How Much is Car Insurance for Immigrants in Iowa?

The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, in particular when searching for the best car insurance rates for immigrants. To save some money, let’s lead off by showing you a few of the things that determine auto insurance rates, and find out if we can help you reduce the cost of the next policy you buy.

The vehicle model you are trying to insure is a large factor when trying to find low-priced coverage for immigrants. Vehicles with higher performance, poor safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models. The data below features car insurance prices for a number of the most cost-effective vehicles to insure.

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in zip code location which can alter price quotes substantially.

Based on these rates, we can tell that models like the Hyundai Elantra, Ford F-150, and Honda CR-V are going to be the cheaper vehicles to insure for foreigners.

Determining which insurers offer the best insurance rates for immigrants will take more work in order to find the lowest price quote. Every insurance provider has their own process for filing rates in each state, so to begin we’ll rank the insurance companies with the most affordable rates in Iowa.

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USAA has some of the lowest car insurance rates in Iowa at around $662 annually. Partners Mutual, Western National, Allied, and Hastings Mutual also qualify as some of the cheapest Iowa auto insurance companies.

As shown in the rates above, if you currently have coverage with Partners Mutual and switched to USAA, you might see an annual savings of about $22. Drivers with Western National may save as much as $139 a year, and Allied customers might see rate reductions of $149 a year.

Bear in mind that those premiums are averaged for all insureds and vehicles and do not take into consideration a price discount for immigrants. So the car insurance company that fits you best may not even be included in the list of companies shown earlier. That illustrates why you need to compare rates from multiple companies using your own specific driver and vehicle information.

The chart below illustrates how your deductible choice can influence insurance costs when getting quotes for cheap insurance for immigrants. The rate quotes are based on a single male driver, comp and collision included, and no discounts are factored in.

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A 50-year-old driver could save $206 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $310 by selecting a $1,000 deductible. Even younger insureds, such as the Age 20 example, could lower their rates $672 or more by choosing a higher deductible.

If you do raise deductibles, it is a good idea to have plenty of money set aside to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

How accidents and violations affect rates in Iowa

A great way to snag the most affordable insurance premiums in Iowa for foreigners is to drive attentively and avoid at-fault accidents and violations. The example below highlights how speeding tickets and fender-benders drive up insurance premiums for each different age category. The premiums are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 1497,1829,2165],[‘Age 30’, 1013,1345,1681],[‘Age 40’, 949,1281,1617],[‘Age 50’, 831,1161,1497],[‘Age 60’, 805,1137,1471],[‘Age 70’, 947,1279,1617]]);var options = {title: ‘Effect of Violations and Accidents on Iowa Car Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Iowa’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the chart above, the average cost of auto insurance in Iowa per year with a clean driving record and no accidents is $1,007. Receive two speeding tickets and the average cost surges to $1,339, an increase of $332 each year. Next add one accident along with the two speeding tickets and the 12-month cost of insurance for immigrants jumps again to an average of $1,675. That’s an increase of $668, or $56 per month, just for not being attentive to the road!

How to find cheap auto insurance for immigrants in Iowa

The list below details many money-saving ideas that can help Iowa drivers quote cheap coverage.

• Remove physical damage coverage on older vehicles
• Higher comprehensive and collision coverage deductibles will save money
• Higher credit scores may earn you cheaper rates
• Safer vehicles cost less to insure
• Do not get traffic citations
• Avoid having at-fault accidents
• Check for cheaper rates once a year

The last item on the list is remarkably vital, as was discussed in the prior information. Prices charged by auto insurers in Iowa vary greatly, so don’t be afraid to change insurance companies if a better rate can be found.

Having a favorite company is fine, but it’s not a great idea if that loyalty results in overpaying thousands of dollars over several years. In less than five minutes you could compare prices to find cheaper insurance for immigrants.

Best cheap insurance quotes for foreigners

Due to technology, there are many ways to find cheaper insurance in Iowa, but the most prevalent ways are using an independent insurance agent, an exclusive insurance agency like State Farm or Allstate, or direct either online or via phone.

They all follow the same basic process, but they differ slightly in how they provide price quotes.

Independent insurance agents have contracts with multiple insurance companies and can do rate comparisons with each one. These types of agencies possess the freedom to compare multiple rates, which may give you the best chance of saving money. If cheaper coverage is found, they can switch companies in-house which makes it easier to save money.

Exclusive agents are contracted to a single company, a couple examples are a Liberty Mutual or State Farm agent. This type of agents cannot compare rates from other companies, so smart shoppers will want to get additional comparison quotes.

Drivers who opt to buy insurance direct do not use a local insurance agent and instead shop direct from companies such as Esurance or Progressive. This insurance option can be a good choice for drivers who have fewer assets and understand what limits they need.

So which of the methods works best to buy cheap auto insurance for immigrants in Iowa? The obvious answer would be buying direct yields the cheapest rates because there is no agent taking a commission, but that is generally not the case. And we’d like to say using an independent agent is the best way to go because they can quote many companies, but that is not accurate either. For some people, exclusive agents may have very competitive prices that independents and direct companies can’t touch.

Due to the large number of rating factors, the best way to ensure you are not overpaying is to get as many comparison quotes as possible. Experts recommend getting price quotes all three ways in order to find the best price. For a list of companies offering online discounts, click here to view.