Cheapest and Best Car Insurance in Elgin, IL, (2024)

Finding the lowest car insurance rates in Elgin hinges on coverage choices and driver profiles. For full coverage, American Family offers the best rates, while State Farm is the go-to for families with teen drivers. These differ from Mercury, which is most affordable for minimum coverage. When service is key, Westfield excels, yet American Family provides the best overall balance of cost and quality. Choose according to your priorities and coverage requirements.

MoneyGeek found that Mercury is the cheapest car insurance option in Elgin, offering minimum coverage at an incredibly affordable rate.

• Mercury: $313 per year
• Country Financial: $381 per year

Interestingly, Allstate has the most expensive minimum coverage policy in Elivent, at an annual premium of $685. The notable $372 difference between Mercury and Allstate highlights the significance of comparing car insurance rates to ensure you're getting the best deal available.

In Illinois, including Elgin, the prerequisites for car insurance are prescribed by state regulation. Here's what those requirements look like:

• $25,000 bodily injury per person
  
• $50,000 bodily injury per accident
  
• $20,000 property damage liability per accident
  
• $25,000 uninsured motorist bodily injury per person
  
• $50,000 uninsured motorist bodily injury per accident
  

Suppose you're in an accident and you're at fault. Your minimum coverage insurance would cover up to $25,000 for an individual's injuries and up to $50,000 for injuries per accident. However, if the total damages surpass these limits, any excess must come out of your pocket.

MoneyGeek found that American Family is the most affordable when it comes to the cheapest full coverage car insurance in Elgin.

• American Family: $678 per year
• Country Financial: $836 per year

Hanover presents the most expensive full coverage policy in Elgin, with an annual premium that is $1,185 more expensive than American Family.

A full coverage auto insurance policy includes protections of $100,000 for bodily injury per individual, $300,000 for bodily injury per event, and $100,000 for property damage per event. This is known as the 100/300/100 coverage plan.

Full coverage insurance exceeds the liability limits and includes both comprehensive and collision coverage, which are essential features:

• Collision Insurance: This type of insurance pays for the repair or replacement of your automobile in the event of a collision with another car or an object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This category of coverage compensates you for damages to your vehicle from a wide array of non-collision incidents such as theft or natural disasters and being struck by an animal like a deer.

For anyone with a new car, opting for full coverage insurance is advisable to protect your auto investment. For owners of older cars, the benefits of full coverage may not outweigh its more substantial cost. When deciding on insurance, weigh the protection extensive coverage offers against the risk of being underinsured along with the costs involved.

MoneyGeek found that American Family is the cheapest option in Elgin for drivers with a speeding ticket, accident or DUI.

• Speeding Ticket: American Family ($829 per year)
• At-fault accident: American Family ($819 per year)
• DUI: American Family ($829 per year)

Rates can increase significantly with driving infractions, so it is important to look for the cheapest insurance if you have a bad driving record.

In Elgin, car insurance rates climb with the severity of a driving infraction due to increased risk insurers associate with drivers who have violations. For example, drivers with a speeding ticket face an annual premium of approximately $1,859, while those with a DUI could see rates around $2,534.

MoneyGeek found that Progressive offers the most affordable full coverage car insurance for teenage drivers in Elgin, ensuring significant savings for families. Get the cheapest car insurance for teens today!

• Progressive: $1,815 per year for female teens and $1,953 per year for male teens
• State Farm: $1,957 per year for female teens and $2,496 per year for male teens

These rates are based on a policy that covers a combination of two parents and a teen driver. GEICO has the most expensive policy for teen family coverage in Elgin, with an annual premium of $2,540 for a female teen driver.

Teen drivers in Elgin and cities alike face steep car insurance costs, with individual policies averaging $5,303 annually. By contrast, adding a teen to a family plan significantly slashes this premium to roughly $2,397, illustrating the favorable financial impact of shared policies.

MoneyGeek found that American Family is the cheapest option for those seeking the cheapest car insurance for military backgrounds in Elgin, offering comprehensive coverage at competitive rates.

• American Family: $678 per year
• Country Financial: $836 per year

USAA has a higher premium of $1,104 per year, yet it's a preferred option for many due to its special services that cater specifically to the needs of active duty military members.

In Elgin, you can use MoneyGeek's car insurance calculator to get rate estimates. By simply inputting factors such as age, driving record, credit score, and coverage preferences, users receive immediate rate estimates.

Choosing the right auto insurance can be a multifaceted decision involving service, cost, coverage, and other personal preferences. According to MoneyGeek's research, utilizing a distinct scoring system for each category, Elgin's top three car insurance providers are:

• Best overall: American Family (MoneyGeek score 85 out of 100)
• Best for service: Westfield (MoneyGeek score 82 out of 100)
• Best cheap: Westfield (MoneyGeek score 80 out of 100)

Westfield offers exceptional customer experience and affordability. However, if balance is key, American Family is the best overall pick, which may appeal to those prioritizing a mix of solid customer service and cost-effectiveness.

MoneyGeek found that American Family offers the best car insurance in Elgin, ensuring customers receive quality coverage and service.

• American Family: MoneyGeek score of 85 out of 100 ($678 per year)
• Westfield: MoneyGeek score of 83 out of 100 ($997 per year)

American Family offers a good balance of affordability and customer satisfaction.

Westfield offers the best car insurance for customer service in Elgin, achieving exemplary results in customer satisfaction, claims handling and coverage options.

• Westfield: MoneyGeek score of 82 out of 100 ($997 per year)
• American Family: MoneyGeek score of 80 out of 100 ($678 per year)

Westfield has exceptional customer satisfaction and claims scores.

MoneyGeek found that Westfield is the best option in Elgin for those who are looking for cheap car insurance that doesn't compromise on quality.

• Westfield: MoneyGeek score of 80 out of 100 ($425 per year)
• Mercury: MoneyGeek score of 80 out of 100 ($313 per year)

Westfield stands out with its balanced blend of high marks in customer satisfaction and its competitive pricing for minimum coverage policies.

In Elgin, Illinois, the average cost of car insurance is $1,056. When compared to the average state car insurance cost of $1,153, Elgin's average cost is less, indicating it could be a more economical choice for residents within the state. However, this figure still falls significantly below the national average car insurance premium of $1,781.

Car insurance premiums are influenced by various factors, with location being a critical one. Factors such as the frequency and severity of accidents, car thefts, repair costs and state laws can all impact insurance rates.

For instance, Chicago has the most expensive car insurance premium in Illinois at $1,442, while Springfield emerges as the most affordable city at $989.