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If you're looking for the best and cheapest car insurance in Chicago, then you're in luck. Our team of experts at Insurance.com has analyzed major auto insurance carriers across Chicago and prepared this guide for you.

The average cost of auto insurance in Chicago for full coverage is $1,967 per year for the profile of a 30-year-old driver. However, your rates will vary depending on your driving record, age, and the amount of coverage you purchase.

The following guide will help you find the best car insurance companies in Chicago. It also includes information on carriers with high customer satisfaction rates, as well as their respective insurance premium for your specific needs and situation.

Cheapest car insurance companies in Chicago

According to a study by Insurance.com, the cheapest car insurance companies in Chicago for 2023 are Geico and Travelers.

Geico is the cheapest option for most Chicago drivers, with an average annual rate of $1,050.

Car insurance cost may vary in Chicago based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Chicago

CompaniesAverage Annual Rates
Geico$1,050
Travelers$1,382
Auto-Owners$1,482
State Farm$1,487
USAA$1,574
Mercury Insurance$1,575
Nationwide$1,670
American Family$1,688
Progressive$1,743
Erie Insurance$1,782
Farmers$1,931
Allstate$3,244
Auto Club Enterprises (AAA)$3,393
Automobile Club MI (AAA)$3,537

Cheapest car insurance cost in Chicago by Age Group

The cheapest auto insurance company in Chicago for teen drivers is Erie Insurance. For full coverage, its average annual rate for Chicago drivers is $4,237. Insurance companies put teenagers in the category of high-risk drivers, and as a result they are charged higher rates for insurance.

However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on your parents' car insurance policy for as long as possible.

Geico is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Chicago at about $1,831 per year.

You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Chicago is the Geico. Its average rate for a full coverage car insurance policy is $1,109 per year.

If you are a senior driver in Chicago and looking for a cheap car insurance company, then consider buying insurance from the Geico. It is the cheapest auto insurance company for senior drivers with an average premium of $969 per year.

CompaniesAdultsSeniorsTeensYoung Adults
Allstate$3,207$3,237$8,703$5,550
American Family$1,723$1,727$5,990$2,908
Auto Club Enterprises (AAA)$3,455$3,170$19,800$7,768
Auto-Owners$1,524$1,525$4,615$2,672
Automobile Club MI (AAA)$3,751$3,496$14,076$7,334
Erie Insurance$1,846$1,952$4,237$3,049
Farmers$1,983$1,953$11,017$3,985
Geico$1,109$969$4,671$1,831
Mercury Insurance$1,751$1,814$9,725$3,981
Nationwide$1,720$1,617$7,340$3,234
Progressive$1,811$1,931$8,451$3,460
State Farm$1,539$1,441$4,917$2,740
Travelers$1,443$1,454$6,615$2,390
USAA$1,638$1,535$5,963$2,727

Cheapest car insurance companies in Chicago by driver profile

Car insurance rates in Chicago vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations.

To find the cheapest car insurance company in Chicago, it's important to compare auto insurance rates from multiple providers. This way, you can find the best deal that meets your needs and budget.

Here are some of the cheapest car insurance companies in Chicago based on driver profile.

Cheapest for a driver with poor credit: Nationwide

The cheapest car insurance company for a driver with poor credit is Nationwide. It offers auto insurance for Chicago drivers at about $1,719 per year.

Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit score.

CompaniesAverage Annual Rates
Nationwide$1,719
Geico$1,779
Mercury$1,808
Travelers$2,077
American Family$2,201
USAA$2,403
Progressive$2,763
Farmers$2,778
State Farm$2,832
Auto Club Entreprises$3,126
Erie$3,312
Auto-Owners$3,864
Allstate$4,013
Automobile Club of MI$7,810

Cheapest for drivers with a speeding ticket: Geico

Geico offers the cheapest auto insurance rates for drivers with a speeding ticket in Chicago. It offers full coverage car insurance for drivers age 30 at about $1,419 per year.

Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.

CompaniesAverage Annual Rates
Geico$1,419
State Farm$1,430
Auto-Owners$1,491
Erie$1,581
American Family$1,678
Nationwide$1,678
Travelers$1,785
USAA$1,857
Mercury$1,876
Progressive$2,054
Farmers$2,363
Auto Club Entreprises$2,892
Allstate$3,656
Automobile Club of MI$6,955

Cheapest auto insurance after an at-fault accident: American Family

American Family is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Chicago is $1,255. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.

CompaniesAverage Annual Rates
American Family$1,255
Geico$1,464
State Farm$1,556
Auto-Owners$1,668
Travelers$1,904
Erie$1,983
Nationwide$2,006
USAA$2,197
Progressive$2,285
Farmers$2,619
Mercury$2,688
Auto Club Entreprises$3,292
Allstate$5,178
Automobile Club of MI$6,867

Cheapest auto insurance after a DUI: State Farm

State Farm is the carrier that offers cheap auto insurance rates in Chicago for drivers after a DUI. Its average annual rate for full coverage is $1,430.

If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.

CompaniesAverage Annual Rates
State Farm$1,430
American Family$1,678
Progressive$1,701
Mercury$1,799
Geico$1,959
Travelers$2,067
Erie$2,385
Farmers$2,466
Auto-Owners$2,524
Nationwide$2,595
USAA$3,100
Auto Club Entreprises$3,364
Allstate$4,399
Automobile Club of MI$12,758

Average car insurance cost in Chicago

The average car insurance rate in Chicago for full coverage is $1,967 per year or $164 a month. These rates are for coverage level of 100/300/100. Whereas the average rate for state minimum coverage in Chicago is $601 per year.

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.

Average Annual RatesState Minimum Average
$1,967$601

Methodology

Insurance.com commissioned 2022 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2022.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.

Compare auto insurance rates by city in Illinois

Bloomington
$1,187/year
Crest Hill
$1,526/year
Crystal Lake
$1,293/year
Decatur
$1,320/year
Des Plaines
$1,585/year
Elgin
$1,388/year
Joliet
$1,468/year
Mount Carmel
$1,293/year

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