Iowa car insurance customers are required to have liability coverage in place. This part of the policy pays for injuries, lost wages and expenses incurred by the occupants of the other vehicle when an accident occurs. If the accident results in one or more fatalities, the liability coverage pays for funeral expenses.
The minimum level of bodily injury liability insurance coverage required in Iowa is $20,000 to pay for the injuries sustained by a single person and $40,000 to pay for damages incurred by all victims of the accident, no matter how many people were hurt.
Liability insurance coverage also includes property protection to pay for repairs to the other driver’s vehicle, as well as objects such as light stands, sign posts, and mailboxes. The minimum amount of coverage required in Iowa is $15,000.
Iowa car insurance buyers can choose to buy a policy with a higher limit if they wish. It’s a good idea to do so, since the legal minimum amount of coverage can be used up very quickly in paying for damages. If the policy limit is not high enough to pay for the damages, the responsible driver is required to pay the difference personally.
Rather than run out of coverage and expose yourself to having to pay for damages yourself, consider buying as much Iowa car insurance coverage as you can afford.