Full coverage car insurance in Illinois will cost on average $1,485 per year. This is actually less than the national average of $1,738 per year. Drivers who opt for the state-required minimum liability insurance in Illinois will pay on average $442 per year, slightly lower than the $480 average of the nation.
Keep in mind that everybody will pay a different premium for their auto insurance. If you are looking for the cheapest car insurance in Illinois, you’ll need to explore the basic liability insurance, plus have a stellar driving record and take advantage of all car insurance discounts you can.
What Is the Average Premium for Cheap Full Coverage Car Insurance in Illinois?
The average premium in Illinois for full coverage car insurance is $124 per month, slightly lower than the national average, which is about $144.
Full coverage car insurance is liability plus comprehensive car insurance and collision auto insurance. If your vehicle is financed, your lender will most likely require full coverage insurance. Many drivers choose to carry full coverage for the enhanced financial protection it offers. You can also increase your liability coverage.
How Much Is It for Cheap Liability Insurance or the Minimum Required Car Insurance in Illinois?
The average price for the mandatory minimum liability car insurance coverage in Illinois is around $37 per month. That’s a few dollars cheaper than the national average of $40.
At first, that sounds like a great deal. However, paying the least amount for the least coverage is a precarious situation for many drivers who don’t have enough cash savings to cover themselves and others if they wind up in an accident. Because Illinois is an at-fault state, drivers who cause a crash must compensate other drivers for their losses. That’s why Illinois drivers must insure against losses for both themselves and others. Otherwise, they may have to pay additional expenses out of pocket.
How Do Rates Compare Across Major Cities in Illinois?
More than 12 million Americans call Illinois home. The state known as the Land of Lincoln is the sixth-largest in the U.S., with Springfield as its capital. Bustling Chicago sits in northeastern Illinois, with small industrial and agricultural cities also dotting the landscape. The southern half of the state has bountiful natural resources, with towns and cities invested in coal, timber, and petroleum production. Here’s a look at the average monthly car insurance premiums that Illinois drivers pay across the state.
Keep in mind that insurance companies look at collective data, such as how many accidents, incidents of vehicle crime and personal injury lawsuits are filed when factoring on rates for a certain area.
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.