Cheap Car Insurance In Peoria, IL 2024
State Farm takes the lead as the go-to auto insurance provider in Peoria, IL.
We’ve saved shoppers an average of $600 per year on their car insurance.
In a dedicated 30-hour stretch, our team sifted through various car insurance quotes from different providers in Peoria. After careful analysis, we identified State Farm and Auto-Owners as the top choices for insurance in the area.
State Farm shines as the best auto insurance company overall, while Auto-Owners stands out for being budget-friendly, especially for those with driving offenses or those who want comprehensive coverage.
Even though the usual monthly insurance cost in Illinois is about $150, Peoria’s average monthly rates are slightly higher, at around $194. We’ll dive into how things like age, gender, location, and driving history affect the monthly cost of insurance for drivers in Peoria.
Cheapest And Best Car Insurance In Peoria, IL 2024
Compare The Cheapest Car Insurance in Peoria, IL
| Average Annual Cost | Best For | JD Power Rating | Overall Rating | AM Best Rating | Get A Quote | |
|---|---|---|---|---|---|---|
| Auto-Owners |
$840 |
Minimum Coverage |
837 |
|
A++ |
Instant Quote |
| State Farm |
$900 |
Best Affordable Coverage |
842 |
|
A++ |
Instant Quote |
| Auto-Owners |
$1,032 |
Full Coverage |
837 |
|
A++ |
Instant Quote |
| Mercury |
$1,053 |
Senior Drivers |
829 |
|
A |
Instant Quote |
| USAA |
$1,632 |
Young Drivers |
881 |
|
A++ |
Instant Quote |
| Auto-Owners |
$1,507 |
Driving Violations |
837 |
|
A++ |
Instant Quote |
Our Methodology
Digging for the most wallet-friendly car insurance rates in Peoria, we delved into a comprehensive analysis of data from various car insurance review platforms. We also examined rates acquired from publicly available filings, gathered via Quadrant Information Services. Our evaluation got a boost from insights by our seasoned team of insurance professionals, boasting a collective twenty-five years of industry experience. It's important to remember that while the rates we present in this guide are accurate, insurance premiums can fluctuate daily and may be influenced by individual driver circumstances. Here's a quick rundown of our approach:
Quotes Analyzed
Years of Industry
Brands Reviewed
Research Hours
Cheapest Car Insurance In Peoria, IL
Best Overall Rates
Key Statistics
Why We Like Them
⇅Occasionally, going for the most budget-friendly choice doesn’t always guarantee top-tier quality and service. Yet, State Farm has managed to strike a balance, excelling in customer-focused service while effectively managing costs. On average, State Farm policyholders can expect to pay around $900 for their coverage.
Earning a reputation as one of the most affordable car insurance options in Peoria, State Farm also earns commendable ratings for overall customer satisfaction. Many individuals have shared positive experiences while interacting with their local agents.
For those currently exploring auto insurance options, it’s a wise move to have State Farm on your radar.
Benefits & Drawbacks
⇅- Impressive customer service ratings
- Affordable coverage choices catering to various driving requirements
- Solid financial ratings on both J.D. Power and AM Best scales
- Local agents available for face-to-face discussions ✓
- Restricted range of personalized options
- Absence of gap insurance provision for policyholders ✘
Cheapest Overall Auto Insurance Rates in Peoria
| Company | Average Rate Per Year |
| State Farm | $1,142 |
| American Family | $1,306 |
| Progressive | $1,373 |
| National General | $1,365 |
| Travelers | $1,644 |
Cheapest Coverage for Motorists with Driving Violations
Key Statistics
Why We Like Them
⇅Certain insurance companies heavily consider driving violations, often leading to challenges in finding affordable car insurance. However, Auto-Owners stands committed to offering economical car insurance options to a wide range of drivers, including those with past at-fault accidents or DUIs on their record.
While the exact impact of each violation on your coverage cost may vary, many drivers can still access car insurance plans through Auto-Owners at an average yearly rate of approximately $1,500.
