Average homeowners insurance cost in Cedar Rapids, IA

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

In Cedar Rapids, homeowners pay an average annual rate of $2,396 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $186 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Cedar Rapids depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Cedar Rapids, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Cedar Rapids.

Key takeaways

The average cost of homeowners insurance in Cedar Rapids is $2,396 per year.
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 just have to pay $549 more a year for home insurance.

Average homeowners insurance cost in Cedar Rapids per month

Cedar Rapids homeowners pay an average of $200 a month, based on our rate analysis. It’s $20 less than the state average of $220 and $15 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Cedar Rapids may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Cedar Rapids

The average cost of homeowners insurance in Cedar Rapids, IA is $1,847 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Cedar Rapids

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 sufficient 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

After evaluating several carriers, West Bend Mutual is the least expensive homeowners insurance provider in Cedar Rapids. It’s average annual rate for homeowners in Cedar Rapids is $1,327.

Auto-Owners holds the second position, while State Farm secures the third spot with an average annual home insurance rate of $2,165.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Cedar Rapids and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Cedar Rapids and their average annual premiums.

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

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.