Finding better insurance prices for a Toyota Avalon in Illinois can normally be difficult, but you can learn the following methods and make it easy.
There are both good and bad ways to buy auto insurance and we’ll show you the quickest way to get price quotes on a Toyota and get the best price possible either online or from Chicago insurance agents.
Getting quotes for affordable auto insurance policy in Chicago is simple if you know the tricks. If you already have coverage or just want to reduce your rates, you can learn to reduce premiums without reducing coverage. Smart shoppers only need an understanding of the most effective way to compare price quotes over the internet.
Finding more affordable Chicago auto insurance rates is actually quite simple. Consumers just need to invest a little time to compare rates from some recommended companies.
The following companies have been selected to offer price comparisons in Illinois. If multiple companies are shown, we suggest you visit as many as you can to find the most affordable car insurance rates.
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in your specific Chicago location which can influence insurance rates noticeably.
Auto insurance rates based on gender
The diagram below illustrates the difference between Toyota Avalon insurance rates for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are single, and no other discounts are factored in.
Rate difference between full and liability-only coverage
The example below shows the comparison of Toyota Avalon car insurance rates with full physical damage coverage and with liability coverage only. The rates are based on no accidents, no driving violations, $500 deductibles, single male driver, and no other discounts are factored in.
Guidelines for dropping full coverage
There is no definitive rule of when to eliminate physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s pretend your Toyota Avalon book value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $4,000 after the deductible is paid. If you are paying over $400 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where dropping full coverage is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Higher deductibles save money
The information below illustrates how your deductible choice and can change Toyota Avalon yearly insurance costs for different age categories. The data is based on a married male driver, full coverage, and no discounts are applied to the premium.
Auto insurance discounts are available for cheaper rates
Some providers don’t always publicize every available discount in a way that’s easy to find, so the list below contains a few of the more well known and the more hidden credits available to bring down your rates. If you do not double check each discount possible, you are just wasting money.
- Full Payment Discount – By paying your policy upfront instead of making monthly payments you can avoid the installment charge.
- Distant Student – Youth drivers who are enrolled in a college that is more than 100 miles from Chicago without a vehicle on campus could qualify for this discount.
- No Claims – Drivers with accident-free driving histories can earn big discounts when compared with bad drivers.
- Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy auto and life insurance together.
- Fewer Miles Equal More Savings – Low mileage vehicles may enable drivers to earn lower prices on the low mileage vehicles.
- 55 and Retired – If you’re over the age of 55, you may receive a small decrease in premiums.
Don’t be surprised that most credits do not apply to the entire policy premium. The majority will only reduce individual premiums such as liability, collision or medical payments. So when it seems like you could get a free auto insurance policy, you aren’t that lucky.
A list of auto insurance companies and the discounts they provide can be found below.
- 21st Century may have discounts that include anti-lock brakes, good student, automatic seat belts, defensive driver, teen driver, 55 and older, and student driver.
- State Farm offers discounts for multiple policy, safe vehicle, driver’s education, anti-theft, and passive restraint.
- AAA policyholders can earn discounts including pay-in-full, education and occupation, multi-policy, good student, good driver, and anti-theft.
- Liberty Mutual discounts include new move discount, teen driver discount, exclusive group savings, multi-policy, new graduate, newly married, and multi-car.
- Progressive offers premium reductions for good student, online quote discount, multi-vehicle, multi-policy, continuous coverage, online signing, and homeowner.
If you need inexpensive Chicago auto insurance quotes, ask each insurance company how many discounts you can get. Some credits might not be offered on policies in your state. If you would like to see a list of auto insurance companies that offer the discounts shown above in Illinois, click here.
Here’s why auto insurance is not optional
Despite the fact that auto insurance is not cheap in Chicago, insuring your vehicle is required for several reasons.
- The majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability in order to drive the car. In Illinois these limits are 20/40/15 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Toyota Avalon has a lien holder, most lenders will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank will be required to insure your Toyota at a significantly higher premium and force you to pay for the much more expensive policy.
- Auto insurance protects not only your vehicle but also your financial assets. Insurance will pay for medical expenses that are the result of an accident. One policy coverage, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If mother nature or an accident damages your car, your auto insurance policy will cover the repair costs.
The benefits of insuring your Avalon definitely exceed the cost, particularly if you ever have a claim. According to a recent study, the average American driver is wasting up to $750 every year so we recommend shopping around once a year at a minimum to ensure rates are competitive.
Can’t I get rate quotes from local Chicago insurance agents?
Certain consumers would prefer to buy from a licensed agent and there is nothing wrong with that. Professional agents are highly skilled in risk management and will help you if you have claims. A nice benefit of comparing insurance online is you may find cheap insurance quotes and still buy from a local agent. Buying insurance from local agents is important especially in Chicago.
After filling out this short form, the coverage information is emailed to local insurance agents who want to provide quotes to get your business. You won’t even need to contact any insurance agencies because quoted prices will be sent straight to your inbox. If you wish to compare rates from a specific insurance company, you would need to navigate to their website and submit a quote form there.
Choosing an provider requires more thought than just a cheap price quote. The following questions are important to ask.
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Will their companies depreciate repairs to your car based on the mileage?
- What is their Better Business Bureau rating?
- How much training do they have in personal risk management?
- How much can you save by raising your physical damage deductibles?
- What will you get paid if your car is a total loss? How is that amount determined?
- Are all drivers listed on the coverage quote?
- Who are their largest clients?