While Auto-Owners might not hold the top spot in user experience among major insurance providers, their personalized consultations have proven advantageous for numerous policyholders.
Considering all factors, Auto-Owners emerges as an appealing choice for individuals with a few incidents in their driving history.
Benefits & Drawbacks
⇅- In-person meetings can be scheduled for those wanting to establish a rapport with an agent
- Affordable rates offered to most drivers
- Eligible drivers can take advantage of benefits like accident forgiveness and diminishing deductible ✓
- Service coverage is presently available in only 26 states
- The online platform currently doesn't offer instant quote generation
- Policy management features aren't accessible through the company's online portal ✘
Your driving history plays a significant role in the monthly premium rates established by insurance companies. Individuals with clean driving records are seen as low-risk drivers, resulting in more favorable rates. Conversely, those with speeding tickets, DUIs, or at-fault accidents are categorized as “high-risk.”
Regrettably, people with past driving incidents often face noticeably higher premium rates, which can pose affordability challenges. However, some companies, like Auto-Owners, take a more lenient approach and provide benefits such as accident forgiveness.
Cheapest Rates for Motorists with Driving Violations in Peoria
| Company | Average Rate Per Year |
| Auto-Owners | $920 |
| State Farm | $1,315 |
| GEICO | $982 |
| Travelers | $1,200 |
| Progressive | $1,460 |
Cheapest Full Coverage Rates
Key Statistics
Why We Like Them
⇅Though not available everywhere, Auto-Owners is a great choice for Peoria drivers. They offer some of the most affordable full coverage rates in the state and prioritize a positive customer experience, especially if you prefer local agents.
While they don’t provide online policy management, the company offers helpful features. One standout is their accident forgiveness policy.
For most full coverage plans, Auto-Owners keeps the average yearly cost around $1,032.
Benefits & Drawbacks
⇅- Qualifying policyholders can access a diverse array of discounts
- Recognized by collision experts for their streamlined claims processing
- Additional coverage options such as gap insurance, new car replacement, and diminishing deductible are offered ✓
- Individuals requiring an SR-22 will have to seek coverage from an alternative insurance provider
- Currently, coverage is restricted to just 26 states
- Online or app-based application and policy management services are not currently offered ✘
Although having the minimum state-required coverage is a must for all drivers, opting for comprehensive full auto insurance can be a better choice. But there are perks to investing a little more for added protection. With a complete full coverage auto policy, you get these coverages:
- Property damage liability
- Bodily injury liability
- Comprehensive and collision protection
Cheapest Full Coverage Car Insurance Rates in Peoria
| Company | Average Rate Per Year |
| Auto-Owners | $830 |
| State Farm | $1,220 |
| GEICO | $760 |
| Travelers | $870 |
| American Family | $850 |
Cheapest Rates for Young Drivers
Key Statistics
Why We Like Them
⇅Before we explore USAA, it’s important to note that their coverage is exclusively tailored for active military members, veterans, and their families. If you fall within this category, including USAA when you’re gathering insurance quotes could be a wise move.
USAA stands out for its exceptional customer service and satisfaction ratings. They also offer competitive rates in Peoria, where young drivers typically face an annual coverage cost of around $1,632. USAA sweetens the deal by providing benefits like accident forgiveness and new car replacement.
Benefits & Drawbacks
⇅- Noted for its exceptional customer service and superb user experience
- Economical rates cater to a wide variety of drivers
- Features include accident forgiveness and the opportunity for new car replacement ✓
- Features include accident forgiveness and the opportunity for new car replacement
- The option to incorporate gap insurance in an auto policy is conspicuously absent ✘
Typically, insurance companies consider driving history a major factor when calculating premiums. Yet, assessing young drivers using the same criteria can be challenging due to their limited time on the road. Instead, many companies rely on data to anticipate the potential risks tied to teenage drivers.
As time goes on and more driver data is collected, many young drivers will likely observe their rates decreasing as they consistently adopt safe driving habits.
