The words “cheap” and “insurance” really should not be used together, specifically when you are trying to find the cheapest auto insurance for good drivers. To save some money, let’s lead off by showing you some situations that have an effect on car insurance rates, and see if you can reduce the cost of the next policy you buy.
The type of vehicle on the policy is one of the largest considerations when shopping for economical coverage for good drivers. Vehicles with average performance, excellent safety ratings, or a track record of few liability claims will cost significantly less to insure than higher performance models.
The information below ranks insurance costs for a handful of the cheaper automobiles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,960 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,157 |
| Toyota Prius | $2,170 |
| Honda CR-V EX-L 2WD | $2,300 |
| Ford F-150 XLT Crew Cab 4WD | $2,367 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $2,376 |
| Dodge Grand Caravan SXT | $2,367 |
| Dodge Ram Quad Cab ST 2WD | $2,370 |
| Toyota Corolla XLE | $2,443 |
| Chevrolet Malibu LTZ | $2,488 |
| Nissan Rogue SL 2WD | $2,491 |
| Honda Civic EX-L 4-Dr Sedan | $2,564 |
| Ford Focus SE 4-Dr Sedan | $2,612 |
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium amounts do not factor in vehicle location which can alter auto insurance rates considerably.
Based upon these rates, models like the Ford Escape, Jeep Wrangler, Toyota Prius, Honda CR-V, and Ford F-150 are the most affordable vehicles to insure for safe drivers.
Determining which companies have the most affordable car insurance rates for good drivers calls for a tad more effort than just picking a company at random.
Each auto insurer uses a different method for establishing rates, so we need to take a look at the car insurance companies that tend to be cheaper in Illinois. It’s important to know that Chicago car insurance rates are impacted by many factors that control the cost of a policy. Simply turning a year older, moving to a new city, or getting a driving violation may generate price changes that can now make some companies cheaper than competitors.
Best Car Insurance Prices for Good Drivers
The Hartford offers some of the best car insurance rates in Chicago at around $776 annually. This is $573 less than the average policy premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Cincinnati Insurance, and Erie are also some of the cheapest Chicago, IL car insurance companies.
As shown above, if you buy coverage from Titan and switched to The Hartford, you might see an annual savings of around $84. Illinois drivers with Cincinnati Insurance might save as much as $112 a year, and Erie customers might cut rates by $138 a year.
It’s important to note that these prices are averages across all types of drivers and the different vehicles they drive and and are not calculated with a specific zip code for good drivers. So the company that fits you best may not even be in the top 36 companies shown above. That is why you need to compare as many prices as possible using your own specific driver information and vehicle.
One of the more important factors that are used to help calculate auto insurance rates is the neighborhood you call home. Areas with high crime rates or more dense population tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims benefit from lower rates.
The information below sorts the most expensive places in Illinois for good drivers in which to purchase auto insurance. Chicago is ranked #2 with an annual cost of $1,484 for the average insurance policy, which is around $124 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Cicero | $1,588 |
| 2 | Chicago | $1,484 |
| 3 | Berwyn | $1,464 |
| 4 | Skokie | $1,447 |
| 5 | Oak Lawn | $1,281 |
| 6 | Des Plaines | $1,274 |
| 7 | Evanston | $1,226 |
| 8 | Mount Prospect | $1,205 |
| 9 | Waukegan | $1,188 |
| 10 | Joliet | $1,169 |
| 11 | Elgin | $1,151 |
| 12 | Orland Park | $1,149 |
| 13 | Rockford | $1,141 |
| 14 | Arlington Heights | $1,139 |
| 15 | Schaumburg | $1,135 |
| 16 | Bolingbrook | $1,128 |
| 17 | Palatine | $1,121 |
| 18 | Tinley Park | $1,120 |
| 19 | Aurora | $1,085 |
| 20 | Peoria | $1,050 |
| 21 | Decatur | $1,044 |
| 22 | Naperville | $1,042 |
| 23 | Springfield | $1,028 |
| 24 | Bloomington | $980 |
| 25 | Champaign | $933 |
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Rate information is approximated as the specific geographic location can revise price quotes greatly.
