bestauto insurancePeoriaCompare the Cheapest Car Insurance Quotes in Peoria
Each year, drivers in Peoria pay an average of $791 for car insurance, lower than the Illinois average by 30.2%. GEICO offers the cheapest car insurance in Peoria at $495 per year on average. MoneyGeek also determined the cheapest policies by coverage amount and driving history. For drivers valuing both affordability and excellent service, we recommend the best car insurance companies in Peoria.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 11/3/2022
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MoneyGeek Team
On average, GEICO offers the most affordable rates for full-coverage and state-minimum policies. This provider also delivers the cheapest rates, on average, for drivers with a speeding ticket on their records.
Erie ranks as the best overall provider in the city by MoneyGeek’s standards for balancing affordability and strong customer service.
bestauto insurancePeoriaThe Cheapest and Best Car Insurance in Peoria
The Cheapest Car Insurance Companies in Peoria
MoneyGeek compared various quotes from the best car insurance companies in Peoria. Our research revealed that the cheapest full-coverage policies, on average, come from:
- GEICO: $495 per year
- Mercury: $588 per year
Drivers in Peoria have to pay more than double for similar policies from AAA, the city’s most expensive insurer. With an average policy of $1,143, AAA’s rate is 130.9% higher than GEICO’s. A full-coverage policy provides complete protection, including basic liability insurance, collision and comprehensive coverages. Prices change as you modify your liability limits.
Cheapest Car Insurance in Peoria
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$495
- 2.$588
- 3.$663
- 4.$674
- 5.$709
MoneyGeek used a sample profile of a 40-year-old male driver seeking a full-coverage policy to receive average rates in the city. Our methodology page offers more insight into our analysis.
Full-coverage policies, which typically include liability insurance, along with collision and comprehensive insurance, are generally more expensive than state-minimum coverage. Details on these additional coverages include:
- Collision Insurance: This pays for repairs on your vehicle damaged due to collisions with other vehicles or stationary objects, like trees and street lamps.
- Comprehensive Insurance: This coverage protects against vehicle damages related to theft, vandalism, hail or natural disasters.
A full-coverage policy is recommended for new car owners, as vehicle repairs on a newer purchase are more expensive. However, if the annual premiums on a full-coverage policy equal or exceed what the insurer would have to pay to repair an older vehicle, a state minimum policy may be a better choice.
Compare Car Insurance Rates in Peoria
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Peoria for Minimum Coverage
State-minimum car insurance policies are the most affordable option in Peoria. The following companies offer the lowest rates for state-minimum coverage in the city, on average:
- GEICO: $253 per year
- Mercury: $296 per year
On average, AAA offers the most expensive state minimum policy at $540 per year — over twice as much as a comparable policy from GEICO. While a state-minimum coverage carries the cheapest costs, it might not offer enough financial protection following an accident.
Unlike a full-coverage policy, state-minimum coverage has low liability limits and does not have collision and comprehensive insurance. The following table offers insight into how rates vary with different coverage levels.
Cheapest Minimum Liability Car Insurance in Peoria
State Minimum
- CompanyState Minimumper year
- 1.$253
- 2.$296
- 3.$317
- 4.$319
- 5.$321
A state-minimum policy is the cheapest option for those looking to save on their premiums. While these policies meet the state’s minimum requirements, liability-only coverage may not offer enough coverage protection in case of an accident.
For example, if two injured passengers accumulated a medical bill of $60,000, a state minimum-insurance policy only covers up to $50,000 total injuries, leaving you to pay the remaining $10,000 out of pocket.
Illinois Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $20,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
Cheapest Car Insurance in Peoria if You Have Driving Violations
A bad driving record, including a history of speeding tickets, at-fault accidents and DUIs, typically leads to higher premiums.
