Finding Affordable Car Insurance Quotes Chicago: Your Ultimate Guide
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- Our data indicates that the lowest-priced minimum coverage policies start at just $42 per month for Chicago's safe drivers.
- For those seeking comprehensive coverage, Chicago's most budget-friendly option kicks off at a reasonable $136 per month for responsible motorists.
- Among the standout providers, GEICO and Travelers shine as the leaders, offering the most economical minimum and full coverage, respectively.
The Best Affordable Car Insurance in Chicago
1. GEICO
2. Country Financial
3. Travelers
4. Auto-Owners
Chicago Car Insurance Companies at a Glance
Car Insurance Company | Our Score | Minimum Coverage Monthly Average | Full Coverage Monthly Average |
State Farm | 4.7 | $53 | $184 |
GEICO | 4.6 | $42 | $157 |
Erie | 4.5 | $56 | $201 |
Travelers | 4.5 | $47 | $136 |
Auto-Owners | 4.4 | $52 | $193 |
Country Financial | 4.3 | $45 | $162 |
Progressive | 4.3 | $67 | $230 |
Allstate | 4.1 | $101 | $339 |
AAA | 4.0 | $70 | $211 |
*Please note that all cost tables in this article represent average car insurance rates for a single, male driver aged 25 to 35, with good credit and a clean driving history. Rate data was sourced from Quadrant Information Services.
Unveiling Chicago's Car Insurance Quotes
Car insurance requirements in Chicago mandate a minimum level of coverage to provide compensation in case you're involved in an accident. Our data underscores that minimum coverage costs approximately $61 per month or $738 per year in Chicago, which is about 10 percent higher than the national average. For those seeking comprehensive coverage, which includes damage to your own vehicle, the data suggests an average cost of about $200 per month or $2,399 annually in Chicago, marking an 8 percent increase over the national average.Discovering Affordable Liability Insurance in Chicago
Minimum coverage insurance stands out as the most economical choice in Chicago. We highly recommend considering GEICO and Country Financial, as our data reveals they offer the most affordable rates for minimum auto insurance. Responsible drivers can secure monthly rates as low as $42 with GEICO and $45 with Country Financial.Car Insurance Company | Monthly Minimum Coverage Average | Annual Minimum Coverage Average |
GEICO | $42 | $508 |
Country Financial | $45 | $546 |
Travelers | $47 | $565 |
Auto-Owners | $52 | $620 |
State Farm | $53 | $638 |
Erie | $56 | $670 |
Progressive | $67 | $808 |
AAA | $70 | $836 |
Pekin | $81 | $969 |
Allstate | $101 | $1,217 |
Securing Affordable Full-Coverage Car Insurance in Chicago
Our data confirms that Travelers offers the most budget-friendly full-coverage insurance in Chicago, with monthly rates as low as $136. GEICO and Country Financial also provide competitive options, with monthly averages of $157 and $162, respectively. Full coverage encompasses liability, comprehensive, and collision insurance. If you have an auto loan, your lender typically requires comprehensive insurance coverage to protect your vehicle in various situations.Car Insurance Company | Monthly Full Coverage Average | Annual Full Coverage Average |
Travelers | $136 | $1,631 |
GEICO | $157 | $1,886 |
Country Financial | $162 | $1,946 |
State Farm | $184 | $2,213 |
Pekin | $185 | $2,219 |
Auto-Owners | $193 | $2,320 |
Erie | $201 | $2,417 |
AAA | $211 | $2,530 |
Progressive | $230 | $2,763 |
Allstate | $339 | $4,063 |
How Driver Profiles Impact Car Insurance Quotes in Chicago
The cost of your car insurance in Chicago is heavily influenced by various personal factors, such as your driving history, age, vehicle, credit score, and even your Chicago ZIP code. Insurance companies assess these factors differently when determining your rates. Consequently, the insurance provider offering the lowest prices for you might not be the most cost-effective option for your neighbor. Let's explore some examples to illustrate this further.Chicago Car Insurance Rates by ZIP Code
ZIP codes in Chicago exhibit slight variations in accident rates, vandalism incidents, and theft occurrences. These disparities can directly affect your car insurance premiums. The table below highlights how average rates can fluctuate by up to 20.8 percent, depending on your Chicago ZIP code.Chicago ZIP Code | Full Coverage Monthly Average | Full Coverage Annual Average |
60657 | $164 | $1,966 |
60614 | $164 | $1,972 |
60618 | $181 | $2,168 |
60640 | $183 | $2,197 |
60634 | $188 | $2,250 |
60647 | $190 | $2,274 |
60625 | $190 | $2,279 |
60641 | $192 | $2,306 |
60632 | $206 | $2,467 |
60608 | $207 | $2,480 |
60629 | $208 | $2,501 |
60617 | $216 | $2,587 |
60639 | $218 | $2,616 |
60628 | $225 | $2,698 |
60620 | $227 | $2,720 |
60623 | $242 | $2,898 |
Does Your Credit Score Affect Car Insurance in Chicago?
