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Based on an analysis by Insure.com, the typical car insurance expense in Des Moines, Iowa is $1,585 annually. Furthermore, car insurance premiums in Des Moines are $45 less than compared to the state average in Iowa and $310 less than the national average.
| City average rates | State average rates | National average cost |
|---|---|---|
| $1,585 | $1,630 | $1,895 |
Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.
This article looks at the most affordable car insurance companies in Des Moines, the average car insurance rates by age and gender, and the costs in Des Moines based on coverage limits.
Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Des Moines. Keep reading to learn more.
Key Takeaways
- The annual cost of car insurance in Des Moines, Iowa is $1,585.
- State Farm provides the most affordable car insurance in Des Moines at $1,241 annually.
- Young adults in Des Moines can expect to pay approximately $2,621 annually for car insurance.
Cheap car insurance companies in Des Moines
State Farm provides the best value for car insurance in Des Moines with coverage limits of 100/300/100, costing $1,241 annually.
A close second is West Bend Insurance Company, which offers car insurance at $1,296 per year.
Affordable car insurance providers in Des Moines
| Company Name | Average annual cost | Average monthly cost |
|---|---|---|
| State Farm | $1,241 | $103 |
| West Bend Insurance Company | $1,296 | $108 |
| GEICO | $1,328 | $111 |
| Auto Owners | $1,459 | $122 |
| IMT Insurance | $1,539 | $128 |
| Travelers | $1,615 | $135 |
| Progressive | $1,616 | $135 |
| Iowa Farm Bureau | $1,704 | $142 |
| Allstate | $2,035 | $170 |
| Grinnell Mutual | $2,440 | $203 |
| USAA | $1,158 | $96 |
Read about the best car insurance companies.
Average car insurance cost in Des Moines by coverage limits
The average car insurance rates in Des Moines based on coverage types are as follows:
- State minimum coverage: $339 per year (limits are 25/50/25)
- Liability only coverage: $410 per year (limits are 50/100/50)
- Full coverage: $1,585 per year (limits are 100/300/100)
- Non-owners coverage: $200 per year
In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.
To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.
Average car insurance rates by gender in Des Moines
In Des Moines, Iowa, the average annual car insurance premium for female drivers is $1,590 per year.
While the average annual cost for male drivers is $1,579 per year, which is $11 less than what female drivers pay, according to a rate analysis by Insure.com.
According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than men.
Read more on how gender affects car insurance rates.
Average car insurance rates by age in Des Moines
In Des Moines, car insurance rates are the highest for teens, at $4,732 per year or $394 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.
Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $2,621 per year for their car insurance which is $2,111 less than what the teens pay for their insurance policy.
The car insurance rates in Des Moines for adult and senior drivers are $1,591 and $1,504 per year respectively.
The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.
Read more on auto insurance for seniors.
The table below depicts the average annual rates for drivers of different age groups:
Car insurance rates by age groups in Des Moines
| Teens (16- to 19-year-olds) | Young adults (20- to 24-year-olds) | Adults (25- to 55-year-olds) | Seniors (60- to 75-year-olds) |
|---|---|---|---|
| $4,732 | $2,621 | $1,591 | $1,504 |
Car insurance rate trends in Des Moines
Examining the trends in car insurance rates in Des Moines, Iowa it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 27%, or $333.
The table below shows the trend for last four years:
How car insurance rates are changing in Des Moines
| 2016 rates | 2019 rates | 2022 rates | 2023 rates |
|---|---|---|---|
| $1,075 | $1,289 | $1,252 | $1,585 |
Conclusion
In conclusion, the insurance rates in Des Moines, are lower than the average insurance cost in Iowa. Shopping around and taking advantage of available discounts, drivers in Des Moines can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.
Sources
- Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
- Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
- Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.
Methodology
Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.
The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
The quoted insurance rates are for comparison purposes, and your individual rates may vary.
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