Best 5 Very Cheap Car Insurance Quotes Illinois to Get With Full Coverage for Electric Cars
Purchasing car insurance for an electric vehicle (EV) in Illinois can seem daunting, considering many factors, from coverage types to discounts. Ultimately, drivers want affordable, comprehensive protection for their eco-friendly investment.
In this guide, we will compare the top 5 insurers that offer budget-friendly rates for EV owners in Illinois - State Farm, Geico, Allstate, Country Financial, and Liberty Mutual. We'll break down the coverage options, how premiums are calculated, and any special discounts to leverage.
Best 5 Car Insurance Companies in Illinois for Optimal Coverage and Affordable Rates
Read on for an in-depth look at finding the cheapest full-coverage car insurance for your electric vehicle in Illinois.
Overview of Coverage Types
Before diving into specific providers, let's review the main types of auto insurance coverage to understand what protection you need:
For electric vehicles, you may also want:
When getting quotes, pay attention to the deductible amounts, too. A higher deductible lowers your monthly premium but means you pay more out-of-pocket for repairs.
What Factors Affect Car Insurance Cost?
Insurers look at various risk factors when pricing your policy. Some key ones that impact electric car insurance rates in Illinois include:
Let's compare our top picks for cheap electric car insurance in Illinois.
State Farm Auto Insurance
State Farm is the largest auto insurer in Illinois and the U.S. due to competitive pricing and stellar customer service. They offer specially designed protection plans for EVs.
Coverage Options
State Farm does not provide equipment coverage for EV-specific components like batteries. But their standard offerings are robust for full protection following an accident.
Discounts
Note that State Farm offers better rates for customers who bundle multiple policies. Their good student discount applies up to age 25 for full-time students maintaining a B average or better.
Quotes and Claims
State Farm makes getting a quote quick and easy through its website or mobile app. Local agents are available for personalized service to explain coverage and file claims.
Policyholders can also utilize State Farm's extensive network of auto repair shops to service their electric vehicles. Claims are handled promptly with 24/7 roadside assistance.
Pros
Cons
State Farm is a leading choice for electric car owners in Illinois for affordable rates and outstanding service.
Geico Car Insurance
Geico is the second largest auto insurer nationally and a top bargain choice for minimum liability coverage.
Coverage Options
Geico offers less flexibility in customizing coverage compared to competitors. Equipment coverage and personal injury protection are not available. But they provide solid basic protection at low rates.
Discounts
Geico offers well-known savings for insuring multiple cars or having other policies like homeowners insurance. Safe driving and accident prevention courses earn you the maximum discounts of up to 26%.
Quotes and Claims
Geico makes getting quotes fast through their website. Policies can be managed via online accounts or their mobile app. Claims can be filed by app or phone 24/7. However, local agent support is minimal compared to insurers like State Farm.
Pros
Cons
Overall, Geico is perfect for keeping costs at rock bottom if you need basic liability insurance to drive your electric vehicle in Illinois legally.
Allstate Insurance
Allstate is a household name in insurance with customized coverage options specifically designed for eco-friendly vehicles.
Coverage Options
A highlight of Allstate is its equipment coverage to protect items like batteries, motors, and charging stations. They also offer accident forgiveness to prevent premium hikes after your first at-fault collision.
Discounts
Allstate provides a range of ways to lower costs, like maintaining safe driving habits, paying your bill automatically, and combining auto with renters or life insurance.
Quotes and Claims
Allstate offers online quotes as well as support from local agents. Policyholders can file claims 24/7 by phone or through Allstate's mobile app. Their claims team helps guide you through the repair process.
Pros
Cons
Allstate gives electric vehicle owners peace of mind with specialized protection plans. Their upfront pricing tool helps you estimate costs accurately as well.
Country Financial Auto Insurance
Country Financial is an Illinois-based insurer that provides hometown service and affordable coverage.
Coverage Options
While they do not offer equipment coverage, Country Financial provides robust protection for your electric vehicle, including accident forgiveness and diminishing deductible perks.
Discounts
Bundling your car with home or life insurance can earn discounts up to 20%. Students under 25, maintaining a B or better average, get good student savings.
Quotes and Claims
Country Financial offers quotes through local agents who get to know you and your needs. The claims process is smooth and fast, with 24/7 support. Repairs are guaranteed for as long as you own the vehicle.
Pros
Cons
For Illinois drivers who want a local touch and great service when insuring their electric car, Country Financial is a leading choice.
Liberty Mutual Auto Insurance
Rounding out our top Illinois providers is Liberty Mutual, which offers well-priced coverage for electric and hybrid vehicle owners.
Coverage Options
Liberty Mutual has flexible options to add equipment coverage and other useful benefits like new car replacement and emergency travel expense reimbursement.
Discounts
The eco-friendly vehicle discount provides savings for owning a hybrid or electric car. Liberty's discounts add up quickly, making their already competitive rates even more affordable.
Quotes and Claims
Using Liberty Mutual's website and mobile apps, getting quotes and managing policies is simple. Claims can be started by phone or app and are handled promptly with quality service.
Pros
Cons
Liberty Mutual rewards eco-conscious drivers with discounted protection for electric and hybrid cars. Their comprehensive coverage options provide peace of mind.
Key Factors That Impact Car Insurance Cost
Now that we've reviewed some top providers for cheap electric car insurance in Illinois let's discuss what factors generally influence your rates. Knowing these variables will help you make smart decisions to keep premiums affordable.
Driving Record
Insurers will closely examine your driving history when pricing a policy. Expect higher rates if you have marks like:
On the other hand, a clean record with no violations will qualify you for the best discounts. Avoiding tickets and accidents is critical to reducing insurance costs.
Vehicle Profile
Your electric vehicle's make, model, year, and condition impact your rates too. Typically, it's more expensive to insure luxury vehicles and newer cars with high repair costs. Extra anti-theft technology can earn you a discount.
Garaging Location
Where you park your EV, overnight affects your risk profile. Storing it in an urban area with higher crime and collision rates will boost your premium versus parking in a rural location. Garaged vehicles also have a lower risk of weather damage and theft.
Miles Driven
Insurers ask for your estimated annual mileage, which factors into pricing. The more you drive, the more exposure to potential accidents you have. Keeping mileage low by combining EV driving with public transportation can reduce costs.
Coverage Limits
Choosing higher liability limits and lower deductibles raises your premiums but provides greater protection. Choose limits that adequately cover potential injury and damage in at-fault accidents.
Credit Score
In Illinois, insurers can use your credit-based insurance score as a rating factor. Maintaining excellent credit lowers rates. Poor credit bumps up costs. Monitoring your credit health helps keep premiums affordable.
Discounts
Take advantage of discounts like low mileage, defensive driver courses, good student, multi-policy, and eco-friendly vehicle discounts. Even 5-10% off makes a noticeable difference in the bottom line.
Considering all these pricing factors will ensure you find the cheapest full-coverage electric car insurance in Illinois tailored to your unique situation.
FAQ on Electric Vehicle Insurance
Let's recap some frequently asked questions about insuring electric cars to help you make smart coverage decisions:
Do I have to get special insurance for an electric vehicle?
Generally, standard auto insurance policies will cover an electric car like a gas-powered one. But it's wise to opt for extras like equipment coverage for EV-specific components that may not be included automatically.
Is insurance more expensive for electric cars?
Electric vehicles are generally more expensive to insure due to higher repair costs for technology like batteries and digital components. However, insurers are offering green vehicle discounts that can offset the difference.
Should I lease or buy an electric car for cheaper insurance?
Leasing comes with mandatory higher coverage levels that raise premiums. Buying allows you to choose your coverage minimums for potential savings. Purchasing also qualifies you for discounts like multi-vehicle for insuring your EV with another owned car.
Can I get a discount for charging my EV at home?
Some insurers discount at-home charging because it is less risky than public charging stations. Make sure to inquire about any available savings for your charging habits.
Should I choose OEM or aftermarket parts to repair my EV?
OEM parts from your electric vehicle's manufacturer are recommended to ensure proper fit and function, especially for sensitive technology. Aftermarket and recycled parts can negatively impact safety systems. Check your policy to see which are covered.
How much liability insurance do I need for an EV?
Experts recommend a minimum of 100/300/100 coverage limits for electric vehicles. This translates to $100,000 bodily injury per person, $300,000 bodily injury per accident, and $100,000 property damage per accident. Higher 250/500/250 limits are even better if in your budget.
Find the Best Value Electric Car Insurance
We hope this comprehensive guide helps you find affordable, full-coverage insurance for your new electric vehicle in Illinois. Remember to shop and compare quotes from different providers. Look for special discounts for eco-friendly cars and equipment coverage to protect your EV technology and batteries.
Prioritize insurers like State Farm and Country Financial, who balance competitive pricing with strong local agent support. For the absolute lowest rates, Geico is the way to go. Or choose Allstate and Liberty Mutual for robust electric car protection.
You can maximize savings while getting quality coverage by understanding key factors determining your premiums and leveraging available discounts. Drive your new electric car with peace of mind by following our tips to get the best value insurance.
Disclaimer: The reviewed car insurance products are stand-alone services, and we have no direct involvement in their quotes or influence over rates and terms. Requesting a car insurance quote does not guarantee approval, and some products may perform other checks. Some car insurance products may not be available in all states. This article provides general information, and although we strive for accuracy, we are not liable for errors or omissions. Some links may be affiliate links; we may earn commissions if clicked. Verify information independently and seek professional advice before making decisions; use of this article implies acceptance of these terms.