Cheapest Rates for Young Drivers in Peoria
| Company | Average Rate Per Year |
| USAA | $1,524 |
| Country Financial | $1,692 |
| State Farm | $1,752 |
| Travelers | $2,203 |
| Progressive | $2,282 |
Cheapest Rates for Senior Drivers
Key Statistics
Why We Like Them
⇅While Mercury Insurance might not score the highest ratings compared to some other providers, they do offer the most budget-friendly rates for seniors residing in Peoria. The usual yearly cost comes in at around $1,053. Mercury also provides additional benefits and options for policyholders, such as ride-sharing coverage and protection against mechanical breakdowns.
Benefits & Drawbacks
⇅- Tailored affordable insurance choices for senior drivers and those with clean driving records
- Specialized additional coverage is offered for ride-sharing drivers ✓
- Elevated volume of customer complaints compared to industry standards
- Limited options for customizing auto insurance policies
- Coverage is confined to an exclusive 11-state region ✘
Unlike younger drivers, seniors bring years of driving experience, giving insurance companies a wealth of data to consider when setting rates. If a senior driver has maintained a relatively clean driving record throughout their life, it’s common for their rates to be below average.
Furthermore, certain insurance companies might offer seniors lower rates if they use their vehicles less frequently. With fewer chances of accidents, providers often categorize seniors as “low-risk” drivers.
Cheapest Rates for Senior Drivers in Peoria
| Company | Average Rate Per Year |
| Mercury | $1,053 |
| Country Preferred Insurance | $1,039 |
| GEICO | $1,109 |
| Erie | $1,257 |
| State Farm | $1,271 |
Cheapest Minimum Coverage Rates
Key Statistics
Why We Like Them
⇅If you’re seeking straightforward coverage, finding a dependable company to assist you in case of accidents or damage is crucial. With Auto-Owners, you’ll benefit from a local agent who understands your specific needs. Additionally, Auto-Owners is recognized as one of the most budget-friendly options in the Peoria region.
For most customers seeking basic coverage, the annual cost with Auto-Owners typically falls around $840.
Discovering an alternative insurance provider that balances customer satisfaction and affordability for minimal auto insurance policies can be quite a task.
Benefits & Drawbacks
⇅- Demonstrates robust financial performance across various independent agencies
- Committed local agents oversee policies, fostering a strong bond between the company and policyholders
- Budget-friendly rates cater to a wide range of driving situations ✓
- Absence of online or app-based options for policy viewing and management
- Coverage is limited to only 26 states
- Presently lacks the capability to handle SR-22 filings ✘
While plenty of folks lean towards comprehensive auto insurance, there’s a clever case to be made for choosing a minimal coverage plan. Picture this: you’ve got a fleet of vehicles, but one hardly sees the light of day. In that scenario, going with a basic plan for that seldom-used car is a smart move.
In the end, a minimal coverage plan lets you stay road-legal and offers a safety net for fender-benders without going all out.
