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How much is car insurance in Schaumburg?
|Area||Average Monthly Car Insurance Premium|
The cost of coverage in Schaumburg is about $6 a month cheaper than it is for the rest of Illinois.
Drivers relocating from out of state may enjoy some cost savings in Schaumburg. You can expect to pay about $36 less for your policy in Schaumburg than in the rest of U.S.
Keep in mind that while these are the average car insurance rates for Schaumburg, it isn't guaranteed that it's what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay to get car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.
We've done the heavy lifting for you and broken down the average rate for Schaumburg so that you can get a more accurate idea of what your monthly bill might be. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The longer you've been behind the wheel, 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 twice as much as someone who is at retirement age.
Every ten years or so you can expect to see a decline in your monthly premium. Drivers in Schaumburg may see their rates start to rise again once they hit retirement.
Average Car Insurance Rates by Gender
Despite the national trend of women paying less than men to insure their car, in Schaumburg men actually pay $42 per month for coverage while women pay $46.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions. The rate for drivers in Schaumburg with a single accident on their record is about $56 a month. Likewise, drivers with one ticket will be looking at a rate of around $65 a month on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$41|
|15 Years or Older||$51|
In Schaumburg, the cheapest vehicles to insure are by and large SUVs, with drivers paying around $40 per month for insurance coverage.
Car owners will see rates of about $44, while truck and van owners usually pay around $42 a month.
Depending on the age of your vehicle, you can also expect to see slightly different rates. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is close to 5 years old, you might start to see your rates slide back down slightly. In Schaumburg, vehicles fifteen years and older are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$47|
More often than not, married policyholders will pay slightly less for car insurance. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.
The difference in rates based on relationship status in Schaumburg is about $10 a month, with married couples paying less for coverage than single drivers.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$60|
Your living situation is another component of how insurance companies calculate your monthly rate. Homeowners in Schaumburg can expect to pay around $11 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your car insurance premiums, depending on your insurance company.
Car Insurance Companies in Schaumburg, IL
Recent trends in car insurance for Schaumburg 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 deciding when and where to shop.
The cost of insurance in Schaumburg increased from 2016-2019, before leveling out in 2020. Policy premiums finished up in 2021, at $48 per month
How does Schaumburg compare to neighboring areas?
Why are car insurance rates in Schaumburg different from other areas?
There are a lot of factors car insurance companies will consider when figuring out how much to charge for a monthly rate. While we've discussed the ones that affect your personal policy, others are based around where you call home. These include things like:
- Off-street parking availability
- Crime levels
- Number of drivers in the community
- Road Safety (total number of local car accidents)
Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. Knowing 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 particular neighborhood.
How can I find the cheapest car insurance in Schaumburg?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Just punch in your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from a number of the car insurance companies that offer policies in Schaumburg.
Schaumburg Insurance FAQs
What factors affect car insurance quotes in Schaumburg?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your driving record, address, credit score, marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Schaumburg different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, local laws, and parking situations -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Schaumburg?
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 Schaumburg?
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 point, no matter how much time is left on your current policy. If you're thinking about moving to Schaumburg 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.