Technically, if you live in Iowa you don’t have to buy automobile insurance if you have a spotless driving record – and if you own your vehicle free and clear. The problem is, if you get in an accident and you do not have insurance you must be able to prove that you have the financial resources available to take care of all injuries and damages that result from the accident or you can lose your driving privileges entirely.
For most people it just makes sense to purchase discount automobile insurance and not risk the possibility of not having the financial resources available to pay for an accident out of pocket if the need arises. On top of that, if your vehicle is being financed then your lender will most assuredly require that you purchase automobile insurance.
So now the question really becomes, how can I save money and get discount automobile insurance in Iowa? Fortunately there are several simple things that almost any Iowa driver can do to help keep insurance costs under control.
Start with your own driving habits. Don’t speed and don’t drive recklessly. Any ticket for a moving violation and your automobile insurance rates will start edging up.
If you are convicted of a DUI (Driving Under the Influence) or a DWI (Driving While Intoxicated) your automobile insurance rates could soar sky-high and stay there for at least 3 years – maybe longer. If you have multiple convictions for DWI or DUI you may be forced to find high-risk insurance at an astronomical cost.
If you are under 25 and have the option stay in school and maintain at least a 3.0 grade point average. This should qualify you for a Good Student Discount and save you at least 5% on your monthly premiums.
Similarly, older drivers, those drivers over 55, may be able to take a special driver’s refresher course. Passing such a course can save you 10% or even more on your monthly premium – but talk to your agent as not every insurance company offers this option.
If you only drive a very limited number of miles each week talk to your agent about getting a limited-mileage policy. This can save you a fortune every year.
If you drive an older car or a “junker” with no real value then you should probably cancel any collision or comprehensive coverage you have since your insurance company won’t pay off on the car even if you pay for the insurance.
Your deductible can make a huge difference in how much you pay for automobile insurance each month. Determine how much – realistically – you can afford to pay out of your own wallet any time you get into an accident. The more you can afford to pay yourself – in other words, the higher your deductible – then the less you will be asked to pay each month for your insurance.
O.K. – it’s time to get online, compare policies between companies, and save money and get discount automobile insurance here in Iowa. It can be done and now you have the information needed to do it – just keep in mind that if you really and truly want to find the very best price for your insurance then you need to take the time to make your comparisons on at least 3 different websites before making your final choice.