Updated: September 18, 2026
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Cheapest Car Insurance Companies and Rates in Peoria, IL:
GEICO has the cheapest minimum coverage in Peoria at $29 per month. Erie Insurance is slightly more expensive at $33 per month, a $4 monthly difference. If you're deciding between GEICO and Erie, it may help to know that Erie sells through local agents, while GEICO handles claims entirely through its app.
GEICO also offers the cheapest full coverage in Peoria at $64 per month, $11 less than Auto-Owners at $75 per month. Although GEICO is cheaper, Auto-Owners has the upside of local agent access and identity-theft coverage through its Personal Automobile Plus package. That might matter more to full coverage buyers who want more comprehensive care and guidance on the claim-handling proess.
Your individualized rate depends on your age, driving record, credit profile and other factors, so getting quotes from several carriers is the best way to find your lowest rate.
| Geico | $29 | $64 | -39% |
| Auto Owners | $33 | $75 | -29% |
| Erie Insurance | $33 | $96 | -16% |
| Travelers | $52 | $93 | -5% |
| AAA | $55 | $94 | -2% |
Auto-Owners is the cheapest full coverage carrier for teens and young drivers aged 16–25 in Peoria, averaging $169 per month ($2,033 per year). GEICO is the second-cheapest at $183 per month, a $166 annual difference.
If your teen is currently insured through GEICO, switching to Auto-Owners saves $166 a year and gives you more local resources for personal help with claims-filing and finding discounts, enough to be worth the paperwork for most families.
Re-shop when your teen turns 25; that's the age most Illinois insurers phase out the young-driver surcharge entirely, regardless of carrier.
| Auto Owners | $169 | $2,033 |
| Geico | $183 | $2,199 |
| Erie Insurance | $191 | $2,292 |
| Country Financial | $204 | $2,445 |
| Travelers | $223 | $2,681 |
In Peoria, GEICO offers the cheapest full coverage car insurance for seniors at $71 per month, or $853 a year — $34 less expensive than Auto-Owners at $105 per month.
Sticking with the priciest option instead of shopping around costs seniors real money: Allstate charges $200 a month for the same coverage, $1,550 more a year than GEICO for an identical senior profile, the widest carrier spread of any driver segment in Peoria.
Illinois law requires insurers to apply a mature driver discount to drivers 55 and older with a clean record who complete a Secretary of State-approved safety course, typically worth 10%. Applied to GEICO's $71 monthly rate, that drops the bill to about $64, saving roughly $85 a year.
| Geico | $71 | $853 |
| Auto Owners | $105 | $1,260 |
| AAA | $117 | $1,409 |
| Travelers | $124 | $1,488 |
| Country Financial | $128 | $1,535 |
For high-risk drivers in Peoria, Erie is the cheapest after a speeding ticket, raising its clean-record rate by just 10%, from $33 to $36 a month. GEICO is cheapest both for a DUI at $60 a month and for an at-fault accident at $43 a month.
A DUI conviction in Illinois requires an SR-22 filing for three years. Once that window closes, re-shop; GEICO's own DUI rate is more than double its clean-record rate in the meantime.
| Clean | Geico | $29 | $346 |
| Speeding Ticket | Erie Insurance | $36 | $432 |
| At-Fault Accident | Geico | $43 | $516 |
| DUI | Geico | $60 | $716 |
A DUI produces the widest carrier spread in Peoria, ranging from GEICO's $60 a month up to Farmers' $150, a $90 range depending on who you call. That's also the largest percentage jump: GEICO's rate more than doubles, up 107% from its $29 clean-record rate.
At-fault accidents raise rates 30–79% depending on the carrier, and speeding tickets add 10–39% — the most forgiving carrier by far being Erie with just a 10% increase.
Clean-record rates in Peoria only differ by about $4 a month between the two cheapest options, but that gap balloons to $90 a month after a DUI, so shopping around matters far more once you have a violation on your record than it does with a clean one.
On average across all driver profiles, Peoria drivers pay $111 a month for full coverage and $64 a month for minimum coverage, compared to Illinois averages of $84 and $40. That's $27 more per month for full coverage (32% above the state) and $24 more for minimum coverage (60% above the state.) Young drivers pay the most of any bracket, averaging $255 a month for full coverage.
Minimum coverage in Peoria proportionally much higher above the state average than full coverage does, which hints that accident and claims risk — not vehicle theft or repair costs — is the bigger driver of Peoria's higher minimum coverage prices.
Full Coverage | $111 | $84 |
Minimum Coverage | $64 | $40 |
Switching from Erie to GEICO for minimum coverage saves Peoria drivers $42 a month, or $504 a year, the widest carrier difference in the city. Timing your shopping around a violation and matching your coverage to your car's value stack more savings on top. Here's how to capture all of it.
GEICO's minimum coverage rate of $29 a month beats Allstate's $71 by $42 a month. For full coverage, GEICO's $64 also beats Erie's $96 by $32 a month.
If your car's actual cash value is low relative to your premium and it isn't financed or leased, dropping comprehensive and collision with GEICO drops your rate from $64 to $29 a month, a $35 monthly difference. Your lender will likely require you to keep full coverage on a car until it's paid off.
GEICO's DUI rate of $60 a month is more than double its $29 clean-record rate. Illinois' SR-22 requirement runs three years from conviction, so mark your calendar and start requesting quotes about a month before it expires.
Illinois law requires insurers to apply this discount, typically 10%, once you complete a Secretary of State-approved course and submit your certificate; it isn't applied automatically.
Minimum coverage ranges from $29 to $71 a month depending on the carrier, while full coverage averages $111 a month citywide, $27 above the Illinois average of $84.
Yes. Peoria's full coverage average of $111 a month runs 32% above the Illinois average, and Peoria County had the fifth-highest per-capita rate of auto-related crime in the state in 2023.
GEICO is the cheapest car insurance company in Peoria, at $29 a month for minimum coverage and $64 a month for full coverage.
A DUI raises GEICO's minimum coverage rate from $29 to $60 a month, a 107% increase, and Illinois requires an SR-22 filing for three years afterward.
Auto-Owners is cheapest for teens and young drivers in Peoria at $169 a month for full coverage on a family policy. Drivers under 18 cannot get their own policy.
We analyzed hundreds of thousands of Peoria 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 and coverage level.
Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer in Connecticut and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.
