bestauto insuranceCedar Rapids2022Compare the Cheapest Car Insurance Quotes in Cedar Rapids
The average cost of car insurance in Cedar Rapids is $725 annually, cheaper than Iowa’s annual average and the national average. GEICO offers the most affordable option at $508 per year. MoneyGeek analyzed the most affordable insurers in Cedar Rapids based on driving record and coverage limit. We also looked at the top options if you’re looking to prioritize service quality over price.
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Last Updated: 5/16/2022
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Mark Fitzpatrick
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The cheapest car insurance company in Cedar Rapids is GEICO, but the cheapest option may be different for you based on your profile.
GEICO also offers the best option for drivers with a speeding ticket. Allied has the lowest-cost state minimum policies, and USAA may be the best option for military members.
MoneyGeek also evaluated the best car insurance in Cedar Rapids that balances quality and cost and found that Auto-Owners Insurance Co tops the list.
bestauto insuranceCedar Rapids2022The Cheapest and Best Car Insurance in Cedar Rapids
The Cheapest Car Insurance Companies in Cedar Rapids
The most affordable options for drivers looking for a full coverage policy in Cedar Rapids are:
- GEICO: $478 per year
- Allied: $456 per year
If you have a military background or are part of a military family, you could be eligible for USAA, which is the third cheapest option for Cedar Rapids at $526 per year.
GEICO coverage is the most affordable and approximately 92% less expensive than similar coverage with MetLife, the city’s most expensive car insurance company. A full coverage policy is one that includes both comprehensive and collision insurance, though your prices may change depending on how much liability insurance you select.
Cheapest Car Insurance in Cedar Rapids
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$508
- 2.Allied$550
- 3.$571
- 4.$615
- 5.$659
MoneyGeek collected average rates for a 40-year-old male driver in Cedar Rapids with a full coverage policy, following our methodology.
Purchasing full coverage auto insurance provides you with more financial protection. It may cost more than the state minimum policy, but includes the following coverage types:
- Collision insurance protects you against vehicle damages resulting from a collision, either with another vehicle or a stationary object.
- Comprehensive insurance protects you against other damages that are not a result of a collision, such as theft, hail, natural disasters, etc.
If you have an older car, a full coverage policy may cost you more than your vehicle is worth. In that case, it’s better to opt for liability-only insurance or a minimum coverage policy as you’ll get cheaper rates.
Compare Car Insurance Rates in Cedar Rapids
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Cedar Rapids for Minimum Coverage
The cheapest car insurance in Cedar Rapids for drivers looking for a state minimum policy are:
- Allied: $230 per year
- GEICO: $233 per year
If you have a military background, the cheapest option for you may be USAA, with an annual rate of $202 for those who qualify.
MetLife has the most expensive policies in Cedar Rapids, at $389 per year.
A minimum coverage policy is often your most affordable option. However, since the coverage does not include comprehensive and collision insurance and has low levels of liability coverage, you may have higher out-of-pocket costs in case of damages.
Look at the table below to compare coverage levels and costs for higher liability levels.
Cheapest Minimum Liability Car Insurance in Cedar Rapids
State Minimum
- CompanyState Minimumper year
- 1.$202
- 2.Allied$230
- 3.$233
- 4.$263
- 5.$289
Iowa’s minimum car insurance is the cheapest option for Cedar Rapids, but it may not offer the best protection for you.
In Iowa, drivers are required to have insurance that covers bodily injuries and property damage coverages at 20/40/15. While a state minimum policy is the cheapest company option, it also offers the least protection. It can help you save on monthly bills short term, but it may cause you to pay a considerable amount of money if you’ve been in an accident.
For example, let’s say you’re involved in an incident and responsible for paying property damage that amounts to $20,000. Since a minimum policy in Cedar Rapids only has $15,000 worth of coverage, you’d have to pay the remaining $5,000 out of your pocket.
Iowa Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$20,000 per person, $40,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.
Cheapest Car Insurance in Cedar Rapids if You Have Driving Violations
Your driving record is a key factor affecting your car insurance premiums. Having violations like speeding tickets, at-fault accidents or DUIs on your driving record can cause your rates to increase.
The following companies offer the cheapest rates for particular violations in Cedar Rapids:
- Cheapest after a ticket: GEICO, $530 per year
- Cheapest after an at-fault accident: State Farm, $722 per year
- Cheapest after a DUI: State Farm, $669 per year
If you have a bad driving record, you can get more affordable rates by improving your record over time. In Iowa, speeding offenses can stay on your record for at least five years. More severe offenses stay on your record longer. Meanwhile, it pays to shop around for the cheapest available options in Cedar Rapids by comparing quotes.
Cheapest Car Insurance in Cedar Rapids With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$530
- 2.Allied$655
- 3.$669
- 4.$697
- 5.$723
Average Cost of Car Insurance in Cedar Rapids
Cedar Rapids$725
Iowa$778
U.S.$1,424
The average cost of car insurance in Cedar Rapids is $725 per year, cheaper than the state and national averages. Cedar Rapids drivers pay approximately 6.8% less on average than drivers in Iowa and 49.1% less than the national average.
Personalized Quotes to Get You the Cheapest Car Insurance in Cedar Rapids
Various factors affect your personalized auto insurance quotes. These include your age, gender, the make and model of your vehicle, your chosen coverage level and your postal code.
As insurers weigh factors differently, comparing quotes can help you find the best rate given your situation. Compare quotes from at least three insurers to find the cheapest option for you.
Compare Car Insurance Rates in Cedar Rapids
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Cedar Rapids
MoneyGeek ranked the best car insurance in Cedar Rapids offered by companies that balance cost and quality. They are:
- Auto-Owners Insurance Co: MoneyGeek score of 98 out of 100
- GEICO: MoneyGeek score of 93 out of 100
USAA ranked first per MoneyGeek’s methodology and is the best option for drivers who are veterans or current members of the military and their families. Because the insurer serves military personnel exclusively, we did not include USAA in our rating system.
The scores were calculated based on several factors, such as customer satisfaction, affordability and financial stability ratings. We used multiple resources in our study, including data analytics and consumer intelligence company J.D. Power.
1
USAA
Score:100
2
Auto-Owners Insurance Co
Score:97.5
3
GEICO
Score:92.5
4
Allstate
Score:85
5
Travelers
Score:85
6
Progressive
Score:85
7
Auto Club of Southern California Insurance Group
Score:82.5
8
State Farm
Score:80
9
American Family
Score:77.5
10
Safeco
Score:77.5
11
Liberty Mutual
Score:77.5
12
Farm Bureau Ins of MI
Score:75
13
Nationwide
Score:75
14
Farmers
Score:72.5
Average Cost of Car Insurance by Postal Code
Where you live is one of the factors that can significantly affect auto insurance quotes. Insurers use your ZIP code to determine several risk factors.
For example, if there are a high number of accidents in your area, this may cause your premium to increase. Frequent occurrences of automobile theft or vandalism have the same effect.
Our data shows that the 52402 ZIP code residents pay $714 per year on average, $21 less per year on average for a car insurance policy than the residents of the 52404 ZIP code.
- Zip CodeState Minimumper year
- 52402$714
- 52404$735
Factors That Impact Insurance Costs in Cedar Rapids
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Cedar Rapids. How Cedar Rapids ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Cedar Rapids are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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