Cheapest Car Insurance in Peoria, IL (2026)

Peoria drivers pay an average of $600 per year for minimum coverage and $1,188 per year for full coverage. The city has some of Illinois's highest rates because of a vehicle theft rate of 246 incidents per 100,000 people, compared to the state's 143. Comparison shopping gives you confidence that you're getting the lowest rates.

• Cheapest minimum liability coverage: GEICO provides Peoria's most affordable minimum coverage at $346 per year ($29 monthly). That's 42% lower than the city average of $600, saving you $254 annually. Erie Insurance comes in second for minimum coverage at $392 per year ($33 monthly), a 34% savings compared to the city average.
• Cheapest full coverage: GEICO delivers the most competitive full coverage at $769 per year ($64 monthly), 35% below the city average of $1,188. That's $419 in annual savings. Auto-Owners' full coverage runs $902 per year ($75 monthly), still 24% below the city average but $133 more than GEICO annually.

Young drivers in Peoria have the highest car insurance costs, while adults and seniors enjoy more affordable options. Here are the most affordable car insurance companies in Peoria by age group:

• Adults: GEICO at $29 and Erie at $33 monthly
• Seniors: GEICO at $34 and Erie at $52 monthly
• Young drivers: Erie at $64 and GEICO at $83 monthly

Young drivers under 25 can reduce costs with the Good Student discount, offering up to 15% savings for maintaining a B average, plus additional savings through the Driver's Education discount. Senior drivers aged 50 and over benefit from Erie's defensive driving course discounts.

Car insurance is more expensive if you have driving violations. Here are your cheapest car insurance options in Peoria by violation type:

• Accident: GEICO at $43 and Auto-Owners at $44 monthly
• Ticket: Erie Insurance at $35 and GEICO at $36 monthly
• DUI: GEICO at $59 and Erie Insurance at $67 monthly

Minor violations stay on Illinois driving records for 4 to 5 years, with rates decreasing after 3 years.

Insurance costs across Peoria neighborhoods depend heavily on your ZIP code location. Residents in 61525 pay the lowest rates at $93 monthly for full coverage, while those in 61604 have the highest costs at $109 monthly.

Auto-Owners scored 93 out of 100 on MoneyGeek's rating scale, establishing it as the top car insurance company for Peoria residents. GEICO follows closely with a strong 91 out of 100 rating. Auto-Owners leads in customer service and claims satisfaction. 

Our evaluation looks at agent network ratings, complaint data from the National Association of Insurance Commissioners (NAIC), J.D. Power studies and multi-platform customer reviews to assess how well insurers handle claims and support policyholders. Geico leads in affordability across Illinois. Both insurers maintain strong financial stability ratings.

See below for why each insurer is best and which fits your needs.

Peoria drivers have some of Illinois's highest car insurance premiums. Shop around, reduce your costs and secure appropriate coverage for your needs:

Our insurance experts provide answers to common questions about finding affordable coverage in the Heart of Illinois:

Peoria drivers pay some of Illinois's highest car insurance rates. We built this analysis to help you find reliable coverage without overpaying for your specific situation.

We analyzed hundreds of thousands of quotes from major insurers using data from the Illinois Department of Insurance and Quadrant Information Services. Our research covered all Peoria ZIP codes and adjusted for driver profiles including age, driving record, credit score and military affiliation.

Our rating system weighs three factors:

Affordability (60%): Premiums matter most when you're deciding whether you can maintain coverage long-term. We compared minimum coverage (Illinois's state liability requirements) and full coverage (liability plus comprehensive and collision with $1,000 deductibles) to show savings across coverage levels.

Customer experience (30%): Google reviews and J.D. Power ratings reveal how insurers handle claims and resolve problems. This factor accounts for real customer interactions during stressful moments like filing winter weather claims or handling theft reports.

Coverage options (10%): More choices mean better odds of matching coverage to Peoria risks like winter weather damage, uninsured motorists and theft in high-risk areas.