Table of contents
How much is car insurance in Peoria?
| Area | Average Monthly Car Insurance Premium |
|---|---|
| Peoria | $49 |
| IL | $50 |
| United States | $80 |
According to the chart above, the rates you'll pay for coverage in Peoria are about the same as what you would pay anywhere else in Illinois.
Similarly, car insurance rates in Peoria are often favorable when viewed against the rest of the country. The average monthly payment in Peoria is about $31 less than the rate for the rest of the U.S.
Bear in mind that while these rates are the average costs for Peoria drivers, it doesn't mean that's what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The bill you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
We've analyzed the average rate for Peoria and broken down the different factors to help you understand what your policy's monthly premium will be. To find out if you're getting the cheapest rate, just enter your ZIP below and find out in minutes!
Average Car Insurance Rates by Age
| Age Range | Average Premium |
|---|---|
| Under 18 | Not Enough Data |
| 18-24 | $79 |
| 25-34 | $43 |
| 35-44 | $41 |
| 45-54 | $42 |
| 55-64 | $35 |
| 65+ | $39 |
The older you are, the more experience you're likely to have on the roads, right? That experience can really work in your favor when it comes to auto insurance. As you can see, 18-24-year-olds pay twice as much as drivers of retirement age.
You can expect to see your monthly premium drop every 10 years or so. You may see your rates begin to increase again once you hit retirement in Peoria.
Average Car Insurance Rates by Gender
| Gender | Average |
|---|---|
| Male | $47 |
| Female | $50 |
In general, female drivers pay less for car insurance than their male counterparts. While this isn't true in Peoria, the difference in monthly rates is minimal.
Average Auto Insurance Rates by Driving Record
| Infractions | Average Monthly Premium |
|---|---|
| 1 Accident | $58 |
| Multiple Accidents | $53 |
| 1 Ticket | $78 |
| Multiple Tickets | Not Enough Data |
Depending on your driving record, your rates can vary wildly. Drivers with clean records will pay significantly lower rates than those with accidents or violations. Drivers in Peoria with a single accident will pay around $58 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $78.
Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.
Average Insurance Rates by Vehicle
| Vehicle Age | Average Monthly Premium |
|---|---|
| Less Than 1 Year | $42 |
| 2-3 Years | $54 |
| 4-5 Years | $59 |
| 6-7 Years | $40 |
| 8-10 Years | $47 |
| 11-14 Years | $50 |
| 15 Years or Older | $49 |
As you can see in the first table above, the cheapest vehicles to insure in Peoria are by and large SUVs, which run about $44 per month.
Truck and van drivers will see rates of about $45 for insurance coverage, while car owners typically pay around $50 a month.
Your rates can also vary depending on the age of your vehicle. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to decrease if your car is close to 5 years old. The most expensive vehicles to insure in Peoria are vehicles four-to-five years old.
Average Car Insurance Rates by Relationship Status
| Relationship | Average Monthly Premium |
|---|---|
| Single (never married) | $51 |
| Married | $40 |
| Divorced | $40 |
| Widowed | $51 |
Overall, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.
In Peoria, the difference in rates based on relationship status can be as much as $11 a month.
Average Car Insurance Rates by Housing Situation
| Housing Status | Average Monthly Premium |
|---|---|
| Own | $38 |
| Rent | $50 |
| Live with parents | $67 |
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 $12 a month more than those who own their own home in Peoria. But if you live with your parents, your rates will be significantly higher.
That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.
Car Insurance Companies in Peoria, IL
Recent trends in car insurance for Peoria drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance policy.
In Peoria, the rates for auto insurance went up from 2016-2017, before leveling out in 2018. Car insurance rates finished down in 2021, at $46 per month
How does Peoria compare to neighboring areas?
Why are car insurance rates in Peoria different from other areas?
Car insurance companies will take into account numerous factors when they're figuring out how much to charge for a policy. Many factors affecting your policy are based around where you live and drive. These factors include things like:
- Amount of off-street parking
- Total number of drivers in the area
- Rate of crime
- Laws
- Road Safety (how many accidents each locality has)
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Each area will have different rates. Guides like these are a wonderful place to get started.
How can I find the cheapest car insurance in Peoria?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
But hold on! Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions related to the factors we outlined above, and you'll be comparing the cheapest quotes from a number of the car insurance companies providing auto coverage in Peoria.
Peoria Insurance FAQs
What factors affect car insurance quotes in Peoria?
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 vehicle's year, make and model, plus your address, credit score, marital status, and driving record.
Why is the cost of car insurance in Peoria different from other neighboring cities?
Crime rates, local laws, and parking situations -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Peoria?
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 Peoria?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Peoria or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.