older vehicles, drop full coverage
• Drive a car with a high safety rating
• Comparison shop at least once a year

The last tip in the list is especially significant, as we stressed in the prior article. Prices charged by car insurance companies in Iowa fluctuate constantly, so drivers shouldn’t be reluctant to switch carriers if a cheaper rate is available. Staying with the same company for years is fine, but we do not recommend it if it’s costing you a lot of money. It only take a few minutes to compare rates and find cheaper car insurance for college graduates.