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Best Car Insurance In Illinois
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Illinois requires all drivers to have car insurance, but it can be expensive. The average driver can expect to pay more than $2,000 a year in premiums, but you can significantly reduce costs by choosing the right Illinois auto insurance. The following are the best options for some common driver profiles.
Female drivers with clean records pay $1,807 a year for Illinois auto insurance, while men pay $1,839 a year. It was based on profiles of 35-year-old male and female drivers with no history of speeding or accidents.
Farmers offer insurance for female drivers at an average of $1,079 per year, while male drivers pay $1,043 per year.
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Farmers also offer the cheapest auto insurance for Illinois drivers. The average premium is $1,425 per year, $1,000 less than the state average of $2,562 for drivers.
Drivers with one speeding ticket pay $2,333 a year for auto insurance in Illinois. But those who go with farmers pay about $1,301 per year.
Young drivers pay about $4,850 per year for auto insurance in Illinois. This is based on the profile of an 18-year-old male driver with a clean record. But teens and young drivers who choose COUNTRY Financial can get coverage for an average of $2,306 a year.
Geico offers the cheapest auto insurance in Illinois at an average of $831 per year for senior drivers. That's about half the state average of $1,616 per year.
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The average cost of low-cost auto insurance in Illinois is US$627 per year. But drivers traveling with farmers can get this insurance for as little as $362 a year.
Drivers with poor credit pay an average of $2,954 for auto insurance in Illinois. But COUNTRY Financial only charges a $1,666 annual premium from this driver.
"How Much Does Car Insurance Cost in Illinois?" This is a topic that many search for, but there is no simple answer. Prices vary significantly depending on the driver in question, their vehicle, location in the state, and more.
But if you want a ballpark, Illinois drivers pay an average of $2,183 a year. That's 19% below the $2,646 per year average.
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Looking at fares for different driver profiles, Illinois typically falls below the national average, with younger drivers seeing 21% lower fares, and disabled drivers in Illinois paying 20% less than similar drivers nationwide.
Like most states, Illinois is an auto insurance state. This means that the driver found guilty in an accident involving two or more vehicles must pay the vehicle repair and medical expenses for all parties involved. This can be expensive, quickly exceeding the state's minimum coverage in a serious accident.
Drivers must also carry at least $20,000 in property damage liability coverage. This is slightly lower than what many other states require.
According to the Insurance Information Institute, nearly 19,000 vehicles were stolen in Illinois in 2019. This is the ninth highest rate in the nation. State minimum insurance cannot cover the driver in this situation. They should include comprehensive coverage that pays for damages caused by theft, animal collisions, vandalism and weather damage.
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Drivers who cause accidents cannot get help from their insurance company when it comes to repairing their car unless they have collision coverage on their policy. Lenders often charge drivers by leasing or taking out loans on their cars. It's not a bad idea to include uninsured and uninsured motorists as well. This protects the driver if they are hit by another uninsured driver or if they do not have sufficient coverage to pay the full cost of the accident.
Kaylee Hagen has been writing about small business and finance for nearly 10 years, and her work has appeared in USA Today, CNN Money, Fox Business, and MSN Money. It specializes in personal and business bank accounts and software for small and medium-sized businesses. She lives on a farm in northern Wisconsin with her husband and three dogs.
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The information found on this page is a combination of publicly available quote data obtained directly from the operator, as well as insurance rate data from Quadrant Information Services. These rates are publicly obtained from the top ten (10) to fifteen (15) carrier markets in each state, are based on annual written premiums, and should be used for comparative purposes only - your offer may vary.
Ascent is a Motley Fool service that assesses and reviews products for your everyday cash needs. The average minimum auto insurance in Chicago costs around $1,198, with the cheapest insurance company, State Farm, offering prices as low as $716.
The difference between the cheapest and most expensive insurance companies for minimum policies is over $1,600, which shows how important it is to weigh all your options.
More than 2 million people call Chicago home, and millions more commute to the "Windly City" every day. With driving came auto insurance, and many Chicagoans had to buy or renew a policy every six months. Finding the best deal can take time, and it can be difficult to know where to start your search. Keep in mind that prices can vary by hundreds or thousands of dollars depending on your background and store.
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Chicago is the largest city in the state of Illinois and the third most populous city in the nation. Not surprisingly, the city's insurance rates are higher than the state average. In fact, insurance rates in Chicago are $320 more per year than the state average.
State Farm is the most affordable insurance provider at an annual rate of $716. Another option worth considering is Country Financial, which costs $838 per year.
Current and former military personnel and their families can choose to accept offers from the USAA, which is the least expensive option, at just $556 per year, or about $46 per month. The company also has a reputation for great customer service and discounts on car storage.
The cheapest insurance policy is the minimum insurance policy required to legally drive in Illinois (aka the minimum insurance policy). State Farm has the best rates for drivers looking for a minimum policy, but keep in mind that your driving history and profile can differ greatly from what is listed above and can shape the value of your offer.
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State Farm not only has the cheapest minimum policy, but also the cheapest full coverage policy. Progressive has the second cheapest comprehensive coverage policy, but may not be the best alternative to State Farm, as it costs $648 more on average.
Former and current members of the military should look to the USAA for policy deals because companies are generally the cheapest.
Most drivers in Illinois have comprehensive insurance. Comprehensive coverage protects you from damage caused by "acts of God" or events beyond your control. Some examples include:
Collision coverage is what you rely on when you hit a vehicle or other object. Most car accidents are subject to collision coverage guidelines. For example, it will ensure you that:
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Comprehensive coverage and crash designed to protect your vehicle
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