The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, especially when looking for the best coverage prices for teenage females. In an attempt to save some money, let’s open your eyes to some of the things the can have a considerable influence on insurance prices, and find some ways to reduce the cost of the next policy you buy.
The type of vehicle you are seeking coverage for is probably the biggest factor when comparing economical auto insurance for teenage females. Vehicles with lower acceleration and performance, good crash test ratings, or a track record of few liability claims will cost much less to insure than high performance models.
The data below showcases insurance prices for a selection of the most affordable automobiles to insure in Illinois.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$7,211|
|Honda CR-V LX 4WD||$7,218|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$8,048|
|Dodge Grand Caravan SE||$8,112|
|Ford Edge SEL AWD||$8,485|
|Chevrolet Malibu LS||$8,549|
|Volkswagen Jetta LE 4-Dr Sedan||$8,559|
|Toyota RAV4 Sport 2WD||$8,549|
|Ford Fusion S 4-Dr Sedan||$8,557|
|Ford Explorer Limited 2WD||$8,614|
|Ford F-150 Lariat Crew Cab 2WD||$8,624|
|Honda Civic EX 4-Dr Sedan||$8,925|
|Hyundai Elantra Blue 4-Dr Sedan||$8,935|
|Toyota Tacoma X-Runner 2WD||$8,990|
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific Chicago, IL garaging location which can impact premium rates greatly.
Based on these rates, you can infer that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, Jeep Wrangler, and Dodge Grand Caravan are most likely to be a few of the most economical vehicles to insure for teen girls. The price for an auto insurance policy will tend to be more expensive just due to the fact that there is more liability risk for teenage females, but overall those particular models will have the lowest insurance rates compared to all other vehicles.
Deciding which companies quote the most affordable auto insurance rates for teenage females will require a tad more effort in order to find the most economical policy.
Each auto insurer has their own unique process for establishing rates, so let’s look at the rankings for the auto insurance companies that tend to have lower prices in Illinois. It’s a good idea to know that Illinois auto insurance rates are based on many factors that control the price of coverage. Getting older, moving to a different location, or getting a DUI can cause premium changes resulting in some rates now being more affordable than the competition.
Cheapest Insurance Rates for Teens
|Rank||Company||Cost Per Year|
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The Hartford may offer some of the best car insurance rates in Chicago at around $776 per year. Rockford Mutual, Titan, Cincinnati Insurance, and Erie are also some of the lowest-priced Chicago, IL auto insurance companies.
As the rates illustrate above, if you buy coverage from Cincinnati Insurance and switched to Rockford Mutual, you may see an annual premium reduction of upwards of $50. Customers with Erie could save as much as $76 a year, and USAA policyholders might cut rates by $112 a year.
It’s important to note that these premiums are averaged across all types of insureds and vehicles and are not factoring in an exact location for teenage females. So the car insurance company that fits your needs best may not even be in the top 36 companies shown above. That illustrates why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
One of the more important considerations that help determine the amount you pay for auto insurance is your zip code in Chicago. Larger areas tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The information below rates the most expensive areas in Illinois for teenage females to buy an auto insurance policy in. Chicago makes the list at #2 with an annual rate of $1,499 for coverage, which is approximately $125 per month.
|Rank||City||Average Per Year|
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Information shown are approximated as the specific garaging location can raise or lower price quotes substantially.
Drive safe and save
One of the best ways to enjoy good auto insurance prices for teen girls is to be an attentive driver and not receive tickets or have accidents. The example below highlights how traffic violations and fender-benders can impact auto insurance costs for different categories of driver ages. The costs are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
In the prior example, the average cost of a car insurance policy in Chicago per year with no violations or accidents is $1,425. Factor in two speeding tickets and the average cost swells to $1,914, an increase of $489 each year. Then add in one accident along with the two speeding tickets and the annual cost of auto insurance for teenage females goes up to an average of $2,404. That’s an increase of $978, or $82 per month, just for not being a responsible driver!
Chicago auto insurance companies ranked
Buying coverage from the top insurance company can be a challenge considering how many companies sell insurance in Chicago. The company information in the lists below may help you choose which auto insurance companies to look at when shopping around.
The ratings below include companies that insure vehicles nationwide, so companies that may only write in Illinois are not taken into consideration for this list. To get price quotes from the insurers below and more, simply click here.
Top 10 Large Auto Insurance Providers in Chicago Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Titan Insurance – A+
- Progressive – A+
- Erie Insurance – A+
- Mercury Insurance – A+
- The Hartford – A+
- Nationwide – A+
Get discount Chicago auto insurance
Insurance companies that provide coverage for teenage females may provide policy discounts that could potentially reduce rates by 35% or more if you qualify. A few of the larger companies and some of the premium reductions they offer can be found below.
- GEICO offers discounts including multi-vehicle, seat belt use, daytime running lights, anti-theft, anti-lock brakes, and driver training.
- Travelers has savings for multi-policy, multi-car, driver training, early quote, student away at school, hybrid/electric vehicle, and good student.
- Nationwide policyholders can earn discounts including accident-free, anti-theft, business or organization, good student, Farm Bureau membership, easy pay, and multi-policy.
- Farmers Insurance discounts include multi-car, youthful driver, distant student, business and professional, and alternative fuel.
- Esurance offers discounts for anti-lock brakes, good student, anti-theft, homeowner, and DriveSense.
- State Farm offers premium reductions for anti-theft, good student, Drive Safe & Save, Steer Clear safe driver discount, safe vehicle, good driver, and defensive driving training.
- Progressive may offer discounts for good student, multi-vehicle, online signing, homeowner, and multi-policy.
- Mercury Insurance may include discounts for multi-car, type of vehicle, age of vehicle, annual mileage, professional/association, location of vehicle, and accident-free.
The diagram below shows the comparison of insurance costs with and without discounts applied to the policy rates. The data assumes a female driver, no accidents or driving violations, Illinois state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with paid-in-full, passive restraint, good student, continuous coverage, vehicle safety, and paperless filing discounts applied. In this example, theaverage yearly reduction on auto insurance for teenage females is 28% or $624.
A good deal can quickly turn bad
Illinois auto insurance rates are determined by lots of factors that control the price of coverage. Simply getting older, buying higher coverage limits, or getting a ticket for careless driving can trigger price changes that can make some companies cheaper than others. Not only may your risk profile change, but insurers file new rates as needed in order to protect their financial rating. An extended period of higher than normal claims can cause more expensive prices, while profitable underwriting may result in more affordable Chicago car insurance rates.
To help illustrate this point, the chart below compares the cheapest car insurance in Chicago, IL for a 30-year-old female driver with a good driving record, no prior claims, and good financial standing. If we estimate rates based on her current risk factors, The Hartford might offer the best car insurance rates in Chicago at $1,151 each year. This is $198 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance are also included in the best Chicago, IL auto insurance companies.
The example below compares rates after we give the driver from above some claims, less-than-perfect credit, and a speeding citation. Since each auto insurance company has a unique approach for setting prices, comparing rates may now result in a substantially altered list of the cheapest companies as shown below.
USAA now has the cheapest rate in Chicago, IL with SECURA, Utica National, State Farm, and Auto-Owners now being in the top five. This example illustrates why consumers need to take the time to compare many different companies to find the most affordable auto insurance rates for teenage females. Rates are made up of many risk factors and change substantially, so the most affordable company three years ago may now be one of the more expensive options.