Cheap Auto Insurance in Illinois for 2024 (Top 10 Low-Cost Companies)

The cheapest car insurance in Illinois is provided by Geico, which has a most affordable monthly premium of $18.

Other cheap and reliable providers are State Farm and Liberty Mutual. Geico is famous for providing bargains, hence most suited for a tight-budgeted consumer. Another area for saving involves car insurance discounts.

Our Top 10 Company Picks: Cheap Auto Insurance in Illinois

State Farm features a robust network of local agents to get you the best, personalized service on claims, while Liberty Mutual offers valuable discount packages that help reduce policyholders’ rates even further. Start saving on your auto insurance by entering your ZIP code above and comparing quotes.

#1 – Geico: Top Pick Overall

Pros

• Low-Cost Premiums for Illinois Drivers: Geico comes with the lowest mean price of $18 per month in Illinois car insurance.
• Excellent Financial Strength: Geico boasts a well-known rating of A++ from A.M. Delve into the depths of our Geico auto insurance review for additional insights.
• Several Discounts: Geico offers various discounts on car insurance Norridge residents can take advantage of, such as multi-vehicle and safe driver discounts in Illinois.

Cons

• Limited Local Agent Network: Fewer local agents have Geico in Illinois, and this may not be appealing for those looking for face-to-face service.
• Exploring Your Car Insurance Options: Geico offers limited options compared to other providers, but for the best car insurance in Illinois, it’s worth comparing coverage and rates from different insurers.

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#2 – State Farm: Best for Local Presence

Pros

• Strong Local Presence in Illinois: State Farm has a significant number of local agents that would most likely be ideal for Illinois drivers who prefer personal attention.
• Solid Customer Service Reputation: State Farm has a reputation for reliable customer service and claims handling with regard to auto insurance in Illinois.
• State Farm offers several add-on coverage options: including roadside assistance and rental car reimbursement. If you’re comparing car insurance rates Berwyn IL, these options provide added protection.

Cons

• Slightly More Monthly Premiums: The state average rate for State Farm is $25 a month, which might push Geico a notch higher. Explore further in our article titled State Farm auto insurance review.
• Lower Financial Rating: State Farm has received a B rating from A.M. Best, meaning its financial stability is lower than that of other providers in Illinois, which can compromise on the best Illinois auto insurance.

#3 – Liberty Mutual: Best for Discount Options

Pros

• Extensive Discount Options for Illinois Drivers: Liberty Mutual offers discounts such as bundling and good student discounts in Illinois.
• Strong Financial Rating: Liberty Mutual holds an A rating from A.M. Best, assuring Illinois drivers of its financial reliability.
• Customizable Coverage Packages: Liberty Mutual provides flexible options, including new car replacement and roadside assistance, for Illinois residents.

Cons

• Higher Monthly Premiums Compared to Competitors: Liberty Mutual’s rates average $29 per month, which is higher than Geico and State Farm for Illinois drivers.
• Limited Local Agent Availability: Liberty Mutual has fewer agents offering car insurance in Illinois compared to competitors like State Farm. Obtain further insights from our Liberty mutual auto insurance review.

#4 – Travelers: Best for Competitive Rates

Pros

• Competitive Monthly Rates for Illinois Car Insurance: Travelers offers competitive car insurance rates in Illinois, averaging $33 per month. Rates depend on driving history, vehicle type, and coverage level.
• Excellent Financial Strength: Travelers’ A++ rating from A.M. Best assures Illinois drivers of its ability to handle claims.
• Robust Coverage Options: Travelers provides additional coverage options, such as gap insurance and accident forgiveness, for Illinois drivers.

Cons

• Higher Premiums than Some Competitors: Travelers’ monthly premium is $33, which is more expensive than Geico’s rates in Illinois.
• Fewer Discounts Available: Travelers offers fewer discount opportunities compared to other insurers for Illinois drivers. Look at our Travelers auto insurance review for expanded insights.

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#5 – Progressive: Best for Flexible Coverage

Pros

• Flexible Coverage Choices for Illinois Drivers: Progressive offers add-ons such as pet injury and custom parts coverage to meet Illinoisans’ varied needs.
• User-Friendly Digital Tools: Progressive’s app and online tools simplify policy management for drivers in Illinois, offering easy access to affordable options like cheap car insurance Bloomington IL.
• Snapshot Program for Lower Rates: The rewards safe Illinois drivers through its Progressive snapshot program review, potentially lowering premiums for policyholders who practice safe driving.

Cons

• Moderately High Monthly Rates: Progressive’s average monthly premium of $34 is higher than some competitors for Illinois residents.
• Fewer Local Agents in Illinois: Progressive has a smaller network of local agents in Illinois compared to State Farm. Look at our Progressive auto insurance review for expanded insights.

