How to Find the Most Affordable Car Insurance in Illinois

Fran
Lucy Lazarony
June 29, 2020

Looking for affordable insurance in the state of Illinois? You won’t have to look far. Auto insurance rates in Illinois are lower than the national average, which makes driving around the Prairie State an affordable pleasure. But who doesn’t want to save even more money? There are all sorts of ways to save money on car insurance and SmartFinanical will show you how. But first we will take a closer look at auto insurance rates in Illinois.

Low Insurance Rates

The average car insurance rate in Illinois is $1,120 annually, about 22 percent less than the national average. This is an affordable amount for Illinois drivers and one that drivers in more expensive states envy. You'll pay a bit more if you add collision and comprehensive, which will cover damages to your car if you're in an at-fault accident or if your car is stolen or vandalized.

State Insurance Requirements in Illinois

Liability insurance helps pay for the other person’s expenses if you are at fault in an accident. All states have minimum liability insurance requirements for the drivers in their states.

The state required minimum liability insurance in Illinois is $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident and $20,000 property damage liability per accident. For minimum required coverage in Illinois you’ll owe an average of $484 annually. This cost is cheaper than the U.S. average by 26 percent.

The state of Illinois also requires drivers to purchase uninsured and underinsured motorist coverage. This coverage protects insured drivers from drivers who are driving without car insurance or only minimal insurance. The uninsured and underinsured motorist coverage required in the state of Illinois is bodily injury $25,000 per person and bodily injury $50,000 per accident.

At-fault State for Insurance

Illinois is an at-fault state for auto insurance, which means Illinois drivers are responsible for any damage they cause to another vehicle. Who is at fault in an accident is determined by an insurance adjuster.

Lowest and Highest Insurance Rates

The cheapest car insurance in Illinois is found in Champaign and the most expensive car insurance is found in Cicero. Champaign is located in central Illinois and Cicero is a suburb of Chicago.

How to Save Money on Car Insurance

Want to see your car insurance go even lower in Illinois? Here are some easy things you can do to get your auto premium lower.

Bundle your insurance. Bundle your auto insurance with another insurance policy such as a homeowners or renters policy and you will save money on your car insurance.

Insure more than one car. Insure multiple vehicles with the same auto insurance company and you will save money on your premiums.

Pay once or twice a year. Rather than paying monthly for auto insurance bills, pay the entire amount once a year or make twice a year payments. Your premium is lower when you pay once or twice a year. Customers paying monthly on their insurance bills pay more.

Be a safe driver. Keeping a clean driving record lowers your auto insurance. So be a good and safe driver with no at-fault accidents, speeding tickets, DUIs or moving violations and you’ll save money on insurance. Been a good driver? Be sure to ask for a discount from your auto insurance company. You’ve earned it.

Get safety features. Having certain anti-theft or safety features on your car will lower your car insurance. So be sure to check with your insurance company about the anti-theft and safety features on your car. It could save you money.

Check your memberships. Members of certain professional organizations and affiliate groups get discounts on their car insurance. So check the memberships in your wallet and see what kind of savings you can find.

Keep mileage low. Are you a heavy commuter? You’ll pay more in car insurance. But if you are a low mileage driver you’ll pay less. So drive less and pay less for insurance.

Stay insured. Maintain your insurance coverage. You’ll pay higher insurance rates if you don’t maintain continuous coverage of your auto insurance.

Choose a high deductible. A deductible is the amount you pay out of your own pocket when making a claim. Choosing a high deductible will lower your premium. Just make sure you have the money for the deductible set aside in a bank account, some place where you won’t touch it. That way the money will be there should you need it to make a claim on your auto insurance.

Build a good credit score. Good credit means good insurance rates. Insurance companies in Illinois use credit information to assign customers to risk pools and to determine premium rates. So be good with your credit. Pay your bills on-time each and every month and keep debt levels low.

Shop around. Shopping around for auto insurance rates may be the best way to save money. You’ll want to get quotes from several insurance companies. SmartFinancial makes it easy to do. Just enter the type of insurance you are looking for and a zip code to get started. Answer a few quick questions and you’ll be comparing auto insurance rates in Illinois in no time.

SmartFinancial has access to more than 200 insurance companies so you are bound to find the insurance coverage at the price that you want. Attention auto insurance shoppers in the Prairie State, you already enjoy good insurance rates. Make those insurance rates even better by being a smart shopper. Your wallet will thank you.

Get a Free Auto Insurance Quote Online Now.

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