Who Has the Cheapest Auto Insurance Quotes for Homeowners in Chicago?

For people who own their homes, one of the largest considerations that are looked at to determine car insurance rates is where you keep your vehicle. Areas with a lot of weather claims or more people likely pay more, whereas less populated areas can boast about having cheaper rates.

The table below lists the most costly cities in Illinois for homeowners to purchase a policy in. Chicago shows up at #2 costing $1,544 for car insurance, which is about $129 each month.

How much is auto insurance in Chicago, IL?
Rank City Annual Rate
1 Cicero $1,573
2 Chicago $1,544
3 Skokie $1,447
4 Berwyn $1,406
5 Evanston $1,276
6 Des Plaines $1,274
7 Oak Lawn $1,243
8 Mount Prospect $1,217
9 Waukegan $1,176
10 Orland Park $1,173
11 Joliet $1,145
12 Arlington Heights $1,139
13 Schaumburg $1,135
14 Tinley Park $1,132
15 Bolingbrook $1,128
16 Palatine $1,121
17 Elgin $1,117
18 Rockford $1,107
19 Peoria $1,092
20 Aurora $1,075
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Premium amounts are comparative as the specific area where the vehicle is garaged can alter insurance rates substantially.

The car, truck, or SUV you are seeking coverage for is probably the biggest factor that determines whether or not you find cheap insurance for homeowners. Vehicles with economical engines, good crash test ratings, or a low likelihood of having liability claims will cost less to insure than fast, unsafe models. The next table showcases coverage rates for a selection of the most affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Chicago, IL
Vehicle Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $2,031
Honda CR-V LX 4WD $2,224
Ford Explorer XLT 4WD $2,275
Jeep Wrangler Sport 4WD 2-Dr $2,291
Ford F-150 XL Regular Cab 2WD $2,400
Toyota RAV4 4WD $2,407
GMC Sierra SL Extended Cab 2WD $2,415
Jeep Grand Cherokee Laredo 2WD $2,407
Dodge Grand Caravan Hero $2,417
Chevrolet Impala LT $2,407
Chevrolet Equinox LS 2WD $2,412
Ford Escape Limited 4WD $2,481
Ford Focus SES 4-Dr Sedan $2,490
Toyota Camry SE $2,535
Toyota Prius $2,542
Honda Odyssey EX $2,580
Toyota Tacoma 2WD $2,590
GMC Sierra 2500HD SLE Regular Cab 4WD $2,580
Volkswagen Jetta 2.0T Station Wagon $2,619
Ford Fusion S 4-Dr Sedan $2,635
Ford Edge SEL AWD $2,651
Chevrolet Malibu LT $2,686
Honda Civic LX 4-Dr Sedan $2,725
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in Chicago, IL location which can influence premiums noticeably.

Based upon the rates shown, we can infer that makes and models like the Hyundai Elantra, Honda CR-V, and Ford Explorer are likely to be a few of the less-costly vehicles to insure for people who own their homes.

Comparing quotes for cheap car insurance is easier said than done, and figuring out which company quotes the lowest-priced car insurance rates for homeowners calls for even more perseverance. Every insurance company has a proprietary method to set policy rates, so we need to take a look at the lowest cost car insurance companies in Chicago, IL.

Cheapest Insurance Rates for Homeowners

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Illinois car insurance ranked by cost per year
Rank Company Cost Per Year
1 The Hartford $776
2 Rockford Mutual $847
3 Titan $878
4 Erie $887
5 Cincinnati Insurance $915
6 Travelers $952
7 Utica National $955
8 USAA $959
9 SECURA $975
10 State Farm $1,012
11 Auto-Owners $1,022
12 GEICO $1,085
13 Amica $1,087
14 Safeco $1,095
15 Farmers $1,135
16 MetLife $1,207
17 California Casualty $1,209
18 Esurance $1,221
19 State Auto $1,236
20 Progressive $1,256
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The Hartford generally has some of the lowest car insurance rates in Chicago at around $776 annually. This is $573 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance would also make the list of some of the most economical Chicago, IL insurance companies.

As the rates illustrate above, if you buy coverage from Erie and switched to The Hartford, you might see an annual savings of in the vicinity of $111. Policyholders with Cincinnati Insurance might save as much as $139 a year, and Travelers insureds might lower prices by up to $176 a year.

To find cheaper insurance rates for your vehicle, click here to start your free quote or click through to the companies below.

Understand that those policy rates are averages across all drivers and vehicles in Illinois and and are not figured with an exact vehicle garaging location for homeowners. So the company that is best suited for you may not even be in the list above. That’s why you need to get car insurance quotes using your own driver and vehicle profiles.

Careless drivers pay higher rates

The easiest method to maintain low car insurance premiums for people who own their homes is to be an attentive driver and avoid accidents and violations. The chart below shows how speeding tickets and at-fault accidents can increase annual premium costs for different age groups. Data assumes a married female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.

The data in the chart shows the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,161. Factor in two speeding tickets and the average cost surges to $1,650, an increase of $489 each year. Then add two accidents along with the two speeding tickets and the yearly cost of car insurance for homeowners jumps again to an average of $3,385. That’s an increase of $2,224, or $185 per month, just for being a less-than-perfect driver!

Best car insurance in Illinois

Ending up with a high-quality auto insurance provider can be a challenge considering how many companies there are to choose from in Illinois. The rank data in the next section could help you pick which car insurance companies to look at purchasing from. These rankings are only made up of major nationwide insurance companies, so smaller regional companies will not be included in these rankings.

Top 15 Car Insurance Companies for Homeowners in Chicago, IL
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
Mercury Insurance 87 95 87 84% A+ 88.3
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Data Source: Insure.com Best Car Insurance Companies

How to find the cheapest car insurance for homeowners

The list below shows many money-saving ideas that can help drivers buy low-cost coverage.

The last idea is particularly vital, as we stressed in the prior information. Auto insurance rates can change considerably based on profitability, so don’t be unwilling to buy from a different company if you find a better deal. Having brand loyalty is commendable, but it’s not a good idea if that faithfulness ends up costing you lots of hard earned cash every month. Spend a few minutes and shop around and find cheaper auto insurance for homeowners in Chicago.

The Chicago, IL, insurance agents below are willing to help you decide which coverages are best, since some drivers wish to have a consultation when comparing insurance rates for homeowners. It can be complicated to do it yourself, and insurance agents can provide peace of mind knowing your coverage gives you enough protection. To locate a Chicago car insurance agency closest to you, click the button at the bottom or click here to compare prices now.

Peter Grande – State Farm Insurance Agent
1535 W Division StChicago, IL 60642(773) 270-4600

Mark Yun – State Farm Insurance Agent
223 W Cermak Rd, Fl-2Chicago, IL 60616(312) 225-8311

Great Northern Insurance Agency
5632 S Pulaski RdChicago, IL 60629(773) 838-3900

More Chicago, IL insurance agents