Cheapest Car Insurance In Waterloo, IA 2024
State Farm stands out as the cheapest option in Waterloo, IA, with an average rate of $62 per month.
We’ve saved shoppers an average of $600 per year on their car insurance.
When searching for the cheapest car insurance in Waterloo, IA, prices can vary significantly.
For the lowest liability-only coverage, State Farm is the top choice. Those needing full coverage will find that Nationwide offers the best rates. For young drivers, State Farm provides the most affordable options.
Cheapest Car Insurance Companies In Waterloo, IA 2024
Cheapest Full Coverage Car Insurance In Waterloo: Nationwide
Nationwide offers the cheapest car insurance rates for full coverage in Waterloo, with average quotes of $85 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Nationwide | $85 | $1,020 |
| Travelers | $93 | $1,116 |
| Safeco | $95 | $1,140 |
| Progressive | $215 | $2,580 |
Full coverage car insurance offers extensive protection beyond the basic coverage required by law. This type of insurance typically combines comprehensive and collision coverages. Comprehensive coverage protects against non-collision incidents such as theft, vandalism, or natural events. Collision coverage, on the other hand, covers the cost of damages to your vehicle from accidents, regardless of who is at fault.
Cheapest Car Insurance Companies In Waterloo For Drivers With Prior Incidents
In Waterloo, drivers with a history of traffic violations such as accidents, speeding tickets, or DUIs often encounter challenges in securing affordable car insurance. These infractions categorize them as high-risk by insurance companies, implying a higher probability of filing future claims. As a result, insurance providers increase their rates for these individuals to offset the potential for higher claim payouts and manage the associated risk.
Cheapest Car Insurance In Waterloo After A Speeding Ticket: State Farm
State Farm offers very competitive rates compared to other companies, with average monthly premiums of $65.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $65 | $823 |
| Nationwide | $80 | $960 |
| West Bend Mutual | $88 | $1,057 |
| Iowa Farm Bureau | $115 | $1,385 |
| Progressive | $124 | $1,492 |
Cheapest Car Insurance In Waterloo After At-Fault Accident: State Farm
State Farm provides the most affordable car insurance quotes for drivers with an at-fault incident, averaging $73 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $73 | $878 |
| Travelers | $121 | $1,455 |
| West Bend Mutual | $117 | $1,410 |
| Nationwide | $167 | $2,004 |
| Grinnell | $140 | $1,688 |
Cheapest Car Insurance In Waterloo For Drivers After A DUI: State Farm
State Farm offers the lowest rates for drivers in Waterloo after a DUI, with average monthly premiums of $68.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $68 | $823 |
| Allstate | $175 | $2,093 |
| Iowa Farm Bureau | $197 | $2,366 |
| Travelers | $120 | $1,449 |
| USAA | $121 | $1,460 |
Cheapest Auto Insurance Rates In Waterloo For Teenagers: State Farm
Teenage drivers in Waterloo can get the most affordable car insurance quotes from State Farm, with average monthly premiums of $150.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $150 | $1,800 |
| Hastings Mutual Insurance Co | $205 | $2,460 |
| Farm Bureau Mutual (IA Group) | $203 | $2,436 |
| IMT Insurance Company | $160 | $1,920 |
| USAA | $180 | $2,160 |
Teenage drivers typically encounter the highest car insurance premiums primarily because of their lack of driving experience. Insurance providers classify these young drivers as high-risk due to their statistically higher likelihood of being involved in accidents and committing traffic infractions.
Cheapest Minimum Coverage Car Insurance In Waterloo: State Farm
State Farm is the most affordable car insurance company for minimum coverage in Waterloo, with an average monthly cost of $62.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $62 | $744 |
| Nationwide | $103 | $1,241 |
| USAA | $79 | $945 |
| West Bend Mutual | $67 | $805 |
| Farmers | $117 | $1,414 |
Having minimum car insurance offers some protection while driving, but it doesn’t include collision or comprehensive coverage. This means damages to your vehicle from accidents, theft, or natural disasters won’t be covered.
