Aug 11, 2025 - News
Tariffs could make Iowa car insurance more expensive
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Iowa's car insurance rates could increase more sharply with prolonged tariffs, a new projection finds.
Why it matters: The analysis reveals another way higher import taxes are impacting Americans.
Driving the news: If tariffs remain in place, Iowa rates are expected to increase by nearly 7.3% from June to December, rising from an average annual cost of $1,485 to $1,593.
- That's compared to a 4.2% increase to $1,548 without tariffs, according to a new report from insurance-comparison platform Insurify.
Zoom in: The figures are based on the tariff picture as of Aug. 1, reflecting the Trump administration's recently lowered rates on cars and auto parts from Japan, South Korea and Europe.
Flashback: Iowa was one of only five states where car insurance prices fell last year, per Insurify.