BestCar InsuranceChicagoThe Best Car Insurance in Chicago, IL, for 2023
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The Top Car Insurance Companies in Illinois
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Even though Country Financial and GEICO are the top car insurance companies in Chicago overall, the best insurance for you will depend on the level of coverage you need, your age and your background. MoneyGeek explored the best car insurance options for full and minimum coverage, for young and older drivers, for drivers with traffic tickets and for those with military experience.
MoneyGeek also includes information on the cheapest auto insurance in Chicago if you’re looking to save money.
BestCar InsuranceChicagoThe Best Car Insurance in Chicago
Overall - Country Financial
Minimum Coverage - GEICO
Young Drivers - Country Financial
Senior Drivers - Country Financial
Driving Violations - Country Financial
Military - USAA
Best Car Insurance Companies in Chicago: Overall
MoneyGeek analyzed average premiums, user satisfaction and claims ratings to find the best auto insurance companies in Chicago. According to our unique ranking algorithm, the following are the city’s best overall car insurance providers:
- Country Financial: 94 out of 100
- GEICO: 94 out of 100
USAA also ties, with a MoneyGeek score of 94 out of 100. However, because USAA primarily serves current and former military members, we did not include it.
The Top Car Insurance Companies in Chicago
1
Country FinancialOverall
Score:94
Country Financial received high grades for affordability, customer satisfaction and financial stability; a full coverage policy costs $1,010 per year. Two of the company’s rare coverages are glass deductible modification and portable electronics and media coverage.
More About Country Financial
Country Financial provides some unique insurance coverages. If your windshield, automobile windows or headlight covers need to be repaired, Country Financial’s safety glass coverage can help. You don't have to pay your comprehensive coverage deductible if you have this supplementary insurance. Also, if your phone or laptop is stolen from your car, personal effects coverage protects you. Just keep in mind that the maximum is $800.
Read MoneyGeek's Country Financial auto Insurance Review2
GEICO
Score:94
GEICO scored high grades for affordability and stability, offering a full coverage policy for $789 per year. Mechanical breakdown insurance (MBI) and accident forgiveness are two of GEICO's distinctive add-on coverages.
More About GEICO
GEICO offers mechanical breakdown insurance (MBI) at a lower rate than a dealer extended warranty. MBI covers all parts and systems on your new or leased car. With GEICO's accident forgiveness benefit, your insurance rate will not increase after your first at-fault accident. You can buy or earn this insurance once you've been accident-free for five years or more and are 21 or older.
Read MoneyGeek's GEICO auto Insurance ReviewRESOURCES ON CAR INSURANCE IN CHICAGO, ILLINOIS
To help drivers shop for a fantastic deal, MoneyGeek looked into the cheapest car insurance companies in Chicago. MoneyGeek offers the following resources for those who want to learn more about auto insurance in Illinois:
Best Cheap Car Insurance for Minimum Coverage in Chicago
All drivers in Chicago must have insurance that fulfills the state's minimum requirements. The best car insurance providers in Chicago for minimum coverage, based on MoneyGeek’s analysis, are:
- GEICO: 95 out of 100
- Country Financial: 94 out of 100
MoneyGeek arrived at this result after researching policies for drivers from various backgrounds, including those with traffic violations, young drivers and senior drivers.
MoneyGeek’s Pick: GEICO
pros
A minimum coverage policy costs $366 per year
Discounts available include bundling, affinity organization and daytime running lights
MoneyGeek user satisfaction rating of 4 out of 5
cons
MoneyGeek claims rating of 3.5 out of 5
COMPANY HIGHLIGHTS
GEICO covers roadside assistance, rental car reimbursement and accident forgiveness. Although roadside assistance covers flat tires, towing, jump-starts and lockouts, rental car reimbursement covers the cost of a rental car if your automobile is rendered inoperable for more than 24 hours due to a covered accident.
Mechanical breakdown insurance is a unique GEICO tool that provides better coverage at a lesser cost than a dealer’s conventional extended warranty. It covers all parts and systems on new or leased cars younger than 15 months and with less than 15,000 miles.
Best Car Insurance for Young Drivers in Chicago
MoneyGeek identified the following as the best insurers in Chicago for teens and young adults:
- Country Financial: 96 out of 100
- Erie: 95 out of 100
Car insurance for teens, young drivers and students is usually more expensive because new drivers are considered high risk. To find the best options, MoneyGeek combined different levels of coverage and histories of 18-year-old Chicago drivers.
MoneyGeek’s Pick: Country Financial
pros
An affordable full coverage policy for a safe driver costs $2,071 per year
Provides good student and driver’s education course discounts
MoneyGeek user satisfaction rating of 4.5 out of 5
MoneyGeek claims rating of 4 out of 5
cons
No distant student discount
COMPANY HIGHLIGHTS
Having a reputable insurance provider is especially comforting for younger drivers and their parents. Country Financial offers some of Chicago's most affordable car insurance for young drivers. It also includes coverages for roadside assistance, rental car and/or trip reimbursement and new car replacement.
