Cheapest and Best Car Insurance in Cedar Rapids, IA (June 2024)

In Cedar Rapids, West Bend Mutual has the lowest rates for full and minimum coverage policies. Allstate is the cheapest for families with teens. For stellar customer service, West Bend Mutual again tops the list, securing the best overall title for balancing price with service. The best policy for you depends on your unique preferences and needs.

MoneyGeek found that the following companies offer the cheapest car insurance in Cedar Rapids:

• West Bend Mutual: $195 per year
• Progressive: $209 per year

The most expensive minimum coverage policy in Cedar Rapids is offered by Grinnell Mutual, with an annual premium of $576. This stark contrast to West Bend Mutual's rate – a difference of $381 – underscores the significance of comparing insurance quotes to find the best deal.

In Iowa, from Cedar Rapids to Sioux City, minimum car insurance coverage is defined by state law. Here's what motorists are required to have:

• $20,000 bodily injury per person
  
• $40,000 bodily injury per accident
  
• $15,000 property damage liability per accident
  

For instance, with minimum coverage, if you're liable for an accident and the other person's medical expenses are $25,000, your insurance would cover $20,000. Anything beyond that, say the remaining $5,000, would be paid out of your own pocket.

MoneyGeek found that West Bend Mutual is the top choice in Cedar Rapids for the cheapest full coverage car insurance. The following companies offer the best rates:

• West Bend Mutual: $552 per year
• Grange Insurance: $690 per year

Grinnell Mutual has the most expensive full coverage policy in Cedar Rapids at $1,561 annually. This staggering difference of $1,009 between the cheapest and the priciest underscores the necessity of comparing rates, as full coverage policies cost more due to their extensive protection that goes beyond the minimum liability insurance.

A full coverage policy includes $100,000 for bodily injury liability per individual, $300,000 for bodily injury per accident and $100,000 for property damage liability per mishap. In the industry, we refer to this as a 100/300/100 plan.

Full coverage policies are comprehensive, including not only boosted liability limits but also collision and comprehensive insurance protections:

• Collision Insurance: This provides coverage for your vehicle in the event of a collision, whether with another vehicle or or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage insures your vehicle against various types of damage not caused by collisions, including theft, vandalism, fires, natural disasters and being struck by an animal like a deer.

If you've invested in a brand-new vehicle, opting for full coverage insurance is a wise decision to protect that investment. On the other hand, for those driving older models, the additional cost for this expansive coverage may not deliver the value you seek.

When deciding how much car insurance coverage you need, weigh the pros and cons: higher premiums come with more protection, but choosing less coverage could leave you vulnerable.

MoneyGeek found the cheapest car insurance options for drivers with a poor driving record in Cedar Rapids:

• Speeding Ticket: West Bend Mutual ($716 per year)
• At-Fault Accident: American Family ($728 per year)
• DUI: Progressive ($777 per year)

Grinnell Mutual has the most expensive rates for all three offenses. The annual premiums show a significant variance reflecting the gravity of the offenses, with the cheapest company after a speeding ticket being $716, compared to $777 after a DUI, underscoring how severity impacts insurance rates.

Insurance rates in cities like Cedar Rapids often increase proportional to the severity of a driving infraction because insurers view more serious offenses as indications of greater risk. In Cedar Rapids, for example, drivers with a DUI can expect to pay an average annual rate of $2,026 compared to $1,517 for those with a speeding ticket. This substantial rate difference underscores the necessity for drivers with offenses to meticulously compare insurance quotes, as doing so could lead to significant savings.

MoneyGeek found that State Farm offers the cheapest full coverage car insurance for male and female teens in Cedar Rapids. For parents looking for the cheapest car insurance for teens, here are the top options:

• State Farm: $1,557 per year for female teens and $1,987 per year for male teens
• Allstate: $1,762 per year for both female and male teens

These rates reflect a policy covering two parents with a teen driver, emphasizing the importance of finding affordable options. Notably, Auto-Owners has the most expensive teen family policy in the city, with female teen rates at $2,091 annually. This significant $534 difference underscores why parents must shop around, especially when adding higher-risk teen drivers to their policies.

