More than half of Illinois’ 12.7 million total residents are licensed to drive. However, even with car insurance being legally required in the state, nearly 12% of the 8,546,932 licensed drivers in the state are uninsured.
Car insurance is more than a legal requirement. It protects you and your vehicle from financial damage. Car insurance in Illinois is priced at $442 per year for minimum coverage and $1,485 per year for full coverage, considerably under the national average cost of car insurance. Many drivers are still looking for lower premiums.
To help Illinois’ driving population — both those with and without car insurance — Bankrate researched multiple companies writing policies in the state and compared each company’s average 2021 premiums to narrow down the cheapest car insurance companies in Illinois.
Illinois has the cheapest car insurance
Illinois drivers have several options when it comes to affordable car insurance, making it considerably less car insurance rates in other states. Below is a table that lists the lowest car insurance rates in Illinois, from the top car insurance companies across the country.
Geico is a good choice for drivers looking for affordable car insurance in Illinois. Geico’s average policy with full coverage costs $928 per year, while the average policy with minimum coverage costs only $267. In addition to low rates, Geico offers many discounts for even more savings. A driver can receive a lower premium if they have vehicle safety features and are a good student.
State Farm offers affordable insurance coverage for drivers in Illinois. The average policy with minimum coverage costs $316 per year, while the average policy with full coverage costs $935 per year. Drivers can save money by taking advantage of discounts for being accident-free, being a good student, taking a defensive driving course and taking advantage of one of State Farm’s safe driver programs, Drive Safe & Save or Steer Clear. Travel expense coverage is another option that policyholders have to feel secure about. It pays for temporary accommodation and transportation costs if they are in an accident over 50 miles away from their home.
Progressive is a great choice when you want to save on your insurance, especially when you bundle home and auto insurance. The company’s Snapshot program rewards safe driving and offers additional savings. However, there are other ways to save. Progressive offers discounts for multiple vehicles, continuous insurance, college students, and teen drivers. To control the cost of your insurance, you can use the Name Your Pricing Tool.
Allstate offers several types of car insurance coverage like sound system insurance, roadside coverage, personal injury protection (PIP) insurance and rental car reimbursement. The company also offers rideshare insurance for Uber and Lyft drivers. Allstate also offers classic car insurance. Allstate’s Drivewise program will help you save money and reward safe driving habits.
Country Financial’s Keeper(r), protection will replace any new car you own with the exact make and version to avoid depreciation in the event that your car is damaged or destroyed by an accident. You also get emergency roadside assistance, vehicle rentals and trip interruption coverage. Safety glass coverage is also available. Country Financial offers a variety of savings programs, including multi-car and bundle discounts. There are also savings for new drivers if you take the Simply Drive course.
Minimum coverage for Illinois drivers
Drivers in Illinois are required to carry minimum coverage car insurance, which includes bodily injury and property damage liability coverage, as well as liability coverage for uninsured motorists.
Minimum coverage insurance in Illinois is abbreviated as 25/50/20, which includes:
- $25,000 bodily injury liability coverage per individual
- $50,000 bodily injury liability coverage per accident
- Property damage liability coverage up to $20,000
You could pay the lowest rate if you purchase minimum coverage insurance. Drivers are encouraged to buy coverage that goes beyond the minimum requirements. Car accidents can be costly. If your policy doesn’t cover all costs, you will have to pay the remainder out-of-pocket.
How to Get Cheap Illinois Car Insurance
It is crucial to find the best auto insurance rates in Illinois. There are many other options that can be used to get low rates for drivers. Here are some of the most common ways to save when purchasing insurance from Illinois’s best car insurance providers:
- Compare: Do your research and find several companies offering the coverage you need.
- Compare rates: Get quotes from several insurance providers and compare them to see which company can offer the lowest-priced policy.
- Get discounts: Find insurance companies that offer discounts that you are eligible for. Your premium could be reduced if you take advantage of more discounts.
- You can save money if you pay your premium in full.
- Raise your credit score: In Illinois, car insurance companies will use your credit score to price your insurance. Improving your credit score can help you get a lower rate.
- Increase your deductible: If you can afford a higher out-of-pocket cost, you may consider raising your deductible. Although the savings won’t be substantial, it will reduce your premium.
Questions frequently asked
Which Illinois insurance policy is best?
The best car insurance company in Illinois is different for every driver. It may be helpful to consider which provider has the best customer service and offers the most comprehensive coverage.
What is the average cost for car insurance in the United States?
The average cost of car insurance in the U.S. is $1,674 for a full coverage policy annually. The average annual cost of full coverage insurance in Illinois for full coverage is $1,485 annually. This is significantly lower than the national average. Your driving record, age and ZIP code can all impact the rate you pay.
How do I get a car insurance quote?
It is easy to get a quote for car insurance. You can either use the online quote tool, or contact an agent to request a quote. Personal information such as your name, address and birthday will be required. Information about your vehicle will be required, including the VIN, mileage and make, model, year.