Best cheap car insurance in Springfield

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If you own a vehicle in Springfield, Illinois, you need to have auto insurance. Not only is it required by law, but it can be one of the best protections against the financial risk of auto accidents. Premiums in Springfield are low, averaging $456 per year for minimum coverage and $1,420 per year for full coverage.

In addition to cost, another factor to consider is that just under 14% of drivers in Illinois were uninsured in 2015. Getting into an accident with, or as, an uninsured driver can cause financial devastation if you do not have the right insurance. Choosing the best cheap car insurance in Springfield means knowing about the options available to you.

Best car insurance companies in Springfield

After reviewing multiple factors, we have chosen five insurance carriers as the best car insurance companies in Springfield. Each company offers generally low premiums and scored around or above the industry average in the 2020 J.D. Power U.S. Auto Insurance Study in the North Central region, which includes Illinois. Coverage options and available discounts were also considered during our review. When looking for the best car insurance in Springfield, this list is a good place to start.

Insurance company J.D. Power score
(North Central region)
Average annual premium for minimum coverage Average annual premium for full coverage
Geico 851 / 1,000 $292 $1,009
State Farm 829 / 1,000 $339 $916
USAA 897 / 1,000 $369 $1,215
Auto-Owners 845 / 1000 $395 $1,090
Allstate 830/ 1000 $413 $1,544

Geico

Geico received the highest score in the 2020 J.D. Power U.S. Auto Insurance Study in the North Central region while maintaining some of Springfield’s lowest minimum coverage costs. On top of already low premiums, Geico offers numerous discounts that policyholders can take advantage of.

Geico also boasts an A++ rating from AM Best. This means that the company is considered financially strong. Financial strength ratings are an important metric to consider when choosing an insurance company. A financially strong company is more likely to be able to consistently pay policyholders’ claims.

State Farm

State Farm has the second lowest minimum coverage rates and the lowest full coverage rates of the insurers that we reviewed in Springfield. As the largest auto insurer by market share in the country, State Farm offers extensive coverage options. In addition to the standard coverage options, State Farm offers a ridesharing coverage endorsement, the ability to insure classic and antique cars and coverage for commercial vehicles.

State Farm is also unique in that it offers two safe driver programs. Drive Safe & Save is designed for adult drivers, and Steer Clear can help drivers under 25 learn safe driving habits. Both programs are part of a long list of discounts available to State Farm policyholders.

USAA

Although USAA received the top score in the 2020 J.D. Power U.S. Auto Insurance Study in the North Central region, it does not technically qualify for ranking since it only sells insurance to past and present members of the military and their families. However, if you qualify, you will likely have low premiums and a host of coverage options available to you.

USAA’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.

Auto-Owners

Auto-Owners offers insurance products in 26 states. They scored in the top five in the 2020 J.D. Power U.S. Auto Insurance Study in the North Central region and are A++ rated by AM Best. 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 coverage and their Personal Automobile Plus package, which includes cell phone replacement and identity theft coverage, among other coverages. They also offer a host of discounts to help policyholders keep their premiums low.

Allstate

Allstate is known for focusing on driver safety and has designed a discount program called Drivewise to monitor and reward safe driving via a mobile app. Allstate offers plenty of options for customization, including new car replacement, accident forgiveness and a deductible rewards program. Allstate also has agents located in all 50 states and Washington, D.C.

Cheapest car insurance in Springfield

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
Geico $292 $1,009
Mercury $296 $976
Erie $325 $948
State Farm $339 $916
Nationwide $367 $1,054

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, can help you to decide if a company fits your needs.

Springfield insurance requirements

Illinois state law requires drivers to carry minimum amounts of certain car insurance coverages. The minimum required limits are:

  • 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. 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.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 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 2018 Honda Accord, 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.