Cheap Auto Insurance for Teenagers in Illinois

This would be a quick read if we could just give you the name of the single best company that has the cheapest rates in Illinois. Regrettably, it’s not quite that easy, as there are a whole slew of unknowns like the number of miles you drive each year, if you need full coverage or just liability, if you have a spouse, and how high your deductibles should be, that all go into determining the rate you pay. If you keep reading, we will teach you about these factors and others that can influence the price of auto insurance and hopefully give you enough understanding to have some help in finding cheaper rates.

Trying to buy low-cost auto insurance is easier said than done, and finding out which company has the cheapest insurance rates for teenagers will take even more work. Coverage rates may be significantly pricier than the average price in Illinois, with the higher price attributed to the potential for higher claims that comes with offering coverage for teen drivers, but affordable insurance may be attainable if you carefully shop around. Each auto insurer uses slightly different criteria for filing rates in each state, so first we will examine the insurance companies that tend to have lower prices in Illinois.

It’s important that you understand Illinois insurance rates are calculated based on many things that control the price you pay. Things like having a birthday, moving across town, or getting a speeding ticket can trigger price changes that can make some companies much cheaper than others.

Best Insurance Companies for Teens

Click Here to Start Your Quote

The Hartford quotes some of the most affordable car insurance rates in Illinois at around $753 each year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance are also some of the cheapest Illinois insurance companies.

As depicted above, if you are a customer of Titan and switched to The Hartford, you could see an annual savings of approxmiately $107. Customers with Erie could save as much as $161 a year, and Cincinnati Insurance insureds might reduce prices by as much as $162 a year.

To see if you’re overpaying, click here to start your free quote or quote prices from the following companies.

Remember that these premiums are averaged across all drivers and vehicles in Illinois and do not take into consideration a rate surcharge for teenagers. So the company that has the cheapest rates for you may not even be shown in the list above. That helps illustrate why you need to get quotes using your own personalized driver profile and vehicle information.

For teen drivers, one of the largest things that help determine a rate quote is the neighborhood you call home in Illinois. Areas that are more densely populated or have higher claim rates like Cicero, Berwyn, and Oak Lawn tend to pay more, whereas more rural areas have the enjoyment of a little cheaper coverage.

The table below ranks the more expensive cities in Illinois for teenagers to buy auto insurance in.

Premium amounts are comparative as the vehicle garaging location can decrease or increase price quotes noticeably.

Cost and performance of the vehicle you are insuring is probably the biggest factor when quoting cheap auto insurance for teenagers in Illinois. Vehicles with high performance features, poor crash test ratings, or a high likelihood of having liability claims will cost more to insure than more modest models.

The tables below illustrates coverage rates for a selection of the most economical vehicles to insure.

Above prices assume single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in zip code location which can change price quotes considerably.

Data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in vehicle garaging location which can influence coverage prices significantly.

Cost estimates assume single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific Illinois garaging location which can affect price quotes substantially.

Selecting the right company can be rather challenging considering how many choices drivers have in Illinois. The ranking information displayed below can help you pick which car insurance providers to look at to insure your vehicles. These rankings are only comprised of companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Illinois are not included in these rankings.

Top 10 Major Auto Insurance Providers in Illinois Ranked by A.M. Best Rating

1. USAA – A++
2. GEICO – A++
3. Travelers – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Progressive – A+
7. Erie Insurance – A+
8. Mercury Insurance – A+
9. The Hartford – A+
10. Nationwide – A+

Progressive, Geico, Allstate, or State Farm: Who is cheapest?

When buying car insurance for teen drivers in Illinois, four companies to definitely compare rates with are Progressive, Geico, Allstate, and State Farm. When added together, they make up over 45% of all vehicles in the U.S.. All offer your standard physical damage and liability coverages, but each one has slightly different coverages and options that may influence which company you choose. The table below illustrates pricing and service ratings, plus some optional coverages offered by each one.

How to find low-cost car insurance for teenagers

The list below details some money-saving solutions that can help drivers buy low-cost coverage.

• Good credit can mean cheaper rates
• Raise your physical damage coverage deductibles
• Do not waste money insuring older vehicles for full coverage
• Do not file small claims
• Safe vehicles generally have lower rates
• Home or renters coverage can save on auto insurance
• Check for cheaper rates once a year

That last tip is extremely significant, as we emphasized in the prior article. Auto insurance rates in Illinois adjust often, so drivers shouldn’t hesitate to switch carriers if a better deal can be had.

Brand loyalty is great, but we do not recommend it if that stubbornness costs you a lot of money every month. Take a few minutes and shop around to find cheaper auto insurance for teenagers.

Cheapest insurance quotes for teen drivers

Drivers have a lot of ways to find lower-cost insurance in Illinois, but the most prevalent ways are through a captive (or exclusive) agent such as Allstate or Auto-Owners, a non-exclusive or independent agent, or from a direct company like Progressive or Geico.

You can use whichever method you prefer, but shoppers should understand the differences in how they provide rate quotes.

Independent insurance agencies write business for many companies and can get rate quotes from each one. These types of agents will get prices from more than one company, which may give you the best shot at cutting your rates. If the agent locates a cheaper price, an independent agent can move your coverage which prevents you from having to find a new agency.

Exclusive agencies are able to quote prices with a single company, two popular examples being an Auto-Owners or Allstate agent. These guys and gals cannot compare rates from other companies, so they have no alternatives for high prices.

The last way is buying direct, which means you forego local insurance agents and buy from a direct company like Geico or Esurance. Shopping direct is a good choice for families who have fewer assets and know how insurance works.

What is the best way for finding cheap auto insurance for teenagers in Illinois? The obvious answer would be buying from a direct car insurance company yields the cheapest rates since there is no need to pay agent commissions, but that does not always hold true. It would also be easy to say buying insurance from an independent agent results in the cheapest rates since they can quote with many companies, but that is not necessarily true either. And occasionally, exclusive agents have really good rates that are the lowest in Illinois.

Due to the large number of rating factors, the best method to ensure the lowest rates is to get quotes and compare. If you have the time, get quotes from all three types to have the best rate selection. For a list of companies with some of the cheapest Illinois insurance rates, click here to view.