Who Has Cheap Auto Insurance for Drivers with Accidents in Illinois?

The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, specifically when you are shopping around for the lowest insurance rates for drivers with accidents. Because it’s not cheap, let’s start off by going over some things that can significantly affect auto insurance premiums, and find out if we can help you lower the cost of the next policy you buy.

The vehicle you are trying to insure is one of the biggest factors that determines if you can find the lowest-priced auto insurance for drivers with accidents. Vehicles with limited top-end speed, an excellent safety record, or a track record of few liability claims will cost substantially less to insure than adrenaline junky models. The data below shows auto insurance rates for some of the most cost-effective vehicles to insure in Illinois.

Data rating is based on married male driver age 30, no speeding tickets, two at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Information does not factor in specific zip code location which can modify coverage prices greatly.

Table data represents married male driver age 30, no speeding tickets, two at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Estimates do not factor in vehicle location which can influence prices noticeably.

Data based on married male driver age 30, no speeding tickets, two at-fault accidents, $1000 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate information does not factor in specific zip code location which can influence insurance rates significantly.

For Illinois drivers, one of the components that play a part in determining rate quotes is where your residence is in Illinois. Regions with more people or even just more weather-related claims like Cicero, Skokie, and Des Plaines will most likely have higher rates, whereas areas with less crime or weather claims have the luxury of lower rates.

The information below shows the highest-priced places in Illinois for drivers with accidents to purchase auto insurance in.

Rates are estimated as specific location information can influence premium rates considerably.

The illustration below illustrates how choosing a deductible can influence yearly insurance costs when quoting cheap insurance for drivers with accidents. The rate quotes are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

The data above shows that a 50-year-old driver could save $300 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $450 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could drop their prices $988 every year by choosing a larger deductible amount.

If you make the decision to raise deductibles, it will be necessary to have additional savings on hand to satisfy the extra out-of-pocket expense that is associated with using high deductibles.

Full coverage versus liability only rates

Finding cheap auto insurance for drivers with accidents in Illinois is the goal of the majority of vehicle owners, and one good way to pay less for insurance is to only pay for liability coverage. The information below shows the comparison of insurance rates with and without full coverage. The price estimates are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied.

If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs $1,353 per year more than insuring for liability only. Many drivers may wonder if you should buy full coverage at all. There is no set rule for eliminating physical damage insurance, but there is a general guideline. If the annual cost of having full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $7,000 after paying your policy deductible. If it’s costing in excess of $700 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where only buying liability is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

Best rates: State Farm, Progressive, Allstate, or Geico

If you’re looking for the best auto insurance for drivers with at-fault accidents, the most popular companies are State Farm, Progressive, Allstate, and Geico. If you put them all together, they insure over 48% of the car insurance market in the United States. The following table breaks down price, claims, and customer service ratings, as well as some optional coverages that are available for policyholders.