My husband and I traveled around the periphery of Iceland in about 9 days this summer. We traveled the Ring Road, or Route 1, for most part with a few detours en route. Ring Road is the main road in the country that, as its name suggests, goes around the country. Most of the well-traveled tourist attractions are either on the road or close to it. The road is paved for most part and there are some graveled parts too but since we traveled in summer, it wasn't a major concern. We rented a small car (AVEO) (vs. a 4*4) as we were on a modest budget but did take gravel protection insurance while renting to be on the safer side. We had such a good time, that we think Icelanders should write songs about the road a la Route 66, if they haven't already!