Non-Owner Car Insurance in Iowa: The Cheapest Options and What You Need to Know

Non-owner car insurance costs an average of $256 per year in Iowa, although rates vary by insurer. State Farm, the cheapest commonly available insurer, charges an average of $162 per year. MoneyGeek’s comprehensive guide can help you learn about cheap non-owner car insurance in Iowa.

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Last Updated: 12/3/2021
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Non-owner auto insurance in Iowa is a good option if you don't own a car but use shared or rental cars frequently or need proof of insurance to reinstate your license. If you cause an accident, this insurance will give you liability coverage for injuries and property damage.

On average, people who have a clean driving record could pay an annual non-owner auto insurance premium of $256, while those with a significant driving offense, such as a DUI, could pay an average annual rate of $387.

MoneyGeek analyzed non-owner car insurance rates in Iowa and examined when you should and shouldn’t get this type of policy.

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Cheapest Non-Owner Car Insurance Companies in Iowa

Non-owner car insurance is generally cheaper than standard auto insurance policies. However, if you want to save money, it is important to compare quotes from multiple insurers.

On average, MoneyGeek's findings show that these two companies offer the cheapest non-owner car insurance rates in Iowa:

  • State Farm: $162 per year
  • GEICO: $163 per year

USAA has the lowest average annual rates in Iowa, at $161, but its insurance plans are only available to military members and their families.

By comparison, MetLife offers the most expensive average rate in the state, at $371 per year.

This study used the profile of a 40-year-old driver from Iowa with a non-owner car insurance policy based on limits described in MoneyGeek’s methodology.

Cheapest Non-Owner Car Insurance Companies in Iowa

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  • Company
    Annual Premium
    Monthly Premium
  • USAA
    $161
    $13
  • State Farm
    $162
    $14
  • GEICO
    $163
    $14
  • Progressive
    $278
    $23
  • Travelers
    $315
    $26
  • Farmers
    $342
    $29
  • MetLife
    $371
    $31
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How Much Is Non-Owner Car Insurance in Iowa?

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Annually, non-owner car insurance in Iowa costs an average of $256, while standard car insurance costs an average of $407 per year. These values may vary significantly depending on other variables.

Your non-owner auto insurance rate will increase to an average of $387 if you have a DUI. A standard auto insurance policy for a driver with a DUI typically costs an average of $675 per year.

Cheapest SR-22 Non-Owner Car Insurance Companies in Iowa

An SR-22 shows you have met the state's minimum liability insurance requirements. In certain states, following a severe traffic offense like a DUI, an SR-22 certificate is needed to prove financial responsibility and reinstate your driver's license.

In Iowa, filing an SR-22 will classify you as a high-risk driver and raise your insurance premiums. Non-owner car insurance is the most cost-effective way to insure a car that you do not own.

For drivers with a DUI conviction, the following companies offer the cheapest average non-owner car insurance in Iowa:

  • State Farm: $162 per year
  • GEICO: $259 per year

With an average yearly premium of $637, Travelers is the most costly choice in Iowa for non-owner SR-22 car insurance with a DUI.

Cheapest SR-22 Non-Owner Car Insurance Companies in Iowa

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  • Company
    Annual Premium
    Monthly Premium
  • State Farm
    $162
    $14
  • GEICO
    $259
    $22
  • USAA
    $265
    $22
  • Progressive
    $304
    $25
  • Farmers
    $481
    $40
  • MetLife
    $602
    $50
  • Travelers
    $637
    $53
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What Is Non-Owner Car Insurance in Iowa?

If you don't own a car but drive a rented or borrowed vehicle, non-owner liability car insurance in Iowa is the best alternative. It must meet the state's minimum liability insurance limits for bodily injury, property damage and any additional coverages. Non-owner car insurance is the same as the state-mandated non-owner liability car insurance.

You may also add uninsured and underinsured motorist coverage to this policy. However, non-owner vehicle insurance policyholders do not have access to comprehensive and collision coverage, also known as full coverage.

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Specifically, non-owner car insurance in Iowa must meet the following minimum coverage requirements:

  • $20,000 bodily injury liability per person
  • $40,000 bodily injury liability per accident
  • $15,000 property damage liability per accident

Who Should Get Non-Owner Car Insurance in Iowa?

Iowa's insurance law does not mandate auto insurance if you don't own a vehicle. However, you may need a non-owner car insurance policy for several reasons, including:

  • To get your license reinstated: Individuals who have had their license suspended due to a severe driving violation, such as a DUI, may be forced to submit an SR-22 to demonstrate their financial responsibility. A non-owner car insurance policy is an affordable way to satisfy the requirements for reinstatement.
  • To help you insure rental cars or shared cars: Insuring rental or shared vehicles can be extremely costly. If you often drive a rented or shared car, a non-owner car insurance policy will cover you at an affordable rate.
  • To help you avoid insurance gaps: If you temporarily don’t have a car, you may need a non-owner car insurance policy. Not having car insurance might create an insurance gap or lapse, which insurers can use as a reason to increase your rates. Non-owner car insurance can help you retain your coverage and qualify you for future low-cost plans.

Who Shouldn’t Get Non-Owner Car Insurance in Iowa?

Non-owner car insurance isn't necessary for everyone driving a rented or borrowed car. If you frequently drive a friend or family member's car with their permission, you may not need this insurance.

It's also not required if you rarely drive rental cars. Rental car insurance is all you need if you only rent or lease a vehicle occasionally.

How to Get Non-Owner Car Insurance in Iowa

All of the companies mentioned in this guide offer non-owner car insurance in Iowa. Some may sell it only to current customers who temporarily forgo standard auto insurance and buy non-owner auto insurance to avoid coverage gaps.

Notably, the majority of insurers do not provide online quotations for non-owner car insurance. However, you can find the actual price by contacting the insurance company using the contact information listed below.

Contact Non-Owner Car Insurance Companies in Iowa
  • Company
    Contact Number
  • USAA
    800-531-8722
  • State Farm
    800-782-8332
  • GEICO
    800-207-7847
  • Progressive
    888-671-4405
  • Travelers
    866-248-9970
  • Farmers
    888-327-6335
  • MetLife
    800-422-4272

Frequently Asked Questions About Iowa Non-Owner Car Insurance

Non-owner car insurance is not the same as a traditional insurance policy, but it can still offer good coverage to drivers. To help eliminate any confusion, here are answers to some of the most frequently asked questions about non-owner auto insurance in Iowa.

Methodology

MoneyGeek's study used data from Quadrant Information Services to compare non-owner car insurance rates in Iowa for a 40-year-old driver with a clean driving record and a 40-year-old driver with a DUI. All non-owner car insurance plans satisfy Iowa’s minimum car insurance requirements, except for liability insurance, which has:

  • $50,000 in bodily injury liability per person
  • $100,000 in bodily injury liability per accident
  • $50,000 in property damage liability per accident

The traditional insurance policies used for the study had the same coverage limits.