Cedar Rapids Homeowners Insurance

Your Complete Guide to Cedar Rapids, IA, Homeowners Insurance

And how to protect your largest asset.


Cedar Rapids, Iowa, is known for having five seasons. This city has a community that values time for recreation and family.

If you own a home in this 132,228 resident town, then you'll need homeowner's insurance. An independent insurance agent can be found on TrustedChoice.com to get started.

Do Property Crimes Impact Your Cedar Rapids, IA, Home Insurance?

Local crime rates in Cedar Rapids will impact your insurance premiums. The carriers take into account how many crime-related claims are reported in an area and charge accordingly. Let's look at the numbers:

  • Number of burglaries per 100,000 households in the US: 376
  • Number of burglaries per 100,000 households in IA: 352.6
  • Number of burglaries per 100,000 households in Cedar Rapids: 704.4

Cedar Rapids is higher on burglary than the state and national averages. If you're a victim of a home break-in, your homeowners insurance will respond in the following ways:

  • Replace or repair any damaged or stolen property
  • Pay for medical expenses
  • Pay for hotel or rental home if the house needs to be repaired or is unlivable for a while

Connect with your Cedar Rapids agent to see how the crime rates will impact your home premium.

How Catastrophic Events Impact Your Cedar Rapids Home Policy

How your homeowners insurance policy responds to natural disasters is a big deal. Your Cedar Rapids home should be covered for all the major exposures in the area. Let's look at the facts for Iowa:

  • The average number of tornadoes per year: 49.2
  • The most common natural disaster: Flooding and water damage
  • The number of claims paid in 2016: 291,074,000
  • The number of federally declared catastrophes since 1953: 71

You'll want to make sure your home policy has adequate coverage for all the catastrophic claims. Severe weather, fire, and theft are some of the main perils that your policy should withstand.

The five most common property risks in Cedar Rapids, IA:

#1 - Floods

#2 - Storms

#3 - Tornadoes

#4 - Heavy rains

#5 - Winter storms

Flood insurance for Cedar Rapids:

The number one risk in Cedar Rapids is flooding. Unfortunately, your homeowners policy excludes flood damage. A separate flood insurance policy is needed to have coverage. Take a look at four easy steps to getting a flood quote:

1.) Connect with a Cedar Rapids independent agent.

2.) Have your agent pull an elevation certificate to determine your property's flood zone.

3) Have your agent run FEMA approved flood quotes.

4.) Purchase the best option for flood insurance from your agent.

Contact your Cedar Rapids independent agent so you can find the best coverage in town.

Liability Insurance and Your Cedar Rapids, IA, Home

Your personal liability insurance will provide coverage for an array of claims. Most home policies will have liability insurance as the backbone of the policy. Your homeowners liability insurance will cover the following:

  • Injury to another person
  • Slander or bullying caused by you or a household member
  • A dog bite claim
  • Damage to another party's property

Your lender will require liability and dwelling coverage to protect their interest. Connect with your agent to go over liability limits that make sense for your home.


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The Cost to Insure Your Cedar Rapids Home

Home premiums are individualized and unique to you and your home. When you are shopping for rates, it's best to know that no one cost is the same. Here are some home insurance rating factors used by the carriers:

  • Crime rates
  • Your claims history
  • Coverage selected
  • Year, construction type, and square footage of your home
  • The replacement cost of your home
  • Your credit score
  • Discounts that may apply

The state and national averages can give you a general idea of how premiums might look for you. The numbers below will help you see where your rates stand:

  • National average: $2,305
  • Iowa average: $2,540

The good news is that Iowa is the 20th most expensive place to have homeowners insurance, which means you're in a decent spot when it comes to cost. Discuss rates with your Cedar Rapids agent to see what your pricing will be on home insurance. 

How to Insure a Cedar Rapids Rental Home

Whether you own a short-term or long-term rental, homeowners coverage looks a bit different. Your primary policy will usually be less expensive than your rental property. The risks involved with owning a home that you don't occupy are greater than those that you live in.

Different homeowners insurance policy types:

  • Landlord insurance: If you have a short-term or long-term rental, your landlord policy will protect your interests as the property owner.
  • Seasonal home insurance: This is considered your secondary home and one that you occupy on weekends or sporadically. Since the property will remain vacant for a good portion of the year, the carrier charges accordingly.

An independent agent can go over the different coverages that will apply to your rental property. 

An Independent Insurance Agent in Cedar Rapids, IA

An independent insurance agent has access to multiple carriers, finding you the best rates and coverage. They can save you the hassle of shopping for insurance on your own and can do the work for you.

A local independent agent knows the area and exposures your home might face. Connect with a knowledgeable agent on TrustedChoice.com and start saving. 

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TrustedChoice.com Article | Reviewed by Candace Jenkins

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