NEW YORK — According to research from Value Penguin, Newton has the seventh lowest motorcycle insurance rate in the state of Iowa. Value Penguin is a data-based research company out of New York that examines credit card and insurance rates data, research and reviews.
Newton ranked seventh in the study with a rate of $291 average annual rate, -9.9 percent difference versus the state average.
The study analyzed motorcycle insurance quotes for a sample policy and rider across 31 municipalities and census-designated places in the state of Iowa. The quotes we gathered were from four major carriers: Progressive, Nationwide, GEICO and Dairyland. The motorcycle used was a Harley Davidson Street Glide (1690cc) with no anti-theft device installed.