Average homeowners insurance cost in Cedar Rapids, Iowa

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Our data shows that the average cost of homeowners insurance in Cedar Rapids is $2,396 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $186 less than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Cedar Rapids depend on several factors, including:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in Cedar Rapids, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Cedar Rapids.

Key Takeaways

The cost of your homeowners insurance policy in Cedar Rapids can vary based on factors such as your location, the value of your home, and the coverage options you select.
West Bend Mutual is the cheapest homeowners insurance company in Cedar Rapids with an average annual premium of $1,327 .
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $549 more annually for home insurance.

Average homeowners insurance cost per month

Residents of Cedar Rapids pay an average of $200 per month for homeowners insurance. This is $20 less than the state average of $220 and $15 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Cedar Rapids can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Cedar Rapids, IA, homeowners pay an average of $1,847 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

As per rate analysis by Insure.com, homeowners residing in Cedar Rapids typically pay an average of $2,396 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $549 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Cedar Rapids by company

Among the carriers we analyzed, West Bend Mutual is the cheapest homeowners insurance company in Cedar Rapids. Its average annual rate for Cedar Rapids homeowners is $1,327 , while Auto-Owners ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Cedar Rapids and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
West Bend Mutual	$1,327
Auto-Owners	$1,574
State Farm	$2,165
Nationwide	$2,206
IMT Insurance	$2,283
Allstate	$2,624
Farmers	$2,690
Iowa Farm bureau	$3,169
American Family	$2,293
USAA*	$2,558

*USAA is only available to military community members and their families.

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Iowa that can impact your home insurance

Living in Iowa comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Iowa is commonly affected by Cold wave, Strong wind and Winter weather.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Check for coverage gaps before it’s too late

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Cedar Rapids for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.