I think we all hope that most of winter is behind us and that hopefully Spring will bring some warmer weather to Iowa.  Spring will also bring more travel as people go on vacation for Spring Break, go for weekend trips and start planning for a trip this summer.  While considering your plans, you should also consider how much protection your car insurance provides. 

Did you know that 12% of Iowans don’t carry any vehicle insurance and we estimate that another 70% of Iowans don’t have enough. Car and motorcycle accidents are the #1 cause of accidental death and disability with more than 6 million accidents each year causing 3 million injuries and more than 42,500 deaths.  That means that you have a better than 98% chance of getting into an accident during your lifetime.


Many Iowans think they have "Full Coverage", but that does not mean you are fully covered because Iowa law only requires $20,000 in insurance coverage for bodily injuries.  Given the rising costs of medical care, that barely covers a trip to the hospital and follow-up medical care.  What happens if you are involved in a vehicle crash with an uninsured driver and cannot return to work?  What can be done to protect you and your family from irresponsible and uninsured drivers?  Your car insurance company has probably not told you, but I will and I do not sell insurance.  Uninsured(UM)/Underinsured(UIM) Motorist insurance coverage is the only automobile insurance that protects you and your family for personal injuries.


Do you know how much coverage you have to protect you and your family?  My experience is that most Iowans don’t.  If you have enough Uninsured(UM)/Underinsured(UIM) Motorist coverage and a driver who has either no insurance or not enough insurance hurts you or your family, then your insurance company will pay for your damages up to the limits of insurance coverage you purchased.  Uninsured(UM) Motorist coverage is also very important because if you are the victim of a “hit and run” and the other driver is not caught, your UM coverage will provide you with protection. 


What does $20,000/$40,000 mean, anyway?  Whenever auto insurance coverage is expressed as $20,000/$40,000 or $300,000/$500,000, the policy is telling you what coverage is available “per person” injured in the accident and what total coverage is available to all persons injured in a single accident. So, if you have $20,000/$40,000 coverage, each injured person would be covered up to $20,000, but the total coverage available for the accident is only $40,000.  If four people are hurt in the accident, the most any one person would be paid is $20,000 but all five people would have to share the total of $40,000. In this situation, if any one person’s damages exceeded $20,000, or if the entire claim of all people in the accident exceeds $40,000, you could be personally responsible for what the policy did not pay.


Okay, how much does it cost?  A recent survey of the leading insurance companies shows that for most Iowa drivers the difference between $20,000 and $500,000 in coverage is less than a dollar per day.  The cost for increased coverage ranged from a low of $.15 per day to a high of $.72 per day.  Would you like to know which insurance company had the lowest rate and learn more about vehicle insurance?  


Would you like to learn more about this very important topic?  We offer a book entitled “How to Buy Insurance to Protect You and Your Family” at No Cost just go to www.IowaInsuranceBook.com or Call 641-792-3595.  Why would we offer a book at no cost to you?  Because we believe that all Iowans should have the right information to make informed decisions when they are buying insurance for their car and/or motorcycle.  Also, we have had too many clients who did not have enough insurance before their accident which resulted in them losing thousands of dollars
Corey Walker
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With over 28 years legal experience, Corey has been recognized for his work as an injury attorney.
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