Best Auto Insurance Companies in Illinois

Finding the best car insurance in Illinois can be a fairly easy task if you become familiar with the state and the options available to you.

The first question to ask yourself is how much is car insurance in Illinois?

Many major insurance firms offer personal automobile policies in the Land of Lincoln, so you have quite a few companies to compare when it comes to prices and services.

Getting the best insurance in Illinois also relies on many variables, not all of which are under your control, such as your age and gender.

However, there are that can help you get the right policy for your needs and budget.

Average Cost of Car Insurance in Illinois

driving in IllinoisKnowing about average cost of car insurance in Illinois can help you narrow down the most competitive premiums.

According to the National Association of Insurance Commissioners, the average premium paid by Illinois drivers in 2015 was $804 per year, slightly below the national average of $889 for the same period.

Illinois is ranked 26th out of 50 states in auto insurance costs, right in the middle of the pack.

Average premiums increased by only $29 from the previously recorded year.

It helps to know how your state compares to surrounding states when trying to find the best car insurance in Illinois.

When compared those in Illinois, drivers in the following states pay somewhat lower rates:

Average Cost of Car Insurance in Illinois $804
Average Cost of Car Insurance in Wisconsin $665
Average Cost of Car Insurance in Iowa $599
Average Cost of Car Insurance in Missouri $745

As you search for the best auto insurance in Illinois, keep in mind the external variables.

The cost of your premiums doesn’t depend just on your driving record.

Traffic conditions, crime rates, population density, and disposable income in Illinois all factor into the cost of your policy.

Traffic Conditions

Traffic conditions and density vary widely in Illinois.

The Illinois Department of Transportation uses “Getting Around Illinois” to track traffic by the road number and by volume.

The National Association of Insurance Commissioners explains that traffic density refers to the number of vehicle miles traveled per mile of roadway, as well as the number of vehicle miles traveled per registered vehicle.

According to the 2016 NAIC report, the traffic density in Illinois is 724,542 vehicle miles per highway mile, which is very close to the U.S. average of 725,387 for the same measure.

Fatal car accidents in Illinois, at 0.91 deaths per 100 million miles, were below the national average of 1.13 deaths per 100 million miles.

The Illinois Department of Transportation reports there were 840 motor vehicle fatalities in 2018, including car drivers and passengers and non-occupants such as pedestrians and cyclists.

More than 100 drivers involved in the fatal accidents were not properly licensed.

In light of these statistics, the state undertook a large-scale project called “Let’s Make Zero Fatalities a Reality” to meet the emerging needs of its residents.

Vehicle Theft Rates

According to the Hot Wheels Report issued by the Insurance Information Institute, Illinois ranked as number seven in the top ten states with the highest automobile theft rates in 2016.

Almost 20,000 vehicles were stolen that year in Illinois.

According to NBC, Chicago, the Dodge Caravan (with 1,150 thefts) and the Chevrolet Impala (678 stolen) were the two most frequently stolen vehicles in Illinois in 2016.

These stats may impact the cost of your insurance premium as you look for the best car insurance in Illinois.

Vehicle thefts were responsible for insurance losses of nearly $5.9 billion in 2016, with average dollar loss per theft coming in at $7,680.

You may wish to review the Hot Wheels list before choosing your new vehicle.

Population Density

Population density may not directly affect personal auto insurance premiums, but a greater number of cars per area does impact the crime and accident rates.

Illinois is densely-settled with 232 people per square mile, as compared with the U.S. average of 89.

Compare Illinois with surrounding states such as Missouri (87) and Iowa (55), and you can see why getting the best car insurance in Illinois may be a bit more expensive than other states in the region.

Keep in mind, though, that the larger population and ensuing traffic in and around Chicago are much higher than they are in a place like history-rich Galena.

When looking for the best auto insurance in Illinois, you may be eligible for a lower rate if you live outside city limits.

Disposable Income

A higher disposable income indirectly affects auto insurance rates due to consumers’ ability to purchase more expensive cars, including luxury vehicles and sports cars.

According to the NAIC, car insurance policies may increase due to replacement expenses or loss due to theft.

Per the U.S. Census Bureau, the median household income in Illinois for the years 2012-2016 was $59,196, with a per capita income for the same period of $31,502.

More than 12 percent of Illinois’ citizens lived below the poverty line for the same period.

Illinois residents enjoy a slightly higher median household income than the nationwide average of $55,322 (2012-2016).

The national average per capita income for 2012-2016 was $29,829, and the national poverty rate was comparable to that of Illinois.

When researching insurance companies to find the best car insurance in Illinois, remember that average income rates vary from city to city.

For instance, residents of Downers Grove had a median household income of $85,171 in 2016, compared with the Chicago area’s rate of $66,020 for the same period.

Companies with the Best Car Insurance in Illinois

The Insurance Information Institute recommends that consumers get a minimum of three price quotes when shopping around.

Additionally, take some time to make sure the companies you are dealing with are financially stable by checking their rating assessments with independent agencies such as Standard & Poor’s or Moody’s Investor Services.

