The cost of living in Chicago is higher than the national average. Chicago is on par with cities like Seattle, Boston, and San Diego when it comes to the cost of living, as the city is ranked the 11th most expensive in the country. That being said, the cost of living can have a strong influence on the city’s car insurance premiums. So, how to find affordable car insurance in Chicago?
Whether you live in the downtown or outskirts, Way.com can assist you in getting car insurance where you have got nothing to compromise with. Get a free car insurance quote in Illinois today.
In Chicago, auto insurance costs an average of $1,715 per year, which is higher than the Illinois average ($1,305) and higher than the national average of $1,557. Our car insurance guide in Chicago includes average rates based on age, credit score, driving history, and marital status.
|Chicago (annual average)||Illinois (annual average)||United States|
In Illinois, Country has the lowest premiums for car insurance. The best cheap car insurance companies in Illinois are listed below. Use this reference to look for quotes that are tailored to your specific driving profile.
|Car insurance company||Average Annual Rate|
Illinois drivers in their 60s pay $1,525 per year. Drivers in their teenage years pay the highest insurance premiums.
|Age||Average Annual Rate|
A driver’s marital status will affect car insurance rates. Even though the rates seem different, the difference between them is not huge.
|Marital status||Average Annual Rate|
If you move, buy a new car, or simply get older, prices can go up or down without much explanation. A driver's gender can affect car insurance rates.
DUI and reckless driving are two of the most expensive citations to receive. Drivers in Chicago who are convicted of reckless driving face an increase in insurance rates.
|Driving Violation||Increased rate|
Credit-challenged drivers typically face higher insurance premiums than those who have maintained a clean driving record. Indeed, drivers in Chicago with "Very Poor" (300-579) to "Exceptional" (800-850) credit scores see a 58 percent reduction in their auto insurance premiums on average.
|Credit Score||Average Annual Rate|
Some areas of a city may have a higher rate of accidents or thefts, resulting in a price increase. Take a look at the ten most populated ZIP codes in Chicago.
|ZIP Code||Average Rate|
If your driving record is not clear of accidents, your insurance company sees you as more of a risk and will likely raise your premium. Insurance premiums can go up by as little as 5%, or as much as over 50%, depending on the company.
According to data from the year 2020, Chicago came in fifth place out of 18 cities studied by insurance comparison websites. The rate of incidents per 100,000 residents was 362.
These “incidents" include both actual and attempted auto theft and burglary. According to the report, Monday and Friday are the most dangerous days for car thefts and break-ins. Between the hours of 5 and 10 p.m., most car incidents occurred.
Members of Chicago's Carjacking Task Force and prosecutors have revealed the most popular vehicles that people are stealing in the city. Toyota Camrys, Jeep Cherokees, Dodge Chargers, Chevrolet Malibus, and Nissan Altimas are just a few examples of the vehicles on the list.
According to the city's data, 36,305 hit-and-run crashes have occurred in the past years, an average of nearly 100 per day and an 18.3% increase over the incidents that have occurred.
Driving in Chicago, like most major cities, can be stressful. Driving in a big city can be much more difficult than driving in the suburbs or the country because of the high volume of traffic, one-way streets, and the presence of more bicyclists and pedestrians. If you're a Chicagoan with a car, here are a few things to keep in mind before you hit the streets of Windy City.
If you drive and own a car, you need auto insurance not only for your protection but also because Illinois state law requires it. These are the top car insurance companies in Chicago:
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
The average cost of car insurance in Chicago for full coverage is $2,150 per year, nearly $700 more expensive than the state average for Illinois. There are affordable options, however.
Car insurance is relatively cheap in Chicago, Illinois. The average car insurance rate in Chicago is $1,711 per year.
The average cost of home insurance in Chicago is $1,728 per year for $250,000 in dwelling coverage. In comparison, the average home insurance premium in the state of Illinois is $1,322 per year for the same level of coverage.
The average Chicago driver pays $107 per month for minimum liability car insurance, slightly higher than the Illinois average of $101 per month.
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