Best Cheap Car Insurance In Chicago, IL For 2024

State Farm is my choice for the best auto insurance company in Chicago, IL.

min read -
Updated: 16 May 2024
Written by Doug Schaffer
On this page Open

Over 30 hours, our team reviewed 58 car insurance quotes from 19 different carriers in Chicago. After reviewing the results, State Farm and Auto-Owners were two of the top insurance providers in the region.

While State Farm was the best overall car insurance company, Auto-Owners was the most affordable for those with driving violations and those looking for minimum or full coverage.

Even though the average cost of coverage in Illinois was around $150 per month, the average monthly rates in Chicago were slightly higher, around $164.

Cheapest Car Insurance In Chicago, IL 2024

Cheapest Car Insurance, Chicago 2024

Compare The Cheapest Car Insurance Companies In Chicago, IL

Overall Rating Best For JD Power Rating Average Annual Cost AM Best Rating Get A Quote
State Farm
4.9

Best Affordable Coverage

842

$1,070

A++

Instant Quote
Auto-Owners
4.6

Minimum Coverage

837

$539

A++

Instant Quote
Auto-Owners
4.6

Full Coverage

837

$967

A++

Instant Quote
USAA
4.8

Young Drivers

881

$1,334

A++

Instant Quote
Mercury
4.1

Senior Drivers

829

$922

A

Instant Quote
Auto-Owners
4.6

Driving Violations

837

$1,236

A++

Instant Quote
Scroll to see comparisons

Our Methodology

To find the cheapest car insurance rates in Chicago, we analyzed findings from numerous car insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We also utilize the combined twenty-five years of experience from our team of insurance experts to evaluate each carrier.

It’s important to note that even though the rates listed in this guide are accurate, premiums shift daily and can fluctuate based on each driver.

60

Quotes Analyzed

15+

Years Of Industry Experience

20

Brands Reviewed

19+

Research Hours

Cheapest Car Insurance Companies In Chicago, IL


Best Overall Rates In Chicago

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Payouts
9/10 Coverage Level

Why We Like Them

Sometimes choosing the most affordable option doesn’t mean receiving the best quality and service. However, State Farm has found a way to stay true to its customer-first approach while minimizing costs. On average, a car insurance policyholder with State Farm will pay around $900 for coverage.

State Farm continuously ranks as one of Chicago’s most affordable car insurance options. It also has some of the highest scores for overall customer service ratings, and many people have had wonderful experiences when dealing with local agents.

Anyone shopping around for an auto insurance policy should consider State Farm on their list.

Benefits & Drawbacks

Benefits
  • Exceptional customer service ratings
  • Affordable coverage options for most driving categories
  • Strong financial ratings on J.D. Power and AM Best
  • Local agents are available for in-person meetings
Drawbacks
  • A limited number of customizable options are available
  • Lack of gap insurance for policyholders

Cheapest Overall Car Insurance Rates In Chicago

Company Average Rate Per Year
State Farm $1,072
GEICO $1,175
Travelers $1,181
Allstate $1,416
AAA $1,598

Cheapest Coverage For Motorists With Driving Violations

Overall Rating
4.6

Key Statistics

9/10 Affordability
8/10 Customer Reviews
8/10 Payouts
8/10 Coverage Level

Why We Like Them

Some insurance providers weigh driving violations more heavily than others, making it almost impossible to afford an auto insurance policy. However, Auto-Owners has kept its core value of providing cheap car insurance to nearly all drivers, including those with at-fault accidents or DUIs on their record.

While each violation will impact the total amount you pay for coverage, many drivers can still find car insurance policies for around $1,500 per year through Auto-Owners.

While Auto-Owners doesn’t rank the highest among the big insurance carriers regarding user experience, they do offer one-on-one consultations that many customers find beneficial.

Overall, Auto-Owners is a great option for anyone with a few instances in their driving history.

Benefits & Drawbacks

Benefits
  • In-person meetings are available for anyone looking to form a relationship with an agent
  • Affordable rates for most drivers
  • Accident forgiveness and diminishing deductible are available for drivers that qualify
Drawbacks
  • Limited to only 26 states
  • There currently isn’t a way to receive a quote online
  • The company doesn’t allow policy management online

Info On The Category And How It Impacts Drivers

One of the biggest factors insurance companies use when setting your monthly premium rate is past driving history. Those with a clean driving record are seen as low-risk drivers and receive the best rates, while others with speeding tickets, DUIs, and at-fault accidents are deemed “high-risk.”

Unfortunately, drivers with instances in their driving past often receive much higher rates, making it hard to afford coverage. However, some companies like Auto-Owners are more lenient and provide perks such as accident forgiveness.

Cheapest Rates For Motorists With Driving Violations In Chicago

Company Average Rate Per Year
Auto-Owners $1,225
State Farm $1,276
Progressive $1,632
GEICO $1,713
Allstate $2,351

Cheapest Full Coverage Rates

Overall Rating
4.6

Key Statistics

9/10 Affordability
7/10 Customer Reviews
8/10 Payouts
8/10 Coverage Level

Why We Like Them

Even though Auto-Owners aren’t available in every state, they are an excellent option for drivers in Chicago. The company offers some of the cheapest full coverage rates in the state while continuing to provide a great customer experience for policyholders who like having a local agent they can visit.

