Finding affordable auto insurance in Illinois can be challenging, especially for new drivers. As a new driver, you may have limited experience behind the wheel, which can affect your insurance rates. However, there are options available that can help you save money while still providing adequate coverage. Here are some of the best options for cheap auto insurance in Illinois for new drivers.
1. Compare Quotes from Multiple Insurers
The first step in finding cheap auto insurance is to compare quotes from various insurance companies. Each insurer has its own criteria for determining rates, which means you could save significantly by shopping around. Websites like Quote.com and Insurance.com can help streamline this process by allowing you to compare rates from several providers in one place.
2. Look for Discounts
Many insurance companies offer discounts that can help lower your premium. As a new driver, you may qualify for discounts such as:
- Good Student Discount: If you are a student with good grades, most insurers will offer a discount.
- Teens Driver Education: Completing a driver education course can also earn you a lower rate.
- Multi-Policy Discount: If you bundle your auto insurance with other types of insurance, like renters or home insurance, you can save money.
- Safe Driving Discounts: Some insurers provide discounts for maintaining a clean driving record over a specified time.
3. Consider Usage-Based Insurance
Usage-based insurance programs collect data on your driving habits through a mobile app or a device installed in your vehicle. If you are a safe driver who avoids hard braking and swift acceleration, this could result in lower premiums. Companies like Progressive and State Farm offer these programs which can be particularly beneficial for new drivers.
4. Choose a Higher Deductible
Another way to lower your monthly insurance premium is by opting for a higher deductible. A deductible is the amount you pay out of pocket before your insurance kicks in. By choosing a higher deductible, you can reduce your premium significantly, but ensure that you can afford the deductible in case of an accident.
5. Maintain Good Credit
In Illinois, and most states, insurers take your credit history into account when calculating your premium. Maintaining a good credit score can positively impact your policy rates. Pay your bills on time and avoid excessive debt to improve your creditworthiness.
6. Opt for Minimal Coverage if Necessary
If you’re looking for budget-friendly options, you might consider opting for the minimum coverage required by law in Illinois. The state mandates bodily injury liability of $25,000 per person and $50,000 per accident, along with property damage liability of $20,000. However, be aware that while minimum coverage will lower your premiums, it may leave you vulnerable if an accident exceeds these limits.
7. Pay Annually Instead of Monthly
If possible, pay your premium annually instead of monthly. Many insurers offer discounts for paying your policy in full upfront. This strategy can help you avoid installment fees that may accrue with monthly payment plans.
8. Reassess Your Policy Regularly
It's essential to reassess your auto insurance policy regularly. Life changes, such as moving to a different area, or having dissimilar driving habits can affect your rates. Remain proactive by revisiting your coverage options at least once a year.
By taking these steps, new drivers in Illinois can find affordable auto insurance that meets their needs. Remember, the key is to remain informed and proactive in your search for the best rates and coverage options that fit your driving profile.
