cheap insurance illinois

Introduction

Hey readers! Are you tired of paying an arm and a leg for car insurance? If you’re like most people in Illinois, you’re probably looking for ways to save money on your insurance premiums without sacrificing coverage. Well, you’re in luck! In this comprehensive guide, we’ll explore all the ins and outs of finding cheap insurance in Illinois. From comparing quotes to taking advantage of discounts, we’ve got you covered.

Why Illinois Insurance Premiums Are So High

Before we dive into finding cheap insurance, let’s take a closer look at why Illinois insurance premiums are so high in the first place. There are a few key factors that contribute to these higher costs:

High Number of Accidents

Illinois has a higher number of car accidents than the national average. In 2021, there were over 300,000 car accidents in Illinois, resulting in over 1,000 fatalities. This high rate of accidents means that insurance companies have to pay out more claims, which drives up premiums for everyone.

Large Population of Uninsured Drivers

Another factor that contributes to high insurance premiums in Illinois is the large population of uninsured drivers. In 2021, an estimated 13% of drivers in Illinois were uninsured. When uninsured drivers cause accidents, the costs are passed on to insured drivers through higher premiums.

Fraudulent Claims

Insurance fraud is also a major problem in Illinois. In 2021, the National Insurance Crime Bureau (NICB) estimated that insurance fraud costs Illinois drivers over $1 billion each year. This fraud can range from staged accidents to fake injuries, and it all contributes to higher premiums for everyone.

How to Find Cheap Insurance in Illinois

Now that we understand why Illinois insurance premiums are so high, let’s take a look at some tips for finding cheap insurance.

Compare Quotes from Multiple Insurers

One of the best ways to find cheap insurance is to compare quotes from multiple insurers. There are a number of ways to do this:

Online Comparison Tools: There are a number of online comparison tools that allow you to enter your information and receive quotes from multiple insurers. This is a quick and easy way to get a general idea of what you should be paying for insurance.

Independent Insurance Agents: Independent insurance agents represent multiple insurers, so they can shop around for the best rates on your behalf. This can be a good option if you want personalized advice and help understanding your options.

Captive Agents: Captive agents represent a single insurer, so they can only offer you quotes from that insurer. However, captive agents may have access to exclusive discounts that you can’t get from other sources.

Take Advantage of Discounts

Many insurers offer discounts for things like:

Good Driving History: Drivers with a clean driving record can often get discounts on their insurance premiums.

Multi-Car Discounts: Insuring multiple cars with the same insurer can often save you money.

Homeowners Insurance Discounts: Insuring your home and car with the same insurer can also save you money on both policies.

Safety Features: Cars with safety features like anti-lock brakes and airbags can often qualify for discounts.

Raise Your Deductible

Your deductible is the amount of money you have to pay out of pocket before your insurance coverage kicks in. Raising your deductible can lower your monthly premiums. However, it’s important to make sure you choose a deductible that you can afford to pay in the event of an accident.

Consider Usage-Based Insurance

Usage-based insurance (UBI) is a type of insurance that tracks your driving habits and adjusts your premiums based on how you drive. If you’re a safe driver, you could save a significant amount of money on your insurance premiums with UBI.

Detailed Breakdown of Insurance Costs in Illinois

The following table provides a detailed breakdown of the average cost of car insurance in Illinois, based on coverage level:

Conclusion

Finding cheap insurance in Illinois doesn’t have to be a hassle. By following the tips in this guide, you can save money on your insurance premiums without sacrificing coverage. So, what are you waiting for? Start comparing quotes today and see how much you can save!

Check out our other articles on car insurance:

• How to Find Cheap Car Insurance in Chicago
• The Best Car Insurance Companies in Illinois
• How to File a Car Insurance Claim in Illinois

FAQ about Cheap Car Insurance in Illinois

1. How can I find the cheapest car insurance in Illinois?

Compare quotes from multiple insurance companies to find the best rates that fit your needs and budget.

2. What are the factors that affect car insurance premiums in Illinois?

Age, driving history, vehicle type, location, and coverage limits.

3. Can I get cheap car insurance with a low credit score?

Yes, but it may be more difficult. Consider non-credit-based factors like driving record and insurance history.

4. What is the minimum car insurance coverage required in Illinois?

Liability coverage for bodily injury and property damage.

5. Should I get full coverage car insurance?

Consider full coverage if your car is new or financed, or if you drive frequently in high-risk areas.

6. How can I save money on car insurance premiums?

Maintain a good driving record, bundle policies, increase deductibles, and take advantage of discounts.

7. What is SR-22 insurance?

Proof of financial responsibility required after certain driving violations.

8. What if I have a DUI or other major driving offense?

Expect higher insurance rates. Consider SR-22 insurance and rehabilitation programs.

9. Can I get car insurance without a license?

No, a valid driver’s license is required to obtain car insurance.

10. What is comprehensive versus collision coverage?

Comprehensive covers damage from non-collision events like theft or hail, while collision covers damage from vehicle collisions.