Cheapest Minimum Coverage Rates in Peoria
| Company | Average Rate Per Year |
| Auto-Owners | $370 |
| State Farm | $520 |
| GEICO | $374 |
| Allstate | $710 |
| Erie Insurance | $400 |
Average Cost Of Car Insurance In Peoria, IL
| Insurance Company | Average Monthly Quote |
| Auto-Owners | $88 |
| State Farm | $90 |
| Geico | $124 |
| National General | $139 |
| Travelers | $141 |
Average Cost Of Auto Insurance In Peoria – By Age
| Age Group | Average Monthly Rate |
| Teenagers | $170 |
| 20s | $125 |
| 30s | $85 |
| 40s | $90 |
| 50s | $72 |
| 60s | $70 |
| 70s | $90 |
Average Cost In Peoria – By Gender
| Gender | Average Monthly Cost |
| Female | $94 |
| Male | $94 |
Average Cost In Peoria – Marital Status
| Marital Status | Average Monthly Cost |
| Single | $91 |
| Married | $88 |
Average Cost In Peoria – By Accident And Violation History
| Violation/Incident Type | Average Monthly Rate |
| Clean Record | $189 |
| Speeding Ticket | $142 |
| DUI/DWI | $174 |
| At-Fault Accident | $270 |
Average Cost In Peoria – By Credit Tier
| Credit Tier | Average Monthly Rate |
| Excellent | $84 |
| Good | $100 |
| Fair | $143 |
| Poor | $174 |
Average Cost In Peoria – By Zip Code
| Zip Code | Average Monthly Cost |
| 61610 | $68 |
| 61611 | $127 |
| 61613 | $75 |
| 61614 | $100 |
| 61615 | $96 |
| 61602 | $55 |
| 61603 | $100 |
| 61604 | $96 |
| 61605 | $102 |
| 61606 | $105 |
Minimum Car Insurance Requirements In Illinois
In Illinois, auto insurance coverage is mandatory for legally operating a motor vehicle. The law specifies the following coverage amounts:
- $25,000 for injury or death of one person in an accident
- $50,000 for injury or death of multiple people in an accident
- $20,000 for damage to someone else’s property
Not meeting these minimum requirements could result in fines of up to $1,000 and/or the temporary suspension of your driver’s license.
How To Buy Car Insurance In Peoria
Navigating the realm of car insurance brings its challenges, not in securing the policy itself, but in understanding the steps to secure the coverage you need. If you’re new to this process, comparing policy options might feel like diving into the unknown.
To shed light on what lies ahead during your car insurance journey, here are five essential checkpoints you should be sure to follow:
Step 1: Gather all the necessary information upfront (such as vehicle details, driver’s license numbers, personal info of policy members, and driving history).
Step 2: Define the coverage amount required to meet Illinois legal obligations.
Step 3: Make the call on whether to buy your policy online or partner with a local agent.
Step 4: Compare quotes from at least three distinct auto insurance providers.
Step 5: Seal the deal on your policy purchase and send out the word to your previous insurer about the switch.
Factors That Impact Cost Of Your Car Insurance Policy In Peoria
The calculation of your monthly car insurance premium is a puzzle pieced together by various factors. Take your zip code, for instance – it plays a pivotal role in shaping the rates handed out by insurers. Residing in an area prone to auto theft or vandalism can hike up your coverage costs.
But the spotlight isn’t solely on location. Car insurance companies also take into account these elements when crafting your rates:
- Driving history
- Vehicle type
- Average annual mileage
- Credit history
- Marital status
- Age
- Gender
- State-mandated insurance requirements
In The News
- An ongoing proposal in Illinois aims to eliminate insurance pricing elements tied to gender, occupation, and credit scores.
- Fresh research data points out that Peoria has encountered the nation’s fourth-largest surge in auto insurance rates.
Car Insurance Discounts In Peoria
When exploring car insurance options in Peoria, it’s about more than just finding the cheapest choice. Numerous insurers provide a variety of discounts that can notably lower your monthly coverage expenses. Let’s delve into a few of these discounts that you should definitely keep in mind before settling on your car insurance plan:
- Paid in full
- Multi-vehicle
- Multi-policy
- Military
- Senior
- Student away
- Good student
- Safe driver
- Defensive driving
- Low mileage
- Accident-free
Looking For Car Insurance In Other Cities In Illinois?
FAQs
Which company offers the cheapest car insurance?
For cost-conscious drivers in Peoria searching for budget-friendly car insurance, State Farm stands out as the go-to option. Among the array of choices in the city, this insurance company sets itself apart by providing economical coverage, with an average yearly cost of about $900
How much is car insurance in Illinois a month?
Your residence can impact your auto insurance rates, and while this holds true, the average cost for comprehensive car insurance coverage in Illinois typically hovers around $150 per month for most drivers.
Why is Illinois car insurance so high?
While various elements play a role in determining the monthly costs for Illinois drivers, one notable factor has been driving recent rate increases—uninsured drivers. With around 15% of motorists without insurance, insurance companies are adjusting premiums to account for the expenses incurred in accidents involving uninsured drivers.
