Finding the right car insurance can feel like a game of tug-of-war between quality and price. But it’s often possible to find affordable car insurance that still delivers the coverage you need. For instance, several options exist for the best cheap car insurance in Chicago. Geico and Mercury offer full auto insurance coverage in the Chicago area for average prices below $1,200 annually, based on Bankrate’s rate research. Close behind these two in price are Secura, State Farm and Erie.

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The average cost of full coverage auto insurance in Chicago is $2,069 annually, which comes to $172 per month. Minimum coverage car insurance in the state costs an average of $627 annually.

Best cheap car insurance companies in Chicago

Geico, Mercury, and Secura had the lowest average annual costs for full coverage, according to our analysis of rates from Quadrant Information Services. Bankrate also calculated a Bankrate Score for each reviewed company on a five-point scale using information from online 3rd party agencies such as J.D. Power, AM Best, S&P, the National Association of Insurance Commissioners (NAIC) and Moodys. While customer satisfaction and financial strength are some of the biggest factors included in our ratings, we also consider affordability, coverage options and digital resources for policy and claims management. This information can help drivers to make quick, informed decisions when looking for the best cheap car insurance in Illinois and Chicago.

Insurance company Bankrate Score J.D. Power score (North Central) Average annual premium for full coverage Average annual premium for minimum coverage
Geico 4.7 847/1,000 $1,152 $312
Mercury 4.2 Not rated $1,194 $335
Secura 4 Not rated $1,358 $374
State Farm 4.7 848/1000 $1,373 $421
Erie 4.6 876/1000 $1,386 $696


Geico is a household name insurer and one of the more financially stable car insurance companies. It provides robust online and mobile app options for their policyholders and have relatively low annual averages for their auto insurance. While there are many points in Geico’s favor, some find that it provides fewer add-on coverage options than some competitors.

Learn more: Geico Insurance review


Offering some of the lowest rates on our list for the Chicago area, Mercury has been in the insurance business for over 60 years. It offers competitive rates and comprehensive digital tools for policy management and maintains a strong presence of local agents in areas served. Unfortunately, Mercury is currently only active in 11 states and does not sell auto insurance outside those states.

Learn more: Mercury Insurance review


Secura is a lesser-known insurance company, but it could be a strong contender for some drivers. In many cases, Secura offers relatively low rates, and the company prides itself on maintaining a high social responsibility standard. While the company offers competitive rates on bundled policies, they also only sell bundled policies. Drivers cannot get an auto insurance policy from Secura by itself, and instead need to bundle it with a home insurance policy.

Learn more: Secura Insurance review

State Farm

State Farm has been awarded in the past with the 2021 Bankrate Award for auto, home and life insurance, thanks to high levels of customer service, competitive rates, digital policy management tools and accessible agents. However, despite the company’s many upsides, it does not have 24/7 customer service available.

Learn more: State Farm Insurance review


Erie has somewhat higher average rates compared to some others on our list, but still competes strongly against the statewide and national average. Additionally, this company scores highly in the 2022 J.D. Power study on customer satisfaction. Still, Erie Insurance is only available in 12 states and has limited options for online or mobile management of policies and claims.

Learn more: Erie Insurance review

How to get and keep the cheapest car insurance in Chicago

Beyond looking through reviews, there are a couple of tips and tricks to help you find and keep cheap car insurance in Chicago.

  • Shop around between insurers. When looking for a new policy, it can help to request quotes from multiple companies. Looking at average rates is helpful, but it can be deceptive since so many personal variables go into calculating any given person’s rate. By pulling multiple quotes based on your information, you can see which company will offer the cheapest car insurance for you.
  • Drive smart and safe. Maintaining a clean driving record is one of the more direct ways to maintain cheap coverage. The more you avoid moving violations, the lower your rates tend to be. There are limits to this, and it varies between companies, but in general, insurers charge lower premiums to drivers who are less likely to get into accidents or receive tickets. Additionally, many insurers offer a discount to drivers that haven’t filed a claim in the last two to three years.

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