Cheapest car insurance companies in Chicago 

A recent data analysis by Insurance.com found the cheapest car insurance companies are Progressive and Automobile Club MI (AAA) in Chicago for 2023. 

In Chicago, Progressive provides the cheapest auto insurance rates to drivers at an average annual premium of $1,366 annually

Car insurance costs 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
Progressive$1,366
Automobile Club MI (AAA)$1,402
Travelers$1,415
Geico$1,608
Auto-Owners$1,811
USAA$2,066
Erie Insurance$2,083
Country Financial$2,134
State Farm$2,254
Allstate$3,419

Cheapest car insurance cost in Chicago by Age Group 

Erie Insurance stands out as Chicago's cheapest auto insurance company for teen drivers at an average annual of $4,482. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups. 

Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance. 

For young drivers in Chicago, Progressive has the cheapest auto insurance rates, with an average annual cost of $2,284 annually

Drivers in Chicago stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. Progressive has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $1,389 a year

With an average annual premium of $1,424, Progressive offers Chicago's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel. 

CompanyTeensYoung AdultsAdultsSeniors
Erie Insurance$4,482$3,381$2,112$2,227
Progressive$4,664$2,284$1,389$1,424
Auto-Owners$4,874$3,069$1,836$1,900
Automobile Club MI (AAA)$5,229$2,430$1,415$1,445
Country Financial$5,343$3,217$2,182$2,080
Travelers$6,116$2,329$1,451$1,500
Geico$6,368$2,715$1,667$1,434
State Farm$6,701$3,795$2,277$2,215
USAA$8,295$3,659$2,117$2,029
Allstate$10,579$5,286$3,438$3,459

Cheapest car insurance companies in Chicago by driver profile 

Insurers in Chicago consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.

When it comes to finding the cheapest car insurance rates in Chicago, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.

Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Chicago drivers based on driver profile.

If you're a Chicago driver with poor credit, Nationwide is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,728 annually

Drivers with poor or bad credit scores in Chicago can consider the following car insurance companies to get the affordable car insurance coverage. 

CompanyAverage annual rates
Nationwide$1,728
Geico$1,936
Travelers$2,027
USAA$2,382
Progressive$2,819
State Farm$2,832
Farmers$2,894
Allstate$3,890

In Chicago, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,430, on average. 

Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors. 

Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price. 

CompanyAverage annual premium
State Farm$1,430
Geico$1,715
Nationwide$1,755
Travelers$1,888
USAA$1,915
Progressive$2,145
Farmers$2,542
Allstate$3,648

Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.

In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Chicago drivers with at-fault accidents. It provides coverage at an average annual cost of $1,556.

CompanyAverage annual rates
State Farm$1,556
Geico$1,979
Travelers$1,988
Nationwide$2,246
USAA$2,491
Progressive$2,597
Farmers$3,052
Allstate$5,536

Buying car insurance doesn't have to break the bank. State Farm offers the cheapest full coverage policy in Chicago for drivers with a DUI, with an average annual premium of $1,430.

Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.

CompanyAverage annual rates
State Farm$1,430
Progressive$2,342
Travelers$2,467
Geico$2,596
Farmers$3,123
Nationwide$3,262
USAA$3,438
Allstate$5,090

Average car insurance cost in Chicago 

In Chicago, the average annual cost for full coverage car insurance is around $1,930, which breaks down to approximately $161 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Chicago is about $565.

While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.

Average annual RatesState minimum average
$1,930$565

Methodology

Insurance.com commissioned 2023 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 2023.

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. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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