Cheapest Car Insurance for Good Students in Illinois

It’s hard to avoid all the captivating ads from auto insurance companies like Progressive, GEICO, and Nationwide guaranteeing the cheapest price, so you should just pick the one with the catchiest commercial, right?

Regrettably, it’s not quite that easy, as there are many unknown aspects like the insurance company you are currently insured with, if you are insuring for full coverage or just liability only, and the amount of liability coverage you need. Car insurance is kind of a dry topic, but this article will explain the different scenarios that increase car insurance cost and should give you a good start to your coverage search.

Figuring out which companies have the cheapest auto insurance rates for good students will require more work in order to find coverage that fits your buget.

Every auto insurer has a unique approach for determining prices, so we will examine the auto insurance companies with the overall cheapest rates in Illinois.

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The Hartford quotes some of the cheapest car insurance rates in Illinois at around $746 a year. Rockford Mutual, Erie, Titan, and Cincinnati Insurance also rank well as some of the most economical Illinois auto insurance companies.

As the rates illustrate above, if you are a customer of Erie and switched to The Hartford, you might achieve savings of around $132. Drivers with Titan could save as much as $132 a year, and Cincinnati Insurance policyholders might lower prices by $169 a year.

Be aware that those premium estimates are averages for all ages of drivers and types of vehicles and and are not calculated with a rate decrease for good students. So the car insurance company that has the cheapest price for you may not even be featured in the above list. That is why you need to get rate quotes using your own driver information and specific vehicle type.

When shopping for cheaper car insurance for student drivers, one of the many components that car insurance companies use when figuring the annual cost of car insurance is the neighborhood you call home. Densely populated urban areas like Cicero, Skokie, and Oak Lawn are more likely to have higher rates, whereas areas that tend to be more rural have the gratification of the cheapest car insurance for good students in Illinois.

The information below displays the highest-priced areas in Illinois for good students to purchase a policy in.

Rate information is approximated as zip code location can change premium rates substantially.

Does it make sense to buy full coverage?

Finding the cheapest car insurance for good students in Illinois is important to most vehicle owners, and one of the easiest ways to find cheaper insurance is to not buy full coverage. The chart below visualizes the comparison of car insurance costs with and without physical damage coverage. Data assumes no claims or violations, $100 deductibles, single marital status, and no discounts are applied to the premium.

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On average, comp and collision coverage costs an additional $1,502 per year more than buying just liability insurance. That is a large expense and it proposes the question if buying full coverage is worth the money. There is no definitive guideline to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

Picking the right car insurance company is hard considering how many choices you have in Illinois. The ranking data below may help you analyze which car insurance companies to look at when comparing rate quotes. The ratings below include the largest companies in the United States, so companies that only write business in Illinois or surrounding areas will not be included in this list.

Top 10 Large Auto Insurance Companies in Illinois Ranked by Customer Satisfaction

1. USAA – 92%
2. 21st Century – 88%
3. Erie Insurance – 88%
4. Nationwide – 88%
5. American Family – 88%
6. State Farm – 88%
7. Progressive – 87%
8. Liberty Mutual – 87%
9. AAA Insurance – 87%
10. The Hartford – 87%

Top 10 Large Auto Insurance Companies in Illinois Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Erie Insurance
5. State Farm
6. Liberty Mutual
7. Safeco Insurance
8. Allstate
9. 21st Century
10. Titan Insurance

Tips for buying cheaper car insurance for good students

Here are some of the recommended thrifty suggestions that can help Illinois drivers locate cheaper car insurance.

• Do not get tickets
• Lower rates by purchasing a safer vehicle
• Increase your deductibles
• Clean up your credit rating
• Prevent price hikes by avoiding at-fault accidents
• Compare price quotes at least once a year

The last tip is very significant, as was affirmed in the prior article. Coverage rates can be modified anytime, so drivers shouldn’t be resistant to buy from a new company if you can find a cheaper rate.

Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that devotedness results in you overpaying thousands of dollars over the life of your policy. If you have a few minutes, now is a great time to shop around to find cheaper car insurance for good students.