Cheapest and Best Car Insurance in Elgin, IL, (July 2024)


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Updated: July 8, 2024

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Finding the lowest car insurance rates in Elgin hinges on coverage choices and driver profiles. For full coverage, American Family offers the best rates, while State Farm is the go-to for families with teen drivers. These differ from Mercury, which is most affordable for minimum coverage. When service is key, Westfield excels, yet American Family provides the best overall balance of cost and quality. Choose according to your priorities and coverage requirements.

MoneyGeek Logo IconBest & CheapestCar InsuranceElgin
2024

Cheapest and Best Car Insurance in Elgin

Why Trust MoneyGeek? We analyzed 74,576 quotes in Illinois, including the city of Elgin, from 15 companies. We used six sources and original research to rate the cheapest companies and develop a scoring system for Elgin insurance providers based on ZIP codes in the city only. Our scores are based on affordability, customer satisfaction, claims experience, coverages offered and financial stability.

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These rates reflect the cheapest car insurance quotes in Elgin, IL, as of July 2024.

74,576Quotes Analyzed
 
15Companies Compared

Cheapest Minimum Liability Car Insurance in Elgin

MoneyGeek found that Mercury is the cheapest car insurance option in Elgin, offering minimum coverage at an incredibly affordable rate.

  • Mercury: $313 per year
  • Country Financial: $381 per year

Interestingly, Allstate has the most expensive minimum coverage policy in Elivent, at an annual premium of $685. The notable $372 difference between Mercury and Allstate highlights the significance of comparing car insurance rates to ensure you're getting the best deal available.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
MercuryAnnual Premium$313Monthly Premium$26
Country FinancialAnnual Premium$381Monthly Premium$32
American FamilyAnnual Premium$416Monthly Premium$35
Auto-Owners Insurance CoAnnual Premium$418Monthly Premium$35
WestfieldAnnual Premium$425Monthly Premium$35
GEICOAnnual Premium$475Monthly Premium$40
ErieAnnual Premium$501Monthly Premium$42
TravelersAnnual Premium$512Monthly Premium$43

In Illinois, including Elgin, the prerequisites for car insurance are prescribed by state regulation. Here's what those requirements look like:

  • $25,000 bodily injury per person
  • $50,000 bodily injury per accident
  • $20,000 property damage liability per accident
  • $25,000 uninsured motorist bodily injury per person
  • $50,000 uninsured motorist bodily injury per accident

Suppose you're in an accident and you're at fault. Your minimum coverage insurance would cover up to $25,000 for an individual's injuries and up to $50,000 for injuries per accident. However, if the total damages surpass these limits, any excess must come out of your pocket.

Cheapest Full Coverage Car Insurance in Elgin

MoneyGeek found that American Family is the most affordable when it comes to the cheapest full coverage car insurance in Elgin.

  • American Family: $678 per year
  • Country Financial: $836 per year

Hanover presents the most expensive full coverage policy in Elgin, with an annual premium that is $1,185 more expensive than American Family.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
American FamilyAnnual Premium$678Monthly Premium$56
Country FinancialAnnual Premium$836Monthly Premium$70
Auto-Owners Insurance CoAnnual Premium$864Monthly Premium$72
TravelersAnnual Premium$917Monthly Premium$76
GEICOAnnual Premium$991Monthly Premium$83
WestfieldAnnual Premium$997Monthly Premium$83
ErieAnnual Premium$1,065Monthly Premium$89
ProgressiveAnnual Premium$1,113Monthly Premium$93

A full coverage auto insurance policy includes protections of $100,000 for bodily injury per individual, $300,000 for bodily injury per event, and $100,000 for property damage per event. This is known as the 100/300/100 coverage plan.

Full coverage insurance exceeds the liability limits and includes both comprehensive and collision coverage, which are essential features:

  • Collision Insurance: This type of insurance pays for the repair or replacement of your automobile in the event of a collision with another car or an object like a tree or light pole. It also covers rollover accidents and pothole damage.

