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Best car insurance in Illinois for 2022

Updated Sep 30, 2022
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Nationally, the average annual premium for full coverage car insurance is $1,771. Drivers in Illinois, however, could expect to pay less, with an annual average of $1,533. Although an affordable rate is essential, Bankrate understands that every driver has unique needs when it comes to car insurance. Premium may be top-of-mind for some, but for others, a full-service website and mobile app could be a priority. Considering this, Bankrate used proprietary rate data coupled with decades of industry experience to analyze a wide array of metrics to bring you the best car insurance in Illinois.

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Key takeaways
  • With an annual full coverage premium of $1,533, car insurance in Illinois is, on average, 15 percent less than the national average of $1,771.
  • Although Illinois’ rates may be lower than average, drivers in Chicago can expect to pay more with an average annual rate of $2,069.
  • Our extensive research shows you could find the best auto insurance in Illinois with Travelers, Geico and Erie.

Compare rates and save on auto insurance today!

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How Bankrate chose the best car insurance companies in Illinois

Using proprietary rate data provided by Quadrant Information Services, Bankrate uncovered the companies that may offer the cheapest auto insurance in Illinois for both full and minimum coverage policies. In addition to rates, we reviewed other essential factors such as J.D. Power customer satisfaction ratings, AM Best financial strength ratings, mobile accessibility and coverage add-on options. Using this information, we issued each company a Bankrate Score, ranging from 0.0 to 5.0 (with 5.0 being the highest score possible). Our goal is to give shoppers the information they need to have a holistic view of Illinois’ best car insurance companies.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best car insurance companies in Illinois

The average annual premium for full coverage auto insurance in Illinois is $1,533. For minimum coverage, the Illinois average is $475. Based on rate data provided by Quadrant Information Services, Travelers, Geico, Erie, Auto-Owners and Mercury topped Bankrate’s roundup as some of the best car insurance companies in Illinois. To help you choose the best car insurance provider for you, we broke down these carriers by their average annual premium, customer satisfaction score and an individualized Bankrate Score.

Based on Bankrate’s research, the companies offering the best auto insurance in Illinois are:

Car insurance company Bankrate Score J.D. Power score (North Central region) Average annual full coverage premium Average annual minimum coverage premium
Travelers 4.70 818/1,000 $1,275 $485
Geico 4.70 847/1,000 $962 $268
Erie 4.53 876/1,000 $1,069 $545
Auto-Owners 4.2 834/1,000 $1,188 $343
Mercury 4.13 Not rated $998 $302

Travelers

Travelers offers the lowest average full coverage premium in Illinois, based on our research. In addition to low rates, the insurer offers a menu of discounts that could help you save even more off your premium. You can also add numerous endorsements to your policy, including new car replacement and ridesharing coverage. However, Travelers did receive the lowest average J.D. Power score for claims satisfaction of the companies on our list.

Learn more: Travelers Insurance review

Geico

If budget is your primary concern, Geico may be a good choice. The company consistently offers low premiums and a suite of discounts that might help you save even more. You could earn a discount for being a member of the military, a safe driver or a federal employee and if you have vehicle safety equipment. However, Geico’s policies are relatively basic. If you prioritize policy personalization, you may want to consider other providers.

Learn more: Geico Insurance review

Erie

With the highest customer satisfaction rating in J.D. Power’s 2022 U.S. Auto insurance study, you may want to request a quote from Erie if you’re looking for a car insurance company that provides excellent service. Additionally, AM Best granted Erie an A+ (Superior) score for financial stability. However, compared to other companies, you may find Erie’s technological capabilities lacking, so you may have better options if you need a full-service online portal and mobile app.

Learn more: Erie Insurance review

Auto-Owners

Auto-Owners offers reliable auto coverage with a personal touch through a network of independent agents. To get an Auto-Owners insurance policy, you must work with an agent in your area rather than purchasing a policy online. Auto-Owners offers standard auto insurance coverages plus several endorsements to personalize your policy, including diminished value coverage and gap insurance. The company also offers numerous discounts that might help you save on your premium.

