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How much is car insurance in Chicago?
|Area||Average Monthly Car Insurance Premium|
Based on the chart above, you can see that the costs for coverage in Chicago are in line with rates across the rest of Illinois.
If you're thinking of moving to Chicago from out of state, you may still be in luck. On average, it's about $28 less to insure your vehicle in Chicago than it is in the rest of the U.S.
While these are the average car insurance rates for Chicago, keep in mind that you could end up paying a different amount. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the final amount you'll be charged for coverage each month.
We've analyzed the average rate for Chicago and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
The longer you've been on the road, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to auto insurance bills. In this case, 18-24-year-olds pay one and a half times as much as someone who is at retirement age.
For every 10 years, you can expect to see a decrease in your monthly premium. Once you hit retirement, however, your rates may begin to creep back up a bit.
Average Car Insurance Rates by Gender
Car insurance rates for female drivers are usually cheaper than those for male drivers. While female drivers pay a little bit less than male drivers on their monthly insurance rates, the difference is only about $2 a month in Chicago.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. A clean driving record will obviously get you a lower rate than one with accidents or infractions. In Chicago, having a single accident on your record will usually get you rates around $60 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $69.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$51|
|15 Years or Older||$52|
In terms of affordable coverage, the cheapest vehicles to insure in Chicago are usually trucks and vans.
Car owners can expect to pay an average of around $52 a month for their policy, while drivers with SUVs will usually see rates around $49 to insure each month.
On the other hand, truck and van drivers typically pay around $48.
The age of your vehicle also plays a role in your monthly payment. Overall, newer vehicles are going to cost the most to insure. However, your rates may start to drop back down once your car is more than 5 years old. In Chicago, for example, the most expensive vehicles to insure are vehicles two-to-three years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$54|
Generally speaking, car insurance is slightly cheaper for married policy-holders. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.
In Chicago, that difference usually equates to about $12 a month, so it's worth keeping in mind as you shop for policies.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$72|
Your living situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $4 a month more than if you own your own home in Chicago. Those who live with their parents, however, can expect to pay a lot more.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance costs.
Car Insurance Companies in Chicago, IL
Recent trends in car insurance for Chicago drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before shopping for coverage.
In Chicago, the rates for auto insurance had been increasing from 2016-2019, when they reached a high of $55. Insurance rates began to decrease in 2020, and this trend has continued through 2021, when rates have most recently hit $49.
How does Chicago compare to neighboring areas?
Why are car insurance rates in Chicago different from other areas?
When considering how much to charge for an insurance policy, car insurance companies will evaluate many factors. While we already talked about the ones that affect your personal policy, others are based around where you live and drive. These include things like:
- Road Safety (how many accidents each locality has)
- Crime rates
- Area regulations
- Number of drivers in the area
- Access to off-street parking
A decent level of familiarity with these factors can be helpful when you're ready to purchase of a new policy or thinking about making a move. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Chicago?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But wait! Compare.com does all of that work for you. Just punch in your ZIP code below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering policies in Chicago.
Chicago Insurance FAQs
What factors affect car insurance quotes in Chicago?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your age and gender, but also factors like your driving record, credit score, address and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Chicago different from other neighboring cities?
Auto insurance companies consider regional factors, such as local laws, crime rates, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.
Which car insurance company will offer me the cheapest rate in Chicago?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Chicago?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Chicago or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?