Cheapest Car Insurance In Waterloo For Seniors: Safeco
Safeco offers the cheapest car insurance rates for seniors in Waterloo, with average quotes of $40 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Safeco | $40 | $480 |
| USAA | $77 | $924 |
| Farm Bureau Mutual (IA Group) | $70 | $840 |
| IMT Insurance Company | $73 | $876 |
| State Farm | $55 | $660 |
In Iowa, many seniors can benefit from favorable car insurance rates due to various positive factors. Although age is usually a consideration in determining insurance rates, with older age sometimes linked to decreased driving ability, this stereotype doesn’t apply to everyone. Many seniors maintain excellent driving records, which can lead to lower premiums.
Cheapest Car Insurance In Waterloo For Young Adults: State Farm
State Farm provides the most competitive quotes for young adults in Waterloo, with rates averaging around $105 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $105 | $1,260 |
| USAA | $148 | $1,776 |
| Pekin Insurance | $144 | $1,728 |
| Hastings Mutual Insurance Co | $150 | $1,800 |
| IMT Insurance Company | $140 | $1,680 |
In Iowa, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This difference is due to the development of safer driving habits and a decrease in risky behaviors as drivers mature. Statistically, young adults are less likely to file insurance claims, reflecting a reduced involvement in accidents. As a result, insurers lower premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.
Best Car Insurance Companies In Waterloo
For drivers in Waterloo, IA, selecting the right car insurance company involves balancing cost-effective rates with dependable coverage. Below are the top 10 car insurance companies in Waterloo, ranked by their average monthly rates.
| Company | Monthly Premium |
| Hastings Mutual Insurance Co | $100 |
| Nationwide ThreeSixZero | $95 |
| Cameron Mutual Group | $120 |
| Pekin Insurance | $103 |
| State Farm | $72 |
| Auto-Owners Insurance Co | $110 |
| USAA | $102 |
| American Family | $112 |
| IMT Insurance Company | $97 |
| Farm Bureau Mutual (IA Group) | $98 |
How Much Is Car Insurance In Other Cities in Iowa?
| City | Average Monthly Rate |
| Boone | $100 |
| Council Bluffs | $112 |
| Clinton | $82 |
| Davenport | $115 |
| Ames | $108 |
| Dubuque | $117 |
| Cedar Rapids | $98 |
| Des Moines | $114 |
| Harlan | $96 |
| Shenandoah | $101 |
The city where you live has a notable influence on your car insurance rates. Insurance companies evaluate several factors specific to your location, including the frequency of accidents, vehicle theft rates, and incidents of vandalism. These risks tend to be higher in urban areas, which often results in higher insurance premiums to account for the increased likelihood of claims.
Average Cost Of Car Insurance In Waterloo – By Age
| Age | Average Yearly Rate |
| Teenagers | $170 |
| 20s | $148 |
| 30s | $84 |
| 40s | $83 |
| 50s | $95 |
| 60s | $75 |
| 70s | $86 |
Age plays a crucial role in determining car insurance rates. Younger drivers, especially teens and young adults, usually have higher premiums due to their lack of experience and higher likelihood of accidents and violations. By age 25, rates typically begin to decrease assuming a clean driving record. The most favorable rates are often seen for drivers in their 50s and early 60s, as insurance companies consider age to gauge driving experience and risk potential, which directly impacts premium costs.
Average Cost Of Auto Insurance In Waterloo – By Zip Code
| City | Average Monthly Rate |
| 50702 | $98 |
| 50707 | $97 |
| 50703 | $105 |
| 50701 | $100 |
Our Methodology
Based on a thorough analysis that considers customer service ratings, product options, pricing, and reviews from various online sources and user experiences, we have developed a comprehensive view of the car insurance landscape in Waterloo, IA.
Quotes Analyzed
Brands Reviewed
Years Of Experience
Research Hours
FAQs
Who has the lowest car insurance rates in Waterloo?
State Auto provides the lowest car insurance rates in Waterloo for the minimum coverage required by the State of Iowa, while Nationwide offers competitive rates for full coverage, which includes comprehensive and collision coverage.
What is the average cost of car insurance in Waterloo?
The average cost of car insurance in Waterloo is approximately $88 per month. However, rates can vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant variables.
