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Average cost of car insurance in Iowa for 2024

Updated Jul 12, 2024
Iowa drivers pay an average of $1,775 per year for full coverage car insurance and $324 per year for minimum coverage.
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How much is car insurance in Iowa? 

The average cost of car insurance in Iowa is $324 per year for the state minimum required coverage and $1,775 per year for full coverage, both well below the national averages of $621 and $2,278, respectively. However, costs vary based on a number of factors, including the company you choose, your city, your age and your driving record. Bankrate analyzed average rates from Quadrant Information Services for several different types of drivers. Our research might help you understand what a competitive rate looks like for your situation.

Key takeaways

  • Drivers in Des Moines, Iowa’s capital, pay $1,784 per year for full coverage, only about 1 percent more than the state average.
  • 18-year-old males have the highest average premium of any age and gender, at $3,771 per year for full coverage.
  • A 20-year-old driver on their own policy pays 34 percent more per year on average than a 20-year-old on their parents’ policy.
  • Iowa drivers with a DUI conviction pay an average of 81 percent more for full coverage than drivers with a clean driving record.
  • Having excellent credit pays off; drivers in Iowa with the highest credit tier pay an average of 16 percent less per year for full coverage compared to drivers with good credit.

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Iowa car insurance rates by city

Although the state you live in impacts the amount of insurance you must have, your ZIP code also plays a role in determining your Iowa car insurance rates. Drivers in busy urban areas, where heavy traffic makes accidents more likely and there is a higher rate of car theft, may pay more than those in suburban or rural areas, for example.

City Avg. monthly full coverage premium Avg. annual full coverage premium Avg. savings vs. state average

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Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Average car insurance costs by age and gender in Iowa

In most states, including Iowa, your age can impact your rate. Statistics indicate that young drivers have an increased rate of accidents, sometimes related to risky driving behaviors such as texting while driving. For that reason, teen drivers pay some of the highest rates for car insurance. As drivers age into their 20s, rates start to decrease as long as drivers maintain a clean driving record.

The average car insurance rates in Iowa by age shown in the table below are representative of drivers on their own policy (with the exception of 16-year-old driver rates, which are rated on a policy under their married parents’).

Age 16*
Average annual full coverage premium in IA
$3,576
Average minimum coverage premium in IA
$806
Age 18
Average annual full coverage premium in IA
$4,478
Average minimum coverage premium in IA
$1,030
Age 20
Average annual full coverage premium in IA
$3,672
Average minimum coverage premium in IA
$751
Age 25
Average annual full coverage premium in IA
$2,325
Average minimum coverage premium in IA
$418
Age 30
Average annual full coverage premium in IA
$1,897
Average minimum coverage premium in IA
$341
Age 40
Average annual full coverage premium in IA
$1,791
Average minimum coverage premium in IA
$326
Age 50
Average annual full coverage premium in IA
$1,626
Average minimum coverage premium in IA
$299
Age 60
Average annual full coverage premium in IA
$1,560
Average minimum coverage premium in IA
$298
Age 70
Average annual full coverage premium in IA
$1,651
Average minimum coverage premium in IA
$345
Age 40
Average annual full coverage premium in IA
$1,791
Average minimum coverage premium in IA
$326
Age 50
Average annual full coverage premium in IA
$1,626
Average minimum coverage premium in IA
$299
Age 60
Average annual full coverage premium in IA
$1,560
Average minimum coverage premium in IA
$298
Age 70
Average annual full coverage premium in IA
$1,651
Average minimum coverage premium in IA
$345
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 16*
Average annual full coverage premium in IA
$3,196
Average minimum coverage premium in IA
$741
Age 18
Average annual full coverage premium in IA
$3,931
Average minimum coverage premium in IA
$906
Age 20
Average annual full coverage premium in IA
$3,186
Average minimum coverage premium in IA
$690
Age 25
Average annual full coverage premium in IA
$2,156
Average minimum coverage premium in IA
$403
Age 30
Average annual full coverage premium in IA
$1,878
Average minimum coverage premium in IA
$347
Age 40
Average annual full coverage premium in IA
$1,759
Average minimum coverage premium in IA
$322
Age 50
Average annual full coverage premium in IA
$1,555
Average minimum coverage premium in IA
$310
Age 60
Average annual full coverage premium in IA
$1,551
Average minimum coverage premium in IA
$302
Age 70
Average annual full coverage premium in IA
$1,629
Average minimum coverage premium in IA
$343
Age 40
Average annual full coverage premium in IA
$1,759
Average minimum coverage premium in IA
$322
Age 50
Average annual full coverage premium in IA
$1,555
Average minimum coverage premium in IA
$310
Age 60
Average annual full coverage premium in IA
$1,551
Average minimum coverage premium in IA
$302
Age 70
Average annual full coverage premium in IA
$1,629
Average minimum coverage premium in IA
$343
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
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Bankrate’s take: Insurance rates are based on the insurance company’s risk of paying out a claim. A driver’s gender is often an important factor in determining this, as men are statistically more likely to get into accidents and file claims than women.

