The best car insurance in Peoria, IL

By

Roxanne Brennan

Roxanne Brennan

Insurance Expert

Roxanne Brennan is a freelance insurance writer at Policygenius, specializing in auto insurance.

Published November 24, 2021

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The average cost for full coverage car insurance in Peoria is $1,357 per year, which is slightly lower than the Illinois state average of $1,403 per year. Rates vary by location, though, and drivers in Peoria can save even more on car insurance by comparing rates from different car insurance companies.

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Policygenius will help you compare car insurance rates from the major companies in Peoria so you can find the right price for your situation.

Key Takeaways

  • FAIA has the lowest average car insurance rate in Peoria at $598 per year

  • ZIP code 61525 has the lowest average rate within Peoria

  • The minimum coverage required for car insurance in Illinois is $25,000 in bodily injury liability per person and $50,000 per accident, plus $20,000 for property damage liability per incident

Cheapest car insurance companies in Peoria, IL

Car insurance companies use a variety of information sources to set their rates. Your age, what car you drive, and your driving record and experience are all used to set rates. Insurers also consider the population, number of accidents, tickets issued, and claims within your ZIP code.

Company

Average cost

JD Power Rating

FAIA

$598

--

Auto-Owners Insurance

$750

890

GEICO

$835

871

COUNTRY Financial

$926

863

State Farm

$945

881

Cheapest car insurance rates by ZIP code in Peoria, IL

Your car insurance rates will vary widely depending on the ZIP code where you live. The number of cars on the road, population density, and accident frequency vary by neighborhood, so residents of certain ZIP codes will have higher rates than people in other areas.

ZIP code

Average cost

61525

$2,047

61602

$2,154

61603

$2,110

61604

$2,090

61605

$2,147

61606

$2,130

61614

$2,098

61615

$2,058

Choosing the right car insurance company in Peoria, IL

When searching for the best value in car insurance it’s important to compare rates from multiple companies since each could offer you slightly different prices. Don’t just consider the differences in cost, though. Insurance companies may offer you discounts, like if you have multiple cars, are a safe driver, or are a first-time customer. Policygenius compares rates for you so that you have all the information you need to make the right car insurance decision.

Car insurance rates for drivers with driving violations in Peoria, IL

Insurance companies will check your driving record, also known as your motor vehicle report, to determine your level of risk as a customer. Drivers with past violations on their record can generally expect to pay more, but rates still depend on which insurer you have.

Violation

FAIA

Auto-Owners Insurance

GEICO

COUNTRY Financial

State Farm

At-fault Accident

$1,012

$986

$1,329

$1,576

$1,166

Driving with a suspended license

$1,294

$1,472

$2,080

$1,656

$1,077

Driving with an open container

$1,633

$1,472

$1,724

$1,397

$1,077

Driving with expired registration

$951

$774

$861

$1,397

$1,077

Driving without Lights

$758

$774

$994

$1,397

$1,077

DUI

$1,633

$1,472

$1,724

$1,656

$1,077

Failure to show documents

$1,294

$1,472

$861

$1,397

$1,077

Failure to stop at a red light

$951

$774

$994

$1,397

$1,077

Cheapest car insurance for drivers with bad credit in Peoria, IL

Having a poor credit score can drastically increase your car insurance rates. While no insurance company can deny you coverage based on your credit score, it can still be a cause for increased premiums.

Company

Rates for drivers with bad credit

FAIA

$1,434

COUNTRY Financial

$1,507

GEICO

$1,512

Nationwide

$1,696

State Farm

$2,144

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Buying car insurance in Peoria, IL

Illinois is an at-fault state. This means that the person who was at-fault for causing the car accident is responsible for all damages. To help cover the cost of a potential accident, most drivers will require more coverage than the state-mandated minimums, so it’s best to get the highest level of coverage and deductible you can reasonably afford.

The state of Illinois has the following minimum coverage levels:

  • Bodily injury liability coverage per person: $25,000 per person and $50,000 per accident

  • Property damage liability coverage: $20,000

  • Uninsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident

Underinsured motorist and personal injury protection coverage are both optional in Illinois. Personal injury protection covers medical expenses after an accident and in the unfortunate result of a death, it covers funeral expenses as well. Underinsured driver coverage provides protection in the event that the at-fault driver is underinsured.

How to get cheap car insurance in Peoria, IL

  • Set your budget. Figure your budget and what coverage you need before you start shopping.

  • Look for discounts. Different insurance companies offer different discounts, so make sure to check what discounts you are eligible for.

  • Bundle your policies. Getting a quote on all of your insurance policies at once may give you a better rate on all of them.

  • Compare prices. Each car insurance company has a different internal process for setting prices, so it’s important to compare car insurance prices from different companies. Policygenius will gather prices from all the major insurance companies in Peoria to make your search easier.

Frequently asked questions

Is car insurance mandatory in Illinois?

Yes. Illinois state law requires vehicle owners to carry liability insurance for any vehicle registered in the state. If you drive without car insurance in Illinois, you could face a fine of at least $500.

What is the difference between Collision and Comprehensive coverage?

Collision coverage pays for damage where there is no other at-fault driver. Comprehensive coverage is applied to damage resulting from non-accident causes such as theft, flooding, fire, vandalism, fallen trees, or animals.

Does turning 25 make me eligible for a lower rate?

In general, yes. Drivers under the age of 25 are statistically more likely to cause an accident and file an insurance claim, so insurance companies mitigate this risk by charging them higher premiums.

How often should I update my car insurance coverage?

Major life changes can affect your car insurance rates. For example, buying a new car, adding or subtracting a driver on your policy, and getting married or divorced can all affect your rates. You may also become eligible for discounts over time, like customer loyalty discounts, so check back often.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.