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Key Takeaways

  • The average car insurance rate of Cedar Rapids is lower than the state and national averages.
  • Iowa Farm Bureau and Nationwide offer the cheapest car insurance rates in the city.

Introduction

Cedar Rapids, commonly called the City of Five Seasons, is the neighbor of Iowa's capital city. Being the second largest city, its demographics impact the car insurance cost of the city. How much will it cost to insure your car in Cedar Rapids? Is it cheap to insure your car in the city? Which are the cheap car insurance companies in Cedar Rapids?

Way.com will drive you through the essentials to keep in mind while purchasing car insurance in Cedar Rapids, Iowa.

How much does auto insurance cost in Cedar Rapids, Iowa?

The average car insurance rate in Cedar Rapids is $1057, which is $543 less than the state-wise average. It is also lower than the national average of $1557.

Cedar Rapids Average Iowa Average National Average
$1057 $1600 $1557

Auto Insurance Requirements in Cedar Rapids, Iowa

You need proof of insurance to drive around in the city. It is also required while renewing a vehicle's registration or if it is involved in an accident. But every car owner is required to have a certain amount of liability insurance along with collision and comprehensive coverage are advised to avoid out-of-pocket expenses.

In Cedar Rapids, every driver must meet the state-mandated minimum insurance requirement of $20,000 per person and $40,000 per accident as bodily injury or death liability coverage. In addition, the state requires $15,000 if a single accident-causing bodily injury or death to one person, two or more deaths, or damage to other people's property.

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Cedar Rapids Auto Insurance Premiums by Company

Since most insurance companies offer their quotes online, obtaining quotes from different insurance companies in the city is an effective way of understanding different trends and discounts available from the providers.

Making an informed choice is easier with Way.com, helping you navigate this task to finalize the best coverage possible. For example, in Cedar Rapids, Nationwide offers the cheapest car insurance rates.

Insurance Company Average Yearly Rate
State Farm $934
Nationwide $849
Iowa Farm Bureau $897
IMT $1020

Cedar Rapids Auto Insurance Premiums by Age Group

Age is a crucial non-driving factor that can categorize you as a high-risk driver. The influence of age on car insurance rates is such that it tends to decrease with age. The city of Cedar Rapids is no different regarding the influence of age on insurance rates. Teenage drivers pay the highest rates for car insurance which comes to a yearly average of $3115.

Age Bracket Average Yearly Rate
Teenagers $3115
20s $1428
30s $1031
40s $969
50s $873
60s $881
70s $1080

Cedar Rapids Auto Insurance Premiums by Marital Status

Both married and single drivers in Cedar Rapids pay around the same amount for their annual average car insurance premiums. However, when considering the driver's marital status, the city's most expensive charges go to those who have been divorced.

Marital Status Average Yearly Rate
Married $980
Single $980
Divorced $1057
Widowed $1019

Cedar Rapids Auto Insurance Premiums by Gender

Gender also plays an important role in the car insurance rates in Cedar Rapids. Here, female drivers pay $4 more than male drivers for car insurance in the city.

Gender Average Yearly Rate
Female $1061
Male $1057

Cedar Rapids Auto Insurance Premiums by Driving Record

Making sure you have a clean driving record is one of the easiest things you can do to reduce the price of your auto insurance. With a spotless driving record devoid of accidents, fines, and citations, one can keep their auto insurance premiums at a level comparable to the average premium for the city of Cedar Rapids. However, a premium increase of at least $600 may come from traffic tickets received for speeding, driving under the influence of alcohol, or driving recklessly.

Driving Violation/Incident Average Yearly Rate

At-fault Accidents

Damages <$1000 Damages >$2000
$1360 $1451
DUI/DWI $1655
Reckless Driving $1660
Speeding Tickets $1217

Cedar Rapids Auto Insurance Premiums by Credit Rating

Another key non-driving aspect that directly impacts your profile is your credit score or FICO score. Those with good to excellent credit scores tend to file fewer auto insurance claims and are consequently eligible for lower premium rates.