While there isn’t a way to manage policies online, the company does have several perks that make up for the lack of convenience. One of the biggest advantages is the company’s accident forgiveness policy.

Most full coverage plans offered by Auto-Owners will cost around $1,032 per year.

Benefits & Drawbacks

Benefits
  • A long list of discounts is available for qualifying policyholders
  • Ranked highly for their claims process by collision experts
  • Additional coverages like gap insurance, new car replacement, and diminishing deductible are available
Drawbacks
  • Any driver needing an SR-22 will need to go through a different insurance provider
  • Coverage is only available in 26 states
  • There is no way to apply for coverage or manage policies online or with an app

Info On The Category And How It Impacts Drivers

While every driver has to have the minimum coverage mandated by the state, carrying full auto insurance is not required. However, there are benefits of paying a little more for the added protection. For example, with a comprehensive full coverage auto policy, you’ll have the following coverages:

  • Property damage liability
  • Bodily injury liability
  • Comprehensive and collision protection

Cheapest Full Coverage Auto Insurance Rates In Chicago

Company Average Rate Per Year
Auto-Owners $961
State Farm $1,099
GEICO $1,153
Travelers $1,181
Allstate $1,415

Cheapest Minimum Coverage Rates

Overall Rating
4.6

Key Statistics

9/10 Affordability
7/10 Customer Reviews
8/10 Payouts
8/10 Coverage Level

Why We Like Them

If you’re in the market for a minimum coverage plan, it’s important to find a reliable company to assist you should an accident or damage occur. With Auto-Owners, you’ll have access to a local agent who knows you personally. Auto-Owners is also one of the cheapest providers in the Chicago area.

Most minimum coverage customers can expect to pay $840 annually with Auto-Owners.

Finding another insurance carrier that delivers on customer experience and affordable coverage is challenging regarding a minimum auto insurance policy.

Benefits & Drawbacks

Benefits
  • Strong financial metrics from multiple independent agencies
  • Policies are managed through local agents, allowing for a close relationship between the company and policyholders
  • Cheap rates are available for most driving categories
Drawbacks
  • There is no option to view or manage policies online or through an app
  • Coverage is only available in 26 states
  • The company doesn’t offer SR-22 filing at this time

Info On The Category And How It Impacts Drivers

While most people opt for a full coverage auto insurance policy, there are several reasons why a minimum coverage plan makes complete sense. For example, if you own multiple vehicles and rarely drive one, having that car or truck on a minimum plan is reasonable.

Likewise, if you have a college student who plans to leave their car at your house while away at school, you could switch the coverage from full to minimum to save some money.

Ultimately, a minimum coverage plan will allow you to drive a vehicle legally but will only provide you with some of the protection you need if there is an accident or wreck.

Cheapest Minimum Coverage Rates In Chicago

Company Average Rate Per Year
Auto-Owners $539
State Farm $568
GEICO $588
Travelers $677
Allstate $716

Cheapest Rates For Young Drivers

Overall Rating
4.8

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Payouts
8/10 Coverage Level

Why We Like Them

Before diving too far into USAA, it’s important to point out that the company will only offer coverage to active military members, veterans, and their family members. If you meet the criteria above, USAA should be one of the companies you include in your list of quote requests.

The insurance provider consistently ranks as one of the top companies for customer service and experience. Along with excellent performance ratings, their rates are also among the most competitive in Chicago, with young drivers paying roughly $1,632 a year for coverage. They also have attractive benefits such as accident forgiveness and new car replacement.

Benefits & Drawbacks

Benefits
  • Ranked as one of the best for customer service and experience
  • Affordable rates for nearly every type of driver
  • Accident forgiveness and new car replacement are available
Drawbacks
  • Coverage is only available for military members, veterans, and their families
  • There are no options to add gap insurance to an auto policy

Info On The Category And How It Impacts Drivers

Typically, insurance providers utilize driving history as a significant component of the premium determination process. However, using the same criteria for young drivers is challenging since they have less experience behind the wheel. Instead, many companies use data to predict how risky a teenage driver will likely be.

As more time passes and additional driver data is available, many young drivers will notice their rates decrease as they continue to practice safe driving.

Cheapest Auto Insurance Rates For Young Drivers In Chicago

Company Average Rate Per Year
USAA $1,334
Allstate $1,679
State Farm $1,434
Travelers $1,374
Erie $1,486

Cheapest Rates For Senior Drivers

Overall Rating
4.1

Key Statistics

8/10 Affordability
6/10 Customer Reviews
7/10 Payouts
7/10 Coverage Level

Why We Like Them

Even though Mercury Insurance doesn’t score as well as some other providers, they have the most affordable rates for seniors living in the Chicago area, with an average annual cost of $1,053. Mercury also offers additional perks and add-ons for policy members, including ride-sharing and mechanical breakdown coverage.

