Cheapest Auto Insurance for Drivers with Bad Credit in Iowa

The vehicle that is being insured is a large consideration when comparing the best cheap car insurance for drivers with bad credit. Vehicles with average performance, good crash test ratings, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models. The next table shows coverage prices for a number of the most economical vehicles to insure.

Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific location information which can affect prices substantially.

Based upon the rates shown, we can expect vehicles like the Ford Explorer, Toyota Prius, Ford Escape, Honda CR-V, and Chevrolet Malibu should be some of the cheapest vehicles to insure for people with poor credit. Auto insurance rates will tend to be more expensive because there is more claim exposure for drivers with bad credit, but generally speaking those particular models will probably have the cheapest auto insurance rates compared to other types of vehicles.

Trying to find cost effective insurance is not always easy, and determining which company offers the cheapest car insurance rates for drivers with bad credit will take even more work. Coverage rates will more than likely be moderately pricier than the average policy in Iowa, with the higher price attributed to the potential for more claims related to selling insurance for people with poor credit, but reasonably-priced insurance should be available with some perseverence. Each auto insurer has their own process for setting rates, so let’s begin by taking a look at the most affordable car insurance companies in Iowa.

Compare Cheap Insurance Quotes with Bad Credit

Get a Free Quote and Save

USAA may have some of the cheapest car insurance rates in Iowa at around $669 a year. Partners Mutual, Allied, Western National, and Hastings Mutual are also some of the cheapest Iowa car insurance companies.

As depicted above, if you currently have a policy with Allied and switched to USAA, you could realize savings of roughly $110. Insureds with Western National could save as much as $140 a year, and Hastings Mutual customers might see rate reductions of $202 a year.

These policy prices are averages for all insureds and vehicles and and are not calculated with a rate surcharge for drivers with bad credit. So the company that can offer the best rates for your situation may not even be featured in the rate chart shown above. That affirms the importance of why you need to get quotes using your own driver data and vehicle information.

One of the key criteria that is used by car insurance companies to calculate auto insurance rates is the neighborhood you call home in Iowa. Areas with high crime rates or more dense population like Council Bluffs, Des Moines, and Bettendorf will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower rates.

The table below ranks the more expensive cities in Iowa for drivers with bad credit to purchase car insurance in.

Table data uses estimated as zip code location can change premiums substantially.

Cheapest car insurance: Geico, Progressive, Allstate, or State Farm

When buying auto insurance for people with poor credit, some of the first companies to look at are Geico, Progressive, Allstate, and State Farm. All offer liability and physical damage insurance, but each one has slightly different coverage options that can influence your buying decision. The table below ranks ratings for price, service, and claims, in additional to some of the optional coverages offered by each one.