Best & Cheapest Car Insurance Quotes in Chicago (2023)
Best & Cheapest Car Insurance Quotes in Chicago (2023)
State Farm is the cheapest insurance company in Chicago, offering an average rate of $46 per month.
The average cost of minimum coverage auto insurance in Chicago is approximately $81 per month.
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Best cheap car insurance quotes in Chicago, IL
The difference between the cheapest and most expensive company for a minimum policy is $94 per month, which shows how important it is to weigh all your options.
More than 2 million people call Chicago home, with millions more people commuting daily into the "Windy City." With driving comes car insurance, and many Chicagoans need to buy or renew a policy every six months. Finding the best deal can be time-consuming, and it’s difficult to figure out where to start searching. Keep in mind that rates can vary by hundreds or thousands of dollars per year depending on your background and where you shop.
Cheapest minimum coverage insurance in Chicago
State Farm is the insurance company with the cheapest price in Chicago, with an average rate of $46 per month.
Country Financial, Travelers and Progressive also have below-average rates. The average price in the city is $81 per month.
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The cheapest insurance policy is one that has the smallest amount of coverage needed to legally drive in the state of Illinois (in other words, the minimum coverage policy). State Farm has the best price for drivers looking for a minimum policy, but it’s important to remember that your driving history and profile can make your quote very different from the one listed above.
Cheapest car insurance quotes in Chicago
Company | Monthly rate | |
|---|---|---|
| State Farm | $46 |
| Country Financial | $57 |
| Travelers | $63 |
| Progressive | $65 |
| American Family | $69 |
| Geico | $107 |
| Allstate | $128 |
| Farmers | $140 |
| USAA* | $56 |
*USAA is only available to current and former military members and their families.
Cheapest company in Chicago for full coverage insurance
State Farm also has the cheapest full coverage policy, with an average price of $106 per month. That's 46% cheaper than the city average of $194.
Chicago is the largest city in Illinois and the third most populous city in the country, so it’s little wonder that the city’s insurance prices tend to be higher than the state average. Insurance rates in Chicago are $50 per month more expensive than the state average.
Company | Monthly rate |
|---|---|
| State Farm | $106 |
| Travelers | $142 |
| Country Financial | $152 |
| Progressive | $152 |
| American Family | $176 |
| Geico | $264 |
| Farmers | $307 |
| Allstate | $310 |
| USAA* | $135 |
*USAA is only available to current and former military members and their families.
A full coverage policy includes comprehensive and collision coverage on top of the state's minimum coverage requirements.
Most drivers in Illinois have comprehensive insurance. Comprehensive coverage protects you from damage caused by "acts of God," or events that are completely out of your control. A few examples include:
- Natural disasters, including thunderstorms, tornadoes, hail and snowstorms
- Vandalism or theft
- Fires or explosions
- Falling objects
Collision coverage is what you rely on when you crash into another car or object. Most car accidents will fall under collision coverage guidelines. For instance, it will insure you when:
- Hitting another car when the accident is your fault
- Hitting an object
- Your vehicle flips over
- You're a victim of a hit-and-run when you’re unable to use uninsured motorist coverage
- You drive into a ditch
Comprehensive and collision coverage are meant to protect your car in case of an accident. You should get a full policy if you are leasing or financing your vehicle, your car is less than 10 years old or your car is worth more than $5,000. Otherwise, you’ll often be spending more on insurance than your vehicle is worth.
Cheap car insurance for drivers with prior incidents
State Farm has the cheapest prices for drivers after an accident, DUI or speeding ticket.
Travelers has the cheapest policies for Chicago residents with bad credit.
Cheapest car insurance after a speeding ticket
State Farm has the lowest rates for drivers with a speeding ticket in Chicago, with an average cost of $114 per month for full coverage. That's less than half the price of the city average.
Company | Monthly rate |
|---|---|
| State Farm | $114 |
| Travelers | $182 |
| Country Financial | $202 |
| Progressive | $203 |
| American Family | $209 |
On average, a speeding ticket will raise the price of insurance in Chicago by 29%.
