What's the Average Cost of Car Insurance in Chicago?
There are a lot of great ways to get around Chicago. These include hopping on a bike, catching a bus, or boarding one of the city's famous "L" trains. However, many people still choose to traverse the city from behind the wheel of their own car. This requires the driver to have the proper insurance coverage in order to stay on the right side of the law. Even though premiums in Chicago are $396 higher than the state average, driving without insurance simply isn't an option as you are, at the very least, required to carry basic liability coverage.
Finding cheap car insurance in Chicago can be a challenge. If you don't want to pay too much to insure your vehicle, it is vital to shop around. There are a number of issues specific to Chicago that can influence what you will pay, including what part of town that you live in and what car you drive. Let's take a look at how Chicago car insurance costs compares to rates nationwide.
INSURANCE PREMIUMS: CHICAGO VS. NATIONAL/STATE MEAN
|City Average||State Average||National Average|
Chicago Auto Insurance Premiums by Age Bracket
With typical car insurance payments of $6,087, teenage drivers have the biggest premiums of any age group. The largest decrease in premiums for Chicago drivers happens when they reach their 20s. Once out of the teenage age bracket, they reduce their premiums by $4,696. The first time drivers can anticipate their age to trigger an increase in insurance rates is when they turn 60. Among all age groups, drivers in their 50s have the smallest rates, with rates of $1,391. However, people in their 60s ($1,423) aren’t paying much more.
CHICAGO AUTO INSURANCE PRICES BY AGE
Chicago Auto Insurance for High-Risk Drivers
Having a clean driving record is key if you want to keep your premiums minimal. When you start looking for an insurance policy, you can certainly expect that the insurance company will comb through your driving history. If it is riddled with blemishes, brushes with the law, or even periods where you were uninsured, you are likely to see a hike in your rates. Some of the following infractions illustrate just how much your driving record can impact the cost of keeping your car insured.
In Chicago, drivers with a DUI have rates $865 higher than the city average of $1,596. Reckless driving will also push your rates up, with average rates of $2,458, which are 54% higher than the city average! The value of the damage caused by a car accident also plays a part in how significantly insurance rates will increase. Compared to an at-fault accident with damages less than $1,000, an accident with damages exceeding $2,000 will cost you an additional 8% per year in premiums.
AVERAGE CHICAGO INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Violation/Incident||Average Insurance Rate|
|At-fault Accident (damages less than $1,000)||$2,369|
|At-fault Accident (damages greater than $2,000)||$2,550|
|Speeding Ticket (16-20 mph over speed limit)||$2,025|
Chicago Car Insurance by Gender and Marital Status
Car insurance premiums in Chicago vary depending on your marital status as well as gender. Generally, males have premiums that are 2% more pricey than those for females. Did you know that in your city marital status can substantially change your premiums? Being married can save you approximately 10% per year compared to being single. Rates for those who are divorced or widowed are marginally cheaper than rates for those who are single.
CHICAGO CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Chicago Auto Insurance by Credit Level
Improving your credit can save you a good chunk of money. Because insurance companies have seen a statistical correlation between your credit score and the likelihood of you making a claim, those with lower scores often pay quite a bit more than those whose scores are in the upper tier. Those in the bottom credit tier (300-579) usually pay 2.4x more for car insurance than those in the top credit tier (800-850). Drivers can save around $1,320 per year when they raise their credit tier from Very Poor (300-579) to Fair (580-669).
CHICAGO CAR INSURANCE COSTS BY CREDIT TIER
What drives up car insurance rates in Chicago?
Where you live in Chicago affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Chicago is no exception to the rule. From zip code 60657 to 60636, premiums rise by 52 percent—that’s $572.
Expensive Chicago Zip Codes: 60644, 60623, 60624, 60621, 60636
Cheap Chicago Zip Codes: 60657, 60614, 60611, 60601, 60018
Chicago Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Chicago, you can expect 124 rainy days with an annual rainfall of 36.9 inches. Chicago is also known to experience thunderstorms and severe winter storms. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Be Prepared For
Driving in Chi-Town
Major HighwaysI-90 I-94 I-57
Toll RoadsChicago Skyway Bridge Jane Addams Memorial Toll Way Veterans’ Memorial Toll Way
Find Local Chicago Agents
John E. Horn & Associates, Inc.
6650 N Northwest Hwy Ste 105 Chicago, IL 60631
Sharon Robles Agency, LLC
1655 S Blue Island Avenue Chicago, IL 60608
Westside Insurance Agency, LLC
2165 S Millard Ave Chicago, IL 60623
Lakeview Insurance Agency, Inc.
3438 N. Southport Avenue Chicago, IL 60657
KSA Insurance Agency/ Division of Oak Brook Insurance Agency, Inc
7158 W Grand Avenue Chicago, IL 60707
Joseph Cacciatore & Co Insurance Agency
527 S Wells St 6th Floor Chicago, IL 60607
Inner City Underwriting Agency
1631 S Michigan Avenue Chicago, IL 60616
United Advantage Insurance Agency, Inc.
300 N LaSalle Chicago, IL 60654
4541 N Lincoln Ave Chicago, IL 60625
111 N Canal St Chicago, IL 60606
Salvador Insurance Agency, Inc.
3360 N Milwaukee Ave Chicago, IL 60641
205 W Randolph St. Suite 730 Chicago, IL 60606
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