Young drivers can take advantage of Country Financial's savings, including discounts for driver's education and good academic standing. You may be eligible for a discount if you are a full-time student with a solid academic record or if you have completed a defensive driving or driver's education course.
Best Car Insurance for Senior Drivers in Chicago
Based on MoneyGeek’s analysis, the best insurance companies in Chicago for senior drivers are the following:
- Country Financial: 92 out of 100
- State Farm: 91 out of 100
MoneyGeek looked at various policy coverages as well as the records of 70-year-old drivers in Chicago to research these findings. Seniors' car insurance is often more expensive than that for middle-aged drivers.
MoneyGeek’s Pick: Country Financial
pros
An affordable full coverage policy for a safe driver costs $866 per year
Offers a defensive driving discount
MoneyGeek user satisfaction rating of 4.5 out of 5
MoneyGeek claims rating of 4 out of 5
cons
No senior driver discount provided
COMPANY HIGHLIGHTS
In Chicago, Country Financial provides the best benefits for senior drivers. Even though senior policies offer the same coverage as those for other age groups, some insurers charge seniors higher premiums. With Country Financial, seniors can get a discount by taking a defensive driving course.
You can save money by signing up again for coverage before your current policy ends. Country Financial also offers a discount to couples who plan to marry during the year after they purchase a new vehicle.
Best Car Insurance With a Driving Violation in Chicago
Acquiring auto insurance after a traffic violation might be tough. MoneyGeek identified the following as Chicago’s best car insurance companies for at-fault drivers:
- Country Financial: 94 out of 100
- State Farm: 92 out of 100
Drivers with bad driving records pay more for auto insurance since they are deemed high risk. MoneyGeek developed these rankings using various driver ages and coverage levels.
MoneyGeek’s Pick: Country Financial
pros
An affordable full coverage policy for a 40-year-old driver with an accident on their record costs $1,130 per year
Offers four common discounts
MoneyGeek user satisfaction rating of 4.5 out of 5
MoneyGeek claims rating of 4 out of 5
cons
Pay-in-full, paperless and airbag discounts not offered
COMPANY HIGHLIGHTS
Car insurers that offer low-cost plans with specialized coverage options may be good options for drivers who’ve had a previous accident or penalty. You should note that Country Financial does not provide new or better car replacement coverages, which are helpful after an accident.
Drivers can take advantage of Country Financial discounts on anti-theft systems, defensive driving and bundling. Early signing, legacy and occupational discounts are among the company's unique discounts.
Best Car Insurance With a Military Background in Chicago
Based on our scoring system, USAA received a MoneyGeek score of 94 out of 100. For qualified military members in Chicago, USAA offers an excellent combination of affordability, customer satisfaction and financial stability. It's worth noting that USAA offers auto insurance solely to military personnel and their families.
MoneyGeek arrived at USAA’s ranking by analyzing different levels of coverage, such as plans for young and senior drivers; and various driver characteristics, including those with traffic violations.
MoneyGeek’s Pick: USAA
pros
An affordable full coverage policy costs $871 per year for a 40-year-old driver
Offers four common discounts to policyholders
MoneyGeek user satisfaction rating of 5 out of 5
MoneyGeek claims rating of 5 out of 5
cons
Exclusive for military members, veterans and their families
Only offers two common coverages: roadside assistance and rental car and/or travel reimbursement
COMPANY HIGHLIGHTS
USAA is a trustworthy insurance company with low premiums for military personnel. It provides roadside assistance and rental car and/or trip compensation, but it does not offer additional coverage options.
USAA provides five of the nine most common insurance discounts. You can save with the legacy discount if you're under 25 and were previously covered by your parents' USAA policy,
Methodology
MoneyGeek ranked car insurance providers in Chicago based on quotes from insurers and reviews from industry experts, such as J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC).
To identify the best car insurance in Chicago for various driver profiles, MoneyGeek applied the following weights to each evaluation category:
- Affordability (70%): MoneyGeek obtained insurance quotes from various Chicago companies. The provider with the lowest rate in the city received a perfect five out of five score.
- Customer and claims satisfaction (20%): We used J.D. Power survey results to measure customer satisfaction in terms of service and claims, with each weighing 10%.
- Financial stability (10%): MoneyGeek evaluated an insurance company's financial stability using AM Best ratings.
MoneyGeek looked at various driver profiles to determine each insurance company's overall affordability score, taking into account criteria including driving history, age and coverage levels. For example, MoneyGeek used a sample profile of an 18-year-old male with a clean driving record to identify the best insurance for young drivers. We then matched each driver profile with the company that best met its needs.
Auto insurance quotes indicate pricing for a full coverage policy with the following limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability.
- Comprehensive and collision coverage with a $1,000 deductible
See our data collection, comparison and rating approach for more information on MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