Learn more: Auto-Owners Insurance review

Mercury

Along with offering the second-lowest premium on our list, Mercury may also be a good company for rideshare drivers. Not all Illinois car insurance companies offer rideshare insurance, but Mercury may be able to provide this coverage for less than a dollar a day. However, Mercury has a higher-than-average rate of customer complaints per the NAIC, and they were not rated by J.D. Power in 2022. As such, it may be worth your time to seek out others who insure with Mercury to ask about their experience.

Learn more: Mercury Insurance review

Average cost of car insurance in Illinois

The national average cost of car insurance in the U.S. is $1,771 annually for a full coverage policy, whereas the average cost for full coverage in Illinois is $1,533 per year. These rates are 2022 quoted annual premiums from Quadrant Information Services. Rates may vary for each driver by provider.

Although drivers near Chicago may find that their premiums are higher than the state average due to the higher likelihood of accidents on the area’s congested roadways, most of Illinois pays lower-than-average premiums for car insurance when compared on a national level. Regionally, however, Illinois is higher than many states in the Midwest. Wisconsin drivers, for instance, pay an average of $1,246 annually for full coverage. Rates in Indiana are similar to Wisconsin’s, averaging $1,242 per year.

Although lower than the national average, Illinois rates may be higher than in neighboring states due to Chicago’s increased risk.

Average annual premium for minimum coverage in Illinois Average annual premium for full coverage in Illinois
$475 $1,533

How to find the best car insurance in Illinois

The best car insurance company will vary from driver to driver. Some Illinois motorists value paying via a mobile app or diverse coverage options while others are looking for the cheapest premium available. Regardless of your preferences, the steps below can help you find the best car insurance in Illinois for your lifestyle.

Consider minimum insurance requirements in Illinois

When determining what coverage you need, you may want to look into Illinois car insurance laws and state minimum requirements. Specific limits and minimum liability requirements can be found on the Illinois Department of Insurance website. If you purchase higher limits of uninsured motorist coverage, you will also be required to purchase underinsured motorist coverage. Uninsured motorist coverage protects your finances if you are hit by a driver who has no insurance; underinsured motorist coverage is designed to help pay the overage if the driver who hit you does not have enough coverage to pay for your damages.

Consider lender requirements

If you finance or lease your vehicle, lenders often require full coverage insurance. In addition to liability coverage, you may also be required by your lender to purchase collision and comprehensive coverage to insure the vehicle. If you damage or total your vehicle, lenders need to make sure funds are available to pay the damages to repair your vehicle. You may also want to consider purchasing gap insurance for newer financed vehicles. Gap insurance will pay the value between what the car is worth and what you owe on the vehicle if it’s totaled in a covered accident or stolen & unrecoverable.

Consider your individual needs

Car insurance is a highly-personalized product, so no one company is best for all drivers. For instance, some drivers may need to carry SR-22 insurance, so they must find a company that can accommodate that. Others could work a non-standard work schedule, so instead of local offices, they may need a company that is open 24/7 via a customer service hotline. While a company's overall rate is essential when shopping for the best car insurance in IL, it’s also vital to prioritize any other individual needs that you may have.

Car insurance discounts in Illinois

If you’re looking for the best auto insurance in Illinois while living on a budget, auto insurance discounts are a great way to lower your car insurance premium. If you qualify for any of the following discounts, you may want to compare quotes from auto insurers that offer these deals:

  • Young driver discounts: If you have a student in your family, there could be numerous ways to save. Your young driver may qualify for a good student discount if they get good grades, a distant student discount if they go to college without a vehicle or a safe driver discount if they took an approved driver training course.
  • Safe driver discounts: Those with clean driving records or no previous claims may qualify for lower rates. You may also be able to participate in a usage-based telematics program, in which a company installs a device that tracks your driving in real-time and rewards safe practices.
  • Other discounts: Your company may offer a discount for completing an online defensive driving course. Depending on your company's guidelines, you may pay a small fee to enroll in the class, but your discount savings could outweigh this cost. However, not all companies offer this discount, so you will have to contact your agent for details.

When shopping for car insurance, Illinois residents may want to keep in mind that every insurance company has a different set of discounts. Talking to an agent or researching discounts on a company’s website may help you identify areas you could save.

Frequently asked questions

Written by
Carol Pope
Insurance Writer

Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance.

Edited by Insurance Editor
Reviewed by Assistant Vice President & Claims Field Manager