Many people pay their auto insurance premiums monthly because it is usually more economical. The average monthly cost of auto insurance in Illinois is $ 37 for minimum insurance and $ 124 for full coverage, or $ 442 and $ 1,485 per year, respectively. These average rates can vary widely, depending on where you live in the state, your age, and your driving record.
How Much Does Auto Insurance Cost in Illinois?
Average auto insurance rates in Illinois are slightly lower than the annual national average of $ 565 for minimum coverage and $ 1,674 for full coverage. Yet again, these rates can vary widely from driver to driver.
Illinois Auto Insurance Rates by Company
A place to start when purchasing auto insurance in Illinois is to check out the insurance companies available. You may be surprised at how much the premiums can vary for the same type of coverage from each company.
Bankrate found that Mercury, Pekin, Geico, Secura, and Grange all offer lower-than-average minimum coverage premiums, which are typically less than $ 300 per year, well below the Illinois average of $ 442. As you can imagine, it might be worth switching carriers if you’re paying a lot more than these fares, are over 25, and have a good driving history.
|Auto insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
|AAA||$ 1,103||$ 3,772|
|Allstate||$ 416||$ 1,637|
|American family||$ 1,038||$ 2,598|
|Car owners||$ 368||$ 1,126|
|Insurance Cincinnati||$ 414||$ 1,403|
|Financial Country||$ 438||$ 1,648|
|Erie||$ 325||$ 1,024|
|Farmers||$ 460||$ 1,100|
|Geico||$ 267||$ 928|
|barn||$ 295||$ 1,068|
|Mutual of Hastings||$ 439||$ 1,152|
|J&P Holdings||$ 368||$ 1,468|
|Kemper||$ 664||$ 2,792|
|Mercury||$ 273||$ 990|
|MetLife||$ 551||$ 1,631|
|At national scale||$ 362||$ 1,098|
|Beijing||$ 230||$ 715|
|Progressive||$ 525||$ 1,299|
|Rockford Mutual||$ 314||$ 1,090|
|Automatic safe||$ 705||$ 1,452|
|Secura||$ 282||$ 905|
|State farm||$ 316||$ 935|
|Hanover||$ 1,326||$ 7,480|
|Travelers||$ 402||$ 916|
|United States||$ 400||$ 1,242|
Illinois Auto Insurance Rates by City
We’ve also broken down auto insurance rates in Illinois based on the most populous cities. It’s probably not surprising that Chicago’s rates are the highest in the state, likely due to population density and higher risks of accidents, vehicle damage, or theft.
|City||Average annual premium for full coverage||% increase in average annual premium|
|Arlington Heights||$ 1,426||-4%|
Illinois Auto Insurance Rates by Age
Teens and young drivers may have to take a side job just to pay for their auto insurance. Insurance companies typically charge young adults more for coverage, often up to double or triple what a driver in their 30s or 40s would pay. Statistically, young people are less experienced drivers and more inclined to take dangerous risks or get distracted while driving, which increases the risk of causing a costly accident.
* 16 years calculated on the disclosure of the parents’ policy
Illinois Auto Insurance Rates by Driving Record
Drunk driving or reckless driving behavior could have costly consequences. In addition to traffic fines and liability, auto insurance premiums can increase by 20-46% on average. To make matters worse, the premium increase will likely last for at least two to three years, costing you hundreds or thousands of dollars.
|Driving incident||Illinois Average Annual Full Coverage Premium||% increase in average annual premium|
How To Save On Auto Insurance In Illinois
Illinois residents, especially those who live in more expensive areas like Chicago, might want to invest the time and effort to save on auto insurance. Here are some ways to reduce your bill:
- Buy a vehicle suitable for insurance: Some cars, like Honda’s and Subarus, are cheaper to insure. If the cost of auto insurance is weighing on your budget, steer clear of more expensive vehicles like 4x4s, sports cars, and exotic cars.
- Increase your deductible: Compare how much you can save if you double your deductible. The approach works best for safe drivers who do not have a history of accidents. Otherwise, be careful when increasing your deductible, as you could have financial problems if you have to pay it after you file a claim.
- Choose accident forgiveness: Many carriers offer accident remission, removing one accident every few years from your history. Everyone is sometimes wrong. Knowing that your carrier won’t penalize you for a rare accident could give you peace of mind and save you money.
- Group car insurance: There is a good chance that you are renting or owning a house. If you purchase tenant or home insurance in addition to your vehicle coverage, you may get a discount on both.
Frequently Asked Questions
How Much Does Auto Insurance Cost in Illinois?
Illinois auto insurance rates are generally lower than the national average. Average auto insurance rates in Illinois are $ 442 per year for minimum and $ 1,485 for full coverage.
What is the cheapest auto insurance company in Illinois?
There are several inexpensive auto insurance companies in Illinois, and all of them have similar rates. For an average of less than $ 300 per year for minimal insurance coverage, try Pekin, Geico, Mercury, Secura, or Grange. Keep in mind that there may be carriers that have even cheaper fares. You should always shop around and look at all the carriers available in your area to find the lowest fares for your situation.
When do i need full auto insurance?
If you are leasing your car or paying off a car loan, your lender or dealer will likely require you to have full auto insurance. While Illinois doesn’t mandate comprehensive coverage, it’s still a good idea if you can afford it. Comprehensive auto insurance extends basic liability insurance by adding coverage for your vehicle and will protect you financially in the event of an accident than minimum coverage.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.