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Cheap Car Insurance in Elgin, IL

Want a better deal on cheap auto insurance in Elgin, IL? We are here to tell you that the best way to do that is to compare prices online. Luckily for you, that is exactly what we are experts in! You don’t have to do the laborious, tedious work of calling up separate companies and asking for quotes on your own. We can do it for you quickly and easily and start saving you money today.

Elgin, IL is the 8th largest city in the state of Illinois and one of only a few cities to straddle multiple counties (Cook and Kane counties, to be specific). The city of Elgin is quickly becoming one of the most popular residential suburbs within 40 miles of the city of Chicago. There has been an extensive amount of renovation going on in their downtown area, especially with regard to the business district and public building renovations.

  • Fun fact: The boardroom is no longer a boys club in Elgin, IL – because the city is #1 on the list of the top 100 cities with the largest percentage of females in company management positions. Click here for more fun facts about Elgin.

Auto Insurance Coverage Requirements in Illinois

Driving legally in Elgin requires:

Coverage Requirements Most Common
Bodily Injury Liability 20,000/40,000 100,000/300,000
Property Damage Liability 15,000 100,000
Uninsured Motorist Bodily Injury Not required 20,000/40,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 250 deductible

Yes, we understand that the difference between the middle column (bare legal minimum requirements) and the suggested coverage amounts is pretty stark. The difference in your monthly premiums can be fairly dramatic, as well. But you have to take into account what your financial needs are. Can you get away with carrying minimal insurance on your vehicle? Or do you drive a newer, more expensive one that requires substantially more coverage? Only you and your insurance provider can really come up with the best answer to such questions.

But Illinois drivers will be relieved to know that finding a better deal on their car insurance policy isn’t as difficult as it may be in other states. The average Illinois resident is probably only paying less than $70 a month for an adequate level of coverage. But the definition of adequate will vary from one driver to another. Your specific circumstances – along with the company you purchase a policy from – will determine whether or not your average is above or below what most other drivers are paying.

Average Monthly Auto Insurance Premiums Legend: Elgin Safe Auto Dairyland Elephant The General Cincinnati Insurance 15 30 45 60 75 90 105 120 135 150 165 $99 $63 $146 $174 $58

 

Dairyland and Cincinnati Insurance seems to be working the hardest right now in order to steal business from the competition. Elephant and The General are lagging much farther behind. But whether or not you will get the bargain prices featured here depends on dozens of different variables that are hard to predict. Below, you will read more about them – and even learn some strategies to bend circumstances in your favor.

Getting a fair price for Illinois auto insurance does not have to be an impossible struggle. We have helped drivers like you save 29% or more off their monthly premiums in a single day. Comparing rates by using sites like ours is the quickest and most efficient way to do that. But it’s equally important to educate yourself on how car insurance companies determine your rates in the first place – and what you can do to get yourself the lowest monthly premium possible.

Major Car Insurance Factors in Elgin

When determining premiums, there are some very important things that you need to keep in mind. For starters, with certain exceptions, insurance companies are looking to sell policies to drivers they believe will be less likely to get into an accident. The longer you go without getting into an accident or filing a claim, the higher their profits. Higher profits make insurance companies happy, and they reward safe drivers with lower premiums. The more you can do to make yourself look like a safe driver, the more likely it’ll be that you can get these lower premiums from your insurance provider.

Your Zip Code

There are currently around 114,521 residents in Elgin, IL right now. And the average household is bringing in just over $61,000 a year. This is just a snippet of the information your insurance company can instantly learn about you when you give them your zip code. Your zip code is important because not only does it tell your insurance company where you are going to be spending most of your time driving, but it can give them a plethora of statistical data which can help them calculate your likelihood of getting into an accident.

Auto Insurance by Zip Code Legend: Elgin Chicago Aurora Safe Auto Elephant The General 15 30 45 60 75 90 105 120 135 150 165 $99 $34 $21 $146 $49 $29 $174 $54 $37

Automotive Accidents

Some of the data points your insurance company will get from your zip code are fatal accidents statistics for your area. As far as Elgin goes, the rate of deadly accidents which occur within city limits is relatively low, especially when you consider the population density. But as you can see in the graph, they still happen. It’s a good idea to talk to your insurance provider about what, if anything, you can do to show them that you are less likely to get into a deadly accident than the average driver. Just making this simple effort and communicating with them could help you save money on your premiums.

Fatal Accidents in Elgin, IL Legend: Elgin Fatal Accidents Vehicles Involved in Fatal Accidents Fatal Crashes Involving Drunk Persons Fatalities Persons Involved in Fatal Crashes Pedestrians Involved in Fatal Crashes 1 2 3 4 5 6 7 8 9 10 11 12 5 10 1 5 12 1

Auto Thefts in Elgin

Did you know that there were only 68 Vehicles stolen in Elgin back in 2016? What’s even better is that this is reflective of a gradual downward trend over the last few years. Having a lower risk of auto theft or vandalism will have a modest yet important impact on lowering your premiums. You can even take this financial boon a step further and make sure that you have a passive alarm installed in your vehicle for added protection. Most insurance companies will give you discounts for this.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Safe Auto Dairyland Elephant 15 30 45 60 75 90 105 120 135 150 $99 $106 $63 $162 $146 $135

Your Credit Score

Many people have a love-hate relationship with their credit score. Earning and maintaining good credit seems effortless for some lucky individuals. But for anyone who’s ever struggled financially, getting out of the black hole which is a bad credit score, it can feel oppressively impossible. If you’re in that financial hole right now, consider lower rates on your car insurance just that much more inspiration for you to clean up your credit. There are many different free websites you can use to track your score. Many of these sites also publish informative articles and strategy guides to help you build your credit back up over time absolutely free.

