The type of vehicle that is being insured is a significant factor when quoting the best cheap auto insurance after a speeding ticket. Vehicles with limited speed and performance, good crash test ratings, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.
The next list features auto insurance premiums for a selection of the cheapest automobiles to insure in Illinois.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $2,754 |
| Toyota Prius | $3,056 |
| Honda CR-V EX-L 4WD | $3,103 |
| Ford F-150 XL Crew Cab 4WD | $3,144 |
| Ford Escape XLT 2WD | $3,198 |
| Toyota Tacoma Double Cab 4WD | $3,264 |
| Ford Edge Limited AWD | $3,441 |
| Ford Fusion SEL 4-Dr Sedan | $3,500 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $3,507 |
| Chevrolet Equinox LTZ 2WD | $3,500 |
| Chevrolet Impala LS | $3,532 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $3,563 |
| Volkswagen Jetta SE 2.5 Station Wagon | $3,567 |
| Ford Explorer XLT AWD | $3,576 |
| Jeep Grand Cherokee Laredo 4WD | $3,598 |
| Find Cheaper Rates Go | |
Data based on single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, and homeowner. Rate quotes do not factor in specific garaging location which can modify insurance rates greatly.
Based upon the table data, you can see that models like the Honda Accord, Toyota Prius, and Honda CR-V are most likely to be a few of the less-costly vehicles to insure after a few driving violations.
Buying affordable insurance is hard enough, and deciding which companies quote the best car insurance rates after a speeding ticket calls for a little more work. Every insurance provider has a proprietary formula for establishing rates, so we'll take a look at the car insurance companies that tend to be cheaper in Illinois.
It's important to understand that Chicago car insurance rates are calculated based on many things which can substantially change the cost of having a policy. Simply having a birthday, moving to a different location, or getting a driving violation can trigger rate changes that can make some companies more expensive than others.
Lowest Insurance Price Quotes with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $746 |
| 2 | Rockford Mutual | $838 |
| 3 | Titan | $852 |
| 4 | Erie | $887 |
| 5 | Cincinnati Insurance | $888 |
| 6 | SECURA | $975 |
| 7 | Travelers | $981 |
| 8 | Utica National | $984 |
| 9 | USAA | $988 |
| 10 | State Farm | $1,012 |
| 11 | Auto-Owners | $1,053 |
| 12 | Safeco | $1,085 |
| 13 | GEICO | $1,107 |
| 14 | Amica | $1,109 |
| 15 | Farmers | $1,146 |
| 16 | California Casualty | $1,173 |
| 17 | Esurance | $1,221 |
| 18 | State Auto | $1,223 |
| 19 | Progressive | $1,256 |
| 20 | MetLife | $1,257 |
| Find Cheaper Rates Go | ||
The Hartford generally has some of the best car insurance rates in Chicago at around $746 annually. This is $603 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance would also make the list of some of the more affordable Chicago, IL auto insurance companies.
As depicted above, if you have coverage with Rockford Mutual and switched to The Hartford, you could see a yearly price reduction of roughly $92. Illinois drivers with Titan may save as much as $106 a year, and Erie insureds might lower prices by $141 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or quote prices from the following companies.
These prices are averaged across all types of insureds and vehicles and and are not figured with an exact vehicle garaging location after a speeding ticket. So the insurer that fits your age and vehicle best may not even be in the top 36 companies in the list above. That helps illustrate why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
Careless drivers pay higher rates
In a perfect world, the ideal way to get the most affordable car insurance rates in Illinois after a few driving violations is to be a safe driver and avoid traffic citations and accidents. The example below illustrates how traffic citations and accidents influence annual premium costs for each age group. The premiums assume a married male driver, full coverage, $500 deductibles, and no discounts are applied.
In the example above, the average cost of an auto insurance policy in Chicago per year with no violations or accidents is $1,401. Add in one speeding ticket and the average cost swells to $1,612, an increase of $211 each year. Then add one accident along with the one speeding ticket and the annual cost of car insurance after a speeding ticket jumps again to an average of $2,202. That's an increase of $801, or $67 per month, just for not being more responsible behind the wheel!
Should you buy full coverage?
Finding the cheapest car insurance is the goal of the majority of vehicle owners, and one easy way to buy cheap insurance after a speeding ticket is to only buy liability coverage. The example below visualizes the comparison of insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Illinois. Data assumes no tickets, no at-fault accidents, $500 deductibles, marital status is single, and no policy discounts are applied.
If we average the cost for all age groups, physical damage insurance costs an extra $1,648 per year more than just insuring for liability. That amount may make you wonder if you should buy full coverage. There is no definitive rule for phasing out comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
There are some cases where dropping full coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Types of discounts on Chicago auto insurance
Insurers that sell policies after a speeding ticket may additionally offer premium discounts that can lower rates by as much as 30% if you meet the requirements. A list of car insurance companies and a partial list of their discounts include:
- Travelers offers premium reductions for multi-policy, IntelliDrive, save driver, early quote, student away at school, driver training, and hybrid/electric vehicle.
- 21st Century offers discounts for automatic seat belts, good student, student driver, defensive driver, and early bird.
- State Farm may have discounts that include multiple policy, defensive driving training, anti-theft, Steer Clear safe driver discount, and safe vehicle.
- GEICO may offer discounts for emergency military deployment, federal employee, air bags, multi-policy, and anti-theft.
- SAFECO may include discounts for teen safe driver, anti-lock brakes, multi-car, teen safety rewards, and accident prevention training.
- AAA discounts include anti-theft, good student, AAA membership discount, good driver, education and occupation, multi-car, and pay-in-full.
The diagram below visualizes the comparison of insurance prices with and without some available policy discounts. The data assumes a female driver, two speeding tickets and no accidents, Illinois state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with paperless filing, homeowner, multiple vehicle, anti-theft, passive restraint, and paid-in-full discounts applied. In this example, theaverage amount saved on car insurance after a speeding ticket is 28% or $522.
The Chicago auto insurance agencies shown below can aid you in deciding which coverages are best, since lots of people like to have a professional recommendation when trying to find the best insurance rates after a speeding ticket. It's not always simple to find coverage yourself, so a licensed agent can add comfort knowing your coverage gives you sufficient coverage at claim time. To find a Chicago insurance agent close to where you live, click the button following the list.
Beyer Insurance Agency
35 E Upper Wacker Dr #1730 - Chicago, IL 60601 - (312) 922-5300
Allstate Insurance: Maribel Marron
3060 W Armitage Ave - Chicago, IL 60647 - (773) 572-9495
Amigo Insurance Agency
5902 W Fullerton Ave - Chicago, IL 60639 - (877) 999-2644
Northwest Insurance Network
330 S Wells St #1600 - Chicago, IL 60606 - (312) 427-1777
More Chicago, IL insurance agents
How to find economical auto insurance after a speeding ticket
It is possible to find better rates, and here are many penny-pinching solutions that can help Illinois drivers quote cheaper coverage.
- Safer vehicles cost less to insure
- Avoid accidents
- Increase the comprehensive and collision deductibles on your policy
- Drivers with good credit ratings often pay less
- Be a safe driver
- Save money by only buying liability coverage for older vehicles
- Compare rates and switch if you can find a better deal
The last tip in the list is notably critical, as was pointed out in the prior article. Prices charged by car insurance companies go up and down frequently, so drivers shouldn't be resistant to switch to a new company if you find a better deal.
Loyalty to a specific company is fine, but it isn't a good idea if that stubbornness costs you a lot of money. Now is a great time to shop around and find cheaper car insurance after a speeding ticket in Chicago.