In many states, including Illinois, insurance companies are permitted to factor in your credit score when determining your insurance rates. This is due to the observed correlation between lower credit scores and an increased likelihood of filing insurance claims. If your credit score in Chicago is less than stellar, you may find yourself facing higher insurance premiums. However, having an above-average credit score can lead to lower insurance rates.Affordable Car Insurance in Chicago for Drivers with Poor Credit
If your credit score isn't in the best shape, we recommend exploring insurance rates from various providers. Country Financial stands out as an affordable option for drivers with poor credit, offering rates as low as $72 per month for minimum coverage and $240 per month for full coverage.Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
Country Financial | $72 | $240 |
Travelers | $74 | $207 |
GEICO | $80 | $335 |
Progressive | $110 | $403 |
State Farm | $115 | $401 |
Erie | $121 | $468 |
AAA | $129 | $359 |
Auto-Owners | $147 | $585 |
Pekin | $149 | $351 |
Allstate | $167 | $512 |
Car Insurance Costs in Chicago by Age
Car insurance rates in Chicago can vary significantly based on your age. Teenagers often face higher premiums because they are more likely to engage in risky driving behaviors, leading to a higher frequency of accidents and traffic violations. In Chicago, 16-year-olds insuring their own vehicles can expect to pay approximately $241 per month for minimum coverage or a hefty $728 per month for full coverage. As drivers progress into their 20s and beyond, insurance rates tend to decrease. Typically, car insurance is most affordable for drivers between the ages of 35 and 55. Seniors may see slightly higher rates due to an increased risk of accidents. Here's a breakdown of average rates for minimum and full coverage car insurance in Chicago, categorized by age:Driver Age | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
16 | $241 | $728 |
25 | $66 | $218 |
30 | $61 | $200 |
35 | $57 | $182 |
45 | $54 | $169 |
55 | $52 | $159 |
Affordable Car Insurance in Chicago for Teen Drivers
While auto insurance rates for teenagers tend to be higher, some insurance companies offer more budget-friendly options than others. For instance, Country Financial stands out as one of the most cost-effective choices for teen drivers, offering minimum coverage rates as low as $116 per month and full-coverage rates of $381 per month. Erie and GEICO also provide affordable options for 16-year-olds.Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
Country Financial | $116 | $381 |
Erie | $128 | $480 |
GEICO | $158 | $620 |
Auto-Owners | $198 | $580 |
State Farm | $206 | $640 |
AAA | $273 | $820 |
Pekin | $307 | $519 |
Travelers | $313 | $981 |
Progressive | $319 | $1,181 |
Allstate | $392 | $1,075 |
The Impact of Driving Records on Car Insurance Costs in Chicago
If you have a history of causing accidents or receiving speeding tickets, you can expect your car insurance rates to increase. Typically, accidents and tickets affect your rates for a duration of three years. Our data highlights that drivers with a speeding ticket can face a 26 percent increase in insurance costs, while at-fault accidents can lead to a 51 percent increase, and a DUI or DWI can result in an astounding 83 percent rate hike. Several insurance companies are known for offering competitive rates to drivers with different types of violations. Below are average rates for drivers with speeding tickets, at-fault accidents, or DUIs:Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
State Farm | $60 | $205 |
Travelers | $63 | $185 |
Country Financial | $69 | $232 |
Erie | $79 | $276 |
GEICO | $80 | $292 |
Progressive | $80 | $291 |
Auto-Owners | $83 | $287 |
AAA | $130 | $325 |
Pekin | $131 | $285 |
Allstate | $170 | $533 |
Affordable Car Insurance in Chicago After a Speeding Ticket
Wondering which insurance company offers the most affordable rates following a speeding ticket? Our rate data suggests that drivers can secure low minimum coverage rates with GEICO at just $53 per month, on average.- Affordable Car Insurance in Chicago After an At-Fault Accident
At-fault accidents can have a substantial impact on your insurance rates, often leading to higher premiums compared to speeding tickets. Among the options for minimum coverage, Travelers stands out as the most affordable, with an average monthly rate of $61. For full-coverage insurance, Travelers offers competitive rates at $181 per month. It's evident that there can be a significant difference in rates between insurance providers for drivers with at-fault accidents
Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
Travelers | $61 | $181 |
State Farm | $63 | $216 |
Auto-Owners | $69 | $246 |
Country Financial | $72 | $236 |
Erie | $79 | $276 |
GEICO | $85 | $310 |
Progressive | $88 | $329 |
AAA | $106 | $266 |
Pekin | $110 | $243 |
Allstate | $198 | $622 |
- Affordable Car Insurance in Chicago After a DUI
Getting convicted of driving under the influence (DUI) can significantly impact your driving record and result in substantially higher insurance rates. In some cases, traditional insurance companies may even refuse to provide coverage if you have multiple DUIs and other violations on your record.
