The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, especially when comparison shopping for the best car insurance rates for state employees. In an attempt to save some money, let’s start off by going over some of the factors that determine car insurance prices, and find out if we can help you take the sting out of your next policy.
One of the many factors that aid in calculating the annual cost of car insurance is where you keep your car in Chicago. Areas with more people or higher crime rates are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.
The information below sorts the priciest cities in Illinois for state employees to purchase auto insurance in. Chicago comes in at #2 costing $1,529 for the average policy, which is about $127 per month.
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Premium amounts are estimated as the specific geographic location can change premium rates significantly.
Finding reliable, low-cost car insurance is easier said than done, and deciding which companies quote the lowest-priced insurance rates for state employees will take a bit more work.
Each company has their own guidelines to establish rates, so to begin we’ll rank the most competitive insurance companies in Chicago, IL. It’s a good idea to be aware that Chicago insurance rates are influenced by many factors that may substantially change your annual premium. Things like getting older, marrying your spouse, or getting a driving violation may generate price changes that may make certain companies much higher than others.
Lowest Insurance Price Quotes in Illinois
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The Hartford normally has some of the most affordable car insurance rates in Chicago at around $776 each year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also rank well as some of the lowest-priced Chicago, IL auto insurance companies.
As depicted above, if you buy coverage from Rockford Mutual and switched to The Hartford, you may see yearly savings of upwards of $37. Drivers with Titan might save as much as $102 a year, and Erie insureds might see rate reductions of $138 a year.
To get a quick, customized rate comparison, click here to start a quote or visit several of the following companies.
It’s important to note that these premiums are averaged across all types of insureds and vehicles and and are not calculated with a specific vehicle garaging location for state employees. So the car insurance company that has the lowest price for you may not even be in the top 36 companies in the list above. That illustrates why you need to get car insurance quotes using your own personal information and vehicle type.
How to get discounts on Chicago auto insurance
Insurance companies that provide coverage for state employees may have discounts that can lower rates by as much as 35% or more if you meet specific criteria. A list of insurance companies and some of the discounts are:
- State Farm discounts include good student, multiple autos, multiple policy, anti-theft, defensive driving training, passive restraint, and student away at school.
- GEICO offers discounts for multi-vehicle, five-year accident-free, emergency military deployment, multi-policy, and military active duty.
- Allstate may have discounts that include FullPay discount, early signing, premier discount, premier plus, and passive restraint.
- SAFECO may include discounts for accident prevention training, multi-car, teen safe driver, drive less, and teen safety rewards.
- Farm Bureau offers discounts including multi-policy, multi-vehicle, youthful driver, renewal discount, safe driver, 55 and retired, and good student.
- Progressive policyholders can earn discounts including multi-vehicle, continuous coverage, online signing, multi-policy, online quote discount, homeowner, and good student.
- AAA offers premium reductions for multi-policy, good driver, anti-theft, pay-in-full, multi-car, and education and occupation.
The diagram below visualizes the comparison of car insurance costs with and without discounts being applied to the rates. The premium estimates are based on a male driver, no claims or driving citations, Illinois state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, vehicle safety, multiple vehicle, defensive driving course, multiple policy, and homeowner discounts applied. When drivers qualify for the discounts, the average savings per year on insurance for state employees is 28% or $411.
Cost comparison with and without full coverage
Saving money on insurance is the goal of most drivers, and one way to pay lower rates for insurance for state employees is to only buy liability coverage. The diagram below shows the difference between insurance costs with liability coverage only compared to full coverage. The data is based on a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
If all age groups are averaged, full coverage costs an extra $1,488 per year more than just insuring for liability. Many of you may wonder when is the right time to remove full coverage. There is no clear-cut rule of when to eliminate full coverage, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
Drive safe and save
One of the best ways to receive the best insurance rates in Illinois for state workers is to be a safe driver and avoid at-fault accidents and violations. The illustration below illustrates how traffic citations and at-fault claims drive up yearly insurance costs for each age group. The costs are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of car insurance in Illinois per year with no violations or accidents is $1,245. Get written up for two speeding tickets and the average cost swells to $1,709, an increase of $464 each year. Now throw in two accidents along with the two speeding tickets and the annual cost of insurance for state employees increases to an average of $3,659. That’s an increase of $2,414, or $201 per month, just for a couple of infractions!
How to find economical auto insurance for state employees
It is possible to find better rates, and here are many thrifty ideas that can help Chicago drivers find cheaper coverage.
- Maintain a clean driving record
- Accident-free drivers may qualify for discounts
- Buying car and homeowners insurance together can save money
- Do not file small claims
- Good credit scores may make rates cheaper
- Increase your policy deductibles
- Compare price quotes at least once a year
The last idea is extremely important, as we noted in this piece. Insurance rates in Chicago fluctuate constantly, so don’t be hesitant to change insurance companies if a more affordable rate is found. Having a favorite company is great, but it’s not recommended if it’s costing you a small fortune year after year. It only take a few minutes to compare rates and find cheaper car insurance for state employees.
The insurance agencies below can probably provide answers to your questions and help you determine which is the best policy, as some drivers aren’t sure which coverage they need and prefer to get some professional advice when shopping around for cheaper insurance for state workers. It can be complicated to do it yourself, so a licensed agent can give comfort knowing you have sufficient coverage for your assets.
To find a Chicago insurance agent near you, click the button at the bottom.
Illinois Vehicle Auto Insurance
100 W. Randolph, Suite C14 – Chicago, IL 60601 – (312) 201-9111
Mark Mackey – State Farm Insurance Agent
3338 W Foster Ave – Chicago, IL 60625 – (773) 604-4334
Skyline Insurance Agency, Inc.
2302 W Belmont Ave – Chicago, IL 60618 – (773) 525-7500
Roni Siegel – State Farm Insurance Agent
860 N Clark St – Chicago, IL 60610 – (312) 751-0500
Illinois Vehicle Auto Insurance (Xpert)
1858 W 18th St – Chicago, IL 60608 – (312) 226-1033