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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.
On the other hand, the expected monthly payments for an auto insurance policy in Cedar Rapids are below the national average. Car insurance rates for the United States as a whole are, on average, $23 more expensive than the rates you'd pay in Cedar Rapids.
Bear in mind that while these rates are the average costs for Cedar Rapids residents, it doesn't mean that's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
Don't sweat it however, we've broken down the average rate 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!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The older you are, the more experience you're likely to have behind the wheel, right? That experience can lead to some serious savings when it comes to auto insurance premiums. In this case, 18-24-year-olds pay two times the price that someone who is at retirement age.
As you get older, you can expect to see a drop in your monthly premium every 10 years. You may see your rates climb back up a bit once you hit retirement age in Cedar Rapids.
Average Car Insurance Rates by Gender
Although women typically pay less than men do for auto insurance, this is not the case in Cedar Rapids, where female drivers pay around $60 per month while male drivers pay about $56.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. In Cedar Rapids, drivers with one accident on their record will experience rates around $73 a month. Likewise, drivers with one ticket will be looking at a rate of around $77 a month on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$25|
|15 Years or Older||$52|
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 $47 per month for auto insurance.
SUV drivers will see rates of about $56, while the rates for car owners average out to about $61 per month.
In addition to vehicle type, you can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old, however, you may see your bill start to shrink a bit. 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)||$59|
On average, those who have settled down into marriage will pay slightly less to insure their car. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.
The difference in rates based on relationship status in Cedar Rapids is about $11 a month, with married couples paying less for coverage than single drivers.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$53|
One other element taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $12 a month more than if you own your own home in Cedar Rapids. But if you live with your parents, you can expect to pay a lot more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your car insurance costs, depending on your insurance company.
Car Insurance Companies in Cedar Rapids, IA
Recent trends in car insurance for Cedar Rapids drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.
In Cedar Rapids, car insurance rates had been decreasing from 2017-2018, when they hit a low of $45. This shifted in 2019, when they began to rise again. They finished down in 2022, at $56 a month
How does Cedar Rapids compare to neighboring areas?
Why are car insurance rates in Cedar Rapids different from other areas?
There are several factors car insurance companies take into consideration when choosing how much to charge for coverage. While we mentioned the factors that affect your personal policy, others are based around where you call home. These include things like:
- Local regulations
- Amount of drivers in the area
- Regional crime rates
- Rate of car accidents
- Access to off-street parking
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Knowing 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 particular neighborhood.
How can I find the cheapest car insurance in Cedar Rapids?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But wait! Compare.com has you covered. Put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies offering coverage in Cedar Rapids in no time.
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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 driving record, credit score, marital status, and address.
Why is the cost of car insurance in Cedar Rapids different from other neighboring cities?
Auto insurance companies consider regional factors, such as crime rates, local laws, 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?
Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Cedar Rapids?
Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Cedar Rapids or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.
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