Peoria, IL Car Insurance

In Peoria, the average monthly cost for full coverage car insurance is $86. Rates range from as low as $81 to as high as $253, depending on factors like the driver's profile and vehicle type. To help drivers better understand what they might pay, the table below lists average car insurance costs for different driver profiles in Peoria.

Because insurers calculate premiums differently, for the most accurate estimate, you'll need to get quotes from multiple providers.

In Peoria, the average annual cost for full coverage car insurance is $1,035, while the state minimum coverage costs $464 per year. These rates are lower than the Illinois averages, where full coverage is $1,093 and minimum coverage is $488 annually.

While premiums might be rising, you can still find affordable car insurance in Peoria. Mercury offers the cheapest minimum coverage at $25 per month. For full coverage, American Family provides the best rate at $56 per month.

Mercury is often the cheapest for minimum coverage, but rates vary for each driver. The best way to find affordable car insurance is to compare quotes from different companies. Below is a table showing the cheapest car insurance rates for various driver profiles.

Every car insurance company in Peoria sets their own prices. To find the cheapest car insurance, compare rates from several providers. Below, we detail the most affordable options for minimum coverage and full coverage car insurance.

Mercury offers the cheapest minimum coverage auto insurance at $25 per month. Westfield follows closely with a rate of $25 per month. See the breakdown of the cheapest options in the table below.

American Family offers the cheapest full coverage car insurance in Peoria at $56 per month. Below is a list of other providers and their rates.

To find affordable car insurance in Peoria, get quotes from several companies. American Family offers the cheapest rate at $531 annually, with a MoneyGeek score of 83. Check the table below for more options.

*Rates are for a 40-year-old driver with good credit and no driving violations.

Middle-aged drivers and younger seniors have the lowest car insurance rates, with pricing of $1,516 per year for 40-year-olds and $1,433 annually for 65-year-olds. Below, you can compare average rates for ages 16 to 65 in the city.

Progressive offers the cheapest overall car insurance for teens in Peoria, with a monthly rate of $130, saving you $16 compared to the state average. The table below breaks down more affordable providers for this age group.

*Rates reflect 16 to 19-year-old drivers with good credit and no driving violations for full coverage policies.

For young drivers in Peoria, Westfield offers the cheapest minimum coverage at $29 per month. American Family provides the most affordable full coverage at $60 monthly. Check the table below to see which providers offer the cheapest rates for different young driver profiles.

American Family offers the most affordable auto insurance for young drivers at $48 per month. Explore other companies with competitive rates in the table below.

*Rates are for 25-year-old drivers with good credit and no driving violations for both minimum and full coverage.

Mercury and American Family offer the cheapest car insurance in your area, but rates vary based on factors like driving history and coverage needs. Below is a table showing the most affordable providers for different driver and coverage profiles that may suit you.

American Family offers the cheapest monthly premium for seniors for both minimum and full coverage at $43. Hanover follows closely with a rate of $46 per month. The table below shows options of the top car insurance providers for seniors in Peoria.

*Rates are for 65-year-old drivers with good credit and no driving violations for both minimum and full coverage.

In Peoria, high-risk driver profiles generally face lower insurance costs compared to the state average, with minimum coverage at $656 and full coverage at $1,490. Those with bad credit and DUIs tend to pay the most for car insurance, while accidents and speeding tickets have a smaller effect on rates.

Mercury offers the cheapest minimum coverage for drivers with a DUI at $454 per year in Peoria. American Family provides the most affordable full coverage policy, costing $804 annually. Check out the table below to see more options for low-cost coverage.

*Rates are for a 40-year-old driver with good credit and a DUI.

American Family, Westfield, and Auto-Owners are the three cheapest car insurance providers for those with an at-fault accident in Peoria. The table below shows different providers offering cheap car insurance coverage for drivers with an at-fault accident violation.

*Rates are for a 40-year-old driver with good credit an at-fault accident.

Hanover is the cheapest car insurance provider for drivers with a speeding ticket, offering rates of $28/month for minimum coverage and $67/month for full coverage. Check the table below to see how other providers charge drivers with a speeding ticket.

*Rates are for a 40-year-old driver with good credit and a speeding ticket.

Mercury offers the most affordable rates for drivers with bad credit for minimum coverage at $37 per month, while Hanover leads for full coverage at $86 per month. Check the table below to find other affordable options.

*Rates are for a 40-year-old driver with bad credit and no driving violations.

In the Prairie State, each city follows statewide mandates for car insurance minimums. Here's what your policy needs at a minimum:

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

For example, if an accident occurs, your insurance will cover up to $50,000 for injuries per accident. This ensures compliance with state laws and helps protect your finances.

Mercury and Westfield lead with the cheapest minimum coverage at $25. Drivers of all kinds, young or old, with good or poor credit, can find affordable insurance options. Make sure your policy includes Illinois's mandatory bodily injury and property damage coverage. By comparing rates, you secure affordable protection that follows Illinois law.

This section provides quick answers to common questions about finding the cheapest and best car insurance options in Peoria.

MoneyGeek conducted an analysis of Peoria auto insurance prices using data from the Illinois Department of Insurance and Quadrant Information Services.

Peoria Driver Profile

To assess the best and most affordable auto insurance options for Peoria residents, MoneyGeek used the following sample driver profile:

• 40-year-old male
• Clean driving history
• 2012 Toyota Camry LE
• 12,000 miles driven per year

By altering variables such as age, driving records and military status, MoneyGeek also found the top insurers for different types of drivers.

Coverage Levels in Peoria

In assessing the car insurance quotes for Peoria, we gathered data for both minimum and full coverage policies, ensuring each insurer conformed to Illinois's mandated liability insurance parameters:

The minimum coverage requirements in Illinois are:

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

To assess rates for full coverage policies, MoneyGeek upped the coverage amounts to these limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $100,000 property damage liability
• Comprehensive and collision coverage with a deductible of $1,000

MoneyGeek’s Scoring System

MoneyGeek scored insurers on a scale of zero to 100, factoring in customer satisfaction, cost-effectiveness, claims management, coverage options and financial stability.

Insurers received scores as indicated below, with a total possible score of 100 points:

• General customer satisfaction (up to 35 points)
• Affordability (up to 30 points)
• Claims experience (up to 20 points)
• Essential coverages (up to 10 points)
• Financial stability (up to five points)

MoneyGeek’s Sources

To gauge rates and assess the best service experiences among Illinois providers, MoneyGeek utilized six sources:

• Quadrant Information Services provided actual policy quotes in Peoria
• J.D. Power's studies and the NAIC index contributed to the assessment of customer service
• Claims experience metrics came from J.D. Power and the CRASH Network’s report card
• AM Best and Demotech offered financial stability insights through their ratings

MoneyGeek gathered 50,284 quotes for the average driver across various ages, driving a Toyota Camry with a clean record, barring specific exceptions. Our study evaluated 14 insurance companies in Peoria.

For more on how we score and assess insurers, see MoneyGeek's methodology.