Cheapest Car Insurance Quotes for Seniors in Illinois

It’s hard to miss the commercials from insurers like GEICO, Nationwide, and Allstate promising big savings. So you should just pick the one with the catchiest commercial, right?

Unfortunately, it’s not that simple as there are a whole slew of unknown aspects like how you use your vehicle, if you had any at-fault accidents in the last few years, and what liability limits you need, that all influence how much you pay for auto insurance. This article delves into the best ways to maintain low rates and should give you a good start in finding the cheapest car insurance in Illinois.

Cost and performance of the vehicle that needs insurance is one of the largest factors when comparison shopping for the cheapest car insurance for seniors in Illinois. Vehicles with reasonable performance levels, good safety features, or low incidents of liability claims will cost less to insure than adrenaline junky models. The tables below features car insurance costs for a handful of the cheaper automobiles to insure in Illinois.

Above prices assume married female driver age 60, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in vehicle location which can revise coverage prices greatly.

Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in Illinois location which can alter coverage rates substantially.

Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium amounts do not factor in Illinois location which can change premiums significantly.

Deciding which company quotes the best car insurance rates for seniors will require more time in order to find the best policy. Each auto insurer has a proprietary method to set premium rates, so we need to take a look at the car insurance companies with the overall best prices in Illinois.

Keep in mind that Illinois car insurance rates are based on many factors that can increase the price you have to pay. Simply getting older, buying a new vehicle, or getting a couple of tickets may cause policy rate changes that can now make some companies more affordable than competitors.

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The Hartford offers some of the best car insurance rates in Illinois at around $776 a year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also are some of the most economical Illinois car insurance companies.

As depicted above, if you are a customer of Erie and switched to The Hartford, you could see a yearly savings of approxmiately $129. Customers with Cincinnati Insurance could save as much as $148 a year, and Utica National customers might reduce rates by $170 a year.

These policy prices are averages across all types of insureds and vehicles and are not factoring in a price decrease for seniors. So the auto insurance company that is best for you may not even be featured in the company chart above. That underscores the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.

One of the more important things that is used to help calculate auto insurance rates is your address in Illinois. Areas with increased crime or more people like Cicero, Berwyn, and Evanston tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.

The next table displays the higher priced cities in Illinois for seniors to purchase a policy in.

Information shown are approximated as the specific area where the vehicle is garaged can affect premium rates substantially.

Discounts on Illinois car insurance rates

Auto insurance companies that provide the cheapest car insurance for seniors in Illinois could also offer premium discounts that may potentially lower prices by as much as 35% or more if you can meet the requirements. Companies and some of their more popular discounts can be read below.

The chart below visualizes the comparison of annual premium costs with and without discounts applied to the policy rates. The costs are based on a female driver, no accidents, no driving violations, Illinois state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple vehicle, anti-theft, safe-driver, claim-free, multiple policy, and passive restraint discounts applied. In this example, the the amount saved on car insurance for seniors is 37% or $686.

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Progressive, Geico, State Farm, or Allstate: Which is best?

When it comes to buying auto insurance for senior citizens in Illinois, the top insurers to get price quotes from are Progressive, Geico, State Farm, and Allstate. Between them, they insure almost 50% of all car insurance policies written. The table below shows some of the different options and features you can expect with each one.

Find the cheapest car insurance for seniors in Illinois

Here are some of the recommended thrifty suggestions that can help you buy the cheapest coverage.

• Violations like speeding or DUI increase rates
• At-fault accidents can raise rates significantly
• Safe vehicles generally have lower rates
• Discounts for being claim-free can be substantial
• Buying car and homeowners insurance together can save money
• Shop around and save

The last suggestion is particularly crucial, as was discussed in this write-up. Prices charged by car insurance companies can change significantly in a year, so don’t be hesitant to switch carriers if you find a better deal. Many consumers stick with the same company and that’s fine, but is isn’t recommended if your bullheadedness ends up costing you thousands of dollars over the life of your policy. It only takes a couple minutes to shop around and find cheaper auto insurance for seniors.

Best cheap insurance quotes for senior citizens

There are many different ways to shop for and buy car insurance in Illinois, but the three most common ways are through an independent insurance agent, an exlusive agent such as Liberty Mutual or State Farm, or buying direct from a company like Progressive or Geico. Each way is similar, but car insurance buyers need to understand the differences in how they work.

Independent insurance agents write business for many companies and can compare coverage rates with each one. These types of agencies can sell policies from many different companies and can quote rates with many companies, which may give you the best shot at cutting your rates. If you want to switch companies, the agent simply finds a different carrier which prevents you from having to find an new insurance agent.

An exlusive, or captive, agency is only able to quote rates from one insurance company, examples being Allstate or Farmers Insurance agents. These agents normally cannot provide prices from multiple companies, so it’s a good idea to get additional price quotes.

Choosing to buy car insurance direct means you skip local agents and buy from a direct company like Geico or Esurance. Buying direct may be the best choice consumers who do not need advice for asset protection and have a decent understanding of the limitations of their policy.

So out of those three methods, which one works best to find the cheapest car insurance for seniors in Illinois? Most people assume that shopping direct saves the most money since there isn’t an agent involved, but that is not always the case. An argument could also be made that buying car insurance from an independent agent is the best way to go since they can quote with many companies, but that assumption is not true either. For the right applicant, exclusive agencies have extremely competitive rates that independents and direct companies can’t touch.

Because there is so much variation in car insurance prices, the guaranteed way to ensure you are not overpaying is to compare lots of quotes. It’s a good idea to get rate quotes from independent agents, exclusive agents, and direct companies in order to have enough rates to compare. For a list of companies with some of the cheapest Illinois car insurance rates, click here to view.