  • Comprehensive Insurance: This category of coverage compensates you for damages to your vehicle from a wide array of non-collision incidents such as theft or natural disasters and being struck by an animal like a deer.

For anyone with a new car, opting for full coverage insurance is advisable to protect your auto investment. For owners of older cars, the benefits of full coverage may not outweigh its more substantial cost. When deciding on insurance, weigh the protection extensive coverage offers against the risk of being underinsured along with the costs involved.

Cheapest Car Insurance in Elgin After a Driving Offense

MoneyGeek found that American Family is the cheapest option in Elgin for drivers with a speeding ticket, accident or DUI.

  • Speeding Ticket: American Family ($829 per year)
  • At-fault accident: American Family ($819 per year)
  • DUI: American Family ($829 per year)

Rates can increase significantly with driving infractions, so it is important to look for the cheapest insurance if you have a bad driving record.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
American FamilyAnnual Premium$829Monthly Premium$69
Auto-Owners Insurance CoAnnual Premium$968Monthly Premium$81
Country FinancialAnnual Premium$1,097Monthly Premium$91
ErieAnnual Premium$1,166Monthly Premium$97
WestfieldAnnual Premium$1,184Monthly Premium$99
TravelersAnnual Premium$1,295Monthly Premium$108
GEICOAnnual Premium$1,307Monthly Premium$109
AAAAnnual Premium$1,393Monthly Premium$116

In Elgin, car insurance rates climb with the severity of a driving infraction due to increased risk insurers associate with drivers who have violations. For example, drivers with a speeding ticket face an annual premium of approximately $1,859, while those with a DUI could see rates around $2,534.

Cheapest Car Insurance in Elgin for Teens and Their Families

MoneyGeek found that Progressive offers the most affordable full coverage car insurance for teenage drivers in Elgin, ensuring significant savings for families. Get the cheapest car insurance for teens today!

  • Progressive: $1,815 per year for female teens and $1,953 per year for male teens
  • State Farm: $1,957 per year for female teens and $2,496 per year for male teens

These rates are based on a policy that covers a combination of two parents and a teen driver. GEICO has the most expensive policy for teen family coverage in Elgin, with an annual premium of $2,540 for a female teen driver.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
ProgressiveFamily Plan Annual Premium$1,815Individual Plan Monthly Premium$4,362
State FarmFamily Plan Annual Premium$1,957Individual Plan Monthly Premium$2,882
Auto-Owners Insurance CoFamily Plan Annual Premium$1,977Individual Plan Monthly Premium$1,874
TravelersFamily Plan Annual Premium$2,191Individual Plan Monthly Premium$6,754
AllstateFamily Plan Annual Premium$2,329Individual Plan Monthly Premium$4,751
GEICOFamily Plan Annual Premium$2,540Individual Plan Monthly Premium$7,523

Teen drivers in Elgin and cities alike face steep car insurance costs, with individual policies averaging $5,303 annually. By contrast, adding a teen to a family plan significantly slashes this premium to roughly $2,397, illustrating the favorable financial impact of shared policies.

Cheapest Car Insurance in Elgin for Military Drivers

MoneyGeek found that American Family is the cheapest option for those seeking the cheapest car insurance for military backgrounds in Elgin, offering comprehensive coverage at competitive rates.

  • American Family: $678 per year
  • Country Financial: $836 per year

USAA has a higher premium of $1,104 per year, yet it's a preferred option for many due to its special services that cater specifically to the needs of active duty military members.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
American FamilyAnnual Premium$678Monthly Premium$56
Country FinancialAnnual Premium$836Monthly Premium$70
Auto-Owners Insurance CoAnnual Premium$864Monthly Premium$72
TravelersAnnual Premium$917Monthly Premium$76
GEICOAnnual Premium$991Monthly Premium$83
WestfieldAnnual Premium$997Monthly Premium$83
ErieAnnual Premium$1,065Monthly Premium$89
USAAAnnual Premium$1,104Monthly Premium$92

How to Compare Cheap Elgin Car Insurance Quotes Online

In Elgin, you can use MoneyGeek's car insurance calculator to get rate estimates. By simply inputting factors such as age, driving record, credit score, and coverage preferences, users receive immediate rate estimates.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jul 22, 2024

