Average Cost Of Auto Insurance In Illinois

What Is The Average Cost Of Auto Insurance In Illinois?

The average cost of auto insurance in Illinois is just over $1,000 per year. This is less than the national average of $1,500. However, the cost of auto insurance in Illinois can vary significantly depending on the type of vehicle you drive, the coverage limits you select, and other factors. For example, if you live in a higher-risk area, you may end up paying more for auto insurance than someone living in a low-risk area. Additionally, if you have a poor driving record, you may find that your auto insurance premiums are higher than average.

What Factors Affect The Cost Of Auto Insurance In Illinois?

There are several factors that can affect the cost of auto insurance in Illinois. These include the type of car you drive, your age, your driving record, and the type of coverage you select. Additionally, where you live, the amount of time you spend driving, and the amount of miles you drive each year can also impact the cost of your auto insurance. In order to get the best rates, it is important to shop around and compare rates from several different insurance companies.

What Is The Minimum Amount Of Auto Insurance Required By Law In Illinois?

The minimum amount of auto insurance required by law in Illinois is $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident, and $20,000 for property damage liability per accident. Additionally, you must have uninsured motorist coverage of at least $25,000 per person and $50,000 per accident. If you are found to be at fault in an accident, this coverage will help protect you from lawsuits that may be filed against you.

Are There Any Discounts Available For Auto Insurance In Illinois?

Yes, there are several discounts available for auto insurance in Illinois. For example, you may be eligible for a discount if you are a safe driver, if you are a student, or if you have taken a defensive driving course. Additionally, some insurance companies offer discounts if you have multiple vehicles on one policy, if you insure your home and auto with the same company, or if you pay your premiums in full. Be sure to ask your insurance agent about any discounts you may be eligible for.

How Can I Lower My Auto Insurance Rates In Illinois?

There are several ways to lower your auto insurance rates in Illinois. One way is to shop around and compare rates from multiple insurance companies. Additionally, you can increase your deductible, which will lower your premiums, but make sure you can afford to pay the higher deductible in the event of a claim. You can also look for discounts, such as safe driver discounts, multiple vehicle discounts, and student discounts. Finally, you can look for ways to be a safer driver, such as avoiding distracted driving and following all traffic laws.

Conclusion

The average cost of auto insurance in Illinois is just over $1,000 per year, but this can vary significantly depending on a number of factors. In order to get the best rate, it is important to shop around and compare rates from multiple insurance companies. Additionally, you may be eligible for discounts based on your driving record, the type of car you drive, and other factors. Finally, you can lower your auto insurance rates by increasing your deductible, looking for discounts, and being a safer driver.