Cheapest Insurance for Electric Cars in Illinois

Wouldn’t life be so easy if we could tell you that one special company that has the most affordable coverage for electric cars? That is not the case, however, as there are a whole bunch of unknowns like whether you have good credit, how much you actually drive in a year, and the level of deductible you choose. In this article, we will teach you about the best ways to avoid paying too much and will hopefully give you a good start in finding the cheapest insurance.

For eco-friendly vehicles, one of the largest considerations that help determine the annual cost of car insurance is where you keep your car in Illinois. Cities with larger populations like Cicero, Berwyn, and Evanston tend to have more expensive auto insurance rates, whereas areas with less congestion receive better rates.

The following table lists the higher priced cities in Illinois for electric cars to buy car insurance in.

Premium costs are approximated as the specific area where the vehicle is garaged can impact auto insurance rates greatly.

Locating affordable auto insurance is easier said than done, and determining which companies have the best auto insurance rates for electric cars will involve more quotes for comparison. Every insurance company has their own unique process for determining rates in each state, so let’s rank the overall cheapest auto insurance companies in Illinois.

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The Hartford normally has some of the best car insurance rates in Illinois at around $769 annually. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also rank well as some of the most economical Illinois insurance companies.

As the rates illustrate above, if you are a policyholder with Cincinnati Insurance and switched to Rockford Mutual, you might achieve an annual savings of upwards of $93. Illinois drivers with Utica National could save as much as $124 a year, and USAA customers might see rate reductions of $128 a year.

To see if your current coverage is too expensive, click here to start your free quote or quote rates from the companies below.

Understand that those policy rates are averages across all drivers and vehicles in Illinois and do not factor in a price decrease for electric cars. So the company that has the cheapest rates for you may not even be included in the chart above. That affirms the importance of why you need to compare rates from as many companies as possible using your own driver data and vehicle information.

Insuring your vehicle with the right insurance provider is difficult considering how many companies provide coverage in Illinois. The rank data displayed below could help you pick which car insurance companies you want to consider when insurance shopping for electric cars. The rankings below are for companies with a nationwide focus, so companies that may only write in Illinois will not be included in the list.

Top 10 Large Auto Insurance Providers in Illinois Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Erie Insurance
5. State Farm
6. Liberty Mutual
7. Safeco Insurance
8. Allstate
9. 21st Century
10. Titan Insurance

Top 10 Large Auto Insurance Providers in Illinois Ranked by Customer Satisfaction

1. USAA – 92%
2. 21st Century – 88%
3. Erie Insurance – 88%
4. Nationwide – 88%
5. American Family – 88%
6. State Farm – 88%
7. Progressive – 87%
8. Liberty Mutual – 87%
9. AAA Insurance – 87%
10. The Hartford – 87%

The example below illustrates how your deductible choice can influence insurance premiums when trying to find cheap insurance for electric cars. The information is based on a married female driver, full physical damage coverage, and no policy discounts are applied.

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The chart above illustrates that a 30-year-old driver could lower their car insurance rates by $288 a year by switching from a $100 deductible to a $500 deductible, or save $434 by switching to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, can save up to $616 every year by selecting a higher deductible. If you make the decision to raise deductibles, it is important to have emergency funds available to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Ideas for buying the cheapest insurance for electric cars

The list below details some of the better money-saving solutions that can help Illinois drivers buy low-cost car insurance.

• Do not get traffic violations
• Drive a car with a high safety rating
• Buy your auto and home insurance from the same company and save
• Claim-free drivers earn discounts
• Maintain a safe distance and avoid accidents
• Look for cheaper rates once a year by shopping around

That last tip is highly necessary, as we stressed in this article. Insurance prices in Illinois can change in a short period of time, so don’t be unwilling to switch to a new company if a more affordable price is available.

Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that loyalty results in overpaying thousands of dollars over the life of your policy. Take a few minutes and compare prices and find cheaper auto insurance for electric cars.