Auto Insurance by Credit Score Legend: Good Credit Poor Credit Safe Auto Dairyland Elephant 10 20 30 40 50 60 70 80 90 100 110 120 130 140 $99 Does Not Sell $63 $89 $146 $146

Your Age

If you are under the age of 25 – or if you have an older child who is under the age of 25 – finding an affordable auto insurance policy may seem impossible. Don’t get us wrong, it is very difficult. And it will likely remain fairly expensive until they get a few extra years of driving experience under their belts. But bundling your young driver onto a family policy, getting good grades, taking driver’s education courses, and even modifying your insurance policy coverage when they are away at college can help put a dent in that exorbitant expense.

Auto Insurance by Credit Score Legend: 17 Year Old Driver 35 Year Old Driver Safe Auto Dairyland Elephant 60 120 180 240 300 360 420 480 540 600 $232 $99 $648 $63 $373 $146

Your Driving Record

Driving safely and keeping your driving record clean is a major step in the right direction toward getting the most affordable insurance rates possible. But having a few tickets here or a couple of filed claims there will not condemn you to a lifetime of more expensive premiums. Most companies will no longer factor in previous accidents or tickets if those infractions are 5 years old or older. Some generous companies are even willing to forgive past transgressions as old as three years or more. Yet other providers may be willing to give you more lucrative discounts if you already have a clean record and plan on keeping it’s that way for the foreseeable future.

Driving Violations Legend: Perfect Record Minor Violation Major Violation Safe Auto Dairyland Elephant 20 40 60 80 100 120 140 160 180 200 220 240 $99 Does Not Sell Does Not Sell $63 $94 $237 $146 $244 $220

Your Vehicle

Different vehicles will have different coverage needs. You should keep this in mind when shopping around for a policy for your particular vehicle. Older cars, especially those which were more reasonably priced to begin with, won’t need quite as much coverage as a brand new Benz or a Corvette, for example. The more expensive it is to repair or replace your car, especially if you buy it brand new, the more coverage you will need to buy – which will make your monthly auto insurance premiums that much more expensive.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2015 Chevy Corvette Safe Auto Dairyland Elephant 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 $99 Does Not Sell $63 $62 $146 $155

Minor Car Insurance Factors in Elgin

Of course, tweaking some of the factors below can add up to some extra savings over time:

Your Marital Status

If you happen to have recently tied the knot, congratulations! We can’t give you a wedding gift personally, but we can give you the gift of knowledge: being married and bundling your auto insurance with your partner could save you up to 10% on your monthly insurance premiums. Sometimes more, depending on the company. This isn’t always the case, though, so be sure to talk with your partner and your respective auto insurance providers to see whether or not you need to stay single when it comes to your car insurance coverage.

Your Gender

Some people believe that women are more dangerous behind the wheel than men because there are more emotional and tend to panic in stressful situations which require quick decision-making. Others argue that men are the more dangerous drivers because their higher testosterone levels make them more aggressive, leading to risk-taking behavior which is more likely to cause an accident. Most companies don’t take gender into account anymore. However, you should ask your insurance agent which side of this fence your provider falls under – and, based on their policies, decide whether or not your current insurance company is right for you.

Your Driving Distance to Work

The more time you spend driving to and from work, and the more often you have to make that commute, the higher your likelihood of an accident – and the higher your likelihood of getting charged a higher monthly car insurance premium. Close to 78% of Elgin residents will drive alone in their own vehicle to work each day. Around 11% of commuters will carpool with coworkers, which is a delightfully higher rate than nearby municipalities. And for most drivers, this commute could be as short as 10 minutes or as long as 35 minutes depending on your luck.

In general, telling your car insurance provider how much and how often you drive might not get you the best discounts. You will likely have to prove it to them by plugging one of those mileage tracking devices into your vehicle. If you decide to go this route, it could save you upwards of 30% or more off your premiums. But be careful – if you drive more miles than you originally thought you would, if you have too many hard breaking incidents, or if you drive during dangerous hours – such as rush hour traffic or after dark on the weekend when drunk driving accidents happen – your premiums could end up being more expensive!

Your Coverage and Deductibles

How high or low is your deductible right now? Most drivers just let their insurance company set it and forget it. But this can be a very expensive mistake, in more ways than one. Setting your deductible too low can help you get on the road sooner if a serious accident actually happens to you, but over the long haul, it will cost you money and higher monthly premiums which may not outweigh the cost of paying a lower deductible. Higher deductibles, on the other hand, will save you money over time but will make it difficult to get back on the road quickly if you get into a serious accident and need to cough up the cash. It’s up to you to pick which strategy is more cost-effective for your individual needs.

Education in Elgin, IL

Around 21% of Elgin residents have yet to complete their high school education or earn a GED. The city also has one of the state’s largest disparities between residents who have earned a bachelor’s degree and the state average of college graduates in Illinois. This is important because many insurance companies these days will offer around 4% – 6% off the monthly premiums for college-educated drivers because they believe them to be safer and more responsible behind the wheel.

Elgin, IL is an estheticians mecca for higher education. Assuming that your professional ambitions involve making people more beautiful, you can choose from the Regency Beauty Institute-Elgin, the Cannella School of Hair Design-Elgin, or the Salon Professional Academy-Elgin. For other Industries, you can get a higher education from Elgin Community College or Judson University, to name a few.

If you don’t feel like you’re getting the best deal from your auto insurance provider, you should be proactive and take steps to change it. The first step you should take is to compare rates and shop around with us! All you need is your zip code to get started. That’s all we need to help you find accurate, free quotes from providers near you who want your business. Let us point you in the right direction so that you can get the fairest deal.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Illinois Department of Insurance

Illinois Department of Financial and Professional Regulation

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

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