Average car insurance cost in Des Moines, IA

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The average car insurance cost in Des Moines, Iowa is $1,585 per year, according to Insure.com data analysis. Also, the car insurance rates in Des Moines is $45 less than the average rates in Iowa and $310 less than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Des Moines, the average car insurance rates categorized by age and gender, and the cost of car insurance in Des Moines based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Des Moines. Read on to learn more.

Cheap car insurance companies in Des Moines

At an average of $1,241 per year with full coverage limits of 100/300/100, State Farm provides the most affordable car insurance in Des Moines.

Ranked as the second most affordable company in Des Moines, West Bend Insurance Company provides car insurance at $1,296 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Des Moines that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Des Moines, Iowa:

Read about the best car insurance companies.

Average car insurance cost in Des Moines by coverage limits

In Des Moines, the average car insurance rates the coverage levels 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 most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Des Moines

The average car insurance per year for female drivers in Des Moines, Iowa, is $1,590.

Whereas the yearly average car insurance rate for male drivers is $1,579, which is $11 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Des Moines

In Des Moines, teenagers have the highest car insurance rates, at $4,732 per year or $394 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,621 annually for car insurance, which is $2,111 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Des Moines have car insurance rates of $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 shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Des Moines

If we look at the car insurance rates trends in Des Moines, Iowa, it was on an upward swing from 2022 to 2023. From 2022 to 2023, the rates increase overall by 27%, or $333.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Des Moines are lower than the average rates in Iowa. Drivers in Des Moines can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

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.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.