Cheapest Auto Insurance Quotes for Drivers Under 25 in Iowa

You have probably seen the captivating ads from car insurance companies like Liberty Mutual and Progressive that promise the cheapest rates, so you just need to choose the one with the flashiest ad, right?

It’s not that easy, however, as there are a whole bunch of unknown elements like whether or not you own a home, whether you are a woman or a man, whether you have good or poor credit, and whether or not you are currently insured, that all have an effect on the price of a policy. The information below will cover the best ways to avoid overpriced car insurance and will hopefully give you a solid foundation to find cheaper car insurance.

Comparing quotes for low-cost auto insurance is tough enough, and determining which company quotes the cheapest auto insurance rates for drivers under 25 calls for even more work. Coverage rates will most likely be a little bit more than the average rate in Iowa attributed to the posibility of more claims that comes with offering coverage for drivers age 25 and younger, but economical coverage may be attainable if you look hard enough. Each insurance company uses a slightly different approach to set premium rates, so let’s begin by examining the most affordable auto insurance companies in Iowa.

Cheapest Insurance Rates for Young Drivers

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USAA quotes some of the most affordable car insurance rates in Iowa at around $683 a year. Partners Mutual, Allied, Western National, and State Farm also rank well as some of the best Iowa insurance companies.

As the example above demonstrates, if you are a policyholder with State Farm and switched to Partners Mutual, you could realize yearly savings of in the vicinity of $186. Iowa drivers with Hastings Mutual could save as much as $193 a year, and Nationwide policyholders might lower prices by up to $202 a year.

It’s important to note that these rates are averaged for all drivers and vehicles in Iowa and and are not calculated with a price increase for drivers under 25. So the auto insurance company that can offer you the lowest price may not even be featured in the list above. That emphasizes why you need to quote rates from many companies using your own personalized driver profile and vehicle information.

The vehicle driven is probably the biggest factor when looking for the cheapest car insurance for drivers under 25 in Iowa. Vehicles with high performance engines, poor safety features, or a history of substantial liability claims will cost much more to insure than safer, lower-performance models. The table below outlines auto insurance rates for the more afforable vehicles to buy coverage for.

Above prices assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Iowa minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in specific location information which can modify prices substantially.

Based on these rates, we can assume that makes and models like the Hyundai Elantra, Honda CR-V, Ford Escape, and Toyota Prius should be some of the most affordable vehicles to insure for drivers age 25 and younger. The cost of auto insurance will be more costly because of the fact that there is more risk for drivers under 25, but in general those makes and models will most likely have the lowest insurance prices that you are likely to find.

When shopping for car insurance for drivers age 25 and younger, one of the many factors that car insurance companies take into consideration when calculating car insurance rates is where you choose to live in Iowa. Cities with more crime and/or more people like Council Bluffs, Des Moines, and Fort Dodge tend to pay more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.

The following table displays the most expensive cities in Iowa for drivers under 25 to purchase a policy in.

Table data uses comparative as specific Iowa zip code can affect premiums considerably.

Careless driving habits raise Iowa auto insurance rates

The easiest way to earn the cheapest car insurance for drivers under 25 in Iowa is to be a good driver and avoid at-fault accidents and violations. The diagram below highlights how speeding tickets and at-fault accidents impact insurance costs for different age groups. The information is based on a married female driver, full coverage, $500 deductibles, and no discounts are applied.

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In the chart above, the average cost of an auto insurance policy in Iowa per year with no violations or accidents is $912. Receive one speeding ticket and the average cost jumps to $1,062, an increase of $150 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for drivers under 25 jumps again to an average of $2,407. That’s an increase of $1,495, or $125 per month, just for not being attentive to the road!

Selecting a high-quality insurance provider is hard considering how many companies there are to choose from in Iowa. The ranking information shown next can help you choose which coverage providers to look at when looking for cheaper rates. The rankings below are for the largest companies in America, so companies that only write business in Iowa or surrounding areas will not be included in the list.

Top 10 Major Auto Insurance Companies in Iowa Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Esurance – A+
6. Allstate – A+
7. The Hartford – A+
8. Nationwide – A+
9. Progressive – A+
10. The General – A-

Top 10 Major Auto Insurance Companies in Iowa Ranked by Value

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