Best Peoria, IL Auto Insurance in 2024 (Top 10 Companies Ranked)

Get the best Peoria, IL auto insurance, with State Farm, Geico, and Progressive, starting rates at $75 per month.State Farm leads with trusted service, Geico stands out for affordability, and Progressive provides flexible coverage options to fit a range of insurance needs.

Our Top 10 Company Picks: Best Peoria, IL Auto Insurance

Your rate might change depending on things like your driving history, the car you drive, or your credit score—especially if you’re considered a high-risk driver.

By comparing these providers, you’ll be sure to find the best auto insurance for your needs in Peoria, Illinois. Just enter your ZIP code into our free quote tool above to find the perfect coverage near you.

#1 – State Farm: Top Overall Pick

Pros

• Reliable service: Peoria, Illinois residents cite State Farm as one of the best auto insurance providers in their state. To find their best deals, check out the State Farm auto insurance review.
• Affordable Rates: State Farm offers competitive rates starting at $101 for minimum coverage for Peoria, IL drivers.
• Bundling Discount: State Farm gives up to a 17% discount for bundling multiple policies, which is a great way for Peoria insurance policyholders to save more.

Cons

• Limited Multi-Policy Discount: The multi-policy discount may not be as generous as some competitors for Peoria car insurance.
• Higher Premiums for Full Coverage: While State Farm provides discounts, their premiums for comprehensive coverage may still be relatively higher for some Peoria, Illinois drivers.

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#2 – Geico: Best for Affordable Rates

Pros

• Low Rates: Geico is one of the best options for affordable car insurance in Peoria, Illinois, with rates starting at just $88 for minimum coverage.
• A++ Rating for Stability: Geico’s A++ rating from A.M. Best means that Peoria, Illinois, auto insurance customers can trust their financial stability.
• Extensive Discounts: With discounts for military, good drivers, and multi-policy, Geico is a great choice for Peoria, IL policyholders looking to save. Refer to our Geico auto insurance review

Cons

• Limited Local Agent Support: Geico offers fewer local agents, which might be a disadvantage for Peoria, IL, drivers who prefer personal interaction.
• Not Always the Best for Full Coverage: Full coverage premiums from Geico can be higher compared to some other providers in Peoria, Illinois.

#3 – Progressive: Best for Flexible Coverage

Pros

• Flexible Coverage: When it comes to car insurance in Peoria, IL, Progressive is no doubt one of the providers that gives you the freedom to pick aboard at least the most suitable coverage.
• Affordable Rates: Progressive provides competitive pricing, starting at $105 per month for minimum coverage in Peoria, Illinois.
• Snapshot Program: Progressive’s Snapshot program helps drivers in Peoria, Illinois, save based on their driving habits. Take a look at our Progressive auto insurance review.

Cons

• Higher Rates for High-Risk Drivers: Peoria insurance buyers with a history of accidents may face higher rates with Progressive than other providers.
• Claims Process Can Be Slow: Some users in Peoria, IL, report that the claims process with Progressive can take longer than expected.

#4 – Allstate: Best for Comprehensive Options

Pros

• Comprehensive Options: Allstate provides extensive coverage choices, which is ideal for Peoria, Illinois policyholders looking for robust protection.
• Discounts Up to 25%: Allstate offers a discount of up to 25% on policies. It can be combined with some other policies which is a great deal for Peoria, Illinois, drivers.
• Proven Customer Satisfaction: Allstate consistently ranks high for customer satisfaction, offering excellent service to car insurance policyholders in Peoria, IL.

Cons

• Higher Full Coverage Rates: Allstate’s premiums for full coverage can start at $175, which might be a bit higher for some Peoria drivers. Visit our Allstate auto insurance review  for more info.
• Limited Discounts for Young Drivers: Allstate’s discounts for younger drivers may not be as extensive as those of other Peoria, IL auto insurance companies.

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#5 – Erie: Best for Customer Satisfaction

Pros

• Customer Satisfaction: Because they do a stellar job of managing their interactions with their customer it is clear that Erie is the go-to for drivers in Peoria, IL.
• Affordable Rates: Erie offers budget-friendly premiums, with rates starting at $95 for minimum coverage in Peoria, Illinois. Visit our Erie auto insurance review.
• Bundling Savings: Erie provides savings for multi-policy and safe driver discounts, helping Peoria, IL, drivers reduce their premiums.