Credit Tier Average Rate
Exceptional $883
Very Good $969
Good $1057
Fair $1284
Very Poor $1949

Cedar Rapids Auto Insurance Premiums by Zip Code

Another key factor influencing the city's car insurance premium rates is the ZIP code. The theft statistics and accident rates of the place you come from are highly variable, which makes it expensive or cheap to insure your car. In Cedar Rapids, we observe that ZIP code 52401 has the cheapest insurance rates in the city.

ZIP Code Average Yearly Rate
52401 $960
52402 $1104
52403 $1104
52404 $1020
52405 $1128
52411 $1140

What would increase your car insurance rates in Cedar Rapids, Iowa?

Thefts of automobiles and the number of uninsured drivers also affect insurance premiums. So even though it's possible that this won't immediately affect the cost of your auto insurance, it could make the neighborhood where you reside appear riskier to insurers, leading to higher premiums.

Cedar Rapids Stats

It is mandatory to consider the city's theft statistics and accident rates. Here we look at the auto theft rates and accident statistics in Cedar Rapids.

Auto Theft Statistics

The auto theft rate in Cedar Rapids is slightly higher than the national average. The 2019 data by City-Data showed the number of data to be 365, which was calculated as 272 per 100,000. However, a recent government report has indicated vehicle thefts have shown a 22 percent decline in 2021 compared to 2020. In 2021, 444 vehicles were stolen against 571 in 2020.

Cedar Rapids Auto Theft Rate per 100,000 National Auto Theft Rate per 100,000
272.4 220

Accident Statistics

According to 2019 data, nine fatal accidents occurred in the year 2019.

   
Fatal Accident Count 9
Vehicles involved in fatal accidents 13
Fatal accident involving drunk persons 6
Fatalities 10
Persons involved in fatal accidents 13

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How to save on auto insurance in Cedar Rapids, Iowa

Reducing the insurance rates is possible by shopping around for insurance quotes. Although this can give you a head start on getting the affordable option, there are several hacks you can follow to reduce the insurance premium rates.

  • Compare and Purchase

Most insurance providers now provide their quotes online. Choosing the one that suits your needs is best possible through this research.

  • Increase your Deductible

Higher deductibles reduce vehicle insurance premiums. This will, however, reduce your accident claim. First, compare deductible alternatives to discover if a reduced deductible delivers savings, then choose one that meets your budget and comfort level.

  • Improve your Credit Score

Having a good to excellent credit score can reduce the premium rates.

  • Look for discounts

Purchasing insurance can be rewarding in Cedar Rapids if you look for discounts. Insurance companies will offer multi-policy, telematics, good driver, and bundling discounts. This can make a huge difference in the premium rates.

Tips for Driving in Cedar Rapids

Be Weather Ready

With long and humid summers, snow, and wind, the city of five seasons has it all, and one must be prepared to drive in the city.

Average Annual Rainfall Average Annual Snowfall Rainy Days Sunny Days
36 in. 28 in 172 days 193 days

Unavailability of PIP

The state doesn't require Personal Injury Protection (PIP). However, even if PIP is unavailable, you are eligible for medical payments if you are involved in an accident.

Best Car Insurance Companies in Cedar Rapids, Iowa

The insurers in the city claim to provide specialist coverage at competitive prices. Insurance agents based in Cedar Rapids can assist you in understanding the insurance laws, coverages, and savings in the state. The insurance providers in Cedar Rapids, Iowa, are listed below.

Insurers
State Farm Dairyland
Kemper Allied
Safeco IMT
State Auto Nationwide
Auto-Owners Progressive
Travelers Iowa Farm Bureau

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

Frequently Asked Questions

How much is car insurance in Cedar Rapids?

It costs $1057 for full coverage in Cedar Rapids. This is lower than the state and national average car insurance rates.

Is car insurance cheaper in Cedar Rapids?

Yes, car insurance rates are cheaper in Cedar Rapids. The average car insurance rates are lower than what is observed in the state of Iowa.

Learn more by city and state for car insurance



Learn more by city and state for car insurance




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