Peoria, IL Car Insurance

Compared to their surrounding area, how do rates in Peoria stack up? What about against the rest of Illinois? What can Peoria residents expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Peoria?

Looking at the chart above, you can see that the average monthly price is about the same in Peoria as it is in the rest of Illinois.

Likewise, car insurance rates in Peoria are more affordable than the national average. You can expect to pay about $33 less for your policy in Peoria than in the rest of United States.

These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly premium.

Don't worry, we've done the work for you and broken down average rates for Peoria to help you get a more accurate idea of what you'll be charged for your policy. If you're not certain that you're getting the cheapest rate for your area, just enter your ZIP Code below to find out!

Average Car Insurance Rates by Age

Generally, the older you are, the more experienced you are on the roads, right? It also makes sense that the more experienced of a driver you are, the safer you are. As you can see, 18-24-year-olds pay a lot more than someone who is retirement aged.

For every ten years older you get, you can expect to see a drop in your monthly premium. As you get closer to retirement age, however, you may see your rates rise again in Peoria.

Average Car Insurance Rates by Gender

In general, car insurance rates for women are usually cheaper than they are for men. In Peoria, although men do pay a little bit less on their monthly auto coverage, the cost is about the same for either group.

Average Auto Insurance Rates by Driving Record

Your rates can vary wildly depending on your driving record. Drivers with clean records will pay significantly lower rates than those with accidents or violations. The rate for drivers in Peoria with a single accident on their record is about $58 a month. Similarly, drivers with one ticket will typically pay around $64 on average.

Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.

Average Insurance Rates by Vehicle

In Peoria, the cheapest vehicles to insure are typically trucks and vans, with drivers paying around $44 per month for insurance coverage.

Car owners can expect to pay an average of around $50 a month for their policy, while SUVs usually cost around $45 a month to insure.

Vehicle age also plays a role in your monthly payment. Generally, newer vehicles are going to be the most expensive to insure. However, if your car is a few years old, you can expect to see your rates start dropping back down. In Peoria, vehicles four-to-five years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Overall, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.

The difference in rates based on relationship status in Peoria can be as much as $12 a month, so it's worth keeping that in mind.

Average Car Insurance Rates by Housing Situation

Another factor taken into consideration is your housing situation. Renters can expect to pay around $11 a month more than homeowners in Peoria. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Peoria, IL

Recent trends in car insurance for Peoria drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when choosing your car insurance policy.

The cost of auto insurance coverage in Peoria rose from 2020-2021, before steadying out in 2022. Car insurance rates finished down in 2022, at $37 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 a lot of factors when they're choosing how much to charge for a policy. Your insurance policy will depend largely on where you live and will be influenced by things such as:

• Amount of drivers in the community
• Off-street parking availability
• Rate of crime
• Area regulations
• Frequency of car accidents

Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.

How can I find the cheapest car insurance in Peoria?

Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

But wait! Compare.com has you covered. Put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies providing auto coverage in Peoria in no time.

Peoria Insurance FAQs

What factors affect car insurance quotes in Peoria?

Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your vehicle's year, make and model, as well as your driving record, credit score, address, and marital status.

Why is the cost of car insurance in Peoria different from other neighboring cities?

Auto insurance companies consider regional factors, such as parking situations, crime rates, and local laws 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 Peoria?

There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.

Do I need to change my insurance if I move to Peoria?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

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 time, regardless of how long is left on your current policy. So, if you've recently moved to Peoria or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.