Car Insurance in Chicago,IL - May 2023

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.

How Much Does Car Insurance Cost In Chicago?

Chicago Rates Vs Illinois Vs United States Averages

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 Auto Insurance Premiums By Company

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.

Chicago Auto Insurance Premiums By Age Group

Illinois drivers in their 60s pay $1,525 per year. Drivers in their teenage years pay the highest insurance premiums.

Chicago Auto Insurance Premiums By Marital status

A driver’s marital status will affect car insurance rates. Even though the rates seem different, the difference between them is not huge.

Chicago Auto Insurance Premiums By Gender

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.

Chicago Auto Insurance Premiums By Driving Record

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.

Chicago Auto Insurance Premiums By Credit Rating

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.

Chicago Auto Insurance Premiums By Zip Code

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.

What Would Increase Your Car Insurance Rate In Chicago?

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.

Auto Theft Statistics In Chicago

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.

Accidents Statistics InChicago

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.

Useful Info For Driving in Chicago

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.

• Be aware of the Expressways - Eisenhower; Kennedy; Edens; Dan Ryan; Jane Addams; and so forth. Chicagoans prefer to refer to expressways by their official names rather than letters and numbers. To navigate the city and its environs, knowing the names of the major interstates is a necessity.
• Watch out for one-way streets - Chicago has its fair share of one-way streets, just like many major cities. As the city has worked to increase the number of pedestrian-friendly streets, one-way streets have fallen out of favor.
• Parking - It's not easy to find parking in Chicago, where the daily average parking rate is an eye-popping $34! If you're not staying at a hotel, most parking garages will also charge you each time you enter or exit. Use apps like Way.com to find the best parking deals.
• Be cautious - It's imperative that you exercise extreme caution around other road users, especially cyclists who may be inexperienced. As a driver, you have a duty to be aware of your surroundings, even if you find cyclists and pedestrians annoying.
• Get your city vehicle sticker - In order to purchase a City Vehicle Sticker, you will need to know your vehicle's dimensions; prices currently range from $45 for a motorbike up to $458.95 for an extremely large commercial truck. For an average-sized passenger car, the annual wheel tax is $86.69.

Car Insurance Companies in Chicago

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: