Waterloo Car Insurance

How much does car insurance cost in Waterloo, IA? Check out the average rates that drivers pay below.

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What Is the Average Cost of Car Insurance in Waterloo?

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in Iowa has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Waterloo typically pay around $83.91 per month compared to the national average of $144.96 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

AreaAverage Monthly Rate
National $144.96
Iowa $82.54
Waterloo, Iowa $83.91

Waterloo, IA Best Car Insurance Companies

car insurance in Waterloo

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, State Farm generally has the most affordable car insurance in Waterloo coming in around $64.98 per month. Other companies to consider if you live in Waterloo is USAA with an average cost of $82.00 per month and Farm Bureau Mutual (IA Group) which typically runs around $85.65 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Waterloo.

RankCompanyAverage Monthly RateComparison State Average
1 State Farm $64.98-21.27%
2 USAA $82.00-0.66%
3 Farm Bureau Mutual (IA Group) $85.653.76%
4 IMT Insurance Company $86.084.29%
5 SAFECO $86.835.19%
6 Pekin Insurance $87.325.79%
7 Hastings Mutual Insurance Co $90.649.81%
8 Auto-Owners Insurance Co $90.759.95%
9 Nationwide ThreeSixZero $91.0010.25%
10 Metropolitan $96.0716.38%

How Much is Car Insurance in Waterloo, IA?

how much is auto insurance in Waterloo

Rates can vary from city to city. The residents of Ames typically pay $83.78 per month while people who live in Boone will pay $79.51 per month on average. See what people pay for car insurance in other cities in Iowa.

Iowa CitiesMonthly Average Rate
Ames $83.78
Cedar Rapids $84.90
Council Bluffs $94.17
Davenport $93.37
Des Moines $89.66
Dubuque $87.94
Iowa City $80.78
Red Oak$72.64
Sioux City $86.23
Urbandale $79.45
Waterloo $83.91

Cheap Car Insurance in Waterloo by Zip Codes

find cheap auto insurance in Waterloo

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of Iowa. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Waterloo, IA ZIP CodeAverage Monthly Rate

Car Insurance Rates by Driver's Age Group in Waterloo

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $147.90 per month in Waterloo. Compare that to drivers in their 30’s who typically pay around $81.63 per month drivers in their 40s at $69.94 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Age GroupAverage Monthly Rate

Cheapest Insurance for Teenage Drivers in Waterloo

If you are teen in Waterloo you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, IMT Insurance Company typically charges around $148.26 per month. This is likely the most affordable option in Waterloo. You might also want to consider State Farm and USAA who also offer good affordable policies for teen drivers.

CompanyAverage Monthly Rate
IMT Insurance Company$148.26
State Farm$148.65
Farm Bureau Mutual (IA Group)$176.83
Hastings Mutual Insurance Co$198.52

Cheapest Insurance for 20 Year-olds in Waterloo

20 year-olds in Waterloo might want to consider State Farm who, on average, offers car insurance rates around $96.60 per month. USAA , IMT Insurance Company , Pekin Insurance and Farm Bureau Mutual (IA Group) are also in the top 5 cheapest rates available.

CompanyAverage Monthly Rate
State Farm$96.60
IMT Insurance Company$123.02
Pekin Insurance$125.22
Farm Bureau Mutual (IA Group)$129.15

Cheapest Insurance for 30 Year-olds in Waterloo

If you are in your 30s in Waterloo our research has found that State Farm typically has the most affordable coverage coming in around $57.56 per month, followed by SAFECO at $65.52 and Metropolitan at $78.28.

CompanyAverage Monthly Rate
State Farm$57.56
Pekin Insurance$80.67

Cheapest Insurance for 40 Year-olds in Waterloo

On average, SAFECO offers car insurance for 40 year-olds in Waterloo for around $37.75 per month. If you are looking for affordable coverage, you may also want to consider State Farm or Sentry. The full list of top companies is below.

CompanyAverage Monthly Rate
State Farm$55.92

Cheapest Insurance for 50 Year-olds in Waterloo

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Waterloo we found that State Farm generally offers the most affordable coverage at $50.76 per month.

