Cheap Auto Insurance in Illinois: Everything You Need to Know

Illinois is a state where having auto insurance is mandatory. It is important to have the right insurance coverage to protect yourself, your family, and your car from any unwanted incidents. However, finding affordable auto insurance can be a daunting task. In this article, we will discuss everything you need to know about cheap auto insurance in Illinois.

What is Auto Insurance?

Auto insurance is a contract between you and your insurance provider that protects you financially in case of an accident or other unforeseen event. The policy covers your car, you, and other passengers in case of damages, theft, or injuries.

In Illinois, it is mandatory for drivers to carry liability insurance. Liability insurance covers the damages caused by you to other people’s property or bodily injury in an accident where you are at fault. The minimum liability coverage that you need in Illinois is:

Coverage Type	Minimum Required Coverage
Bodily injury liability	$25,000 per person/$50,000 per accident
Property damage liability	$20,000 per accident

What is Full Coverage Insurance?

Full coverage insurance includes comprehensive and collision coverage in addition to liability coverage. Comprehensive coverage covers any damage caused to your car due to natural disasters, theft, or vandalism. Collision coverage covers the damages caused to your car due to an accident regardless of who’s at fault.

Full coverage insurance is more expensive than liability insurance but provides more comprehensive protection. However, it is important to note that full coverage insurance is not mandatory in Illinois.

Factors Affecting Auto Insurance Rates in Illinois

Auto insurance rates in Illinois are impacted by several factors that include:

1. Age and Gender

Insurance companies charge higher premiums to younger drivers who have less driving experience as they have a higher risk of getting into accidents. Similarly, male drivers are considered to be more aggressive and risky drivers than female drivers, and thus may have to pay higher premiums.

2. Driving Record

Your driving record plays a critical role in determining your auto insurance rates. Drivers with a clean driving record are considered less risky and may qualify for lower premiums. On the other hand, drivers with multiple speeding tickets or accidents on their record may have to pay higher premiums as they are considered a high-risk driver.

3. Location

The location where you live or park your car can also affect your auto insurance rates. The crime rate in your area, the number of accidents in your locality, and the frequency of severe weather events can impact your insurance rates.

4. Type of Car

The make and model of your car can also impact your auto insurance rates. Sports cars and luxury cars are more expensive to repair or replace, and thus, the insurance premiums for these cars are higher. Similarly, cars with advanced safety features that reduce the risk of accidents may qualify for lower premiums.

How to Get Cheap Auto Insurance in Illinois

While auto insurance is mandatory in Illinois, it does not mean you have to pay an exorbitant amount for it. Here are some tips to help you get cheap auto insurance.

1. Compare Quotes from Different Insurance Providers

It is important to research and compare quotes from different insurance providers to find the best rates. You can also use online comparison sites to get multiple quotes in a single place.

2. Increase Your Deductible

Increasing your deductible can reduce your monthly premium. However, keep in mind that you will have to pay more out of pocket in case of an accident.

3. Maintain a Good Driving Record

Having a clean driving record can qualify you for lower premiums. So, it is important to drive safely and avoid accidents and traffic violations.

4. Bundle Your Insurance Policies

Bundling your auto insurance with other insurance policies such as home or renters insurance can save you money on premiums.

5. Avail Discounts

Insurance providers offer various discounts for good driving records, safety features on your car, and loyalty. So, it is essential to check with your insurer to see if you qualify for any discounts.

FAQ

1. What is the average cost of auto insurance in Illinois?

The average cost of auto insurance in Illinois is around $900 per year for minimum coverage and around $1,900 per year for full coverage insurance.

2. What are the penalties for driving without insurance in Illinois?

Driving without insurance in Illinois can result in a fine of up to $2,500, suspension of your license, and impounding of your car.

3. Can I get auto insurance with bad credit?

Yes, you can get auto insurance with bad credit, but you may have to pay higher premiums. It is important to try and improve your credit score to qualify for lower premiums.

4. What is the minimum coverage required in Illinois?

The minimum coverage required in Illinois is liability insurance with a minimum coverage of $25,000 per person/$50,000 per accident for bodily injury and $20,000 per accident for property damage.

5. How can I lower my auto insurance rates in Illinois?

You can lower your auto insurance rates in Illinois by comparing quotes from different providers, maintaining a clean driving record, increasing your deductible, bundling your insurance policies, and availing discounts.

Conclusion

Having auto insurance is mandatory in Illinois, but you don’t have to pay exorbitant amounts for it. It is important to research and compare quotes from different providers, maintain a clean driving record, and avail discounts to get affordable auto insurance rates. By following the tips mentioned in this article, you can save money on your auto insurance premiums while still getting the right coverage.