Would you prefer to buy cheaper auto insurance rates in Naperville, IL? If you’ve never shopped for Naperville auto insurance quotes online, most likely you are confused by the sheer number of companies all claiming to have the lowest rates.
Unbelievable but true, over 70% of consumers kept their coverage with the same auto insurance company for over three years, and nearly half have never even compared quotes to find lower-cost rates. Many drivers in Naperville could cut their rates by approximately 40% a year, but they don’t believe the large savings they would see if they replace their high priced policy.
You need to shop coverage around on a regular basis because rates change quite often. If you had the lowest rate on auto insurance on your last policy a different company probably has better prices today. Forget anything you know (or think you know) about auto insurance because you’re about to find out the best methods to get good coverage on auto insurance at a lower rate.
The easiest way to compare rates is to know most insurance companies actually pay money for the chance to give you rate quotes. The only thing you need to do is give them some information like if you went to college, if it has an anti-theft system, if you’re married, and your job. That information is sent automatically to many of the top insurers and they respond with quotes very quickly.
If you would like to compare rates now, click here and find out if you can get cheaper insurance in Naperville.
The companies in the list below have been selected to offer price quotes in Naperville, IL. If multiple companies are shown, it’s a good idea that you compare several of them in order to get a fair rate comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LT AWD||$880||$440||$73|
|Chevrolet Silverado LS Regular Cab 2WD||$618||$309||$52|
|Dodge Grand Caravan SXT||$948||$474||$79|
|Dodge Ram Crew Cab ST 4WD||$962||$481||$80|
|Ford Escape XLT 2WD||$742||$371||$62|
|Ford F-150 XL Super Cab 4WD||$848||$424||$71|
|Ford Focus SEL 4-Dr Sedan||$824||$412||$69|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,092||$546||$91|
|GMC Sierra SLE Regular Cab 2WD||$692||$346||$58|
|Honda Accord LX-P 4-Dr Sedan||$876||$438||$73|
|Honda CR-V EX-L 4WD||$596||$298||$50|
|Honda Civic LX-S 4-Dr Sedan||$916||$458||$76|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,238||$619||$103|
|Nissan Rogue SL 2WD||$744||$372||$62|
|Toyota Camry SE||$958||$479||$80|
|Toyota Corolla XRS||$882||$441||$74|
|Get Your Own Custom Quote Go|
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in Naperville location which can revise prices significantly.
Physical damage deductible comparison
A question often asked by Naperville drivers is where should you set your physical damage deductibles. The following insurance rates can help you understand the cost difference when you choose different insurance deductibles. The first rate comparisons uses a $100 physical damage deductible and the second pricing table uses a $500 deductible.
Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tahoe LS 2WD||$224||$406||$262||$16||$78||$1,011||$84|
|Tahoe LS 4WD||$254||$406||$262||$16||$78||$1,041||$87|
|Tahoe LT 2WD||$254||$406||$262||$16||$78||$1,041||$87|
|Tahoe LT 4WD||$254||$406||$262||$16||$78||$1,041||$87|
|Tahoe LTZ 2WD||$254||$478||$262||$16||$78||$1,113||$93|
|Tahoe LTZ 4WD||$254||$478||$262||$16||$78||$1,113||$93|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tahoe LS 2WD||$164||$274||$262||$16||$78||$794||$66|
|Tahoe LS 4WD||$186||$274||$262||$16||$78||$816||$68|
|Tahoe LT 2WD||$186||$274||$262||$16||$78||$816||$68|
|Tahoe LT 4WD||$186||$274||$262||$16||$78||$816||$68|
|Tahoe LTZ 2WD||$186||$322||$262||$16||$78||$864||$72|
|Tahoe LTZ 4WD||$186||$322||$262||$16||$78||$864||$72|
|Get a Quote for Your Vehicle Go|
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium costs do not factor in vehicle location which can impact auto insurance rates considerably.
We can derive from the above data that using a $100 deductible costs approximately $20 more each month or $240 annually than requesting the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 20 months between claims, you would most likely save money if you choose the higher deductible.
How to decide to raise your deductibles
|Average monthly premium for $100 deductibles:||$89|
|Average monthly premium for $500 deductibles (subtract):||– $69|
|Monthly savings from raising deductible:||$20|
|Difference between deductibles ($500 – $100):||$400|
|Divide difference by monthly savings:||$400 / $20|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||20 months|
One important caveat is that increasing deductibles to save money means you will have to pay more of your own money if you have a claim. It will be required that you have some funds available in order to pay the deductible for vehicle repair.
Does it make sense to buy full coverage?
The example below shows the comparison of Kia Optima yearly insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, married female driver, and no discounts are applied.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
When to drop full coverage
There is no specific rule of when to phase out full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Kia Optima book value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after the policy deductible has been paid. If premiums are more than $300 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few situations where buying only liability insurance is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Guidelines for dropping full coverage
There is no exact formula to drop comp and collision coverage, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s assume your Chevrolet Cruze claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after you pay the deductible. If you are currently paying more than $800 annually for physical damage coverage, then it might be time to buy liability only.
There are a few cases where removing full coverage is not advised. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should maintain full coverage.
Do you qualify for discounts on car insurance?
Buying car insurance is not cheap, but there are discounts available to reduce the price significantly. Larger premium reductions will be automatically applied at quote time, but some need to be requested specifically prior to getting the savings. If you are not receiving all the discounts you qualify for, you could be getting lower rates.
