In Iowa, a driver must fulfill their financial responsibility by acquiring auto insurance coverage. New drivers may be unfamiliar with these exact requirements. This could lead to difficulties and the potential for penalties. Vehicle Insurance Companies West Des Moines IA can answer their questions and provide full disclose about these requirements.
The Minimum Auto Insurance Requirements
The state of Iowa requires all drivers to purchase standard liability coverage. The policy should provide $25,000 for a one injury accident. It provides $40,000 for the entire accident if there was more than one victim. It should provide $15,000 for automobile and property damage.
Types of Discounts Available
Multiple car discounts are the most common. They are achieved when the policyholder adds more than one car to the policy. The total number of additions determines the full value of the discount.
Teen and adult drivers gain discounts based on their driving record. They acquire discounts after one year of no accidents or moving violations. Teen drivers also acquire discounts based on high academic standings. Adults who turn twenty-five after the start date of their policy achieve a reduction in premium costs.
Extended Coverage Levels
Liability is required; however, it isn’t the highest coverage level. Vehicle owners gain more coverage through collision and comprehensive insurance. Collision provides repairs when the vehicle collides with any object. This includes incidents in parking lots and falling debris during storms. Comprehensive pays for the injuries and auto requirements for the vehicle owner and the other party when they are at-fault.
Coverage for Uninsured Motorists
Uninsured or under-insured motorist coverage could prevent the need for a lawsuit. It provides complete coverage for accident victims if the other driver doesn’t have insurance. This prevents delays associated with non-compliance with local insurance laws.
In Iowa, laws enforce auto insurance requirements. Vehicle owners must fulfill their financial responsibilities by buying insurance. A failure to comply with the law results in a suspension of the driver’s license and vehicle registration. Select counties may impose a limited jail sentence as well. Automobile owners who need to discuss these requirements with Vehicle Insurance Companies West Des Moines IA should contact Absolute Insurance Iowa today.