The following companies offer the lowest rates, on average, for these violations:
- Cheapest After a Ticket: GEICO, $593 per year
- Cheapest After an At-Fault Accident: GEICO, $706 per year
- Cheapest After a DUI: State Farm, $724 per year
Drivers can reduce their car insurance rates over time by improving their driving behaviors. However, since violations may stay on record for a minimum of a year, one effective way to reduce cost immediately is to shop around for companies that offer cheap policies after a driving violation.
Cheapest Car Insurance in Peoria With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$593
- 2.$706
- 3.$724
- 4.$818
- 5.$851
Average Cost of Car Insurance in Peoria
Peoria$791
Illinois$1,134
U.S.$1,424
If you analyze the average rate of car insurance in Peoria, it comes out lower than the averages for Illinois and the United States. Drivers in Peoria pay roughly $343 less per year than the average driver in Illinois. Car insurance in the state costs $1,134 on average, making Peoria’s rate 30.2% lower. The difference becomes even larger when compared to the national average, which is at $1,424 per year. That’s a 44.5% difference, which translates to $633.
Personalized Quotes to Get You the Cheapest Car Insurance in Peoria
Insurers use several factors to determine your car insurance quote. These include your car’s make and model, the number of miles driven yearly and the coverage levels you want to purchase. Comparing quotes regularly from different car insurance carriers is encouraged because it may earn you savings from discounts or rebates as your circumstances change.
Compare Car Insurance Rates in Peoria
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Peoria
MoneyGeek analyzed car insurance companies based on average rates, claims ratings and user satisfaction scores to find the best car insurance companies in Peoria, Illinois. Based on our analysis, the top insurance companies in Peoria are:
- GEICO: MoneyGeek score of 95 out of 100
- State Farm: MoneyGeek score of 86.40 out of 100
We excluded USAA from this analysis, but it received a MoneyGeek score of 82.80 out of 100, making it one of Peoria's top car insurance companies for drivers with a military background.
1
GEICO
Score:95
GEICO offers the best car insurance in Peoria at $495 per year, ranking first for affordability in the city. GEICO also scores highly in user satisfaction. Drivers in Peoria can purchase multiple coverage options, including mechanical breakdown insurance.
More About GEICO
Mechanical breakdown insurance coverage is an add-on you may include in your policy to cover all parts and systems in the car, including those not under dealer warranty. However, only drivers with cars less than 15 months old and with fewer than 15,000 miles are eligible for this coverage. You can also purchase GEICO's accident forgiveness as an optional coverage, which protects your car insurance premiums from increasing after an at-fault accident. GEICO also offers other standard optional coverages, including rental car and travel reimbursement and roadside assistance.
Read MoneyGeek's GEICO auto Insurance Review2
State Farm
Score:86
State Farm's car insurance in Peoria costs an average of $663 per year. State Farm ranks high for affordability, user satisfaction and claims. The provider also offers policyholders add-on coverages like rideshare insurance.
More About State Farm
If you are working with a rideshare app, State Farm's rideshare insurance may interest you. With this add-on coverage, support for medical costs, emergency roadside assistance and rental car reimbursement will remain in place. Drivers in Peoria can also get standard add-on coverages like roadside assistance to cover the cost of services like towing, gas delivery and mechanical labor when your car breaks down. State Farm's rental car and travel reimbursement coverage will also cover travel expenses incurred while your car is under repair.
Read MoneyGeek's State Farm auto Insurance ReviewAverage Cost of Car Insurance by Postal Code
Insurance providers also use your ZIP code when computing the cost of car insurance in Peoria. Your postal code determines the risk level of your neighborhood. Factors like the number of car accidents, auto thefts and uninsured motorists may cause your annual premium to increase.
The difference in rates between postal codes in Peoria is negligible. Car insurance quotes in Peoria for the 61614 ZIP code average $789 per year. In comparison, those with a 61604 ZIP code pay $792 yearly. That’s only a $3 difference. You can also use postal codes to compare statewide car insurance rates in Illinois.
- Zip CodeState Minimumper year
- 61614$789
- 61604$792
Factors That Impact Insurance Costs in Peoria
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 Peoria. How Peoria ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
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