Cost considerations for young drivers in Iowa

Young drivers are expensive to insure, but staying on their parents’ policy can have a less striking increase. Generally, insurers will allow a young driver to be included on their parents’ policy as long as they are still a member of the household. Once a young driver has moved out and established their own household (with the exception of going to college), it’s usually time to start a separate policy, but be prepared for the cost difference. 18 year olds, for example, pay 45 percent more on their own policy versus when on their parents’ policy.

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Age 16*
Avg. annual premium for drivers in IA
$3,386
Age 17
Avg. annual premium for drivers in IA
$3,128
Age 18
Avg. annual premium for drivers in IA
$2,898
Age 19
Avg. annual premium for drivers in IA
$2,698
Age 20
Avg. annual premium for drivers in IA
$2,563
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age 18
Avg. annual premium for drivers in IA
$4,204
Age 19
Avg. annual premium for drivers in IA
$3,761
Age 20
Avg. annual premium for drivers in IA
$3,429
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age Avg. annual premium difference for drivers on their own policy
Age 18 45 percent more
Age 19 39 percent more
Age 20 34 percent more

*18- and 20-year-old are renters on their own policies with no discounts applied

How does driving record impact the cost of car insurance in Iowa?

Insurers factor in your driving record to help determine your likely future driving behaviors, which can indicate your risk of causing an accident in the future. Therefore, even one traffic offense can increase your rates by a notable amount. A single speeding ticket conviction has the least impact on the cost of car insurance in Iowa of other driving incidents, with an annual increase of 20 percent more for full coverage, while a single DUI conviction raises full coverage premiums by an average of 81 percent more per year.

Clean driving record
Avg. annual premium* in IA
$1,775
Percentage increase from IA avg. annual premium*
0%
Avg. annual premium* in IA
$2,134
Percentage increase from IA avg. annual premium*
20%
Avg. annual premium* in IA
$2,354
Percentage increase from IA avg. annual premium*
33%
Avg. annual premium* in IA
$3,215
Percentage increase from IA avg. annual premium*
81%
*The rates reflected are for full coverage policies.

Car insurance rates in Iowa by credit score

Your credit-based insurance score also contributes to your final car insurance cost in Iowa. Statistically, drivers with poor credit are more likely to file claims, which means that they are a higher risk to insurers. Insurance companies typically charge higher rates for lower credit tiers to compensate. In Iowa, drivers with poor credit pay 139 percent more than drivers with excellent credit on average.

Avg. annual premium* in IA
$3,558
Percentage difference from IA avg. annual premium*
100%
Average
Avg. annual premium* in IA
$2,005
Percentage difference from IA avg. annual premium*
13%
Avg. annual premium* in IA
$1,775
Percentage difference from IA avg. annual premium*
0%
Excellent
Avg. annual premium* in IA
$1,489
Percentage difference from IA avg. annual premium*
-16%
*Rates reflect full coverage policies.

Iowa car insurance rates by vehicle type

Finally, our team looked at average car insurance rates for different vehicles. If you’re wondering, “How much is car insurance in Iowa?”, take time to consider the type of vehicle you need to insure. Vehicles that cost more to repair or replace or are more likely to get into an accident will likely have higher average rates. For example, our research found that a BMW 330i costs $688 more annually to insure with full coverage than a Ford F-150.

Avg. annual premium* in IA
$1,775
Avg. annual premium* in IA
$1,695
Avg. annual premium* in IA
$1,542
BMW 330i
Avg. annual premium* in IA
$2,160
Toyota Prius
Avg. annual premium* in IA
$1,829
*Rates reflect full coverage policies.

Estimate your car insurance cost in Iowa

An auto insurance premium significantly adds to the total cost of car ownership, but driving without insurance can lead to hefty fines. However, with so many different factors influencing the cost of coverage, it can be challenging to figure out how much to budget for coverage. This calculator can help you estimate your monthly premium so you can get a better feel of how to financially prepare.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

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How to save on car insurance in Iowa

Iowa drivers already enjoy lower-than-average rates for car insurance when compared to the national costs, but there are ways to lower your premium even more. If you want to save money on car insurance, you might consider:

  • Make use of discounts: Almost all insurers offer at least a small handful of discounts, and many of them are easy to earn. You could, for example, save money by agreeing to receive your insurance documents digitally rather than by postal mail. You may also save for bundling auto plus home insurance, or for having safety features such as airbags installed on your vehicle.
  • Drive safely: Your driving record has a major influence on what you pay for your policy. Maintaining a clean record indicates to your company that you're not as likely to file a claim as someone with multiple infractions might, and that generally earns you a lower rate. If you do have infractions, some insurers will offer a discount if you take a defensive driving course to improve your skills behind the wheel.
  • Increase your deductible: Your deductible is the amount you pay before your policy kicks in if you have full coverage. Generally, the higher your deductible, the less you'll pay for coverage. Keep in mind, however, that you will need to have that amount available in the event of an approved claim, so be careful to only raise it as high as you can easily pay.
  • Improve your credit: Credit tiers have an indirect, but notable, impact on auto insurance rates. Lower credit tiers generally result in higher premiums. If you can improve your credit, you may see a reduction in your car insurance premium over time.

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Methodology 

Bankrate utilizes Quadrant Information Services to analyze the latest rates in July 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.