For car insurance purposes, Iowa is a tort state. When an accident occurs, someone is determined to be responsible. The at-fault driver pays for the cost of medical bills, lost wages and expenses incurred by the people who have been injured. Along with the medical costs, the driver responsible for the accident also pays for the cost of repairs to the other driver’s vehicle and any public property damaged in the accident, such as mail boxes, fences, and sign posts.
For this reason, having Iowa car insurance in place is mandatory. The at-fault driver can be sued to collect damages, and there is no limit on the amount that an injured person may be awarded in compensation. Even though the state has set minimum levels for liability coverage, a driver should consider buying a policy with a higher level of coverage.
After an at-fault accident, the driver’s insurance company will pay out to compensate the accident victims for their damages and any physical damage to the vehicle, but up to the policy limit only. The at-fault driver will be responsible for paying any additional amounts owing personally.
To get an adequate level of protection for Iowa car insurance at an affordable price, a driver should shop around. Getting online quotes from different insurance providers is a great way to find a good level of coverage without breaking the bank.