If you are looking for the best car insurance in Springfield, IL, you may also be looking for a cheap option. According to Bankrate’s 2021 study of annual quoted premiums, the average cost of car insurance in Springfield is on the cheaper side, at $456 per year for minimum coverage and $1,420 per year for full coverage. Insurers such as Geico and State Farm offer some of the lowest prices on our list, but there are a host of other providers that you might also consider for the best deal.
Even though car insurance in Illinois is less expensive compared to some other states, it is possible to save on annual premiums by choosing an insurer that offers the most value for your needs. Besides competitive prices, the best car insurance companies in Springfield also offer excellent customer service, a wide range of coverage and discounts and digital tools to make policy management convenient. Bankrate’s insurance editorial team selected top insurers in Springfield based on these qualities.
Best cheap car insurance companies in Springfield
Our team chooses the best cheap insurance companies after analyzing third-party ratings, customer reviews, average premiums gathered by Quadrant Information Services, coverage and discount options, digital tools and overall reputation in the industry. After reviewing scores from the 2021 J.D. Power Auto Insurance Study, the top contenders include Geico, State Farm, USAA, Auto-Owners and Allstate. However, keep in mind that individual choices will vary and personal data plays a role in the rate you pay for annual premiums.
|Insurance company||J.D. Power score
(North Central region)
|Average annual premium for minimum coverage||Average annual premium for full coverage|
*Due to membership eligibility restrictions, USAA is considered rank-ineligible by J.D. Power.
For basic coverage at the lowest average minimum coverage price on our list, Geico is a leading car insurance company. Scoring just a couple of points below the industry average in the J.D. Power Auto Insurance Study, North Central Geico customers generally have a satisfactory experience with the insurer. The digital tools Geico offers help make policy management a breeze, as made clear by its first-place position for service in the 2021 J.D. Power Insurance Digital Experience Study. Geico also offers numerous discounts that policyholders may take advantage of.
Learn more: Geico Insurance Review
The second-highest ranked provider in the 2021 J.D. Power study, State Farm has some of the lowest rates on average on our list for Springfield drivers. Its website features a long list of coverage options and discounts. As the largest auto insurer by market share in the country, State Farm offers valuable perks alongside its standard coverage, such as rideshare coverage and the ability to insure classic and antique cars. There are also two safe driver programs, which are meant to help you save money while building good driving habits. The company boasts a network of 19,000 agents nationwide.
Learn more: State Farm Insurance Review
For military members, veterans and their immediate families, USAA could be an ideal option. The coverage options are tailored for the armed forces and the cheap rates could be further lowered with a wide array of discounts. Perks include a deployment discount for when a vehicle is not in use, a low annual mileage discount and discount for young drivers who purchase their own policy after having already been USAA-insured by a parent. The company’s mobile app may be attractive to policyholders who like to handle their insurance needs digitally. The app allows you to report claims, request roadside assistance, review an accident checklist and view ID cards.
Learn more: USAA insurance review
Another highly rated provider in the 2021 J.D. Power Auto Insurance Study, Auto-Owners has an A++ (Superior) rating for financial strength from AM Best and offers insurance products in 26 states. Along with standard auto insurance coverages like liability, comprehensive and collision coverages, Auto-Owners offers endorsements to help policyholders customize their insurance. These options include diminished value coverage, loan/lease gap insurance and its exclusive Personal Automobile Plus package, which includes cell phone replacement and identity theft coverage, among other coverages. A host of discounts are offered to help policyholders keep their premiums low.
Learn more: Auto-Owners Insurance review
With an A+ (Superior) rating from AM Best and discounted premiums that allow more savings, Allstate is one of the top five insurers today for affordable car insurance and has over 12,000 agents across the country. Endorsements include options for new car replacement and accident forgiveness. There is also a deductible rewards program, which could reduce a driver’s collision deductible by up to $500 for maintaining a clean driving record. For driver safety, there is a popular discount program called Drivewise to monitor and reward safe driving via a mobile app.
