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Iowa Auto Insurance (IO)

As a “Tort” state, Iowa resident drivers are financially responsible for any and all damages and personal injury related to an accident for which they were found to be at fault. Iowa makes sure that all residents can be held accountable and comply with the Financial Responsibility Law by

  • Having all drivers purchase auto liability insurance with minimum levels of 20/40/15 (see the chart below).
  • In lieu of insurance, drivers may post a security of at least $55,000 in a cashier’s check, certified check, money order, or bond.

Most residents choose an insurance policy to comply with the laws. Many also elect to increase these low minimum levels to help cover rising medical costs and vehicle repairs.

You may also choose to protect yourself and your assets in the unfortunate event of an accident or other situation by purchasing optional add-ons like collision, comprehensive, uninsured and underinsured motorists, and medical payments.

Coverage Type Required? Minimum Coverage Amount Required
Bodily Injury Liability Yes

$20,000 per person

$40,000 per accident

Property Damage Liability Yes

$15,000

Uninsured Motorist Bodily Injury No

$20,000 per person

$40,000 per accident

Underinsured Motorist Bodily Injury No

$20,000 per person

$40,000 per accident

Personal Injury No  


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Auto Insurance for Leased Vehicles in Iowa

Most leasing companies in Iowa typically require drivers to maintain insurance coverage which exceeds the minimums set by Iowa state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:

 

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Contacts for Auto Insurance Information In Iowa

Iowa Motor Vehicle Division
Park Fair Mall
100 Euclid Avenue
PO Box 9204
Des Moines, IA 50306-9204
www.dot.state.ia.us/mvd
Iowa Insurance Division
330 Maple Streer
Des Moines, IA 50319-0065
www.iid.state.ia.us

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**Auto Insurance Finder is not an insurance broker or carrier. Content on this site is for comparison and informational purposes only. The products and services listed on this site may not be available in all states.

Last Updated: February 14, 2008

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Key Facts...
As of 2006, motor vehicle collisions account for more than 1 million deaths and 20 million to 50 million injuries each year. You owe it to yourself and your family to find good quality car insurance that fits your needs.
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