Factors Influencing Cost of Car Insurance in Park Forest, IL

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The average cost of car insurance in Park Forest, IL, is $1,182. This cost is lower than most nearby locations like South Chicago Heights, Rich, Olympia Fields, Richton Park, and University Park. Zimlon, through its research, identified some factors that influence the cost of car insurance in Park Forest, IL, and makes insurance expensive for the residents. 

Location: 

The neighborhood one lives in Park Forest, IL, can significantly influence the cost of car insurance. The make and model of the vehicle, rate of auto thefts in the neighborhood, and age of the driver can increase or reduce the insurance costs within the city. Zimlon offers the service of finding accurate insurance quotes using one’s accurate zip code.

Credit Scores: 

Having an “excellent” or “good” credit score will also help make car insurance less expensive in Park Forest, IL. Several auto insurance companies provide considerable discounts to car owners that have a higher positive credit score. Below is a list by Zimlon highlighting the different cost of car insurance in Park Forest, IL, for different credit scores.

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Deductibles: 

This is one of the most common factors influencing the cost of car insurance in Park Forest, IL. A low deductible ($500) usually increases auto insurance value, whereas a high deductible ($1,000) lowers it. These deductibles can vary depending upon the make and model of the vehicle. For example, in Park Forest, IL, the average cost of auto insurance on a deductible of $500 is $1,564. This cost will decrease to $1,321when the deductible is $1,000.

Age of the Driver: 

Car owners in Park Forest, IL, can make auto insurance less expensive by comparing different policies and opting for various discounts offered by insurance companies for different age groups. 

Zimlon’s analysis found that teenagers usually pay much higher costs of car insurance in Park Forest, IL. This is mainly because insurance companies consider teenagers to be less responsible drivers than middle-aged or older drivers. For example, the cost of car insurance for teenagers in Park Forest, IL, is $3,835, whereas, for a 20-year old driver, insurance cost reduces to $1,519. The cost of car insurance for drivers between the age of 40 to 60 years further reduces to less than $1200 in Park Forest, IL. 

Anti-Theft Feature: 

Equipping vehicles with anti-theft features like audible alarms or tracking devices can help make care insurance less expensive in Park Forest, IL. Cars equipped with safety devices are less prone to thefts; therefore, auto insurance companies provide a considerable amount of discounts to vigilant car owners. However, these discounts on auto insurance depend on the type and number of safety devices installed in the vehicle. 

According to Zimlon’s analysis, car owners in Park Forest, IL, can get car insurance for less than $1200 by installing anti-theft features like Audible Alarm, Active Disabling Device, and Tracking Device.