Iowa Auto Insurance Types, State Minimum Requirements, Information

Iowa auto insurance is not required for all car owners in the state. Iowa is, in fact, one of those states that requests proof of financial responsibility be produced upon request; however, auto insurance itself is not mandatory. For most people, proof of financial responsibility actually does mean they need to purchase insurance. A great majority of Iowans don't have the financial liquidity to pay for personal injury and property damage, especially in the case of serious accidents. In addition, if you happen to have a car that is financed, the finance company will require you to carry auto insurance to protect their investment.

If you take out a policy for Iowa auto insurance minimums, the state requires that you have a mandatory minimum of 20/40/15, which means $20,000 personal injury liability per person, $40,000 personal injury liability limit per accident and $15,000 property damage liability. These minimum limits are just that - minimal. Opt for higher limits for better coverage. This is very important because the in recent years traffic crashes and fatalities on Iowa interstates have risen following the implementation of a 70 mile per hour speed limit.

If you are thinking about taking out Iowa car insurance you will also want to consider the other types of car insurance available. Collision will provide coverage for your own vehicle in the case of an at-fault accident. If your car is financed, this is one of the required types of coverage to have. The other required coverage is comprehensive, which pays for property damage sustained by your car due to other losses, such as fire, theft, vandalism, animal collision, etc. You may also want to invest in underinsured and uninsured motorist coverage to protect yourself because in a state where insurance is not required as mandatory for everyone to carry, you will find that there are many uninsured drivers on the road who are completely financially irresponsible.

As you look at the variety of insurers that offer policies in the state of Iowa, be sure to learn a little about the one you are planning to get your insurance with. First, don't accept the first price quote you get. Shop around and compare a variety of insurers. The prices they offer may be very different.

In addition, you should check the Iowa Division of Insurance website to see if they are one of the companies who receives more frequent complaints about their service. You should also look into the financial stability of the company. You can do this by getting its insurance rating from one of the independent insurance ratings companies like Standard & Poor's or A.M. Best. A rating of A or A+ is what you are looking for.

Iowa is a state that has some very progressive laws regarding auto use, as well as some very permissive ones. Drivers can start learning to drive as young as 14, however there is a graduated drivers license system that keeps tabs on drivers until they are at least 17. The state has yet to come up with laws regarding cell phone use while driving, unlike many other states nationwide.

Take the steps to protect yourself by investing in good Iowa auto insurance coverage from a company you have confidence in.

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A minimum of $40,000 cumulative bodily damage coverage, per accident, is required on your Iowa auto insurance policy.

Consider your various options carefully before deciding on a policy for Iowa auto insurance.

Check additional valuable information of your State Insurance department organization.
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