HF 2352: Relating to the minimum amounts required for motor vehicle financial responsibility, and making penalties applicable

What it does

This bill increases the minimum amounts of coverage required under Code chapter 321A for motor vehicle financial responsibility for bodily injury or death of one person ($20,000 to $50,000), bodily injury or death of two or more persons ($40,000 to $100,000), and property damage ($15,000 to $50,000). The bill makes corresponding changes to provisions regarding associated policies, bonds, and judgments. The bill also increases the minimum amount of coverage required for property damage for evidence of financial responsibility under Code chapter 321F (leasing and renting of vehicles) ($10,000 to $50,000) and for drivers while not engaged in a prearranged ride under Code chapter 321N (transportation network companies) ($25,000 to $50,000).

Lobbying · 3 for, 5 against

For: Independent Insurance Agents of Iowa; Iowa Association for Justice; Iowa State Bar Association

Against: American Property Casualty Insurance Association (APCIA); Enterprise Holdings d/b/a Enterprise Mobility; Iowa Insurance Associates; National Association of Mutual Insurance Companies (NAMIC); State Farm Insurance

In plain words

1. February 9, 2026Filed in the House