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The minimum liability car insurance requirements in Iowa are $20,000 in bodily injury liability insurance per person ($40,000 per accident) plus $15,000 in property damage liability insurance. These requirements can also be written as 20/40/15.
Key Things to Know About Liability Car Insurance in Iowa
- It covers others’ expenses. Liability insurance pays for others’ medical expenses and property damage after an accident you were responsible for.
- There are penalties for driving without the required coverage. If Iowa drivers do not satisfy Iowa’s minimum liability requirements, they can face penalties for driving without insurance.
- Drivers should consider purchasing higher limits. Drivers should consider buying more than the minimum amount of liability coverage required by Iowa law if they can afford it. If you cause an accident that results in damage beyond your policy limits, you will be personally responsible for paying the difference.
- Liability insurance will not cover all events. Iowa drivers can also consider purchasing other types of car insurance in order to better protect themselves, given that liability insurance does not provide any coverage for the policyholder’s own injuries or property. For instance, both collision insurance and comprehensive insurance cover damage to the policyholder’s car. You will likely need these types of insurance if your vehicle is financed.
To learn more, check out WalletHub’s guides on how much car insurance you need and cheap car insurance in Iowa.
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