For Chicago drivers with a DUI, State Farm emerges as the most budget-friendly option for minimum coverage, offering rates as low as $58 per month. When it comes to full-coverage insurance, Travelers offers attractive monthly rates averaging $198.
Car Insurance Company | Monthly Minimum Coverage Average | Monthly Full Coverage Average |
State Farm | $58 | $199 |
Travelers | $69 | $198 |
Progressive | $73 | $257 |
Country Financial | $75 | $248 |
Erie | $97 | $329 |
GEICO | $101 | $363 |
Auto-Owners | $109 | $366 |
Allstate | $172 | $532 |
Pekin | $178 | $380 |
AAA | $197 | $449 |
Car Insurance Requirements in Chicago
Chicago drivers are obligated to maintain a minimum-coverage policy, which includes bodily injury liability coverage and property damage liability coverage. These requirements aim to ensure that individuals can provide compensation to others in the event they are responsible for causing an accident. The specific requirements mandated by the state of Illinois are as follows:
- $50,000 bodily injury liability coverage per accident
- $25,000 bodily injury liability coverage per person
- $20,000 property damage liability coverage per accident
- $50,000 underinsured/uninsured motorist bodily injury coverage per accident
- $25,000 underinsured/uninsured motorist bodily injury coverage per person
Types of Car Insurance Coverage
Car insurance coverage comes in various forms, each designed to protect against different types of risks. Here's a breakdown of the common types of car insurance coverage:
- Liability: This coverage includes bodily injury (BI) liability insurance, which pays for the medical expenses of other drivers and their passengers if you're at fault in an accident. It also includes property damage (PD) liability insurance, which covers the damages to other drivers' vehicles after an accident for which you're at fault.
- Collision: Collision insurance pays for damages to your vehicle resulting from a collision with another vehicle or a road hazard.
- Comprehensive: Comprehensive insurance covers damages to your vehicle caused by events such as accidents involving animals, natural disasters, theft, and vandalism.
- Medical Payments Coverage (MedPay): MedPay covers medical bills for you and your passengers after an accident.
- Personal Injury Protection (PIP): PIP also covers medical bills for you and your passengers after an accident, and it can also cover lost wages.
- Underinsured/Uninsured Motorist Coverage (UM/UIM): UM/UIM coverage protects you and your passengers in the event of an accident with a driver who is underinsured or has no insurance. It includes property damages (UMPD/UIMPD) and bodily injuries (UMBI/UIMBI).
Affordable Car Insurance in Chicago: Our Recommendations
On average, Chicago drivers face insurance rates that are about 10 percent higher than the national average. However, by exploring your options and shopping wisely, you can find more competitive prices. After examining full- and minimum-coverage rates for various scenarios, we recommend considering GEICO, Travelers, Auto-Owners, and Country Financial as some of the most affordable choices for auto insurance in Chicago.
To find the best rates in Illinois, it's essential to compare free quotes from different insurance companies. We advise obtaining at least three quotes each time you shop for insurance.
Cheapest Auto Insurance in Chicago: Frequently Asked Questions
Here are some commonly asked questions regarding the cheapest auto insurance in Chicago:
How much is car insurance in Chicago?
Based on our rate data, good drivers in Chicago can expect to pay around $61 per month or $738 per year for minimum-coverage insurance on average. For full-coverage insurance, rates are approximately $200 per month or $2,399 per year.
Is car insurance higher in Chicago?
The average cost of full-coverage insurance in Chicago is roughly $2,399 per year. This is approximately 56 percent higher than the Illinois average of $1,677 and 8 percent higher than the national average of $2,216.
How much is car insurance in Illinois per month?
Minimum-coverage car insurance in Illinois costs an average of $39 per month or $472 per year. Full-coverage auto insurance averages $140 per month or $1,677 per year.
What is the best car insurance company in Illinois?
The best car insurance company in Illinois, according to our ratings, is GEICO, which receives a score of 4.6 out of 5. Our scoring takes into account factors such as cost, coverage, reliability, and service.
Our Review Process
Our review process aims to provide consistent and unbiased evaluations of car insurance providers. While there are several qualities that make an auto insurance company successful, our review team focuses on those that we believe are most significant for consumers:
Cost: Comparing costs between insurers can be challenging due to the many factors influencing annual premiums. What's most affordable for one driver may not be the same for another. To determine our cost score, we consider insurance rate estimates from Quadrant Information Services, available discounts, and consumer reports.
Coverage: Our coverage score assesses the number of coverage options available, as well as coverage limits and deductible options. We also take into account additional services and benefits, such as roadside assistance.
Reliability: We prioritize companies with a strong financial strength rating from AM Best, indicating their ability to meet claims obligations. Established insurers with a history of reliable service also receive higher ratings.
Service: To gauge customer experiences, we review customer reviews on platforms like the Better Business Bureau (BBB). Insurers with a low volume of complaints receive favorable scores in this area. We also assess the claims process, giving higher ratings to car insurance providers that offer user-friendly claims apps.
Insurance rate data has been sourced from Quadrant Information Services and is accurate at the time of publication.
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