In Iowa, drivers are mandated to carry specific minimum levels of auto insurance coverage. These regulations aim to ensure all motorists have enough insurance to cover costs associated with injuries and damages from car accidents. Iowa’s required minimum coverage amounts are as follows:
Liability Insurance:
$20,000 for bodily injury per person
$40,000 for total bodily injury per accident
$20,000 for property damage per accident
Thus, an Iowa driver’s insurance policy must include at least $20,000 coverage for individual injuries, a collective $40,000 for all injuries in a single accident, and $20,000 for any property damage per incident.
While these figures represent the legal minimums, drivers are encouraged to consider higher coverage amounts for greater financial security. Additionally, while not mandated by state law, insurers in Iowa must offer uninsured and underinsured motorist coverage, providing drivers the option to safeguard against incidents involving inadequately insured parties.
Not adhering to these insurance minimums can lead to penalties that may include fines and potential suspension of driving privileges. It’s very important for Iowa drivers to maintain at least the minimum required insurance to avoid these penalties and ensure they’re sufficiently covered in the event of an accident.