The words "economical" and "auto insurance" really should not be used together, especially when you are shopping around for the cheapest coverage for a school permit. Because it's not cheap, let's familiarize you with a few of the things that have an impact on auto insurance rates, and see how we can help you take a little off your next policy.
The car, truck, or SUV you are insuring is a large factor when trying to find the best car insurance for a school permit. Vehicles with lower acceleration and performance, a great safety record, or low incidents of liability claims will cost less to insure than higher performance models.
The list below shows coverage prices for some of the most budget-friendly vehicles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $7,250 |
| Honda Accord LX-P 4-Dr Sedan | $7,260 |
| Honda CR-V EX 4WD | $7,323 |
| Volkswagen Jetta S 2.5 Station Wagon | $7,781 |
| Hyundai Elantra SE Touring Station Wagon | $7,786 |
| Toyota Prius | $7,851 |
| Ford F-150 XLT Regular Cab 4WD | $8,147 |
| Ford Explorer XLT 4WD | $8,156 |
| Chevrolet Impala LS | $8,532 |
| Jeep Grand Cherokee Laredo 4WD | $8,605 |
| Toyota RAV4 Limited 4WD | $8,615 |
| Ford Fusion S 4-Dr Sedan | $8,605 |
| Chevrolet Equinox LS 2WD | $8,610 |
| Compare Cheap Rates Go | |
Data based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific location which can modify premiums noticeably.
Looking at the numbers, we can presume that makes and models like the Ford Escape, Honda Accord, and Honda CR-V are most likely going to be the most affordable vehicles to insure for a learners permit. Auto insurance rates will tend to be more expensive because there is more claim risk for a school permit, but overall those makes and models will probably have the cheapest rates that you are likely to find.
Deciphering which insurers offer the lowest-priced insurance rates for a school permit requires more work than just picking a company at random. Each company has a unique approach to set premium rates, so let's take a look at the insurance companies with the overall cheapest rates in Illinois.
Keep in mind that Illinois insurance rates are impacted by many factors that will increase or decrease the price you pay. Improving your credit score, filing a claim, or getting a DUI can trigger changes in premium resulting in some companies being cheaper than competitors.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $746 |
| 2 | Rockford Mutual | $813 |
| 3 | Titan | $878 |
| 4 | Cincinnati Insurance | $888 |
| 5 | Erie | $905 |
| 6 | USAA | $950 |
| 7 | Travelers | $961 |
| 8 | SECURA | $975 |
| 9 | Utica National | $975 |
| 10 | State Farm | $1,002 |
| 11 | Auto-Owners | $1,033 |
| 12 | Amica | $1,087 |
| 13 | Safeco | $1,095 |
| 14 | GEICO | $1,107 |
| 15 | Farmers | $1,146 |
| 16 | California Casualty | $1,161 |
| 17 | Esurance | $1,185 |
| 18 | State Auto | $1,223 |
| 19 | Progressive | $1,243 |
| 20 | MetLife | $1,257 |
| Quote Your Rates Go | ||
The Hartford offers some of the most affordable car insurance rates in Chicago at around $746 annually. Rockford Mutual, Titan, Cincinnati Insurance, and Erie would also make the list of some of the best Chicago, IL auto insurance companies.
As shown above, if you are a policyholder with Rockford Mutual and switched to The Hartford, you might achieve an annual premium reduction of in the vicinity of $67. Drivers with Titan might save as much as $132 a year, and Cincinnati Insurance customers might reduce prices by as much as $142 a year.
To see if your current coverage is too expensive, click here to start a quote or click through to the companies below.
It's important to note that these premiums are averages across all types of drivers and the different vehicles they drive and do not take into consideration a specific zip code for a school permit. So the company that can offer you the best price may not even be in the top 36 companies in the list above. That's why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
Ending up with a good quality insurance provider can be rather challenging considering how many companies provide coverage in Chicago. The ranking data shown next could help you pick which auto insurers you want to consider when shopping insurance around for a school permit.
The ratings below are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies that may only write in Illinois are not taken into consideration for these rankings. If you wish to compare prices from these top-rated insurers and more, simply click here.
Top 10 Large Auto Insurance Companies in Chicago Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- GEICO
- Safeco Insurance
- Mercury Insurance
- Esurance
Top 10 Large Auto Insurance Companies in Chicago Ranked by Value
- USAA
- GEICO
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- Allstate
- 21st Century
- Travelers
Discount Chicago insurance
Insurers that offer cheap quotes for a school permit may have policy discounts that can reduce rates by 30% or more if you meet certain criteria. A few popular companies and some of their more popular discounts are outlined below.
- GEICO may include discounts for anti-lock brakes, driver training, anti-theft, seat belt use, daytime running lights, and defensive driver.
- USAA policyholders can earn discounts including multi-policy, multi-vehicle, annual mileage, family discount, and vehicle storage.
- Progressive offers discounts including multi-policy, good student, online signing, online quote discount, continuous coverage, and homeowner.
- American Family offers premium reductions for defensive driver, mySafetyValet, multi-vehicle, good student, early bird, and good driver.
- Esurance may offer discounts for renters, DriveSense, defensive driver, good student, and online quote.
- Farmers Insurance includes discounts for multi-car, homeowner, bundle discounts, electronic funds transfer, and distant student.
- State Farm offers discounts for good driver, student away at school, anti-theft, driver's education, Steer Clear safe driver discount, and passive restraint.
The example below illustrates the comparison of insurance costs with and without discounts applied. The rates are based on a female driver, no claims or violations, Illinois state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paid-in-full, paperless filing, anti-theft, good student, vehicle safety, and continuous coverage discounts applied. When these discounts are applied, the average savings per year on insurance for a school permit is 28% or $610.
The diagram below highlights how deductible choice can impact premium costs when researching cheap insurance for a school permit. The data is based on a single female driver, comp and collision included, and no additional discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower their car insurance rates by $238 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $358 by using a $1,000 deductible. Even younger drivers, such as the Age 20 example, can cut $526 each year just by choosing higher deductibles when buying full coverage. When using a larger deductible, it is a good idea to have spare funds to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
How to find budget-friendly car insurance for a school permit
Below you'll find some of the recommended thrifty solutions that can help Chicago drivers quote cheap coverage.
- Remove physical damage coverage on older vehicles
- Increase deductibles to save money
- At-fault accidents can raise rates significantly
- Buy a vehicle with excellent safety ratings
- Drivers with good credit often pay less
- Drive safely
- Compare rates often to find the best deal
The last item on the list is particularly valuable, as was pointed out in the prior article. Prices charged by companies fluctuate considerably, so don't hesitate to buy from a different company if a more affordable rate is found.
Many drivers prefer to stick with one company, but it isn't a good idea if that faithfulness ends up costing you hundreds of dollars a year. If you have a few minutes, shop around and find cheaper insurance for a school permit in Chicago.
The agents listed below can answer your questions and help you decide which policy is best, since some drivers wish to have professional advice when trying to find the best insurance rates for a learners permit. It can be challenging to find the cheapest car insurance policy, and getting advice from a licensed Illinois insurance agent can add satisfaction knowing you have sufficient protection if you have a claim.
To locate a Chicago car insurance agency using an interactive map, click the link at the bottom or click here to compare price quotes.
- Allstate Insurance: Maribel Marron
3060 W Armitage Ave - Chicago, IL 60647 - (773) 572-9495 - W.A. George Insurance Agency
155 N Michigan Ave #300 - Chicago, IL 60601 - (312) 729-5265 - Zeiler Insurance Services, Inc.
3660 E 106th St - Chicago, IL 60617 - (773) 375-3600