Cheapest Car Insurance Quotes in Waterloo

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Waterloo Car Insurance

^$ 25

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. 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.

Table of Contents

How Much Is Car Insurance in Waterloo

The car insurance rate in Waterloo is $878 for a six-month policy, which is $9 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $450, making it a popular choice for budget-conscious drivers. Rates in Waterloo can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Waterloo

$878

Avg. Car Insurance in Illinois

$869

National Average

$1140

Cheapest Car Insurance Companies in Waterloo

1st place: AutoOwners Insurance Co

At $450 for a six month policy, AutoOwners Insurance Co offers the cheapest auto insurance rates in the city.

2nd place: Westfield

Westfield offers auto insurance rates at $510 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Country Financial

Country Financial offers auto insurance rates at $534 for six months, making it the third cheapest auto insurance company in Waterloo.

Waterloo Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Waterloo, IL is AutoOwners Insurance Co, offering policies at just $450 for a six-month term. This is followed by Westfield, which has an average six-month premium of $510.

At the higher end of the spectrum, Hastings Mutual is the most expensive, with rates reaching $816 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Waterloo drivers find the best deals.

Cheap Car Insurance Companies in Waterloo, IL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$450	$77
Westfield	$510	$85
Country Financial	$534	$90
Travelers	$636	$107
American Family	$738	$124
Erie	$774	$129
USAA	$912	$154
State Farm	$918	$155
Progressive	$1008	$170
Auto-Owners	$1062	$177
Allstate	$1524	$257
Farmers	$1524	$257
Hanover	$948	$158
Mercury	$810	$135
Hastings Mutual	$816	$138

Key Takeaways

Way's key takeaways about car insurance in Waterloo

The auto insurance costs in Waterloo fall around $450 for six months.
The cheapest auto insurance company in Waterloo is Mercury.
Teen drivers pay the highest rate in Waterloo at $59 per month.

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Cheapest Minimum Liability Car Insurance in Waterloo

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Waterloo are given below.

Mercury provides the cheapest minimum car insurance coverage in Waterloo. Their Average 6 Month Premium is $150. First Chicago is the most expensive at $198 for the same period.

Cheapest Liability Coverage in Waterloo, IL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mercury	$150	$25
Westfield	$162	$27
Auto-Owners Insurance Co	$192	$32
Country Financial	$204	$34
Erie	$251	$42
Auto-Owners	$276	$46
Travelers	$276	$46
American Family	$318	$54
State Farm	$318	$54
USAA	$336	$57
Progressive	$390	$66
Allstate	$612	$103
Farmers	$750	$127
Hanover	$180	$30
AAA	$258	$43
First Chicago	$198	$33

Cheapest Full Coverage Car Insurance in Waterloo

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Waterloo is AutoOwners Insurance Co at $77 per month and $450 for six months.

Cheapest Full Coverage Car Insurance Quotes in Waterloo, IL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$450	$77
Westfield	$510	$85
Country Financial	$534	$90
Travelers	$636	$107
American Family	$738	$124
Erie	$774	$129
USAA	$912	$154
State Farm	$918	$155
Progressive	$1008	$170
Auto-Owners	$1062	$177
Allstate	$1524	$257
Farmers	$1524	$257
Hanover	$948	$158
Mercury	$810	$135
Hastings Mutual	$816	$138

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Average Car Insurance in Waterloo by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Waterloo, IL increasing?

Despite maintaining a clean driving record, your car insurance rates in Waterloo, Illinois, may be increasing due to several external factors. Illinois has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Waterloo's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Waterloo

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	Auto-Owners	$714
30s	Auto-Owners	$494
40s	Auto-Owners	$485
50s	Auto-Owners	$458
60s	Auto-Owners	$481
70s	Auto-Owners	$610

Cheapest Car Insurance Rates for Teen Drivers in Waterloo,IL

If you are planning to get a car insurance policy for your teenage dependent, Westfield provides the cheapest car insurance in the Waterloo at $32 per month. At $342 for a six-month premium, AAA offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$192	$32
Mercury	$222	$37
Auto-Owners Insurance Co	$240	$40
Country Financial	$816	$137
Erie	$1002	$169
Travelers	$1062	$179
USAA	$1848	$311
American Family	$2214	$373
State Farm	$3186	$536
Progressive	$3192	$537
Allstate	$3708	$624
Farmers	$3773	$635
AAA	$342	$59

Teen Car Insurance Rates in IL by Age

Way Tip

If you are in your twenties AutoOwners is the best choice for car insurance in Waterloo.

As young drivers face the highest rates in Waterloo, AutoOwners offers the cheapest auto insurance rates at $714 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Waterloo, Mercury is the cheapest car insurance provider. At $228 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Waterloo is State Farm, offering rates of around $3138 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mercury	$228	$38
Westfield	$300	$52
Hanover	$402	$67
Country Financial	$600	$101
Travelers	$666	$112
Progressive	$953	$161
American Family	$1170	$197
USAA	$1553	$265
Allstate	$2550	$425
Farmers	$2934	$499
State Farm	$3138	$523

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Save up to $971/yr on car insurance rates in Waterloo.