CompanyAverage Monthly Rate
State Farm$50.76
Hastings Mutual Insurance Co$62.58
Farm Bureau Mutual (IA Group)$63.34

Cheapest Insurance for 60 Year-olds in Waterloo

If you live in Waterloo and you’re in your 60s, our data indicates that Metropolitan usually has the best rates at $39.75 per month. The top 5 list of car insurance companies is below.

CompanyAverage Monthly Rate
State Farm$46.16
Farm Bureau Mutual (IA Group)$58.95

Driver's Coverage Auto Insurance Rates in Waterloo, IA

driver's coverage

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Waterloo, the average monthly rate for a driver who is currently insured is $84.54 while drivers who are not currently covered will pay around $83.20.

CoverageAverage Monthly Rate
Not Currently Insured $83.20
Currently Insured $84.54

Compare Recent Car Insurance Quotes in Waterloo

auto insurance quotes in Waterloo city

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Waterloo a driver of a 2016 Chevrolet Cruze can expect to pay around $69.20 per month while someone that owns a 1990 Chevrolet Gmt-400 may pay around $33.83 per month. Check out the list of recent quotes in Waterloo below.

VehicleAverage Monthly Rate
2016 Chevrolet Cruze$69.20
1990 Chevrolet Gmt-400$33.83
2011 Chevrolet Equinox$71.48
2007 Hyundai Elantra$60.49
2008 Chevrolet Silverado$61.40
2019 Hyundai Elantra$148.64
2021 GMC Terrain$82.28

FAQ's for Drivers in Waterloo, IA

driver’s frequently asked question in Waterloo

What Is the Minimum Liability Coverage Requirement in Waterloo, IA?

The vast majority of Iowa motorists simply opt to carry the minimum required coverage. This includes $20,000 bodily injury coverage per person, $40,000 bodily injury to more than one person per accident, and $15,000 property damage coverage per accident.

If you choose not to carry car insurance, you can demonstrate financial responsibility by filing a surety bond, cash, or securities equal to $55,000 with the state treasury. You may also drive a vehicle covered under a certificate of self-insurance from the Office of Driver Services.

In Iowa, you’re also automatically provided with uninsured motorist coverage in the minimum amounts of $20,000 bodily injury per person and $40,000 per accident. You have the right to waive this coverage by submitting a written letter of refusal to your carrier, though. This is a fairly common approach to this type of coverage in the US.

  •  $20,000; Bodily injury coverage per person; Maximum payment for serious or permanent injury or death to a single person
  •  $40,000; Bodily injury coverage per accident; Maximum payment for serious or permanent injury or death to multiple people
  •  $15,000; Property damage per accident; Maximum payment for all damaged property in an accident caused by you

What Is the Blood Alcohol Concentration (BAC) limit in Waterloo, IA?

It’s illegal to drive in Iowa at the following BAC percentages:

  • .08%+ at 21 years old or older
  • .04%+ for commercial vehicle drivers
  • .02%+ at under 21 years old

Iowa law enforcement aggressively monitors for OWI, or operating while intoxicated or drugged. The laws don’t only apply to alcohol-related impairment; it’s also illegal to operate a vehicle when you’re impaired by any controlled substance, legal or illegal. There are more than 9,000 OWI arrests annually in Iowa.

Does Iowa allow the use of digital insurance cards?

Yes, it does. Iowa motorists are no longer forced to rummage through their overstuffed glove compartments, searching for their printed proof of coverage under the impatient stare of a police officer. Simply request an official digital proof of coverage from your carrier (almost all of them provided these now), and you can show it on your electronic mobile device.

Note that if you’ve opted not to buy car insurance and instead have otherwise demonstrated financial responsibility, you must have official documentation of having filed a bond with the state (or of whichever other method applies).

Check Out Other Rates in Waterloo, IA Nearby Cities:

Ames, IA

Marion, IA

Ankeny, IA


Cedar Falls, IA


Cedar Rapids, IA


Iowa City, IA



Commute Time in Waterloo, IA

15.5 Miles

Commute Time in United States

26.4 Miles

Number of Nearest Insurance Agents in Waterloo, IA


The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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