Cons

• Availability: Erie may not be available in all areas of Peoria, Illinois, limiting coverage options for some residents.
• Limited Mobile App Features: Erie’s app may not be as feature-rich as other competitors, which could be a downside for tech-savvy Peoria, IL, drivers.

#6 – USAA: Best for Military Families

Pros

• Military Families: USAA is an excellent choice for Peoria, IL, drivers who are military families, offering exclusive benefits and great rates.
• Extremely Low Rates: USAA offers the lowest premiums in Peoria, Illinois, with rates starting as low as $75 for minimum coverage.
• Excellent Customer Service: Known for outstanding customer service, USAA is a top pick for military families in Peoria, IL. Check out our USAA auto insurance review.

Cons

• Only Available to Military Families: USAA is not open to the general public, meaning only military families can access these low rates in Peoria, IL.
• Limited Coverage Options: Although USAA is great for military families, its coverage options may be more limited compared to other Peoria, IL auto insurance companies.

#7 – Farmers: Best for Personalized Service

Pros

• Personalized Service: Farmers caters to Peoria, IL drivers who need a personal touch and require customized auto insurance coverage.
• Great Bundling Discounts: Farmers offer multi-policy discounts, helping Peoria insurance customers save money through bundling policies.
• Reliable Coverage for Families: Farmers’ family-focused coverage options make it a great choice for Peoria, IL, drivers with multiple vehicles or teen drivers.

Cons

• Higher Premiums for Some Drivers: Drivers with a history of accidents in Peoria, Illinois, may find that Farmers’ premiums are higher than those of competitors.
• Fewer Online Resources: Farmers may not have as many online tools and resources as some other insurers in Peoria, IL. Check out our Farmers auto insurance review for more details.

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#8 – American Family: Best for Family Protection

Pros

• Family Protection: American Family offers a wide variety of coverage options for families in Peoria, Illinois, focusing on comprehensive protection.
• Discounts Up to 25%: With multi-policy and safe driving discounts, American Family helps Peoria, IL, drivers save up to 25% on premiums. Refer to our American Family auto insurance review.
• Affordable Full Coverage: American Family provides affordable full coverage with rates starting at $155 per month for Peoria, Illinois policyholders.

Cons

• Limited Discounts for Young Drivers: Young drivers in Peoria, IL, may receive fewer discounts from American families compared to other providers.
• Higher Minimum Coverage Rates: The starting rate for minimum coverage in Peoria, IL, can be slightly higher at $100 compared to some competitors.

#9 – Liberty Mutual: Best for Coverage Variety

Pros

• Coverage Options: In Peoria, IL, drivers can now choose Liberty Mutual’s tailor-made options, which give them more freedom over their policies.
• Safe Vehicle Discounts: Drivers in Peoria have more reasons to smile. They also get discounts for possessing safe cars, which helps them cut costs even further.
• Affordable Rates: Liberty Mutual is an excellent choice for drivers in Peoria, IL, for efficient and cost-effective insurance. Check out our Liberty Mutual auto insurance review.

Cons

• Limited Local Agent Support: Although Liberty Mutual may offer fewer local agents, this could be a downside for those who live in Peoria, Illinois, and prefer in-person service.
• Higher Premiums for Older Drivers: Older drivers in Peoria, IL may find that Liberty Mutual’s premiums are higher compared to other providers.

#10 – Travelers: Best for Reliable Support

Pros

• Reliable Support: For customers, Travelers is the cornerstone of satisfactory service for all Peoria, Illinois residents who expect an efficient touch.
• Competitive Rates: Travelers provides affordable premiums, with rates starting at $125 for minimum coverage in Peoria, Illinois. Visit our Travelers auto insurance review.
• Discounts for New Cars: Travelers gives discounts for new car owners, making it an attractive choice for Peoria, IL drivers with recent purchases.

Cons

• Higher Full Coverage Premiums: Full coverage from Travelers can start at $185, which may be more expensive compared to other Peoria, IL auto insurance providers.
• Limited Discounts for High-Risk Drivers: Drivers with a history of accidents in Peoria, IL, may not receive as many discounts from Travelers, leading to potentially higher premiums.

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Your Guide to Finding Affordable Auto Insurance in Peoria, IL

If you’re driving around Peoria, Illinois, getting auto insurance is a smart move. It is a necessity, yet it additionally gives that sentiment of peace, recognizing that if anything does happen, you are protected. Whether you’re just starting out or you’ve been driving for years, finding the right insurance can save you money and keep you protected when it counts.

