Did you know that Iowa does not require you to buy car insurance if your driving record is clean and you have enough financial resources to cover medical expenses and property damage in case of an accident?
You should remember that not everyone has the means to pay for an accident. Iowans are more likely to buy car insurance.
Your lender may also require you to purchase car insurance if your vehicle is being financed.
Even though Iowa does not technically require all drivers to have car insurance, the truth is that most drivers still want to find the best car insurance rates in Iowa.
Iowa drivers have many options that can lower the cost of car insurance.
Your driving record is one of the most important factors in determining how much car insurance you will pay. You must maintain a clean driving record in order to get and keep the lowest possible car insurance rates. You must not speed or commit other violations. There have been no convictions for driving under the influence (DUI), or driving while intoxicated (DWI).
DUI or DWI convictions will result in a significant increase in your car insurance costs. A second conviction will also cause you to scramble for high-risk insurance, if it is possible, at a price that will blow your socks.
Drivers younger than 25 are considered to be high-risk drivers and their insurance costs will often exceed that of a well-insured driver over 25. Younger drivers should continue to school with a minimum of a “B” average. This will give them a 5% discount on their monthly car insurance premium if they are a good student.
An older driver can apply for a refresher course. Although not all insurance companies offer such courses, if they do, you could save around 10% on your monthly car insurance premium.
You may be eligible for a substantial Low-Mileage Discount on your monthly bills if you don’t drive your car very often.
Are you driving an older vehicle, or one that is almost worthless? Even if your monthly payment is for collision and comprehensive coverage, your insurance company will not pay you more than the Kelly Blue Book price of your vehicle if you are in an accident. Talk to your agent about whether it’s worth continuing to pay for collision and comprehensive insurance.
Increase your deductible. You should think about this carefully. In the event of a claim, you’ll be required to pay your deductible before your insurance company will cover the cost of the repair or replacement. Your monthly car insurance payments will be lower if you have a higher deductible.
Now that you know what steps you can take in order to lower your car insurance premiums, it’s time for you to go online to find at least three websites that will allow you to compare prices from different companies.
If you are serious about saving money and want the best car insurance rates in Iowa, you will need to compare at least three websites. You can rest assured that you have compared prices from as many insurance companies as possible and that you have obtained the best possible deal at the lowest price.