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 analysis. Also, the car insurance rates in Sioux City is $83 more than the average rates in Iowa and $182 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 Sioux City, the average car insurance rates categorized by age and gender, and the cost of car insurance in Sioux City 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 Sioux City. Read on to learn more.

Cheap car insurance companies in Sioux City

At an average of $1,187 per year with full coverage limits of 100/300/100, Travelers provides the most affordable car insurance in Sioux City.

Ranked as the second most affordable company in Sioux City, State Farm provides car insurance at $1,346 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 Sioux City 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 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 based on coverage types are as follows:

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

The average car insurance per year for female drivers in Sioux City, Iowa, is $1,721.

Whereas the yearly average car insurance rate for male drivers is $1,705, which is $16 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 Sioux City

In Sioux City, car insurance rates are highest for teens, averaging $4,945 per year or $412 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $2,783 annually for their car insurance, which is $2,162 less than what teens pay for their coverage.

In Sioux City, adult drivers pay an average of $1,717 per year for car insurance, while senior drivers pay $1,596 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Sioux City

Examining car insurance rate trends in Sioux City, Iowa, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 27% or $369.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Sioux City, are higher than the average insurance cost in Iowa. Shopping around and taking advantage of available discounts, drivers in Sioux City can find affordable car insurance options. Additionally, 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.

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.