In Cedar Rapids, like in many cities across the nation, teenagers seeking car insurance face steep premiums when opting for an individual policy, averaging around $4,435 annually. In contrast, joining a family plan can more than halve this expense, with an average cost of $2,065 per year. This significant discrepancy in rates is largely due to the higher risk insurers attribute to inexperienced teen drivers, which is statistically supported by a higher likelihood of accidents.

MoneyGeek found that the following companies offer the cheapest car insurance for those with military backgrounds in Cedar Rapids:

• West Bend Mutual: $552 per year
• Grange Insurance: $690 per year

Although USAA is not the least expensive insurer, with an annual premium of $710, it is known for its exceptional service geared toward active-duty military members.

Comparing car insurance rates in Cedar Rapids is an effective strategy for savings, yet the task demands considerable time investment — with estimates of 15 minutes per insurer, totaling over an hour for a thorough comparison of three or more companies. Fortunately, MoneyGeek's car insurance calculator streamlines the process. Users can input key details such as age, driving history, credit score and desired coverage level to rapidly receive rate estimates.

Finding the best auto insurance for you hinges on what you prioritize, be it service, cost, coverage or other factors. Using a distinct scoring system for each category, MoneyGeek's research reveals Cedar Rapids's top car insurance providers for different needs:

• Best overall: West Bend Mutual (MoneyGeek score 90 out of 100)
• Best for service: West Bend Mutual (MoneyGeek score 84 out of 100)
• Best cheap: West Bend Mutual (MoneyGeek score 90 out of 100)

West Bend Mutual stands out as the top-performing insurer in Cedar Rapids, offering superior value, exceptional service and impressive affordability.

MoneyGeek found the best options in Cedar Rapids for those seeking superior car insurance coverage. The top providers are as follows:

• West Bend Mutual: MoneyGeek score of 90 out of 100 ($552 per year)
• Auto-Owners: MoneyGeek score of 78 out of 100 ($697 per year)

West Bend Mutual distinguishes itself mainly through high satisfaction and affordability, which are the primary contributors to its outstanding MoneyGeek score.

MoneyGeek found that the following companies are the best options in Cedar Rapids for consumers seeking top-notch customer service, regardless of cost:

• West Bend Mutual: MoneyGeek score of 84 out of 100 ($552 per year)
• Grinnell Mutual: MoneyGeek score of 82 out of 100 ($1,561 per year)

West Bend Mutual distinguishes itself predominantly through its excellent satisfaction and claims handling scores. These factors are key contributions to its stellar MoneyGeek score.

MoneyGeek found the best options in Cedar Rapids for those seeking cheap car insurance without compromising on quality. Here are the top two providers:

• West Bend Mutual: MoneyGeek score of 90 out of 100 ($195 per year)
• Auto-Owners: MoneyGeek score of 82 out of 100 ($238 per year)

West Bend Mutual distinguishes itself with a MoneyGeek score weighted toward affordability, offering the lowest annual premium for minimum coverage policies while still maintaining high marks in claims handling and customer satisfaction, the largest contributors to its MoneyGeek score.

In Cedar Rapids, the average cost of car insurance is $890. This figure sits below the state average cost of car insurance in Iowa, which is $918. However, when comparing to the national average, Iowa's average car insurance cost is considerably less, coming in at $1,720, indicating that Iowans pay $802 less than the national average.

Car insurance rates are influenced by a myriad of factors, of which location is a significant one. Premiums can vary based on state and city due to differences in traffic patterns, accident rates and theft incidents. Within Iowa, Cedar Rapids offers the most affordable option with an average premium of $890. Conversely, Davenport's average sits at $917.