Cheapest Car Insurance Rates in 2023
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Cheap SR 22 Auto Insurance in Illinois: Best Companies & Quotes
Personal Finance Expert
Tyron Jones is a finance expert who has operated within the auto insurance business for more than 10 years. He has written many other finance related articles for a number of prominent publications.
The average cost for a basic insurance policy in Illinois is only $500 a year, but you can pay less or more depending on what’s most important to you. If your monthly payment is the most important, you can lower your premium. If you want to get the best coverage for the best rates, you’re going to want to know how you can lower your rates and still get the most comprehensive coverage for your vehicle. These tips help Illinois drivers get the best possible price for their insurance without sacrificing the best coverage.
Best Car Insurance Companies in Illinois
- American Family
- State Farm
|Progressive||USAA||American Family||Allstate||Geico||State Farm|
|AM Best Financial Strength Rating||A+||A++||A||A+||A++||A++|
|JD Power 2019 Overall Customer Satisfaction score||3/5||5/5||4/5||3/5||4/5||4/5|
|Avg Annual Premium||$1,170||$952||$1,465||$1,879||$741||$1,092|
|Consumer Reports Reader Score||75||92||76||72||78||78|
|BBB Rating||A+||Not Rated||A||A+||A+||A+|
Auto Insurance Statistics in Illinois
According to NAIC.org, the auto insurance premiums in Illinois have been below national averages for many years. Illinois has been enjoying much lower car insurance rates for more than a decade. The below data shows how Illinois rates for car insurance compare with the national averages.
Top 10 Cheapest Car Insurance Companies in Illinois
|Rank||Company Name||Avg. Annual Premium|
Drunk Driving Fatalities
Drunk driving is a concern in many states across the country. When it comes to driving in the state of Illinois, it is important to understand the level of drunk driving in the state in which you live. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Illinois vs. nationwide.
Drunk driving fatalities in Illinois from 2013 to 2017
Teen Drinking and Driving
Teen drinking and driving in Illinois is higher than the national average and is higher than averages of adult drinking nationwide as well. The below statistics represent the percentage of Illinois drivers that are teenagers who are drinking and driving when compared with national averages.
Teen Drinking & Driving in Illinois vs. Nationwide (2017)
SR-22 Insurance in Illinois
If you commit a driving offence in Illinois, local authorities will consider you a more at-risk driver. For this reason, you will need to purchase an SR-22 — this is a special form of insurance that means the insurer will provide direct evidence of your coverage to the Illinois DMV. This means that you won't be able to get out of purchasing the right amount of coverage.
Keep in mind, it can take up to 30 days for you to receive approval once you purchase your SR-22 insurance. If you don't want this type of insurance in Illinois, the only way to avoid it is to pay a $70,000 bond that will cover costs if something goes wrong.
Car Theft in Illinois
The FBI has provided reports on the number of vehicle thefts nationwide. Illinois has lower than average vehicle thefts when compared with the other states across the nation. To protect against vehicle thefts, it is advised to get comprehensive vehicle coverage. The below data shows how Illinois ranks against other states nationwide in the number of car thefts.
Vehicle thefts by rank nationwide vs. Illinois
Uninsured Motorists in Illinois
Uninsured or underinsured motorists who cause car accidents are still liable to pay but without the right insurance coverage, they may not be able to pay upfront. This means that you will pay out of pocket unless you have uninsured and underinsured motorist coverage. The below data shows how well Illinois ranks in the total number of reported uninsured motorists in the state in the year 2015.
Percentage of uninsured drivers (Top States in 2015)
How to Lower Your Car Insurance in Illinois
Try Several Companies
One of the biggest mistakes you’ll make searching for a car insurance policy for your budget is to assume the company on the television offering the lowest rates is the winner. Try at least three different companies and shop around. There are always better rates available for those who shop around, and you don’t want to sell yourself short assuming one company must have the lowest rates because someone else told you they do. Call at least three, ask for comparisons and go from there.
Ask About the Discounts Available
Many drivers have no idea that there are discounts available to them when they’re paying for auto insurance. It’s not that they’re a secret, but the best car insurance companies aren’t trying to make these savings well-known to those who continue paying higher rates.
- Multiple car discounts
- Multiple policy discounts
- Clean driving discounts
- Online document discounts
- Professional organization discounts
You can get a better rate with your insurance company when you have more than one vehicle on our policy. Ask about that when you call to discuss rates. It’s also a good idea to ask what the discount is if you change your homeowners, life, and other insurance policies over to a company and bundle them together with your auto insurance policy. In fact it's very common to do a car and home insurance bundle to lower rates. Also if you have a clean driving record, you should get a discount on your auto insurance.
One thing you might not know is you can save a few dollars every month on the cost of your premium by doing nothing more than simply forgoing mailed paperwork. It saves stamps, the cost of envelopes, paper, ink, and even saves a few trees when you opt to have all of your documents emailed to you. The insurance companies save a substantial amount of money on this, which means they’re able to pass on a few of their own savings to you.
