Wouldn’t it be easy if we could look into our crystal ball and tell you the best company that has the best deal on coverage for nurses? It’s just not that simple, as there are a whole bunch of unknowns such as if you have ever had a gap in coverage, if you have a spouse, and your financial responsibility, that all influence how much you pay for auto insurance. The content below will cover the best ways to find cheap auto insurance and will give you a solid foundation to find cheaper car insurance.
The car, truck, or SUV you are seeking coverage for is probably the most important factor when shopping around for affordable car insurance for nurses. Vehicles with lower acceleration and performance, modern passenger safety features, or low incidents of liability claims will cost quite a bit less to insure than high performance models. The table below outlines car insurance premiums for the most cost-effective automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$2,344|
|Honda CR-V EX 4WD||$2,406|
|Honda Odyssey EX||$2,413|
|Volkswagen Jetta S 2.5 Station Wagon||$2,478|
|Hyundai Elantra SE Touring Station Wagon||$2,488|
|Ford F-150 XLT Regular Cab 4WD||$2,539|
|Ford Explorer Eddie Bauer 2WD||$2,546|
|Ford Focus SEL 4-Dr Sedan||$2,546|
|Toyota Camry XLE||$2,591|
|Chevrolet Impala LS||$2,637|
|GMC Sierra SLE Crew Cab 4WD||$2,640|
|Dodge Ram Quad Cab SLT 2WD||$2,682|
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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 homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can revise insurance rates greatly.
Based upon these rates, you can assume that makes and models like the Ford Escape, Honda CR-V, Honda Odyssey, Volkswagen Jetta, and Hyundai Elantra should be a few of the most budget-friendly vehicles to insure for health professionals.
For health professionals, one of the big factors that help determine the price you pay for insurance is where you keep your vehicle. More densely populated places likely pay more, whereas areas with less crime or weather claims have the gratification of cheaper auto insurance rates.
The information below ranks the priciest cities in Illinois for nurses to buy car insurance in. Chicago makes the list at #2 with a yearly cost of $1,499 for the average insurance policy, which is approximately $125 each month.
|Rank||City||Average Per Year|
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Price information shown is estimated as specific Chicago zip code can alter coverage prices substantially.
Liability only or full coverage
Buying cheaper car insurance is probably important to the majority of drivers, and one of the easiest ways to find cheaper insurance for nurses is to buy only liability coverage. The information below visualizes the comparison of insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no driving violations, no at-fault accidents, $500 deductibles, single status, and no discounts are taken into consideration.
As an overall average, physical damage coverage on your policy costs an extra $1,648 per year more than carrying just liability coverage. Many drivers will wonder if you should buy full coverage at all. There isn’t a written rule of when to exclude full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s replacement value is $10,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $9,500 after you pay the deductible. If you are currently paying more than $950 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
Discount Chicago car insurance
Insurance providers that sell policies for nurses may also offer policy discounts that could lower prices by 35% or more if you meet certain criteria. The best car insurance companies and the discounts they provide are outlined below.
- Progressive may have discounts that include online signing, continuous coverage, multi-policy, homeowner, and online quote discount.
- Farmers Insurance offers discounts including homeowner, bundle discounts, good student, pay in full, early shopping, and youthful driver.
- Farm Bureau offers discounts for 55 and retired, multi-vehicle, safe driver, youthful driver, multi-policy, and driver training.
- State Farm has discounts for good driver, passive restraint, multiple policy, Drive Safe & Save, multiple autos, defensive driving training, and Steer Clear safe driver discount.
- GEICO may include discounts for membership and employees, multi-policy, defensive driver, driver training, emergency military deployment, good student, and air bags.
- SAFECO has savings for anti-theft, anti-lock brakes, teen safe driver, teen safety rewards, safe driver, drive less, and accident prevention training.
- Liberty Mutual may offer discounts for teen driver discount, good student, new vehicle discount, multi-car, newly retired, newly married, and exclusive group savings.
The illustration below shows the difference between auto insurance rates with and without discounts being applied to the rates. The information is based on a female driver, no driving violations, no at-fault accidents, Illinois state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, claim-free, homeowner, defensive driving course, accident-free, and safe-driver discounts applied. When discounts are applied, theaverage yearly reduction on car insurance for nurses is 28% or $528.
Why you should be shopping around
Chicago, IL car insurance rates are calculated based on many things that control the price you have to pay for coverage. Simply having another birthday, getting divorced, or getting a reckless driving citation can trigger changes in premium that can make some companies more affordable than before. Not only that, but car insurance companies change premium rates as needed in order to offset underwriting gains or losses. A period of increased losses may cause higher priced premiums, while a better loss history can cause cheaper Chicago car insurance rates.
As an example, the data below shows the company with the cheapest car insurance in Chicago, IL for a 45-year-old female driver with no accidents, a clean driving record, and a good credit rating. If we compare prices based on her current risk factors, The Hartford may have the best car insurance rates in Chicago at $1,211 a year. This is $138 less than the average rate paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance are also included in the top five cheapest Chicago, IL auto insurance companies.
Now we will pretend the driver from the first set of rates a claim or two, a little lower credit rating, and an imperfect driving record. Since each auto insurer has their own unique process to set premium rates, comparing quotes may result in a completely different list of the cheapest Chicago car insurance companies as shown below.
State Farm now has the best price in Chicago with Utica National, USAA, SECURA, and Auto-Owners also being competitive. This illustrates why Chicago drivers need to spend some time comparing rates to get affordable insurance quotes for nurses. Rates are calculated by many factors and change substantially, so the best option the last time you checked may now be an over-priced policy.
How to find more affordable insurance for nurses
It is possible to find better rates, and here are a few thrifty solutions that can help drivers buy low-cost coverage.
- Do not get traffic violations
- Buy safe vehicles
- Claim-free drivers earn discounts
- Do not get into accidents
- Buy your homeowners policy from the same company as your auto insurance
- Older vehicles may not need full coverage
- Compare prices frequently to find the best deal
The last suggestion is particularly significant, as we stressed in this piece. Auto insurance prices in Chicago go up and down frequently, so don’t hesitate to switch carriers if you find a cheaper price.
We understand brand loyalty, but we do not recommend it if that devotion results in you overpaying hundreds of dollars a year. In just a few minutes you could shop around and find cheaper car insurance for nurses.
The Chicago auto insurance agencies shown below can probably help you decide which policy fits your needs best, since some drivers aren’t sure which coverage they need and prefer to have a professional recommendation when comparing insurance rates for nurses. It can be hard to find the best coverage on your own, so a licensed agent can give comfort knowing your policy gives you suitable coverage if you ever need to use it. To find an auto insurance agency close to where you live, click the button at the bottom or click here to compare price quotes now.
- Vivian Valtas – State Farm Insurance Agent
6108 S Archer Ave – Chicago, IL 60638 – (773) 582-3322
- Glenda Tolentino-Moser – State Farm Insurance Agent
2015 W Montrose Ave – Chicago, IL 60618 – (773) 549-3300
- Northwest Insurance Network Inc
4450 N Western Ave – Chicago, IL 60625 – (773) 433-3300
- Skyline Insurance Agency, Inc.
2302 W Belmont Ave – Chicago, IL 60618 – (773) 525-7500
- GEICO Insurance Agent
8549 S Cicero Ave – Chicago, IL 60652 – (773) 582-2886