The average car insurance cost in Illinois is $1,134 per year, one of the cheapest rates in the country and significantly less expensive than the national average of $1,424. These averages are for multiple companies and locations for one sample driver. MoneyGeek also broke down averages in the state by age, driving history, coverage level, location and credit score in this analysis.
How Much Is Car Insurance in Illinois? Rates by Coverage Level, Age, Driving History and Location
The $1,134 annual average for Illinois car insurance is for a 40-year old driver with a full coverage policy and a clean driving record.
If the same 40-year old opts for a minimum coverage car insurance policy in Illinois, it would cost an average of $582 per year. However, prices can vary to a great degree depending on your profile. For example, it would cost an average of $3,642 per year for a 16-year-old to purchase a full coverage policy.
To give you a better idea about how rates vary, MoneyGeek has provided a breakdown of average insurance costs in Illinois based on several parameters.
Average Cost of Car Insurance in Illinois: Summary
MoneyGeek analyzed the average car insurance costs in Illinois based on factors that have the most pronounced impact on premium prices. In Illinois, car insurance costs are most affected by your age and credit score.
Check out more in detail about average costs for a specific driver profile.
Average Costs of Car Insurance in Illinois
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Why are Car Insurance Rates Cheap in Illinois?
According to MoneyGeek’s data, Illinois has low car insurance rates compared to most states due to its low numbers of uninsured motorists, vehicle thefts and natural disasters.
Illinois has one of the lowest rates of uninsured motorists in the country at 12%, which contributes significantly to the state’s reasonable insurance rates. The state also has a relatively low rate of vehicle thefts and natural disasters. All of these factors play a role in keeping insurance costs in check.
Average Cost of Car Insurance in Illinois: Full Coverage vs. Minimum Coverage
In the state of Illinois, a car insurance policy that meets the state minimum coverage requirements costs an average of $582 per year, while a full coverage policy has an average cost of $1,134 per year. That is a difference of $552 between the two different types of policies.
The average car insurance cost in Illinois depends on how much coverage you choose. If you opt for a car insurance policy with more coverage or features, you will pay more every month for it.
Typically, a car insurance policy includes many different types of coverage, including liability, collision and comprehensive coverage. Full coverage insurance raises your rates, as does increasing your liability limits.
Average Cost of Car Insurance in Illinois by Coverage Level
Minimum vs. Full Coverage Car Insurance Costs in Illinois - By Company
One factor that has a big impact on how much you pay for your insurance is the provider you choose. Depending on your profile and how different companies assess risk, every company will quote you a different rate. For affordable minimum liability car insurance in Illinois, GEICO is the cheapest option on average at $366. It is also the provider offering the cheapest full coverage car insurance in the state at $789 on average.
On average, MetLife offers the most expensive state minimum liability car insurance at $852 per year, while AAA offers the costliest full coverage car insurance at $1,669.
Average Annual Costs of Car Insurance in Illinois - By Company
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How Much Is Car Insurance in Illinois by Age
When it comes to determining car insurance costs, your age can play an important role. Young drivers are usually considered riskier to insure as they present a higher likelihood of accidents. This makes their car insurance policies more expensive.
According to MoneyGeek’s research, the difference between a 16-year-old and a 40-year-old purchasing identical full coverage car insurance policies is about $2,508 on average.
However, it is possible to save money on insurance payments for young drivers by adding them to their parents’ car insurance policy.
It is important to note that if you have just recently started driving, it is likely that you would have to pay similar costs as teenagers. First-time drivers are usually treated the same as young drivers in terms of risk assessment.
Average Costs of Full Coverage Car Insurance in Illinois - By Age
How Does Driving History Affect Car Insurance Costs in Illinois?
In Illinois, the cost of car insurance is much higher for high-risk drivers. This means that drivers with a record of violations and accidents will pay more for car insurance. However, they can still shop around to find relatively affordable car insurance options in the state.
According to MoneyGeek’s data, individuals with a speeding ticket would have to pay an average of $318 more per year compared to someone with a clean driving record. The extra cost increases with the severity of the violation.
Average Costs of Full Coverage Car Insurance in Illinois - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$1,134
- Speeding Ticket$1,452
- At-Fault Accident$1,795
Credit Scores and the Cost of Car Insurance in Illinois
In Illinois, your credit score plays an important role in determining how much you have to pay every month for your car insurance.
According to MoneyGeek’s analysis, people with a poor credit score in Illinois would have to pay an average of $883 more per year compared to those with a good credit score. In contrast, those with an excellent credit score will pay an average of $209 less every month than people with a good credit score.
If you have bad credit, you can still shop around to find relatively affordable insurance plans in Illinois.
Average Costs of Full Coverage Car Insurance in Illinois - By Credit Score
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- Credit ScoreAnnual Premium
- Below Fair$1,713
How Much Is Car Insurance in Your City?
While car insurance costs differ greatly from state to state, there can also be a great deal of variance between costs in different cities within a particular state. In Illinois, the cheapest city for car insurance is Springfield, at about 28.9% less expensive than the state average. Meanwhile, Chicago’s rates are much higher, at an average of $1,134 per year.
Usually, if you live in a densely populated area, you will pay more for car insurance as these areas have a higher chance of road accidents, vandalism or theft. People living in areas prone to natural disasters also usually pay more for car insurance.
Average Costs of Full Coverage Car Insurance in Illinois - By City
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Frequently Asked Questions About Illinois Car Insurance Rates
Here are a few important frequently asked questions that can help you learn more about car insurance costs in Illinois.
Car insurance quotes in Illinois were collected with the help of Quadrant Information Services. Policies were for a sample 40-year old driver profile with a clean driving record and a full coverage policy unless altered in any way by the factors discussed above, including age, coverage levels, driving record and credit score. The specific limits of the full coverage policy are elaborated on our methodology page.
MoneyGeek also gathered data on uninsured motorists, traffic, the urban share of population and motor vehicle theft rates.
- Highway traffic density was calculated with 2019 data from the Federal Highway Administration
- Data on uninsured motorists was drawn from 2019 data from the Insurance Research Council
- Urban share of population was calculated using the latest data from the U.S. Census Bureau
- Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019
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