Cost of Auto Insurance in Schaumburg, IL, as High as $1,744

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The average cost of auto insurance in Schaumburg, IL, is on the higher side at $1,744. However, it is higher than the cost of insurance in neighboring places such as Barrington and Palatine. But, it is lower than the state average of Illinois. Several factors can affect the cost of auto insurance in Schaumburg. A thorough comparison of different auto insurance quotes will help car owners obtain an insurance quote that best suits their coverage needs. Zimlon also offers the option of keying in one’s zip code to get accurate auto insurance quotes.

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Some of the factors that could increase the cost of auto insurance are as follows:

Demographic:

The cost of auto insurance differs in different parts of the city. As the above table indicates, the cost of auto insurance for married women is the lowest in Schaumburg at $937. The cost of auto insurance for teenagers continues to be high, at $4,393. 

Deductibles:

This is one of the most common factors influencing the cost of auto insurance in Schaumburg, IL. A low deductible ($500) usually increases the cost of auto insurance, whereas a high deductible ($1,000) lowers it. For example, the average cost of auto insurance when the deductible is $500 (Ford Transit Connect XLT) is $1,110, and it decreases to $1,020 when the deductible is $1,000.

DUI:

DUIs can prove to be extremely expensive for car owners in every city of the country. This can have a lasting impact on insurance rates as well. The cost of auto insurance post-DUI in Schaumburg can be as high as $1,980. It increases to $7,426 for male teenagers and $6,258 for female teenagers. 

Credit Score:

A low credit score could also mean an increase in the cost of auto insurance. Moreover, auto insurance increases when the credit score is “poor” or “average.”

Driving Violations:

Driving Violations such as driving with an expired license or speeding can also have a severe impact on the cost of auto insurance in Schaumburg, IL, mainly because it increases the amount of risk being covered by insurers. 

Other factors that could make auto insurance expensive include not using anti-theft equipment. Comparing quotes is of utmost importance to reduce the cost of auto insurance in the city.