For people who own their homes, one of the largest considerations that are looked at to determine car insurance rates is where you keep your vehicle. Areas with a lot of weather claims or more people likely pay more, whereas less populated areas can boast about having cheaper rates.
The table below lists the most costly cities in Illinois for homeowners to purchase a policy in. Chicago shows up at #2 costing $1,544 for car insurance, which is about $129 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Cicero | $1,573 |
| 2 | Chicago | $1,544 |
| 3 | Skokie | $1,447 |
| 4 | Berwyn | $1,406 |
| 5 | Evanston | $1,276 |
| 6 | Des Plaines | $1,274 |
| 7 | Oak Lawn | $1,243 |
| 8 | Mount Prospect | $1,217 |
| 9 | Waukegan | $1,176 |
| 10 | Orland Park | $1,173 |
| 11 | Joliet | $1,145 |
| 12 | Arlington Heights | $1,139 |
| 13 | Schaumburg | $1,135 |
| 14 | Tinley Park | $1,132 |
| 15 | Bolingbrook | $1,128 |
| 16 | Palatine | $1,121 |
| 17 | Elgin | $1,117 |
| 18 | Rockford | $1,107 |
| 19 | Peoria | $1,092 |
| 20 | Aurora | $1,075 |
| Find Cheaper Insurance Go | ||
Premium amounts are comparative as the specific area where the vehicle is garaged can alter insurance rates substantially.
The car, truck, or SUV you are seeking coverage for is probably the biggest factor that determines whether or not you find cheap insurance for homeowners. Vehicles with economical engines, good crash test ratings, or a low likelihood of having liability claims will cost less to insure than fast, unsafe models. The next table showcases coverage rates for a selection of the most affordable automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $2,031 |
| Honda CR-V LX 4WD | $2,224 |
| Ford Explorer XLT 4WD | $2,275 |
| Jeep Wrangler Sport 4WD 2-Dr | $2,291 |
| Ford F-150 XL Regular Cab 2WD | $2,400 |
| Toyota RAV4 4WD | $2,407 |
| GMC Sierra SL Extended Cab 2WD | $2,415 |
| Jeep Grand Cherokee Laredo 2WD | $2,407 |
| Dodge Grand Caravan Hero | $2,417 |
| Chevrolet Impala LT | $2,407 |
| Chevrolet Equinox LS 2WD | $2,412 |
| Ford Escape Limited 4WD | $2,481 |
| Ford Focus SES 4-Dr Sedan | $2,490 |
| Toyota Camry SE | $2,535 |
| Toyota Prius | $2,542 |
| Honda Odyssey EX | $2,580 |
| Toyota Tacoma 2WD | $2,590 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $2,580 |
| Volkswagen Jetta 2.0T Station Wagon | $2,619 |
| Ford Fusion S 4-Dr Sedan | $2,635 |
| Ford Edge SEL AWD | $2,651 |
| Chevrolet Malibu LT | $2,686 |
| Honda Civic LX 4-Dr Sedan | $2,725 |
| Compare Cheap Rates Go | |
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Information does not factor in Chicago, IL location which can influence premiums noticeably.
Based upon the rates shown, we can infer that makes and models like the Hyundai Elantra, Honda CR-V, and Ford Explorer are likely to be a few of the less-costly vehicles to insure for people who own their homes.
Comparing quotes for cheap car insurance is easier said than done, and figuring out which company quotes the lowest-priced car insurance rates for homeowners calls for even more perseverance. Every insurance company has a proprietary method to set policy rates, so we need to take a look at the lowest cost car insurance companies in Chicago, IL.
Cheapest Insurance Rates for Homeowners
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $776 |
| 2 | Rockford Mutual | $847 |
| 3 | Titan | $878 |
| 4 | Erie | $887 |
| 5 | Cincinnati Insurance | $915 |
| 6 | Travelers | $952 |
| 7 | Utica National | $955 |
| 8 | USAA | $959 |
| 9 | SECURA | $975 |
| 10 | State Farm | $1,012 |
| 11 | Auto-Owners | $1,022 |
| 12 | GEICO | $1,085 |
| 13 | Amica | $1,087 |
| 14 | Safeco | $1,095 |
| 15 | Farmers | $1,135 |
| 16 | MetLife | $1,207 |
| 17 | California Casualty | $1,209 |
| 18 | Esurance | $1,221 |
| 19 | State Auto | $1,236 |
| 20 | Progressive | $1,256 |
| Quote Your Rates Go | ||
The Hartford generally has some of the lowest car insurance rates in Chicago at around $776 annually. This is $573 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance would also make the list of some of the most economical Chicago, IL insurance companies.
As the rates illustrate above, if you buy coverage from Erie and switched to The Hartford, you might see an annual savings of in the vicinity of $111. Policyholders with Cincinnati Insurance might save as much as $139 a year, and Travelers insureds might lower prices by up to $176 a year.
To find cheaper insurance rates for your vehicle, click here to start your free quote or click through to the companies below.
Understand that those policy rates are averages across all drivers and vehicles in Illinois and and are not figured with an exact vehicle garaging location for homeowners. So the company that is best suited for you may not even be in the list above. That’s why you need to get car insurance quotes using your own driver and vehicle profiles.
Careless drivers pay higher rates
The easiest method to maintain low car insurance premiums for people who own their homes is to be an attentive driver and avoid accidents and violations. The chart below shows how speeding tickets and at-fault accidents can increase annual premium costs for different age groups. Data assumes a married female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,161. Factor in two speeding tickets and the average cost surges to $1,650, an increase of $489 each year. Then add two accidents along with the two speeding tickets and the yearly cost of car insurance for homeowners jumps again to an average of $3,385. That’s an increase of $2,224, or $185 per month, just for being a less-than-perfect driver!
Best car insurance in Illinois
Ending up with a high-quality auto insurance provider can be a challenge considering how many companies there are to choose from in Illinois. The rank data in the next section could help you pick which car insurance companies to look at purchasing from. These rankings are only made up of major nationwide insurance companies, so smaller regional companies will not be included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| Mercury Insurance | 87 | 95 | 87 | 84% | A+ | 88.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
How to find the cheapest car insurance for homeowners
The list below shows many money-saving ideas that can help drivers buy low-cost coverage.
- Remove physical damage coverage on older vehicles
- Higher deductibles save money
- The safer your car, the less it costs to insure
- Drivers with good credit ratings often pay less
- Keep your driving record clean
- Do not get into accidents
- Compare rates and switch if you can find a better deal
The last idea is particularly vital, as we stressed in the prior information. Auto insurance rates can change considerably based on profitability, so don’t be unwilling to buy from a different company if you find a better deal. Having brand loyalty is commendable, but it’s not a good idea if that faithfulness ends up costing you lots of hard earned cash every month. Spend a few minutes and shop around and find cheaper auto insurance for homeowners in Chicago.
The Chicago, IL, insurance agents below are willing to help you decide which coverages are best, since some drivers wish to have a consultation when comparing insurance rates for homeowners. It can be complicated to do it yourself, and insurance agents can provide peace of mind knowing your coverage gives you enough protection. To locate a Chicago car insurance agency closest to you, click the button at the bottom or click here to compare prices now.
Peter Grande – State Farm Insurance Agent
1535 W Division St – Chicago, IL 60642 – (773) 270-4600
Mark Yun – State Farm Insurance Agent
223 W Cermak Rd, Fl-2 – Chicago, IL 60616 – (312) 225-8311
Great Northern Insurance Agency
5632 S Pulaski Rd – Chicago, IL 60629 – (773) 838-3900