Also, make sure the insurers are registered and licensed to do business in the state of Illinois.

Although the cost of your insurance policy is a major factor in choosing the best company, consider the ease of doing business with each firm as well.

Read online and print reviews and find out if there are consumer complaints filed against the company.

When shopping for the best car insurance in Illinois, check out the many well-known insurance carriers in the state, including:

Progressive Car Insurance:

Progressive has been serving drivers since 1937 and has expanded over the years to offer competitor rate comparisons, Immediate Response Vehicles®, and the Name Your Price® option.

The company’s Immediate Response Vehicle (IRV) carries trained claims professionals to your location.

USAA:

USAA auto coverage is available to active duty and retired military personnel and their families, covering 11.9 million members to date.

Discounts for safe drivers and loyal customers are just two price breaks that are offered by USAA.

American Family Insurance:

Originally known as Farmers Mutual Insurance, this insurer provides roadside service and 24/7 claims as well as safe driving and “bundled” discounts.

Allstate:

The Good Hands People® at Allstate provide quick, personalized, same-day auto insurance quotes.

Innovative tools, such as DriveWise®, along with other discounts, can reduce your premium payments.

MetLife:

New customers at MetLife save an average of $586 annually, along with other benefits such as New Car Replacement and automatic payment plans.

The company also offers group discounts to members of certain organizations.

Travelers:

Travelers offers a multitude of discounts, including breaks for good drivers and good students.

Policies for hybrid and electric automobiles are discounted, and further reductions may be realized through a multi-policy (bundled) discount.

Liberty Mutual:

Getting an online quote with Liberty Mutual may save you 12 percent instantly.

Liberty Mutual provides rental car coverage and earned benefits such as Accident Forgiveness®.

What is Mandatory for Car Insurance in Illinois?

The state of Illinois requires all vehicle owners to have the following minimum amounts of auto liability insurance:

  • $20,000 property damage per accident
  • $25,000 per person, per accident (bodily injury)
  • $50,000 per accident (bodily injury)

Remember that in certain circumstances, like when driving a more expensive vehicle, .

Illinois law requires that you carry proof of car insurance in your vehicle in case of an accident or a request by law enforcement officials.

You cannot renew your car registration in Illinois without proof of insurance.

How to Reduce the Cost of Your Car Insurance in Illinois

Although car insurance is necessary to protect yourself, your passengers, and your property in case of a collision or theft, the premiums you pay don’t have to be a huge expense.

Once you hone in on the best car insurance in Illinois, you may be able to reduce your monthly or annual payments by choosing lower-cost options and changing a few habits.

You may lower your premium costs by following some of these recommendations:

  • Research and seek out any discounts for which you may be eligible.
  • Keep your credit report spotless, or begin to improve your credit rating.
  • Choose a car with the latest safety standards and those with historically-low theft ratings.
  • Reduce collision or comprehensive coverage on older, less-valuable cars.
  • Look for “bundled” insurance policies that tie in with homeowner’s or life insurance plans.

Before speaking with any agents, make sure you have all the information you need to help insurers give you fast and accurate quotes.

Car insurance companies offer many discounts and having the appropriate data can help you secure those breaks.

  • Vehicles: Have the make, model, year, VIN, typical usage, built-in safety features, and anti-theft devices for each car you’re insuring.
  • Drivers: Have the age, driving history, and school grades (for high school and college students) on hand. Your teenagers may qualify for the safe driver discount.
  • Household: Finally, be prepared to provide your address and information about where you park your car(s). Have a solid estimate of the assets you need to protect in case of a collision as well as an idea of how much of your budget you can spend on your auto policy.

What Can Increase the Cost of Your Car Insurance in Illinois?

While you cannot control all the factors that go into getting the best car insurance in Illinois, being an educated consumer helps you take steps to minimize the associated costs.

Driver Age:

Due to their relative lack of experience on the road, teenage drivers typically pay more for car insurance.

The National Safety Council states the leading cause of car accidents for teens is their inexperience and offers helpful tips to parents for increasing the safety of young drivers.

A defensive driving course may qualify teen or elderly drivers for a policy discount.

Driving Record:

Excessive speeding, speeding in a construction zone with workers present, and driving under the influence of alcohol or drugs also increases the price you pay for a personal automobile insurance policy in Illinois.

Drivers in Illinois may also be ticketed for the increasing problem of distracted driving, with fines that accrue with the number of offenses.

Vehicle Type:

Due to its slightly higher rate of disposable income, some drivers in Illinois may choose higher-priced luxury or sports vehicles that require more insurance.

Also, if the car you drive is more likely to cause extensive damage in an accident, you could pay higher liability premiums.

Look for cars with high safety standards as tested by the National Highway Transportation Safety Board and the Insurance Institute for Highway Safety.

Armed with the above information, you’re now equipped to answer the question, “How much is car insurance in Illinois?”

As you begin the process of collecting quotes, remember to provide all the information about your cars and drivers to get the most affordable prices.

*While we make every effort to keep our site updated, please be aware that “timely” information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.