Factors Influencing the Cost of Car Insurance in Addison, IL

Compare Quotes from Top Providers and Save now!

factors_influencing_the_cost_of_car_insurance

The average cost of auto insurance in Addison, IL, is $1,098. This is much lower than neighboring places such as Villa Park ($1,296), Bensenville ($1,275), Itasca ($1,352), and Franklin Park ($1,260). The cost of auto insurance depends on numerous factors such as the age of the driver, make and model of the car, the neighborhood one lives in, deductibles, and driving record. Some of the factors are explored here.

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 $1,082. It comes down to $914 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 Addison have to shell out a massive $3,563 to obtain auto insurance. This is double the amount the next age group pays for insurance. Auto insurance in Addison is cheapest for car owners who are in their fifties and sixties. The average cost of auto insurance for a 50-year-old in Addison is $968, while it is $982 for a 60-year-old.

DUI:

DUI is a serious offense that could have a lasting effect on the cost of auto insurance in Addison. The types of DUI in the state of New York are as follows:

  • Driving While Intoxicated (DWI):

           Driving when the BAC is 0.08 or higher.

  • Aggravated Driving While Intoxicated (Aggravated DWI) :

           Driving when the BAC is 0.18 or higher.

  • Driving While Ability Impaired by Alcohol:

           More than 0.05 BAC but less than 0.07 BAC or other evidence of impairment.

According to the CDC, between 2003 and 2012, the state of New York reported 3,752 fatalities as a result of crashes involving a drunk driver. The cost of auto insurance in New York after DUI goes up to $1,782 from $1,098.