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What's the average car insurance rate in Peoria?
The average cost of car insurance in Peoria, Illinois, is $1,283 per year. That's less expensive than the average across Illinois ($1,303) and cheaper than the national average of $1,548. Keep reading to learn more about how much you can expect to pay based on your marital status, age, credit score, and other common factors in Peoria.
AUTO INSURANCE COSTS: PEORIA VS. STATE AND US AVERAGES
|Peoria Average (yearly)||Illinois Average||United States Average|
One of the most important determinants of your car insurance rates is the insurance company you work with. For a typical driver, GEICO offers Peoria's most affordable premiums. See below the best options for affordable auto insurance in Peoria. Don't forget to get car insurance quotes based on your driving profile.
PEORIA AUTO INSURANCE RATES BY COMPANY
|Insurance Company||Average Rate (annual)|
Check out our guides for related information on how to find the best affordable auto insurance and which car insurance companies have the highest ratings.
The age group that pays the least for car insurance in Peoria are drivers in their 50s ($1,117 per year). Drivers in their 60s pay marginally higher rates — $1,141 per year.
Teenage drivers pay Peoria's most expensive insurance rates. When Peoria drivers hit their 20s, their insurance rates drop substantially. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Peoria is $2,927, the largest such difference between any two age brackets.
CAR INSURANCE RATES BY AGE TIER IN PEORIA
|Age bracket||Average Yearly Rate|
Marital status and gender can be contributors to car insurance rates, in some cases. In most places, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Peoria pay $125 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. In Peoria, insurance rates for those who are widowed are less expensive than rates for those who are single.
INSURANCE RATES IN PEORIA BY MARITAL STATUS AND GENDER
|Gender/Marital Status||Average Annual Rate|
No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates affordable. At-fault collisions, DWIs, citations for reckless driving, and speeding tickets each contribute to increases in car insurance rates. Insurance companies reward low-risk drivers with the gift of low rates.
Peoria drivers found guilty of reckless driving pay the price when it comes to auto insurance, facing a rate increase of $728 per year versus the city average. A ticket for speeding results in a $359 rate hike, on average, while a DUI violation costs $670 per year in insurance premiums.
PEORIA CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Incident/Violation||Average Yearly Rate|
|At-fault Accident (damages less than $1,000)||$1,842|
|At-fault Accident (damages greater than $2,000)||$2,038|
|Speeding Ticket (16-20 mph over speed limit)||$1,642|
Another major insurance rating factor is credit score. Drivers with bad credit histories typically face more expensive car insurance than do drivers with stellar credit. Peoria drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 58% on their car insurance premiums. Moving from "Very Poor" to "Fair" credit is a meaningful step toward saving money on auto insurance. In Peoria, improving your credit to "Fair" could help you earn a $990 decrease in yearly insurance premiums.
PEORIA AUTO INSURANCE RATES BY CREDIT LEVEL
|Credit Score||Average Annual Rate|
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.