The Iowa Department of Transpiration notes that IA does not have a compulsory insurance law. Instead, the Financial and Safety Responsibility Act protects you from the financially unsound and reckless driver. It does this by:

• Suspending the operating and registration privileges of a driver or owner who has not been able to show immediate financial responsibility following an accident; and,
• By requiring anyone whose driver's license has been suspended or revoked because of a conviction, unsatisfied judgment or violation of the OWI law to prove financial responsibility for any future damages or injuries that driver may cause.

If you cause personal injury or damage exceeding $1,000 to the other party in an auto accident, you must next prove your financial responsibility. Otherwise, your license will be suspended.

Both owner and driver of the vehicles involved in an accident must prove their financial responsibility. This means if you owned the car involved in an accident but were not driving it at the time; you would still have to show financial responsibility by using one of the ways already discussed. Otherwise, you would lose all your registrations. The driver of your vehicle would also have to show financial responsibility or lose all licenses to operate motor vehicles.

To read more about the Iowa Motor Vehicle Financial Responsibility laws you can read through Chapter 321A of the IA Code. As you can see your can lose your driver's license and registration if you drive without insurance or another state authorized form of financial responsibility on your vehicle. Fines also likely apply if you are ticketed for being an uninsured motorist.

If you were ticketed for this offense you can contact the court listed on the citation for more information on the possible penalties you will face in court. To get auto insurance so that you are comply with the motor vehicle financial responsibility laws of Iowa, click here for free auto insurance quotes.