Key Takeaways
- State Farm has the cheapest car insurance rates in Chicago, with monthly premiums costing $50 on average.
- For minimum coverage, Illinois drivers pay less than the national average — $150 a month compared to the national mean of $170.
- Country Financial is the most affordable option for young drivers.
In this article
The cheapest car insurance companies in Chicago, IL
State Farm is the cheapest car insurance company in Chicago. For minimum coverage, the provider charges an average monthly rate of $50. For full coverage, it charges $106.
State Farm also is the most affordable car insurance option in Chicago for:
- Senior drivers
- Married drivers
- Drivers with a prior incident on their records
State Farm may or may not be the cheapest car insurance company for you. This is because rates are based on several factors, including where you live, the car you drive and your driving record.
The best way to get your cheapest rate is to compare car insurance quotes from a number of companies.
Illinois car insurance state minimums
Illinois drivers in Chicago and elsewhere must meet the state’s minimum car insurance requirements for 25/50/20 liability coverage. This means they need:
| Coverage type | State requirements |
|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident |
| Property damage liability | $20,000 per person |
Optionally, drivers may also add coverages for:
- Collision and comprehensive coverages
- Coverages for towing and rental cars
- Personal injury protection (PIP)
Cheapest minimum-coverage auto insurance rates in Chicago, IL: State Farm
State Farm has the best minimum-coverage auto insurance rates in Chicago, charging just $50 a month.
The average cost of minimum-coverage car insurance in Chicago is $84 a month. State Farm’s average rate is 40% lower than that.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $50 |
| Country Financial | $52 |
| American Family | $72 |
| Progressive | $72 |
| Travelers | $74 |
| Allstate | $105 |
| GEICO | $126 |
| Farmers | $151 |
| USAA | $57 |
| Rates are for minimum-coverage car insurance for a 35-year-old male with a good driving record. | |
Get cheap car insurance in Chicago
Cheapest full-coverage auto insurance rates in Chicago: State Farm
The cheapest full-coverage car insurance also comes from State Farm. There, Chicago drivers will find an average monthly rate of $106.
The average cost of full-coverage car insurance in Chicago is $175 a month, so State Farm offers a significant deal.
Full-coverage car insurance typically refers to a policy with collision and comprehensive coverages, in addition to meeting the state’s required liability insurance. Drivers can also add coverages for additional costs such as towing, rental vehicles and PIP.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $106 |
| Country Financial | $120 |
| Travelers | $135 |
| American Family | $145 |
| Progressive | $181 |
| Allstate | $235 |
| Farmers | $252 |
| GEICO | $278 |
| USAA | $124 |
| Rates are for full-coverage car insurance for a 35-year-old male with a good driving record. | |
Cheapest car insurance in Chicago for drivers with bad credit: Country Financial
Country Financial is the cheapest car insurance option for drivers with bad credit, charging $183 a month for full coverage.
Bad credit can affect your car insurance rates because a driver with bad credit is often seen as a higher risk. This is due in part to data from government groups like the Federal Trade Commission, which has shown a correlation between lower credit and a higher accident rate.
| Insurance company | Monthly rate |
|---|---|
| Country Financial | $183 |
| Travelers | $215 |
| State Farm | $231 |
| American Family | $248 |
| Progressive | $311 |
| Allstate | $366 |
| Farmers | $427 |
| GEICO | $579 |
| USAA | $209 |
| Rates are for full-coverage car insurance for a 35-year-old male with poor credit and a good driving record. | |
We found that the average Chicago driver with bad credit pays 76% higher car insurance rates than they would if they had good credit. Country Financial customers pay just 53% higher rates, according to our data.
Cheapest car insurance for drivers with a prior incident
State Farm has the most affordable car insurance for drivers with an incident on their records. This includes drivers with speeding tickets, at-fault accidents and DUIs.
Cheapest for drivers with a speeding ticket: State Farm
State Farm leads the way for drivers with a speeding ticket. For full coverage, the company charges $114 a month for a full-coverage car insurance policy.
A speeding ticket can significantly impact your car insurance premiums. In fact, our data shows that nationwide a single ticket will increase your rate by around 20%.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $114 |
| Country Financial | $159 |
| American Family | $172 |
| Travelers | $175 |
| Progressive | $251 |
| Allstate | $311 |
| GEICO | $330 |
| Farmers | $386 |
| USAA | $157 |
| Rates are for full-coverage car insurance for a 35-year-old male with one speeding ticket on his driving record. | |
Cheapest for drivers with an at-fault accident: State Farm
State Farm again has the cheapest car insurance rates for drivers with an accident on their record. At State Farm, those drivers pay $124 a month, on average.
