Iowa Car Insurance Quotes

Iowa state law requires minimum coverage of:

• $20,000 for bodily injury or death to one person.
• $40,000 total per accident for bodily injury or death.
• $15,000 for damage to property.

Liability insurance is protection for your negligent acts that result in bodily injury and/or damage to another's property.

If you are involved in an accident as either the driver or owner of a motor vehicle, or if your license has been suspended or revoked, you must show financial responsibility. Iowa does not have a compulsory insurance law. Instead, the Financial & Safety Responsibility Act protects you from the financially unsound and reckless driver.

It does this by: Suspending the operating and registration privileges of a driver or owner who has not been able to show immediate financial responsibility following an accident; and, by requiring anyone whose driver's license has been suspended or revoked because of a conviction, unsatisfied judgment or violation of the OWI law to prove financial responsibility for any future damages or injuries that driver may cause.

Regardless of fault, an accident report must be filed with the Office of Driver Services within 72 hours if an accident results in bodily injury, death or total property damage of $1,000 or more. However, you will not be required to file a personal accident report if the accident was investigated by a law enforcement agency and the investigating officer files a report.

If you cause personal injury or damage exceeding $1,000 to the other party, you must next prove your financial responsibility. Otherwise, your license will be suspended.

You can prove financial responsibility in one of these ways:

• Show that you are covered by automobile liability insurance at the time of the accident;
• Post cash, cashier's check, certified check, bank draft or postal money order payable to the Office of Driver Services.
• Get releases from all other damaged or injured parties.
• Obtain a decision resulting from a civil damage action relieving you of all liability.
• File an agreement to pay the other damaged or injured parties on an installment plan.
• Execute a warrant for confession of judgment which includes an agreement upon payment schedule.
• File evidence of a complete settlement of all damages or injuries.