Peoria, IL Auto Insurance Monthly Rates by Provider & Coverage Level

When it comes to auto insurance rates in Peoria, they can vary quite a bit depending on the provider and the type of coverage you need. For example, Geico has some of the lowest rates, starting at just $88 a month for minimum coverage and $140 for full coverage. State Farm is another great option, with rates starting at $101 for minimum coverage and $150 for full coverage.

If you’re part of a military family, USAA offers super affordable rates, starting at only $75 a month for minimum coverage. Shopping around can help you find the best deal.

Auto Insurance Discounts From the Top Providers in Peoria, IL

Who doesn’t love a good discount? Luckily, many auto insurance providers in Peoria offer discounts that can help lower your premium. Allstate gives discounts for multi-policy bundles, safe driver discounts, and even for signing up early. Geico offers discounts for military members, good students, and federal employees.

Providers like Progressive and Farmers reward defensive drivers with lower rates. State Farm also offers discounts for bundling policies or safe vehicle driving. These discounts can really add up, so it’s worth asking about them when you’re getting quotes.

Peoria, IL Minimum Auto Insurance Coverage Requirements

In Peoria, you’ll need to meet Illinois’ minimum auto insurance requirements, which include $20,000 per person and $40,000 per accident for bodily injury liability, plus $15,000 for property damage.

But keep in mind those minimums may not be enough if you get into a serious accident. Adding extra coverage, like collision or uninsured motorists, is a smart way to give yourself a little extra protection.

So, whether you’re looking for low rates, discounts, or the best coverage, there’s no shortage of options for auto insurance in Peoria, IL. Top providers like State Farm, Geico, and Progressive all offer great rates starting as low as $75 a month, plus plenty of ways to save.

The more comparisons you make with various companies and their offers, the faster you will come to the auto insurance that suits you. Curious to learn more? Keep reading to discover what can affect your rates and how you can save even more.

The Cheapest Car Insurance in Peoria, Illinois

Peoria, IL Auto Insurance Monthly Premiums

For cheap car insurance in Peoria, USAA and Geico are your best bets, with USAA at $110 (perfect if you qualify as a military family) and Geico at $120 for everyone else. State Farm, Erie, and Progressive are decent middle-ground options. But if you’re looking at Liberty Mutual or Travelers, get ready to pay more for all the extra bells and whistles.

However, this chart doesn’t reflect things such as customer service or financial stability.

When you’re thinking about switching car insurance companies in Peoria, Illinois, you should consider all facets of the company’s overall performance – not necessarily just the price tag alone.

Getting affordable car insurance can feel like an uphill battle, but with the right resources at your fingertips, you’re already one step ahead. Now that you know how to use our tools to find the best deals, it’s time to dig deeper into how an auto insurance company determines my premium.

Let’s break down the major factors in cheap car insurance in Peoria, Illinois, so you can understand exactly how insurers determine your rates.

Major Factors in Cheap Car Insurance in Peoria, Illinois

Lots of people get confused by how insurance companies calculate their monthly premiums. So, we are going to dismantle the process for you right here and now. Let’s kick things off with the basics—like your ZIP code, where you live, your age, and a few other little details that can make a difference.

Peoria, IL Report Card: Auto Insurance Premiums

Yes, we realize it is difficult or impossible to alter some of these circumstances in your favor. But just knowing about them can give you the leverage you need to negotiate more affordable Peoria, IL, auto insurance.

ZIP Code

As of the most recent surveyed data, the population of Peoria, IL is 115,588 people taking home an average household income a $47,369. This information, along with other things like crime rates and accident statistics, can tell your insurance company how likely you are to get into an accident.

Even if you are the safest driver that has ever existed, bad demographics mean that you are more likely to get into an accident than if you lived in a smaller town further away from the big city. And this reality will be reflected in your monthly premiums.

Automotive Accidents

Speaking of automotive accidents, let’s take a look at serious accident statistics for Peoria. The numbers in the table below are slightly lower than the similarly-sized cities nearby.

Peoria, IL Fatal Accidents

But even the fact that most of those numbers are in the double digits can make your insurance company nervous.

If you happen to have been accident-free for the last several years, this may help you avoid a rate spike despite these statistics. However, you should keep these numbers in mind when you talk to your insurance agent.