If you belong to AAA Car Insurance or another professional organization, you might qualify for a few discounts on your insurance policy. Not all companies offer this to all professional organizations, but you should ask to see if you qualify.
Work on Your Credit
One thing many consumers fail to realize is their credit plays a large role in the insurance rates they pay. Insurance companies take a risk on all the people they work with, and they want to know who they are working with. This means they run your credit and base your premium off your score. If your score is bad, you’ll pay far more. It’s in your best interest to get your financial situation together and begin working on your credit score.
Finding an affordable car insurance policy in Illinois isn’t as difficult as it seems, but you have more options than you realize. Take the time to search for the best policy, and remember the best policy is not always the one that comes with the cheapest price tag in terms of coverage and future financial stability.
Types of Auto Insurance Coverage in Illinois:
- Comprehensive Insurance Coverage
- Bodily Injury Liability Insurance
- Uninsured/Underinsured Motorist Bodily Injury Insurance
- Uninsured Motorist Property Damage Insurance
- Property Damage Liability Insurance
Minimum Requirements For Car Insurance in Illinois
There are minimum requirements for car insurance in the state of Illinois. According to the Illinois Department of Insurance, it is mandatory to have at least liability coverage as well as uninsured/underinsured motorist coverage.
Liability Coverage minimums for the state of Illinois:
- 20,000 per single bodily injury or death
- $40,000 per multiple bodily injury or deaths
- $15,000 for property damage
- $20,000 per person for uninsured motorists
- $40,000 per accident for uninsured motorists
Cheap Auto Insurance Discounts
CheapAutoInsurance.co was established to help drivers in Illinois and nationwide to find the best auto insurance quotes online and discounts available. With the car insurance discounts listed below, you can find a way to save even more on your auto insurance premiums each month.
- Anti-theft discount
- Mature driver discount
- Military or Veteran discount
- Bundling insurance policies discount
- Senior citizen discount
- Car safety features discount
- Good student discount
- Defensive driving discount
- Low-mileage discount
- Multi-car auto insurance discount
- Infrequent usage discount
General Illinois Car Insurance
This section covers the basic information you need to know about Illinois car insurance. Use it to get a good understanding so you can move on to more specific questions.
How does car insurance work in Illinois?
What does minimum auto insurance cover in Illinois?
When I should get an auto insurance in Illinois?
If a student has Illinois insurance and goes to college in Denver what must they do for car insurance?
When does an Illinois auto insurance policy go into effect?
How to get car insurance in Illinois?
What do I need to get car insurance Illinois?
Illinois Car Insurance Laws
There are lots of different laws that regulate car insurance, and they’re different in every state. This section answers your questions about the different car insurance laws in Illinois.
What is the minimum car insurance in Illinois?
If you buy a car how long do you have to buy insurance for it in Illinois?
How long do you have to buy car insurance for a used car in Illinois?
What do you need for car insurance with a DUI Illinois?
When did car insurance become mandatory in Illinois?
How to self- insurance a car in Illinois?
How to cancel auto insurance Illinois?
What is the Illinois minimum liability auto insurance?
What is the Illinois grace period for insurance when buying a car?
When must you have proof of car insurance in Illinois?
How to post a bond for auto insurance coverage in Illinois?
What happens in Illinois when you get rid of your car insurance?
When does a teen need car insurance in Illinois?
What happens if you get pulled over with no car insurance in Illinois?
How long to transfer auto insurance in Illinois?
How old do you have to be to get your own car insurance in Illinois?
How much is the fine for no car insurance in Illinois?
Does Illinois require motorcycle insurance?
Illinois Car Insurance Prices
Anytime people think about car insurance they think about car insurance prices. This section answers popular questions about car insurance prices in Illinois.
Why is high risk auto insurance so expensive in Illinois?
How much is a car insurance per month Illinois?
How much is car insurance in Illinois?
Who has the cheapest car insurance in Illinois?
How much is car insurance for a 16-year-old in Illinois?
Does Illinois car insurance decrease when child goes from high school to college?
How much car insurance cost a year in Illinois?
What zip codes qualify for Illinois reduced auto insurance rate?
What is the cheapest Illinois auto insurance company for someone under 25?
How much is auto liability insurance for a 19-year-old girl in Illinois?
Who has the cheapest car insurance for a 25-year-old female in Illinois?
How much is car insurance for a 20-year-old male in Illinois?
Where to buy car insurance in Illinois?
How much is car insurance for teenage drivers Illinois?
What does car insurance cost in Illinois?
How much is it to add another car to insurance in Illinois?
Can I transfer my SR22 insurance from Colorado to Illinois?
Illinois Car Insurance Claims and Coverage
While we hope you never need to use your car insurance, you may have to. This section answers questions about car insurance claims and coverage in Illinois.
In the state of Illinois who is responsible for insurance owner of car or person driving?
How long can an insurance company legally take to repair my car in Illinois?
What to do in Illinois if you do not have car insurance and got into an accident?
What are auto insurance companies who insure Illinois Uber drivers?
Other Illinois Car Insurance Questions
There are lots of different questions about Illinois car insurance. This section answers the questions that don’t fit into our other categories.