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Cheap Auto Insurance Quotes in Waterloo, IA (June 2022)
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Edited by Olivia Oksenhorn | Reviewed by licensed insurance agent, Amber Benka
Last Updated February 4, 2022
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Car Insurance in Waterloo, IA
The average cost of Iowa car insurance will vary from city to city and between insurance companies. Insurify analyzed the latest insurance rates in Waterloo, IA to find you the cheapest quotes in the area.
Quick Facts
- The average cost of car insurance in Waterloo is $130 per month, or $1560 annually.
- Car insurance in Waterloo is $12 less than the average cost of car insurance in Iowa.
- The cheapest car insurance provider in Waterloo on average is Safeco, but you should always compare quotes to find your best personal rate.
Quotes by Top Companies
Progressive$31
State Farm$35
Allstate$40
American Family$107
The General$184
Cheapest Car Insurance in Waterloo, IA
The cost of car insurance can vary depending on the insurance provider. That’s because every insurance provider values information like your driving history and your credit score a little bit differently. Although the following car insurance companies offer the cheapest auto insurance premiums on average, it’s always important to compare quotes. Use Insurify to find your best rate today!
| Insurance Provider in Waterloo | Quotes |
|---|---|
| Progressive | $31 /mo |
| State Farm | $35 /mo |
| Allstate | $40 /mo |
| American Family | $107 /mo |
| The General | $184 /mo |
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Average Car Insurance Cost
| Iowa Cities | |
|---|---|
| Des Moines | $70/mo |
| Cedar Rapids | $64/mo |
| Davenport | $92/mo |
| Sioux City | $85/mo |
| Waterloo | $79/mo |
| Iowa | $78/mo |
Cedar Rapids$64
Des Moines$70
Average for IA$78
Waterloo$79
Sioux City$85
Davenport$92
Click here to learn about car insurance quotes and save on your current policy.
Minimum Car Insurance Requirements in Iowa
All motor vehicles operated or parked on Iowa roadways are required to be insured. Proof of insurance must be carried in your car at all times and must be available when:
- Requested by law enforcement
- Renewing vehicle registration
- The vehicle is involved in a car accident
The minimum liability insurance requirements for private passenger vehicles in Iowa[1] are:
- $20,000 per person for bodily injury
- $40,000 per accident for bodily injury
As a major part of your liability insurance, bodily injury coverage covers medical bills for people other than the policyholder who are injured during an accident. Iowa is an at-fault state, meaning the driver who is responsible for the collision is also responsible for paying for any resulting expenses, either through their car insurance provider or out of pocket.
- $15,000 per accident for property damage
If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident.
Find local Waterloo agents
Sinnott Agency Inc
622 West 4th Street,
Waterloo, IA 50704Egner-Peters Agency Inc
834 W 4th,
Waterloo, IA 50703Fish-Johnson Insurance Agency Inc
3265 W 4th St,
Waterloo, IA 50701BankIowa Insurance LLC
PO Box 1475,
Waterloo, IA 50704Elliott-Hartman Agency
611 Ansborough Ave,
Waterloo, IA 50704Peoples/Duchene Insurance Agency
1601 University Avenue,
Waterloo, IA 50701PDCM Insurance, Inc.
3022 Airport Boulevard,
Waterloo, IA 50704Members Ins Svcs LLC / Veridian Ins
1827 Ansborough Ave,
Waterloo, IA 50701-3629Kvale Insurance
1425 West 5th Street,
Suite 3, Waterloo, IA 50702Yarwood Insurance Agency Inc.
1010 E Mitchell Ave #2,
Waterloo, IA 50702
FAQs - Waterloo, IA Car Insurance
Insurance companies weigh multiple factors when calculating your car insurance rates, including your age, driving history, type of vehicle, and even your marital status. Not only do states have different laws and limits surrounding minimum liability coverage, but where you live within your state could also affect your driver risk profile. Insurance companies use your ZIP code to analyze your area’s weather patterns, rates of vehicle theft, likelihood of vandalism, average traffic congestion, and other factors that might lead you to file an insurance claim. If you want to pay the lowest possible rate on your car insurance policy, opt for state minimum coverage. This is the cheapest level of car insurance coverage your state will allow. Comparing real, ready-to-purchase quotes on a car insurance comparison site like Insurify can find you the lowest rates for your area, risk profile, and financial needs. Car insurance rates vary by state, driver, and company. Click here to find the cheapest car insurance quotes and companies in your area. If you’re looking for rates tailored to you, use Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts.