Peoria, IL Auto Accident & Insurance Claim Statistics

In Peoria, IL, auto insurance rates aren’t too bad, but there are a few things to keep in mind. Claim sizes are a bit higher than average, and seasonal weather can be tricky, especially in winter. Thankfully, traffic isn’t too congested, and while the vehicle theft rate could be better, overall, premiums stay pretty reasonable.

Auto Thefts in Peoria

Auto theft is another statistic that could make your insurance provider less confident about insuring you. Certain vehicles carry a higher risk of theft than others, even if you live in a relatively safe neighborhood.

Likewise, every vehicle will carry some risk of theft, especially if you live in an area where such incidents are high. The most recent data shows that auto thefts in Peoria nearly doubled between 2015 and 2016.

You might want to talk to your current insurance provider about getting a passive alarm installed in your vehicle or maybe even shop around for a lower-profile car, truck, or SUV to ensure that auto theft isn’t making it more expensive for you to drive in Peoria.

Peoria, IL Auto Insurance Monthly Rates by Provider & Coverage Type

When looking at auto insurance providers in Peoria, IL, the type of coverage you choose plays a significant role in the premium you’ll pay.

Collision and comprehensive coverage rates vary widely across providers, with some offering better deals for one type of coverage over the other. For example, while some providers might offer lower collision coverage rates, their comprehensive coverage can be more expensive, so it’s important to balance both types when selecting the right provider.

Credit Score

Credit scores are a tricky thing in general. When it comes to your car insurance, this is certainly no exception. Obviously, you want to do everything you can to make sure your credit score is as high as possible because it will help you get a substantially less expensive rate.

Unfortunately, this is easier said than done for many drivers. If you haven’t paid attention to your credit score lately, you should definitely use one of the free sites to check and see what your score is now.

If your credit score is lower than 720, you’re going to want to take steps to raise it so that you can get a lower monthly premium.

This is especially important when considering how your credit score affects your car insurance premiums. Alternatively, you could see if there are companies that don’t consider credit in their decision when determining your premiums.

Peoria, IL Auto Insurance Monthly Rates by Credit Score

Age

Your age has a lot to do with how experienced you are as a driver. The more driving experience you have, the less statistically likely you are to get into an accident, which means that insurance providers will charge you a lower rate.

If you are a teenage driver, or if you are the parent of a teenage driver who is struggling to pay for adequate coverage, consider bundling everyone together on a family policy.

Young drivers should also do everything they can to get good grades and to prove that they are confident behind the wheel with some driver’s education training in order to get some extra discounts.

Driving Record

The cleaner your driving record, the more confident your insurance company is that you will not get into an accident. Like many of the factors we discussed so far, this will get you a cheaper monthly premium.

If you do have recent tickets, accidents, or other blemishes on your driving record, the good news is that your insurance company will no longer factor them in once they are 3 – 5 years old or more.

The bad news is that the more recent these infractions are, the longer you will have to wait until they are erased from your record to get safe driver discounts for you.

Peoria, IL Auto Insurance Monthly Rates by Provider & Driving Record

Vehicle

The type of vehicle you drive doesn’t just get factored in based on how likely it is to get stolen. The age of your vehicle, as well as its overall price tag, will have a major impact on your final premium.

Gap coverage for a brand-new vehicle will cost more, but it will protect you from being stuck upside down on a new car loan if you get into a vehicle-totaling accident.

On the other hand, older vehicles which won’t cost much to repair or replace will automatically qualify you for lower monthly insurance premiums.

Peoria, IL Auto Insurance Monthly Cost by Make & Model

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Minor Factors in Cheap Auto Insurance in Peoria, Illinois

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

Most newlyweds may not know that they can bundle together under the same auto insurance plan as their spouse in order to take advantage of some decent discounts. Some insurance companies even allow this bundling if you qualify for domestic partnership status.

It’s good to talk to your insurance agent and see whether or not living under the same roof and parking in the same driveway as your significant other can get you a decent discount on your premiums.

Your Gender

How much stock do insurance companies put into charging male and female drivers different premiums? The truth is that many insurance companies don’t really practice this anymore. Some, however, may still charge different Peoria, IL auto insurance rates based on gender alone.

You should definitely ask your insurance provider whether or not this is the case with their company. Depending on if so – and by how much – you make it a better deal with a provider who does not factor gender into their premium calculating equation.

Your Driving Distance to Work

Commute times in Peoria, IL, can be a little iffy. If you’re lucky, it may only take you about 10 minutes to get to work; on the other hand, most drivers could end up spending around 20 minutes behind the wheel.