Cheapest car insurance for drivers with prior accidents
State Farm has by far the lowest rates for Chicago drivers after an at-fault accident. Its average cost of $124 per month for full coverage is 39% cheaper than the second-cheapest major company.
Company | Accident rate |
|---|---|
| State Farm | $124 |
| Travelers | $203 |
| Country Financial | $228 |
| Progressive | $242 |
| American Family | $266 |
Accidents will have one of the biggest effects on your auto insurance rates. If you have a history of accidents, your insurance company will probably increase prices, as it sees you as a higher risk. Certain companies in Chicago increase insurance costs by only 7%, while others raise them by more than 85%.
In the event that you are involved in an accident, you will not only see a base price increase but also could lose certain discounts. A driver with a clean driving history can consider investing in accident forgiveness. It can protect you from the egregious price hikes that come with getting into an accident. However, the accident will still be on your record.
Cheapest Chicago car insurance after a DUI
State Farm has the cheapest rates for Chicago drivers after a DUI conviction, with an average of $114 per month for full coverage. That's a monthly savings of $57.
Company | Monthly rate |
|---|---|
| State Farm | $114 |
| Progressive | $171 |
| Travelers | $214 |
| Country Financial | $239 |
| American Family | $317 |
A DUI is one of the most serious offenses you can commit. On average, a DUI raises the price of a car insurance policy by 57% in Chicago.
Cheapest car insurance for Chicago drivers with poor credit
Travelers is the cheapest option for car insurance for Chicago drivers with bad credit. The company's rate of $220 per month for full coverage edges out the second-cheapest option, State Farm.
Company | Monthly rate |
|---|---|
| Travelers | $220 |
| State Farm | $229 |
| Country Financial | $232 |
| Progressive | $253 |
| American Family | $304 |
In Chicago, you'll pay an average of 71% more if you have bad credit.
Your credit score doesn't have anything to do with your ability to drive. However, insurance companies say drivers with poor credit tend to file more claims and are more expensive to cover.
Cheapest auto insurance for young drivers
Country Financial offers the cheapest quotes for young drivers in Chicago.
A minimum coverage policy for an 18-year-old driver from Country Financial costs $147 per month, just a bit cheaper than State Farm. If you want full coverage, State Farm is the cheapest option for teen drivers in Chicago, at $324 per month.
Monthly car insurance rates for young drivers
Company | Liability only | Full coverage |
|---|---|---|
| Country Financial | $147 | $369 |
| State Farm | $148 | $324 |
| Travelers | $201 | $428 |
| Progressive | $207 | $594 |
| Geico | $245 | $603 |
Since young and inexperienced drivers are more likely to be involved in car accidents, it’s no surprise that companies charge a much higher rate to offset the risk.
In fact, 18-year-old drivers can expect to pay three to four times more than the average 30-year-old in Chicago. This makes it crucial for young drivers to do as much research as possible to ensure that they get the best rates.
You can also consider combining insurance plans with your parents if you’re a young driver. The cost of a combined policy will be cheaper than if you get two separate policies.
There are other ways to save money if your income is low or if these rates are out of your desired price range. One of the most important actions you can take is to look at other companies outside of this list.
A measure that all drivers should take is to look for discounts. Most insurance companies offer discounts, some of which you may currently qualify for:
Good student
Having a good academic record or achieving a certain GPA
Car safety
Installing safety, security or anti-theft devices, such as anti-lock brakes or cameras
Safe driver
Taking a defensive driving course or not getting into an accident for a certain amount of time
New car
If your car is newer than a certain age or you are the first owner of a car
Cheapest car insurance for married drivers
State Farm has the lowest rates in Chicago for married drivers, with an average of $106 per month, despite not giving a discount to married drivers. Progressive gives the biggest discount to married drivers, at 16%.
