No car owner is fond of buying car insurance, especially when they know the cost is way too high.
A recent car insurance study revealed that most consumers have been with the same company for over three years, and practically 40% of car insurance customers have never compared rates with other companies. Drivers in Chicago could save 40% each year just by getting comparison quotes, but they underestimate the amount of money they would save if they switched to a cheaper policy.
You have multiple auto insurance companies to pick from, and although it’s nice to have a choice, having more insurers makes it harder to find the lowest rates for Kia Stinger insurance in Chicago.
Consumers should take time to do rate comparisons periodically because rates trend upward over time. Just because you found the best deal on Kia Stinger insurance in Chicago a couple years back you will most likely find a better price today. Ignore everything you know about car insurance because you’re about to learn the proper way to reduce your cost while increasing coverage.
Auto insurance providers offering low-cost rates in Illinois
The companies shown below are ready to provide free rate quotes in Chicago, IL. If more than one company is shown, we recommend you visit two to three different companies to get a more complete price comparison.
Cheaper Chicago insurance rates with discounts
Properly insuring your vehicles can get expensive, but you may be missing some discounts to reduce the price significantly. Some of these discounts will be visible when you complete an application, but some discounts are required to be asked about prior to receiving the credit.
- Distant Student Discount – Youth drivers who are enrolled in higher education away from home and do not have a car can be insured at a reduced rate.
- Air Bags and Passive Restraints – Vehicles equipped with air bags may earn rate discounts of 20 to 30 percent.
- Anti-theft Discount – Vehicles that have factory anti-theft systems have a lower chance of being stolen and can earn a small discount on your policy.
- Telematics Data Discounts – People who choose to allow companies to look at vehicle usage by installing a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system could save a few bucks as long as they are good drivers.
- Chicago Homeowners Discount – Being a homeowner may earn you a small savings since owning and maintaining a home is proof that your finances are in order.
- More Vehicles More Savings – Having multiple cars with the same insurance company can get a discount on all vehicles.
- Good Student Discount – This discount may save as much as 25% on a Chicago auto insurance quote. The discount lasts well after school through age 25.
As a footnote on discounts, most discounts do not apply to your bottom line cost. Most cut the cost of specific coverages such as comprehensive or collision. Even though it appears you can get free auto insurance, insurance companies wouldn’t stay in business. But any discount will lower your policy premiums.
Insurance companies that possibly offer some of the above discounts include:
When getting free Chicago auto insurance quotes, it’s a good idea to every company which discounts you may be entitled to. All car insurance discounts may not apply to policyholders in every state. If you would like to see a list of insurance companies that can offer you the previously mentioned discounts in Chicago, click here to view.
Buying from insurance agencies
Many people just prefer to sit down and talk to an agent and that is a personal choice. A nice benefit of price shopping on the web is the fact that drivers can get better rates but also keep your business local. Supporting small agencies is especially important in Chicago.
Upon completion of this short form, the coverage information is sent to companies in Chicago who will return price quotes for your car insurance coverage. You never need to leave your house due to the fact that quote results will go to the email address you provide. Get lower rates without a big time investment. If you have a need to compare rates from a specific company, don’t hesitate to search and find their rate quote page and complete a quote there.
Selecting an insurance company is decision based upon more than just the bottom line cost. Any agent in Chicago should have no problem answering these questions:
- Is assistance available after office hours?
- Are claim adjusters local or do you have to take your car somewhere else?
- Do they offer accident forgiveness?
- How often do they review coverages?
- Is the agency active in community causes in Chicago?
- Are they paid to recommend certain coverages?
- Will the agent or a CSR service your policy?
Insurance myths debunked
Big name companies like State Farm and Allstate constantly bombard you with ads in print and on television. They all have a common claim that you’ll save big if you move your policy. That’s great but how can every company charge you less for car insurance? Here is the trick they use.
Different companies have an ideal profile for a prospective insured they prefer to insure. An example of this type of insured should be a mature driver, has a low-risk occupation, and does not commute to work. Any customer that meets those criteria will qualify for the lowest rates in Chicago and most likely will save when they switch companies.
People who may not quite match those standards will be quoted higher premium rates and this can result in the prospect going elsewhere. The ads state “drivers that switch” but not “all drivers who get quotes” save that much. That is how insurance companies can confidently state the savings.
This really drives home the point why you need to compare quotes as often as possible. It’s just not possible to know with any certainty which company will have better prices than you’re paying now.
Detailed coverages of your auto insurance policy
Understanding the coverages of a auto insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages available from auto insurance companies.
Uninsured or underinsured coverage
This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Kia Stinger.
Because many people only purchase the least amount of liability that is required (Illinois limits are 20/40/15), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these limits are set the same as your liability limits.
Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 20/40/15 which means a limit of $20,000 per injured person, $40,000 for the entire accident, and property damage coverage for $15,000. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability insurance covers things like medical expenses, repair costs for stationary objects and loss of income. How much coverage you buy is your choice, but you should buy higher limits if possible. Illinois state minimum liability requirements are 20/40/15 but you should think about purchasing more coverage.
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like vandalism, hail damage, fire damage and a broken windshield. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
This coverage will pay to fix damage to your Stinger from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things such as rolling your car, hitting a mailbox, damaging your car on a curb and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible on your Stinger in order to get cheaper collision rates.
Medical expense coverage
Coverage for medical payments and/or PIP reimburse you for expenses for surgery, ambulance fees, doctor visits and EMT expenses. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
What is YOUR best insurance company?
More affordable car insurance in Chicago is attainable from both online companies as well as from independent agents in Chicago, and you should compare rates from both in order to have the best chance of saving money. Some insurance providers may not have rates over the internet and most of the time these smaller providers only sell through independent insurance agents.
We’ve covered many tips how you can compare Kia Stinger insurance auto insurance rates in Chicago. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Drivers may even discover the lowest auto insurance rates are with the smaller companies. These companies can often insure niche markets at a lower cost than their larger competitors like GEICO and State Farm.
For more information, take a look at the articles below:
- State Car Insurance Guides (GEICO)
- Who Has Cheap Auto Insurance Quotes for High Risk Drivers in Chicago? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Drivers with a DUI in Chicago? (FAQ)
- What Auto Insurance is Cheapest for Teachers in Chicago? (FAQ)
- What Insurance is Cheapest for a Chevrolet Malibu in Chicago? (FAQ)
- How Much are Chicago Car Insurance Rates for Unemployed Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Homeowners in Chicago? (FAQ)
- Teen Driver Licensing Information (iihs.org)
- Get the Right Protection (InsureUonline.org)