Cheapest Car Insurance Quotes in New Market

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406,175 Policies Sold

New Market Car Insurance

^$ 19

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in New Market

The car insurance rate in New Market is $853 for a six-month policy, which is $98 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $416, making it a popular choice for budget-conscious drivers. Rates in New Market can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in New Market

$853

Avg. Car Insurance in Iowa

$755

National Average

$1278

Cheapest Car Insurance Companies in New Market

1st place: West Bend Mutual

At $416 for a six month policy, West Bend Mutual offers the cheapest auto insurance rates in the city.

2nd place: Grange

Grange offers auto insurance rates at $470 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Travelers

Travelers offers auto insurance rates at $497 for six months, making it the third cheapest auto insurance company in New Market.

New Market Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in New Market, IA is West Bend Mutual, offering policies at just $416 for a six-month term. This is followed by Grange, which has an average six-month premium of $470.

At the higher end of the spectrum, Grinnell Mutual is the most expensive, with rates reaching $1356 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help New Market drivers find the best deals.

Cheap Car Insurance Companies in New Market, IA

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
West Bend Mutual	$416	$69
Grange	$470	$80
Travelers	$497	$84
Auto-Owners Insurance Co	$504	$86
Hastings Mutual	$516	$86
Westfield	$550	$94
IMT Insurance Company	$571	$95
American Family	$605	$102
State Farm	$745	$125
Pekin	$758	$129
Progressive	$765	$129
USAA	$772	$130
West Bend	$879	$147
Farm Bureau Mutual (IA Group)	$933	$158
IMT	$1007	$168
Auto-Owners	$1141	$194
Farm Bureau	$1288	$215
Allstate	$1611	$271
Nationwide	$1692	$281
Grinnell Mutual	$1356	$226

Key Takeaways

Way's key takeaways about car insurance in New Market

The auto insurance costs in New Market fall around $416 for six months.
The cheapest auto insurance company in New Market is Pekin.
Teen drivers pay the highest rate in New Market at $519 per month.

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Cheapest Minimum Liability Car Insurance in New Market

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in New Market are given below.

Pekin provides the cheapest minimum car insurance coverage in New Market. Their Average 6 Month Premium is $114. Grinnell Mutual is the most expensive at $302 for the same period.

Cheapest Liability Coverage in New Market, IA

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Pekin	$114	$19
Westfield	$121	$20
Hastings Mutual	$128	$21
Progressive	$128	$21
West Bend Mutual	$134	$23
Grange	$148	$25
USAA	$155	$26
Farm Bureau Mutual (IA Group)	$162	$27
Auto-Owners Insurance Co	$168	$28
State Farm	$168	$28
Iowa Farm Bureau	$181	$31
IMT	$188	$32
Travelers	$188	$32
Farm Bureau	$215	$36
West Bend	$215	$36
American Family	$221	$37
Auto-Owners	$235	$40
Allstate	$443	$75
Nationwide	$530	$90
Grinnell Mutual	$302	$51

Cheapest Full Coverage Car Insurance in New Market

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in New Market is West Bend Mutual at $69 per month and $416 for six months.

Cheapest Full Coverage Car Insurance Quotes in New Market, IA

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
West Bend Mutual	$416	$69
Grange	$470	$80
Travelers	$497	$84
Auto-Owners Insurance Co	$504	$86
Hastings Mutual	$516	$86
Westfield	$550	$94
IMT Insurance Company	$571	$95
American Family	$605	$102
State Farm	$745	$125
Pekin	$758	$129
Progressive	$765	$129
USAA	$772	$130
West Bend	$879	$147
Farm Bureau Mutual (IA Group)	$933	$158
IMT	$1007	$168
Auto-Owners	$1141	$194
Farm Bureau	$1288	$215
Allstate	$1611	$271
Nationwide	$1692	$281
Grinnell Mutual	$1356	$226

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Average Car Insurance in New Market by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in New Market, IA increasing?

