A bill for an act relating to the minimum amounts required for motor vehicle financial responsibility, and making penalties applicable.

HF 129 increases Iowa's minimum required auto insurance coverage for bodily injury or death to $50,000 per person and $100,000 for multiple people in an accident, and raises property damage coverage to $50,000. These changes apply to all Iowa drivers who must prove financial responsibility for vehicle accidents, including those leasing vehicles or driving for transportation network companies (like Uber or Lyft) when not actively transporting passengers. The bill updates insurance policy requirements, judgment limits, and proof of coverage standards to match these new amounts. It also increases penalties for driving without required insurance, with fines rising to $645 if caught in an accident.