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Best Car Insurance in Elgin: Overview

Choosing the right auto insurance can be a multifaceted decision involving service, cost, coverage, and other personal preferences. According to MoneyGeek's research, utilizing a distinct scoring system for each category, Elgin's top three car insurance providers are:

  • Best overall: American Family (MoneyGeek score 85 out of 100)
  • Best for service: Westfield (MoneyGeek score 82 out of 100)
  • Best cheap: Westfield (MoneyGeek score 80 out of 100)

Westfield offers exceptional customer experience and affordability. However, if balance is key, American Family is the best overall pick, which may appeal to those prioritizing a mix of solid customer service and cost-effectiveness.

Overall Best Car Insurance in Elgin

MoneyGeek found that American Family offers the best car insurance in Elgin, ensuring customers receive quality coverage and service.

  • American Family: MoneyGeek score of 85 out of 100 ($678 per year)
  • Westfield: MoneyGeek score of 83 out of 100 ($997 per year)

American Family offers a good balance of affordability and customer satisfaction.

Company logo for American Family Insurance
Best OverallAmerican Family Insurance
MoneyGeek Score:
85/ of 100

Overview

American Family scores well in affordability and coverage. These scores significantly boost its high MoneyGeek score. The company includes both common coverages, such as roadside assistance and rental car and/or travel reimbursement, ensuring comprehensive assistance for their policyholders. Additionally, it offers reasonably common coverages, like accident forgiveness and gap insurance, which add extra layers of financial protection.

Best Car Insurance in Elgin for Customer Service

Westfield offers the best car insurance for customer service in Elgin, achieving exemplary results in customer satisfaction, claims handling and coverage options.

  • Westfield: MoneyGeek score of 82 out of 100 ($997 per year)
  • American Family: MoneyGeek score of 80 out of 100 ($678 per year)

Westfield has exceptional customer satisfaction and claims scores.

Company logo for Westfield
Best for Customer ServiceWestfield
MoneyGeek Score:
82/ of 100

Overview

Westfield has a satisfaction score contributing to a high overall MoneyGeek score. On the coverage front, it offers both rental car and/or travel reimbursement and roadside assistance. Customers will find Westfield a robust choice, thanks to their strong MoneyGeek score portfolio.

Best Cheap Car Insurance Companies in Elgin

MoneyGeek found that Westfield is the best option in Elgin for those who are looking for cheap car insurance that doesn't compromise on quality.

  • Westfield: MoneyGeek score of 80 out of 100 ($425 per year)
  • Mercury: MoneyGeek score of 80 out of 100 ($313 per year)

Westfield stands out with its balanced blend of high marks in customer satisfaction and its competitive pricing for minimum coverage policies.

Company logo for Westfield
Best Cheap CompanyWestfield
MoneyGeek Score:
80/ of 100

Overview

Westfield emerges as a leading insurer, most notably for its exceptional non-claims customer satisfaction and comprehensive coverage scores. With an average annual premium of just $425, the average driver enjoys the benefit of minimum coverage at an accessible price.

Average Cost of Car Insurance in Elgin

In Elgin, Illinois, the average cost of car insurance is $1,056. When compared to the average state car insurance cost of $1,153, Elgin's average cost is less, indicating it could be a more economical choice for residents within the state. However, this figure still falls significantly below the national average car insurance premium of $1,781.

Car insurance premiums are influenced by various factors, with location being a critical one. Factors such as the frequency and severity of accidents, car thefts, repair costs and state laws can all impact insurance rates.

For instance, Chicago has the most expensive car insurance premium in Illinois at $1,442, while Springfield emerges as the most affordable city at $989.

AuroraAnnual Premium$1,037
ChicagoAnnual Premium$1,442
ElginAnnual Premium$1,056
JolietAnnual Premium$1,126
NapervilleAnnual Premium$1,009
PeoriaAnnual Premium$993
RockfordAnnual Premium$1,045
SpringfieldAnnual Premium$989

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.