Cedar Rapids ,IA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Cedar Rapids, IA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Cedar Rapids, IA is $1770. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Cedar Rapids, IA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Cedar Rapids, IA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $708 |
| $200,000 | $1,204 |
| $300,000 | $1,487 |
| $400,000 | $2,266 |
| $500,000 | $2,850 |
Home insurance costs in Cedar Rapids can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 052401 | $1,652 |
| 52411 | $1,891 |
| 52403 | $1,687 |
| 52402 | $1,688 |
| 52405 | $1,677 |
| 52404 | $1,668 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Cedar Rapids, IA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,815 |
| $1000 Deductible | $1,623 |
| $1500 Deductible | $1,531 |
| $2500 Deductible | $1,381 |
| $5000 Deductible | $1,168 |
| Home Insurance Company Near Cedar Rapids, IA | Homeowners Insurance Agency Near Cedar Rapids, IA | Address |
|---|---|---|
| Liberty Mutual Independent | First Iowa Insurance Agency | 4101 Glass Road Ne Cedar Rapids, Cedar Rapids, IA, 52402 |
| NA | Sheets-Forrest-Draper Insurance | 610 10Th Street, Marion, IA, 52302 |
| NA | Kvale Insurance | 1425 West 5Th Street, Suite 3, Waterloo, IA, 50702 |
| NA | Moorman Fin Srvs Inc Dba Moorman Ins. | 1212 West Marion Street, Manchester, IA, 52057 |
| NA | Nxt Insurance Agency Llc | 325 Oakbrook Drive, Marion, IA, 52302 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Hiawatha city, Iowa | $101 | $134 | $201 |
| College township, Linn County, Iowa | $107 | $142 | $213 |
| Fairfax township, Linn County, Iowa | $106 | $141 | $212 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Cedar Rapids, IA | 4.6% | 13.1% |
| Hiawatha | 4.3% | 12.19% |
| College | 3.87% | 11.81% |
| Fairfax | 3.71% | 12.89% |
| Cedar Rapids Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 226 | 1.0% | $333 |
| $200 to $299 | 576 | 3.0% | $783 |
| $300 to $499 | 2,821 | 18.0% | $1233 |
| $500 to $749 | 5,590 | 36.0% | $1908 |
| $750 to $999 | 3,859 | 25.0% | $2658 |
| $1,000 to $1,499 | 1,775 | 11.0% | $3783 |
| $1,500 or more | 506 | 3.0% | $5433 |
| Streets in Cedar Rapids Area | Homeowners Insurance Cost |
|---|---|
| 34th Street Dr SE, Hardshell Rd, 18th St SE, Robins Square Dr, A St SW, Co Rd NE, Edgewood Ln NW, Cherry Valley Rd SW, Beech Way SW, Bowman Ct NE | $700 |
| Caribou Ct NE, Green St, Sprucewood Dr NE, Wendy Lee Ln NW, Hunters Creek Way, Skillman Rd, Beecher Ct NW, Cress Pkwy, 9th Ave, Woodcrest St NE | $689 |
| 11th Ave, Hagerman Rd, 23rd St SE, Salem Cir, 26th Ave Dr SW, Fruitland Blvd SW, Hawks Haven Rd, A Ave NE, Hinkley Ave NW, 21st St SE | $663 |
| Maureen Ct SE, Rawson Ln, Blue Heron Ct NE, Doubletree Rd NE, Diagonal Dr SW, Innes Way, Lewellen Dr NW, Minnie Ln, 8th St SE, Parkwood Rd | $716 |
| 27th Street Ct SW, N Alburnett Rd, 15th St SW, 23rd St NW, N 10th Ave, Topaz Ave NW, Staub Ct NE, 41st St, Affirmed Ln, I Ave NW | $670 |
| Cavalier St NE, Tiperary Dr NE, Grant Wood Forest Ln, G Ave NE, Bealer Ct SE, 6th Ave SW, 32nd St SE, Pro Farmer Rd, 32nd St NE, G Ave NW | $653 |
| Pine Crest Dr, Czech Ln NE, Ravenwood Ter NW, Featherstone Dr, Robert Ct, Ellis Blvd NW, Vogt St, Dodge Rd NE, Camburn Ct SE, Granite Ct NE | $711 |
| Hemlock Pl NE, 32nd St NE, Secretariat Dr, D Ave NW, Boxwood Ln NE, Rosedale Rd, Knoll Rd, Foxborough Ter NE, Deer Lane Rd, Limerock Dr NW | $716 |
| Mission Ave, Timberland Dr NW, Harbet Ct NW, 8th St NE, Concord Dr, Yates Rd, Idlebrook Ln NE, Towerstone Ct, Burch Ave NW, Tama St SE | $715 |
| 41st Street Pl, 27th St, Tower Terrace Rd, Neta Dr, C Ave, Cory Ct SW, 20th St NE, Winchester Dr, Tonga Dr, Falbrook Dr NE | $691 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Cedar Rapids | $100 to $102 |
| Hiawatha | $100 |
| College | $107 |
| Fairfax | $106 |
| Coverage ($) | Premium ($) | Company |
|---|---|---|
| 753 | 100000 | Allied Property and Casualty Insurance Company |
| 458 | 70000 | Nationwide Affinity Insurance Company of America |
| 1418 | 250000 | Westfield National Insurance |
| 284 | 25000 | American Family Mutual Insurance company |
| 647 | 70000 | Casualty Insurance Company (CIC) |
| 444 | 100000 | Country Mutual Insurance Company |
| 1072 | 150000 | Nationwide Affinity Insurance Company of America |
| 567 | 70000 | Nationwide Affinity Insurance Company of America |
| 138 | 25000 | Travelers Home and Marine Insurance Company |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $2,700 |
| Yearly Cedar Rapids Homeowner Insurance Premium Example | $700 | $500 |
| Out of Pocket Expense During Claim | $1,700 | $2,700 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $7,300 | $6,700 |
| Net Savings to Cedar Rapids Home Owner from High Deductible Plan | $600 | |
| Scenario | Cedar Rapids, IA Home Replacement Value MORE than Home Value | Cedar Rapids, IA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $187,000 | $133,000 |
| Insurance Premium based on Replacement Value | $1,425 | $1,000 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $21,500 | Risk Exposure from Under Insuring Coverage is $32,500 |
| Premium Impact | Insurance cheaper by $250/year | Insurance costlier by $175/year |
| Insurance Company | Farmers Insurance | State Farm | Amica Mutual Insurance Company |
| Monthly Premium | 54 | 75 | 84 |
| Year Built | 1983 | 1963 | 2005 |
| Home Details | 3 Beds, 2 Baths | 5 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $100000-$125000 | $200000-$250000 | $175000-$200000 |
| Deductible | $500- $1000 Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible |