Chicago Car Insurance

Your 2017 Guide to Buying Car Insurance in Chicago, IL

Chicago is the third most populated city in the country and is also a major destination point for tourists, which means a lot of drivers are on the roadways. With seven major interstate highways passing through the Chicago area, it is nearly impossible to avoid heavy traffic conditions when driving to one of Chi-town’s many attractions. Sometimes heavy traffic can put you at risk for roadway collisions.

The proper Chicago, IL car insurance coverage can prevent a traffic accident from causing you undue financial strain. State minimum coverage is not always enough to keep your finances secure after an accident. You can learn more about your many policy options and review competitively priced Chicago auto insurance quotes all in one place with an independent agent at your side. Contact a local independent insurance agent today for help with assessing your coverage needs.

  • National annual average premium costs: $1,311
  • Illinois annual average premium costs: $1,079
  • 39th most expensive premiums in the US

Statewide, auto insurance policy premiums are a lower than the national average, but these averages should be used as guidelines only. Many factors can influence coverage costs, including:

  • Your driving record
  • The value of your car
  • Where and how often you drive
  • Where and how you store your car when not in use
  • The coverage options and limits you choose

Speak with your insurance agent about any questions you have about Chicago car insurance costs. You may be able to find deals and discounts for being a safe driver, remaining claims-free, and being a member of a professional organization.

Chicago, Illinois Car Insurance Requirements

  • Bodily injury liability: required
  • Property damage liability: required
  • Personal Injury Protection (PIP): Not required
  • Uninsured motorist: required
  • Minimum liability limits: 25/50/20
    • Coverage up to $50,000 for all persons injured in an accident, subject to a limit of $25,000 for one individual, and $20,000 coverage for property damage.

The Illinois Department of Transportation reports that in recent years, the average cost of treating major injuries from car accidents was as high as $73,760, while costs associated with minor injuries averaged $23,815. If you have only minimum coverage and you are responsible for such an injury, you will be expected to pay any costs that exceed $25,000. This could cause a great deal of financial hardship for any driver. You can avoid this strain on your pocketbook by simply increasing your liability coverage. Doing so is not as expensive as you might think. Work with your agent to get details on the best policy option for your budget and financial future.

Chicago, Illinois Uninsured Motorists

  • National uninsured motorists: 12.6%
  • Illinois uninsured motorists: 13.3%
  • Illinois average vehicle repair cost: $2,449

The proportion of uninsured drivers in Illinois is higher than the national figure. Having uninsured motorist coverage ensures that, if you are sideswiped by an uninsured driver while driving down the Kennedy Expressway, any ensuing medical bills or property damage will be covered.

Number of Thefts in Chicago, Illinois:

  • National car theft average (per 1,000 registered vehicles): 2.94
  • Illinois car theft average (per 1,000 registered vehicles): 2.63

Chicago, like any other large city, has its share of crime. Vehicle thefts throughout Illinois are at about the same level as the rest of the nation, but the majority of the state’s thefts occur in the Windy City. More than 10,000 cars are stolen in this city each year. That’s 3.69 out of every 1,000 cars, which is well over the national average. With comprehensive coverage in place, you can be sure that you will be compensated for your loss if your car is stolen.

How Can You Find the Best Chicago Car Insurance Policy?

Insurance experts strongly recommend that you obtain a minimum of three quotes before selecting an insurance company. Your local independent agent can simplify the process by doing the comparison shopping for you. Independent agents have relationships with several different insurance companies, so they can quickly present you with a selection of competitively priced policies that meet your coverage needs. Your agent will also be readily available to answer questions and provide excellent customer service, and can even advocate for you during the claims process. 

Contact an agent today to obtain obligation-free Chicago auto insurance quotes.

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