Iowa Car Insurance

Iowa State does not compulsorily impose auto insurance laws on all vehicle owners. However, you need to be financially very capable of meeting all damages due to accident. Hence, it is prudent to carry along Iowa Auto Insurance to overcome all financial hurdles due to accidents.

What should be my coverage under Iowa Auto Insurance?

Normally all registered vehicles need to carry insurance coverage with minimum limits of $20,000 for bodily injuries per person, $40,000 for all injuries in an accident, and $15,000 for damages to property.

What are the types of coverage?

Coverage could be mandatory or optional. Mandatory coverage refers to Property Damage Liability and Bodily Injury Liability. Optional Coverage refers to collision coverage, comprehensive coverage, medical payments coverage, and underinsured and uninsured motorists coverage.

Should I buy Optional Coverage too?

It is prudent to buy all types of optional coverage to protect you and your vehicle against negligent driving of other drivers.

Is it necessary to carry proof of insurance?

It is essential to carry proof of your auto insurance in your vehicle always. Otherwise, you need to pay a penalty of $100.

What is Financial Responsibility?

Without proper Iowa auto insurance, you need to show your financial capacity to meet all damages due to accident. Normally, you need to file an accident report if there is property damage of more than $1,000 within 72 hours of the accident.

How can I prove my Financial Responsibility?

Any one of the following can prove your financial responsibility:-

If you have automobile liability insurance at the time of accident
Agree to pay damages to injured parties in installments
If you can post certified check, cashier’s check, bank draft, postal money order or cash to Officer of Driver Services
Completely settle all dues with damaged parties there itself
Release all injured and damaged parties
Issue a warrant to pay later at a specified date

Is Iowa Auto Insurance better than Financial Responsibility?

Yes. Insurance companies can easily meet costs of accidents. It is difficult for you as a single individual to meet all expenses due to accidents through your or others negligence.

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