More than half of Illinois’ 12.7 million total residents are licensed to drive. However, even with 8,546,932 licensed drivers and car insurance being legally required in the state, nearly 12% of drivers are uninsured.
More than just a legal requirement, car insurance helps keep you financially protected against incidents that may impact you, your vehicle or other motorists and passengers on the road. And though 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 car insurance rate, it is possible that many drivers still seek 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.
The cheapest car insurance in Illinois
|Car insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Erie may prove to be a great option for Illinois drivers looking not only to insure their vehicle at low rates, but also feel secure in knowing that their rates will not change. Erie’s Rate Lock feature helps guarantee your same rate, as long as no additional changes are made to your policy. The average full coverage policy costs $1,024 per year and the average minimum coverage policy costs $325 per year. In addition to its selection of coverage options, Erie also offers a variety of saving opportunities. There are discounts for vehicle safety equipment, good drivers, young drivers, reduced mileage, paying in full and more.
Drivers who are looking for cheap car insurance in Illinois might consider starting their search with Geico. The average full coverage policy from Geico costs $928 annually and the average minimum coverage policy costs just $267. In addition to low rates, Geico offers many discounts for even more savings. Drivers can get a lower premium by having vehicle safety features, being a good student, being a good driver, being a federal employee or being an active duty military member.
Mercury is known for offering cheap insurance premiums in Illinois. The average full coverage car insurance policy from Mercury costs $990 annually, and the average minimum coverage car insurance policy costs $273. In terms of discounts, drivers can save money on their policy by having an anti-theft device in their vehicle, being a good student, signing up for autopay, bundling their policies, paying their annual premium in full and enrolling in the RealDrive program. With the program, drivers have the opportunity to save based on their mileage in addition to an automatic 5% discount for signing up.
Between Nationwide’s extensive coverages and available discounts, Illinois drivers are more than likely to save considerably on their auto premiums. Nationwide offers first-accident forgiveness, a vanishing deductible for each year of saving driving up to $500 and a deductible waiver for total losses. There are savings for enabling electronic documents, driving safe and setting up automatic payments, among other common discounts. With these options, Nationwide’s annual full coverage premium of $1,098 per year has the potential to fall more in line with the other providers on our list.
Drivers who are looking for cheap insurance coverage in Illinois could choose an affordably-priced policy from State Farm. The average minimum coverage policy costs $316 annually and the average full coverage policy costs $935 annually. 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. Policyholders can also feel confident when they opt for travel expense coverage, which pays for transportation, food and temporary stay expenses when you are involved in an accident more than 50 miles from home.
Affordable 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 in bodily injury liability coverage per person
- $50,000 in bodily injury liability coverage per accident
- $20,000 in property damage liability coverage.
Purchasing minimum coverage insurance means you will pay the lowest rate. However, drivers are encouraged to purchase coverage beyond the minimum requirement. Car accidents can be expensive, and if your policy does not cover the full cost of an accident, you are responsible for paying the rest out-of-pocket.
How to get cheap car insurance in Illinois
If you are looking for the cheapest auto insurance in Illinois, finding an affordable carrier is important. However, there are several other ways that drivers can get a low rate. Here are some of the most common ways to save when purchasing insurance from Illinois’s best car insurance providers:
- Shop around: Instead of settling for the first provider you find, consider doing some research to identify a few car insurance companies that have the coverage and discounts you are looking for.
- Compare rates: Get quotes from several insurance providers and compare them to see which company can offer the lowest-priced policy.
- Take advantage of discounts: Look for insurance companies that offer discounts you qualify for. The more discounts you can take advantage of, the cheaper your premium will be.
- Pay in full: If you can afford to pay your annual premium upfront and in full, you can probably save some money on your policy.
- 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, consider raising your deductible. The savings may not be significant, but it will lower your premium slightly.
Frequently asked questions
What is the best car insurance in Illinois?
The best car insurance company in Illinois is different for every driver. However, some of the highest-rated companies are Auto-Owners, Country Financial, Erie, Geico and State Farm. When determining the best car insurance company for you, it may help to look at which provider offers the most meaningful coverage options and has strong customer service.
What is the average cost of car insurance in the U.S.?
The average cost of car insurance in the U.S. is $1,674 for a full coverage policy annually. The statewide average cost of full coverage insurance in Illinois is $1,485 per year, which is considerably below the national average. The rate you end up paying may be different depending on your age, driving record and ZIP code, among other factors.
How do I get a car insurance quote?
Getting a car insurance quote is a simple process. The easiest ways to get a quote are to use an online quote tool or call an agent directly. You will be asked to provide personal information, like your name, address, birthday and possibly your social security number. You will also need to provide information about your vehicle, such as the VIN, mileage, make, model and year.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.