The diagram below highlights how deductible choice can raise or lower insurance costs when trying to find cheap insurance for good drivers. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 30-year-old driver could lower their policy premium by $328 a year by switching from a $100 deductible to a $500 deductible, or save $490 by changing to a $1,000 deductible. Young drivers, like the age 20 example, could shave as much as $968 or even more by choosing a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it is a good idea to have plenty of money set aside to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Discounts on Chicago insurance rates
Insurers that offer coverage for good drivers may also offer rate discounts that can lower rates by as much as 30% if you qualify. A few of the larger companies and some of their more popular discounts include:
- Farmers Insurance has savings for youthful driver, good student, distant student, switch companies, multi-car, and business and professional.
- Esurance may include discounts for homeowner, DriveSense, safety device, anti-lock brakes, paid-in-full, anti-theft, and online quote.
- State Farm may offer discounts for safe vehicle, anti-theft, multiple autos, defensive driving training, good driver, Drive Safe & Save, and passive restraint.
- GEICO may have discounts that include military active duty, emergency military deployment, membership and employees, defensive driver, and driver training.
- Allstate offers premium reductions for farm vehicle, teenSMART discount, anti-theft, new car, EZ pay plan discount, and auto/life discount.
The diagram below shows the comparison of annual premium costs with and without discounts applied. The rates are based on a male driver, no accidents, no driving violations, Illinois state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, claim-free, anti-theft, multiple policy, safe-driver, and accident-free discounts applied. With discounts applied, the average amount saved each year on car insurance for good drivers is 28% or $306.
Who has the cheapest Chicago car insurance?
Chicago car insurance rates are impacted by many factors that control the price you pay for coverage. Getting older, getting divorced, or getting a couple of tickets can trigger changes in premium that can make some companies cheaper than competitors.
Not only may your risk profile change, but auto insurance companies modify pricing as often as every quarter in order to protect their financial rating. Heavier than normal losses may cause more expensive prices, while profitable underwriting may produce cheaper Chicago car insurance rates.
For example, the graph below shows a variety of companies that have the cheapest car insurance in Chicago, IL for a 30-year-old male driver with no prior claims, no tickets, and great credit. When comparing rates based on his current rating profile, The Hartford may offer the cheapest car insurance rates in Chicago at $1,198 a year. This is $151 less than the average price paid by Illinois drivers of $1,349. Rockford Mutual, Erie, Titan, and Cincinnati Insurance are the rest of the cheapest Chicago, IL auto insurance companies.
Let’s now give the driver from the first rate comparison an at-fault accident, poor credit, and a traffic ticket or two. Since each auto insurer has their own unique process for setting prices, comparing insurance quotes will most likely result in a different ranking of the cheapest Chicago car insurance companies as shown below.
Utica National now has the best car insurance rate in Chicago with Travelers, SECURA, State Farm, and Auto-Owners now rounding out the top five. This example illustrates why it is crucial to perform an extensive rate comparison when trying to find affordable car insurance rates for good drivers.
Insurance prices can be altered by many things and can increase or decrease at any time, so the most economical option the last time you compared rates may now not even be in the top five.
The insurance agencies below can help you make a decision which insurance coverage you need, as some drivers wish to have professional advice when trying to find lower insurance rates for good drivers. It can be difficult to find the cheapest car insurance policy, and agents can provide satisfaction knowing your policy gives you adequate protection.
To locate a Chicago car insurance agency closest to you, click the button at the bottom of the list or click here to compare price quotes now.
- Linda Kuczka – State Farm Insurance Agent
954 W Webster Ave – Chicago, IL 60614 – (773) 975-9111 - Mike Matkowskyj – State Farm Insurance Agent
2452 W Chicago Ave – Chicago, IL 60622 – (773) 486-4444 - Neal Gallo – State Farm Insurance Agent
6666 N Western Ave – Chicago, IL 60645 – (773) 743-6565 - ABI Insurance Agency
4806 N Milwaukee Ave – Chicago, IL 60630 – (773) 202-9666
More insurance agents in Chicago, IL
How to find the cheapest auto insurance for good drivers
The list below details many penny-pinching suggestions that can help Chicago drivers get more affordable car insurance.
- Do not insure for full coverage
- Improve your credit
- Save money by bundling your home and auto policies
- At-fault accidents can raise rates significantly
- Choose a safer vehicle and pay lower rates
- Ensure you have the best deal by shopping around regularly
The last idea is certainly significant, as we noted in the prior information. Prices fluctuate constantly, so don’t hesitate to change insurance companies if a more affordable rate is found.
Many drivers tend to have loyalty to a certain company, but we do not recommend it if that dedication is costing a considerable chunk of change every month. Spend a few minutes and compare rates to find cheaper auto insurance for good drivers in Chicago.