Who Has Cheap Auto Insurance Quotes for Drivers with Bad Credit in Chicago?

In a perfect world, we could just give you the name of the one car insurance company that has the cheapest rates in Illinois. It’s not that simple, unfortunately, as there are a whole bunch of unknown aspects like any tickets or violations, if you are a homeowner, how far you drive each year, and what level of deductibles you wish to have, that help determine the price you have to pay. We will try to cover the different ways to avoid overpaying and will hopefully give you a good start in finding the cheapest car insurance in Illinois.

For people with poor credit, one of the more important components that are looked at to determine the price you pay for insurance is where you call home in Chicago. Areas with a lot of weather claims or more people are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.

The information below lists the most expensive places in Illinois for drivers with bad credit to buy an auto insurance policy in. Chicago makes the list at #2 having an annual price of $1,484 for coverage, which is approximately $124 per month.

How much does auto insurance cost in Chicago?
Rank City Annual Rate
1 Cicero $1,526
2 Chicago $1,484
3 Berwyn $1,421
4 Skokie $1,405
5 Oak Lawn $1,269
6 Evanston $1,264
7 Des Plaines $1,236
8 Waukegan $1,212
9 Mount Prospect $1,205
10 Orland Park $1,184
11 Joliet $1,145
12 Elgin $1,139
13 Tinley Park $1,132
14 Bolingbrook $1,128
15 Schaumburg $1,123
16 Palatine $1,121
17 Rockford $1,119
18 Arlington Heights $1,106
19 Peoria $1,082
20 Springfield $1,070
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Rate information is estimated as the specific zip code location can revise price quotes greatly.

Deciphering which companies offer the cheapest auto insurance rates for drivers with bad credit involves a tad more effort than just comparing rates from one or two companies.

Every auto insurer has their own guidelines for determining rates, so let’s take a look at the overall cheapest auto insurance companies in Chicago, IL. It’s a good idea to know that Illinois auto insurance rates are calculated based on many things that can increase the cost of having a policy. Simply having another birthday, buying a different home, or having an at-fault accident can trigger changes in premium that can cause some rates to be more affordable than competitors.

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What’s the cheapest car insurance in Illinois?
Rank Company Cost Per Year
1 The Hartford $753
2 Rockford Mutual $813
3 Erie $878
4 Titan $878
5 Cincinnati Insurance $924
6 USAA $950
7 Travelers $952
8 SECURA $975
9 Utica National $975
10 State Farm $1,012
11 Auto-Owners $1,022
12 GEICO $1,074
13 Amica $1,076
14 Safeco $1,095
15 Farmers $1,181
16 Esurance $1,197
17 California Casualty $1,209
18 Progressive $1,219
19 MetLife $1,220
20 State Auto $1,223
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The Hartford has some of the lowest car insurance rates in Chicago at around $753 a year. Rockford Mutual, Erie, Titan, and Cincinnati Insurance are also some of the best Chicago, IL car insurance companies.

In the above rates, if you currently have a policy with Erie and switched to The Hartford, you could see an annual savings of in the neighborhood of $125. Drivers with Titan might save as much as $125 a year, and Cincinnati Insurance customers might lower prices by $171 a year.

It’s important to note that these policy rates are averaged for all ages of drivers and types of vehicles and do not factor in a specific vehicle garaging location for drivers with bad credit. So the insurer that has the cheapest price for you may not even be in the top 36 companies in the list above. That affirms the importance of why you need to get rate quotes using your own personalized driver profile and vehicle information.

Poor driving habits will raise your auto insurance rates

A great way to snag low auto insurance premiums for people with poor credit is to be a careful driver and maintain a clean driving record. The diagram below illustrates how speeding tickets and accidents raise car insurance costs for different age categories. The prices are based on a single male driver, full coverage, $500 deductibles, and no discounts are factored in.

The chart shows that the average cost of car insurance in Illinois per year with no violations or accidents is $1,238. Get two speeding tickets and the average cost hikes up to $1,631, an increase of $394 each year. Now include one accident along with the two speeding tickets and the 12-month cost of auto insurance for drivers with bad credit increases to an average of $2,026. That’s an increase of $789, or $66 per month, just for being a careless driver!

How to get discounts on Chicago car insurance rates

Save on auto insurance for people with poor credit in ChicagoInsurers that offer cheap quotes for drivers with bad credit may also provide price discounts that could reduce prices by 25% or more if you meet specific eligibility requirements. A list of companies and their possible discounts are:

The example below compares insurance costs with and without discounts. The premiums assume a male driver, no claims or violations, Illinois state minimum liability limits, full coverage, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with defensive driving course, safe-driver, multiple policy, multiple vehicle, anti-theft, and claim-free discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for drivers with bad credit is 27% or $378.

How to find economical auto insurance for drivers with bad credit

The list below summarizes some of the recommended money-saving ideas that can help Illinois drivers buy cheap coverage.

The last idea is remarkably significant, as was noted in this write-up. Prices can change in a short period of time, so don’t hesitate to buy from a different company if a lower-cost policy is available.

We understand brand loyalty, but it’s not a great idea if that loyalty results in overpaying lots of money. Now is a great time to compare prices and find cheaper insurance for drivers with bad credit in Chicago.

If you aren’t sure which coverage you need and prefer to have some professional guidance when buying car insurance for drivers with bad credit, the agencies below can answer your questions and help you decide which coverages and limits you need. To locate a Chicago auto insurance agent close to you, click the button link following the list.

Northwest Insurance Network Inc
4450 N Western AveChicago, IL 60625(773) 433-3300

Amigo Insurance Agency
5902 W Fullerton AveChicago, IL 60639(877) 999-2644

Edwards Insurance Agency, Inc.
11113 S Kedzie AveChicago, IL 60655(773) 396-5526

Roni Siegel – State Farm Insurance Agent
860 N Clark StChicago, IL 60610(312) 751-0500

Russ Spinelli – State Farm Insurance Agent
1525 E 53rd St #727Chicago, IL 60615(773) 955-3133

More Chicago, IL insurance agents