Best Auto Insurance in Naperville

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.

Insurance Costs for Popular Vehicles in Naperville
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
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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.

Chevrolet Tahoe insurance premium estimates with $100 deductibles
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
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Chevrolet Tahoe insurance premium estimates with $500 deductibles
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
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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.Save money with discounts

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.

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.

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.

More Naperville agents

Exclusive Agencies

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.

More Naperville agents

Picking the best insurance agency shouldn’t rely on just a cheap quote. Here are some questions you might want to ask.