If you’re looking for the cheapest car insurance in Illinois, finding the best price can be a challenge. Your insurance rates can vary by hundreds of dollars per year, which is why comparing insurance quotes from a variety of companies is crucial.
Insured ASAP works with dozens of Illinois car insurance companies to provide low cost car insurance and SR22 filing. We’ve analyzed multiple drivers and situations to help you find the cheapest car insurance options.
But first, let us help you understand by telling you how car insurance companies in Illinois determine your monthly rates.
How Does an Insurance Company Determine Your Rate?
Insurance companies don’t make up prices based on your good looks or whether they like you or not. So many factors go into calculating a car insurance rate, including a driver’s age, credit, motor vehicle record, past insurance history, type of vehicle, and even your zip code.
Let’s take a look at some details of the different factors that go into determining your car insurance rate, and why they should matter to you.
This may seem like common sense to some, and a new fact to others. A driver’s age has a large impact on the insurance rate they pay. Illinois insurance companies use your age as a general measure of driving experience and accident risk.
Younger drivers equal less driving experience, which leads to a higher chance of an auto accident.
The same applies to older drivers. Older drivers may have years of driving experience, but Illinois car insurance companies typically view senior drivers as a higher-risk driver.
Your Credit Score
In Illinois, auto insurance companies are allowed to use a credit-based auto insurance score when rating your premium. Negative credit factors such as late payments, high credit utilization and collections can be perceived as a risky customer in the eyes of an insurance company.
It is important to note that not all Illinois insurance companies use credit to determine your car insurance premiums, but the majority do.
Your Driving Record
If you’re a driver with multiple traffic violations or accidents, your insurance rates increase. A history of car poor or risky driving tells an insurance company there is a high likelihood they will have to pay another claim. A driver’s motor vehicle record is another factor that plays a large role in calculating a car insurance premium.
Your Past Car Insurance History
Based on just the last few points discussed, it’s clear that Illinois car insurance companies like to see responsible drivers, and usually offer those the lowest rates.
Your past insurance history illustrates financial responsibility and a responsible driver – and insurance companies love responsible drivers.
The type of vehicle you drive also has a large impact on your car insurance payments. Sports cars and high-value vehicles are obviously more expensive to insure than a family minivan for example. Cars that score well in national crash tests typically come with lower insurance rates as well.
Your Zip Code
Your Illinois zip code has a size-able impact on your car insurance rates as well. High population areas tend to have a high number of auto accidents. Even the best drivers are more likely to be involved in an auto accident in certain Illinois neighborhoods.
Illinois insurance companies also look at a zip code’s crime rate to determine the probability of a crime related auto loss, such as theft or even vandalism.
As you can tell, Illinois insurance companies use multiple factors when trying to determine your car insurance premiums. So based on the above, where do you fall?
So How Do You Get Cheap Car Insurance in Illinois?
So by now, you know that Illinois insurance companies use multiple variables when deciding how much to charge you for car insurance.
What if you’re a young driver, no car insurance history, poor credit or have a ticket or two? How do you get cheap car insurance in Illinois? Here are a few ways we’re able to help drivers get the cheapest car insurance in Illinois.
Choose Your Coverage
If you originally bought your car insurance without too much research, take a look at your policy declarations page and your coverages. In Illinois, the minimum liability limits mandated by law are:
- $25,000 liability bodily injury (per person)
- $50,000 liability bodily injury (per accident)
- $20,000 liability property damage (per accident)
In some cases, it may not be a good idea to decrease your liability coverage. Decreasing your liability limits should be a last resort in your attempt to find cheap car insurance in Illinois. But, you’ll be glad to know there may be other coverages that can be tweaked to save you some money on your monthly car insurance rates.
Increasing your collision and/or comprehensive deductibles prove to be some of the most effective ways to lower your car insurance rates. Further, there may be add-ons that you don’t necessarily need. This may include roadside assistance, rental car coverage, etc.
Ask for Discounts
Depending on the insurance company, numerous discounts exist for drivers looking for cheap car insurance. The amount varies but the following discounts can save you between 5-40%! Some of these discounts include:
- Multi-Car discount — Insuring multiple cars on one policy can help save as much as 40%.
- Paid-in-Full Discount — Paying your insurance for a full six months can lower your rates and help save you big bucks.
- EFT Discount — Many carriers offer an Electronic Funds Transfer discount and help lower your monthly payments but up to $12 by just setting up automatic payments.
- Anti-theft Discount — Most insurance companies offer discounts if your vehicle has an alarm installed.
- Homeowners Discount — If you own a home, mobile home or condo, you’ll be surprised to learn that many insurance companies will offer you a discount.
- Multi-Policy Discount — Bundling your auto and homeowners or renters insurance with the same company allows for great discounts as well, up to 20%.
Compare Insurance Quotes
Searching and comparing car insurance rates can seem like an inconvenience and too time consuming for many drivers. What many fail to realize is that life events happen and circumstances shift very frequently.
Get married recently? Married drivers are considered more responsible drivers thus get lower rates compared to to those who are not. Or maybe you changed your address and moved to a new home or apartment that comes with lower insurance rates.
But just because you haven’t made a huge life change, like tying the knot or moving to the suburbs, doesn’t mean that you should still be paying high car insurance rates.
Like in all aspects of life, with time, things change. While certain instances may not seem like significant occasions, they do provide huge benefits to lowering your car insurance in Illinois. Some examples of when time may improve your car insurance rates include:
- You develop past insurance history
- Your credit improves as payment history is added
- Any negative traffic violations fall off your driving record
- You age and turn one or two years older
It’s clear to see that in some cases, time can be on your side.
Cheapest Car Insurance in Illinois
With so many factors that go into determining your monthly car insurance cost in Illinois, it’s tough to say what the cheapest car insurance can be.
Because Insured ASAP has quoted and issued thousands of Illinois drivers, we have a good idea as to what the cheapest car insurance can possibly be. Some of our Illinois clients currently pay as low as $26.34 per month for basic liability car insurance.
This liability rate is based on minimum state liability limits, favorable rating details. Someone who fits this criteria is middle aged, married, prior insurance history with no lapse in coverage, with a clean motor vehicle record and includes a paid in full discount among favorable conditions.
How You Can Find The Cheapest Car Insurance in Illinois
Finding the cheapest car insurance is not as difficult as you may think. There are many ways a driver can find affordable liability coverage in Illinois. And with today’s available technology, finding the cheapest car insurance in Illinois quotes online has never been easier.
Illinois Car Insurance Calculator
Using a car insurance calculator is the easiest way to find insurance coverage that fits your budget. A car insurance calculator can help give you an idea of your monthly car insurance costs.
Cheapest Car Insurance in Illinois Quotes
If starting an online car insurance quote is too confusing, Insured ASAP has many local Illinois agents to help provide you with an easy car insurance quote.
Insured ASAP has helped drivers in Aurora, Chicago, Joliet, Elgin, Rockford, and throughout Illinois obtain the cheapest car insurance around.
Contact us today at (800) 641-7488 for a 3-min car insurance quote.
Save up to 38% online. Get a FREE quote now!
Bridgeview, IL 60455
Monday: 9:00 am – 5:00 pm
Tuesday: 9:00 am – 5:00 pm
Wed.: 9:00 am – 5:00 pm
Thursday: 9:00 am – 5:00 pm
Friday: 9:00 am – 5:00 pm
Saturday: 10:00 am – 3:00 pm