Iowa HF129 raises minimum insurance coverage requirements for motor vehicles.

Iowa HF129 increases the minimum amounts required for motor vehicle financial responsibility. The bill raises the minimum coverage for bodily injury or death of one person to $50,000, for two or more persons to $100,000, and for property damage to $50,000. It also increases coverage for leasing and renting vehicles to $50,000 and for transportation network company drivers to $50,000. The bill makes corresponding changes to provisions regarding associated policies, bonds, and judgments. Violations result in fines and potential vehicle impoundment.

Iowa HF129 raises minimum insurance coverage requirements for motor vehicles.

Iowa HF129 increases the minimum amounts required for motor vehicle financial responsibility. The bill raises the minimum coverage for bodily injury or death of one person to $50,000, for two or more persons to $100,000, and for property damage to $50,000. It also increases coverage for leasing and renting vehicles to $50,000 and for transportation network company drivers to $50,000. The bill makes corresponding changes to provisions regarding associated policies, bonds, and judgments. Violations result in fines and potential vehicle impoundment.