Despite maintaining a clean driving record, your car insurance rates in New Market, Iowa, may be increasing due to several external factors. Iowa has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, New Market's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in New Market

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

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Cheapest Car Insurance Rates for Teen Drivers in New Market,IA

If you are planning to get a car insurance policy for your teenage dependent, Westfield provides the cheapest car insurance in the New Market at $25 per month. At $3048 for a six-month premium, Grinnell Mutual offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$148	$25
Grange	$168	$28
West Bend Mutual	$181	$31
Iowa Farm Bureau	$208	$35
Travelers	$705	$119
American Family	$1000	$168
USAA	$1262	$212
Progressive	$1504	$253
State Farm	$1765	$297
IMT	$1826	$304
Farm Bureau Mutual (IA Group)	$2518	$428
West Bend	$2698	$450
Farm Bureau	$2752	$468
Auto-Owners	$2846	$475
Allstate	$3443	$580
Nationwide	$5363	$894
Grinnell Mutual	$3048	$519

Teen Car Insurance Rates in IA by Age

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in New Market, Grange is the cheapest car insurance provider. At $194 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in New Market is Grinnell Mutual, offering rates of around $2383 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Grange	$194	$33
Westfield	$235	$40
West Bend Mutual	$242	$41
Travelers	$262	$44
American Family	$269	$45
Progressive	$745	$125
IMT	$1336	$223
USAA	$1423	$242
West Bend	$1564	$261
Farm Bureau	$2222	$377
State Farm	$2322	$391
Nationwide	$2409	$410
Allstate	$2530	$421
Auto-Owners	$2927	$497
Grinnell Mutual	$2383	$406

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Car Insurance Rates with An Accident in New Market

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In New Market, IA, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in New Market

The cheapest car insurance companies after an at-fault accident in New Market include Hastings Mutual and Pekin, offering $128 and $155, respectively. Nationwide is an expensive provider with an average six-month premium of $2726.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Hastings Mutual	$128	$21
Pekin	$155	$26
Western National	$201	$34
Westfield	$201	$34
Grange	$228	$38
Auto-Owners Insurance Co	$235	$40
West Bend Mutual	$235	$40
Grinnell Mutual	$249	$42
Travelers	$504	$85
State Farm	$564	$95
American Family	$644	$108
Progressive	$772	$130
USAA	$1101	$185
Farm Bureau Mutual (IA Group)	$1376	$234
Auto-Owners	$1477	$246
West Bend	$1477	$251
IMT	$1577	$263
Farm Bureau	$2094	$356
Allstate	$2222	$374
Nationwide	$2726	$463

New Market Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in New Market IA. For example, the car insurance in New Market after a DUI increases to $804 for a six month policy. While the rate increases by $114 for a six-month policy in the case of a speeding ticket.

New Market auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$947	$158
One Med/PIP claim	$959	$163
Not-at-fault accident	$986	$165
One comp claim	$1014	$173
Two Med/PIP claims	$1041	$173
Child safety restraint	$1061	$181
Failure to show documents	$1061	$176
Failure to wear a seat belt	$1061	$181
Speeding 6 - 10 MPH over limit	$1061	$176
Two comp claims	$1061	$181
Driving without lights	$1067	$177
Driving with expired registration	$1094	$186
Failure to yield	$1094	$182
Illegal turn	$1094	$186
Failure to stop at a red light	$1101	$183
Wrong way/wrong lane	$1107	$189
Cell phone violation	$1114	$185
Driving too slowly	$1114	$190
Speeding 11 - 15 MPH over limit	$1114	$185
Texting while driving	$1114	$190
Speeding 16 - 20 MPH over limit	$1121	$186
Speeding in school zone	$1135	$193
Improper passing	$1141	$190
Following too closely	$1148	$195
At-fault accident - less than $1000	$1168	$194
Passing school bus	$1188	$202
Operating a vehicle without permission	$1249	$208
At-fault accident - $1000-$2000	$1269	$216
Speeding 21 - 25 MPH over limit	$1269	$211
At-fault accident - greater than $2000	$1276	$217
In 65 MPH zone	$1363	$227
Open container	$1436	$244
Racing	$1618	$270
Driving with a suspended license	$1651	$280
Reckless driving	$1692	$281
Refusal to submit to a chemical test	$1719	$293
DUI	$1751	$292
Leaving scene of an accident/hit and run	$1772	$302

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in New Market after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in New Market.