- Early Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save 5% or more.
- Switch and Save Discount – Some companies provide a discount for signing up prior to your current policy expiring. You could save around 10% when you buy Naperville auto insurance online.
- Accident Waiver – Not really a discount, but a handful of insurance companies permit an accident without the usual rate increase if your claims history is clear prior to the accident.
- Braking Control Discount – Cars, trucks, and SUVs with ABS and/or traction control can stop better under adverse conditions and earn discounts up to 10%.
- Discounts for New Vehicles – Buying insurance coverage on a new vehicle can cost up to 25% less because newer vehicles have to meet stringent safety requirements.
- Seat Belt Usage – Drivers who require all vehicle occupants to use a seat belt can save up to 15% off PIP or medical payments premium.
As is typical with insurance, some credits don’t apply to your bottom line cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, that’s just not realistic. But any discount will definitely lower the premium cost.
A few popular companies and their offered discounts are detailed below.
- State Farm may have discounts that include driver’s education, multiple policy, defensive driving training, accident-free, student away at school, Steer Clear safe driver discount, and multiple autos.
- Esurance policyholders can earn discounts including online quote, safety device, homeowner, good driver, Pac-12 alumni, and defensive driver.
- Progressive offers discounts including homeowner, multi-policy, good student, online quote discount, and multi-vehicle.
- Liberty Mutual has savings for preferred payment discount, new graduate, exclusive group savings, good student, new vehicle discount, and hybrid vehicle.
- Auto-Owners Insurance may offer discounts for company car, safe driver, air bags, mature driver, good student, paid in full, and student away at school.
- GEICO has discounts for air bags, anti-theft, defensive driver, seat belt use, emergency military deployment, five-year accident-free, and multi-vehicle.
Double check with all companies you are considering what discounts are available to you. Depending on the company, some discounts might not be available to policyholders in Naperville. If you would like to choose from a list of insurers who offer online car insurance quotes in Illinois, click this link.
Three reasons to insure your vehicle
Even though it’s not necessarily cheap to insure a vehicle in Naperville, insurance may be mandatory for several reasons.
- Most states have mandatory liability insurance requirements which means the state requires specific limits of liability coverage in order to get the vehicle licensed. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your vehicle has a loan, most lenders will require you to have full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank may insure your vehicle at a much higher premium rate and force you to reimburse them a much higher amount than you were paying before.
- Insurance protects both your vehicle and your assets. It will also provide coverage for hospital and medical expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers legal expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of carrying enough insurance are without a doubt worth the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver overpays as much as $830 a year so we recommend shopping around each time the policy renews to save money.
Do I need an insurance agency?
Many people prefer to buy from a local agent and we recommend doing that The biggest benefit of getting online price quotes is that drivers can save money and get better rates and also buy local. Buying insurance from local agencies is important particularly in Naperville.
Upon completion of this simple form, your coverage information is submitted to local insurance agents who want to provide quotes for your business. It makes it easy because there is no need to contact any agents because quoted prices will be sent immediately to your email address. You can find better rates AND a local agent. In the event you want to quote rates from a particular provider, you would need to go to their quote page and complete a quote there.
If you would like to find a local agent, there are two different agency structures and how they differ in how they can insure your vehicles. Auto insurance policy providers are considered either independent (non-exclusive) or exclusive.
Independent Agencies or Brokers
Agents of this type are not limited to a single company and that enables them to quote your coverage through many different auto insurance companies and potentially find a lower price. If you want to switch companies, they can switch companies in-house and you stay with the same agent. When searching for an agent, you should always include rate quotes from a few independent agents so that you have a good selection of quotes to compare. Many independent agencies also insure through smaller mutual companies which may have better rates.
Listed below is a partial list of independent agents in Naperville that can possibly get you free auto insurance quotes.
- LPR Insurance
27 Newgate Ave – Naperville, IL 60565 – (630) 778-6471 – View Map
- Atwood Insurance Agency
200 E 5th Ave – Naperville, IL 60563 – (630) 428-9905 – View Map
- Wine Sergi Insurance
1000 E Warrenville Rd #101 – Naperville, IL 60563 – (630) 513-6600 – View Map
Exclusive insurance agents can only provide pricing for a single company such as Allstate and State Farm. Exclusive agents cannot provide prices from multiple companies so they really need to provide good service. Exclusive agents are well trained on their company’s products which helps them sell insurance even at higher premiums. Many people use the same agent partially due to the brand and the convenience of having a single billing for all their coverages.
Shown below is a list of exclusive agents in Naperville that are able to give comparison quotes.
2198 Gladstone Ct – Glendale Heights, IL 60139 – (630) 351-9222 – View Map
- Farmers Insurance – Dave Daneliak
1112 S Washington St #213 – Naperville, IL 60540 – (630) 416-0700 – View Map
- Farmers Insurance: Mary Wlodarski
2948 Artesian Rd – Naperville, IL 60564 – (630) 270-3317 – View Map
Picking the best insurance agency shouldn’t rely on just a cheap quote. Here are some questions you might want to ask.
- What insurance company do they write the most business with?
- Do the agents have professional certifications like CPCU or CIC?
- If they are an independent agency in Naperville, which companies do they recommend?
- How often do they review coverages?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?