There were over 4,500 annual crashes in Peoria, according to the last report by the Illinois DOT. Having insurance is essential to protect you financially, and many people want the best car insurance in Peoria that they can find. The average cost of car insurance in Peoria is $456 per year for minimum coverage and $1,419 per year when you buy full coverage, which includes liability, comprehensive and collision coverage.
Although full car coverage insurance in Illinois is significantly more than basic coverage, it is worth the expense for most drivers. Minimum insurance only pays for damages and injuries you cause to others. If your vehicle needs to be replaced or repaired, your carrier will not cover it. Full coverage includes reimbursement or payment for damages to your vehicle.
Before you write off more robust car insurance in Peoria because of the cost, take a look at what the best, cheap car insurance companies in Peoria charge. Bankrate collected data from area carriers and compared cost, customer ratings and types of coverage to create a shortlist of the best options for consideration.
Best cheap car insurance companies in Peoria
There are many car insurance companies operating in Peoria. You have your pick of smaller, regional insurance companies or national carriers. We chose four car insurance companies in Peoria based on low average premiums, good customer ratings and available insurance options to customize coverage.
|Insurance company||J.D. Power score (North Central region)||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Erie||846 / 1000||$330||$976|
|Geico||851 / 1000||$280||$909|
|Grange||832 / 1,000||$319||$1,013|
Erie’s insurance rates may be slightly higher than the other carriers, but you get a lot for your money. Full vehicle coverage includes extras many other carriers require you to pay for. Some of the endorsements included with full vehicle coverage include roadside assistance, auto glass repair, personal item coverage of up to $350, pet insurance and locksmith service for up to $75 if you lose your keys or get locked out of your vehicle.
Learn more: Erie Insurance review
Geico ranks highest in customer satisfaction of all four providers. Respondents in the J.D. Power study score Geico with an 851 out of 1,000 points for communication, policy options, pricing and claims process. Filing a Geico claim is designed to be as simple as possible. According to the carrier, the process can be completed in as little as five minutes using the mobile app. You can also file a claim online or over the phone. A Geico representative will follow up with you the same day, or the next morning if the claim is filed after 8 p.m. to ensure that the process is handled as quickly and efficiently as possible.
Learn more: Geico Insurance review
If your driving record contains previous accidents or moving violations, you could still get affordable coverage through Grange insurance policies by enrolling in the OnTrack program. You will need to download the app, which tracks your driving habits and distances. If you are driving safely, you could earn a discount on your vehicle insurance up to 25%. Grange provides a number of add-ons that expand on your coverage. Original equipment manufacturer insurance allows you to repair or replace parts with original manufacturer parts. Full glass repair covers the cost of replacing your windshield if it chips or cracks.
Learn more: Grange Insurance review
Out of the providers on our list, Pekin offers the cheapest car insurance on average for Peoria car owners. Whether you choose basic or full coverage, you will likely find the lowest rates with Pekin. There are several car insurance discounts available, such as home and car insurance bundling, multi-car and advance issue. Adding the Auto Guard endorsement to your coverage adds a few extra protections such as vehicle key replacement, personal effects coverage, tire protection and trip interruption — all for $20 or less annually per insured vehicle.
Cheapest car insurance in Peoria
The car insurance companies in Peoria highlighted above have low average premiums, but may not necessarily be the cheapest available. The good news is that Peoria car insurance rates are cheaper than both the state and national average. The average cost of car insurance in Illinois is $1,485 per year and the average cost of car insurance nationally is $1,674 per year.
If cost is the biggest factor when shopping for vehicle coverage, take a look at the following table of the cheapest car insurance companies in Peoria by market share. The rates shown are averages based on Bankrate’s sample profile for drivers in the area. Your car insurance quote may be higher or lower, depending on your age, driving record and vehicle.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Geico, State Farm and Mercury all offer the standard coverages you might expect to find and have at least a couple of optional coverages like roadside assistance. However, both Erie and Nationwide offer more extensive optional coverages. To find the lowest rates, consider getting car insurance quotes from several providers. Most companies have online quote tools that do not take long to complete. Once you have collected a few quotes, compare them to determine which carrier may suit your needs best.
Peoria insurance requirements
The state of Illinois requires all vehicle owners to carry car insurance of 25/50/20. This means:
- Bodily injury liability insurance of $25,000 per person and $50,000 per accident
- Property damage coverage of $20,000 per accident
There are also requirements for uninsured motorist (UIM) coverage up to the same limits as bodily injury liability, and underinsured motorist coverage to make up the difference between UIM and liability. Unless you cannot afford any more coverage, the state minimum may be too low to sufficiently cover an accident. This could leave you personally responsible to pay for any damages you cause above the limits. In addition, liability coverage does not pay for repairs to your car. To include protection for your vehicle, especially if it is a lease, you will need to purchase collision and comprehensive coverage.
Car insurance discounts in Peoria
Most carriers offer a list of discounts that could lower your car insurance further. Some of the most popular discounts are:
- Safe driver: You could qualify for lower premiums if you do not have any recent tickets or accidents on your record.
- Vehicle equipment: If you drive a newer car, you can probably get discounts based on safety technology such as collision warning and driver assistance, or more standard features like air bags.
- Driver tracking or telematics: Downloading an app that tracks your driving habits could help you earn discounts based on your behavior behind the wheel.
- Bundling: Buying suto and home insurance with the same company often earns you a discount on both premiums.
The most significant discounts are typically bundling coverage because you will earn a discount on all your policies. Additionally, signing up for driver usage or tracking can usually earn you considerable savings off your premiums if you are able to display efforts to drive as safely as possible.
Frequently asked questions
What is the best car insurance company in Peoria?
The best car insurance company in Peoria is hard to narrow down to one. Erie, Geico, Grange and Pekin are among the top carriers for the area based on cost and customer ratings, but you may find other carriers that fit your needs.
How much does car insurance in Peoria cost?
The average cost of car insurance in Peoria depends on the level of coverage you are looking for. Minimum car insurance is $456 per year and full coverage is $1,419 per year.
How much car insurance do I need in Peoria?
Illinois car owners need liability coverage of at least $25,000 per person in bodily injury up to $50,000 per accident, as well as $20,000 in property damage. However, to cover costs for damage to your own vehicle, purchasing higher limits and full coverage is recommended by insurance experts.
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 sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.