The cheapest car insurance premiums in New Market are offered by American Family at $194 for a six-month policy. However, it can be as expensive as $2625 with companies like Grinnell Mutual.

New Market car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American Family	$194	$33
Western National	$201	$34
Grange	$262	$44
Travelers	$262	$44
West Bend Mutual	$262	$44
Progressive	$725	$122
IMT	$1336	$223
USAA	$1423	$242
West Bend	$1564	$261
Farm Bureau	$2222	$377
State Farm	$2235	$376
Nationwide	$2409	$410
Allstate	$2530	$421
Auto-Owners	$2927	$497
Grinnell Mutual	$2625	$446

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in New Market are offered by Westfield at $148. However, it can be as expensive as $1356 with companies like Grinnell Mutual for a similar six-month premium.

Cheapest Car Insurance in New Market after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$148	$25
West Bend Mutual	$174	$29
American Family	$194	$33
Western National	$201	$34
Iowa Farm Bureau	$221	$37
Travelers	$221	$37
Grange	$228	$38
State Farm	$530	$89
Progressive	$664	$112
USAA	$1027	$171
IMT	$1402	$238
Farm Bureau	$1577	$263
West Bend	$1772	$302
Allstate	$1852	$308
Auto-Owners	$1940	$330
Nationwide	$2135	$356
Grinnell Mutual	$1356	$231

Car Insurance Price Trends in New Market, Iowa

Car insurance rates in New Market have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the New Market rose by $174 in January compared to $158 of December. In other words, there has been an increase by $16 when you compare January and December.

The average cost of liability insurance in the New Market remained steady at $33 in both January and December, indicating no change over the two month period.

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Frequently Asked Questions

How much is car insurance in New Market?

The car insurance in New Market is $19 per month, which is lower than the national average.

What is the cheapest car insurance in New Market?

The cheapest car insurance in New Market is $69 per month for full coverage.

How much is car insurance in New Market for teenagers?

Car insurance for teenagers costs $148 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in New Market?

The average cost of car insurance is $755 for a six-month policy. It will cost around $142 per month to insure your car in New Market.

Is car insurance expensive in New Market?

Car insurance can be expensive in New Market if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in New Market can be affordable.

Cheapest Car Insurance Quotes in New Market

Why you can trust Way?

How Much Is Car Insurance in New Market

Avg. Car Insurance in New Market

Avg. Car Insurance in Iowa

National Average

Cheapest Car Insurance Companies in New Market

1st place: West Bend Mutual

2nd place: Grange

3rd place: Travelers

New Market Car Insurance Rates by Company

Cheap Car Insurance Companies in New Market, IA

Way's key takeaways about car insurance in New Market

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in New Market

Cheapest Liability Coverage in New Market, IA

Cheapest Full Coverage Car Insurance in New Market

Cheapest Full Coverage Car Insurance Quotes in New Market, IA

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in New Market by Rating Factor

I have a clean driving record. Why is my car insurance rate here in New Market, IA increasing?

Car Insurance Premiums by Age in New Market

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in New Market,IA

If you are in your twenties N/A is the best choice for car insurance in New Market.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in New Market

Cheapest Car Insurance Companies after an At-Fault Accident in New Market

New Market Car Insurance Rates by Violation

New Market auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in New Market after a DUI

New Market car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in New Market after Speeding ticket

Car Insurance Price Trends in New Market, Iowa

Average Car Insurance Cost in New Market by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near New Market, IA

Car Insurance Rates by State in the USA (2025 Update)

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