by Ed Sneneh, Illinois Car Insurance Agent in Chicago
Insurance Navy

There are many Illinois auto insurers operating in the Chicago and suburban areas tryiIllinois SR22 Insurance Ratesng to get the business of several millions of the Chicago and suburban areas residents. Because of the intensity of completions, various auto insurance rates exist. Understanding the structure of the rates is very hard, especially that they do not follow any patter (perhaps due to the significant differences in the social and economic cultures of the Chicago area.)

Below is a table that can be used to illustrate the way auto insurance rates vary from city to city. In the City of Chicago, rates do change based on ZIP codes. Two Chicago residents with similar criteria may be paying different car insurance rates just because they live in two different ZIP codes across the street from each others!

Auto Insurance Rates Calculator in Chicago Illinois Areas

 

 

Auto Insurance Chicago 60630

Auto Insurance Melrose Park 60160

Basic Auto Liability Insurance Rates

Full Coverage Auto Insurance Rates

Basic Auto Liability Insurance Rates

Full Coverage Auto Insurance Rates

Age 16

Male

644

1566

562

1555

Female

526

1405

468

1233

Age 20

Male

376

1123

386

1007

Female

322

787

301

709

Age 24

Male

210

595

209

528

Female

190

445

180

394

Age 25

Male

181

450

190

447

Female

169

408

170

378

  1.  Rates above are relevant only to ZIP codes and territories. Other ZIP codes may have higher or lower rates.
  2. Amounts shown above are in dollars for six months policies.
  3. Rates are based on the fact that the above drivers are principal drivers. Listing a youthful driver (under age 24) as an occasional operator, or part time driver, may reduce premiums in some instances.
    Rates are based on different competitive rates offered by13 different Illinois auto insurance companies as of January 2012. Future rates vary.
  4. Basic Liability Rates are based on the minimum liability limits mandated by the State of Illinois. Most rates for liability insurance are not affected by the year, make, or model of the vehicle insured.
  5. Full  Coverage Rates are based on a vehicle valued $12,300 and deductible of $500 for comprehensive and collision. Most companies will charge based on the value of the insured vehicles, and rates for full coverage are generally not related to the year, make, or model of the vehicle insured. Highest physical damage rate approaches 7.5% of the value of the vehicle per six months, and it goes down by about 1% point every year till age 25, where it stabilizes at that point at about 2.2 % of the value of the vehicle for 6 months work of coverage.
  6. Acceptable MVRs for all drivers, additional drivers may increase premiums. Some companies charge 25% extra for the first three points, 50% for first 6 points, etc.
  7. No prior insurance discounts were given, additional 10% discounts may be given for people who show prior and continuous insurance for 6 months or more.
  8. Married drivers may get additional 5% to 15% cut in their rates. Marital status is not important past age 30 years.
  9. At age 25, most companies start to stabilize their auto insurance rates, and rates become insensitive to changes in age or gender, till age 72 years. After that age rates start to go up, till they become prohibitive at age 76 years.
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