Streamwood, IL Car Insurance

Drivers in Streamwood pay around $54 a month for their car insurance. To learn more about car insurance rates in the Streamwood area, read our guide below.
What rates can residents of Streamwood expect to pay for their car insurance? Compared to their surrounding area, how do rates in Streamwood stack up? What about against the rest of Illinois? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Streamwood?

Area Average Monthly Car Insurance Premium
Streamwood$54
IL$49
United States$81

Based on the information in the chart above, you can see that on average, it's about $5 a month more expensive to insure your vehicle in Streamwood than it is in the rest of Illinois.

Drivers relocating from out of state may enjoy some cost savings in Streamwood. It's about $27 cheaper than the national average to insure your vehicle in Streamwood.

Although these are the average rates for auto insurance in Streamwood, that doesn't mean it's exactly what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

We've broken down the average rates for Streamwood to help you understand what exactly you might be asked to pay. And if you're not certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$89
25-34$42
35-44$35
45-54$41
55-64$39
65+$34

It's pretty safe to assume that the older you are, the longer you've been driving, right? When it comes to your monthly premium, that experience can really pay off. As you can see, 18-24-year-olds pay two times as much as someone who is retirement aged.

You can expect to see a decrease in your monthly premium drop about once a decade or so. As you get closer to retirement, however, you may see your rates climb back up a bit in Streamwood.

Average Car Insurance Rates by Gender

Gender Average
Male$62
Female$43

Female drivers pay, on average, slightly less than their male counterparts. In Streamwood, the difference is around $19 a month. As you can see in the table above, female drivers in the area typically pay $43 on average, while female drivers typically pay $62 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$50
Multiple Accidents$51
1 Ticket$79
Multiple Tickets$53

Rates can vary wildly depending on your driving record. Those with clean records will see the most affordable rates, whereas even a single accident or infraction can cost you. In Streamwood, a driving record with a single accident will usually get you a rate around $50 a month. Likewise, drivers with one ticket will be looking at a rate of around $79 a month on average.

Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$45
2-3 Years$53
4-5 Years$51
6-7 Years$42
8-10 Years$48
11-14 Years$64
15 Years or Older$53

If you look at the first table above, you'll see that SUVs are by and large the cheapest vehicles to insure in Streamwood, with drivers paying around $38 per month for auto insurance coverage.

Truck and van drivers will see rates of about $40, while the rates for car owners average out to about $60 per month.

Your vehicle's age has an impact on the cost of your policy as well. Generally, newer vehicles are going to cost the most to insure. Once your car is close to 5 years old, however, you may see your bill start to shrink a bit. In Streamwood, the most expensive vehicles to insure are vehicles eleven-to-fourteen years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$57
Married$43
Divorced$42
Widowed$28

More often than not, married policyholders will pay slightly less for auto insurance coverage. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.

At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Streamwood as well, where the difference is around $14 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$42
Rent$46
Live with parents$94

One other element taken into consideration is your housing situation. In Streamwood, homeowners can expect to pay around $4 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.

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 Streamwood, IL

Recent trends in car insurance for Streamwood drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before picking an insurance policy.

In Streamwood, car insurance rates rose from 2017-2019, when they reached a high of $73. This trend leveled out in 2020, when they began to decrease, and have continued on that path through the present -- when insurance rates hit a low of $27 a month.

How does Streamwood compare to neighboring areas?

Why are car insurance rates in Streamwood different from other areas?

Car insurance companies take in a number of factors when figuring out how much individual insurance policies will cost. While we've discussed the ones that affect your personal policy, others are based around where you park your car. These include things like:

  • Area regulations
  • Crime
  • Amount of drivers
  • Frequency of car accidents
  • Off-street parking availability

You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. 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 Streamwood?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

Luckily, Compare.com does all of that work for you. Just type in your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering coverage in Streamwood.

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Streamwood Insurance FAQs

What factors affect car insurance quotes in Streamwood?

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, 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 Streamwood different from other neighboring cities?

Things like parking situations, crime rates, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

Which car insurance company will offer me the cheapest rate in Streamwood?

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 Streamwood?

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 Streamwood 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.

Find your best rate in just a few minutes