Iowa Car Insurance Minimum Coverage Requirements
However, while Iowa enjoys low car insurance rates, there are some minimum state insurance requirements. Iowa state law requires you to carry minimum amounts of Bodily Injury Liability. You must carry coverage of at least $20,000.00 per injured person up to a total of $40,000.00 per accident. In addition, you are required to have a minimum of $15,000.00 Property Damage Liability on your car. Keep in mind that these are just minimum requirements and you may want to maintain coverage above the minimum requirements.
Iowa Car Insurance Proof of Financial Responsibility Requirements
Drivers in Iowa are also required to show some proof of financial responsibility. Proof of financial responsibility varies greatly, and you might be required to post a large amount of cash to the Iowa Office of Driver Services. In some cases you are only required to sign a statement agreeing to pay the costs of damage to the other party’s person and property. You’ll need to show proof of financial responsibility if you’re involved in an accident that causes over $1,000.00 in damages to the other party’s person or property. You do not need to show proof of financial responsibility if you are stopped by the police, if your vehicle is driven without your permission, or if no damage occurred in an accident.
Forest City, IAWinnebago Car Insurance Rider
If you live in or near Forest City, Iowa, and within 5 miles of the Winnebago plant located there, you will be required to carry a rider on your car insurance policy. This rider covers you in the event you are in a car accident with a Winnebago.
Iowa Car Insurance PIP Coverage
While Iowa does not require you to carry Personal Injury Protection (PIP) on your car insurance, it might be wise to add it to your policy. Personal Injury Protection, or PIP, as it is commonly referred to, covers reasonable and necessary medical expenses for you and your passengers in the event of an accident. These expenses include lost wages and funeral expenses for a period of 3 years from the date of the accident.
Iowa Car Insurance UM/UIM Coverage
Additionally, Uninsured/Underinsured Motorist (UM/UIM) coverage for any bodily injury caused by an uninsured or underinsured driver, while not required by Iowa state law, could be a wise choice when selecting a car insurance policy.
Iowa’s Tort System for Determining Car Accident Fault
The state of Iowa follows a Tort system. This means that someone must be found to be at fault in the event of an accident. Under a tort system of fault, the person who caused the accident and their insurance company are responsible for all the damages to both vehicles. Because Iowa uses the Tort system, you might want to purchase as much car insurance coverage that you can reasonably afford to ensure you have more than adequate protection. Not having enough coverage, or having just the bare minimum required, could require you to pay out of your own pocket for any medical expenses or damages not covered by your policy in the event you deemed to be at fault in an accident.
Compare Iowa Car Insurance Quotes Now!
The best way to properly insure your car and give yourself peace of mind in Iowa is to shop around and do a side-by-side comparison of car insurance quotes. Oh, and if you live in or around Forest City, watch out for those Winnebagos! There is no need to pay more for car insurance then you should so get started comparing Iowa car insurance rates now!
Article Author :James_J._Robinson
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