If the state requires you to submit an SR-22 through your insurer, you'll be required to carry liability coverage with at least the following limits:
- $20,000 bodily injury coverage per person
- $40,000 bodily injury coverage per incident
- $15,000 property damage coverage per incident
These limits are often written as 20/40/15.
How fault works in Iowa
Iowa practices the tort, or fault-based, system. This means you can sue an at-fault driver for accident-related expenses (and vice versa).
If you're found at fault, your liability coverage can help pay for others' expenses. If another driver caused the accident, you can seek a settlement through that driver's insurer.