Benefits & Drawbacks

Benefits
  • Affordable coverage for senior drivers and drivers with a clean record
  • Additional coverage for ride-sharing drivers is available
Drawbacks
  • Higher than normal amount of customer complaints
  • There aren’t many options to customize auto insurance policies
  • Coverage is only available in 11 states

Info On The Category And How It Impacts Drivers

Unlike younger drivers, senior drivers have spent many years behind the wheel and developed a lot of data for insurance companies to use when setting rates. If a driver has maintained a relatively clean driving record for most of their life, they are likely to have rates that are often below average.

Some insurance companies will also give senior drivers a lower rate if they only use their vehicles sparingly. Since fewer opportunities exist for accidents, providers often see seniors as a “low-risk” class of drivers.

Most Affordable Vehicle Insurance Rates For Senior Drivers In Chicago

Company Average Rate Per Year
Mercury $922
State Farm $989
GEICO $1,058
Travelers $1,184
Allstate $1,371

Average Cost Of Car Insurance In Chicago, IL

Company Average Rate Per Year
Auto-Owners $966
State Farm $1,091
GEICO $1,159
Travelers $1,179
Allstate $1,425

Average Cost Of Auto Insurance In Chicago – By Age

Age Group Average Monthly Rate
Teenagers $337
Under 25 $240
25-29 $181
30s $169
40s $172
50s $146
60s $155
70s $138
80s $158

Average Cost In Chicago – By Gender

Gender Average Monthly Cost
Female $91
Male $93

Average Cost In Chicago – Marital Status

Marital Status Average Monthly Cost
Single $92
Married $86

Average Cost Of Car Insurance In Chicago – By Accident And Violation History

Violation/Incident Type Average Monthly Rate
Clean Record $189
Speeding Ticket $253
DUI/DWI $376
At-Fault Accident $270

Average Cost In Chicago – By Credit Tier

Credit Tier Average Monthly Rate
Excellent $83
Good $99
Fair $142
Poor $173

Average Cost In Chicago – By Zip Code

Zip Code Average Monthly Cost
60657 $54
60614 $54
60608 $56
60618 $57
60647 $57
60640 $57
60632 $58
60634 $58
60629 $58
60625 $58

Minimum Car Insurance Requirements In Illinois

The state requires drivers in Illinois to carry auto insurance coverage to operate a motor vehicle legally. Below are the minimum amounts of coverage you’ll need to purchase:

  • $25,000 for injury or death of one person in an accident
  • $50,000 for injury or death of more than one person in an accident
  • $20,000 for damage to the property of another person

Failure to meet the minimum requirements could lead to fines of up to $1,000 or/and the revocation of your driver’s license for a set period.

How To Buy Car Insurance In Chicago

One of the most challenging parts of buying car insurance isn’t the actual purchasing of the policy — it’s understanding the steps you need to take to get coverage. If this is your first time buying coverage, it can feel overwhelming when it comes time to compare policy options.

To help you better understand what to expect throughout the car insurance process, here are five tips/steps you’ll want to make sure you follow:

  • Step 1: Gather all important information ahead of time (EX: vehicle information, driver’s license numbers, policy member personal information, and driving history)
  • Step 2: Identify the amount of coverage you’ll need to comply with Illinois law
  • Step 3: Decide whether to purchase your policy online or through a local agent
  • Step 4: Compare at least three auto insurance quotes from different carriers
  • Step 5: Purchase your policy and update your previous car insurance company about the transition

Factors That Impact Cost Of Your Car Insurance Policy In Chicago

Many elements can ultimately impact your monthly car insurance premium. For example, the zip code you live in can significantly determine the rates you receive from insurance providers. If you’re currently located in a region with a higher average of auto theft or vandalism, you’ll likely pay more for coverage.

Although location is an important factor car insurance companies look at, they’ll also consider the following items when setting your rates:

  • Driving history
  • Vehicle type
  • Average annual mileage
  • Credit history
  • Marital status
  • Age
  • Gender
  • State-mandated insurance requirements

Car Insurance Discounts In Chicago

Purchasing auto insurance in Chicago isn’t just about finding the lowest premium. Several companies offer a wide range of discounts that could help significantly reduce the amount you pay each month for coverage. Below are a few discounts you should look into before purchasing a car insurance policy:

  • Paid in full
  • Multi-vehicle
  • Multi-policy
  • Military
  • Senior
  • Student away
  • Good student
  • Safe driver
  • Defensive driving
  • Low mileage
  • Accident-free

FAQs

Why is Illinois car insurance so high?

Even though many factors go into the total monthly premium drivers pay in Illinois, there is one element that has caused rates to increase significantly over the past few years — uninsured drivers. With nearly 15% of motorists driving without insurance, insurance companies are increasing premiums to help cover the cost of uninsured accidents.

How much is car insurance in Illinois a month?

The city you live in can impact your auto insurance coverage rates. However, on average most Illinois drivers can expect to pay around $150 monthly for a full coverage car insurance policy.

Which company offers the cheapest car insurance?

Drivers in Chicago looking for the cheapest car insurance should choose to purchase their plan through State Farm. The insurance carrier is more affordable than other options in the city, with an average annual cost of around $900.

Go back to top