For young women, one of the more important considerations that are looked at to determine the annual cost of car insurance is where you keep your car. More populated areas tend to pay more, whereas areas with less congestion get the luxury of paying less.
The illustration below shows the most expensive cities in Illinois for 20 year old women to buy car insurance in. Chicago ranks #2 costing $1,484 for the average policyholder, which is about $124 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Cicero | $1,588 |
| 2 | Chicago | $1,484 |
| 3 | Berwyn | $1,421 |
| 4 | Skokie | $1,391 |
| 5 | Des Plaines | $1,286 |
| 6 | Oak Lawn | $1,269 |
| 7 | Evanston | $1,226 |
| 8 | Orland Park | $1,184 |
| 9 | Mount Prospect | $1,181 |
| 10 | Waukegan | $1,176 |
| 11 | Joliet | $1,169 |
| 12 | Tinley Park | $1,166 |
| 13 | Schaumburg | $1,157 |
| 14 | Bolingbrook | $1,150 |
| 15 | Palatine | $1,143 |
| 16 | Rockford | $1,141 |
| 17 | Arlington Heights | $1,128 |
| 18 | Elgin | $1,117 |
| 19 | Decatur | $1,055 |
| 20 | Aurora | $1,053 |
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Annual rates are approximated as specific Chicago garaging address can modify premium rates substantially.
The type of vehicle on the policy is probably the largest consideration when comparing quotes for low-cost car insurance for 20 year old women. Vehicles with average performance, good safety features, or a track record of few liability claims will cost much less to insure than high performance models. The next list shows car insurance premiums for a handful of the most budget-friendly vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $4,241 |
| Ford Escape XLT 2WD | $4,251 |
| Honda CR-V EX-L 4WD | $4,304 |
| Toyota Prius | $4,638 |
| Chevrolet Silverado LS Regular Cab 4WD | $4,698 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $4,761 |
| Ford Explorer XLT 2WD | $4,767 |
| Honda Civic DX 4-Dr Sedan | $4,969 |
| Ford Edge Limited 2WD | $4,974 |
| Dodge Grand Caravan Hero | $5,032 |
| Ford Fusion S 4-Dr Sedan | $5,038 |
| Chevrolet Equinox LT 2WD | $5,032 |
| Toyota RAV4 Sport 2WD | $5,038 |
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Prices based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in zip code location which can modify price quotes noticeably.
Looking at the numbers, you can conclude that cars like the Honda Accord, Ford Escape, and Honda CR-V are the more affordable vehicles to insure for young women. The cost of auto insurance will tend to be more expensive anyway just due to the fact that there is more exposure for 20 year old women, but overall those makes and models will have the cheapest auto insurance rates available.
Discounts on Chicago insurance
Car insurance companies that provide policies for 20 year old women may provide discounts that could reduce prices by as much as 40% or more if you meet the requirements. A few popular companies and some of their more popular discounts are included below.
- State Farm may have discounts that include multiple autos, Steer Clear safe driver discount, accident-free, multiple policy, safe vehicle, driver’s education, and good student.
- American Family may include discounts for bundled insurance, multi-vehicle, early bird, good student, and Steer into Savings.
- AAA offers premium reductions for anti-theft, good student, education and occupation, multi-policy, good driver, pay-in-full, and AAA membership discount.
- GEICO policyholders can earn discounts including anti-theft, membership and employees, emergency military deployment, five-year accident-free, and federal employee.
- Mercury Insurance may offer discounts for type of vehicle, professional/association, multi-car, multi-policy, accident-free, and location of vehicle.
- Farmers Insurance offers discounts for bundle discounts, teen driver, distant student, business and professional, alternative fuel, good student, and electronic funds transfer.
- Progressive includes discounts for homeowner, good student, multi-vehicle, continuous coverage, online quote discount, multi-policy, and online signing.
The information below illustrates the comparison of premium costs with and without discounts applied to the policy rates. Data assumes a male driver, no claims or 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 bar shows the rates with anti-theft, continuous coverage, passive restraint, paperless filing, paid-in-full, and vehicle safety discounts applied. When these discounts are applied, the average amount saved each year on car insurance for 20 year old women is 18% or $302.
Bad driving habits will cost you more
The easiest method to get the most affordable car insurance rates for young women is to drive carefully and avoid getting tickets or having accidents. The example below highlights how speeding tickets and fender-benders raise yearly insurance costs for each age group. The price estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
In the previous example, the average cost of an auto insurance policy in Chicago per year with no accidents and a clean driving record is $1,522. Receive two speeding tickets and the average cost swells to $2,018, an increase of $496 each year. Then include one accident along with the two speeding tickets and the 12-month cost of car insurance for 20 year old women goes up to an average of $2,513. That’s an increase of $992, or $83 per month, just for being a careless driver!
Full coverage versus liability-only in Chicago
Finding cheaper car insurance should be important to most drivers, and one easy way to find cheaper insurance for 20 year old women is to not buy full coverage. The information below visualizes the comparison of car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no discounts are applied.
As an average, full coverage costs $1,193 per year over having just liability coverage. Many drivers will wonder if you should buy full coverage at all. There is no clear-cut formula to stop buying physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after paying the physical damage deductible. If it’s costing in excess of $400 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.
If you would rather have a consultation when comparing insurance rates for 20 year old women, the insurance agencies listed below can most likely aid you in deciding which policy fits your needs best.
To locate a Chicago car insurance agency closest to you, click the link at the bottom or click here to compare rates now.
- Serpe Insurance Agency
2538 N Lincoln Ave – Chicago, IL 60614 – (773) 871-0808 - Roni Siegel – State Farm Insurance Agent
860 N Clark St – Chicago, IL 60610 – (312) 751-0500 - Amigo Insurance Agency
5902 W Fullerton Ave – Chicago, IL 60639 – (877) 999-2644
More Chicago, IL insurance agents
How to find more affordable auto insurance for 20 year old women
Lowering your rates is not difficult, and here are a few penny-pinching suggestions that can help Illinois drivers find cheaper coverage.
- Buy vehicles with five-star safety ratings
- Increase deductibles to save money
- Having at-fault accidents will increase rates
- Avoid getting citations and tickets
- Clean up your credit
- Compare prices frequently to find the best deal
The last idea is remarkably critical, as was noted in this piece. Prices in Chicago fluctuate constantly, so don’t be tentative to buy from a new company if a better rate can be found.
We understand brand loyalty, but it’s not a good idea if that loyalty ends up costing several hundred dollars every year. In just a couple of minutes you could compare rates to find cheaper car insurance for 20 year old women.