In Illinois, every driver must have minimum coverage. The city’s average annual car insurance cost is $1,448 for full coverage and $498 for minimum coverage. We compared the top providers to find the best Elgin car insurance based on factors such as average rates, policy options and discounts.
The best car insurance companies Elgin
Elgin is served by a variety of car insurance companies. Erie, Country Financial, MetLife, and State Farm are the top-rated insurers based on our comparison. These four companies not only have low rates but also offer great coverage options and generous discounts. They also receive high J.D. satisfaction ratings. Power.
Erie
J.D. rated Erie as the best insurance company in terms of overall customer satisfaction. In J.D. Power’s latest auto insurance survey, Erie was rated the top-rated company for overall customer satisfaction. Erie is known for its low rates, excellent customer service, and a variety of policy perks. Erie’s car insurance policies include a rate lock guarantee and first accident forgiveness. They also offer a decreasing deductible, new car and improved car protection, pet injury coverage, and other valuable features.
State Farm
State Farm is the biggest car insurance company in the United States. Based on our sample rates, State Farm offers the cheapest car insurance in Elgin. State Farm offers discounts to drivers and two safe driver reward programs. Drivers can make even greater savings by enrolling in these programs. Drivers can also add rideshare insurance, rental car reimbursement and roadside assistance for extra protection.
COUNTRY Financial
COUNTRY Financial, a regional insurer provider, is highly rated and rated by J.D. Power for overall customer satisfaction. Low rates and unique discounts are available at the company, which includes savings for teachers, first response personnel, engaged couples, and students. Elgin drivers have the option to customize their policy with endorsements such as trip interruption coverage, personal items coverage and new vehicle replacement coverage.
MetLife
MetLife, now Farmers Insurance Group, is a reliable car insurance company. MetLife offers low rates and some of the most comprehensive add-on coverages. These include roadside assistance, identity theft, new car replacement, special parts protection, enhanced car rental car coverage, and enhanced car rental vehicle coverage. MetLife offers discounts for safe drivers, automatic payments, bundling an auto and home insurance policy, and being part of an affinity group.
Cheapest Elgin car insurance
The average annual cost of car insurance in Elgin is $1,448 for full coverage and $498 for minimum coverage, which is more expensive than the average rate in Illinois. The average Illinois driver spends $1,485 on full coverage insurance, and $442 on minimum coverage insurance. This is slightly lower than the $1,674 national average rate for full coverage.
Car insurance companies in Illinois charge different rates for coverage. Below is a table that shows the lowest car insurance rates in Elgin for the largest carriers based on market share.
When comparing cheap car insurance companies in Illinois, it is important to look beyond price.
Geico and State Farm offer very limited coverage options. These companies all offer discounts, but there are different savings options. J.D. rated Erie and State Farm as the best for customer satisfaction overall. Third-party ratings of Power. Geico and Nationwide were both below average and Mercury was not.
Elgin insurance requirements
Drivers in Elgin must meet Illinois’ minimum car insurance laws, which are abbreviated as 25/50/20. Personal liability insurance and uninsured motorist insurance are required. The following coverage limits apply:
- $25,000 bodily injury liability per individual
- $50,000 bodily injury liability per accident
- $20,000 per accident in property damage liability
- $25,000 per person in uninsured motorist bodily Injury
- $50,000 for uninsured motorist bodily injuries per accident
Insurance companies do not recommend minimum coverage insurance as it can be expensive. A minimum coverage policy does not guarantee that it will cover all costs of an at-fault collision. If you are responsible for the accident and you exceed the policy’s limits, you will have to pay the difference. Illinois law also requires that you have underinsured motorist bodily injuries coverage on your auto policy if you purchase higher coverage limits.
You should also remember that all drivers who lease or finance their vehicle must have collision and comprehensive coverage until the loan is paid off. These coverages can be canceled once the loan has been paid off.
Elgin car insurance discounts
Many Illinois car insurance companies offer discounts that can help drivers cut down on their premiums. While the exact discount offered by each insurer will vary, these are the most popular ones you’ll find in Elgin.
- Multi-vehicle Discount: You may be eligible for a discount if you insure more vehicles than one on your auto insurance policy.
- Multi-policy Discount: Drivers who have their vehicle and home insured with the same insurer can often get a discount.
- Discounts for drivers who have not made a claim in the past few years: Many drivers can get a discount on their policies.
- You can get a lower rate if you pay your auto premium in full upfront, and not in monthly installments.
When comparing car insurance companies, be sure to compare discounts to ensure you get a rate that is affordable. Pay attention to the percentage savings offered by each company. Multi-policy discounts, for example, can offer savings up to 20% while paying your premium full price usually offers a smaller discount.
Questions frequently asked
Which is the best auto insurance company?
The best car insurance company is different for every driver. It all depends on your personal preferences, such as what you value in insurance companies, how much you are willing to spend, and what coverage you require.
What is the cost of car insurance Elgin?
Elgin drivers pay an average of $1,448 annually for full coverage insurance, and $498 for minimum coverage insurance. You might pay less or more than the average city rate depending on your driving record, credit score and claim history.