The cost of auto insurance in Chicago is generally not as high as in cities like New York or Los Angeles, but it’s still a good idea to compare carriers to find the best price. After analyzing the best car insurance companies, we at the Home Media review team show you how to get the cheapest car insurance in Chicago and save money.
Cheapest auto insurance Chicago
Our data shows the cheapest auto insurance companies in Chicago, including Country Financial, Progressive, Auto-Owners Insurance, and State Farm. Please note that the average costs below are based on several factors and your rates may vary.
Cheapest Liability Auto Insurance in Chicago
If your main concern is getting the cheapest insurance possible, opt for the minimum liability coverage required by Illinois. By our averages, Country Financial is the least expensive provider with minimum coverage, with average rates of $34 per month or $408 per year. Progressive, Auto-Owners Insurance, State Farm, and Erie are also affordable, averaging about $40 per month.
Illinois requires basic levels of personal injury liability ($25,000 per person and $50,000 per accident) and property damage liability ($20,000 per accident), which pay other people when you cause an accident. The state also requires uninsured driver Personal Injury coverage ($25,000 per person and $50,000 per accident), which takes care of your medical bills if someone without insurance causes an accident or you experience a hit-and-run.
Below are 10 popular auto insurance companies ranked by their average cost for minimum coverage in Chicago.
Cheapest full coverage auto insurance in Chicago
Auto insurance in Chicago
The cost of car insurance can vary depending on factors such as your age, gender, and driving history. In this section, we take a look at the average full coverage car insurance rates for different drivers.
Cheapest car insurance Chicago: age and marital status
Average auto insurance rates are higher for teens and young drivers in Chicago than for older adults. This is because younger drivers are more likely to get into car accidents and receive fines. In addition, individual drivers tend to have higher car insurance premiums than married drivers.
Our data shows that Geico is the most affordable provider for single 24-year-olds with clean driving records. Geico offers average rates of $1,051 per year for this age group.
Cheapest Auto Insurance Chicago: Gender
Your gender may have a small influence on what you pay for car insurance. Usually men pay slightly more than women, but this varies by company. Below you can see how the average rates can range up to about $250 per year for full coverage insurance.
Cheapest Auto Insurance Chicago: High Risk Drivers
If you have a speeding ticket, an at-fault accident or a DUI on your record, you are a riskier driver for auto insurance companies.
Auto Insurance Prices in Chicago: Speeding
According to our estimates, Erie Insurance offers the best rates in Chicago if you have a speeding ticket. Erie speeding drivers pay around $149 per month or $1,784 per year average for full coverage.
Auto Insurance Prices in Chicago: Wrong Accident
In general, an accident at fault will increase your auto insurance premium more than a speeding ticket. In this case, American Family Insurance is the company with the cheapest rates $163 per month or $1,952 per year average.
Auto Insurance Prices in Chicago: DUI
Being convicted of a DUI greatly increases your risk level in the eyes of insurance companies. That said, some providers still offer cheap rates. The best cheap car insurance in Chicago for drivers with a DUI includes Progressive, State Farm, and American Family Insurance, according to our estimates.
Average cost of auto insurance in Chicago
On average, drivers in Chicago pay approx $1,730 per year for full coverage policies, according to our records. Coincidentally, this is the same as the national average for an all-coverage insurance policy. For a large city, Chicago tends to have auto insurance rates that are actually on the affordable end of the spectrum.
Auto Insurance Prices in Chicago: What Affects Them?
Car insurance rates are personalized for each driver. The cheapest car insurance for one person may be expensive for another, and vice versa. Many factors affect the cost of auto insurance, from your credit history and zip code to the type of vehicle you drive.
Factors that affect what you pay for auto insurance in Chicago include:
- Driving record
- Marital status
- Postal Code
How To Get Cheap Car Insurance In Chicago
While you can’t change many of the factors that affect car insurance rates, you can find affordable coverage by keeping a few things in mind.
- Look around often and compare providers.
- Choose companies that offer auto insurance discounts that apply to you.
- Keep a clean driving record by avoiding driving violations.
- Try a usage-based program to get discounts for safe driving.
- Maintain or build a good credit rating.
- Don’t buy too much coverage if you don’t need it.
Cheap car insurance in Chicago: conclusion
Now that you have an idea of the car insurance companies that usually offer cheap rates for different types of drivers in The Windy City, compare car insurance from a handful to find the best option for you.
Cheapest car insurance in Chicago: FAQs
Listed below are frequently asked questions about auto insurance in Chicago: