Average Car Insurance Costs in Cedar Rapids, IA?
- State Minimum Liability: You can expect to pay $41 a month or $498 a year.
- Full Coverage: You can expect to pay $198 a month or $2,371 a year.
InsuranceQuotes cost rates are pulled from our real-time car insurance cost database from recent quotes in Cedar Rapids – Rates shown are based on a used car driver who is single, middle aged & has a clean driving record. Read on to learn about the cheapest local rates filtered by insurance providers, new cars, vehicle types and age.
Cheapest Car Insurance Providers in Cedar Rapids?
- In Cedar Rapids the cheapest auto insurance providers on average are from State Farm, Wadena Insurance and Progressive. State minimum liability starts at $34 a month or $410 a year. Full coverage car insurance starts at $137 a month or $1,646 a year according to our cost database.
Here is a breakdown of average costs from the cheapest local insurance providers in Cedar Rapids from our data set of used-car drivers who are single, middle aged and have a clean driving record.
| Insurance Provider: | State Minimum: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| State Farm: | $410 | $34 | $1,646 | $137 |
| Wadena Insurance: | $418 | $35 | $1,876 | $156 |
| Progressive: | $496 | $41 | $2,448 | $204 |
| Farm Bureau: | $581 | $48 | $2,596 | $216 |
| Grinnell Mutual: | $607 | $51 | $3,345 | $279 |
Iowa State Minimum Auto Insurance Requirements
Though you may want higher coverage for your vehicle, here are the minimum car insurance requirements in Iowa:
- $20,000 bodily injury liability per person
- $40,000 bodily injury liability per accident
- $15,000 property damage liability per accident
These minimum coverage limits are commonly expressed as 20/40/15. Keep in mind that these are the minimum requirements, and individuals may choose to purchase higher coverage limits for better protection.
Average Cedar Rapids Car Insurance Rates by Age
In Iowa insurance providers often have different age tiers which affect the overall cost of your auto coverage:
- Teenagers (16-19): Typically, teenagers have the highest car insurance rates due to their limited driving experience and a higher likelihood of being involved in accidents.
- Young Adults (20-25): Rates may decrease slightly for this age group compared to teenagers, but they still tend to pay higher premiums than older age groups.
- Adults (26-60): Generally, car insurance rates tend to be lower for individuals in this age range, especially for those with a clean driving record.
- Seniors (60 and older): Rates may start to increase again for seniors due to factors such as changes in vision and reaction times. However, many seniors qualify for discounts.
Here is a breakdown of the average costs based on age for Cedar Rapids drivers according to our recent cost data:
| Age: | State Minimum: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| 17 | $1,510 | $126 | $5,825 | $485 |
| 18 | $1,325 | $110 | $5,289 | $441 |
| 20 | $1,054 | $88 | $4,537 | $378 |
| 22 | $839 | $70 | $3,729 | $311 |
| 24 | $729 | $61 | $3,352 | $279 |
| 29 | $547 | $46 | $2,654 | $221 |
| 34 | $518 | $43 | $2,494 | $208 |
| 39 | $510 | $43 | $2,434 | $203 |
| 44 | $496 | $41 | $2,340 | $195 |
| 49 | $495 | $41 | $2,285 | $190 |
| 54 | $446 | $37 | $2,087 | $174 |
| 64 | $438 | $37 | $1,993 | $166 |
| 74 | $545 | $45 | $2,210 | $184 |
| 76 | $614 | $51 | $2,377 | $198 |
Saving Money on Your Iowa Auto Insurance Policy
Iowa drivers can save money on their auto insurance policy by implementing these helpful money saving tips to get the cheapest coverage rates from their insurance provider:
- Compare Multiple Insurance Quotes for Free:
- Obtaining multiple quotes from insurance providers is simple with InsuranceQuotes tools to help compare rates. Different insurers may offer varying premiums for similar coverage so it’s best to shop around before making a decision.
- Bundle Policies:
- Bundle your auto insurance with other policies, such as home or renters insurance, with the same provider. Many insurers offer discounts for bundling.
- Maintain a Good Driving Record:
- Safe driving habits can lead to lower premiums. Avoid accidents and traffic violations to maintain a clean driving record, which is often rewarded with lower insurance costs.
- Increase Deductibles:
- Consider raising your deductibles for comprehensive and collision coverage. Higher deductibles can lower your premium, but ensure you can afford the increased out-of-pocket costs if you need to make a claim.
- Ask About Discounts:
- Inquire about available discounts, such as good student discounts, safe driver discounts, or discounts for safety features on your vehicle. Insurance providers may offer various discounts that can significantly reduce your premium.
- Maintain Good Credit:
- Insurers in some states, including Iowa, use credit scores to determine premiums. Maintaining a good credit score may help lower your car insurance costs.
- Choose a Safer Vehicle:
- Vehicles with safety features may qualify for lower premiums. Check with your insurance provider to see if your car’s safety features make you eligible for discounts.
- Driving Less:
- If possible, reduce your annual mileage. Some insurance companies offer discounts for low-mileage drivers.
- Take Advantage of Loyalty Discounts:
- Inquire if your insurance provider offers discounts for long-term customers. Loyalty rewards may be available for staying with the same company.
- Complete a Defensive Driving Course:
- Some insurers offer discounts for completing defensive driving courses. Check with your provider to see if this option is available.
- Review and Adjust Coverage:
- Periodically review your coverage needs. If your circumstances change or if you have an older vehicle, you may be able to adjust your coverage to save on premiums.
- By adopting these strategies, you can maximize your chances of securing more affordable car insurance rates in Iowa. Keep in mind that each individual’s situation is unique, so it’s essential to tailor your insurance choices to your specific needs and circumstances.
