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How much is car insurance in Cedar Rapids?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the rates you'll pay for coverage in Cedar Rapids are about the same as what you would pay anywhere else in Iowa.
However, car insurance rates in Cedar Rapids are more affordable than the national average. The average monthly payment in Cedar Rapids is about $23 cheaper than the rate for the rest of the United States.
These may be the average auto insurance rates for Cedar Rapids, but that doesn't mean it's exactly what you'll pay. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
But don't worry, we've broken down the average rates for Cedar Rapids residents based on several different factors so that you can get a more accurate idea of what you might pay. To find out if you're overpaying for your area, just enter your ZIP Code below and find out in minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The longer you've been on the road, the more experienced of a driver you are. That experience pays off when it comes to auto insurance. According to the table above, you can see that 18-24-year-olds pay two times as much as drivers 65 and older.
For every 10 years, you can expect to see a decrease in your monthly premium. Once you hit retirement age, however, your rates may climb back up in Cedar Rapids.
Average Car Insurance Rates by Gender
Although women typically pay less than men do for insurance coverage, this is not the case in Cedar Rapids, where female drivers pay around $61 per month while male drivers pay about $54.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. Drivers with clean records will pay significantly lower rates than those with accidents or violations. In Cedar Rapids, having a single accident on your record will usually get you rates around $73 a month. Likewise, drivers with one ticket will be looking at a rate of around $91 a month on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$25|
|15 Years or Older||$47|
According to the first table above, trucks and vans are by and large the cheapest vehicles to insure in Cedar Rapids, with drivers paying around $45 per month for insurance coverage.
SUV drivers will see rates of about $53 for auto insurance, while car owners typically pay around $61 per month.
In addition to vehicle type, you can also expect to see slightly different rates depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to drop back down once your car is close to 5 years old. In Cedar Rapids, vehicles six-to-seven years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$60|
Generally speaking, people who are married will pay slightly less to insure their vehicle. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.
The difference in rates based on relationship status in Cedar Rapids can be as much as $14 a month, so it's worth keeping that in mind.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$51|
One other element taken into consideration is your housing situation. If you rent your home or apartment in Cedar Rapids, expect to pay around $20 a month more than if you are a homeowner. Those who live with their parents, however, can expect to pay a lot more.
Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance premiums.
Car Insurance Companies in Cedar Rapids, IA
Recent trends in car insurance for Cedar Rapids drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when selecting an auto insurance policy.
Auto insurance rates in Cedar Rapids rose from 2016-2017, where they hit a high of $68, before steadying out in 2018. Insurance rates had been increasing again in 2019, and finished down at $51 in 2021.
How does Cedar Rapids compare to neighboring areas?
Why are car insurance rates in Cedar Rapids different from other areas?
When considering how much to charge for coverage, car insurance companies will review several factors. The price of your insurance policy will depend largely on where you live and drive and will be influenced by things such as:
- Access to off-street parking
- Regional crime rates
- Road Safety (frequency of car accidents)
- Total number of drivers in the area
- Regional regulations
Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.
How can I find the cheapest car insurance in Cedar Rapids?
Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Just punch in your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from a number of the car insurance companies that offer policies in Cedar Rapids.
Cedar Rapids Insurance FAQs
What factors affect car insurance quotes in Cedar Rapids?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your vehicle's year, make and model, plus your address, credit score, marital status, and driving record.
Why is the cost of car insurance in Cedar Rapids different from other neighboring cities?
Auto insurance companies consider regional factors, such as local laws, crime rates, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.
Which car insurance company will offer me the cheapest rate in Cedar Rapids?
There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.
Do I need to change my insurance if I move to Cedar Rapids?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Cedar Rapids or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.