#6 – Nationwide: Best for Broad Coverage

Pros

• Broad Coverage Options for Illinois Residents: Nationwide provides comprehensive and collision coverage, including accident forgiveness and vanishing deductible, for Illinois drivers.
• Highly Rated for Financial Stability: Nationwide holds an A+ rating with A.M. Best, which affirms sound strength for Illinois residents.
• Multi-Policy Discount: Illinois residents can save on premiums by bundling auto insurance with home or other policies with Nationwide.

Cons

• Higher Monthly Premiums than Some Competitors: At $36 per month, Nationwide’s premiums are higher than those of Geico for Illinois drivers.
• Limited Agent Network in Illinois: Nationwide may not have as many local agents in Illinois as some other providers like State Farm. Gain deeper insights by exploring our Nationwide auto insurance review.

#7 – Amica: Best for Dividend Payments

Pros

• Dividend Policy Options for Illinois Drivers: Amica offers dividend policies that pay back a portion of premiums to Illinois residents.
• Strong Customer Satisfaction: Amica is known for excellent customer service and claims support for Illinois drivers.
• High Financial Rating: Amica’s A+ rating from A.M. Best guarantees Illinois residents that the company has strong financial stability, making it a reliable choice for auto insurance in Illinois.

Cons

• Higher Monthly Premiums: Amica’s average monthly premium of $38 is higher than that of other Illinois insurers like Geico.
• Limited Local Agent Support: Amica has fewer local agents in Illinois, which may not meet the needs of some drivers. Delve into the depths of our Amica auto insurance review for additional insights

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#8 – American Family: Best for Strong Discounts

Pros

• Strong Discount Programs for Illinois Residents: American Family offers discounts like safe driver discounts for Illinois drivers.
• Highly Rated Financial Stability: American Family’s A rating from A.M. Best assures Illinois drivers of its financial strength.
• Usage-Based Insurance Options: American Family KnowYourDrive program review shows that Illinois car insurance drivers can reduce their rates based on safe driving, appealing to policyholders looking for behavior-based discounts.

Cons

• Higher Monthly Premiums: At $43 per month, American Family’s premiums are higher than some other providers for Illinois drivers. Find out more by reading our American Family auto insurance review.
• Limited Digital Tools for Policy Management: American Family’s online tools are less robust than competitors for Illinois residents who prefer digital management.

#9 – Farmers: Best for Custom Policies

Pros

• Customizable Coverage for Illinois Drivers: Farmers provide many customizable policies to fit any Illinois citizen’s needs.
• Good Customer Service: Illinois drivers seeking auto insurance in Lakemoor can count on Farmers for reliable claims support and responsive customer service assistance.
• Available Bundling Discounts: Farmers offer discounts for bundling auto with other policies, benefiting Illinois residents looking for savings.

Cons

• Higher Average Monthly Rates: Farmers auto insurance review at $45 per month, Farmers’ rates are higher than those of many other Illinois insurers.
• Limited Local Agent Network: Farmers have fewer agents in Illinois than providers like State Farm. This can affect your search for auto insurance Bolingbrook IL.

#10 – Allstate: Best for Safe Driver Discounts

Pros

• Safe Driver Discounts for Illinois Residents: Allstate provides safe driver discounts to help Illinois residents in Berwyn, IL, lower their auto insurance rates when they maintain a clean driving record.
• High Financial Stability Rating: Allstate holds an A+ rating from A.M. Best, ensuring Illinois drivers that claims will be handled reliably.
• Comprehensive Coverage Options: Allstate Insurance Lakemoor offers Illinois drivers a range of coverage choices, including features like new car replacement and accident forgiveness.

Cons

• Significantly Higher Premiums than Competitors: At $67 per month, Allstate’s rates are much higher than other providers for Illinois drivers.
• Fewer Discounts Compared to Competitors: Allstate offers fewer discount opportunities than other Illinois insurance providers.

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Illinois Car Insurance Coverage and Rates

When shopping for car insurance in Illinois, it’s essential to understand the average cost of car insurance in Illinois and whether you need comprehensive and collision coverage. Minimum coverage generally is only the legal liability for your bodily injury or property damages. Full coverage gives more coverage features such as damage from comprehensive and collision to your vehicle.

Illinois Auto Insurance Monthly Rates by Provider & Coverage Level

Obviously, the rates also vary; Geico provides the minimum coverage at $18 a month, and some others, such as Allstate, get $67. On the basis of full coverage, the prices differ between $47 and $176.

The way to get the best car insurance Illinois offers is to start with criteria such as driving history, type of vehicle, age, and location. A car insurance policy is usually higher for younger drivers, especially males, while those who have clean records have low rates. Accident forgiveness is also offered in an insurance plan that ensures your first accident will not be deterred from the premium.

You can also look into bundling policies, increasing your deductible, or taking advantage of available discounts to cut your costs. Also, comparing quotes from various providers will help in narrowing it down to get the best price for the requirements, which can be as low as the minimum insurance required by Illinois state law or more extensive protection like comprehensive and collision coverage.

