Iowa Insurance Requirements & Rates

Iowa requires minimum liability coverage of 20/40/15 (bodily injury per person / per accident / property damage). Iowa is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Iowa homeowners face risks from tornadoes, flooding, severe thunderstorms, hail. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $2,319.

Iowa has no motorcycle helmet requirement. Lane splitting is not legal. The riding season is april–october.

Yes, workers' compensation insurance is required in Iowa. Sole proprietors and partners may opt out. Iowa has approximately 280,000 small businesses, with top industries including Agriculture, Manufacturing, Finance & Insurance.

Yes, Iowa has expanded Medicaid. The state uses a state-federal partnership health insurance marketplace. The uninsured rate is 5%.

Yes, landlords in Iowa can require tenants to carry renters insurance as a condition of the lease. About 28% of Iowa residents are renters, with average monthly rent of $850.

With a median household income of $65,573, most Iowa families should consider 10-12x their annual income in life insurance coverage. Currently, 55% of Iowa households have life insurance.