Average car insurance cost in Iowa City, IA

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The average car insurance cost in Iowa City, Iowa is $1,351 per year, according to Insure.com data. This is $279 less than the average auto insurance cost in Iowa and $544 less than the national average, as analyzed by Insure.com.

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in Iowa City, the average car insurance rates by age, gender and how much is car insurance in Iowa City based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in Iowa City. Read on to learn more.

Cheap car insurance companies in Iowa City

At an average of $1,160 per year with full coverage limits of 100/300/100, State Farm provides the most affordable car insurance in Iowa City.

Ranked as the second most affordable company in Iowa City, West Bend Insurance Company provides car insurance at $1,180 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Iowa City that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Iowa City, Iowa:

Read about the best car insurance companies.

Average car insurance cost in Iowa City by coverage limits

The average car insurance rates in Iowa City based on coverage types are as follows:

• State minimum coverage: $278 per year (limits are 25/50/25)
• Liability only coverage: $337 per year (limits are 50/100/50)
• Full coverage: $1,351 per year (limits are 100/300/100)
• Non-owners coverage: $162 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Iowa City

The average car insurance per year for female drivers in Iowa City, Iowa, is $1,356.

Whereas the yearly average car insurance rate for male drivers is $1,346, which is $10 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Iowa City

In Iowa City, teenagers have the highest car insurance rates, at $3,936 per year or $328 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,199 annually for car insurance, which is $1,737 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Iowa City have car insurance rates of $1,355 and $1,269 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Iowa City

If we look at the car insurance rates trends in Iowa City, Iowa, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 19%, or $212.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Iowa City are lower than the average rates in Iowa. Drivers in Iowa City can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.