How much does auto insurance cost in Elgin?
The average car insurance rate in Elgin, Illinois, is $1,341 per year. That's greater than than the statewide average in Illinois ($1,303) and less expensive 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 factors in Elgin.
CAR INSURANCE RATES IN ELGIN
|Elgin Average (annual)||Illinois Average||National Average|
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Elgin car insurance rates by company
One of the most important determinants of your car insurance rates is the insurance company you work with. For a typical insurance customer, GEICO provides Elgin's cheapest rates. See below the best options for affordable auto insurance in Elgin. Don't forget to get car insurance quotes based on your driving profile.
ELGIN AUTO INSURANCE RATES BY COMPANY
|Insurer||Average Annual Rate|
Elgin auto insurance rates by age
Elgin drivers in their age_50s pay relatively affordable car insurance rates just $1,163each year, on average. Those in their age_60s don't pay significantly more ($1,195).
Teenage drivers pay Elgin's most expensive insurance rates. One of the most effective ways to get cheaper car insurance rates as a driver in Elgin is to celebrate your 20th birthday. The gap in cost between the car insurance premiums paid by teenage drivers and drivers in their 20s in Elgin is $3,235. That's the biggest gap in premiums between any pair of age brackets.
ELGIN AUTO INSURANCE PREMIUMS BY DRIVER AGE
|Age group||Average Yearly Rate|
Elgin auto insurance premiums by gender and marital status
Marital status and gender are contributing factors to car insurance rates in many 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 Elgin pay $133 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 Elgin, insurance rates for those who are widowed are less expensive than rates for those who are single.
Gender is yet another factor that can affect auto insurance premiums. In Elgin, female drivers pay more for auto insurance than do male drivers: $3 per year, to be precise.
ELGIN CAR INSURANCE RATES: BY MARITAL STATUS AND GENDER
|Marital Status/Gender||Average Annual Rate|
Elgin auto insurance rates by accident and violation history
If you want to keep your car insurance costs reasonable, keep your driving record clean. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Elgin, a reckless driving citation results in an average insurance rate increase of $799 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $732 increase and a speeding ticket triggers a $382 rate hike.
ELGIN CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Incident/Violation||Average Yearly Rate|
|At-fault Accident (damages less than $1,000)||$2,000|
|At-fault Accident (damages > $2,000)||$2,169|
|Speeding Ticket (16-20 mph over speed limit)||$1,723|
Elgin car insurance rates by credit score
An important insurance rating factor is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. Elgin 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 great way to save money on car insurance. In Elgin, improving your credit to "Fair" could help you earn $1,048 in savings on insurance premiums each year.
ELGIN CAR INSURANCE RATES BY CREDIT LEVEL
|Credit Tier||Average Annual Rate|