Nationwide, an at-fault accident increases auto insurance premiums by an average of 45%.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $124 |
| Country Financial | $179 |
| Travelers | $186 |
| American Family | 223 |
| Progressive | $303 |
| Farmers | $391 |
| Allstate | $446 |
| GEICO | $449 |
| USAA | $185 |
| Rates are for full-coverage car insurance for a 35-year-old male with one at-fault accident on his driving record. | |
Cheapest for drivers with a DUI: State Farm
State Farm leads the way for Chicago drivers with a DUI, charging them $114 a month for full-coverage car insurance policies. The company is followed by Country Financial and Progressive, which charge $187 and $207, respectively.
While there are still some affordable options out there, a DUI can greatly alter your monthly car insurance rates. Our data shows that, nationwide, drivers with a DUI pay 74% more than average for full-coverage insurance.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $114 |
| Country Financial | $187 |
| Progressive | $207 |
| Travelers | $208 |
| American Family | $259 |
| Farmers | $370 |
| Allstate | $371 |
| GEICO | $500 |
| USAA | $261 |
| Rates are for full-coverage car insurance for a 35-year-old male with one DUI on his driving record. | |
Compare car insurance quotes from top companies
Cheapest car insurance for senior drivers: State Farm
State Farm has the cheapest car insurance for seniors in Chicago. With State Farm, senior drivers pay an average monthly rate of $98.
In Chicago, senior drivers can often find better deals on auto insurance than younger adults. For example, State Farm’s rate of $98 is actually less than the average monthly cost for 35-year-olds, which is $106.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $98 |
| Country Financial | $110 |
| Travelers | $122 |
| American Family | $134 |
| Progressive | $167 |
| Allstate | $221 |
| Farmers | $234 |
| GEICO | $263 |
| USAA | $115 |
| Rates are for full-coverage car insurance for a 65-year-old male with a clean driving record. | |
Cheapest car insurance for young drivers: Country Financial
Teen drivers in Chicago will find the best and cheapest car insurance rates at Country Financial, based on our research. The provider charges them $149 a month for minimum coverage and $332 for full coverage, on average.
As is the case in most cities, Chicago has much higher car insurance rates for young drivers. For a 35-year-old, the cheapest full-coverage rate is $106 a month, but for an 18-year-old, it’s $322 — over three times more expensive.
| Insurance company | Minimum coverage | Full coverage |
|---|---|---|
| Country Financial | $149 | $322 |
| State Farm | $154 | $329 |
| Travelers | $221 | $425 |
| Allstate | $252 | $551 |
| American Family | $274 | $553 |
| GEICO | $279 | $670 |
| Progressive | $280 | $841 |
| Farmers | $710 | $1,153 |
| USAA | $148 | $352 |
| Rates are for an 18-year-old male with a clean driving record. | ||
Cheapest car insurance for married drivers: State Farm
Married drivers in Chicago should head to State Farm for cheap car insurance, as it charges just $106 a month for full coverage.
In Chicago, this is the same as the best deal for single drivers. However, being married can affect your car insurance rate in some cases — often for the better.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $106 |
| Country Financial | $112 |
| Travelers | $135 |
| American Family | $145 |
| Progressive | $166 |
| Allstate | $233 |
| Farmers | $248 |
| GEICO | $281 |
| USAA | $115 |
| Rates are for full-coverage car insurance for a married 35-year-old male with a good driving record. | |
Car insurance laws in Illinois
Financial responsibility insurance (SR-22)
Financial responsibility insurance, also known as SR-22, is not required in Illinois. However, the state does have the power to require it, if a driver has violations on their record, such as license suspensions, mandatory insurance supervisions or multiple insurance violations.
No-fault car insurance
Illinois is not a no-fault car insurance state. Instead, it’s what is called an at-fault or tort state, meaning that the driver deemed responsible for an accident is liable to pay for the victim’s damages.
To receive those damages, the victim will need to file a car insurance claim against the at-fault driver’s liability policy.
Chicago car insurance: FAQs
State Farm has the cheapest car insurance in Chicago. State Farm offers the best rates for minimum and full-coverage insurance, as well as the best rates for seniors, married drivers and those with incidents on their records.
For minimum-coverage car insurance, Chicagoans pay an average of $84 a month. For full coverage, the average cost is $175 a month.
That would be Country Financial. The provider charges $149 a month for minimum coverage and $322 for full coverage. In this case, a teen driver is an 18-year-old with a clean record.
Methodology
The rates shown in this article are based on an analysis of more than 300,000 auto insurance quotes obtained from Quadrant Information Services for sample drivers from across Chicago, Illinois.
Unless otherwise noted, our sample driver is a single 35-year-old with good credit. All sample drivers own a 2012 Honda Accord LX that they drive for an average of 13,500 miles per year.
Our senior base driver is a 65-year-old male with a good driving record. Our young base driver is an 18-year-old male with a good driving record.
Minimum-coverage rates reflect the cost of policies meeting the minimum liability limits required by the state.
Full coverage policies include the following coverages, limits and deductibles:
- Bodily injury liability: 100,000 limit per person/$300,000 limit per accident
- Property damage liability: $100,000 limit
- Collision: $500 deductible
- Comprehensive: $500 deductible
Sources:
Auto insurance by city
- Chicago
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