Affordable Car Insurance Rates in Iowa: Mandatory Coverage
In the state of Iowa, liability coverage is the only form of car insurance that is mandated by law. You must carry limits of $20,000 bodily injury per person, $40,000 bodily injury per accident and $15,000 property damage per accident. In the case of a serious accident, such limits would be insufficient. Therefore while these levels are the mandatory minimums, you should definitely consider higher limits of liability coverage for your next auto insurance policy.
Affordable Car Insurance Rates in Iowa: Recommendations
Despite the fact that Iowa mandates very little in the way of car insurance coverage, it is financially responsible to carry a variety of other types of coverage. Medical payments or personal injury protection will give you added protection if you incur bodily injury from a car accident. It covers lost wages and other things typically not covered.
Uninsured motorist coverage is another good insurance choice. Iowa has a rate of about 11.5% of its motorists who have no auto insurance. If you were to be involved in a car accident with one of them, you might encounter financial difficulties. UM coverage can help greatly.
Collision and comprehensive together make up the personal property damage portion of full coverage and are required by lenders for all vehicles which are financed. They pay for the repair or replacement of your vehicle if it is involved in an accident, fire, theft or other type of covered incident. If your car is paid off, but the value is still high enough to be inconvenient to have to replace, these types of coverage are very valuable.
There are also other types of car insurance options available to you, such as towing and labor and rental car coverage. While these are nice types of coverage to have when you need them, they may be duplicated by your credit card provider or auto club; and they are also easy places to cut if you want to reduce the cost of your car insurance.
Shopping for Affordable Car Insurance Rates in Iowa
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