For high risk drivers, one of the big things that are looked at to determine insurance cost is where you live. Areas with a lot of weather claims or more people tend to pay slightly more, whereas areas with less crime or weather claims receive better rates.
The information below lists the highest-priced areas in Illinois for drivers requiring a SR22 to buy car insurance in. Chicago is listed at #1 with an annual premium of $1,544 for the average insured, which is about $129 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Chicago | $1,544 |
| 2 | Cicero | $1,526 |
| 3 | Skokie | $1,447 |
| 4 | Berwyn | $1,421 |
| 5 | Des Plaines | $1,286 |
| 6 | Evanston | $1,264 |
| 7 | Oak Lawn | $1,243 |
| 8 | Mount Prospect | $1,217 |
| 9 | Waukegan | $1,212 |
| 10 | Joliet | $1,180 |
| 11 | Palatine | $1,155 |
| 12 | Orland Park | $1,138 |
| 13 | Tinley Park | $1,132 |
| 14 | Bolingbrook | $1,128 |
| 15 | Schaumburg | $1,123 |
| 16 | Rockford | $1,107 |
| 17 | Arlington Heights | $1,106 |
| 18 | Elgin | $1,105 |
| 19 | Aurora | $1,085 |
| 20 | Peoria | $1,060 |
| 21 | Springfield | $1,039 |
| 22 | Naperville | $1,022 |
| 23 | Decatur | $1,013 |
| 24 | Champaign | $971 |
| 25 | Bloomington | $942 |
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Premium costs are approximated as the specific Chicago residence address can modify premium rates significantly.
Finding dependable, cheap car insurance is not most people's favorite thing to do, and determining which companies offer the best insurance rates for drivers requiring a SR22 requires more quotes for comparison. Each insurance company uses slightly different criteria for determining rates in each state, so let's take a look at the insurance companies with the most affordable rates in Chicago, IL.
It's important that you understand Chicago insurance rates are impacted by many things which can substantially decrease or increase the cost of a policy. This price variability is why drivers need to perform an extensive rate comparison to find affordable car insurance quotes for drivers requiring a SR22. Rates are influenced by many different factors and change frequently, so the best price six months ago may now be quite expensive.
Find the Cheapest Auto Insurance for SR22 Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $746 |
| 2 | Rockford Mutual | $822 |
| 3 | Titan | $886 |
| 4 | Erie | $905 |
| 5 | Cincinnati Insurance | $915 |
| 6 | SECURA | $975 |
| 7 | Utica National | $984 |
| 8 | USAA | $988 |
| 9 | Travelers | $990 |
| 10 | State Farm | $1,012 |
| 11 | Auto-Owners | $1,053 |
| 12 | GEICO | $1,074 |
| 13 | Safeco | $1,085 |
| 14 | Amica | $1,087 |
| 15 | Farmers | $1,181 |
| 16 | California Casualty | $1,209 |
| 17 | Esurance | $1,233 |
| 18 | Progressive | $1,243 |
| 19 | MetLife | $1,257 |
| 20 | State Auto | $1,260 |
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The Hartford may offer some of the most affordable car insurance rates in Chicago at around $746 a year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also qualify as some of the best Chicago, IL car insurance companies.
As illustrated above, if you currently have coverage with Erie and switched to The Hartford, you could see an annual savings of around $159. Policyholders with Cincinnati Insurance might save as much as $169 a year, and SECURA insureds might reduce prices by as much as $229 a year.
To get a quick, customized rate comparison, click here to start your free quote or click through to the companies below.
Be aware that those premiums are averaged across all types of insureds and vehicles and are not factoring in a vehicle location for drivers requiring a SR22. So the company that fits your situation best may not even be in the top 36 companies shown above. That emphasizes why you need to compare as many prices as possible using your own specific driver and vehicle information.
Buying coverage from a high-quality car insurance provider is difficult considering how many companies sell coverage in Chicago. The company rank data shown below could help you analyze which car insurance providers you want to consider when comparing rates.
The rankings below are for companies with a nationwide focus, so companies with more of a regional focus will not be included in these rankings. If you would like to check rates from many more Illinois auto insurance companies, click this link.
Top 10 Large Auto Insurance Companies Overall in Chicago
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
The information below illustrates how your choice of deductibles can influence insurance rates when getting quotes for cheap insurance for drivers requiring a SR22. The costs are based on a single female driver, full coverage, and no policy discounts are applied.
A 30-year-old driver could lower rates by $238 a year by switching from a $100 deductible to a $500 deductible, or save $358 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 chart data, can save $526 or even more just by choosing higher deductibles when buying full coverage. When using a larger deductible, it is important to have additional funds in a savings account to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
The benefits of price comparisons
Illinois insurance rates are impacted by many things that may substantially change the cost of a policy. Simply improving your credit, having a teenage driver, or getting caught speeding can cause premium changes that may make certain companies cheaper than before. Not only may your risk profile change, but insurance companies amend premium rates as needed in order to protect their financial rating. Larger than normal claims may cause increased policy costs, while lower claims can result in lower-cost Chicago car insurance rates.
The chart below shows the companies that have the cheapest car insurance in Chicago, IL for a 45-year-old male driver with no accidents or violations, and a good credit history. When quoting prices based on his current rating profile, The Hartford offers the lowest car insurance rates in Chicago at $1,224 annually. This is $125 less than the average premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also make the list of the most affordable Chicago, IL auto insurance companies.
Let's now give the driver in the first example a couple of claims, a lower credit rating, and a speeding ticket. Since each auto insurer has a different process for determining rates in each state, analyzing rates most likely will result in a new list of affordable companies as shown below.
USAA now has the best price in Chicago, IL with Travelers, SECURA, State Farm, and Auto-Owners also having competitive pricing. This example shows why consumers need to shop around to find the most affordable car insurance rates for drivers requiring a SR22.
Rates consist of many factors and change substantially, so the best company when you last compared rates may now be costing you a lot of money.
How to find economical insurance for drivers requiring a SR22
It's not impossible to find cheaper rates, and here are a few money-saving suggestions that can help Chicago drivers find cheap car insurance.
- At-fault accidents will increase rates
- Violations and traffic tickets increase rates
- Increase the comprehensive and collision deductibles on your policy
- Drop full coverage on older vehicles
- Don't have frequent claims
- Compare rate quotes often
The last tip is incredibly critical, as we emphasized in this piece. Rates in Chicago go up and down frequently, so you should be ready to buy a different policy if you can save money.
Being loyal to a particular company is commendable, but it's not a good idea if that loyalty results in overpaying thousands of dollars over the life of your policy. It takes less than five minutes to compare prices to find cheaper insurance for drivers requiring a SR22.
If you aren't clear which coverage you need and would like to get some help when shopping around for cheaper insurance for high risk drivers, the professional agents shown below are willing to help you make a decision which coverages and limits you need. To find an auto insurance agency by location nearest to you, click the button link following the list or click here to compare price quotes now.
- Bill Dillard - State Farm Insurance Agent
516 W Diversey Pkwy - Chicago, IL 60614 - (773) 549-2605 - Talro Insurance Agency
4900 W Belmont Ave - Chicago, IL 60641 - (773) 205-8255 - Illinois Vehicle Auto Insurance
100 W. Randolph, Suite C14 - Chicago, IL 60601 - (312) 201-9111