Company | Monthly rate |
|---|---|
| State Farm | $106 |
| Progressive | $127 |
| Country Financial | $131 |
| Travelers | $143 |
| American Family | $176 |
In Chicago, married drivers pay 6% less for full coverage. Married drivers are statistically less likely to get into an accident and thus pay lower rates.
Best car insurance company in Chicago by customer service
USAA has the top-rated customer service in Chicago.
The company gets a low rate of complaints and sits atop J.D. Power's claims satisfaction survey. However, USAA is only available to military members, veterans and their families.
If you are not eligible for USAA, State Farm is another strong option in Chicago.
Best car insurance companies in Chicago, IL
Company |
Editor's rating
|
|---|---|
| State Farm | |
| USAA | |
| Geico | |
| American Family | |
| Farmers | |
| Travelers | |
| Allstate | |
| Country Financial | |
| Progressive |
Price and customer service are equally important when it comes to determining which insurance company you should buy a policy from. Nothing builds trust more than seeing a company put in the work to make sure that the claims process is smooth and all your questions are answered.
How car insurance costs change by neighborhood in Chicago
Drivers in Chicago's Lakeview neighborhood, ZIP code 60657, pay the least for car insurance in the city, while drivers in West Englewood, ZIP code 60636, pay the most.
Where you live in the city can impact your rates, with factors like crime and uninsured drivers raising the price of a policy. In Chicago, the difference between the cheapest and most expensive ZIP codes is $68 per month.
Full coverage quotes in Chicago by ZIP code
ZIP code | Neighborhood | Average monthly cost | Difference from average |
|---|---|---|---|
| 60018 | Rosemont | $170 | -12% |
| 60601 | New Eastside | $166 | -14% |
| 60602 | Loop | $166 | -14% |
| 60603 | Grant Park | $172 | -11% |
| 60604 | South Loop | $173 | -11% |
Minimum auto insurance requirements in Illinois
Almost all of the 50 states have a minimum amount of coverage all drivers are required to hold to be able to legally drive. In Illinois, the amount of coverage you need to carry is higher than in most other states but overall is still a small amount of car insurance to adequately protect you.
Coverage type | Amount required |
|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident |
| Property damage liability | $20,000 per person |
| Uninsured motorist bodily injury liability | $25,000 per person / $50,000 per accident |
Just meeting the minimum requirements might be tempting considering that insurance rates are higher in Chicago than in most areas of Illinois. However, simply getting the bare necessity may not be the best choice for your situation.
If your car is expensive or new, we recommend that you buy extra protection. In the event that you do get into a severe accident, you’ll spend way more money paying for damage than if you bought extra coverage.
Frequently asked questions
How much is car insurance in Chicago?
Minimum coverage car insurance in Chicago costs an average of $81 per month, while full coverage is $194 per month. Those rates are around 34% higher than the Illinois state average rates.
Who's the cheapest car insurance company in Chicago?
State Farm offers the cheapest car insurance rates in Chicago. The company's average minimum coverage rate is $46 per month and its full coverage rate is $106 per month.
What's the best car insurance company in Chicago?
USAA and State Farm are the best-rated car insurance companies in Chicago. Both have a good combination of reliable customer service, coverage options and low prices. USAA, however, is only available to current and former military members and some members of military families.
Methodology
ValuePenguin collected quotes from top insurance companies across Chicago. Unless otherwise stated, quotes are for a 30-year-old man with a 2015 Honda Civic EX, good credit and a clean driving record.
Minimum coverage rates match the state minimums in Illinois, while full coverage policies include more liability coverage, plus comprehensive and collision.
Coverage type | Coverage limits |
|---|---|
| Bodily injury liability | $50,000 per person / $100,000 per accident |
| Property damage liability | $50,000 per accident |
| Uninsured/underinsured motorist bodily injury liability | $50,000 per person / $100,000 per accident |
| Uninsured/underinsured motorist property damage | $50,000 per accident |
| Comprehensive and collision | $500 deductible |
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.