Car Insurance Rates with An Accident in Waterloo

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Waterloo, IL, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Waterloo

The cheapest car insurance companies after an at-fault accident in Waterloo include AutoOwners Insurance Co and Westfield, offering $251 and $258, respectively. Hastings Mutual is an expensive provider with an average six-month premium of $300.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Auto-Owners Insurance Co	$251	$42
Westfield	$258	$43
Mercury	$330	$55
Travelers	$576	$97
Erie	$582	$98
Country Financial	$588	$99
State Farm	$870	$146
USAA	$894	$150
American Family	$1002	$169
Progressive	$1446	$243
Farmers	$1596	$269
Allstate	$2646	$445
AAA	$426	$73
First Chicago	$276	$46
Hastings Mutual	$300	$52

Waterloo Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Waterloo IL. For example, the car insurance in Waterloo after a DUI increases to $828 for a six month policy. While the rate increases by $222 for a six-month policy in the case of a speeding ticket.

Waterloo auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$990	$165
One Med/PIP claim	$996	$170
Not-at-fault accident	$1050	$175
One comp claim	$1074	$183
Two Med/PIP claims	$1074	$179
Failure to wear a seat belt	$1151	$196
Driving without lights	$1164	$194
Child safety restraint	$1170	$199
Two comp claims	$1170	$195
Failure to show documents	$1188	$202
Speeding 6 - 10 MPH over limit	$1212	$202
Driving with expired registration	$1218	$207
Speeding 11 - 15 MPH over limit	$1242	$207
Driving too slowly	$1248	$212
Failure to yield	$1248	$208
Illegal turn	$1248	$212
At-fault accident - less than $1000	$1259	$210
Failure to stop at a red light	$1259	$214
Following too closely	$1259	$210
Speeding 16 - 20 MPH over limit	$1266	$215
Speeding in school zone	$1266	$211
Improper passing	$1272	$216
Wrong way/wrong lane	$1272	$212
Cell phone violation	$1296	$220
Texting while driving	$1296	$216
Passing school bus	$1308	$222
In 65 MPH zone	$1314	$219
Speeding 21 - 25 MPH over limit	$1326	$225
Operating a vehicle without permission	$1350	$225
At-fault accident - $1000-$2000	$1434	$243
At-fault accident - greater than $2000	$1457	$243
Open container	$1506	$257
Reckless driving	$1746	$291
Racing	$1763	$300
Driving with a suspended license	$1800	$300
Refusal to submit to a chemical test	$1812	$308
DUI	$1818	$303
Leaving scene of an accident/hit and run	$1836	$312

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Waterloo after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Waterloo.

The cheapest car insurance premiums in Waterloo are offered by Mercury at $228 for a six-month policy. However, it can be as expensive as $2573 with companies like Farmers.

Waterloo car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Mercury	$228	$38
Travelers	$612	$103
Erie	$708	$119
Progressive	$738	$124
Country Financial	$930	$157
American Family	$1134	$191
State Farm	$1230	$207
USAA	$1440	$242
Allstate	$2261	$381
Farmers	$2573	$437

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Waterloo are offered by Westfield at $192. However, it can be as expensive as $4716 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Waterloo after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Westfield	$192	$32
Auto-Owners Insurance Co	$216	$36
Mercury	$234	$39
Erie	$251	$42
Hanover	$288	$48
Country Financial	$606	$102
USAA	$786	$131
State Farm	$1074	$183
Travelers	$1218	$203
Progressive	$1259	$214
American Family	$1398	$235
Allstate	$4008	$682
Farmers	$4716	$786

Car Insurance Price Trends in Waterloo, Illinois

Car insurance rates in Waterloo have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Waterloo rose by $195 in December compared to $193 of November. In other words, there has been an increase by $2 when you compare December and November.

The average cost of liability insurance in the Waterloo rose to $54 in December, compared to $52 in November. This represents an increase of $2 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Waterloo?

The car insurance in Waterloo is $25 per month, which is lower than the national average.

What is the cheapest car insurance in Waterloo?

The cheapest car insurance in Waterloo is $77 per month for full coverage.

How much is car insurance in Waterloo for teenagers?

Car insurance for teenagers costs $192 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Waterloo?

The average cost of car insurance is $869 for a six-month policy. It will cost around $146 per month to insure your car in Waterloo.

Is car insurance expensive in Waterloo?

Car insurance can be expensive in Waterloo if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Waterloo can be affordable.

Cheapest Car Insurance Quotes in Waterloo

Why you can trust Way?

How Much Is Car Insurance in Waterloo

Avg. Car Insurance in Waterloo

Avg. Car Insurance in Illinois

National Average

Cheapest Car Insurance Companies in Waterloo

1st place: AutoOwners Insurance Co

2nd place: Westfield

3rd place: Country Financial

Waterloo Car Insurance Rates by Company

Cheap Car Insurance Companies in Waterloo, IL

Way's key takeaways about car insurance in Waterloo

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Waterloo

Cheapest Liability Coverage in Waterloo, IL

Cheapest Full Coverage Car Insurance in Waterloo

Cheapest Full Coverage Car Insurance Quotes in Waterloo, IL

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Waterloo by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Waterloo, IL increasing?

Car Insurance Premiums by Age in Waterloo

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Waterloo,IL

If you are in your twenties AutoOwners is the best choice for car insurance in Waterloo.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Waterloo

Cheapest Car Insurance Companies after an At-Fault Accident in Waterloo

Waterloo Car Insurance Rates by Violation

Waterloo auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Waterloo after a DUI

Waterloo car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Waterloo after Speeding ticket

Car Insurance Price Trends in Waterloo, Illinois

Average Car Insurance Cost in Waterloo by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Waterloo, IL

Car Insurance Rates by State in the USA (2025 Update)

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