Average car insurance cost in Sioux City, IA

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The average car insurance cost in Sioux City, Iowa is $1,713 per year, according to Insure.com data. This is $83 more than the average auto insurance cost in Iowa and $182 less than the national average, as analyzed by Insure.com.

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in Sioux City, the average car insurance rates by age, gender and how much is car insurance in Sioux City based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in Sioux City. Read on to learn more.

Cheap car insurance companies in Sioux City

Travelers offers the cheapest car insurance in Sioux City, at an average of $1,187 per year with full coverage limits of 100/300/100.

The second cheapest company in Sioux City is State Farm, offering car insurance rates at $1,346 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Sioux City before deciding on the policy that matches your requirements.

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

Read about the best car insurance companies.

Average car insurance cost in Sioux City by coverage limits

The average car insurance rates in Sioux City by coverage type are as follows:

• State minimum coverage: $335 per year (limits of 25/50/25)
• Liability-only coverage: $410 per year (limits of 50/100/50)
• Full coverage: $1,713 per year (limits of 100/300/100)
• Non-owners coverage: $196 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Sioux City

Based on an analysis by Insure.com, female drivers in Sioux City, Iowa pay an average annual car insurance premium of $1,721. In comparison, male drivers pay $1,705 annually, which is $16 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Sioux City

In Sioux City, car insurance rates are the highest for teens, at $4,945 per year or $412 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 $2,783 per year for their car insurance which is $2,162 less than what the teens pay for their insurance policy.

The car insurance rates in Sioux City for adult and senior drivers are $1,717 and $1,596 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 rate trends in Sioux City

Examining the trends in car insurance rates in Sioux City, Iowa it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 27%, or $369.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Sioux City are higher than the average rates in Iowa. Drivers in Sioux City 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.