And keep in mind you’ll be driving in rush-hour traffic, which increases the likelihood of an accident. About 82% of residents will brave this traffic alone in their own vehicle, with far less than 20% of people trying to carpool or use public transportation.

Have you thought about using one of those plug-in devices to track your mileage in order to get a discount from your insurance company? The average motorist drives around 15,000 miles a year.

If you think you drive less than that – especially if you avoid driving during rush hour traffic and/or driving during dangerous times, such as late at night on the weekend – you may be able to save upwards of 30% or more.

It all depends on whether your car insurance provider offers such discounts, though, so be sure to ask them before you make a decision on an auto policy.

Your Coverage and Deductibles

The amount of money you could potentially save on your monthly premiums is inversely related to the amount of money you pay for your deductible. Raising your deductible as high as $1,000 or $2,000 could save you a decent chunk of money in the long run – provided you stay accident-free, of course.

Before you decide to make the change, though, make sure you put that deductible money away in a safe place so that you can get back on the road quickly if you do get into an accident.

Lots of people can’t get to work or make that deductible money if they don’t have a vehicle. Your insurance provider may not provide you with a replacement one to get around to until after your deductible is paid. For more details about deductibles, refer to “An Explanation of Deductibles.”

In this video, we’ll walk you through State Farm’s Auto Claims Subrogation and Deductible Refund Process, explaining how they work to recover costs from the at-fault party and potentially get your deductible back.

Have you ever wondered what happens after you file an auto insurance claim and the other party is at fault?

In this video, we’ll explain State Farm’s Auto Claims Subrogation and Deductible Refund Process, showing you how they work to recover the costs from the responsible party and help you potentially get your deductible refunded.

Education in Peoria, IL

Peoria is a fairly well-educated city compared to the rest of the state. It exceeds the state average for degrees such as bachelor’s degrees, professional school degrees, and doctorates degrees. It’s about even when it comes to master’s degrees.

It also has a higher number of residents who at least attempt some college credit instead of settling for a high school diploma or equivalent. Only about 32% of adult residents in Peoria have a high school education or less.

If you want to get a higher education somewhere within the city limits of Peoria, you have a handful of private and technical schools to choose from. Bradley University and Methodist College have the highest enrollment rates, whereas the Regency Beauty Institute-Peoria and the Saint Francis Medical Center College of Nursing are much more specialized.

You could also venture a little farther out if you’re interested in a place like Illinois State University or Illinois Central College.

If you’re less than satisfied with your current insurance provider for any reason, then you owe it to yourself to shop around for a better deal. If the customer service is bad, there’s a good chance there’s another provider near you who will care more about what you need as a customer.

If their rates are too high, insurance companies are always competing for more business – there’s a good chance the competition is trying to undercut your provider right this minute.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, and who owns his own home.

The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device, which may qualify for an anti-theft device discount.

Case Studies: How Peoria, IL Drivers Found the Best Auto Insurance for Their Needs

Let’s check out how three Peoria drivers found the perfect auto insurance for their needs. As the experiences of the people described in these accounts show, it may be as simple as saving money, finding the best coverage, or speaking to a helpful customer service representative.

• Case Study #1 – Affordable Choice: Emily, a 25-year-old recent grad, needed something budget-friendly. She looked into Geico, Progressive, and State Farm and found that Geico’s basic coverage for just $75/month was exactly what she needed. She got great coverage without breaking the bank—perfect, right?
• Case Study #2 – Custom Coverage: Mark, a business owner with a high-end car, needed more than just the basics. He went with Progressive because their flexible plans allowed him to add the extra coverage he wanted. Mark found the perfect balance of protection without overpaying.
• Case Study #3 – Trusted Service: Sarah, a Peoria local for years, needed an insurance company she could really rely on. She went with State Farm because of their friendly local agents and great service. Now, she feels totally at ease knowing she has a trusted partner to turn to whenever she needs help.

These stories show that no matter what you’re looking for—saving money, customizing your coverage, or having great support—an auto insurance plan in Peoria fits, with plenty of auto insurance coverage options to choose from. State Farm, Geico, and Progressive are all solid choices for finding the right coverage for you.

Each Peoria, Illinois, insurance provider has something different to offer, so it’s easy to find the one that works best for you. Use our quote comparison tool below to get fast and affordable auto insurance today.