Learn more: Allstate Insurance review
Cheapest car insurance in Springfield
The best insurance companies are not necessarily the cheapest car insurance in Springfield, Illinois. However, there is some crossover as some of the cheapest insurers in the city include Geico, Mercury and Erie. The average cost for insurance in the state of Illinois is $442 per year for minimum coverage and $1,485 per year for full coverage. Springfield drivers pay around the same amount, with average rates of $456 per year for minimum coverage and $1,420 per year for full coverage. Both Illinois in general and Springfield specifically have premiums that are lower than the national average of $565 annually for minimum coverage and $1,674 annually for full coverage.
When looking for the best cheap car insurance companies in Illinois, it is useful to compare premiums from multiple companies. Each company has its own rates, and comparing providers is one of the best ways to find the right coverage for your budget.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
For the best cheap car insurance companies in Illinois, Geico is a top choice to consider for many because of the low rates and the digital convenience it offers, along with strong industry ratings. Erie insurance is also known for its affordability, strong financial position, and favorable market reputation. Although Mercury offers low rates, it falls behind in customer satisfaction, and the company also has a below-average complaint index rating of .77 for private passenger insurance. State Farm combines cheap rates with a strong network of local agents and a variety of coverage options for those who want more out of their insurance company. Nationwide facilitates maximum savings while offering unique endorsements for personal needs.
Premium is not the only factor you may want to consider when shopping for car insurance. Taking into account a company’s customer service reviews, financial strength, coverage options and available discounts, as well as its average rates, could help you to decide if a company fits your needs.
Springfield insurance requirements
- Bodily injury liability of $25,000 per person
- Bodily injury liability of $50,000 per accident
- Property damage liability of $20,000 per accident
- Uninsured motorists bodily injury coverage of $25,000 per person
- Uninsured motorists bodily injury coverage of $50,000 per accident
If you purchase limits of uninsured motorists coverage that are higher than the minimum required amounts, Illinois also requires that you purchase underinsured motorists coverage.
While the state requires that drivers carry at least these minimum limits, most insurance companies recommend purchasing higher liability limits and often even full coverage insurance. With state minimum limits, if you cause an accident and the damages are greater than your insurance limits, you will have to pay the difference out of pocket. In addition, if you finance or lease your car, your bank will likely require you to carry full coverage insurance.
Car insurance discounts in Springfield
There are several car insurance discounts available to drivers in Springfield. Each insurance company offers its own set of discounts, but some common ones include:
- Paperless policy: If you agree to receive your bills and other policy documents like ID cards electronically, you may qualify for a discount.
- Usage-based driving: Several companies offer a mobile app or a plug-in device to monitor your driving habits. If you do not drive often, this discount may save you money.
- Good driving: If you do not have any claims or tickets on your record in the last several years, your insurance company might apply a good driver discount to your policy.
- Policy bundling: If you purchase more than one policy with a company, like a home insurance policy and an auto insurance policy, you could get a discount on both.
Frequently asked questions
What is the best car insurance company?
Finding the best car insurance company depends on your specific situation. Knowing what factors are important to you can be a good starting point. For example, are you looking for a company with a highly-rated mobile app or online portal? Do you want a company that offers a lot of discount options? Once you know what is important to you, you can compare quotes from multiple providers to see which companies best align with your needs and budget.
How much does car insurance in Springfield cost?
Drivers in Springfield pay an average of $456 annually for minimum coverage and $1,420 annually for full coverage, which is in line with the average rates in Illinois. This is slightly lower than the national average cost of car insurance, which is $565 per year for minimum coverage and $1,674 per year for full coverage.
How much car insurance do I need in Springfield?
Illinois requires a minimum amount of auto insurance that all drivers must have, outlined in the section above, including bodily injury liability, property damage liability and uninsured/underinsured motorist coverage. However, many people choose to increase their liability levels or insure their vehicle with full coverage. If you are unsure how much coverage you need, you may want to consider talking to a licensed insurance agent to help guide your selections.
What are the penalties for lapse in coverage?
Aside from fines and license suspension for driving uninsured, a break in your policy could also affect your premium. Anyone with a lapse in coverage may be considered a high-risk driver and prices could rise by a few hundred dollars a year.
How can I get cheaper car insurance?
Since prices vary from one insurer to another, shopping around every periodically could get you better deals. If you are eligible for discounts, they also contribute towards more savings. Keeping a clean driving record and paying your premiums on time are some of the best ways to keep your premiums low.
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.