Cheapest car insurance companies in Chicago
A recent data analysis by Insurance.com found the cheapest car insurance companies are Progressive and Automobile Club MI (AAA) in Chicago for 2023.
Progressive offers the cheapest car insurance premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. for Chicago drivers at an annual rate of $1,366 a year, on average.
When it comes to car insurance costs in Chicago, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy.
| Companies | Average annual rates |
|---|---|
| Progressive | $1,366 |
| Automobile Club MI (AAA) | $1,402 |
| Travelers | $1,415 |
| Geico | $1,608 |
| Auto-Owners | $1,811 |
| USAA | $2,066 |
| Erie Insurance | $2,083 |
| Country Financial | $2,134 |
| State Farm | $2,254 |
| Allstate | $3,419 |
Cheapest car insurance cost in Chicago by Age Group
Erie Insurance is the cheapest option for car insurance in Chicago for teen drivers, with average annual premiums at just $4,482 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
For young drivers in Chicago, Progressive has the cheapest auto insurance rates, with an average annual cost of $2,284 annually.
For Chicago drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. Progressive provides the cheapest car insurance premiums, offering full coverage policies at $1,389 annually.
Progressive tops the list in terms of affordability for senior drivers in Chicago. With an average annual premium of $1,424, Progressive offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Erie Insurance | $4,482 | $3,381 | $2,112 | $2,227 |
| Progressive | $4,664 | $2,284 | $1,389 | $1,424 |
| Auto-Owners | $4,874 | $3,069 | $1,836 | $1,900 |
| Automobile Club MI (AAA) | $5,229 | $2,430 | $1,415 | $1,445 |
| Country Financial | $5,343 | $3,217 | $2,182 | $2,080 |
| Travelers | $6,116 | $2,329 | $1,451 | $1,500 |
| Geico | $6,368 | $2,715 | $1,667 | $1,434 |
| State Farm | $6,701 | $3,795 | $2,277 | $2,215 |
| USAA | $8,295 | $3,659 | $2,117 | $2,029 |
| Allstate | $10,579 | $5,286 | $3,438 | $3,459 |
Cheapest car insurance companies in Chicago by driver profile
When determining car insurance rates in Chicago, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
To find the cheapest car insurance company in Chicago, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.
Below are some of the cheapest car insurance companies in Chicago by driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
If you're a Chicago driver with poor credit, Nationwide is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,728 annually.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Nationwide | $1,728 |
| Geico | $1,936 |
| Travelers | $2,027 |
| USAA | $2,382 |
| Progressive | $2,819 |
| State Farm | $2,832 |
| Farmers | $2,894 |
| Allstate | $3,890 |
Cheapest for drivers with a speeding ticket: State Farm
State Farm has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Chicago. Its full coverage car insurance policy costs an average of $1,430 per year for drivers aged 30.
Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,430 |
| Geico | $1,715 |
| Nationwide | $1,755 |
| Travelers | $1,888 |
| USAA | $1,915 |
| Progressive | $2,145 |
| Farmers | $2,542 |
| Allstate | $3,648 |
Cheapest auto insurance after an at-fault accident: State Farm
State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Chicago is $1,556. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.
| Company | Average annual rates |
|---|---|
| State Farm | $1,556 |
| Geico | $1,979 |
| Travelers | $1,988 |
| Nationwide | $2,246 |
| USAA | $2,491 |
| Progressive | $2,597 |
| Farmers | $3,052 |
| Allstate | $5,536 |
Cheapest auto insurance after a DUI: State Farm
In Chicago, State Farm has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $1,430 a year.
Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.
| Company | Average annual rates |
|---|---|
| State Farm | $1,430 |
| Progressive | $2,342 |
| Travelers | $2,467 |
| Geico | $2,596 |
| Farmers | $3,123 |
| Nationwide | $3,262 |
| USAA | $3,438 |
| Allstate | $5,090 |
Average car insurance cost in Chicago
In Chicago, the average annual cost for full coverage car insurance is around $1,930, which breaks down to approximately $161 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Chicago is about $565.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | State minimum average |
|---|---|
| $1,930 | $565 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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