Factors Influencing the Cost of Auto Insurance in Niles, IL

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The average cost of auto insurance in Niles, IL, is $1,206. It is lower than the price of insurance in neighboring places such as Lincolnwood, Wilmette, Kenilworth, and Morton Grove. Several factors can affect the cost of auto insurance in Niles. A thorough comparison of multiple 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

Deductibles:

This is one of the most common factors influencing the cost of auto insurance in Niles, IL. A low deductible ($500), usually increases the value of auto insurance, whereas a high deductible ($1,000) lowers it. For example, the average cost of auto insurance on a deductible of $500 is $1,593, and it decreases to $1,346 when the deductible is $1,000.

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.” The cost of auto insurance when the credit score is “exceptional” can be quite low.

Age Group:

The cost of auto insurance clearly depends on the age of the driver. Auto insurance is the cheapest for drivers in their fifties and sixties ($1,063 and $1,078) in Niles. Teenagers are considered to be more risk-prone to accidents and continue to find auto insurance expensive at $3,913. 

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 Niles, IL, mainly because it increases the amount of risk being covered by insurers. Speeding or driving with an expired license can prove to be quite expensive. The former leads to an increase of $295, while the latter leads to an increase of $813.

DUI:

DUIs can prove to be extremely expensive for car owners in almost every city in the country. This can have a lasting impact on insurance rates as well. The cost of auto insurance post-DUI in Niles can be as high as $1,958. 

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.