Illinois, commonly referred to as the Land of Lincoln, boasts over 12 million residents and ranks sixth most populous among US states. Furthermore, with 306,614 miles of roads within its boundaries and 12 million residents living within its boundaries, drivers there require adequate vehicle coverage – but how much should that cost and which factors influence premiums? For answers such as these and others we relied upon our Illinois car insurance calculator for answers.
GEICO’s car insurance calculator estimates how much it would cost to obtain liability, collision and comprehensive coverage in Illinois. It factors in various rating variables that impact this figure such as driver age, driving record and credit history as well as type of vehicle driven for commuter needs as well as recent accidents or speeding tickets.
No secret exists regarding how driving records impact car insurance rates: drivers with spotty records tend to face higher premiums, while those who have gone ticket-free tend to enjoy reduced premiums. But what may not be well known is how one’s credit score can have just as significant an effect – those with excellent or good credit often save as much as 78% when compared with those who possess poor credit!
Coverage purchased can have an immense effect on premiums. While Illinois only mandates bodily injury and property damage liability insurance policies, those looking to ensure they’re fully protected should consider purchasing additional coverages such as collision and comprehensive policies.
Medical payment coverage, which reimburses victims regardless of who was responsible, and uninsured/underinsured motorist coverage are both additional optional coverages that drivers can add to their policy in Illinois. But these types of policies can quickly add up so it’s essential that drivers understand any financial ramifications before opting to purchase these additional policies.
What Is an Ideal Car Insurance Provider in Illinois? Ultimately, Illinois car insurance providers that excel are those that provide an optimal balance of low premiums and extensive coverage options. When loss ratios exceed 70% it means spending more on claims than they’re receiving in premiums – leading to an increase in rates; so finding one with an optimum loss ratio is essential to finding an insurance provider with affordable premiums and adequate protection options.
Finding the right car insurance in Illinois can be a difficult process, but with our car insurance calculator in Illinois and some help from The Zebra’s guidance you can make it simpler than ever! Simply enter your zip code below or continue reading to understand some of the variables influencing rates across this Great State of Lincoln.