Illinois Car Insurance Calculator

In Illinois, drivers are legally required to have minimum amounts of auto liability and collision coverage in order to drive legally. Additional types of coverage, such as comprehensive and uninsured motorist, can also be purchased. Most lenders require physical damage coverage when financing vehicles through them. The Illinois Department of Insurance establishes and enforces insurance laws within its borders while helping consumers with questions or grievances against insurers.

Insurance rates can differ significantly between providers, depending on a variety of factors such as age, location and driving record. Other considerations include type of vehicle and coverage options selected as well as any deductible amount chosen; it’s essential that individuals shop around and compare quotes in order to find their ideal provider and plan.

Illinois car insurance premiums tend to be about 12 percent less than national averages due to multiple factors, including its relatively low accident and theft rates. Illinois’ annual minimum coverage premium average is $552 while full coverage costs around $1,806 annually.

When comparing car insurance prices, it’s essential to factor in the total value of your vehicle and its replacement parts costs, which may differ significantly between manufacturers. When making decisions based on this data, make an informed choice on who offers you coverage and at what rate.

Driving records also play a pivotal role in Illinois car insurance rates. Even one speeding ticket can result in premium increases of 27 percent on average; DUI convictions can push those costs even higher by as much as 86%! Maintaining a clean driving history is one of the best ways to minimize car insurance costs here in the Prairie State.

Addition of teen drivers often results in the highest increase to car insurance premiums; often up to 3.6x. This is likely due to their greater likelihood of involvement in accidents than older drivers, so when possible it is recommended that these teens remain covered under either their parent’s policy or family plan.

Your city of residence can have a significant effect on the cost of car insurance. Urban areas tend to have higher accident and theft statistics than their suburban or rural counterparts, and thus this price of car insurance in urban settings can also be affected by weather patterns and crime rates. Therefore, drivers should compare prices between cities when searching for coverage; using an Illinois Car Insurance Calculator can assist drivers in quickly finding suitable rates in their area; simply enter personal information and calculate customized quotes within seconds!