The cheapest car insurance in Springfield, Illinois is not always provided by the best insurance companies. However, there is some overlap because some of the city's cheapest insurers include Geico, Mercury, and Erie. In Illinois, the average cost of insurance is $442 per year for minimum coverage and $1,485 per year for full coverage. Springfield drivers pay roughly the same amount, with average rates for minimum coverage of $456 per year and full coverage of $1,420 per year. Illinois in general, and Springfield in particular, have lower premiums than the national average of $565 for minimum coverage and $1,674 for full coverage.
It is beneficial to compare premiums from various companies when looking for the best cheap car insurance companies in Illinois. Each company has its own set of rates, and comparing providers is one of the best ways to find the best coverage for your money.
Geico is a top choice for many people looking for the best cheap car insurance companies in Illinois because of its low rates and digital convenience, as well as its strong industry ratings. Erie insurance is also well-known for its low cost, strong financial position, and positive market reputation. Despite its low rates, Mercury falls short in customer satisfaction, and the company has a complaint index rating of.77 for private passenger insurance. For those looking for more from their insurance company, State Farm combines low rates with a strong network of local agents and a wide range of coverage options.
Nationwide enables maximum savings while providing one-of-a-kind endorsements for personal needs.
When shopping for car insurance, premium isn't the only thing to think about. Considering a company's customer service ratings, financial strength, coverage options, and available discounts, as well as its average rates, can help you decide if it is a good fit for your needs.
Insurance requirements in Springfield
Illinois state law requires drivers to carry minimum amounts of certain car insurance coverages. The following are the bare minimums:
Liability for bodily harm of $25,000 per person
$50,000 in bodily injury liability per accident
A property damage liability of $20,000 per accident is imposed.
Uninsured motorists are entitled to $25,000 in bodily injury coverage per person.
Uninsured motorists are entitled to bodily injury coverage of $50,000 per accident.
If you purchase uninsured motorists coverage with limits greater than the minimum required, Illinois also requires you to purchase underinsured motorists coverage.
While the state requires at least these minimum limits, most insurance companies recommend purchasing higher liability limits and, in some cases, full coverage insurance. If you cause an accident and the damages exceed your insurance limits, you will be required to pay the difference out of pocket. Furthermore, if you finance or lease your car, your bank will almost certainly require you to have full coverage insurance.
Springfield car insurance discounts
Drivers in Springfield can take advantage of a variety of car insurance discounts. Each insurance company has its own set of discounts, but some common ones are as follows:
Paperless policy: You may be eligible for a discount if you agree to receive your bills and other policy documents, such as ID cards, electronically.
Driving based on usage: Several companies provide a mobile app or a plug-in device to track your driving habits. If you don't drive frequently, this discount could save you money.
Good driving: If you haven't had any claims or tickets in the last few years, your insurance company may give you a good driver discount on your policy.
Policy bundling: If you buy more than one policy from the same company, such as a home insurance policy and an auto insurance policy, you may be able to get a discount on both.
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