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Methodology
The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.
Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews.
With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.
Insurify Insights
How Waterloo Drivers Measure Up
While most drivers know that car insurance quotes are determined in part by your personal driving history, many may be unaware that rates are also impacted by the average risk of the drivers around you as well. Check out Insurify's latest analysis of driving records in Waterloo, Iowa below:
Methodology
Drawing from an internal database of over 4 million car insurance applications, the research team at Insurify analyzes patterns in car ownership and driver behavior - including how Waterloo drivers measure up to their fellow motorists across Iowa in areas including speeding, DUIs, and more.
Insurify Insights publishes data-driven articles, trend analyses, and national rankings each week on all factors related to cars and those who drive them.
Chevrolet Malibu
Most Popular Car in Waterloo
#7
City with the Most Speeding Tickets Rank in Iowa
#12
City with the Most Moving Violations Rank in Iowa
#1
City with the Most DUIs Rank in Iowa
#11
City with the Most Suspended Licenses in Iowa
While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Waterloo drivers rank 11 in the number of car accidents per driver across all cities in Iowa.
- Rank within state: #11
- Percent of drivers in Waterloo with an accident: 9.73%
- Drivers in Waterloo, IA with an accident in their driving history pay on average 58.21% more than drivers with a clean record
Exceeding the speed limit can endanger others and leave a permanent stain on your driving record. When compared to other cities in Iowa, Waterloo drivers rank 7 in the number of speeding infractions per driver.
- Rank within state: #7
- Percent of drivers in Waterloo with a speeding ticket: 15.32%
- Drivers in Waterloo, IA with a speeding ticket in their driving history pay on average 52.24% more than drivers with a clean record
While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Waterloo drivers rank 1 in the number of DUI’s per driver across all cities in Iowa.
- Rank within state: #1
- Percent of drivers in Waterloo with a DUI: 4.6%
- Drivers in Waterloo, IA with a DUI in their driving history pay on average 27.61% more than drivers with a clean record
Some car models are just more popular than others and trends can vary from place to place. The most popular vehicle in Waterloo is the Chevrolet Malibu.
The Insurify team classifies rude drivers as those who commit the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-runs. Among all cities in Iowa, Waterloo drivers rank 6 in rude driving infractions.
- Rank within state: #6
- Percent of drivers in Waterloo with a reckless driving violation: 2.34%
- Drivers in Waterloo, IA with a reckless driving violation in their driving history pay on average 35.82% more than drivers with a clean record.
Having a squeaky-clean driving record is an accomplishment to be proud of. Some cities have safer drivers than others; Waterloo drivers rank 2 in clean driving records across all cities in Iowa.
- Rank within state: #2
- Percent of drivers in Waterloo with clean record: 75.14%
Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Waterloo drivers rank 5 in failure to yield violations per driver across all cities in Iowa.
- Rank within state: #5
- Percent of drivers in Waterloo with a failure to yield violation: 0.54%
- Drivers in Waterloo, IA with a failure to yield violation in their driving history pay on average 0% more than drivers with a clean record
Reckless driving refers to a specific traffic violation: when drivers willfully act dangerously in spite of the risks they’re imposing on both themselves and others. Among all cities in Iowa, Waterloo drivers rank 2 in the number of reckless driving offenses per driver.
- Rank within state: #2
- Percent of drivers in Waterloo with a reckless driving offense: 0.18%
Insurify Insights
Insurify's team of data scientists and content specialists presents Insurify Insights, a series of automotive, home, and health studies focusing on the topics that impact us all. through expert analysis of over 4 million car insurance applications and an array of top data sources, the Insurify Insights team produces new data-driven articles, trend analyses, regional superlatives, and national rankings every week. See Insurify Insights as featured in Forbes, Fox News, USA Today, NPR, and more.
Content Manager at Insurify
Tanveen Vohra is a content manager at Insurify specializing in writing property and casualty insurance content. Through her content, Tanveen helps consumers better understand the components of their insurance policies so they can make smarter purchase decisions. Tanveen's work has been cited by CNBC, Fox Business, Business Insider, Fortune, and Market Watch, among others.
Sources
- Iowa Insurance Division. "State Minimum Car Insurance Requirements." Accessed May 28, 2022