Cheapest car insurance in Peoria, IL

In a dedicated 30-hour stretch, our team sifted through 58 car insurance quotes from 19 different providers in Peoria. After careful analysis, we identified State Farm and Auto-Owners as the top choices for insurance in the area.

State Farm shines as the ultimate auto insurance company overall, while Auto-Owners stands out for being budget-friendly, especially for those with driving offenses or those who want basic or comprehensive coverage.
Even though the usual monthly insurance cost in Illinois is about $150, Peoria’s average monthly rates are slightly higher, at around $194.

In the next parts of this guide, we’ll dive into how things like age, gender, location, and driving history affect the monthly cost of insurance for drivers in Peoria.

Cheapest Overall Rates in Peoria

Your driving history plays a significant role in the monthly premium rates established by insurance companies. Individuals with clean driving records are seen as low-risk drivers, resulting in more favorable rates. Conversely, those with speeding tickets, DUIs, or at-fault accidents are categorized as “high-risk.”

Regrettably, people with past driving incidents often face noticeably higher premium rates, which can pose affordability challenges. However, some companies, like Auto-Owners, take a more lenient approach and provide benefits such as accident forgiveness.

Cheapest Rates for Motorists with Driving Violations in Peoria

Although having the minimum state-required coverage is a must for all drivers, opting for comprehensive full auto insurance is up to you. But there are perks to investing a little more for added protection. With a complete full coverage auto policy, you get these coverages:

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

Cheapest Full Coverage Rates in Peoria

Typically, insurance companies consider driving history a major factor when calculating premiums. Yet, assessing young drivers using the same criteria can be challenging due to their limited time on the road. Instead, many companies rely on data to anticipate the potential risks tied to teenage drivers.

As time goes on and more driver data is collected, many young drivers will likely observe their rates decreasing as they consistently adopt safe driving habits.

Cheapest Rates for Young Drivers in Peoria

Unlike younger drivers, seniors bring years of driving experience, giving insurance companies a wealth of data to consider when setting rates. If a senior driver has maintained a relatively clean driving record throughout their life, it’s common for their rates to be below average.

Furthermore, certain insurance companies might offer seniors lower rates if they use their vehicles less frequently. With fewer chances of accidents, providers often categorize seniors as “low-risk” drivers.

Cheapest Rates for Senior Drivers in Peoria

While plenty of folks lean towards comprehensive auto insurance, there’s a clever case to be made for choosing a minimal coverage plan. Picture this: you’ve got a fleet of vehicles, but one hardly sees the light of day. In that scenario, going with a basic plan for that seldom-used car is a smart move.

And if you’ve got a college-bound kid whose wheels will be chilling at home while they hit the books. You might want to dial down from full to minimum coverage for those wheels and pocket some savings.

In the end, a minimal coverage plan lets you stay road-legal and offers a safety net for fender-benders without going all out.

Cheapest Minimum Coverage Rates in Peoria

Average cost of car insurance in Peoria, IL

Average cost in Peoria – By age

Average cost in Peoria – By Gender

Average cost in Peoria – Marital Status

Average cost in Peoria – By accident and violation history

Average cost in Peoria – By credit tier

Average cost in Peoria – By Zip code

Minimum car insurance requirements in Illinois

In Illinois, auto insurance coverage is mandatory for legally operating a motor vehicle. The law specifies the following coverage amounts:

• $25,000 for injury or death of one person in an accident
• $50,000 for injury or death of multiple people in an accident
•  $20,000 for damage to someone else’s property

Not meeting these minimum requirements could result in fines of up to $1,000 and/or the temporary suspension of your driver’s license.

How to buy car insurance in Peoria

Navigating the realm of car insurance brings its challenges, not in securing the policy itself, but in understanding the steps to secure the coverage you need. If you’re new to this process, comparing policy options might feel like diving into the unknown.

To shed light on what lies ahead during your car insurance journey, here are five essential checkpoints you should be sure to follow:

Step 1: Gather all the necessary information upfront (such as vehicle details, driver’s license numbers, personal info of policy members, and driving history).
Step 2: Define the coverage amount required to meet Illinois legal obligations.
Step 3: Make the call on whether to buy your policy online or partner with a local agent.
Step 4: Compare quotes from at least three distinct auto insurance providers.
Step 5: Seal the deal on your policy purchase and send out the word to your previous insurer about the switch.

Factors that impact cost of your car insurance policy in Peoria

The calculation of your monthly car insurance premium is a puzzle pieced together by various factors. Take your zip code, for instance – it plays a pivotal role in shaping the rates handed out by insurers. Residing in an area prone to auto theft or vandalism can hike up your coverage costs.

But the spotlight isn’t solely on location. Car insurance companies also take into account these elements when crafting your rates:

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

In the news

• An ongoing proposal in Illinois aims to eliminate insurance pricing elements tied to gender, occupation, and credit scores.
• Fresh research data points out that Peoria has encountered the nation’s fourth-largest surge in auto insurance rates.

Information about Peoria

Peoria has nurtured a cultural scene that reflects the very essence of the region. Visionaries, musicians, and performers find solace here, contributing dynamic strokes of creativity to the city’s cultural landscape. Adding to Peoria’s distinction is its historical significance as the home of the Peoria National Watch Company, a testament to the city’s enduring legacy in watchmaking and craftsmanship.

Peoria’s allure goes beyond its artistic and historical facets. The city is embraced by lush natural beauty, with the Fox River running through its heart and serene parks dotting its landscape. From festivals to cultural events, Peoria continues to foster an environment where community and creativity thrive, inviting residents and visitors alike to become part of its vibrant tapestry.

Car insurance discounts in Peoria

When exploring car insurance options in Peoria, it’s about more than just finding the cheapest choice. Numerous insurers provide a variety of discounts that can notably lower your monthly coverage expenses. Let’s delve into a few of these discounts that you should definitely keep in mind before settling on your car insurance plan:

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

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