Average Rate of Car Insurance in Chicago, IL, is $1,154

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The average cost of auto insurance in Chicago is $1,154. This is lower than most neighboring places such as Forest View, Berwyn, Cicero, and Stickney. The cost of auto insurance is influenced by numerous factors such as the rate of deductibles, driving record, and make and model of the car. The cost of insurance can also vary from one neighborhood to another, depending on the rate of auto thefts in that area. Some of the factors that influence auto insurance rates are explored below.

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DEDUCTIBLE:

Deductibles are one of the most common factors that affect the cost of auto insurance. If the car owner opts for a high deductible, the cost of auto insurance decreases, while it increases if the car owners choose a lower deductible. For example, if the deductible is $500, the cost of auto insurance is $1,864, in Chicago. It comes down to $1,575 when the deductible is higher, say $1,000.

AGE OF THE DRIVER:

The age of the driver is an important factor in determining the cost of auto insurance. The cost of auto insurance decreases with an increase in the driving experience. This is perhaps why auto insurance is most expensive for teenagers. Teenagers in Chicago have to shell out a massive $3,745 to obtain auto insurance. This is double the amount the next age group pays for insurance. Auto insurance in Chicago is cheapest for car owners who are in their fifties and sixties. The average cost of auto insurance for a 50-year-old in Chicago is $1,018, while it is $1,032 for a 60-year-old. 

DUI:

DUI is a serious offense that could have a lasting impact on the cost of auto insurance in Chicago. 

The penalties for DUI in Chicago can be heavy. The fines for a first DUI conviction are:

  • A minimum fine of $500 can be imposed if the BAC level was 0.16% or more.

  • A maximum fine of $2,500 can be imposed.

  • A fine of $1,000 can be imposed if the driver was traveling with a passenger under 16 years of age.

According to the CDC, between 2003 and 2012, the state of Illinois reported 3,866 fatalities as a result of crashes involving a drunk driver. The cost of auto insurance in Illinois post-DUI goes up to $1,873 from $1,154.