Illinois’ Minimum Coverage

In Illinois, auto insurance is a legal requirement due to the state’s “fault” system, where the driver at fault must cover the costs of injuries and property damage. The minimum car insurance requirements in Illinois are $25,000 for injury or death to one person, $50,000 for multiple injuries or deaths, and $20,000 for property damage.

Additionally, uninsured motorist (UM) coverage is required to match the liability limits, providing protection if you are in an accident with an uninsured driver who is at fault. While liability coverage meets the state’s minimum requirements, it doesn’t cover your own vehicle or injuries if you’re responsible for the accident. For that, optional comprehensive or collision coverage is available to cover vehicle damage and medical costs.

The average car insurance cost in Illinois varies, but Geico is often recommended for its affordable rates, starting as low as $18 per month. Explore your auto insurance options by entering your ZIP code into our free comparison tool below today.

Best Illinois Car Insurance Companies

It is quite difficult to pick the best car insurance companies in Illinois because they all come with such a long list of options available. Be it a larger, more popular national carrier or a local company, each offers very different discounts that can lower your premium. Many of the leading firms – Allstate and American Family among them – offer reductions for safe drivers, good students, and folks who bundle policies.

Auto Insurance Discounts From the Top Providers in Illinois

Liberty Mutual and State Farm provide these discounts for new cars, anti-theft devices, and multi-vehicle policies. Always compare auto insurance companies with those available discounts. Premium rates for Illinois auto insurance can indeed be very different among companies.

Illinois Auto Insurance Monthly Rates by Provider

If you’re specifically searching for car insurance Cahokia, it’s essential to research and compare local providers to find the most suitable and affordable coverage for your needs. Find the best auto insurance company near you by entering your ZIP code into our free quote tool below.

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Illinois’ Additional Liability Coverage

In Illinois, liability coverage is at least the only requirement; however, more coverage is worth it to have it as protection when accidents come about. There is a random statistical probability, and around 13.3% of Illinois drivers are uninsured or underinsured, so you can be sure you will run across another driver who doesn’t have enough coverage.

Geico offers the best value for Illinois drivers, with rates starting as low as $18 per month for minimum coverage.

Uninsured motorist coverage is automatically included with liability insurance in Illinois, but underinsured motorist coverage is optional. This extra coverage is particularly useful when the at-fault driver’s insurance doesn’t fully cover the damages or injuries.

When evaluating car insurance providers, it’s important to understand the “loss ratio,” a key indicator of an insurer’s financial health.The loss ratio shows the percentage portion of premiums that an insurance company pays in claims.

It thus allows you to know whether to anticipate getting your claims. Those companies that have a loss ratio over 100% pay off a higher number of claims in absolute terms but should not be too sound financially. Conversely,  companies that have a lower than 100% are better financially sound, though they may not clear all your expenses if such an accident were to happen.

Illinois Additional Liability Coverage

When considering factors that affect your car insurance premium, it’s also wise to look into the company’s loss ratio. For instance, in Illinois, Uninsured/Underinsured Motorist loss ratios do differ; the claim payout variance among insurers is thus quite evident. Whether you’re seeking coverage in Chicago or car insurance Rantoul, these factors can influence your decision and impact your overall insurance costs.

Find the Cheapest Insurance in Illinois Cities

Finding affordable auto insurance in Illinois is crucial for securing the right coverage at competitive rates. Since insurance premiums differ between cities, it’s important to understand how local factors can influence your costs.

Whether you live in Chicago or in some other small town like Braidwood, this can help you discover the best deal on your car insurance.

• Consider Local Factors: Insurance premiums can vary depending on factors such as location, traffic density, and accident rates. It’s important to take these local elements into account when shopping for coverage in your area.
• Choose Your City: Select your city to compare the average insurance rates and find out what options are available where you live. For example, car insurance Braidwood may differ from that in larger cities.
• Review Average Rates: Once you’ve chosen your city, review the average auto insurance rates to understand what you can expect and identify affordable options that meet your needs.
• Select Your Coverage Level: Choose the level of coverage that best suits your needs. For example, automobile liability coverage is less expensive, but full coverage provides more protection at a much higher premium.
• Compare Providers & Secure Coverage: Compare top-rated providers offering competitive rates in your area. Don’t forget to ask about discounts that could help lower your premiums. Once you’ve found the right option, secure your insurance for the best protection.

Now, you can be sure to have affordable and dependable car insurance in Illinois while you are on the road worry-free. From a booming city like Chicago to a relatively quiet place like Peoria, this guide will give you the information to compare rates to obtain the best available deal on car insurance in your location.

Top Affordable Auto Insurance Providers in Illinois

Geico offers the lowest premiums in Illinois, starting at $18 per month for minimum coverage, followed by State Farm with its strong local presence and Liberty Mutual with valuable discount options, including a safe driver discount. Drivers can lower costs further by bundling policies, increasing deductibles, or utilizing available discounts.

Comparing quotes is essential for finding the best value, whether for basic liability or comprehensive coverage in Illinois. Get fast and cheap auto insurance coverage today with our quote comparison tool below.