Compare the Cheapest Car Insurance Quotes in Chicago, IL

Car insurance rates may vary depending on your preferences and profile. GEICO is Chicago’s cheapest auto insurance provider for full coverage and state minimum policies, as well as for drivers with a speeding ticket. USAA offers affordable options for drivers who work for the military. MoneyGeek’s top-rated auto insurance provider in Chicago is Erie, as it balances cost and customer service.

bestauto insuranceChicago

2023

The Cheapest and Best Car Insurance in Chicago

Cheapest Overall - GEICO

Cheapest State Minimum - GEICO

Cheapest With a Driving Violation - State Farm

Best Overall - Erie

A full coverage car insurance policy offers financial protection for most circumstances as it includes liability, comprehensive and collision coverages.

MoneyGeek’s analysis reveals these providers offer Chicago’s cheapest full coverage policies for an average driver:

• GEICO: $789 per year
• Mercury: $860 per year

USAA also offers an affordable rate for drivers who have a military background or are part of a military family at $871 annually.

Our study shows that GEICO, Chicago’s cheapest provider, is 111.5% less expensive than AAA, the city’s most expensive provider.

Cheapest Car Insurance in Chicago

The car insurance rates in this study are for a 40-year-old male driver in Chicago with a full coverage policy based on MoneyGeek’s methodology.

A full coverage auto insurance policy includes comprehensive coverage, collision coverage, and the state’s minimum required coverages. It offers broad financial protections in case of an accident, but it’s more costly than a minimum coverage policy.

• Comprehensive Coverage: Pays for expenses from damages due to the weather, theft, falling objects and other damages not caused by a collision.
• Collision Coverage: Pays for vehicle repairs if you’re in an accident.

If you have an older car, consider that full coverage insurance can be more expensive than your car’s actual replacement worth. A liability-only or state minimum insurance is recommended in this case to obtain the cheapest rates possible.

Compare Car Insurance Rates in Chicago

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If you’re looking for the cheapest car insurance offers in Chicago, a state minimum policy is your best option. Such policies don’t have comprehensive and collision coverages, making them significantly more affordable than other policies. However, its limited coverage exposes you to financial risks in case of an accident.

These companies present Chicago’s cheapest state minimum policies:

• GEICO: $366 per year
• Mercury: $367 per year

USAA also offers an affordable state minimum coverage policy in Chicago for eligible U.S. military members and veterans at $411 annually.

MoneyGeek’s research found out that Chicago’s cheapest state minimum provider, GEICO, is $486 cheaper than the city’s most expensive state minimum provider, Metlife.

Cheapest Minimum Liability Car Insurance in Chicago

In Illinois, all drivers must have a minimum coverage policy by law. The coverages are for bodily injury liability, property damage liability, uninsured motorist bodily injury and uninsured motorist property damage.

A state minimum policy is Chicago’s cheapest auto insurance policy — buying it will save you some money on your monthly premiums. However, its limited coverage comes with limited protections, and you may end up paying more in case of an accident.

Liability insurance in Illinois only covers $25,000 for bodily injuries per person. If you’re at fault in an accident and the other party’s medical expenses reach $30,000, you’ll have to pay $5,000 by yourself.

If you get a speeding ticket, are charged with a DUI, are in an at-fault accident or incur other driving violations, your car insurance premiums will increase. You can seek to improve your driving history and have your rates lowered, but that takes time.

For now, your best option is to compare car insurance offers to find reasonable rates. MoneyGeek’s research shows these companies provide the most affordable car insurance policies in Chicago for drivers with a bad driving record:

• Cheapest after a ticket: GEICO, $960 per year
• Cheapest after an at-fault accident: State Farm, $1,121 per year
• Cheapest after a DUI: State Farm, $1,035 per year

Cheapest Car Insurance in Chicago With a Violation

The average insurance rates per company may still increase or decrease depending on your history and personal profile. The riskier your profile is, the higher your premiums will cost. Some of the factors affecting your profile are your driving history, ZIP code and credit score.

It is imperative that you get personalized car insurance quotes in Chicago to get a good read on how your unique circumstances will affect your insurance premiums. Consulting directly with insurance companies will also clue you in on if there are discounts you may qualify for, rebates or other promos that the insurance company may offer.

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To help you find a provider that offers affordability and quality service, MoneyGeek ranked the best car insurance companies in Chicago.

On average, the best car insurance companies in Chicago are:

• Erie: MoneyGeek score of 95 out of 100
• Hartford: MoneyGeek score of 88 out of 100

USAA earned the highest score in Chicago per MoneyGeek’s rating system. However, because it’s only available to active military members, veterans and their families, we did not list it as best overall.

MoneyGeek used several factors to determine scores out of 100, including J.D. Power user satisfaction, affordability and financial stability ratings.

Expand All Rankings +

1

Country Financial

Score:94

-

4.9/5

Affordability

4/5

Claims

4.5/5

User Satisfaction

4.5/5

Financial Stability

2

GEICO

Score:94

-

4.9/5

Affordability

3.5/5

Claims

4/5

User Satisfaction

5/5

Financial Stability

3

State Farm

Score:90

+

4.7/5

Affordability

4/5

Claims

4.5/5

User Satisfaction

4/5

Financial Stability

4

Erie

Score:87

+

4.2/5

Affordability

4.5/5

Claims

5/5

User Satisfaction

4.5/5

Financial Stability

5

Mercury

Score:76

+

3.8/5

Affordability

3.5/5

Claims

4/5

User Satisfaction

4/5

Financial Stability

6

Progressive

Score:70

+

3.3/5

Affordability

3.5/5

Claims

4/5

User Satisfaction

4.5/5

Financial Stability

7

Travelers

Score:69

+

3.1/5

Affordability

4/5

Claims

3.5/5

User Satisfaction

5/5

Financial Stability

8

Allstate

Score:58

+

2.4/5

Affordability

4/5

Claims

4/5

User Satisfaction

4.5/5

Financial Stability

9

American Family

Score:54

+

2.1/5

Affordability

4/5

Claims

4/5

User Satisfaction

4.5/5

Financial Stability

10

Farmers

Score:48

+

1.7/5

Affordability

4/5

Claims

4/5

User Satisfaction

4/5

Financial Stability

11

MetLife

Score:44

+

1.4/5

Affordability

4.5/5

Claims

3.5/5

User Satisfaction

4.5/5

Financial Stability

12

Nationwide

Score:37

+

0.9/5

Affordability

4/5

Claims

4/5

User Satisfaction

4.5/5

Financial Stability

13

AAA

Score:27

+

0.3/5

Affordability

3.5/5

Claims

3.5/5

User Satisfaction

4.5/5

Financial Stability

Your Chicago ZIP code has a hand in determining the average auto insurance premiums you will need to pay. In some areas, it is riskier to own a car due to threats of car theft, accidents and more. In Chicago, the three ZIP codes with the most affordable car insurance are 60657, 60018 and 60625. If you live in 60628, you'll likely be paying the most for auto insurance in Chicago — $1,267.

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Chicago. How Chicago ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

Most Accidents With Fatalities218th/300

Most Car Thefts101st/300

Most Uninsured Motorists by State18th/50

Personal Injury Protection RequiredNo

Most Annual Rainfall131st/300

Most Rainy Days53rd/300

About Mark Fitzpatrick

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Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

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