The cost of car insurance in Chicago is a major deciding factor. Bank rate reports that Chicago residents pay $660 annually for basic auto insurance and $2150 per year for comprehensive coverage. Because rates can vary significantly, it is worth getting quotes from multiple insurance companies to increase your chances of finding affordable coverage.
Chicago Auto Insurance Coverage: Factors
These are the factors Value Penguin identifies that can increase the cost for Chicago motorists who have auto insurance:
- Rated 101 out of 300 major cities in terms of auto theft.
- Typical inclement weather, including heavy rainfall.
- The high number of uninsured motorists
Chicago’s auto insurance rates are likely lower because of the absence of personal injury protection and the low number of fatal accidents compared with the 300-year average collision fatality rate in other large cities.
Top 10 Car Insurance Agencies in Chicago
1. United Auto Insurance
United Auto Insurance provides Chicago residents with personal and commercial auto insurance options, including SR-22. Taxis, limousines, and tow trucks are all covered by commercial insurance. There are two options for liability insurance: increased limits and coverage. You can get discounts on multicar accounts and safe drivers. Account renewals are also possible. It also offers homeowners and renters insurance and 24-hour roadside assistance.
2. The Horton Group
The Horton Group, founded in 1971, provides commercial automobile insurance for businesses of all sizes throughout the Chicago metropolitan area. The Horton Group can help clients with small or large-scale operations to find the best possible automobile liability solutions. Additional coverage areas include professional liability, risk transfer, and commercial and commercial property.
3. Select Insurance Group
Select Insurance Group was established in 2002 to offer auto insurance coverage for high-risk drivers in the Chicago area. The agency’s licensed specialists can offer SR-22 financial liability insurance policies to drivers stopped for reckless driving, driving with no insurance, or driving with a suspended or expired license. According to Illinois state requirements, the agency offers SR-22 auto insurance with limited coverage. Select Insurance Group has many offices across the country and offers affordable rates.
4. Insurance Agency ASAP Insured
Insured ASAP Insurance Agency, an online broker, helps small businesses find insurance. The personalized service allows customers to ask specific questions and receive multiple quotes from top commercial insurance companies. Insured ASAP Insurance Agency saves customers time by offering the best deals to suit their budgets and needs. It also strives to provide affordable rates for people with less-than-perfect driving records.
5. Farmer Brown Insurance
Farmer Brown Insurance, a Chicago-based independent agency, provides auto insurance solutions to individuals, families, businesses, and other entities throughout Illinois. The agency works with many insurance partners to source competitive auto insurance policies and negotiates a price within the client’s budget. The agency can arrange auto insurance coverage for one vehicle, multicar families, and business fleets. The agency can also discuss the appropriate add-ons to ensure clients who speak Spanish and English are fully covered.
Insurance, an independent insurance agency, is located in Chicago, Illinois. It specializes in auto insurance for individuals and businesses. The agency works with many insurance companies to offer single- and multi-vehicle policies and coverage for entire fleets for business clients. The agency provides one-on-one, impartial advice and support to ensure its customers get the best coverage and know what they are covered against. Insurance offers a range of snowmobiles, boats, and motorcycles.
7. Concklin Insurance Agency
Concklin Insurance Agency was established in 1993 to serve Lombard, Illinois, residents, and businesses. It offers auto insurance policies to protect against legal liability in an accident. They work with top-rated underwriters who offer vehicle telematics programs. For company-owned vehicles, commercial auto insurance is available. Hired, non-owned auto policies cover personal cars that are used for business. The company is a member in good standing of The Strategic Insurance Agency Alliance.
8. Clover Insurance Agency, Inc.
Clover Insurance Agency Inc. has provided auto insurance to Chicago drivers for over 40 years. No matter their driving record or status as a driver, the company offers auto insurance with full and liability coverage to all drivers. Clover Insurance Agency Inc. provides motorcycle and rideshare insurance for individuals who work with transportation network companies like Uber or Lyft.
9. Best Insurance Consultants LTD
Best Insurance Consultants Ltd, a Chicago-based insurance company, has offered auto insurance solutions since 1952. The company, along with its partners Erie Insurance and Safeco Insurance Group, Mercury Insurance Group, and Foremost Insurance Group, offers a variety of auto insurance options, including comprehensive, liability, no-fault, and collision coverage. Best Insurance Consultants Ltd provides policies for standard and non-standard vehicles such as boats, motorcycles, and RVs.
10. American Auto Insurance
American Auto Insurance, an independent insurance agency in Chicago, Illinois, is located. The company has over 30 years of insurance experience and serves clients across the state. The agency serves all types of motorists, including those with suspended or international licenses. It offers SR-22 insurance and works with high-risk drivers. Spanish-speaking agents can be reached at the company. All customers will receive 24/7 roadside assistance.
Chicago Auto Insurance Requirements
To drive legally in Illinois, all motorists must have minimum insurance. Minimum insurance requirements in Illinois include:
- $50,000 per accident in bodily injury liability, $25,000 per person
- $20,000 per accident liability property damage coverage
- $25,000 per person, $50,000 per accident for bodily injury coverage to uninsured motorists.
Liability policies will cover your costs if you are involved in an auto accident. Drivers often choose to purchase additional coverage to cover the costs associated with an accident. If you are interested in an accident with someone who doesn’t have auto insurance, uninsured motorist coverage will pay your expenses.
Personal injury protection may be an option. The policy covers you and your passengers for medical expenses after an accident, regardless of fault. PIP can pay for household services you cannot perform after an accident, funeral expenses, or lost wages, depending on how extensive the coverage is.