How Much is Illinois Car Insurance?

The vehicle model on the policy is one of the main factors in finding Illinois car insurance. Vehicles with more horsepower, poor safety features, or a track record of large liability claims will cost significantly more to insure than more economical and safe models. The lists below features coverage prices for some of the most economical vehicles to insure.

Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Information does not factor in your specific Illinois location which can raise or lower premium rates significantly.

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium costs do not factor in your specific Illinois location which can modify coverage rates significantly.

Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in your specific Illinois location which can modify premium rates noticeably.

For drivers in Illinois, one of the big criteria that are looked at to determine the price you pay for insurance is where you live in Illinois. Larger areas like Cicero, Berwyn, and Des Plaines are more likely to pay higher prices, whereas areas that tend to be more rural have the benefit of Illinois car insurance.

The following table lists the priciest cities in Illinois to buy car insurance in.

Rate quotes are approximated as specific Illinois zip code can modify premium rates significantly.

The chart below illustrates how choosing a deductible can increase or decrease insurance costs when researching cheap insurance in Illinois. Data assumes a married female driver, full coverage, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqinsChart);function drawDfdqinsChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1655,1519,1361,1213],[‘Age 30’, 1163,1065,949,839],[‘Age 40’, 1147,1051,941,835],[‘Age 50’, 1009,925,831,739],[‘Age 60’, 963,883,791,701],[‘Age 70’, 1031,945,851,763]]);var options = {title: ‘Impact of Deductible Levels on Auto Insurance Cost in Illinois’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qinsdfd’));chart.draw(data, options);}

The data above shows that a 30-year-old driver could cut expenses by $206 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $312 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old, could roll back prices as much as $442 each year just by choosing larger deductibles. If you do raise deductibles, it will be necessary to have enough savings to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Cost difference between full coverage and liability

Saving money when shopping for car insurance is important to most people, and one of the quickest ways to buy cheap insurance in Illinois is to not buy full coverage. The information below shows the comparison of annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims, a clean driving record, $100 deductibles, drivers are single, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqinsChart);function drawFclqinsChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2569,797],[‘Age 30’, 1337,441],[‘Age 40’, 1325,409],[‘Age 50’, 1207,385],[‘Age 60’, 1165,379],[‘Age 70’, 1411,503]]);var options = {title: ‘Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Illinois’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qinsfcl’));chart.draw(data, options);}

As an overall average, full coverage on your policy costs $1,502 per year more than buying just liability insurance. That is a significant amount which raises the question if paying for full coverage is a waste of money. There is no definitive guideline of when to phase out physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

There are some situations where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Here’s why you should shop around

Illinois car insurance rates are influenced by many factors which can substantially change the price you pay. Turning one year older, buying a new vehicle, or getting a couple of tickets may prompt premium changes that can cause some rates to be cheaper in comparison to the competition.

Also, insurance companies file new Illinois car insurance rates without warning to adjust for unexpected claims or profits. An unexpected high level of claims may cause increased rates, while lower claim expenses can result in cheaper Illinois car insurance rates.

As an example, the bar chart below shows the companies that have the cheapest car insurance in Illinois for a 30-year-old male driver with no prior accidents, a clean driving record, and a good credit history. If we estimate rates based on his personal risk profile, The Hartford might quote the best car insurance rates in Illinois at $746 each year. This is $603 less than the average policy premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance are also on the list of the cheapest Illinois auto insurance companies.

google.charts.setOnLoadCallback(drawILWitcqinsChart);function drawILWitcqinsChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘The Hartford’, 746, ‘#09836F’],[‘Rockford Mutual’, 847, ‘#076D5C’],[‘Titan’, 878, ‘#055A4C’],[‘Erie’, 905, ‘#044B3F’],[‘Cincinnati Insurance’, 924, ‘#033E34’]]);var options = {title: ‘Cheapest Car Insurance in Illinois’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1024,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qinswitc’));chart.draw(view, options);}

Now we will pretend the driver from the first example some claims, a little lower credit rating, and a traffic citation. Since each auto insurer has their own unique process to determining premium rates, getting updated rate quotes will most likely result in a slightly different list of cheap Illinois auto insurance companies as shown below.

google.charts.setOnLoadCallback(drawILWcqinsChart);function drawILWcqinsChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘USAA’, 1054.9, ‘#F57E00’],[‘Travelers’, 1079.1, ‘#CC6900’],[‘SECURA’, 1105.5, ‘#AA5700’],[‘State Farm’, 1113.2, ‘#8D4800’],[‘Auto-Owners’, 1124.2, ‘#753C00’]]);var options = {title: ‘Cheapest Car Insurance with Driving Violations in Illinois’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1224.2,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qinswc’));chart.draw(view, options);}

USAA now has the cheapest price in Illinois with Travelers, SECURA, State Farm, and Auto-Owners also being competitive. This example proves why it is so important to compare lots of rates when trying to get the cheapest car insurance quotes in Illinois.

Insurance rates consist of many factors and can increase or decrease at any time, so the most economical company the last time you shopped around may now be quite expensive.

How to get Illinois car insurance

Lowering your rates is not difficult, and here are some of the better money-saving ideas that can help you find cheaper car insurance.

• Higher credit scores may earn you cheaper rates
• Safe vehicles cost less to insure
• Raise deductibles to save money
• Avoid getting tickets or violations
• Prevent price hikes by avoiding at-fault accidents
• Compare rates regularly and switch companies to save money

The last idea is especially critical, as we discussed in this article. Prices in Illinois adjust frequently, so drivers shouldn’t hesitate to buy a different policy if you can find a cheaper rate.

Loyalty to a specific company is fine, but it’s not a great idea if that loyalty results in overpaying a considerable chunk of change every month. It takes less than five minutes to compare prices to find cheaper insurance in Illinois.